Robert Vadra - son-in-law of India - The real story

Kapil Sibal - The biggest Idiot Indian Politician

Kapil Sibal represents a true from heart corrupt politician, who doesnot care about the people who elected him by casting vote. It is quite visible by his comments about Anna hazare's poll conducted in Kapil Sibal's constituency that he is not speaking his people voice but is trying to continue with his corrupt activities and pointing a finger at honest Indian like Anna ji.

The idiot keeps on saying that result of Anna's poll is from BJP activitists WHAT THE F***.
Since he is not listening or speaking people voice and is loving his chair more then honesty and other idealistic manners. Hence it is high time that such politicians should be assasinated or should be hanged by mob at Chandni chowk when he goes there asking for votes next time.

I strongly feel something like which happened in movie "Rang de Basanti" should happen and these corrupt politicians should be killed because they are not allowing to live honest Indians peacefully without fear.

Solution: People of India should make a "corruption liberation army" full of volunteers and kill the bast**** politicians who are against civil society Lokpal version of bill. Something on lines of "Indian liberation army" formed by Bose against britishers.

WHAT DO YOU SAY GUYS??

WAIT FOR MY NEXT POST : "POLITICIANS ! The enemy within."

LONG LIVE INDEPENDENCE!

Murder of Air India by Aviation ministry politicians

Air India is fighting hard in ICU, sources say that it had been backstabbed by politicians in Aviation industry as they wanted money which Air India made from market share to be earned by other private airlines. God bless Air India and it should definitely come out of coma soon.

Investigation agency behind murder attempt has found that ex Aviation minister who holds share in another airline Indigo is the chief kingpin behind this planned act for murdering AirIndia and make it paralysed for rest of life so that its high market share of over 25 percent can be taken by private carriers. The Aviation minister want to make Indigo star performer.

As soon as employees sniffed conspiracy behind this murder attempt they raised their voice and the minister was shifted to heavy industry ministry.

Long live Air India!!

Mumbai Blasts again |Req to terrorists- Please kill politicians

Yet another terrorist attack on Mumbai. This time three bomb lasts within minutes killing over 50 people already which can increase as the time progresses.but government figure of casualities still on 8. I request the terrorist group to please target Indian politicians in their next strike, But probably they also think that India would not be affected economically or socially if they kill politicians, so they go for killing stupid common man, but for how long will we walk in afraidness.

Time has now come to put an end to corrupt political system of India and raise together against the corrupt politicians and intelligence groupd which are simply adding useless weight on India doing nothing.
...to be continued

Corrupt Indian government curbing rise against corruption for their interests

I always wonder why UPA government is shying from giving any written assurance to civil society representatives, This non-commitment puts a very serious question mark on forehead of UPA government giving direct hint that UPA government ministers are directly linked with swiss or some foreign accounts, otherwise why would they care in giving assurance if they are not the ones holding any black money accounts.

I strongly feel that top politicians of ruling party are having black money accounts or are getting party funds from people/businessman with black money account.

The above reason looks quite obvious when we think about stand been taken by government on this whole issue of corruption.

The ruling party is showcasing this whole Baba Ramdev event as politically motivated(which is itself wrong) and not talking at all about the demands of the social society, thus deviating away from the whole anti-corruption movement. I strongly feel that if there is no written permission from UPA government for the timeline of implementation of strong anti-corruption bill, we might see even more rising of Indians against corruption and with every chance of turning violent as started by government by midnight raid onto Ramlila ground where all the agitators were in sound sleep.

Such barbaric act of violence by government against the common man shows that government is currently afraid about the movement against corruption seeing togetherness of whole India (which is diffrent from divide and rule politics being seen in India from past 60 years)

Indian politics have always been of "Divide and rule" type which we inherited from Britishers. The sleepless nights which government is witnessing is due to unity shown by Indian civil society against the corruption. Another factor which has made the congress party piss is the stature of Baba Ramdev in civil society, with clean image and free session(for poor and charging from people who can afford to give), he doesnot snatch money from poors, His institution has certain fees structure which is applicable for all the people who can afford it.

Government cant simply dismantle the pandal in case of Baba Ramdev, turn back from the proposals made with Anna hazare for lok pal, The serious question arising is the Government has refused to accept demands of Anna hazare(civil society) for lok pal bill, which earlier they said would accept. and now saying against baba without any logical talk.

If this behaviour of government continues then I might see violence by civil society against the government, or even assasination of few ministers because I feel for some people the tolerance level for corruption should have crossed the saturation level.

Concluding the whole topic I feel the Government of India should come with some concrete written acceptance which should be addressed to nation by Prime minister so that people should feel that some dignity is still left in this government and it is serious in bringing black money back and declaring it public money(I will not mind if name of some of the ruling party MP's come out in this).

Long Live Independence ! Freedom from corruption!
JAI HIND!

Anna hazare - Freedom fighter of 21st century

Scenario - With corruption and bribery reaching all time high and corrupt politicians being treated as above law by congress government, It was perfect time for a true patriotic indian to stand against it and rest assure that all of the common people are always with him, The timing of Anna Hazare and people of India to stand against the ruling goons is perfect and thus the goons upon seeing the rising against corruption had no other alternative then agree to demands. I love Anna Hazare and all the people who came forward to support him and shake congress government's foundation. Which probably is the most corrupt government which India has ever seen.

Positives - The demand for drafting the lokpal bill by including people from civil society is met and the culprits would be behind bars within two years of time and refund the money to nation, I think they should also designate such politician as desh drohi and kick his/her ass out of Indian mainland , Another thing which I personally feel that the corrupt politician should be kept in jail of Andaman and nicobar islands (Kaala Paani).

It has also proved that there is presently lots of anger in common people against the government and there is no power greater than power of common people combined together. Recently we heard that a lady killed MLA which was also a right step in freeing our nation from corrupt politicians. It also provides a very good platform for common people to make their voice heard in Indian political system.

We love ANNA HAZARE and all the supporters who cam forward against the barbaric act of corruption, running from last 63 years in India.

Indian Politics - we can't even trust wikileaks

With the rise of wikileaks(website created with aim of making the governments transparent) as a website indian political parties took their false blackmailing to wikileaks too. Indian political parties have even corrupted Wikileaks as now one cannot trust wikileaks for Indian cables as there is most probable false data which is leaked just for creating a roar in parliament session.

Recently an opposition party made a uproar in parliament over money for MP scam which later was cleared by manmohan singh that it was false and guided opposition to stop such kind of ridiculous allegations which are having no base at all.

This is a very serious matter according to me as it corrupts a very good website like wikileaks.

Pour in your comments for the same and maybe we will get to some conclusion about the same and about the level of indian politics presently.

Top 10 destinations for investing in property in world

Following are the top 10 destinations for investing in real estate in world, posting it here since i felt might be useful to my readers.

1.) Brazil
2.) France
3.) USA
4.) Egypt
5.) Turkey
6.) Greek Islands
7.) Australia
8.) Malaysia
9.) South Africa
10.) Abu Dhabi

Indian Union Finance Budget 2011 highlights

The finance minister of India Pranab Mukherjee presented budget for fiscal year 2011-12, There are no major Tax benifits, or I can see no tax benfits. The governments approach on running population of 120 crores from tax collected from may be 10 crore is wrong and would collapse in long run.

