All these measure are just eyewash. It is well known fact that prices of steel, cement and sugar will increease before general elections. Because the manufacturers of these commodities have to give hefty sums to political parties (both ruling and opposition) for election expenses. In turn they are allowed to increase the prices to make up the expenditure. It is a tacit understanding between all political parties and manufacturing associations. All these meetings are just drama.
RE:RE:RE:controlling inflation
by rakesh dikshit on Apr 21, 2008 07:32 PM Permalink
Please donot stry out of context 1. There has been an increase of USD 465 per ton in the price of HR Coils ex US mill in the last eight months ( from USD 538 per tom in August 2007) to USD 1003 on 19th April 2008. Does this indicate anything to you 2. There has been an increase in the price of Iron ore from USD 73 per ton in August 2007 to USD 124 per Mt in March 2008 in China. Does it indicate any thing? 3. The price of coking coal has increased from 218 USD per ton to USD 435 per ton in the past 10 months. DOes it ring bells? 5. Does it require any guess work for an Indian company to sell its finished products without paying for the hike in its raw material costs. 6. Yes elections are there. Donations will be there. Bu the same manufacturers paid for it even when they were incurring losses during the 1998 to 2004 period. Two elections were held during this period. 8. Let Mr Lalu Yadav try to give some respite to the miners by reducing the freight charges - Is it not a fact that he has made a profit of more than Rs 12000 crores.
RE:controlling inflation
by raj on Apr 02, 2008 11:04 AM Permalink
good point. but this time around - the prices are already sky high, and any more will hurt everyone badly. just that the politicians are just not bothered. when will, we the people, stop looking away ?
when the agriculture minister is more interested in IPL and how to jail mister dalmiya and forming a stratergy to ban ICL players this was bound to happen.
We always hear our politicians saying that ours is an agrarian economy, where 60 percent of the population depend on agriculture. But, nobody does anything for the farmers of this country. For the last so many years farmers in our country have been deprived of their rights. Their right of getting the best price for their produce. By banning the export and reducing the duty on imported edible oil to zero, our farmers are being asked to compete farmers in the developed country with their hands tied.fter so many years farmers in this country were getting the right (not good) price for their produce. The prices of soybean has gone up from Rs. 1400/q to Rs. 2200/q this year. I fail to understand where is the problem if the income of 70 percent of the population in increasing by 30-40 percent. Secondly, the govt. pays Indian farmers Rs.1000/q (minimum support price) but imports wheat from other countries at Rs. 1600/q. Why can't they the pay the same price to our own farmers and buy more wheat through government organizations. The fact is the govt. has taken much more from the farmers of this country than what they have give to them in forms of subsidy. There would not need any help from the govt. provided the farmers are given the right to sell their produce at the right price.
Why govt want to import ? The international market price are higher. Who will be benefitted by importing? Sharad Pawar imported grain turned to be a 1000 crore scam.What the govt is doing?Manmohan Singh and Chidambaram who are financial experts are doing silly things.Why?
RE:Who will be benefited by the reduction in import duty?
by Prof. Vilas Shah on Apr 02, 2008 10:04 AM Permalink
It is like this. You can buy say 100 tons from indian farmer at regular rates and shortfall of 10 tons from international market at higher rates. If you pay that price for entire 110 tons then you spend much more..!
The record of UPA specially on the election eve year is a dismal failure, despite the PM and FM being considered "experts" in economic field. There is no point in shouting from housetops that "we shall do everything to control prices"; the government policies and programmes have failed. they are now trying to twist the arms of steel makers and cement producers to control prices, when the raw material prices are soaring. Merely cutting import duty or imposing export duty does not help; production oriented policies have to be pursued. By pressurising private sector to cut down prices, government wants them also to be losing corporates like they have reduced the PSUs. The government has no guts or ideas. They better quit.
RE:Inflation control
by raj on Apr 02, 2008 11:06 AM Permalink
60k crore relief on election eve to farmers. the burden is going to be someone else's spread over next 5 years. and the headache is for the honest farmers who will look like fools who returned the money with great difficulty; and also the banks who lent money.
what were the ministers ding all these years when all those farmers committed suicide?
besides, if 85% of farmers took money from private sources. where will all that 85% of 60000 crores go ?
