finance in india

State of the economy
The economy has moved decisively to a higher
growth phase. Till a few years ago, there was
still a debate among informed observers about
whether the economy had moved above the 5 to
6 per cent average growth seen since the 1980s.
There is now no doubt that the economy has
moved to a higher growth plane, with growth in
GDP at market prices exceeding 8 per cent in
every year since 2003-04. The projected economic
growth of 8.7 per cent for 2007-08 is fully in line
with this trend. There was an acceleration in
domestic investment and saving rates to drive
growth and provide the resources for meeting the
9 per cent (average) growth target of the Eleventh
Five-Year Plan. Macroeconomic fundamentals
continue to inspire confidence and the investment
climate is full of optimism. Buoyant growth of
government revenues made it possible to maintain
fiscal consolidation as mandated under the Fiscal
Responsibility and Budget Management Act
(FRBMA). The decisive change in growth trend
also means that the economy was, perhaps, not
fully prepared for the different set of challenges
that accompany fast growth. Inflation flared up in
the last half of 2006-07 and was successfully
contained during the current year, despite a global
hardening of commodity prices and an upsurge in
capital inflows. An appreciation of the rupee, a
slowdown in the consumer goods segment of
industry and infrastructure (both physical and
social) constraints, remained of concern. Raising
growth to double digit will therefore require
additional reforms.

DEA is the nodal agency of the Union Government to formulate and monitor country's economic policies and programmes having a bearing on internal and external aspects of economic management. One of the principal responsibilities of this Department is the preparation of the Union Budget every year ( excluding the Railway Budget). Other main functions include :
formulation and monitoring of economic policies at the macro level inter alia relating to the functioning of Capital Market including Stock Exchanges.
raising of external resources through Official Development Assistance (multilateral and bilateral) and commercial borrowings abroad, foreign investment, husbanding of foreign exchange resources including balance of payment.
production of bank notes and coins of various denominations, postal stationery, postal stamps, etc.
cadre management, career planning and training of the Indian Economic Service (IES).
On the internal front, the cardinal role of DEA relates mainly to formulation of ways and means to raise internal resources through taxation ,market borrowings, regulation of money supply and mobilization of small savings.
ORGANISATIONAL UNITS
Presently, the work of DEA is organised in the following distinct but complementary Divisions/Units ( For Detailed information,click at button) : -
AID, ACCOUNTS & AUDIT DIVISION: This Division is responsible for disbursement of loans and grants from multilateral/ bilateral donor agencies, debt servicing of loans to multilateral/ bilateral donors, accounting of external assistance, export promotion audit and supply of management information to credit Divisions.
ADMINISTRATION DIVISION: All administrative and establishment matters, including protocol, and implementation of Official Language Policy fall within the domain of this Division.
BILATERAL COOPERATION DIVISION : This Division comprises of Colombo Plan, EEC Section, Japan Section and PMU Section. This Division deals with Official Development Assistance from USA and Canada and policy matters relating to exchange control in India.
BUDGET DIVISION: Apart from preparation of Union Budget and other allied issues like market borrowings, accounting and auditing procedures and financial relationship with the State Governments. This Division also deals with mobilization of small savings through the National Savings Organisation (NSO).
CAPITAL MARKET DIVISION: It is primarily responsible for policy issues related to the orderly growth and development of the securities markets (i.e. share, debt and derivatives) and the functioning of Unit Trust of India (UTI) and Securities and Exchange Board of India (SEBI).
ECONOMIC DIVISION : It tenders economic advice to the Government on important policy issues relating to macro management of the economy. All matters connected with Cadre Administration of Indian Economic Service (IES) are handled in IES division.
FINANCE DIVISION: This Division is responsible for tendering of financial advice on all matters involving expenditure of the Department of Economic Affairs and also for preparation of appropriation accounts relating to the grants and appropriations controlled by DEA. The work connected with the Internal Works Study Unit (IWSU) is also handled in this Division.
FOREIGN TRADE DIVISION : This Division renders advice to the Ministry of Commerce, especially from foreign exchange angle, on policies pertaining to Indian foreign trade including matters connected with WTO and various multilateral trade blocks like SAARC, SAFTA, ASEAN etc. Matters connected with CIS countries, Colombo Plan, Indian Aid, African Development Bank and Petroleum (POL) Desk are also handled in this Division.
FUND BANK DIVISION: Matters relating to International Monetary Fund (IMF), International Bank for Reconstruction and Development (IBRD), International Development Asso-ciation (IDA), International Finance Corporation (IFC), Global Environment Facility (GEF) and Multilateral Investment Guarantee Agency (MIGA) are the concern of this Division.
INFRASTRUCTURE DIVISION: Sectoral responsibilities of infrastructure, including Railways, Telecommunications, Roads, Ports, Shipping, Civil Aaviation, Power, Coal, Non-Conventional Energy Resources and Inland Water Transport (IWT) are handled here.

Kalidas Movie Review

Film: Kalidasu (కాళిదాసు)

Cast: Sushanth, Tamanna, Jayasudha, Surekha Vani, Vinod Kumar, Rajan P Dev, Ajay, Tanikella Bharani etc

Music: Chakri

Lyrics: Chandrabose

Camera: Agilan

Editing: Gowtham Raju

Action: Kanal Kannan

Produced by: Chinthalapudi Srinivas Rao and A Naga Susheela

Presented by: Annapoorna Studios

Story, screenplay and directed by: G Ravicharan Reddy

Release Date: April 11, 2008

Movie Rating : 2/5

What's it about!