Also read-
Railway Budget 2011-12 highlights

Following are the highlights of the union Finance budget 2011:

* The Indian economy was facing grave uncertainty. Growth had started decelerating when the interim and full budget for 2009-10 were presented.
* At home there was added uncertainty because of subnormal southwest monsoon.
* Yet, the economy now in a far better position than it was
eight years ago.
* India weathered the economic crisis well and emerged from the global slowdown faster than any other country.
* First challenge before the government is to quickly revert to
high GDP growth path of 9%.
* Expects 10% economic growth in the near future.
* Second challenge is to harness economic growth to make it more inclusive and consolidate gains.
* Third challenge is to overcome weakness in government's public delivery mechanism; a long way to go in this.
* Impressive recovery in the past few months. Can witness
faster recovery in the coming months.
* Food security has been strengthened.
* But bottleneck of the public delivery mechanism can hold us back.
* Fiscal year 2009-10 was challenging for the economy.
* Focus shifted to non-governmental actors and an enabling government. Government now concentrates on supporting and delivering services to the poorer sections.
* Economy stabilised in the first quarter of 2009 itself.
* 18.5% manufacturing growth in December was the highest in two decades.
* Figures for merchandise exports for January encouraging
after turnaround in November and December last year.
* Double digit food inflation last year due to bad monsoon
and drought-like conditions.
* Government conscious of the price rise and taking steps to tackle it.
* Erratic monsoon and drought-like conditions forced supply-side bottleneck that fuelled inflation.
* Need to review stimulus imparted to economy last year to overcome the recession.
* Need to ensure that the demand-supply imbalance is managed.
* Need to make growth more broad-based.
* Need to review public spending and mobilise resources.
* Status paper on public debt within six months.
* Government hopes to implement direct tax code from April 2011.
* Earnest endeavour to implement general sales tax in April 2011.
* Government will raise Rs25,000 crore from divestment of its stake in state-owned firms.
* Kirit Parekh report on fuel price deregulation will be taken up by petroleum minister Murli Deora in due course.
* Nutrient-based fertiliser subsidy scheme to come into force from April 1 this year.
* Nutrient-based fertiliser subsidy will reduce volatility of subsidy and also reduce it.
* Market capitalisation of five public-sector undertakings listed since October increased by 3.5 times.
* FDI inflows steady during the year. Government has taken
series of steps to simplify FDI regime. Intends to make FDI policy user friendly by compling all guidelines into one document.
* Government has decided to set up apex-level Financial
Stability and Development Council.
* RBI considering issuing banking licences to private companies. Non-banking finance companies will also be considered if they meet the criteria.
* Government to provide Rs16,500 crore to public-sector
banks to maintain tier-I capital.
* Government to continue interest subvention of 2% for one more year for exports covering handicrafts, carpets,
handlooms and small and medium enterprises.
* Government to provide Rs300 crore to organise 60,000 pulse and oilseed villages and provide integrated intervention of watershed and related programmes.
* Rs200 crore provided for climate-resilient agriculture
initiative.
* Government committed to ensuring continued growth of
special economic zones.
* Need to take firm view on opening up of the retail sector.
* Deficit in foodgrains storage capacity to be met with private-sector participation.
* Period for repayment of loans by farmers extended by six months to June 30, 2010, in view of the drought and floods in some parts of the country.
* Interest subvention for timely repayment of crop loans raised from 1% to 2%, bringing the effective rate of interest to 5%.
* Road transport allocation raised by 13% to Rs19,894 crore.
* Proposal to maintain thrust of upgrading infrastructure in rural and urban areas. IIFCL authorised to refinance infrastructure projects.
* Rs1,73,552 crore provided for infrastructure development.
* Allocation for railways fixed at Rs16,752 crore, an increase of Rs950 crore over the last financial year.
* Government proposes to set up Coal Development Regulatory Authority.
* Mega power plant policy modified to lower cost of generation; allocation to power sector more than doubled to Rs5,130 crore in 2010-11.
* Government favours competitive bidding for coal blocks for captive power plants.
* Rs500 crore allocated for solar and hydro projects for the Ladakh region in Jammu & Kashmir.
* Clean Energy Fund to be created for research in new energy sources.
* Allocation for new and renewable energy ministry increased by 61% to Rs1,000 crore.
* One-time grant of Rs200 crore provided to Tirupur textile cluster in Tamil Nadu.
* Allocation for National Ganga River Basin Authority doubled to Rs500 crore.
* Alternative port to be developed at Sagar Island in West Bengal.
* Draft of Food Security Bill ready, to be placed in the public domain soon.
* Outlay for social sectors pegged at Rs1,37,674 crore, accounting for 37% of the total plan allocation.
* Plan allocation for school education raised from Rs26,800 crore to Rs31,036 crore in 2010-11.
* 25% of plan outlay earmarked for rural infrastructure development.
* Plan allocation for health and family welfare increased to Rs22,300 crore from Rs19,534 crore.
* For rural development, Rs66,100 crore have been allocated.
* Allocation for National Rural Employment Guarantee Authority stepped up to Rs40,100 crore in 2010-11.
* Indira Awas Yojana's unit cost raised to Rs45,000 in the plains and Rs48,500 in hilly areas.
* Allocation for urban development increased by 75% to Rs5,400 crore in 2010-11.
* 1% interest subvention loan for houses costing up to Rs20 lakh extended to March 31, 2011; Rs700 crore provided.
* Allocation for development of micro and small-scale sector raised from Rs1,794 crore to Rs2,400 crore.
* Rs1,270 crore provided for slum development programme, marking an increase of 700%.
* Government to set up National Social Security Fund with initial allocation of Rs1,000 crore to provide social security to workers in the unorganised sector.
* Government to contribute Rs1,000 per annum to each
account holder under the new pension scheme.
* Exclusive skill development programme to be launched for textile and garment-sector employees.
* Allocation for woman and child development increased by 80%
* Plan outlay for the social justice ministry raised by 80% to Rs4,500 crore.
* Plan allocation for minority affairs ministry raised from Rs1,740 crore to Rs2,600 crore.
* Financial-Sector Legislative Reforms Committee to be set
up.
* Rs1,900 crore allocated for Unique Identification Authority of India.
* A unique identity symbol will be provided to the rupee in line with the US dollar, British pound sterling, euro and Japanese yen.
* Defence allocation pegged at Rs1,47,344 crore in 2010-11
against Rs1,41,703 crore in the previous year. Of this, capital expenditure would account for Rs60,000 crore.
* Planning Commission to prepare integrated action plan for
Naxal-affected areas to encourage "misguided elements" to eschew violence and join the mainstream.
* Gross tax receipts pegged at Rs7,46,656 crore for 2010-11, non-tax revenues at Rs1,48,118 crore.
* Total expenditure pegged at Rs11.8 lakh crore, an increase of 8.6%.
* Fiscal deficit at 5.5%.
* Fiscal deficit seen at 4.8% and 4.1% in 2011-12 and 2012-13, respectively.
* Non-plan expenditure pegged at Rs37,392 crore and plan expenditure at Rs7,35,657 crore in budget estimates. Proposed increase of 15% in plan expenditure and 6% in non-plan expenditure.
* Cash subsidy for fuel and fertiliser instead of previous practice of bonds to continue.
* Fiscal deficit pegged at 6.9% in 2009-10 as against 7.8% in the previous fiscal.
* Government's net borrowing to be Rs3,45,010 crore for 2010-11.
* Income-tax department ready with two-page Saral-2 returns
form for individual salaried assesses.
* Personal income-ax rates pruned:
Income up to Rs1.6 lakh — nil
Income above Rs1.6 lakh and up to Rs5 lakh — 10%
Income above Rs5 lakh and up to Rs8 lakh — 20%
Income above Rs8 lakh — 30%
* Additional deduction of Rs20,000 allowed on long-term
infrastructure bonds for income-tax payers; this is above Rs1 lakh on savings instruments allowed already.
* Investment-linked tax deductions to be allowed to two-star hotels anywhere in the country.
* Weighted deduction of 125% for payments to approved associations doing social and statistical research.
* One-time interim relief to housing and real-estate sector.
* Businesses with a turnover of up to Rs60 lakh and professionals earning up to Rs15 lakh to be exempted from the obligation to audit their accounts.
* Housing projects allowed to be completed in five years instead of four to avail of tax breaks.
* Revenue loss of Rs26,000 crore on direct tax proposals.
* Central excise duty on all non-petroleum products raised to 10% from 8%.
* FM increases customs duty on crude oil to 5%, on diesel and petrol to 7.5%, and on other petroleum products to 10%.
* Structural changes in excise duties on cigarettes, cigars, and cigarillos.
* Clean energy cess of Rs50 per ton to be levied on coal produced in India.
* Concessional excise duty of 4% on solar cycle-rickshaws.
* Balloons exempted from central excise duty.
* Customs and central excise proposals to result in a net revenue gain of Rs43,500 crore.
* More services to be brought under the service tax net.
* Certain accredited news agencies exempted from payment of service tax.
* Net revenue gain from tax proposals pegged at Rs20,500 crore.

