Let us discuss some of the important developments in the financial environment like Globalization, Securitization, Financial reengineering, E Finance and Derivatives.

The Mckinsey report had said that the wealth in the emerging markets have grown 3 times more than the rates of assets in developed nations. Now here's a report that is specific about India. Indian wealth management has given a return of 18% against the global 9.7%.

The wealth management arm of the KARVY Group released the 2nd edition of its India Wealth Report today.

This Report studies patterns of individual investments across financial asset classes (excluding physical assets like gold and real estate) and finds that India's individual wealth is expected to nearly triple from the existing 86.5 lac crore to 249 lac crore by FY16. In fact, the wealth of India's HNIs has grown by over 18% compared to a mere 9.7% for global HNIs in the last one year.

Interestingly, the Report shows that fixed deposits & bonds has become the top contributor to overall wealth held by individuals in India, displacing last year's topper, direct equity, primarily due to the uncertainty in the financial markets.

Deepak Singh runs a useful blog on the "State of the Market" and has posted his thoughts on inflation on his blog. He asks, Is Inflation a temporary problem or a structural problem?

That’s the big question market is trying to answer…

Is market buying this? - Inflation will come down in 4 months

Inflation in India has not built up overnight. There are severe supply bottlenecks in the country where major reforms are needed. But unfortunately, Government of the day slept over the problem for so long that now even panic responses cannot help. Inflation problem cannot be solved by talking it down. It requires bold thinking and strong policy making which unfortunately has not happened and that’s why everyone is lost now.