Mr. Ninan, India, it seems, is cursed with most corrupt and most stupid politicians in the world. The reason why most of them want to interefere with markets is that they know that they have greatness of sorts thrust on them, and they want to show the world how important they are.
Ever heard the saying 'the more things change, the more they stay the same'? It's certainly the case in India - govt controls are dead, long live govt controls!
Its really nice to see your concern about our country, but the only thing which concernes me is WHO IS GONNA BELL THESE CATS (MINISTERS). Forget about the people, we cannot tell themselves as poor or wht i dont know.
public sector companies are meant to serve the public not to make money for the merchants . if they break even they serve the purpose , even if they dont its ok . roosevelt introduced the social security net after the great depression which he openly declared caused by greedy market forces . unions are very strong in the usa . public health and transport and facilities are free in most of the non anglosaxon advanced countries of the world . usa scion of capitalism gives more subsidy than its farmers make in produce , if all we are worried about is whether our iit,iim grads make more and more we are rapidly regressing into barbarism . the shocking disapperance of leftist and liberal views in india threatens the very fabric of her culture . it is not when the most intelligent ,most competent people win through meritocracy but when the man on the streets has the same amenities like an iim grad like they do in white countries thats civilisation . and remember politician are meant to be there for public welfare while a entrepreneur is there for what he can make out of the market for him and his kids
Dear Mr Ninan, This nothing new. Congress politicians with their pseudo leftists and pseudo secular kink in their minds have always destryed the national wealth. I don't they like PSUs or it is their fiefdom for milking the PSU cows fort their political or financial gains. Unless they can show who is the master to the PSU bosses they cannot achieve their goals. Talking of Mr. Chidambaram, hehas been the biggest disappointment in his present avtaar. To me introduction of FBT by Mr. Chidambaram was the biggest shock for me. It looked to me Babus mind rather than an enlightened Harvard graduate. To top it all now the introduction of the new IT returns form. We still seem to be in the days of British Raj to treat the "natives" otherwise till they can prove themselves gentlemen. Iamafraid in the company of Old Congressmen and leftist he seems to have lost his reformist mind set
But politicians like Chidambaram will never listen.He imposed securities transaction tax without any logic.You buy a stock pay tax. you sell that stock at a loss pay tax again.You withdraw your own taxpaid money from the bank pay tax again.How illogical this man's mind works. Jai hind.
