Reasons

Reasons why the state police are unable to tackle terrorism are many : Terrorism is borderless, professional , and conducted by highly motivated cadres. On the other hand , state police units are fragmented , largely inefficient , slow to react, badly trained and highly politicised. 1:-Manipur, a tiny state, is home of 35 insurgent groups. 2:-150-165 district’s in almost 14 state to Maoists. 3:-UK has six national police forces like SOCA and SCDEA to fight organised crime. 4:-Bengal famine, which claimed more than 1.5 million lives, 5:-Ken Haywood,an employee of Navi Mumbai based IT firm Campbell White. 6:-Gopal Srinivasan and TK Balaji ,two directors of TVS motor company have resigned from board of company. 7:-Berger paints acquires Polish BOLISK SA from a global private equity fund on 18-08-

2008. Bolisk a leading provider of external insulation finishing system(EIFS). Berger chairmanBerger director act as

K S Dhingra . -

Gerald Adams ,,,would chairm

an of Bolix. ICICI Bank managing - K V Kamath Director and CEO SBI Chairman

- O P Bhatt

Dunlop chairman -

Pawan Kumar Ruia.

Ministry’s chief economic - Arvind Virmani Advisor Aditya ghosh new IndiGo president as chief Bruce Ashby quits. IndiGo co-founders Rakesh Gangwal and Rahul Bhatia. RBI had hiked CRR for the fourth time and repo rate third time during the current fiscal. After hiking prime lending rate of most of the banks went up to 14%. HSBC estimate this year’s fiscal shortfall at 3.5 % of GDP, compared with a gov. Estimate of 2.5%.

ANATOMY OF A CRISIS The origins of today Bank’s crises can be traced back to mid-2007 when there things became clear. 1.Low income or sub-prime US households that had borrowed heavily from banks and finance companies to buy homes were defaulting heavily on their debt obligations. 2.The size of this sub-prime housing loan market was huge at about $1.4 trillion. 3.Wall Street’s financial engineers had packaged these loans into really complicated financial instruments called CDOs {collateralized debt obligations}. Americans and European banks had invested heavily in these products. However no amount of financial engineering could protect investors from one simple and irrefutable principle –if these housing loans turned “bad”, the instruments that were based on these loans would lose value.CDO

prices started plummeting as defaults on US home loans rose. Falling prices dented banks ‘investment portfolios and these losses destroyed banks capital’.