Interesting for investors: Positive signals from India

India - Head of government Modi consistently pursues reform policy with new budget

Finance Minister Arun Jaitley, a close confidant of Modi presented the government's budget for 2015/16 at the end of February. Known in India as the "Union Budget," the draft budget covers India's fiscal year from April 1 to March 31.

With the key points of the current government program, Modi is continuing the reform course he has initiated. Although the Indian state will invest massively in the country's ailing infrastructure, the budget was unusually slim. The federal government's planned spending is equivalent to just 12.6 percent of economic output, compared with 15.8 percent in 2009/10 and as much as 17.3 percent in 1990/91.

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This reflects in part Modi's pursuit of dismantling the previously extremely centralized, Delhi-oriented administrative apparatus. In the eyes of most investors, these problems were "homemade" and not the result of deficient laws, reforms, etc.. There was merely a lack of efficient implementation of the same.

In addition, Modi has signaled his intention to make significantly more funds available to the states. This is helpful in pushing through the planned harmonization of India's value-added tax. To date, India has not been a de facto unified economic area due to complex regional tax structures. The reform of the value-added tax is expected to significantly facilitate the intra-Indian exchange of goods and services and thus boost the economy.

At the budget presentation, Finance Minister Jaitley also announced a reduction in corporate taxation from 30 to 25 percent within four years, the privatization of state-owned enterprises and an expansion of social security systems.  

Overall, the economic and political environment in India is currently positive and should continue to boost the country's stock markets. Modi, who has strong popular support beyond Delhi, has governed competently, pragmatically and reform-mindedly in his first year in office. Driven by lower oil prices, inflation is falling - which could give the central bank leeway for further interest rate cuts for taders in metatrader 4 exness. The chronic budget deficit persists, but it is by no means out of control.

The Reserve Bank of India's (RBI) foreign exchange reserves stood at $334 billion at the end of February, higher than ever. In the coming fiscal year, India is expected to grow 8.0 to 8.5 percent, not only faster than archrival China, but more dynamically than many of the world's other major economies. By 2030, India's population is expected to increase by a quarter of a billion people. A large proportion should be significantly wealthier than today. It's no wonder that a lot of money from abroad is already heading for India - one of the reasons for the strength of the national currency, the rupee.

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Conclusion

The ongoing positive developments in the country since the change of government, combined with the recent correction of the financial markets there, should make one or the other investor think about entering this long-term growth market.  

TCM believes sour tasting foods retain the Qi energy in the lungs whereas spicy foods dispel it. So as a general rule, in the autumn, you should go for sour in preference to spicy foods. Here are a couple of recipes for you to try in this season.
RICE WINE
Traditionally around September 8, the solar calendar point termed ‘White Dew’, Chinese families start making rice wine. This slightly sweet beverage is used to warm the body and to add its delicious flavour in chicken dishes and soups. It is also commonly used to add to the sweet soup that accompanies mochi rice balls. I use the Shanghai Brewer’s Biscuits (‘ Shanghai Jiu Bing Wan’ 上海酒饼丸). They are inexpensive and can be found in Chinatown in London.
1kg glutinous rice
2 Shanghai brewer’s biscuits
500ml water, boiled then allowed to cool

  • Wash and soak the rice over night.
  • Next day, steam the rice over a large muslin cloth till cooked and soft.
  • Carefully add the 500ml water into the rice, place the whole in a very clean urn and leave to cool further.
  • Crush the brewer’s yeast biscuits over the rice and press down on the rice.
  • Create a little ‘well’ in the middle of the rice, cover the urn with clingfilm and put the urn’s lid on tightly.
  • Allow it to work its magic in 2-3 days in a warm place like an airing cupboard. The fermentation process needs to be allowed to occur uninterrupted, so resist any temptation to open the urn to check on progress. A yoghurt maker or an instant pot with yoghurt making function would be perfect for this mixture at a constant 30°C .
  • When the precious wine liquid can be seen gathering in the ‘well’ is when your rice wine is ready.
  • Finally, keep the resulting home-made wine in the fridge, for drinking later or for use in cooking.

