Happy Bakrid to all those celebrate it.
Here is our link for today: http://indiancurrentaffairs.blogspot.com/2009/11/28112009.html
In today's briefing:
1. It's Dubai, Dubai and Dubai for us today. Yesterday, while making the notes, we were shocked to know the developments happening in Dubai and stayed glued to the story to get a feel. So, there was no notes for yesterday. What we noted yesterday on subject became part of today's notes.
2. Looks like there is nothing much to fear from Dubai's crisis for now. The action is temporarily on hold; at least till December 14, when Nakheel's fate would be decided. Along with its fate, it will decide too about Dubai's fate to a large extent. But the sailing is expected to be smooth with Abu Dhabi coming to its rescue. But let's wait and see.
3. In the mean time our banks -- thanks to the tighter regulation by RBI -- are reporting that they do not have much of an exposure to Dubai. That gives lot of comfort. Let's wait and see for further developments in the coming days.
4. Why is the government thinking of infusing more money into our banks?
5. Ever heard of 'trail risk'? In banking parlance.
6. India too catches up with US and China and announces voluntary emission cuts on the eve of the Copenhagen meet.
7. Language lessons: sherry, port, aperitif, easel.
That's it for today. Happy reading.
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