Fundoo Fundaes

What will the raising of fees in public institutions cost us?

Dear XXXX,

As it is, ‘good’ education in India is reserved for rich parent’s kids – kindergarten upward. It is a policy to make sure that the relatively stupid offspring of better off parents corner the better paying jobs in the country.

International experience suggests that the lower middle class and poor sections of society do not like to take loans or even avail of merit scholarships.

Six world leaders hold an emergency summit at the Austrian Ski town to tackle an imminent economic meltdown.

Six world leaders hold an emergency summit at the Austrian ski town, Kitzbuhel, to discuss how the ISIS crisis, oil, commodities and China’s slowdown could drown the world in 2016 unless they jointly did something. They ended up merely sharing some data to justify what each one was up to. The Indian PM Modi, on his way back gets his advisor to explain to journalists on board his aircraft, what all that data that he got at the summit, really means for the world and to India in particular. 2016 will be a tough and volatile year, in which oil prices will drop further. At some point however, oil price will creep up. Some parts of the world would be worse off than last year, especially OPEC, Russia, etc. Disturbances would affect Latin America. The ME could be a tinderbox that could send oil prices up again. China will be in transition, not likely to lose its global market share but some domestic market ‘explosions’ will keep China in the news and the global stock markets on tenterhooks. This will affect India’s bourses as well despite the Indian economy pulling upwards because FDI starts finally kicking in, inflation remains under control and fortunately, decent monsoons and low oil prices help Modi to keep the GDP a little above the 2015 rate despite fall in exports. Who will the winners and losers be? Will speculators exploit the vulnerability of the situation to trigger a crisis? Read on for more.