The RBI is scheduled to come out with mid-quarterly review of the policy on 16th June. The policy initiatives, however, will have to be taken with a view to containing inflation without sacrificing growth, which has started showing signs of a slowdown
Bangalore: Ahead of its mid-quarterly policy review, the Reserve Bank of India (RBI) on Monday said it is monitoring the economic data and also the liquidity situation, and would take a forward-looking view while deciding on the policy action, reports PTI.
“We would monitor various data...and take a forward- looking view and take action,” RBI deputy governor Shyamala Gopinath told reporters here when asked how the central bank plans to arrest the economic slowdown.
The central bank has raised key policy rates nine times since March 2010 to check inflation, which is hovering above 8%, much above the comfort level of 5%-6%.
The RBI is scheduled to come out with mid-quarterly review of the policy on 16th June. The policy initiatives, however, will have to be taken with a view to containing inflation without sacrificing growth, which has started showing signs of a slowdown.
India’s economic growth during January-March quarter of 2010-11 slowed down to 7.8% from 9.4% during the corresponding period the previous fiscal.
The gross domestic product (GDP) growth rate this fiscal is expected to moderate to about 8%-8.5% as against the original estimate of 9%.
Referring to the issue of liquidity, Ms Gopinath said there was no shortage of funds in the system.
“We are closely monitoring the liquidity situation. We are aware that the market is in repo mode, they are borrowing from us and that is something in line with our monetary stance,” she said.
The RBI, Ms Gopinath added, “does not see much of a stress in the call rates... the short term rates, but we are closely monitoring the situation. We are aware that advance tax payment will start a week later. We invariably monitor the situation.”
On capital inflows, Ms Gopinath said there was nothing that the central bank was “really concerned about”, especially with regard to stability on the external front.
As a matter of policy, she said, foreign direct investment (FDI) was welcome into the country.
Experian Business Information Reports will enable Indian credit insurance agencies, exporters, importers, banks and other organisations involved in cross-border business to understand more about their trade partners, for example, their financial stability and credit worthiness
Mumbai: Global information services company Experian on Monday announced the launch of its Business Information Services in India. Experian will provide international business information reports on businesses from 200 countries to Indian businesses and banks, reports PTI.
Experian Business Information Reports will enable Indian credit insurance agencies, exporters, importers, banks and other organisations involved in cross-border business to understand more about their trade partners, for example, their financial stability and credit worthiness, the press release said.
As the global leader in information services, Experian is in a unique position to provide accurate and comprehensive business information reports providing incorporation details, line of business, financial statements, adverse data (court rulings, winding up petitions), credit history, payment performance and management history.
This information is refreshed on a daily basis and includes key markets such as the US, UK, Brazil, China and Singapore.
The report also includes a credit score indicating the credit worthiness of each business.
Where permitted, Experian reports combine business information with credit bureau data in most international markets where Experian is present. Inclusion of bureau information is vital for decision-making especially in markets where financials are not available due to local regulatory environment, the release said.
Experian Business Information Services India’s managing director, Navin Chandani, said, “The launch of Experian Business Information Services in India further emphasises our commitment of providing world-class data and analytics to Indian businesses.”
The Dirt Devil Vacuum Cleaners TV commercial is a good example of an ad that satisfies the three most important criteria of good advertising
Since I review ads, and also speak on occasion as a guest at communication and management schools, quite a few students often ask me this question: So then, what really is a good ad?
Perhaps the best way to answer that question is through an advertisement. There have been many great ads over many years, and some of them have become legendary. Nike, Chivas, The Economist, Avis, Volkswagen Beetle come to mind immediately. But today, I will use a contemporary ad to define what I consider to be a good ad.
Here's a commercial for Dirt Devil Vacuum Cleaners. Who would imagine such a boring product can inspire brilliant communication? Well, guess that's what makes this ad even more special. And the reason it works for me, is because it satisfies the three most important criteria of good advertising.
1. It's a surprising solution
We must never forget that a huge mass of TV viewing public essentially considers ads to be a necessary interruption, a chance to visit the loo. And to keep them rooted to their seats, it becomes the job of the advertiser to surprise them with unexpected ideas. This is the fundamental truth of advertising, which we often tend to forget. "Exorcism for a bloody vacuum cleaner? Wow, this I gotta see!" This is truly a surprising solution.
2. It's a relevant link
The surprise factor is of no use if the dots don't connect to the brand. And the viewer is left dazed and confused. Irrelevant surprises are a complete waste in the ad biz. There has to be method in the madness; advertising is a commercial art and not an abstract one. Also, the surprise must be germane to the brand positioning and the benefit it offers. And exorcism in this case works for the vacuum cleaner perfectly. And it makes a rather mundane product come alive.
3. It's a delightful idea
Most brand managers ignore one basic tenet of advertising: We must always entertain the viewers. Boredom means instant death for the brand in the consumer's mind. No one wants to buy from bores. We must reward the viewer for spending those precious 30 seconds with us. Advertisers seem to be so full of themselves and their brands, they forget this important truth. The treatment of a horror film takes this ad to that level. It ceases to be just an ad, it becomes a part of the TV programming. In fact, better than it! Dirt Devil has scored on this factor too, and viewers would enjoy watching this ad repeatedly, rather than cursing every time it comes on.
The other factors are more obvious. Sure, the positioning, the execution, the media mix, etc, have to be right. But I believe if you take care of the Big 3, chances are your ad will shine.