Stock Markets down - Blame it on the 'Bronze Bull'

At Bombay Stock Exchange (BSE), a five-foot-tall bull statue made of Bronze was installed on January 12, 2008 & ironically that day has coincided with a bearish wave sweeping across the world in the stock markets & many people in India have lost considerable amount of money due to downturn in the Stock markets.

Now call it superstition or blind faith, Brokers at BSE are of the opinion that this Bronze bull statue's position or the direction of its raging glance is inauspicious & the bull idol has to be moved if buoyancy has to return to the stock markets.

So the real bulls inside the Bombay stock exchange are now blaming it on their bronze counterpart just outside the BSE Gate 2, the eastern entrance of the Bombay Stock Exchange, for all the bear-inspired troubles in the past two weeks. “Get him to look at us (change it's direction) and all will be well,” they seem to say.

Interestingly, the BSE management has seen sense in the argument and consulted religious pundits dealing with the question. “BSE has consulted a Vaastu expert who has suggested a change in the bull’s direction,” an exchange official told ET. BSE has also applied to civic authorities for permission to relocate the idol and the municipal corporation has said it has no objection to it, official sources said. Read more....................................BSE brokers blame bull vaastu for bear maul

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One in seven people go to bed hungry,every day in India

Today, India's benchmark Bombay Stock Excahnge Index ( BSE) crossed 19,000 & it is daily making new high records. India may be the second fastest growing economy in the world but it still has a long way to go in eradicating hunger where it is ranked at 94th position well behind neighbouring China and Pakistan, a global report says.

According to the latest Global Hunger Index 2007 from International Food Policy Research Institute (IFPRI), although India has improved its score of 25.03 on the index compared to 33.73 in 1990, it is lagging behind China and Pakistan ranked at 47th and 88th positions, out of the total list 118 countries, respectively.

The index is mainly based on proportion of undernourished in the population, prevalence of underweight in children under five years and those under-five mortality rate.

"One in seven people go to bed hungry every day. That's 854 million people worldwide. Hunger is one of the world's major problems and therefore one of its most important challenges," say the report's authors.


Link: Resurgent India goes to bed hungry

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