atleast in this article "Bank of England (BoE), is referred as the UK counterpart of RBI", instead of saying "Bank of England is like its indian counterpart RBI"
Because, almost in all the articles i see that the indian institutes are being referred to or termed as a counterpart of another foreign institute.
RE:kudos to the author
by viveka kumar on Feb 17, 2008 01:50 PM Permalink
What is the Impact on INDIA when IT Goes down and doller value goes down? Does any body knows....
Historically recession cycle of USA economies is about 12-15 years in between there are only very short term slowdown. Last time we have seen major recession in 2001-2002. Its seems HDFC is not listening to this person view thats why he is posting it on rediff.
RE:cycle
by Sahadevan KK on Dec 15, 2007 07:55 PM Permalink
Dear friend, the question is whether its going to affect Indian ecomnomy. I work in a MNC and in last week we had a presentation from our Businees Head in US. As per presenatiom, evem with rate cuts by FED bank and other measures, US economy will be gloomy till 2009. and if worst happens, then God only knows, how long that will continue. So we must be ready for worst. Our major business is US centric. Almost 80% of IT companies survives because of US. If Nasdaq falls our sensex too falls. At this point of time, we can't delink from US. The people who talk about infrastructure development / job growth in India, must understand that this all depends on US. The money generated by Indian companies by exporting service to US have triggered growth in India.
RE:POLICIES
by Arun Jani on Dec 15, 2007 07:28 PM Permalink
Yes at least the Modi has vision! He has the intelligence to identify the experts of the respactive field and foem the sensible committee and take and implement the necessary steps. See! he has acheived industrial growth in Gujarat.
RE:RE:POLICIES
by Albert Adibadla on Dec 15, 2007 08:19 PM Permalink
Modi's vision of India is he himself siting on a throne in Delhi dressed as a Mughal emperor with sword in his hands....
RE:POLICIES
by ANAND TEERTHA on Dec 15, 2007 07:15 PM Permalink
Your stupid question "CAN ADVANI, KARAT, MODI, VALYPAEE OR ANY OF THE BJP AND CPM (WAR LORDS) ANSWER ANY QUESTIONS RELATED TO THIS... CAN THEY DEBATE ON ANY OF THE TOPICS???". They can debate on this much better. By the by your favourites What Manmohan Singh and Chidambaram doing ? Their policies are pushing middle class and lower class people to below the poverty line !In fact they doing good to foreign economies than indian economy.
RE:POLICIES
by pasu pathy on Dec 15, 2007 07:29 PM Permalink
man mohan singh has learnt economics in Oxford., where as Advani has learnt it in India the hard way! who is better to know indian's problems??
RE:POLICIES
by Albert Adibadla on Dec 15, 2007 08:13 PM Permalink
WHERE DID ADVANI LERN THE ECONOMICS -- LENDING MONEY TO PEOPLE??? OR LIVING OFF SOMEONE ELSE MONEY?? DID ADVANI EVER ANY RUPPEES WORKING?? WHAT HARD SHIP AR EYOU TALKING ABOUT??
RE:RE:POLICIES
by Albert Adibadla on Dec 15, 2007 08:17 PM Permalink
WHAT MIDDLE CLASS AND LOWER CLASS ARE YOU TALKING ABOUT???
WHAT WAS YOUR STANDARD OF LIVING 5 YEARS AGO?? WHAT IS IT NOW??...
WHAT WAS THE MINIMUM WAGES OF THE LOWER CLASS 5 YEARS AGO?? A CONSTRUCTION WORKER IN BANGALORE USED TO EARN 90 RUPEES 5 YEARS AGO NOW HE EARD 200 RUPEES.. HE HAS A TV AND FRIDGE AT HOME...
WHAT DID BJP DO IN 7 YEARS??? INCREASE THE DAILY WAGES FROM 65 TO 90 RUPEES (NOT EVEN COVERING THE GENERAL INFLATION)....
