My solution to RECESSION

Again this post is all about economics. True economic interested people try to go till the bottom of this post. Here I come with a solution for the current economic problem. I first assume that all reading this post know the current economic condition. For the one who does not know, here it is

Now the world economy is facing a problem called RECESSION. What is this RECESSION? Might be your next question, I will say you. No economy in this world is static, means every economy is growing. Of course growth rate differs from economy to economy, to make very simply, growth rate differs from country to country according to their policy and political moves.

We must also know one thing that is; no country in the world is self sufficient. We always depend on others for some reasons are for other. Reasons may be anything, food, clothing, defense, etc. but we depend.

Now I suppose you learnt what recession is. Recession may occur to own country, are to all the countries in the world, are to major economic players. If one single nation faces this recession, major economies can join together to bring the nation out, are the nation by itself by formulating its own economic policies can come out of recession.

What will happen if all the countries in this world get affected because of this economic shut down, in other words known as recession? This is the real situation in this world now. No economy is growing at a required rate.
The growth rate is negative are in decimal points. Really problematic. You may ask what if all the nations grow slowly? What if a child who is 10 yrs old has the brain of 1 yr old kid? Problems right? That is what will happen if the countries grow slow.

Here I have a solution to this recession. This recession is because there is no money in the hands of business men and people who want to invest money in some assets. Then where is all the money? It’s with banks and other financial institutions.

I would suggest banks to lend money to promising business men at a low rate of interest, so that, they will eagerly get money, develop their business, give employment and circulate money in the hands of needed.
As the interest rates are low, the business people will show more interest in expansion of business and with that expansion and all upgrading stuff, they will earn profits, out of which they will be bound to pay the interest and amount borrowed.

Simple is it not? Yeah it is. Now what we need to do is circulate money, spend. With an simple example, if A is a person who is earning 1000$ and if he had been saving 100$ all these days, he must start saving 50$ and start spending all the amount.
in other words cut down your saving to half, spend all the money circulate money, make money available in the hands of all, and problem is solved. You may question me, what if the business men are not able to make profit? There are chances for heavy loss. However , a promising business man who has really good projects with him wont fail. How to find if he is capable business man? Very simple, all these days banks where giving loans, just after getting and having a over view on the projects submitted by business persons. From now on start scrutinizing the projects with almost care and give loans.

Thus my solution to this problem is spend, spend, spend. Circulate money. Make money available to all than having it yourself without any outcome.

A Global Economic MELTDOWN

A global economic meltdown-IT's biggest problem

A global economic meltdown has taken its way in the sectors of Information Technology and Banking. With the Pink slip being given to all the employees the IT is in great trouble. With the great fall in IT all the it has a cascading effect in all sectors.

With this rumors of Pink slip should an employee get out and find a new job are wait till he gets a layoff? This is the biggest doubt in the minds of employees in IT sector. Every one is now listening to the stories of layoff and forced resignation

One IT company has sacked 1000 of its employees during its annual appraisal.some one say more than 400 jobs have been lost in the past two months.A fine morning if am employee enters his office he is not sure completing his working hours.Two options which the company gives now a days is get out are we will send you out.

Even some of the employees are going early to the office to show as if they are working hard for the company so that he can prevent his job.Its more wise to marry some one in another profession than marrying a techie.Money which earned may be there but the jobs they feel.Every small time they get, they talk about lay off are forced resignation.

Its no more a cakewalk for the students of IT.The lucky once who get into the best institutions in the country dose not seam to have a big problems, but those who are in second are third rated institutions are now a days in a hectic trouble. "The companies are still coming for campus interviews", is just to maintain their brand image and nothing else. The number of candidates being selected has gone down.

Banking sector which were giving fun trips has stopped their credits.Even the companies have stopped their foreign trips are holding them back." Those who were spending Rs.200,000 for holiday is now spending not even Rs.50,000" says shrimathy of the World Travel Club.

Most of the IT employees are a part of equal monthly installments. The problem here is weather they will be in a position to pay their monthly installments if they wont what will be their condition??? Those who were spending a lot,have cut down their expense to a greater level.

Since the global economic meltdown has started, both IT and banking is suffering a lot. With this level of recession in economy,will take much time to recover as it already existed.The worse part of it, is for the students who had taken the course of computer science in second and third rated institutions and universities.Being knowledgeable person does not fetch any job,because of
the cascading effect of "GLOBAL ECONOMIC MELTDOWN..."