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Monday, August 23, 2010

Eyecatchers-150: U.S.Banktruptcy Filings

The New Indian Express of August 23, 2010, quoting PTI,  reports a total of 1,572,597 bankruptcy cases were filed in federal courts in U.S. during the year ended June 30, 2010.  It also reports of 118 banks biting the dust during the current year till now.  In the meanwhile, an analyst is predicting another U.S.market crash next month.  When the market of a nation like that of U.S. crashes, naturally it has worldwide impact.  It worries me.  Will the Indian Govt take necessary precautions so that if and when such a crash occurs, the Indian economy is not seriously affected?

Gratful thanks to PTI and The New Indian Express.

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