The corrupt MNCs,,,,Very good observation!But the main thing is bothering me is that ,our politicians corrupted them or they corrupted our politicians.1947 MG was i think heading a team which was expert in 123,or kh,p,ch////RIL CAME AFTER MANY YEARS....

Dear BW, Let us not ignore the fact that even before MNC`s will get a chance to loot us, we would not have much left to loot thanks to in house thieves we have called INDIAN ENTREPRENEURS who expertise with a PHD in LOOT. Well many do if not all....

The Growth projected in India is BS BOGUS Good for nothing, In terms of Human Development Index we are 134 in 187 countries, that probably equal to Pakistan or Bangladesh ? Sri Lanka with all its troubles 97 ? Why did we fall from 119 to 134 from 2010 to 2011 ? Yes 18 more countries were there in the countries in survey , but still astonishing 15 new ones added to survey were better than India , give or take a few ? all this hype about Growth is nothing but a way to please ones mind , situation on the Ground is more painful every minute.. People are increasingly more stressed , more frustrated, more anxious, more angry...

Also BW ji a very recent example, When there were reports of some bribery charges against Walmart in Mexico , Walmart shares on Dow Jones fell some 5-6 % , the charges were not even to the tune of crores as is talked of in scams in our country Here Shares would go up on bribery reports thinking chalo maal khilaya hai fayda hoga... Not to say MNC`s are not corrupt, but i think we need to introspect a bit and look at our corporate culture before we can point figures at others else 3 ungli apne desh ki taraf hi ati hai. Kya kare, G@ndhi raj hai.....

BW ji, Hatred for Reliance prevails in the people more than the Government. There is barely nay instance where if RIL could be favored it has not been right from 1980 onwards. The people however tolerant are not so dumb as to believe in the DEVTA SWAROOP of Indian Corporates who are dripped in corrupt money top to bottom. Why then shall they not be a subject of hatred just as the Politicians are. Will that not be a biased view, Where do Politicians earn from ? Is it not the Indian Corporates who pay them in return for favors. We must not forget that the bribe giver is as much as culprit if not more than the bribe taker. The Hatred for Indian corporates in general and RIL as the master of using Policy to favor itself is well and truly justified in its fullest. Rather the hatred is far too low if we look at the fact that biggest beneficiaries of corruption are corporates more than Politicians, and given how much we hate our Politicians as awareness increases amongst people expect the anger towards Corporates to only grow....

Dear Bookworm, Thanks indeed for sharing direction pointers to an excellent article giving another perspective to the nation`s journey on the so called "free markets reforms". You remain true to your name title, a bookworm! TondonA...

Bw,,,i m surprised about certain postings"when tondon rates your message with a 5 star it`s time to do some soul searching. " but i m more surprised when it is answered by.... /// the real reform came after sam pitroda agreed to work for his nation,under the leadership of r. G,but the same period is like a black spot for indian economy "sebi"////rest you are capable enough to come to conclusion. Got logos?...

bookworm, when tondon rates your message with a 5 star it`s time to do some soul searching. where did you see mukesh ambani or reliance being bogged down by government regulations???? was it awarding of kg-d6 on a platter by asking psu`s not to bid for the most lucrative fields or was it changing the contractual obligations and incentives after ril had won the bid. usd2.4 to usd 9 billion dollars. was giving of east-west pipeline to ril on nomination basis with double the tarrif as what was being paid to gail an example of ril having to bear the brunt of government policy paralysis? was making setting the cut-off date for tax benefits in a way that helped only ril-rpl and denying the benefits to others discouraging to mukesh ambani/ did the increase in customs duty on petroleum products to allow ril to sell refined products at a higher import prices dent poor ril`s margins. if you think government has finally stopped playing footsie with mukesh ambani, think again how qualcomm licenses were delayed, trai recommendations to postpone 4g spectrum auction to help ril have a monopoly in 4g. anyway do your research to find 1001 ambani favour stories to find out why you need to do some soul searching....

The indulgence which turned gas into gold http://t.in.com/5nXE...

all learned people say india `s growing while other countries are not... other countries are right bcos they know "smart class of foxiness and greediness still Exist in India in HUF,Trust and in other forms because of Weakest Legal system if we compare with China or USA". India have alot more scope to grow in practical sense rather than on Data and Media sense. That is why it is growing. Offcourse Illiterate and unlearned matters that is what known as Business. Business has to be there rather than Socialism,Capitalism and Communism, Because in all sense one have to pay relatively higher or lower. Baal ki khaal khichana Asan tha,baizaat ho kar wo bhi samjhdar munafa khoro ko samney ? Manipulation and Insanity ka Khel hi Aisa Hai. Rgds...

