Tuesday, August 23, 2011

Jan Lokpal Bill - What is it and Why we need it?

Anna Hazare, who created a storm in India by fasting unto death in support of the Jan Lokpal Bill, received massive support from all over India and world. People from all sectors and age have come forward for his support and has shown the world when it comes to saving India we are one. Not everyone knows much about the Jan Lokpal bill, so we are trying to explain this in simple words,

What is  Jan Lokpal Bill?
The Jan Lokpal Bill (Citizen's ombudsman bill) is a draft anti-corruption bill drawn up by prominent civil society activists seeking the appointment of a Jan Lokpal, an independent body that would investigate corruption cases, complete the investigation within a year and envisages trial in the case getting over in the next one year.

Sunday, August 7, 2011

US downgraded by S&P, What it means to you?

The credit rating agency S&P on Friday lowered the nation's AAA rating for the first time since granting it in 1917. The move came less than a week after a gridlocked Congress finally agreed to spending cuts that would reduce the debt by more than $2 trillion. The promised cuts were not enough to satisfy S&P.

The biggest questions after the downgrade was what impact it would have on already nervous investors. While the downgrade was not a surprise, some selling is expected when stock trading resumes Monday morning across all markets. Following are the possible impacts of S&P down grade.