Gujarat poised!
Printed From: The Equity Desk
Category: Economy, Markets and commodities
Forum Name: Indian Economy - Powering Ahead!
Forum Discription: Talk about various facets of the Indian economy, it could relate to GDP growth, inflation, fiscal deficit, disinvestments.Is India at the crux of becoming an economic SUPERPOWER?
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=1246
Printed Date: 07/May/2025 at 4:31pm
Topic: Gujarat poised!
Posted By: us121
Subject: Gujarat poised!
Date Posted: 28/Sep/2007 at 11:41pm
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Some time back few posts were there on Gujarat. With this post i have no intention of dragging that old discussion.
However, I got one email with fascinating info on Gujarat.
I have not checked all claims for correctness. However, by general experience most of the claims seems to be correct.
Thought of just posting here!!!!!!
infact would love to know such info for other states as well.
Facts about Gujarat: 1. Gujarat is one of the most prosperous states of the country, having a per-capita http://en.wikipedia.org/wiki/Gross_domestic_product - GDP 3.2 times India's average. 2. If it was a nation it would have been 67th richest nation in the world above many European and Asian economies like China and Ukraine. 3. Gujarat holds many records in India for economic development: · 20% of India's Industrial Output · 9% of India's Mineral Production · 22% of India's exports · 24% of India's textile production · 35% of India's pharmaceutical products · 51% of India's petrochemical production 4. The world's largest ship breaking yard is in Gujarat near Bhavnagar at Alang. 5. Reliance Petroleum Limited, one of the group companies of Reliance Industries Limited founded by Dhirubhai Ambani operates the oil refinery at Jamnagar which is the world's largest grass roots refineries. 6. Gujarat ranks http://en.wikipedia.org/wiki/States_of_India_by_installed_power_capacity - first nationwide in gas-based thermal electricity generation with national market share of over 8% and second nationwide in nuclear electricity generation with national market share of over 1%. 7. Over 20% of the S&P CNX 500 conglomerates have corporate offices in Gujarat. 8. Over 35% of the stock market wealth of India is with Gujarati People. 9. Over 60% of Indian Population in North America is Gujarati. 10. An average income of a Gujarati family in North America is three times more than the average income of an American family. 11. Gujarat is having the longest sea shore compared to any other Indian state 12. Gujarat is having the highest no. of operating airports in India (Total 12). 13. India's 16% of Investment are from Gujarat. 14. Gujarat is having highest no. of vegetarian people compared to any other state in India. 15. The first ALL VEG PIZZA-HUT was opened in Ahmedabad 16. Ahmedabad – the commercial capital of Gujarat is the seventh largest city in India. 17. Surat is the fastest growing city in the world. 18. Gandhinagar is the Greenest Capital City in whole Asia. 19. Indian Institute of Management, Ahmedabad(IIMA) is Asia's 1st and world's 45th ranked management college located in Ahmedabad, Gujarat 20. Gujarat is the safest state as the Crime rate of it is 8.2 which is the least in India even after considering 2002 communal riots, stated by India Today 2005 report. 21. Gujarat is having least crime against women among all Indian states (excluding Goa) where AP is 1st, 22. Ahmedabad which is the seventh largest city in 23. Ahmedabad is ranked ------------- ABILITY will get u at d top. CHARACTER will retain u at d top |
Replies:
Posted By: kulman
Date Posted: 28/Sep/2007 at 12:01pm
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Very interesting us121.
Let me add......
24. Mahatma Gandhi was born in Porbandar.
25. World's 4th richest person Mukesh Ambani is a Gujarati. And younger brother is close on the heels.
And one more....
26. No other city in India has equivalent of Law Garden chowpati, Manek Chowk & Vishala Village. Eating-out in Ahmedabad is like a festival & a celebration everyday. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: us121
Date Posted: 28/Sep/2007 at 12:50pm
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Thank You, Kulmanji.
You are always few steps ahead of us.
And you proved it on our own story as well.
Anyway, when r u planning to visit your old favourite spots? ------------- ABILITY will get u at d top. CHARACTER will retain u at d top |
Posted By: kg
Date Posted: 28/Sep/2007 at 1:59am
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To add a few :
Kandla the oldest SEZ in India is in Gujarat
Best roadways network is in Gujarat- no potholes n largest network of NH
Amul the taste of India .....Anand is in Gujarat and
one of the most imp dance festival ...garba and dandiya are from gujarat and it is such a big money spinner ... ------------- Lets rock |
Posted By: deveshkayal
Date Posted: 29/Sep/2007 at 1:54pm
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Massive Investments by India Inc in Gujarat. Check out the past issues of Business Today magazine. Surat and Ahmedabad ranks among the top 10 cities in India. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: chic_1978
Date Posted: 29/Sep/2007 at 3:26pm
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Surat is growing at alarming speed....
