I think its a very nice apportunity for corrupted prople to do more corruption.We are having ample fund to do infrastructure but all is going in the pocket of thses corrupted politics.So why dont you see the otherways to invest these money into just like child care,education for poor and so many things are there.
RE:Lead to more corruption
by Vishal Soni on Feb 08, 2007 02:19 PM Permalink
How do you ensure that money diverted to childcare, education etc.. will not go to corrupt politician's pockets?
It is a good idea to invest the PF & EPF in infrastructure developments but a commitee should be formed with good and autoritative people to monitor the activities. Definitely the politicians should not be allowed to operate.
India is now on the theshold of making really big. Only thing which is holding it back is lack of proper infrastructure. Total face lift will greatly accelarate our progress. So I think it is great idea to invest in infrastructure, but with due transparency.
This is totally unfair and bad idea to invest in infrastucture development. In case invested, I strongly believe that it will develop some more politician than doing infrastructure development.
I am of the view that investing the PF into a combination of infrastructure , equity, debt, bonds. Balancing this within them will give security and protected returns.
I agree with what CPI is suggesting, Infrastructure has a long way to go and investing in it will give better returns for the future.
But we need clarity as to how will it be invested. Whether in Bonds/ debentures, Shares of infrastructure company, loans. The amount is large enough to warrant absolute transperancy. But I wonder where is this amount currently invested. Is this amount available or is locked in some govt borrowings or PSU Banks or PSU undertakings.
