Recession everywhere ..
It all started in October -08, when there was news of Lehman Bros going bankrupt, and the effect was shown here in terms of pink slips in finance sector (off late it is becoming part and parcel of all industries) . I also remember when I went to ICICI ATM, that eve (actually around 11.30pm), and witnessing people forming queue who were not allowed to withdraw their own hard earned money from their savings account . Wat a plight!!!!!!!!
Then slowly terms like Global Meltdown, pink slips, recruitment freeze, no openings, pay cuts, pay holds, reduction in variable compensation occupied the space in every corner of websites and newspapers.
Now that US elections are over and Obama taking oath as a new President, lets hope to have some good projects coming to India and have smiles back on our faces ..
As they say, let's have mercy of our
Note: - This was only an attempt to write about prevailing market situation.
May God bless us all with happiness and prosperity ..
Many people loosing jobs everyday, Hope this get’’s over fast.
True about mai baap
But the ICICI thing was rumor, the bank is pretty strong. And I agree with others that you say… Let us hope for the best! (Rahul)