The city of textiles & diamonds.....it has all the support from government...
Infact I would give due credit to Mr Narendra Modi for his skills.......he is pionerring the gujrat poised program.....infact the biggest difference he has made is.....
every IAS officers & department takes bribe.....but in gujrat ur work is completed on time unlike other states like Maharashtra ....
Mr Modi is planning an International Airport for Surat.....trust me it will change the scenario....check the property rates in Surat.....it has multiplied in last 5 years.................. ------------- happy & wise investing |
Posted By: catcall
Date Posted: 29/Sep/2007 at 8:26pm
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Way to go!! What we need is a few more years of Narendra Modi's rule... ------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: us121
Date Posted: 29/Sep/2007 at 8:45am
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TOI, sept 30, front page: More people in State Blood donor/ Population M’rashtra 0.90% T’nadu 0.81% Kerala 0.80% National Average 0.50% *Seven families in Ahmedabad have donated more than 200 units of blood * *SCORING CENTURY *Ketaki Shah (60 yrs), Ahmedabad: She says: It is a myth women can
not donate blood. If your have the will the body supports young in a good
cause. *Nikul Soni (48 yrs), Ahmedabad: No. of donations: 105 times. He says: 30 years ago, around 60 unknown
people donated blood to save my life when I was hit by a bullet during the
Navnirman movement. My leg has to be amputated. I vowed to reciprocate the
favour twice over. ------------- ABILITY will get u at d top. CHARACTER will retain u at d top |
Posted By: ndzapak
Date Posted: 29/Sep/2007 at 9:21am
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Copying this post from other thread.
From the ICICI-PRUDENTIAL INDO
Ř Agricultural Growth = 11.6% pa Ř GDP Growth = 13.2% pa Ř Easy availability of Road,Power,Ports,Telecom and other infrastructure facility Ř Single window clearances IS IT IN IT IS THE STATE OF
The state of production and 16% p.a. in terms State GDP in the last ten years which is a better growth rate compared to the Chinese growth rate of 10% p.a. in the last ten years. If natural calamities like earthquake, drought and cyclones, can achieve such high growth rate, there is no reason to disbelieve that if follows the Gujarat Growth Model, it shall outperform the Chinese growth. ------------- the Equitydesk is the best |
Posted By: Mr. V
Date Posted: 25/Oct/2007 at 9:08am
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Usually, I am very skeptical about politicians and what they say but here is a speech/debate that truly is intellectually stimulating.
Its by Narendra Modi and I know that just his name brings about extreme emotions in people and that includes me (mostly negative) but let's leave that aside for the moment and concentrate on the message instead of the messenger. http://www.youtube.com/watch?v=dg18zSr2PF8&NR=1 I would suggest that every Indian should watch all five parts of the video and ponder & reflect over what Modi said. |
Posted By: kulman
Date Posted: 01/Dec/2007 at 8:59am
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Swaminomics from Sunday Times...
http://timesofindia.indiatimes.com/Opinion/Columnists/Swaminathan_A_Aiyar/Gujarat_shows_SEZs_can_be_blessings/articleshow/2588290.cms - Gujarat shows SEZs can be blessings
Many observers have criticised SEZs as land grabs that impoverish the poor.