Union Railway Budget 2011-12 - Highlights

Railway minister mamta Banerjee presented union Railway budget for 2011-12 today in parliament, There is no increase in passenger fare this year too and the minister announced 56 new trains.

Following are highlights of the Railway budget 2011-12:

* No increase in fares.

* Earnings for 2010-11 set to exceed Rs.1 lakh crore.

* Working expenditure during 2011-12 estimated at Rs.87,000 crore.

* Outlay of Rs.57,630 crore for 2011-12, the highest investment in one year.

* Rs.10,000 crore to be raised through railway bonds.

* Budget combines strong economic focus with inclusion.

* Will develop business-oriented policies to aid industry.

* Happy to announce 85 PPP proposals received; set up single-window system to take these forward.

* Decided to set-up rail-based industries.

* Passing through a difficult phase; 97 percent increase in expenditure in 2010-11 due to implementation of Sixth Pay Commission report.

* Loss of Rs.3,500 crore in 2010-11.

* Ten-year backlog of 1.75 lakh jobs being addressed; 16,000 ex-servicemen to be given jobs in railways.

* Safety first priority; accident rate has come down.

* Anti-collision device, successful in North West Frontier Railway, to be extended to three more zonal railways.

* Railways always been a soft target but law and order a state subject. If railways are blocked in one region, this has a snowballing effect in other parts of the country.

* Will add 180 km of rail lines in 2011-12.

* All-India security helpline set up.

* New Durantos to be run on Allahabad-Mumbai, Pune-Ahmedabad, Sealdah-Puri, Secunderabad-Visakhapatnam, Madurai-Chennai routes, among others.

* Rail linkage to Gujarat from Delhi-Mumbai freight corridor.

* Integrated suburban network to be set up in Mumbai, Chennai, Ahmedabad and other cities; suburban system of Hyderabad to be strengthened.

* Mumbai suburban system's EMU coaches to be increased from nine to 12.

* Pradhan Mantri Rail Vikas Yojna to be launched.

* Industrial park to be set up in Nandigram, West Bengal.

* Railways to set up factory in Jammu and Kashmir.

* To set up Metro coach factory at Singur, West Bengal.

* First coach from Rae Bareli factory to roll out in next three months.

* Work on wagon factory in Orissa to begin after land is acquired.

* Manipur capital Imphal to be soon connected to railway network.

* Centre for excellence in software to be set up at Darjeeling.

* Fund to be created for socially desirable projects.

* Central Organistaion for Project Implemtaiton created; will create accountability for non-performance.

* Work started on two dedicated freight corridors.

* Work on upgrading 442 stations to be completed by March 31.

* Decision to start pilot projects to give shelter to homeless people living along the tracks in Mumbai.

* Multi-purpose smart card to be introduced for all-India travel.

* Airport-like trolleys to be provided at more stations.

* Railways to set up a sports cadre.

* Upgraded class of air conditioned travel to be introduced shortly.

* To adopt modern technology through centres of academic excellence.

* Train to run to Bangladesh to showcase Indian culture.

* Age for senior citizen's concession reduced to 58 from 60.

* Concession for physically handicapped and gallantry award winners for travel in Rajdhani and Shatabdi expresses.

* 50 percent concession for mediapersons with families to be increased from once to twice a year.

Indian Politics need Egypt's people methodology for uprooting corrupt

This post is inspired or fueled by two incidents, First is the developments in Egypt against their president Mubarak, and second is based on a recently came bollywood movie titled "No body killed Jessica" which is based on real story of murder of a barmaid Jessica lall by then son of Haryana Congress head Manu Sharma. The film basically shows the power of common people when they come together just and tells that even the strongest politicians are just Shi* in front of citizens when they are together.

Both the incidents are perfect in present day scenario, Egypt's developments also show that the power of common people would help in eradicating the corruption too.

In my previous posts visitors have left comment that we know the problem but where is the solution of the problem, The problem I am talking about is corruption and Corrupt politicians. So through this post I'll talk about solution for solving this biggest problem which is hindering India's development and damaging the image of India as a country infront of the world.

The solution for eradicating corrupt politicians, babus, Police from india is in hands of common person, no-no not in hand of single person but when all the citizens come together and the implementation of this solution should start from the lowest level first as it would be more effective at lower level of bureaucracy. The foremost requirement for such activity is there should be unity in all citizens who are affected by that politician, babu, officer and believe me unity of people will never go waste, History of Indai is evident that their is no power greater then power of people and this power has to unite together to notify our corrupt politicians that they are not above law,(same case as of Jessica Lall).

The other advantage is by following this methodology politicians would fear before doing any such anti-social activity(which they often do now). They will become more citizen inclined. I'll give one another example, If your area desperately needs one school so that children can become social and the politician or education minister is not caring about it(because of the fear that if people become literate then they will not give vote to him, as he/she has done nothing), Just remember Indian Politicians hate growing literacy rate of India because they come to power by votes of illiterate. People of that area should directly go to the office of the minister and tell him to provide funds for school therwise his power would be in trouble, I am sure he will definitely take concrete steps immediately for opening the school.

There can be other numerous examples too but I'll close this post here and hope that the solution I have just provided helps in bringing the change in country, Change by uprooting the corrupt from the system, bringing literacy, development etc.

Do remember The ultimate power in democracy is in hands of common people when came together. Keep on leaving your valuable comments and the discussion should reach broder audience. JAI HIND!!

Also read -
Indians with Black Money accounts

Names of people with Black money accounts revealed

Following are names of indians who have stacked their money in bank accounts abroad for tax saving. The total amount is 52 crores according to report.

