My view that a slowdown in the US would actually benefit the Indian outsourcing market has been endorsed by Mr. Narayanamurthy. A report by Standard & Poor also states that India & Korea will not be affected by the slowdown.
Yesterday, the RBI decided to leave a status quo on interest rates despite expectations of a 25 basis points cut. RBI expects the banks to lower the rates themselves rather than wait for RBI to do it.
Another of my view about ever increasing salaries seems to be coming true. TCS has decided to reduce its staff salaries. They have made an across the board reduction in variable pay linked to company performance of 1.5%. It is against economics to see everincreasing salaries in India. At some stage we are bound to lose the competitiveness.
My blog will mostly discuss matters related to finance, economics, statistics and training. I work for a financial training institute and have experience in development of financial software. My views would generally by shaped by my past experiences. Students of finance could find something interesting.
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About Me
- Akbar Khan
- Financial Analyst with rich experience in conception and development of financial software. Gained expertise in financial educational and appraisal software. Managed a team developing and maintaining software used by major banks in Switzerland and other European countries. Also, headed the fully owned software development subsidiary of a Swiss entity. Working in a small company enabled me to gain expertise in all areas. Managing the expectations of various stakeholders like the shareholders and clients and the employees was the biggest challenge. Currently researching on new ideas and working on business development for the company.
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