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Microcaps-When will value.be unlocked?
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Message Icon Topic: We have a Government but no governance? Post Reply Post New Topic
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vaib
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Quote vaib Replybullet Posted: 18/Dec/2011 at 9:44pm
govt distributing free money - inflation - high interest rates - unsustainable industry - decreasing revenue for govt - need money for subsidies - increase interest rates even more ... and climax - need to give even more subsidies. As if the cycle is unknown, without creating value and resource how printing or distributing money will help? May be UID could help for leakages; even that has already been discredited by home ministry with everyday raising serious questions on it.
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TCSer
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Quote TCSer Replybullet Posted: 18/Dec/2011 at 10:17pm
Another disaster in making in form of clearing of food security bill by UPA. Now on top of NAREGA largess which anyway is being siphoned more than 50 % ,waiving of 60000 crore of farm loans,this 1 lac crore of gift is a desperate attempt by a bribe taking govt to give bribe & remain elected.
Sometimes I think that how could we select these UPA people.We need to teach immly our Muslim,SC,OBC brethren about the daylight robbery being done in their name by Congress.So UPA will remain in power in times to come as well.The latest election survey in UP indicate the if Congress n SP join hand they will easily form the Govt.BJP is a distant 4th.
Share market is nothing but a game of temperament. Success mantra Right Price,Right Business,Patience, Conviction .Do not do panic buying or selling.It may be the only profession where inactivity pays
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manishdave
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Quote manishdave Replybullet Posted: 18/Dec/2011 at 10:29pm
Govt. should give Rs. 25,000 to every citizen over 18(whoever can vote) per month to ensure everybody has food, nice home, a TV, a car etc. Then plant trees where money grows. We all can sit back watch TV and become happiest country in the world. Socialism so far was not enough. Then we got NREGA which was not enough either. So we will have FSB which I doubt will be enough. So lets invent a tree where money grows and then throw money from helocopter.
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datta.supratik
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Quote datta.supratik Replybullet Posted: 18/Dec/2011 at 12:37pm
Nicely summed up. The least we can do after this is be a bit more frustrated!! We have failed to act in the future...may be before the elections we will have a raise of income tax slabs, a few more minority 'helping' hand!!
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tcak
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Quote tcak Replybullet Posted: 18/Dec/2011 at 1:15am
May the problem is NewDelhi has too much power. Other day I was talking to a retired MLAs he says the local govts have power to propose but not implement. All the money approvals need to come from Babus.
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subu76
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Quote subu76 Replybullet Posted: 18/Dec/2011 at 1:17am
Originally posted by manishdave

Govt. should give Rs. 25,000 to every citizen over 18(whoever can vote) per month to ensure everybody has food, nice home, a TV, a car etc. Then plant trees where money grows. We all can sit back watch TV and become happiest country in the world. Socialism so far was not enough. Then we got NREGA which was not enough either. So we will have FSB which I doubt will be enough. So lets invent a tree where money grows and then throw money from helocopter.
 
Ouch....This sounds like Greece to me.
 
No, the game will be up much faster as easy foreign money isn't available aplenty any more.
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tcak
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Quote tcak Replybullet Posted: 18/Dec/2011 at 1:17am
Maybe if RonPaul rises in US it could kick some sense into general polity or may be I am dreaming or hoping against hope
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tcak
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Quote tcak Replybullet Posted: 18/Dec/2011 at 1:30am
I was looking at govt budget data. 20% goes towards interest payments. We spend 10% of GDP on subsidies which are effective only by 10%...I am not misquoting here.
And we manage to spend less than 3% of GDP on education.

May be the only way out is to let inflation go even higher, which I am confident as Mr. Montek is confident of controlling it, like Ben Bernanke he has been consistently wrong.

The damage with inflation more than 10% is ridiculously high.

I disagree with Basantji on RBI hiking interest rate. Infact I am furious at RBI for doing too slowly and causing long term damage. Had they been more aggressive the pain would have been short lived. Its the job of RBI to protect the saving of savers. There is a moral hazard here otherwise. The blame is squarely on the govt. for spending instead of investing.

Other day I was reading about effectiveness of NREGA. I says the agricultural productivity would have been higher and sustainable had the money spent on NREGA be used to build irrigation projects. Big irrigation projects were not required smaller ones like check dams. They are the assets which keep on giving.
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