The list that Germany shared with India had 12 trusts out of which four belong to Indians. The beneficiaries are

1. Manoj Dhupelia
2. Rupal Dhupelia
3. Mohan Dhupelia
4. Hasmukh Gandhi
5. Chintan Gandhi
6. Dilip Mehta
7. Arun Mehta
8. Arun Kochar
9. Gunwanti Mehta
10. Rajnikant Mehta
11. Prabodh Mehta
12. Ashok Jaipuria
13. Raj Foundation
14. Urvashi Foundation
15. Ambrunova Trust

The land of negativity - India (Time for Change)

This thread might look very negative(from the heading) but the main motive while typing is to change the way a normal Indian citizen thinks. According to me the definition of a normal Indian citizen(Aam aadmi) is a person who uses very little of his own brain. for example a person who purchases same 2 wheeler as purchased by his neighbor, who is n rat race imitating others, Whose perception towards a product is made by the article(paid review) which is printed by top indian newspaper like TOI, HT or whatsoever. A person who thinks that a film done by Akshay Kumar, SRK, Sallu will always be Hit material.

People who have become negative thinkers after reading and watching all the negative news which keep on airing 24 hours a day, When I personally see a news channel the first impression is that there is nothing positive happening in India. Watching these news 24 hours a day affects the brain of already dumb people who donot have brains of their own for application.

Ok now I come directly to the culprit number 1 in promoting negativity in thinking of a Normal Indian person, INDIAN MEDIA HOUSES(which includes all the major English Daily, their TV news channels etc etc), The similarity between each and every news channel is that they always show dirty and Cheap news (which projects India as a hell for living to other countries), Topping the list of worst reporting is the English daily which sells the most copies, I can't write the name but by now all of the readers surely know which English Daily I am reffering to.

News like scam, rape, corruption against the politician who might have rejected some proposal of a media house and when settlement between media house and politician is done the news go offAir and motive of media houses is complete, India as a country is hated most by Media Houses.

Paid articles just for publicity of a crap product and misguiding the stupid Indian common Indian citizen. Shoddy Journalism like the one shown by another news channel during 26/11 Mumbai Attacks and then sending notice to the blogger who raised voice against it for deleting the post. And normal person who has know brain of himself just considers "whatsoever is printed is correct" is fooled.

The main point which I want to display here is that - Indians who are rising and Increasing the GDP numbers just DONOT GIVE A DAMM TO THESE PRINT MEDIA HOUSES, and those who follow them are stupid indian common man.

I have never read a news like "Education minister opens 10 new schools" on the front page of any news paper or TV news channel, because this media has already washed the thinking ability of stupid common man, which has become like a moron and is living a life which is governed by someone else, and the rat race which is prevelant through out India.

At last I want to conclude that people who are rising donot listen to any such stupid news channel or Print media, and one who are addicted to Indian Media and make their decisions after reading some stupid reviews are the one with negativity.

Do add your comments about how you feel about the same andw can start the discussion in comments.

Lady kills MLA - Good Revolt against rising politicians is onthe cards - freedom

As I read a top newspaper online came across the news of murder of a BJP MLA of Bihar by a women who claims was raped repeatedly by MLA using his political influence whatsoever.

I liked the news very much as now MLA are not even safe while along the people they know or along the people who are afraid of them due to their political stature. I can smell the anger in the minds of common man against politicians coming out through this very incidence and it might become a national phenomenon for getting freedom from corrupt politicians of India, which have crossed all the boundaries of decency and have certainly moved out of common's man silence zone.

All the other BJP MLA's of Bihar would be very frightened as they might also meet same dog's end if carrying out same practices in Bihar atleast. The time looks perfect for people's revolt against the corrupt politicians and finally finish such politicians as law will not able to do anything substantial to save the country from such maneater politicians. Who doesn't feel ashamed while seeing their bloody face in mirror every morning.

I recall the incident shown in movie Rang de Basanti where a corrupt minister got what he deserved at end, I mean death by mob. I think if 2-3 such incidences happen with corrupt politicians then the others would definitly become more human in governing the country and working for people upliftment.

Te worst thing about Indian corrupt politicians is that they dont want people of india to get literate as they feel frightened thinking that if people will able to decide good or bad for themselves then under no circumstance they can be elected, These Bas****s politicians of india should get the same type of death, so that other's which are corrupt or use their powers for Sexual abuse, murders etc would become godfearing and now I think the time is not far when we would be reading such news more often.

Indians are rising and understanding need of the hour for sure...kudos to the lady who has ignited the spark for ending corrupt politicians.

There is no political power stronger then MOB...Long live India

India - The land of Scams

It's bit late to post on this topic, and the new crown which India has got 'The land of Scams' but still this title looks pretty new and fresh as we see daily some or other news channel flashing updates of scams in India, If we check history than I think now the era has changed and more scams are directly printed or telecasted.

According to me these scams were common before economic liberalisation of India, Only difference was at that time we had only Government owned and controlled DD national, but now we have lots of private channels which are free to show any scam.

So in case of scams the difference of economic liberalisation or media liberalization is that people are able to know what are corrupt politicians are doing and have been doing since 1947.

One thing is for sure that Indian Politicians are the worst kinda breed of humans ever evolved, I wanted to write dogs instead of humans before but later thought that dogs are faithfule to the one who gives it food so found it unsuitable title.

The Raja's of Tamil Nadu, Badal's of Punjab, Yedu of karnataka tops the list of the worstness in descending order of corruption. Keeping judiciary and CBI in it's pocket and resignation as a weapon to make some other stupid loyal person face for people and carry on bribery, corrupt practices as it is.

With Central Government sleeping and boasting of just GDP number's and nothing else, what a pity for India, PM makes no statements whatsoever except one like 'Madam se pooch kar bataunga', Politics has reached lowest level, but the good news is that media makes people aware of what is happening in politics and people might consider these scams for the next elections and would not vote for the tainted person.

People have lost their faith in electoral system and donot casts vote because there is no politician with clear history, Voting process has meagre 50 percent turnovers and out of fifty percent turnover the candidate who wins 26 percent is elected to Parliament, This scenario haunts me a lot as clearly the person getting 26 percent means 74 percent people donot consider him eligible person to win, I think in voting too their should be consideration of this point and should go for revoking after cancelling candidature of the earlier candidates as ineligible.

Recently I was reading some english daily and came across figure like Britishers looted some 20k crores from India in 150 years and till now Indian Politicians have looted some 70000 crores, without any development activities, The point to remember is that Indian Economy has grown due to business tycoons and not by any government activities except the liberalisation policy, which has helped our PM in getting residence at 7 Race course road.

At last I want to conclude that if same things keep on hapenning without ant concrete action happening to the culprits then some Bhagat Singh kind of person(s) would surely surface to kill these bastards and return some decency to Indian Politics.

Long live India!!

Ayodhya Verdict is out - Core Dome area is Ramjanambhoomi

The operational Judgement is that the place would be called Ramjanambhoomi as it is hence the most important judgement of decade is out. The core 1/3 area(Dome Area) is Ramjanambhoomi, The 1/3 area constituting Ram Chabutra and Sita Rasoi is given to Nirmohi Akhara, Sunni Wakf board gets the other third part.

