See this article of July 2006. We are still talking talking and talking. I am sure once we implement it, Medha Patkar / Mamta Benerjee will come opposing the scheme on which this money is planned to be spend. Look back, one of the cherished article in support of NBA says Narmada dam will not produce 50MW. Now look into the fact.
If we look into past, Telecom revolution in India was of National interest and finally we are reaping the benefits, while we have to keep improving.
Golden quadrilateral is another scheme which benefits India.
Now India wants SEZ, another strong step which will impact whole of India. But look into opposition from various corners.
I wonder when will Montek get it going. will he be allowed ??
why do farmers suicide ? what explanation does the fuc*****g MLA of that place give for this. why dont he resign taking the moral responsibility of the incident?????
Reading this article, I remembered about how much hue and cry happened in kerala for the ADB loans for drinking water and urban development. With so much money with the central government, why states should approach such external agencies such as ADB and IMF for getting loan? Why can't the central government distribute part of the foreign currency deposit for such developments?
starting from devlopment i would like to ask what devlopment we achived in past decades,,railway was already expanded to every corner, airports were already made------what new projects we come to see in past decade when economy swelled to 15000 sensex points; none
when initially india was devloping how they funded railways, airports , highways and powerplants before indian economy boom started..
in 1991 indian forex was 1 b $
is it improper planing or not use of forex reserves that is causing the downturn in infrastructure
what do u mean by upgrading infrastructure , can anyone give me the breakup of the 350b$ fund required
who is the gurantee for this fund that there will be no misuse and complete upgradation will be finished with this
how is reserve bank prepared in case of market crash , fall of dollar , us slowdown impact on indian it bussiness,
how is government prepared for energy needs when maharashtra is starving for electricity why cant the central grid share the load
do govt have sufficient stocks of medicine if bird flu , sars like deseases attack
this is request to our govt atleast give us temporary relief and solve our immediate problems
1. forex reserve has nothing to do with infrastructure, this get accumulated when RBI buy us $ to keep the Rupee low price to help exporter.
2. 350 billion us $ break up... dude with a country of more then 1 Billion 200 billion us $ is only 10,000 rupee per capita, don't you see all around you, how much money we meet to be even at pas with thailand ( forget about western countries, we will need 3,600 billion us $ to think of compete with them. 3. what gurantee u are talking about, if indin polito class get a chance, they will sell even every once else mother and sister too ( except their, since no one will buy theres. 4. RBI : what are u talking about dude, they spend 15000 cr every year to make sure that u remain poor.. see how hard they are working. 5. centre grid to share power with maharastra.. r u mad, if they share then entire country will have 23 hrs of load shading.
6. health care.. woh kis chidya ka naam hai....
7. what problem dude, if u want a solution they will give u a permanent solution by making iu sleep for ever...
RE:use it--finish it----borrow new,,,,
by vinod ssssss on Apr 16, 2007 07:49 PM Permalink
i think this descussions and statics is all stupid right these politicians have already decided what they want to do , if problem is there then only we will be dependent on them so they give us always temporary solution .
everything here is illusion people are trying to create stories and keep us engaged in them , like cricket, budget,elections, hindu -muslim issues, border differences
even america is also planning to create their market here like artificial it boom, so that there will be more bussiness , they will sell there patented products and lure us giving upgrade to everything
making indian girl miss universe , world to create cosmatics market in india
i dont know many more things there is big politics
yes my friend this gulf war , rise of india, military help to pakistan this is really big politics god save indians and rediff.com
RE:RE:use it--finish it----borrow new,,,,
by ASHOK on Apr 16, 2007 08:04 PM Permalink
>> forex reserve has nothing to do with infrastructure, this get accumulated when RBI buy us $ to keep the Rupee low price to help exporter.>>
Agreed we do not want Rupee to apreciate. But with a part of ths 200 Billion Dollar, we can definitely have more power plants / We can have cemented Roads, We can have more Drinking water schemes. All this will not impact Rupee / Dollar balance. It will generate more jobs. If we have jobs for every one, who cares about Arjun Singh and his reservation policy. Right now India is top contributor to US universities. Why not use this money to have these guys in India.
As such 200 Billion Doller, for a 1 billion Population country is not a big sum. Top 2 fortune 500 companies spend more 200 Billion doller per year, and remember we are not accumulating 200 Billion Doller every year.
It is known fact that parking most of 200 Billion Doller in US treasury, we are an implicit partner to US policies. As they are using this money and we get paid is interest.
Instead of counting interest we should have trust in ourselves and use this money in generating Infrastructure in our own homeland.
Indian farmers are committing suicide and we are bloating and happy with meagre 200 Billion $. Since we have learnt how to earn more dollers, we should learn how to spend them wisely. I really salute those who saved us from the humiliation of shiping Gold and reversing the tide.
I hope Indian Govt. understand that indian do deserve better infrastructrure even if not world class, ( we rank below sub-sahara), i hope this dead money find better use then financing american consumers.
we dispice( indian govt) american and still providre cheap money at 3.25%. where as we indian citizen pay 11.5 % for housing loan or 16% for car loan.. what a caring indian govt.
RE:we need infrastructure
by ASHOK on Apr 16, 2007 07:42 PM Permalink
Bharat I agree,with your comments. For now we can not ask for interst rate reduction for cars, but in Housing we should get it. It will generate more jobs and circulate more money to needy and poor. But as far as Infrastructure is concerned, we need our hard earned 2 Dollar per son on our land. Not on US Soil or fueling US military might. We need it more than anybody else.
Combining growth with a curb on inflation should be the primary aim of the economist , The chinese has exemplefied that growth without inflation is possible .
This 7 Billion $ can seriously impact the inflation , as indian business is already borrowing billions of dollar from over seas market as if there is no tomorrow , this coupled with the forex 7 billion $ will increase the buying power and will create yet another supply side inflation scenario which affects only the poor and needy . The cash flow has to be managed in a such a fashion so that there is no burn out of Indian Economy .
The economy is already facing inflation challenge when Indian inflation is around 6 % when Globally inflation is quite low . Its a very tricky issue and has to handled with great care . I hope the indian politicians headed by Manmohan Singh will take the correct decision .
RE:The Inflation Issue !
by bharat Maheshwari on Apr 16, 2007 07:05 PM Permalink
dude, let it happen, money lying with RBI is a dead investment, if this money is used for productive use ratehr then financening usa consumers, indian will be better off
RE:The Inflation Issue !
by ASHOK on Apr 16, 2007 07:25 PM Permalink
Please Be aware, most of it might be a paper in the hand of RBI, But as liquid money most of it is being circulated in US economy. Mute point is, we have to circulate and multiply it on over own soil.
Well whenever i read such good articles telling you very frankly i just wonder how these economists think of such far before then we can even imagine.
I really salute such wonderful people and specially to such people who are in politics like our prime minister Dr. Manmohan Singh and Finance Minister P. Chidambram and really other people as well.
Just one request to these good people kindly till the time you are in power kindly make the selection criteria at the crucial govt. jobs level quiet efficient to select only good people and kindly make their jobs a bit lucrative who can compare with the private offerings.
Do it guys as more than 100 crore people future is in their hands.....
don't give undue credit to the auther. 196 billion us $ with RBI is all dead investment and lying there because of us indian who are so paranoid. let this investment put to better use then mis-handled by RBI and used to finance american consumers, and i say, why only 6 Billion $ why not half of indian reserve