RE:Inflation control
by GOLDI on Apr 02, 2008 11:23 AM Permalink
YOU ARE REALLY A KUP MANDOOK ( FOOL).WHO TOLD YOU THAT GOVT. IS ARM TWISTING STEEL AND CEMENT PRODUCER ? IT IS ALL GAME THE STEEL AND CEMENT PRODUCER HAS A BIG SYNDICATE AND ALL POLITICIAN ARE PART OF SYNDICATE.FIRST THE INCREASE THE PRICE WELL KNOW TO THE POLITICIAN AND THERE AFTER REDUCE A SMALL PART OF IT TO MAKE PUBLIC FOOL.DO YOU EVER THINK HOW CHINA IS PRODUCING CHEAPER STEEL WHILE IT IS IMPORTING IRON ORE FROM INDIA NAD OTHER COUNTRIES AND SMALL COUNTRIES LIKE THAILAND ,SOUTH KORIA ARE PRODUCING FAR FAR BETTER QUALITY CEMENT AND SALEING FAR CHEPER THEN OUR CEMENT COMPANIES
A Government should function with a clear agenda. Departments are set for proper implementation of the common purpose. If Lalu Prasad stops supply of waggons can the people eat Iron Ore. The ministers and MPs are simply saddling the Government Expenditure by taking away precious tax money collected from the public without helping them during difficulties. Individually they may be efficients but collectively they are not able to Govern the country properly. How sad.
RE:IS THIS UPA ONE GOVERNMENT OR JUST A GROUPE OF POWER BROKERS UNDER ONE LAME DUCK PM
by Bhagwat Pershad on Apr 02, 2008 08:59 AM Permalink
UPA GOVT is not only of power brokers but of dalals,exploiters also. MOST IMPORTANTLY TRAITORS WHO OFTEN WORK AGAINST THE INTEREST OF INDIA AND INDIA FOR THEIR OWN PERSONAL INTERESTS.
If you look at criminals , those allegedly having links with ISI and LTTE, UPA MAY BE A TERRORIST OEGANISATION. They certainly protect terrorists afraid of loosing Muslim Votes.
Let us assume that there is a linear relation between the demand of a product with time and the supply met that linearity and the price, hence was maintained at a constant level. Now, one commerce minister wanted to increase the reserves of his governments treasure and cut the supply to half and exported it for a much higher price. The global price was much higher because the global supply was far less than the global demand. This brought in more reserves but at the same time doubled the prices locally. People would panic and hence the politicians, raised the prices of various comodities by a small percent and diverted the funds to wheat so that the price is somewhat stable. They thought that they could do it for as long as the party remains in power as the money channelling due to the difference between the global and local prices is sufficient to keep the economy rising. Their stupidity became enlighted when the other products supply started diminishing and hence these guys could no longer divert the funds to maintain the wheats price stable. They didnt know how to cover the deficit....and couldnt even figure out how to create a new product as we never create products in India...we just buy them. We even buy education (believe me its true), military equipment (legal or illegal...remember the two ship loads of micro controllers first shipped to singapore and then re shipped to india for our missile program?)...ohh yes, we manufacture culture, pride and ego.
RE:Looking Down Upon People
by bhagwat goel on Apr 02, 2008 09:04 AM Permalink
According to a programme shown on a TV channel based UPA government figures ; THE CONSUMPTION OF DALS,OILS AND GRAINS ETC HAS BEEN 15% or so in 2006 than in 2001 BASED UPON RUPPEE VALUE.
Based upon the almost 80% rise in price , IN QUANTITY TERMS CONSUMPTION SHOULD HAVE GONE DOWN BY ATLEAST 40%.
