Remedies to Overcome Global Financial Crisis and Recession

The governments must ease credit at a rapid rate, recapitalize the banks and take measures like reducing job losses rate (even it means bailing out General Motors on one hand and small companies on other hand) to avoid the economies going into recession., Mr. Siddhartha Shankar Said while commenting on the Global Financial Crisis.

Steps like guaranteeing debt, higher government intervention when required; co-ordinate effort is what is required. The governments need to act fast, they are slow – if they do not act fast enough and in a co-ordinate manner – the odds that the developed world will slip into recession will become a certainty”, He Added. Mr. Siddhartha Shankar, 36 years old is currently on board of various companies as a consultant and as a professional Director with a definitive experience in the field of Spa, Finance and Alternative Therapies. Mr. Siddhartha’s research on macroeconomics and its integration with politics and the consequent impact on various countries of the world is unique.

Solutions for Segments Hit Hard By Global Financial Crisis
Various segments of Indian Market are going to be affected by this Global Financial Crisis, but the major segments who will bear this brunt are, Real Estate, Banking, Credit Card, Insurance Companies, Aviation Sector, and Employment Sector etc.

Role of Government in Handling This Crisis
The economic slowdown in Europe and America was quite evident in middle of 2007, yet our central bank was busy in engineering an environment for a slowdown, they were more interested in the price of oil and inflation while it was clear that the developed world economies were slowing at a very rapid rate. Till the middle of the current year, the Central bank was busy raising interest rate when it should have been kept stable; regulators were busy curtailing FII freedom by banning P-Notes and so on. Rate cuts are welcome, they need to address the issue of foreign capital; let the money come into the economy, do not restrict it, remove all restrictions on ECB’s, help the export of software and BPO, that is net value addition. Rather than giving benefits to Steel, Textile where our raw material goes away give benefits to software and BPO industry, it will be the best in long run, all according to Mr. Siddhartha Shankar.

About Siddhartha Shankar
In the last 12 years, Mr. Siddhartha Shankar has established himself as a master in tackling financial hurdles for his clients. His expertise is to structuring Financial Products for companies to cover their financial risks that were generated due to their international exposure to Money and commodity markets. Many national and international corporate houses still seek his opinion as a Diamond Business Consultant. His versatile personality has even touched the sphere of healthcare sector and Alternative medicine. He has been involved with the technical teams to develop various healthcare products he has also authored numerous articles related to Alternative medicine.

The best possible solution for an individual or person Mr. Siddhartha Shankar likes to give is, “Everyone has to keep their money in cash or deploy with a company that does risk free management of funds, and this will be of great help during this recession period. But while taking help of any tax consultant, financial consultant or any other consultant even of a known company, one has to keep in mind that the person has to be professional, professional and professional.”

Mr. Siddhartha closely works with the marketing teams and the research team to strike a balance between the product and service that has to be offered by spa. Each product gets customized to the first detail. Siddhartha has developed various methods of marketing products worldwide through the use of Internet. He has been involved with the marketing systems of Google, Yahoo and other search engines to achieve the maximum effectiveness of their campaigns. In Healthcare sector his expertise lies in Spa Management and Development, Product Conceptualization, Web-based marketing of Health Related Products.

For Further Indepth Solutions or Advices From Siddhartha Shankar on Global Financial Crisis Please Call@ +91-93116-56522

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