“Shanghai Brewer’s Biscuits”

teanamu chaya teahouse yeast for rice wine
CHICKEN, TOFU AND EGGPLANT HOTPOT
2-3 medium-size aubergines
450g chicken breast or thigh (skin on)
1 tsp fish sauce
1 box soft tofu
2 garlic cloves, chopped
3 salted duck eggs, boiled
2 tsp cooking oil
1 tbsp dark soy sauce
300ml chicken stock
1 tsp corn starch dissolved in 3 tsp water
1 spring onion, sliced

  • Dice the chicken and marinate in a splash of soy sauce, Chinese rice wine, cornstarch and white pepper.
  • Remove the duck egg yolk and roughly chop the egg white.
  • Dice the aubergines into cubes.
  • In a hot wok or frying pan, add 1 tsp cooking oil till smoking hot and fry the aubergine.
  • Add the garlic and fry.
  • Add a teaspoon or two of water to help cook the aubergine.
  • When the aubergine is soft and cooked, remove from wok and set aside.
  • In the same wok, add the remaining oil and fry the chicken pieces till light golden brown.
  • Add the egg white and yolk and the fish sauce and fry with the chicken till fragrant.
  • In a clay pot, add the tofu, aubergine, chicken cubes, chicken stock and all the rest of seasonings.
  • Bring to a boil for 5 minutes.
  • Add the cornstarch water to thicken the sauce.
  • Serve hot, topped with some sliced spring onions and a drizzle of glutinous rice wine.

DAIKON AND GREEN TEA BROTH
Mooli is slightly spicy. In TCM terms it has a ‘cooling’ nature. Cooking it brings out its sweetness, which helps your body to retain moisture and relieve excess internal heat. This is considered a way of nourishing your lungs.
100g grated mooli
3g Miya Senchagreen tea leaves
200ml water (for brewing the tea)
salt to taste

  • Add the mooli into a pot and add just barely enough water to cover.
  • Bring to a boil and cook till soft.
  • Season with salt.
  • Separately, brew the green tea.
  • Pour the tea on to the mooli to make this interesting and nutritious soup.

Here are a few acupuncture points you can give some TLCs for a more comfortable autumn.
FRAGRANT TEA STEAM FOR LUNGS

  • Choose a fragrant tea, if you can, like Lishan Oolong , or an mellow aromatic one like Emperor Pu Erh 1998 Vintage .
  • Add freshly boiled water to 2 or 3 grams of tea leaves in a small cereal bowl.
  • Position your face over the bowl and let yourself breathe in the steam.
  • Use your hands on the edge of the bowl to keep too much steam from escaping.
  • Enjoy this experience for 10 minutes, then you can sit up and drink the tea!
  • Don’t forget, with a good quality tea, you can keep adding more hot water and brew the tea again and again.

WARM EXTREMITIES
If you tend to have cold hands and feet all year round, there may be a blockage preventing the free flow of Qi energy in your body. For a simple way to improve this flow:

  • Fill a muslin bag, no bigger then the palm of your hand, with some unrefined rock salt.
  • Warm the bag in a microwave.
  • Lie down on your front comfortably and place the warm muslin bag on your ‘ Da Zui’ (大椎) acupuncture point. This acupuncture point is the slightly protuberant vertebra just below the back of the neck.
  • Do this as often as you can, ideally every day.
  • You can also aim the hot water flow at the same acupuncture point when you’re in the shower.

FOOT SOAK BEFORE BEDTIME
Traditional Chinese doctors believe that cold air enters the body via the feet. Hence, they encourage you to bathe your feet in warm water.

  • Soak your feet in a barely warm water.
  • Then do is very gradually add hotter water.
  • When the first drop of perspiration appears on the tip of your nose, drain away the hot water and massage your feet dry.
  • Then lie in bed with the soles of your feet facing each other.
  • Do this in as relaxed a way as you can, staying in that position for about 10 minutes.
  • This will allow your Qi energy to flow more freely via the acupuncture point that affects the kidneys.
  • After that, let yourself enjoy a night of blissful rest.

RELIEF FOR DRY COUGH
Giving TLC to your ‘ Tai Yuan ’ (太渊穴) acupuncture point is a particularly good way to relieve a dry or tickly cough.

  • The ‘ Tai Yuan’ acupuncture point is located on the underside of the wrist, below the thumb.
  • Gently massage it 10 times in a clockwise direction.
  • Then massage it 10 times anti-clockwise.
  • Do this three times.
  • Repeat daily or whenever you can.

LET’S GO PICK SOME TEAS