I think the reserves should not be touched.I law in the country should see that the money alloted for the projects are used just for the projects and the funds be channelled in a right way.And come down heavyly on all the corupt politicans, who have taken our country back by years in all ways of development. These politicans should be made accountable. Our country can get the projects done with out using the reserves by bring almost more then 90% of our corupt politicans under law.
RE:RESERVES
by proudind on Apr 17, 2007 12:55 AM Permalink
I don't know what to do. Study other nations & how they implemented. We are not the only nation in the world. There were lot of experiment done by others in the field, some got tremendous success, some may not. We take the successful people & do that way or other similiar way suitable for our country in an Indianized ways.
RE:RE:RESERVES
by Senthil Kumar on Apr 17, 2007 09:24 AM Permalink
> I don't know what to do.
most successful management of Reserves is done by Singapore. They did exactly what was proposed in the article, that is to invest in local infrastructure. Singapore is also doing it only in the last 5 years.
China is having close to 1 Trillion invested in US treasuries. (look from USA's point of view, USA would love it when some one accepts their IOU!)
China already indicated that they made big mistake of parking every thing in US treasuries. Because of all the su*kers who are buying US treasuries, USA is able to maintain its extravagant life style. US treasuries are nothing but USA's IOU. No wonder USA is not afraid of running deficit.
RE:RESERVES
by proudind on Apr 17, 2007 10:25 AM Permalink
If one is scolding USA, then better invest in the USA bond is good, I think. Partly infrastructure & partly in US tresury is good, I think. Normally, no one will tell good things for India in this forum, we should understand logically.
RE:RESERVES
by Sudeep M on Apr 17, 2007 09:05 PM Permalink
Maybe we India and China can start Dollar dumping !!! But we need a currency to shift to. May be an proposed Asian Curreny Unit is an alternative.