BJP is going to hire all the IT professionals -- About 94,000 who are going to be laid off...
CPM - Is going to finance all the mortgages and construction /associated workers (which will be stopped in mjor cities)...
LET INDIANS SUFFER.. LET INDIANS WHO COMPLETELY IGNORE THE WORLD OF FINANCE AND LISTEN BLINDLY TO STUPID POLTICIANS AND MONKEY MINISTERS... AND THE YOUNG GENERATION WHO FOCUS ONLY THE MUSIC AND MOVIES SUFFER...
RE:BJP and CPM to the rescue
by Prakhar on Dec 15, 2007 07:32 PM Permalink
And people like you wd just type here! Go join politics. If u say ministers are monkeys ... you have put them there! so you are ridiculing yourself.
We balme the usa and bang hard at every opportunity and yet are so fragile that our economy depends on them. Not to worry our left parties have an answer for everything and will pull and ace.
RE:Not to worry the left parties to the rescue
by prakhar deva on Dec 15, 2007 07:35 PM Permalink
USA is not to be blamed. We copy USA so our children have started shooting in schools.
RE:Not to worry the left parties to the rescue
by Ashok Gupta on Dec 15, 2007 07:03 PM Permalink
Your reply does not answer anything kindly think and then comment and no need to get personal.
RE:Not to worry the left parties to the rescue
by Swami Aravind on Dec 15, 2007 07:12 PM Permalink
If Ashok is driving a Taxi what is wrong with that? You know one thing most of the Taxi Drivers are earning more than IT programmers in Western Countries. All legal jobs good. Change attitude friend (Truest Indian)
Balance of Power has already shifted to China. Demand is now only with the oil based economies. US is just a debt-ridden economy; you can't generate demand with debt, mate! India's exports is quietly shifting to other countries.
RE:All BS
by Ashok Gupta on Dec 15, 2007 07:09 PM Permalink
How much trade do we do with China in comparison to the USA ? China is a difficult customer to sell to as they are themselves exporters and will go to any price level to earn a dollar.
RE:Nothing much to worry!!
by Albert Adibadla on Dec 15, 2007 07:20 PM Permalink
YOU ARE WRONG --- DO YOU THINK THAT YOU WILL GET BACK 12 RUPEES PETROL AND 3 RUPEES KEROSINE? DO YOU THINK YOU WILL GET BACK 5 RUPEES MEALS AND 1 RUPPEES TRANSPORT....
INDIANS ARE BEYOND THAT POINT. WHEN RECESSION STARTS
POOR PEOPLE WILL BE HIT HARD (THOSE WHO DO NOT SAVE) - THEY WILL DIE WITHOUT FOOD, WATER AND MEDICINE UNLESS THEY GO BACK TO THE VILLAGES CPM VOTE BANK... --------------
MIDDLE CLASS WILL SUFFER - THEY WILL SUFFER. THEY WILL BE UNABLE TO PAY THE MORTGAGE.. THEY HAVE TO FIND CHEAPER RENTED HOUSES AND LIVE OFF THE SAVINGS SINCE THEY HAVE LOST ALL OTHER SKILL SETS (OTHER THAN IT) THEY WILL NOT BE ABLE TO FIND A DIFFENT KIND OF JOB... BJP VOTE BANK IN CERTAIN STATES... -------------- UPPER CLASS- NOT LIKLEY TO SUFFER AT ALL...
ALL THESE BECUASE INDIA'S SKILL SETS ARE FOCUSED ONLY IN ONE OR TWO AREAS... INDIANS ARE VERY BACKWARD IN ALL OTHER AREAS THAN NON-PATENED INFORMATION TECHNOLOGY...
RE:Zabardast discussion
by Daddy on Dec 15, 2007 08:02 PM Permalink
mast bola sunny....sala econmy ki poonch nahee maloom badeee badee baat kar rahey hai
