Globally, we are seeing slow exposure of bubbles created by educated fools called experts in finance and economics particularly those from branded schools.These highly and absurdly paid guys created havoc with financial markets by creating fancy financial jargon and new product ideas that did not work.They could not either.Based on greed and overdrive. It is very important for social action groups to be aware of economic and business conditions as these are created by uncontrolled greed of a section of government-business- executives nexus and badly impacts the common people and investors. We should not forget the slides stock markets had at least 3 times in last 25 years in India when people were ruined. There appears to be formation of a Tsunami now including in China.It is ridiculous that China should have allowed 70 times amount for house loans and the prices of flats in Beijing are highly absurd and unrealistic. Though India has managed to remain in some limits, India itself is overheated, not that much, but it is, with huge increase in money supply in last 8 years and price rise of 400-500% at retail levels across various sectors. Such a heavy price rise means our GDP growth figures are superfluous. The real growth is very less. The P/E ratios of leading companies stocks riding at 35 to 100 is idiotic and unrealistic. But this was allowed by our politicians and planners yielding to business Nexus and MNCs and FIIs greed( These are suspected as almost half of them come from Mauritius like country) Friday 7th May 2010 is crucial day for Indian bourses.Our expert PM and his colleagues should not sleep over this and act fist thing in 7 th Morning to arrest hysteria which is most likely to follow.We should not wait for lower circuits to get activated.It will be too late. 1. India should restrict outflow of money by FIIs who have invested in stocks and other instruments. They have already withdrawn 2500 crores in last 3 days. 2. The domestic Institutions and banks should put their heads together and pump some money to hold markets and let them not slip below NIFTY 5000 mark at any cost.WE have already lost 1200 points from peak of NIFTY in last 3 years. 3. With excellent corporate results ,good monsoon prediction and reasonable GDP growth rate ( I reject GO figures) India is sitting pretty and it surely deserves NIFTY index above 5100 and above 5000, in any case.Even in USA the markets have recovered on 6th May after sharp fall. 4.India has nothing to do with Greece and China as far as Our investment pattern in financial markets are concerned.Hence it is mere panic and illusion of our being globalized markets that is creating psychological panic.India has no significant linkages in global financial markets having very small share unlike in Europe,Japan and USA and now of course China, the biggest lender to USA. 5.It is time MM and his cabinet take some firm and sincere actions to bring down retail prices to half of current levels.Indian markets are overheated.It should be done over a period of 2 years.It is possible. It happened because of our hysteria ,greed and slackening of controls in name of LPG.Government is out on selling public property i.,e. PSUs as if it has become bankrupt.Instead it should reduce luxury and expenses on themselves and cut down waste to reduce deficit. 6.Government should not allow Indian financial markets to become milking cows for black money holders and FIIs and MNCs.This is not called globalization and liberalization. 7.The GDP growth rate ideal for country like India is 6% PA. I fail to understand who has given ManMohan Singh double digit target and what is need and urgency for it? Who are the people behind this? It is an evil and satanic act.It is not a joke to increase GDP in nay country.If it were so USA would have done it. We can't become USA in 5 years.It is impossible.The major problems India today is facing is over drive by MM government and yielding to US based Institutions and experts who have their own axe to grind. 8. Major reforms are required in legal system as well as agriculture sector. These are areas where Prime Minister of India should focus. 9. We should not forget that reasonably growing stock markets and economy is sustainable and much better than hysterical growths and rise in indices.Do we have resources and raw materials and land? No. It is based on manipulations and throwing away prudence. It is based on greed more than logic.It can't last. 10. The Indian politicians on one hand talk of new world of India and globalization and on other hand they divide society and practice outdated and highly harmful caste and other sectional reservations that are increasing rather than decreasing.It is shameless act of all boneless political parties in India.It is dividing society ,bringing in poor efficiency and strains in society.Reservations and corruption are sign of a failing body and not justice and growth as made out by our vote bank seeking corrupt politicians. In other words we are going back by 2000 years.Reservations are indications of Failure of society and governance.These are not substitute for grass root empowerment, education and growth.It is a temporary cover on the filth. In last 60 years politicians have been practicing same British policies of rule dividing people and keeping them poor.The current dose of 400% price rise is to ensure that people remain poor and cant afford to buy services and products.
It’s time for restructuring Though India is better placed than the rest of the world in terms of price rise, there are a lot of issues that the government is responsible for and needs to address. Prices have gone up by 400%. The various reservation bills only hike up the budget, and the revenue is to be collected from us. Investment is not being done under proper heads and a lot of money that should have been used vanishes and sucked up…god knows where.
i think we the people of india should set up a un-biased, highly strict and body to keep a check on the budget that is designed for the year and how the money is being used up. the government should answer to the body, how and where the money have been used up. this should be seriously taken up as there is lot of corruption and price rise and government is shamelessly going on looting even though it is under so many scams
government is cheating the indian people by making those reservation bills. these are made purely in the interest of politicians so that they can come into power in the next tenure. and the sufferers are common man who have to pay hefty taxation. no country spends such huge amounts of money on stupid reservations and reimbursements.
yes i do agree that these are complete absurdity from the governments end. it is high time people should realize and ask to revoke these reservation systems, except for the women. people do not care for these bills which are passed so the government makes them all in its favor, and public never minds it. some ngos protest and calm down as there is nothing much done on it.. there are other acts and bills too which need thorough review..
I think price rise has become an issue of every citizen of India because there has been quite a hike in prices of essential commodities making living miserable in cities. The poor is becoming poorer and the middle class people are the ones who cannot dare to improve their conditions in these soaring prices of commodities in markets. Government must at once take this issue into consideration else India would become a difficult place to live in.