Kalidasu (Sushant) avenges the death of his father (Nagababu) and runs away to another town and takes shelter in Kanakadurga (Jayasudha) who lives with her son Dev. Kalidasu and Dev bond well. Kali leads life by stealing cars and selling them in the second hand market. He also earns good name in the locality. One day, he finds Archana (Tamanna) in his stolen car. Why does she tuck in his car and how Archana finds love in Kalidasu form rest of the story?

Analysis

Nagarjuna's another nephew Sushanth makes debut with this film. For a debutant, it is a decent project with time-tested formula of revenge and sentiment drama. Sushanth makes confident entry.Although the film is just an okay, you can excuse faults for a debutante's movie. Director Ravi Charan Reddy has played safe game by choosing a very mass masala story that gives him chance to project the hero as down to earth - a trick that has been played several times in South Indian films. The newcomer seems to be more suitable for such characters too than lovestories.
The film emphasizes more on the hero and less on story. It is a regular masala drama but neatly packaged.

Performances

Sushanth is good for his debut movie. He has shown ease in dance. He has long way to go and needs to work more on expressions and diction. Tamanna looks very glamorous. She has gone for complete makeover from her Happy Days, she indulges in skin show. Suneel's presence lifts up the first half. Jayasudha is okay. Vinod Kumar is not that effective as villain but Ajay does his role effortlessly. Kanal Kannan's fights are worth mentioning. Music by Chakri is mediocre.

Bottom-line!
Sushanth makes decent debut. A very formulaic film but okay for a debutante movie.

Baledongalu Review

Movie: Baledongalu ( బలెదొంగలు)
Cast: Tarun, Ileana, Jagapathi Babu,Pradeep Rawat, Brahmanandham and others
Director: Vijay Bhasker
Music: Radhakrishnan
Producer: Belamkonda Suresh
Movie Rating : 2/5

Initially the combination of Ileana and Tarun which was for the first time ignited some interest in the movie and the direction of Vijay Bhasker was an added delight to this movie. Tarun and Vijaya Bhasker previously were coupled to give a hit like “Nuvve Kavali”. But this time the entire combination of the trio could not live up to the expectation. Only it can be termed as an average movie with all the masala stuff included in it.

Story
The story is about two youngsters with the character names of Ram or Romeo and Jyothi or Juliet. These two characters are played by Tarun and Ileana. These two youngsters run away from their respective homes located near Vishakapatnam. Tarun runs away from his dwelling as he is forced to work by his father Chandramohan in a paper mill. Ileana on the other hand unable to bear the emotional blackmail of her grandmother Annapurna to marry decides to leave her home. She has a dream to become a top model in the advertising field.Fortunately the hero and the heroine board the same train and land up in the railway station of Vishakapatnam. As expected they two meet each other and since they are penniless, but filled with the energy to fulfill their dreams; start to cheat some innocent people. And to their luck they succeed in piling up a good amount. Soon they get the thought to continue this job and depart to Hyderabad together.When Tarun and Ileana land in Hyderabad, they fool Dharmavarapu subramanyam who is an owner of a famous electronic showroom and succeed in fetching some goods worth 10 lakhs and make a run with them.Tarun to full fill Ileana’s dreams compels her to make herself enroll in a Mumbai advertising agency. But the heroine has another plan and wants to stay with Tarun.Meanwhile, they see an AD in a newspaper that a poor girl needs some medical held and needs money for the treatment. This girl happens to be the same one whom the two met in the journey to Hyderabad.So, Ileana and Tarun decide to help the child and offer 3 lakhs for her treatment initially. But still a deficit of 6 lakhs haunts them.Then the entry of the villain in the disguise of Pradeep Rawat takes place. He is the actual owner of the electronic showroom which was robbed by Tarun and Ileana. He is after the couple and the couple runs away from him.Then comes the entry of DCP Yugandhar which is the character played by Jagapathi Babu. And he is the man who is appointed to hunt for the pair of Romeo and Juliet.The rest of the story is about the chase and blah bah and blah. All ends happily at the end.
Performances
Tarun as usual gave his 100% for this movie. He played the character of Ram –Romeo perfectly.Ileana does her job very perfectly. But still she has to improve in the department of dialogue delivery coupled with expressions. Her costumes and skin show are average.Jagapathi babu plays the character of the police office very well. His body seems to be well toned to match the body of a police officer.Pradeep rawat’s character as a villain is well carved. But still Pradeep must improve his dialogue delivery. Especially in some angry scenes.Charmy, the item girl of this film is perfect for the small role. Her boobs seem to be juicy and her thighs are relishing in the revealing costumes. On the whole with a heavy bosom and perfect shaped hips & thighs make her too hot.
The comedy track is well managed by Brahmanandham, Ms Narayana, and sunil and Venu Madhav.The first half of the movie seems to be well portrayed. But the second half looks little but dragging.On the whole the movie is worth watching once. From the respite of summer and due to the air conditioning of theaters, this film is sure to draw the mass crowds more.Coming to its fate, if this movie can make it to 50 days it is applaud able