Jus. Sibghat Ullah Khan's Judgement - Original
Jus. Sudhir Agrawal Judgement - Original

Top 50 online website brands in India

I was just surfing on net and came across this list of 50 most valued websites in India, thought it would also interest my blog readers as is the latest list:

Rank	Website Name
1	google.co.in(google search)
2	Yahoo mail
3	Gmail
4	Yahoo.com
5	Yahoo search
6	Orkut(is on decline though)
7	Rediffmail
8	Rediff
9	Yahoo movies
10	Naukri.com
11	Hotmail.com
12	facebook(would probably in top 5 now)
13	Yahoo cricket
14	Yatra.com
15	Rediff sports
16	timesjobs.com
17	indiatimes.com
18	twitter.com
19	youtube.com
20	shaadi.com
21	rediff shopping
22	jeevansaathi.om
23	monster india
24	justdial.com
25	wikipedia
26	bharatmatrimony.com
27	msn
28	bollywoodsargam.com
29	iplt20
30	blogspot.com
31	santabanta.com
32	indianedu
33	picasa
34	bharatstudent.com
35	shine.com
36	makemytrip.com
37	indiastudychannel
38	raaga.com
39	ask.com
40	bing.com
41	ibibo.com
42	freshersworld.com
43	quikr
44	ebay.in
45	clickindia
46	metacafe
47	indiastudycenter.com
48	linkedin.in
49	cricinfo.com
50	Amazon.com

RTI act - will it work in land of Goons?

RTI act or Right to Information act for every public undertaking was passed by Congress government to bring transparency in government works which would mean less corruption and the guilty would be given some sort of punishment at a faster pace(not because the legal system would act fast but because the concerned person's corruption act is known early...) however in the time span when this law was passed and today, It has only led to deaths of the RTI activists only, I know that corruption is in blood of every Indian(only the intensity differs). but killing RTI activist just to save image is inhuman, My post on how corruption is in blood of politician can be read by clicking here.

Every day there is some news about killing of RTI activist especially in states where there is more, probably it can only work in bollywood movies like 'well done Abba' where the RTI act was used to bring corruption in public. Now according to me the thing is as soon as an activist come out with a shocking act of corruption through RTI, One copy should be printed in next day's every daily newspaper so that if the Goons(concerned politician) is able to kill that activist the case would become even stronger because media is the one thing which Government takes a bit serious than even the RTI act.

The law for protection about whistleblowers is looking very inaffective still as this is a thing which is against the politicians.

But looking at scenario and Manmohan Singh's, Rahul Gandhi's initiative i feel so that corruption would definitely lesson in coming years but then I feel that if another news about killing of RTI activist comes will surely kick my feeling away.

Time for consolidation of indian IT Companies has arrived

Indian IT industry has withstood the 2008 recession well, All thanks to the cash pile and the margins and the meager pay salaries over the last two years, The reason for coming out even strongly is the cost cutting measures ranging from sending fewer people on-site, some price negotiations, giving no salary hike for two consuctive years to employees(on name of recession), firing people secretly(so that stock does not plummets) etc, etc, this list goes on.

Putting together these all measures have been very good for the biggies in Indian IT industry like - TCS, Infosys, Wipro etc. These companies have lots of people on their bench hence lowering the bid price in recession time helped in increasing the percentage of billed employees.

This above scenario has not been possible for mid tier IT vendors like, Patni, Tech Mahindra, Mastek all of them still showing decrease in profits YoY, The reason is simple The biggies of Indian IT are eating their food by bidding at the same price of these mid tier companies, thus taking even smaller projects on which the mid tier IT Companies depends. Since the potential client is now well aware of these biggies they prefer to give new projects to these rather then mid tier companies which is the biggest area of concern for these smaller companies.

They can't compete with these biggies thanks to the bench strength and the cash pile of these bigger companies, Now in such a scenario where there looks no hope for smaller and mid tier IT Companies, the best method for coping is to be acquired by the biggies or bid to these biggies at even lesser rate for further outsourcing(looks rare possibility as margins are already wafer thin), adding further to IT companies owes is the increase in Visa fees by US Government.
Thus after Indian IT comes out of the recession completely we can possibly see consolidation in Indian IT space. This would definitely help in making global companies which can compete with likes of Accenture, IBM much more efficiently and effectively. Hence it would not be surprise if news about one of the biggies acquire a mid tier or smaller IT companies which would definitly help in the niche domains where the smaller IT companies work.

Hence I can conclude that time has finally arrived when we can see consolidation in indian IT industry which would definitely make Indian IT companies competency even bigger and more powerful. thus offering some serious competition to US biggies like Accenture and IBM.

India's 5 million aid to Pakistan - analysis

It might look very stupid thing being done by Indian government by giving $ 5 million aid to flood hit Pakistan. to me personally it looks a very optimistic move and the aid amount will surely have backing of every political party(I'll tell reason in this post).

In my thinking advisors to PMO and other central ministers have played a very nice move in the ongoing game of chess with Pakistan. This would help in mounting global pressure on Pakistan later in supressing terrorism globally, I have not heard about any big terrorist activity in pass year and half, which is only due to fact that global pressure is mounting day by day on Pakistan.

USA also put pressure on Pakistan in accepting India's aid. Now the question is how this would help Indian Government in it's actual motive behind the move. After giving aid one thing is sure that in the eyes of Pakistan(particularly it's people after reading this news about aid in newspapers) the image of India as country must have changed(though it might be a very meagre initially). Also this move will be very helpful in long term as surely Pakistan would play a softhand in future against India(from terrorist activities perspective) which would mean that government would save even more than 5 million dollars which it currently spends on army budget. I know my post looks too optimistic but this is what I feel the reason why Indian Government has done it.

The basics of Indian Politics - how corruption starts from base

I was thinking from long time to post this but was not getting time for the same, finally I managed to spare some time to tell about the basic functionality model of Indian politics and why it is often referred as politics led by goons. I request to please post your views about the same in the comment section.

It is true that most of the Indian politician are goons who win election by distributing money among the poor people, and the politicians are most after the poor people who can be purchased by distributing a couple of whiskey bottles or by few thousand rupees, which comes down to few hundred rupees in case of Bihar.

I was wondering how can so much dirt get into system that too at every level. well I got answer in few days and here is what I concluded.

Most of the poor people or low income group people(bus drivers, Auto drivers, sweepers ) to list a few are the ones who are very fond of politics not because they like it but to earn money, A person who has no work, no job to earn money is type of hired by the local politician at not much wages but given a commitment that if he/she wins in smallest level election then there would be lots of money around and the person (having no money presently) says a yes and becomes a chela of that to be politician. Now the task is how to earn votes in coming general body election or any other election, Since they have not done anything good for the people but still want to win, they start corrupt practices like giving warnings to people to cast them or face the music(taking advantage of weak police system), In India Police can be termed as goons hired by politicians legally to take money from the literate(well settled individuals). but in case of poor people they dont give such warnings(because they will get nothing in case they even kill the person for not casting the vote to them) So they purchase their votes by paying a meagre amount while also maintaining some sort of ledger of the money spent on whole election campaign. Since they start from smaller area hence people to purchase is very less hence the budget is fixed too. Once they win the election by giving money, bribing police, they feel very happy and first take out the money out from government funds(which is indirectly the taxes collected from the well settled people).

They charge compound interest for their money and fill their stomachs and houses as this stolen money would now become input for purchasing votes for the next level of elections(which covers larger geographical area), The person who helped initially now becomes a legal goon which is used for killing a competitor and the police is used by same politician to show it as either a suicide or road accident(I have not heard of any third type of killing strategy used by the politicians in India for killing of their competitors).

