Indian Politicians + Bureaucrats Let Growth Opportunities Down the Drain
As we lay to rest the problems in Eurozone, of course temporarily, we would like to give more detail and colour on Political Deadlock in Delhi and how it is hurting the Indian economy.
How much ever FM Pranab Mukherjee may try to shield his Government in the Press, the Fact is policymaking mechanism in Delhi has now remained jammed for more than a year. There is political infighting within both the main political parties in New Delhi. Hence trust is in short Read more
SEBI Consent Order – Is Reliance Mukesh Ambani Guilty of Insider Trading above Indian laws ?
Whistleblower of the SEBI Consent Order Scam and Corruption at High Places, K Abraham former Board Member of SEBI in his letter to the Prime Minister of India has openly said that SEBI Chairman is pressurizing to settle Mukesh Ambani’s Reliance Insider Trading Case for peanuts. Reliance Mukesh Ambani has profited Rs 500 Cr in Reliance Shares Insider Trading and is liable to fine of Rs 1500 Cr. Read more
SEBI Consent Order Scam Cause Loss of Rs 40,000-50,000 Crore to Government
Politicians and Bureaucrats along with unethical Business Houses including Foreign Investors, Banks, Stock brokers, etc mostly from Dalal Street together have caused a revenue loss of Rs 40,000 Crore to Rs 50,000 Crore to the Government of India since 2002 by means of Consent Orders passed by SEBI.
What is a Consent Order ?
SEBI is a regulator for Stock Market and related entities. It investigates the wrongdoings and fines the culprits. The Culprits without Read more
Industrialization, Innovation by Inclusion – State Government of Gujarat
Gujarat doesn’t need endorsement from Ratan Tata or Mukesh Ambani for Business. The most dynamic ruler in India, Narendra Modi has set an example of Industrialization & Innovation by Inclusion. We present to you some of the facts of the state of Gujarat.
Growing at 2-2.5% higher than all-India average with 20% higher per capita income, Gujarat has chalked out a two pronged strategy for the next phase of its growth boom – Capitalize on its existing strength of industry and entrepreneurship; and Achieve new breakthroughs in agriculture and services sectors.
Industrial Growth
It was possible because of facilitating role played by Read more
US Fed Admits to Weakness – Too late ?
The Fed admitted to its incorrect assessment of the US economy yesterday by highlighting that – the recent weakness in economic activity was reflective of structural weaknesses rather than temporary dynamics (i.e. impact of high commodity prices and events in Japan) and labour market conditions as well as housing markets conditions remain depressed.
In line with its assessment of structural weakness in the US economy, the Fed declared a policy stance Read more
CAG office disputes KG Basin Oil Contract to Mukesh Ambani
The Office of the Comptroller and Auditor General has pointed out irregularities by Shri Murli Deora and others then in the Oil Ministry for favoring Mukesh Ambani in escalating the cost of Development of KG Basin field by 4 times without relevant support documents. The CAG report said,
The undue benefit granted to the contractor (RIL) is huge, but cannot be quantified, the newspaper quotes the CAG’s Read more
Bad + Puppet Leaders of India – Economic Policy Shunted – Emergence of Social Leaders
The World’s Largest Democracy saw emergence of Citizen Social Leaders in the Past 6 Months and have managed to build a massive base of 6% and growing by the day fighting the disease of corruption engineered by the mentally ill Government officers and Politicians. According to leading Political Journalists and Observers in Mumbai and Delhi, the shift of confidence by Indians is towards this new class of Citizens / Social Activists and this is because of loss of public trust in the political establishment, Read more
Is SpeakAsia the Ponzi scheme like Madoff ?
There is very famous proverb in Gujarati literature that “The cheaters are never starved wherever the misers dwell”. Nowadays the name of “Speak Asia” has not only become talk of the nation but it is selling like a hot cake. This company has launched very lucrative scheme to fish out innocent investors as it offers Rs. 1000 return every week if they invest Rs. 11,000 for one year.
How Does Speak Asia Ponzi like Scheme Works ?
It is very simple scheme in which even illiterate person can also participate very easily. You have to register your name with the Read more
Why SBI profits Fell by 99% ?
India’s Largest Bank, the State Bank of India reported Q4FY11 PAT of Rs 209mn, 99% below consensus, primarily on lower NII, higher costs and provisions.
SBI has hiked lending rates by 100 bps (50 bps higher than other banks a catch-up rather than a proactive measure) in 1QFY2012 to offset some of the pressure in margins witnessed. The bank has now fully provided for pension liability of Rs117bn on account of wage hike Rs79 bn through reserves and Rs24.7 bn through profit and loss account during the Read more
RBI for Regime of Free Savings Bank Interest Rate
India’s central bank RBI argues for interest rate deregulation on savings account deposits which currently carries interest rates of 3.5% and has not been changed since March 1, 2003. According to the discussion paper,
it is necessary that all rates move in tandem with the policy rates and the regulated savings rate has adversely affected the transmission of monetary policy. The RBI has not provided any time frame for the deregulation. Given the discussion Read more