RE:Nuclear Deal
by JI HUA on Jul 05, 2008 01:06 AM Permalink
what a foolish you are the inflanation is rising because we are not deciding between iran's gas deal and america's nuke deal (as we can get only one)
RE:RE:Nuclear Deal
by JI HUA on Jul 05, 2008 01:07 AM Permalink
adding economists say inflanation will go down to 7% once we sign nuke deal and to approx 8.5 % if gas deal
RE:Nuclear Deal
by Hate Who divides on Jul 05, 2008 01:12 AM Permalink
IN any deal we r going to lose money ....... so inflation will be high only ........... If Iran Pipe line is done .....we will get gas cheaply ..... we will not under any pressure like in Ndeal for uranium
RE:Nuclear Deal
by Rajasen Basher on Jul 05, 2008 01:00 AM Permalink
If he doesn't go, will the inflation come down. Those are totally not linked at this point of time.
RE:Nuclear Deal
by All Right on Jul 05, 2008 01:14 AM Permalink
Much of India's inflation is not due to local supply-demand factors. You must keep in mind even during NDA tenure, inflation was over 7% for the entire 2001. This was when the price of oil fluctuated within the band of USD 20-30 per barrel. Today it flucuates in the band of USD 140-150 per barrel.
As long as oil spirals, there is nothing anything any government in the world can do. Even in Saudi Arabia, Russia, the two top oil exporters, are experiencing double digit inflation.
Similarly, our stock markets have collapsed. We can blame the government only when Indian stock markets collapse. But this isn't the case. All over the world stock markets have collapsed.
The government of India has taken steps -curbing exports of essential commodities and tightening monetary policies. This will take some time to kick in.
The Nuclear deal is part of the long term strategy to curb inflation as it relates to energy security. It makes our dependence on oil that much lower. Without power, we cannot sustain our high growth rates.
The BJP only fools people that they have a magic wand to curb inflation. They have no solutions which they have made public
RE:Nuclear Deal
by Hate Who divides on Jul 05, 2008 01:25 AM Permalink
After the 100% implementation of deal the Nuclear power share will increase to 12% maximum ...................... do you think this much share will kill energy crisis and brings down inflation??? Dont be silly .............. Look at the practical implementation and US Imperialist policy ....... what happened with Ukraine ..........NSG formed to curb India Nuclear weaponisation ........... Indirectly they want to target Iran and Russia by making India as a middle player
RE:Nuclear Deal
by All Right on Jul 05, 2008 01:43 AM Permalink
Sameer. Looks like you are not an economist. All GDP growth figures are adjusted to inflation. Which means if under the UPA growth averages 9%, this is adjusted to inflation.
The av growth during NDA was 5.5% similarly was adjusted for inflation.
For the entire 2001 (NDA), inflation was 7% average.
RE:RE:Nuclear Deal
by Aasim on Jul 05, 2008 01:20 AM Permalink
I'll agree to your statistic if the UPA were at the helm of world-affairs.
But its not, so one can't blame inflation to the local government. Saudi Arabia is not India's 29th state. We have to import our oil after all. We can't do much about it. And oil affects almost every commodity's value.
RE:RE:Nuclear Deal
by Aasim on Jul 05, 2008 01:17 AM Permalink
I agree with you 100%. Whats happening on the Inflation front is purely global factors. Crude Oil and Global Commodity Prices have skyrocketed.
But Silly Indians like us don't understand that. They're too dumb to even learn such stuff. No wonder India will remain in the dark forever.
RE:Nuclear Deal
by Sameer on Jul 05, 2008 01:28 AM Permalink
Inflation is NOT global
Europe -3.5% Japan 3% Brazil- 2% Canada 3%
Any country which let its currency appreciate against dollar has low inflation. MMS and Sonia bought dolalr and sold rupees making Indian inflation worse.
RE:Nuclear Deal
by Aasim on Jul 05, 2008 01:37 AM Permalink
Yeah!........MMS and Sonia bought dollars and sold Rupees..
and you filmed them in a sting operation while they were doing so. Get ur tapes out man! Aaj Tak is waiting for you with bated breath. Go make their day!
And BTW, those markets are Developed Markets. India's is an emerging market. We gobble oil more than Europe, Japan, Canada.
Why don't you bring out China's inflation figure? The Yuan has appreciated against the Dollar too........but their inflation is far worse than ours.
RE:Nuclear Deal
by Sameer on Jul 05, 2008 01:47 AM Permalink
excerpts from Aiyar's article
"Money supply expanded fast in Third World countries too (including India). This was partly because central banks bought up dollars in forex markets rather than let their currencies appreciate. " ---
Link ://timesofindia.indiatimes.com/Columnists/S_A_Aiyar_Excess_speculation/articleshow/3176448.cms
RE:Nuclear Deal
by Sameer on Jul 05, 2008 01:40 AM Permalink
Read Aiyer's article in Times of India on inflation. Indian RBI was forced to buy dollars and sell rupees. Also Sonia was pushing to create soverign wealth fund to buy US subprime bonds ( which are worth zero). Some babus in reserve bank and Chidu put their foot down.
go read that article. Aiyer is not a nickerwall or commie. He is pro congress.
RE:Nuclear Deal
by Aasim on Jul 05, 2008 01:16 AM Permalink
You're living in a dark age aren't u? You're not aware of whats happening outside aren't you? I can't believe you actually came on the Internet and typed that.
Ignorance at its best! Your post reflects your understanding!
RE:Nuclear Deal
by indoo on Jul 05, 2008 01:20 AM Permalink
i think ur understanding power is very poor and u do not know about ABCD of politics better u keep ur mouth shut.....donot compare ur ZERO brain with excellant brain