Now when he follows the same strategy and wins the elections again then he becomes the god of the area, which gives him power to do all the illegal activities, drugs, call girls mafias, murders, licenses to builders etc. From all these activities the percentage of now minister's share reaches at end of the day or weekly or monthly(depends on how the politician wants that money) and this is all hard cash. Local police helps in watching that all the illegal activities are going on nicely and they are getting their share at time.

The things shown in movie Rajneeti are very true(however it depicted only the killing of competitors part, I discussed earlier). Now since the whole nexus created by the politician of that area is functioning smoothly he makes a lot of money.

The tragedy here for medium income group or middle class people is that their vote has no effect as the number of poor people surpasses them and would always be the same in future too. but the money which goes into politicians pocket is the one from their taxes :(

Hence no politician ever talks about providing jobs to the people as in that case their own job would end because they know the truth about their doings and no person would ever want that his/her source of income should stop.

So this was my try to depict the working of indian pilitics and indian politicians(in which the middle income group has no effect)

PLEASE GIVE YOUR COMMENTS ABOUT WHAT TO FEEL ABOUT THIS

Core investment norms released by RBI

Reserve Bank of India on Friday said core investment companies with assets over Rs 1 billion will be required to obtain certificate of registration from it while the ones below Rs 1 billion need not.

A core investment company means a non-banking finance company which holds not less than 90 per cent of its total assets in the form of investment in equity shares, preference shares, debt or loans in group companies, the bank said.

Indian Forex reserves at $ 287 billion

India's foreign exchange reserves rose to $287.356 billion as on August 6, from $284.183 billion in the previous week, the Reserve Bank of India (RBI).

Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund (IMF), the RBI said.

14000 crores as subsidy to Oil Cos

The government will give Rs 14,000 crore in cash to Indian Oil, Bharat Petroleum and Hindustan Petroleum to make up for the losses incurred on selling fuel below cost in the first quarter of 2010-11 fiscal.

The Finance Ministry today sought parliamentary approval for additional spending of Rs 68,294.30 crore that included Rs 14,000 crore "for providing compensation to oil marketing companies towards estimated under-recoveries on account of sale of petroleum products."

Retailers IOC, BPCL and HPCL lost about Rs 20,275 crore on selling petrol, diesel, domestic LPG and kerosene below cost in the first quarter of this fiscal. Of these, losses of upstream firms like Oil and Natural Gas Corp (ONGC), made up for one-third or Rs 6,690.68 crore.

Key rates decision after analysing Inflation problem root - RBI

The Reserve Bank of India's (RBI) monetary stance will depend on whether it perceives inflation as stemming from excessive liquidity or due to supply constraints, the country's top civil servant said.

On Tuesday, Cabinet Secretary K.M. Chandrasekhar allayed concerns of persistently high prices, reiterating the government's forecast of headline inflation easing to 5-6 percent by the end of the year.

India's annual headline inflation stayed above 10 percent for the fifth straight month in June, cementing expectations the RBI will raise interest rates for a second time this month to contain price pressures.

A majority of economists expect the RBI to raise key interest rates by 25 basis points in its quarterly review on July 27 and tighten policy further in coming quarters, a new Reuters poll showed.

"A call will have to be taken by the Reserve Bank (RBI) on whether inflation is on account of high money supply or is it on account of certain sectoral reasons, some supply constraints," Chandrasekhar told a news conference.

Some analysts have pegged capacity constraints in the rapidly expanding economy as the main reason for a surge in non-food inflation, pointing out a slowdown in May industrial output, despite robust domestic consumer demand.

Further, expansion in the M3 money supply, the broadest measure of liquidity in the system, has just picked up after slowing down since the year began and lags credit expansion.

Exports to EU countries increases

According to latest report exports to EU union have increase YoY. So does it mean that EU is coming out of bad times...The answer might not be so easy currently, have to wait for another quarter for sure to analyse.

Details:

Exports from India to the 27-member EU increased by 18 percent to 10.7 billion euros in January-April 2010, compared to 9.1 billion euros in the corresponding period last year. and also Exports from the European Union (EU) to India shot up by 28 percent to 10.6 billion euros (about $13 billion) between January and April 2010, compared to 8.3 billion euros in the corresponding period last year,

Good Move - Rs 8000 crores for mid day meal scheme

This year the Centre has alloted rs 8000 crore for the mid day meal scheme , hence there would be more enrolment for schools for sure thus increasing the number of literates in country.

Flashing back to midday scheme: Mid-day meal scheme was first evolved by former Tamil Nadu chief minister K Kamaraj and now it has been taken as a role model for the entire country.

Pathetic - Gujarat Gov unable to collect Tax dues

The booming economy of Gujarat has a darker side too.. as their are many big companies which do not pay their taxes and Owe 4000 crores as taxes from 2006 onwards.

The biggest revenue churner for the state government — the commercial tax department that accounts for 60-70 per cent of the state government’s revenue — may have breathed down a small trader’s neck to recover dues. The department , however, find it difficult to explain why they have been unable to recover Rs 4,775 crore from 13 major units in the state since 2006. The amount includes Rs 1,264 crore in interest.

Indian Economy's GDP pegged at 5 perc for 2010-11

Indian Economy's fiscal deficit for year 2010-11 is predicted to be in line of 5 percent of GDP according to Nomura. Which means it is much less then the predicted.

The government is also looking at raising Rs 40,000 crore through disinvestment this fiscal. It has already raised over Rs 1.06 lakh crore from the sale of spectrum for 3G and Broadband Wireless Services (BWA) services.

The research firm also said that one-off expenses on pay arrears and fiscal stimulus are set to fade. Hence government would borrow 15000 crores less in this financial year.

I am waiting when India would see it's first budget with zero deficit, that day will be golden day for Indian Economy....cheers!!

Normal Monsoon brigtens hopes for decrease in prices :)

(posted under - Monsoon updates, Economy of India) -As the country is now completely witnessing normal monsoons all over, The monsoon is ahead of schedule by 9 days according to metrological department, The Inflation will surely come down in couple of months from now on..

The revival of monsoon rains, the main source of water for 60 per cent Indian farms, will lift soybean and groundnut crops in the world's top vegetable oils importer and help the cane crop in the Uttar Pradesh state, which produces half the cane in the world's top sugar consumer.

The weather office expects total June-September rainfall to be normal despite the June deficit.

Indian Economy booming - Direct tax collection up 15 percent

(posted under Direct tax collection, Indian economy updates) - collection of direct taxes during the first quarter of the current fiscal increased by over a full 15 per cent, driven mainly by higher realisation from the corporate sector.

The higher realisation of direct taxes, which mainly include corporate tax and income tax, went up to Rs 68,675 crore, as against Rs 59,465 crore during the corresponding period last fiscal.

According to the figures released by the Finance Ministry here today, corporate tax collection, which is a reflection on the performance of India Inc, soared 21.65 per cent to Rs 43,439 crore during the reporting period. The government expects to mop up Rs 4.3 lakh crore by way of direct taxes during the current fiscal, an increase of over 13 per cent over the year-ago period.

Is budget 2010 provisions on track??

It has been 4 months since Pranab Mukherjee presented the Union budget 2010 in Parliament. Now the big question is that Are budget provisions on track.

The list of announcements made during budget speech is as following ans I will soon update the present growth of these provisions in reality.