IF so where all these commodities gone. THIS IS ONE QUESTION UPA ALONGWITH ITS ASOCIATES ALL THOSE BIG COMMODITY DEALERS HAVE TO ANSWER AND EXPLAN.
we are exporting massive amounts of iron ore from india and importing expensive steel. but the profits of exports goes to only select few who in turn keep the pockets of politicians warm ( karnataka for example). should ban total ore exports. if you want to produce it produce it in india at least it will generate employment . why wate it by exporting
RE:iron ore politics
by MOGAMBO peter pan reincarnated on Apr 02, 2008 06:36 AM Permalink
i agree. instead of exporting ore. we should build, ships, car and industrial equipment from iron and sell it at 1000 times the price.
RE:iron ore politics
by raj on Apr 02, 2008 11:10 AM Permalink
yeah, the big point. why export ore ? no one except india does it whole heartedly. we must look like idiots to china. they must be laughing their asses off, looking at the sick perverted greedy politicians - who will stoop to anything to make a few bucks.
RE:iron ore politics
by Mohan Kumar on Apr 02, 2008 07:45 AM Permalink
All sounds soo good...'lets not export iron ore and export only steel and cars'. But at the same time we dont allow Tatas to setup their car plant, we dont allow Posco to setup their steel plant... thats leaves us nothing but the raw material - iron ore!
RE:iron ore politics
by Anshuman Dalmia on Apr 02, 2008 09:09 AM Permalink
iron ore is quite a touchy topic for our politicians believe me. the recent rise in steel prices has seen the govt put pressure on the manufacturers to roll back their prices, seen them remove export incentives, seen them reduce import duties on scraps, seen them reduce excise duty, even suggest a regulatory body to control prices, almost like they did some 10 - 15 yrs ago. But no where has any minister had the guts to come out and ask the iron-ore miners to stop raising their prices at the drop of a hat and at their whims and fancy. It is shocking but true that the royalty the govt gets from iron-ore rising is not even 5% of the ore price while the miners are actually operating at margins of 70% - 80% if not more!! minerals are a country's assets and to have our ministers control them without a national policy governing it is like gifting a monkey a camera. i couldnt help but read in between the lines when the report above says that miners are big political contributors. gives me some food for thought for an entire day today!
Few years back I really hated Lalu for making Bihar a backward state. But I am starting to admire this guy. Once he was the number 1 crooked politician and now he has been coming out with all sorts of bright ideas. Look at the Indian Railways and how he turned it out as a profitable entity. I guess he started using his crooked brain to do something good. If all the politicians use their crooked brain for the uplift of the country then I am 110% sure that India will be out of poverty and shine like a star. Jai Hind
RE:Good Job Lalu
by Rambothu S on Apr 02, 2008 05:21 AM Permalink
Competition is always good. He has a good competitor in Nitish Kumar. A highly educated person with a clean and please-do-the-job honestly image (dont know about reality).
RE:Good Job Lalu
by jai on Apr 02, 2008 06:25 AM Permalink
YOU ARE REALLY A BIG FOOOOL ...is railway a neighbourhood shop which could be transformed overnight??? This is all done in regime of NITISH kumar whose resultss Laloo the crook is reaping..same will happen with Bihar noww Nitish is bringing Bihar back on track like railway but this stupid voters will vote anti incumbency in next elections and laloo will again claim channging bihar overnight!! and u educated fools will ask him to deliver guest lectures in top managment colleges...why don't any one asked him to deliver lecture on making bihar a ruin in his 15 years...keeping Bihar constantly in lowest place in every surveyss....shame on u mindless so called minded ppl...
RE:RE:Good Job Lalu
by shubasrikrishna on Apr 02, 2008 11:23 AM Permalink
Railway tunraround is neither due to Laloo or Nitish. The freight business went up and hence the turnaround took place.
Lalu is including the sess into his profit, which none previous ministers did.
Railway is continuously moving positive direction since 1994, induction of three able Railway officers. Dont give credit to any railway ministers in between.
RE:Good Job Lalu
by pravin sarode on Apr 02, 2008 08:58 AM Permalink
if u travel in local train in mumbai from mulund to masjid then u will curse rail mantriji it is like french queen who said eat cake if u do not have bread to eat lalu says travel in 3 tier ac if do not get accomodation in 3 tier sleeper class
