Sensex falls for 3rd day on reform concerns, weak Asian cues

Erasing initial gains, the BSE index Sensex fell for the third day today losing 28 points on concerns over the government's ability to push through reforms and weak global cues. After a volatile trade, the 30-share barometer closed lower by 27.77 points, or 0.16 per cent, to 17,145.52 points.

The benchmark index had lost 464 points in the last two trading sessions. The gauge touched a high of 17,239.35 points and also fell to the day's low of 17,008.77 points as foreign funds remained on the sidelines on reform concerns, brokers said. The broad-based National Stock Exchange index Nifty fell by 1.95 points to 5,220.45, after moving between 5,243.85 and 5,171.45. Market major Reliance Industries fell by further by 1.94 per cent to Rs 761.35 followed by a loss of 2.68 per cent yesterday, pulling the Sensex down.

Brokers said the falling trend was partly checked on higher opening in European stocks and a gain in the second most heaviest on the Sensex Infosys, which closed up 1.07 per cent at Rs 2,879.60. They said every rise in the market was encashed by speculators amid investors and major market players looking to the upcoming budget on March 16.

UPA FAILURE

The fundamental cause of UPA-1 and UPA-2’s failures is that Sonia Gandhi kept charge of politics while leaving government to Manmohan Singh.

Since cabinet ministers owed their jobs to Sonia Gandhi or were — like Sharad Pawar — laws unto themselves, the prime minister had no control over government or decision making. If Manmohan Singh had vision, it could not be translated into policy. He tried to operate via the bureaucracy but faced impenetrable political walls. Example: the 2G scam.

its rockin both s.r.k I LOVE YOU checkid out!!!!!!!!!!!: Management flaws of UPA

its rockin both s.r.k I LOVE YOU checkid out!!!!!!!!!!!: Management flaws of UPA: management lessons have a comprehensive appeal worldwide. Not corporate alone but any other form of organizations, even the governments ca...

Management flaws of UPA

management lessons have a comprehensive appeal worldwide. Not corporate alone but any other form of organizations, even the governments can benefit from these lesson if properly implement. UPA government surrounded with issues such as a series of corruption scams, black money, cash-for-votes scam, increasing public unrest etc, should learn some of these lessons to introspect and make corrective steps. Here is a list of some of the major management flaws of the ruling UPA government.

Failure to Weed out the Bad Ones

Manmohan Singh's credibility is beyond reproach, but his cabinet is suffering from widespread corruptions and the government is hunting in the dark for ideas to meet the challenges. These are not just mere scams, but they raise a lot of questions on government's inability to manage the crises. The recent Adarsh Housing scam, Commonwealth Games and the 2G spectrum scam pushed Congress party in much deeper soup. From opposition parties to the tax payers, all expressed their discontent over government's opaque attitude regarding the scams. The high demands for scrutinizing the scams were not unwarranted. The failure to be open about the scams led to a stalled parliament and also portrayed Manmohan Singh the meekest and the weakest Prime Minister India ever had, partially for no reason of his own but of his co-ministers. A leader should be extra careful while framing his team structure. It is at times important to take certain unconventional decisions, knowing very well that it may raise a lot fingers. The manager should be bold enough to frame a team that will work as per his goals. His attitude towards his team mates should not be biased. Members not fitting the team should be thrown out at the earliest.