1. Pranab cuts surcharge for corporate, ups MAT
2. First challenge is to get to the high GDP growth path
3. Oil & gas: Budget 2010 low on reforms, high on tax
4. Actual net market borrowing for 2010/11 seen at Rs3.45 trillion
5.15% increase in plan expenditure in 2010/11
6. Defence allocation raised to 1.47 lakh cr
7. Customs duty on silver at Rs1500/kg
8. Pranab Mukherjee allots Rs 173 crore for infra development
9. Service tax remains unchanged at 10%
10. India received FDI worth $20.9 bn in April to Dec 2009 period
11. New Corporate Tax rate at 33.21%
12. FM says economy now is in far better position
13. Rs50/tonne cess on Indian coal
14. Cut in Personal Tax Rate Savings of Rs50,000-8lac
15. Excise duty on CFL halved
16. FM’s Budget makes tobacco cos cough
17. Waive excise duty on solar panels
18. Govt will implement direct tax code by April 1, 2011
19. Agricultural seeds exempted from service tax
20. RBI to release additional licenses to pvt sector banks and non-banking financial institutions
21. Raise excise duty on non-petro products to 10%
22. Implementation of GST and DTC by April 2011
23. Opposition walks out of the Budget session
24. Sets aside Rs 16500 cr for PSU banks to get minimum 8% tier 1 capital by March 2011
25. Restore 5% basic customs duty on crude petroleum
26. Partial roll back of excise duties of large cars
27. Explicit reduction in domestic public debt equity ratio: FM
28. Excise duty raised on all non-smoking tobacco
29. Centeral Excise Tax on petroleum products raised by Re1
30. Raises excise duty from 8% to 10%
31. R&D deduction increased
32. Surcharge for companies cut to 7.5% from 10%
33. MAT increased form 15% to 18%
34. 30% tax on income above 8 lac
35. 20% tax on salary between 5-8lac
36. Govt to set up apex level Financial Stability and Development Council
37. 10% tax for income between 1.6-5 lac
38. No income tax on salary up to of Rs1.6 lac
39. Fiscal deficit seen at 4.8% in FY12
40. FY11 fiscal deficit pegged at 5.5% of GDP
41. Increase in non-planned expenditure is only 6%
42. Planning Commission to plan development of Maoist affected areas
43. Rs 1,900 cr to authorities working to implement UID number
44. UID number to come into effect the coming year
45. Fuel prices to go up from tonight
46. 15% priority lending to minority sector to be maintained
47. Gradual phasing out of stimulus: FM
48. Plan outlay for welfare of women and children doubled
49. Smart card extended to NREGA scheme
50. Raises allocation for health ministry to Rs22,300 crore
51. Bharat Nirman plan for FY11 has outlay of Rs48,000cr
52. Indira Awaas Yojana allocation at Rs1,000 cr
53. More power to aam aadmi; FM cuts tax rates
54. Raises allocation for urban development by 75% to 5400cr
55. NREGA allocation at Rs40,100 cr
56. Social sector spending at Rs1.38 trillion for FY11
57. Stocks/sectors you should bet on post Budget
58. Increase allocation for school education from to 31,036 cr from 26,800 cr
59. Hike allotment to renewable energy by 61%
60. Doubled allocation for power sector
61. Hope to breach 10% mark in GDP in near future: FM
62. Road development allocation raised to 19,894
63. FM doubles allocation, solar power gets boost
64. Proposes to extend interest subvention for export for 1 yr
65. Will reduce fertilizer subsidies
66. Aims to implement GST and Direct Tax Code in April 2011

India's trade deficit to widen to 154 billion in 2011/12

India's trade deficit is forecast to widen in the 2010/11 fiscal year as its rebounding economy raises demand for manufacturing and oil imports, while the euro zone debt crisis hits exports, mainly in software.

A wider deficit would pressure the partially convertible rupee, which has lost more than 5 per cent from its 2010 peak of 44.18 to the US dollar.

India's trade deficit was $117.3 billion in 2009/10, down from $118.7 billion in 2008/09. But a Reuters survey in April forecast the gap would widen to $132.70 billion in 2010/11 and $154.50 billion in 2011/12.

Worst Economies of World

Well I have already posted about the best economies of world, If you have not read that post here is the link Best economies of world, Now I thought why not post about the worst economies of world, So here I start....

Country Name	Rank
Zimbabwe	1
Democratic Republic of Congo	2
Guinea	3
Sierra Leone	4
Nicaragua	5
Burundi	6
Eritrea	7
Liberia	8
Ghana	9
Madagascar	10

the list is based on forbes.com work

Indian Cos investments in USA everincreasing

Indian investment in 2008 was USD 4.5 billion but the investments in 2009 grew 60 per cent higher than investments in the previous year. He was quoting from a yet to be published report by India US World Affairs Institute and the University of Maryland.

This feat has been achieved by acquiring 372 businesses by Indian companies in the US between 2004 and 2009 worth USD 21 billion. which has created an estimated 40,000 employments in the US.

FDI's are down as recession re-emerges from Europe

Foreign direct investment in India dipped for the second month in a row in April to $2.21 billion, down 5.1 per cent over the year-ago period.

In March, the inflows had contracted by about 38 per cent to $1.2 billion. The inflows in the first three months of 2010 were $4.96 billion, down 20 per cent from $6.17 billion in the corresponding period last year.

Fiscal deficit 2009-10 marginal better then Govt Expectations

India's fiscal deficit for the 2009/10 fiscal year that ended on March 31 was Rs 4.12 trillion ($88.9 billion), the government said in a statement on Monday.

The deficit is equivalent to 6.6 per cent of India's gross domestic product (GDP), according to a Reuters calculation, and was slightly lower than the government's revised target of 6.7 per cent.

In February, the government had revised its fiscal deficit estimate for the year to Rs 4.14 trillion. Tax receipts were Rs 4.59 trillion and total expenditure was Rs 10.19 trillion for the 2009/10 fiscal year.

Govt speeds up PSUs stake sale

India's cabinet approved a plan to speed up the sale of stakes in state-owned companies as the government aims to make nationalised companies more responsive to markets as well as cutting the fiscal deficit.

The cabinet will allow state-run companies to appoint investment bankers and other intermediaries at the same time as they seek cabinet approval for stake sales, allowing IPOs to proceed more quickly when market conditions allow.

Previously companies had to wait for cabinet approval before moving ahead with preparations, causing delays that have already sparked problems with valuations as market dip.

BRIC economies growth predictions 2010 - 11

China, India, Brazil and Russia are powering ahead, the Organisation for Economic Cooperation and Development said on Wednesday, revising upwards its growth outlook for all four largest emerging economies.

With the expected rebound of agricultural output in India, growth should be strong in the near term while inflationary pressures would also remain high amid strong outlook for demand.

Russia should use windfall oil revenues to eliminate fiscal deficits more quickly but if oil prices and capital inflows continue to increase rapidly the country would face another boom-and-bust cycle.

In Brazil, infrastructure investment will help lift growth again despite tighter monetary policies and the beginning of spending cuts

World's top 10 reputed companies 2010

Following are the top 10 most reputed companies of the world as according to survey by the reputation institute.

