Re: Economic gloom: India was never looted so badly
- Dr MMS and Chidambaram are the biggest looters of India. They joined
hands with India INC to loot Indians through Share Market. They
formed partnership with real estate developers to loot Indians. All
Indian PSU including RBI are bankrupt. India is a bankrupt nation and
so called figures of GDP etc are eye wash. All constitutional watch
dog including CAG, Courts, president and media have joined hands with
UPA to loot people. Entire Indian INC is SATYAM and Dr MMS is grand
father of all Rajus.
--- In India-Force@yahoogroups.com, Ravinder Singh
>Barring some full stop here or there I donât see any change in your
> Economic gloom: India was never looted so badly
> Dear Sanjay,
> It is more than five years since I first interacted with you.
> Âyou never seems to learn.
> We as humans learn from every news every experience I wonder how
> Âwas four decades behind small cars already introduced in Japan. Alto
> Corporate didnât develop any significant technology. Even Nano
was first introduced in 1971 with 543 CC engine.
> Âwhen there are Corporate who learn more ways to SWINDLE India every
> Everyone in society has to co-operate for economic progress but
day we are heading for bad times.
> Âa hoax planted by Tata. Honda, Nissan, Toyota, Suzuki all started
> Your favorites have not developed a single technology- even Nano is
with small cars with 550 CC engines around 1970.
> Âbusinessmenâ. Neta Babus were actually conned in to supporting all
> It was foolish of you to believe âneta babu steal for
their Illegal Demands. NDA allowed them to raise the holdings in
companies from 10% to 30% and common shareholding was reduced to 10%,
NDA didnât recognize IPR of millions of our engineers, they
demanded âIncentivesâ to make Underwear Technologies, they
demanded lower taxes, they wanted Cheap Credit, NDA obliged. Under
UPA they demanded 500 SEZs almost free of cost GOI obliged, they
wanted Free Trade Agreements, they demanded âMONEYâ to take over
companies five times their own size - Corus & JLR and other foreign
companies UPA obliged. Â
> Âmonths his income go up by Rs.2 lac per year (Productivity Doubles).
> Give a loan of Rs.1 lac to a farmer to install a tube-well, in six
You give $20b to Tata he will make India poorer by $40b in say 20
> ÂCoal mines with 1000 MT reserves â" government obliges.Â
> When coal requirement of UMPP is 12MT per year they demand three
> Âobliges, they demand Rs.8000 crores in six years for 80% of Delhi as
> They demand to replace meters every three years, government
capital expenditure that may be 5 times more than last 40 years
government obliges â" but power shortages remain.
> Âoperate 40 years old oil fired units.
> Tariff in Mumbai were increased 50% in 1997 but TPC continues to
> ÂOwners of national asset.
> Mukesh refuses to supply CNG to NTPC â" a licensee behaves like
> ÂMonsters Ambanis & Tatas and others were creations of NDA. There is
> R.K Gupta had put all the blame at the doorsteps of UPA but the
very little UPA can do to rein in them. Judiciary in KG gas case has
failed to direct RIL to honor contract it concluded with NTPC.
> Âsteal for themselves. If government brings licence Raj and keeps
> Ravinder Singh
> February24, 2009
> "Sanjay Jadhav" sanjayjadhav1999@...
> Mon FebÂ 23,Â 2009 3:57Â am (PST)
> Re: Economic gloom: India was never looted so badly
> Dear Mr. Arvind Amin,
> Why would the neta babu steal for businessmen? They can as well
businessmen waiting for licence, electricity, telephone for 12 years
to single year, do you want to say that businessmen have bribed them
for it? Bribe paying person is victim and not co-conspirator.
> ÂSteel, aluminium, coal, electricity telephone is bad for the society,
> (a) If government thinks that presence of private businessmen in
and then passes ID&R Act 1951, government ought to share the blame
for its outcome. Capitalism or bribe paying businessmen has nothing
to do with shortage, exploitation.
> Âthrough government offices and 100s of PSUs, what businessmen can do
> If Government thinks that it is in best position for creating jobs
except waiting 45 years for government to change its mind?
> Âmoney is falling apart after 30 years cycle, we must accept that they
> IfÂ 90% of theÂ PSU installed or nationalized through taxpayers
were nationalized, monopolized, created for dubious justifications.
At least government was unfit to that job. If the public money is
going down the drain right under the nose of neta babu, how
businessmen is responsible. Wishing the PSUs to fail can not be
> ÂIndia has to import 75% of the Crude in 2008 at $130 barrel,
> If oil exploration is reserved for public sector for 45 years,
government alone has to share the blame.
> Ârobbed the tax payers for investing in these government monopolies,
> (b) Government monopolized the education , health services and
and dished out unfit education and health services, how profit
chasing businessmen are responsible for it. India has been conducting
census every 10 years. Based on age wise report of 1951, 1961, 1971,
in each district, one can easily predict the demand of education
facilities health facilities, employment, food. If the government -
particularly when private sector is legally prevented / incapacitated
fromÂ making factories or producing jobsÂ -Â failsÂ plan education
health employment, how businessmen are responsible for it?
> Âauthorities, Noida, Greater Noida, HUDA, DDA. Then creates shortages
> (c) Government passes laws for monopsony of Ghaziabad Development
of houses, then exploits the common citizensÂ by suchÂ scarcity for
corruption and high price. How the businessmen becomes co-
conspirator, except as post mortem doctor.
> Âfree play of the market, necessarily armed by proper policies, was
> (d) India did not have capitalism till 1991 AD. Thereafter wherever
allowed, we have seen productivity improvement, improvement of
quality/ service and also wealth creation. e.g. telecom, cable TV,
> Âbabus. But do you want to suggest that they paid the bribe for
> (e) I will admit that businessmen had been paying the bribe to neta
nationalization of Air India, 100s of insurance Companies, banking
Companies, textile Companies, coal Companies, railways Companies,
Hindustan Aeronautics, Vizagapattanam Shipyard, Cycle
Companies,Â 100s of electricity Companies, 100s ofÂ Jute Companies,
etc.? Keeping in mind the problems of private Companies, their
callousness, their incompetence, funding problems, harrassment of the
consumers, nobody will pay bribe to the neta babu for surrendering
their Company to government.
> Âfunded cooperative sugar factories, milk schemes, NAFED, Agriculture
> (f) Government have installed many dubious schemes like government
produce marketing Committees for so called public interests, with
shaky justifications. The schemes were supposed to be with
participation of the weaker sections and with taxpayers money. If
every one of this failing draining Croes of rupees in drain, how
businessmen is responsible for this?
> Âlaws (Industrial Development and Regulation act, 1951, MRTP Act 1968,
> Will they pay bribe to government, for passing restrictive business
FERA Act? Please think as business executive or businessmen. Do not
think like journalist or school teacher.
> Sanjay Jadhav