The corrupt MNCs, in connivance with the corrupt at the top, a/w with their money power, and apathy of the public, will spell doom.

The per capita debt has risen to Rs. 33000/=, an increase of 23%, which by necessary implication means, that netas and babus are not only looting the treasury, but also walking the path countries like greece etc have moved....

Economic survey of India in USD terms,

What does it portend to,

perhaps :

Kameez nahi, to collar chalega,

dekhte jao, Rupyaa nahi dollar chalega !!!
...

Jai,

Budget declared per capita income at USD 1527/= ( for 2011)

with Rupee US conversion rate 1 USD = 60 INR,

the per capita income rises to over Rs. 60000/=

This type of growth is being projected ?...

"India’s liberal “pro-market” reforms began, rather hesitatingly under the
government of Prime Minister Rajiv G@ndhi in the mid-eighties and gathered
momentum from 1991 under the leadership of his successor P V Narasimha
Rao. This papers analyses the strategies of the World Bank and the International
Monetary Fund in India and in a few other countries and shows that, after
abandoning the principle of strict conditionality for the approval of loans and
apparently distancing themselves from the US government, the IFIs applied
subtler and more effective methods to recruit allies within the Indian political
and administrative system in order to secure the adoption of the policies they
required and engineer the liberalisation of the country’s economy."

Introduction to - FROM “HARD SELL” TO “SOFT SELL”:
THE IMF, WORLD BANK AND
INDIAN LIBERALISATION

................By Mitu Sen Gupta...

Bhanjee !!

Socialism favours human capital,

capitalism favours paper money, its accumalation, irrespective of the means.


Read Letters on On state capitalism and China, Greece, cluster munitions, the super-rich, etc in The economist

Link : http://t.in.com/7nXh...

dear ashutosh, pm your membership no....

dear ashutosh, pm your membership no....

"India’s liberal “pro-market” reforms began, rather hesitatingly under the
government of Prime Minister Rajiv G@ndhi in the mid-eighties and gathered
momentum from 1991 under the leadership of his successor P V Narasimha
Rao. This papers analyses the strategies of the World Bank and the International
Monetary Fund in India and in a few other countries and shows that, after
abandoning the principle of strict conditionality for the approval of loans and
apparently distancing themselves from the US government, the IFIs applied
subtler and more effective methods to recruit allies within the Indian political
and administrative system in order to secure the adoption of the policies they
required and engineer the liberalisation of the country’s economy."

Introduction to - FROM “HARD SELL” TO “SOFT SELL”:
THE IMF, WORLD BANK AND
INDIAN LIBERALISATION

................By Mitu Sen Gupta...

Public companies have had a difficult decade, battered by scandals, tied up by regulations and challenged by alternative corporate forms


Link : http://t.in.com/enOb...

Why such hatred for reliance, and love for foreign MNcs ?...

Can any coloniser say, including government, that there will be no water logging for next 50 years, as were developed by britishers ?

Our Policy makers do not plan for long term, they only react to situtaions, in a knee jerk way ?

Either, they do not have foresight, or are subservient, or are greedy to the hilt ?...

"For many years, the Commerce Department has used production costs in India as a proxy for costs in China. It looks at the cost of labor, materials, factory rent, electricity and other expenses for similar companies in India and then assumes that companies in China face the same costs.

The department used India because it was also a large and populous but poor country.

But in a memo dated May 25, 2011, in response to an obscure anti-dumping case involving a chemical imported from China, the department said that acceptable proxies for China were the Philippines, Indonesia, Ukraine, Thailand, Colombia and South Africa. The list conspicuously omitted India.

The new list was based on comparing China’s economic output per person with that of other countries. After lagging behind India in economic output per person as recently as 1990, China now has three times the output per person of its southwestern neighbor, thanks to China’s much faster economic growth. "

Link : http://t.in.com/1nPk

The fact of growth much hyped acknowledged by US is also out. There is no improvement in our productivity, which my guess based on whatever little me knows.

What can only RBI do, unless freebees to netas, babus and their cronies is stopped.

They increase their salaries by three times, when the increase in iinflation is taken care of by Dearness allowance, then why the increase ?

...