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Time to fast-pace the logistics sector Murugappa- a year of consolidation The new look- 4s Verna TII’s single largest investment at Thiruthani Sun Edison launches solar pumps Reality bytes Illicit markets a concern to growing economy Need to focus on ease of doing business... Rating of states to be released soon Big-ticket investments march towards Punjab More gensets and diesel engines from TAFE Indian Bank – global businesses crosses Rs 3 lakh crore... Steel loses its sheen IFCI to raise NCDs upto Rs 2000 crore Realty sector takes a break... Chennai will soon get its World Trade Centre Connecting the unconnected Changing dynamics in human resource management Economic, business and social sustainability Chola MS launches motor app Apple maps – finding its way TN budget pragmatic and moderate on fiscal deficit CUB: towards card-less withdrawal ALL to launch electric busses TOP 10 CEO Compensation Schwing Stetter India joins hands with US-based Gomaco Climate change may change the way businesses work... ALL-two launches in a row - Tata Steel commence operations at Kalinganagar Economic issues take a back seat at G20 summit Veritas Finance- financing the unfinanced When Centre visits the state Housing Innovation Challenge, 2015 Pharma market dozes Waste, a gold mine Brand leaders come forward... Placing the right shoe forward... Chennai to get a roundabout Metro On the ‘milky’ way Durga - India’s largest blast furnace; now operational WABCO’s second Chennai plant A global plastic event in India Carrefour’s quick exit AirAsia India infuses funds to fight out competition Focus on self-certification and third party inspection Downsizing spree... Celebration time at MS Chola Purdue and IIT-M sign the dotted line Techies trip to India ALL – truck industry is recovering from degrowth Bridging the skill deficit in pharma industry Scoot offers just Rs.13,500 to ANZ... Industry-well poised to invest on expansion World labour laws at a glance OBO Bettermann for better lightning protection Chennai Port is at last decongested! Hyundai excites again Striking cords for 25 years… Applauding enterprise... TII-challenging year with flat growth Research needs more funding Three more leather clusters… Hero Motocorp - smooth ride TiE applauds innovative entrepreneurs Ridley marathon to India ISRO's 100th mission Investor friendly Japan LVB gears to become a financial supermarket European crisis is a global crisis! Auto test tracks launched at GARC Oragadam campus Is Indian telecom industry heading for a monopoly? BRICS development bank SumInfra- corridor based development... ECGC expands operations Nigeria comes nearer TCS’ revenues cross Rs 100,000 crore Nothing to hide... Chola MS net crosses 100 crores Creating Tamil Nadu Banana brand Smart controls for cooling large multi-zone spaces ... Strategy war escalates between Hero and Honda Secured NCDs from Shriram City STFC raises money Adding Zest to Scooty Business Briefs Make way for the new and dynamic railways Automotive Vision Plan II... Towards peace of mind Curbing steel imports will hurt small business... Indigo stays leader with 40 per cent share Business Breif Four daughters and a proud father Realising double digit growth in Tamil Nadu Celebrating 180 years of relevance Holiday Inn opens in OMR Chennai Flexible labour laws… Airlines wage price war Backpack laboratory Inclusive and forward moving... Innovation that helped Chennai port Dynamic e-commerce scenario People Flow Day- Safety Well-refined – RIL’s refinery margins zoom Gem of social service... TVS Logistics – another acquisition to sharpen the business model Blue Star plans a new plant in south Digital retail transactions stabilise at higher level… An American alliance in the chemical industry? An aerospace-defence cluster in Tamil Nadu…
 
European crisis is a global crisis!

“When Argentina and Chile underwent crisis, it was termed as Latin American crisis. When Thailand and its neighbouring countries underwent the same, it was termed as Asian crisis. But when countries like Spain, Portugal and Greece undergo crisis, it is called as global financial crisis. The Europeans have the knack of calling their own crisis as a global one,” said Dr R Vaidyanathan, Professor of Finance and Control, IIM-Bengaluru.

Addressing a Hindustan Chamber of Commerce’s Economic Lecture series, Vaidyanathan stated that European countries are terming their conflicts as a global one for the past 50 years. Huge amount of debts procured by all these countries were cited as the major reason for the meltdown. Overall debt percentage to GDP in Spain, France and Italy is over 300 per cent, while  Britain’s is approximately 500 per cent. Crisis occurs when borrowing goes beyond a point. In all these countries, people are not worried about savings, but about consumption. Household debt percentage in all these countries is in the range of 80-100 per cent. In contrast, Brazil, India and Russia have the lowest household debt percentage of 0-20 per cent.

Vaidyanathan said: “50 per cent of youngsters in Spain are jobless, mainly due to lack of skillset, followed by Greece with 48 per cent, Portugal and Italy with 30 per cent and Britain with 22.3 per cent.”

On India, Vaidyanathan said that growth of Indian GDP is majorly driven by unorganised businesses. The presence of so many unorganised businesses will probably be integrated through the launch of MUDRA Bank announced in the recent budget.

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