RANK	COMPANY NAME
1	GOOGLE Inc
2	SONY CORPORATION
3	WALT DISNEY COMPANY
4	Bavarian Motor Works(BMW)
5	Mercedes-Benz
6	Apple Inc
7	Nokia
8	IKEA
9	Volkswagen
10	Intel

Investment proposals worth 1400 crore passed

The government cleared 24 foreign investment proposals, including those of media company Asianet and broadcasting firm Tata Sky, worth Rs.1,412 crore.

Asianet's proposal worth Rs.425 crore is on induction of foreign equity to undertake the business of broadcasting non-news and current affairs television channels.

Indian black money and IPL

Well Indian Premier league is just over so i wanted to write on it . As this time i thought the IPL was indirectly related to Indian economy or atleast with the black money which is as large as the legal value of indian economy.

So why was the whole episode of suspending lalit Modi created.?

The obvious reason for that was he brought name of Shashi Tharoor and her so called friend sunanda(oops i forgot to keep the 's' capital) in the eyes of the common men. people now obviously think that the black money which our politicians make from corruption, smuggling, trafficking etc have been properly invested by them in bringing the IPL teams. Prafull (he is full of money) Patel himself might be related (although these alligations have been ruled out by the puppets for NCP)......i mean people of BCCI.

The reason of indian government beginning to go after Lalit Modi is very obvious! that is - you have made one of our most public politician to resign so you have no right to come in front of public too.....(being the IPL chairman). Lalit Modi himself is tremendous businessman and turned this business venture of IPL into profit in the very first year.

The other reason is that the ruling politicians have not got their share of the black money and they are crying...sob sob. There are no proper papers of the deals and after some masala news, News channels have got their share for keeping their mouth shut from now on....!!

It's sad to say that we live in a country being run by ignorant goons!! It's only the hardwork of the people which is keeping our economy on growth path.

Another funny thing from this whole IPL episode was that the minister's use public money for their own pleasures... (example being the Poorna Patel episode). and a false clarification from AI on the whole episode.

God Bless India

Economy of India to grow at 8.3 percent

Assuming a normal monsoon, we expect GDP growth to surge 8.3 per cent during the financial year 2010-11, driven by robust industrial growth and resilient performance of the service sector," D&B said in a report.

Besides, it said that rise in consumption demand is likely to contribute majorly to the economic growth and help augment investments.

Healthy income levels on account of faster pace of job creation as well as broadening of tax slabs -- as proposed in this year's Union Budget -- will create higher disposable income with consumers, driving up demand.

Banks move to Mutual funds as loan applications dip

(posted under - Indian Economy, Mutual funds investing) - According to the latest RBI figures, the first week of April has seen a dip in outstanding loans. Total bank loans as on April 9 stood at Rs 32,41,255 crore, up Rs 1,167 crore over the previous fortnight’s levels. However, outstanding loans were marginally lower than the Rs 32,43,175-crore loans outstanding on end March 2010. The second half of March saw bank loans growing by over Rs 1,00,000 crore — a feat which banking sources say was achieved only by banks window dressing their books.

Banks have invested an additional Rs 50,016 crore during the fortnight ended April 9, taking their total MF exposure to Rs 1,05,519 crore. This is despite the central bank asking lenders to cut down exposure to mutual funds. Foreign exchange reserves were flat at $280 billion during the week-ended April 16, largely on account of revaluation of non-dollar assets.

Govt to infuse 15000 cr into public sector banks - nice move

(posted under PSU banks, banking sector news)- just headrd that the government on Friday approved a plan to infuse Rs 15,000 crore capital into state-run banks in the current fiscal to boost their lending capacity. looks like a nice move if whole amount is infused without anything taken by politicians from it.

The proposed infusion will increase the lending capacity of the banks by Rs 1,85,000 crore. This additional availability of credit is likely to benefit employment oriented sectors, especially agriculture, micro and small enterprises and entrepreneurs that in turn would contribute substantially to the growth of the economy.

Indian Share Markets closes in red | SENSEX | NIFTY closing rates

(posted under - BSE stocks, NSE stocks, SENSEX closing) - Major indian stock indices closed in red as profit booking lowered the indices.

Bombay Stock Exchange’s Sensex ended at 16780.46, down 79.22 points or 0.47 per cent. The index touched an intra-day low of 16705.56 and high of 16877.77.

National Stock Exchange’s Nifty closed at 5007.90, down 28.10 points or 0.56 per cent. The broader index touched a low of 4983.05 and high of 5035.70.

The BSE Midcap Index was down 1.30 per cent and BSE Smallcap Index fell 0.90 per cent.

Amongst the sectoral indices, BSE Realty Index was down 2.88 per cent, BSE Auto Index fell 2.14 per cent and BSE Metal Index declined 1.52 per cent. BSE FMCG Index was up 1.14 per cent and BSE Capital Goods Index advanced 0.42 per cent.

Prediction : Indian economy to grow at 9.2 perc in 2010-11

(posted under - Indian Economy news) - The Centre for Monitoring Indian Economy (CMIE) expects the Asia's third largest economy's GDP growth to accelerate to 9.2 percent in 2010/11 from 6.9 percent in 2009/10.

The measures helped as the country's industrial output grew at its fastest pace in two years in November at 11.7 percent, the economy expanded 7.9 percent in the September-quarter and inflation jumped to a one-year high of 7.3 percent in December CMIE expects the wholesale price index, the main price barometer, to steadily fall to 7.7 percent in the June quarter and further to 3.8 percent March quarter of 2011.

Govt seeks CVC nod for new norms for advisors

The Government has sought the opinion of the CVC to change the norms for appointing investment bankers for advising it on divesting its stakes in the companies it runs.

Last year, the Government had identified over 60 Central public sector undertakings for disinvestment over the next few years to bridge the gaping fiscal deficit and fund its social sector and infrastructure programmes.

Under the plan, the Centre would dilute up to ten per cent of its stakes in those CPSUs which are unlisted through IPOs and those already listed would have to dilute up to 15 per cent through follow-on public offers to meet Sebi guidelines.

The proposed regulations would help the Government modify the criteria of choosing investment bankers from cost- basis to quality-cum-cost basis, as the current norms put those advisors who do not have deep-pockets at a disadvantageous position.

The objective is to give more weight to the quality of these advisors and not just cost.

Currently, the investment bankers are selected on the cost-basis under which the technically qualified investment bankers are selected on the basis of the lowest bid.

India can join WTO pact

India is not a member of the WTO agreement on government procurement and has so far resisted the attempts by the developed countries like the US and European Union to subject Indian state purchases to the multilateral bidding rules.

While the observer status will not mean India immediately coming on the board, it could signal that the country would eventually play the ball, a source said.

The WTO agreement on government purchases is an accord among 30 select countries and is voluntary in nature.

The central government alone has an expenditure budget of Rs 10 lakh crore (approx $125 billion) of which at least more than one third is spent on state purchases. The multinational companies see it as a huge opportunity but find the procurement procedures falling short of global guidelines.

Import ban on steel lifted - sigh of relief for Auto sector

The government on Friday removed restriction on imports of hot-rolled steel, which is mainly used in the automobile and consumer durable industries, giving a big relief to these sectors from rising raw material prices.

A notification to this effect has been issued by the Directorate General of Foreign Trade (DGFT).

The government had put the mother steel product in the restricted category in October 2008, which meant that the users required an import licence from the government.

Experts said the government is allowing free imports as the domestic demand is picking up and steel prices have gone up by 10-14 per cent in the last 45 days.

During April-December 2008-09, the imports of this product were worth USD 2.33 billion.