Yet, in one state, SEZs are coming up rapidly, with no agitations, no disputes - and hence no newspaper headlines! This is Gujarat. It already has five functioning SEZs, with 12 more ready to start in 2008. Gujarat embarked on port-led development in the 1990s, encouraging captive and private ports and seeking to link these to industrial parks. This approach evolved into SEZs: Gujarat enacted its own SEZ law in 2004. So, when New Delhi announced a national SEZ policy in 2006, Gujarat was way ahead of the competition. The original SEZ policy of the state had norms that really should have been included in the national policy. First, every SEZ promoter had to be an industrialist, not a builder, ensuring that this was an industrial project and not real estate in disguise. Second, the promoter had to have an anchor project of his own in the SEZ. This ensured provision of high-class infrastructure, which a builder might neglect. Third, the promoter had to buy land voluntarily from farmers and not expect state acquisition on his behalf. This avoided the heart-burning seen in Orissa and West Bengal. Gujarat's flying start in SEZs owes something to geography and history. It has a long coastline, with deep water (no dredging needed) in the Gulf of Kutch. This Gulf has virtually no monsoon, so ports can be built without expensive breakwaters. Gujarati farmers are entrepreneurial, and use money from land sales to fund businesses like trucking. Reliance, which bought land voluntarily from farmers in Jamnagar, outsourced trucking, and many of the truck operators are former farmers. Gujarat's land records are good, partly because of history (this is the state of Gandhiji, Vallabhai Patel and Vinoba Bhave). So, land disputes are few. Landless labourers get no compensation, and in some states fear that they will be jobless after acquisition for SEZs. However, low-grade farmland in coastal Gujarat has few landless labourers. Mundra Port in Kutch has a labour shortage, and imports workers from North India. Gujarat's experience shows that SEZs can, if properly conceived and executed, be blessings that enrich rather than impoverish local farmers. But clearly Gujarat's experience cannot be replicated in states with very different geography and history. This drives home the lesson that the ideal SEZ policy would have been to create only a few big SEZs in the best locations, not hundreds of SEZs in flawed locations across all states. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: catcall
Date Posted: 03/Dec/2007 at 7:03pm
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The Times of India -Breaking news, views. reviews from across India Gujarat wins the award for best e-governed state 1 Dec 2007, 1910 hrs IST,PTI BANGALORE: Gujarat bagged the award for the 'Best e-governed State' for 2006-07 at the 42nd Computer Society India(CSI) Convention held here. Goa, Jharkhand, Kerala were declared as joint winners of the 'Progressive e-Governed State' at the award function organised by the CSI to recognise the best e-governance initiatives in the country, especially in the government sector. Department of Electricity of Lakshadweep, and Department of Health and Family Welfare, Gujarat were declared joint winners under the 'Best e-governed Department' category. The Department of Education, Delhi, bagged the special jury award under the same category for its initiative in the admission, examination and management of teachers. The state of Gujarat bagged awards in four categories - best e-governed state, best e-governed department (health and family welfare), best e-governance G2B project for e-procurement and also for VAT informations System. ------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: catcall
Date Posted: 22/Dec/2007 at 9:39am
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The Modi Bull Run to continue with another massive rally, if Gujarat Inc. was a listed company today, it would have hit buyer circuit.!!!!
It was a no holds barred campaign, I used to receive at an average a dozen SMSs per day.... Here's a sample of the "milder" versions:
Arz Kiya hai....
1) Yuh to Gyara Mulko ki sarkar Modi ko harane ki kohish kar rahe hain...
Lekin ye jante nahin ke Modi ko harana Mushkil hi nahin, Namumkin Hai!!
 2)Hukumat Congress ka Kwab Hai,
Par BJP bhi lajawab Hai...
agar Sonia Italian Shabab Hai..
To Modi Bhi Gujarat ka nawab hai!!!
 3)Congress Ko Sharafat Sikha Denge,
Hamari Bhi Takat Dihka Denge,
Dur Rehna e Congress Hamse,
Varna Gujarat To Kya,
Pakistan main Bhi Modi ko Jita Denge!!
Some of the SMSs were of a much "stronger" variety, but am not posting them here, since it would violate the "TED Code Of Conduct" ------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: us121
Date Posted: 22/Dec/2007 at 9:41am
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at 10:00am lead in assembly election conuting of result is: BJP 63 Congress:39 above figure out of : 107 (out of 182 seats contested) ------------- ABILITY will get u at d top. CHARACTER will retain u at d top |
Posted By: us121
Date Posted: 22/Dec/2007 at 9:55am
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at 10:20am lead in assembly election conuting of result is: BJP 81 Congress:38 above figure out of : 123 (out of 182 seats contested) ------------- ABILITY will get u at d top. CHARACTER will retain u at d top |
Posted By: us121
Date Posted: 23/Dec/2007 at 12:42pm
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at 01:00pm the results/ trends available for gujarat assembly election 2007: BJP 35 won,92 lead Congress:14 won, 38 lead above figure out of : 5o resuls declared, 132 trend available (out of 182 seats contested) ------------- ABILITY will get u at d top. CHARACTER will retain u at d top |
Posted By: manishdave
Date Posted: 23/Dec/2007 at 2:09am
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US121,
Congratulations!!
I hope media will learn something after tight slap. They hardly gave due credit to Guj govt. It is not just electricity or development in cities or industries. But there are many initiatives that really help needy.
Congress and some other parties will surely lose their sleep as their states will be compared to development in Guj. Hope this competition makes all states better.
I believe nobody can stop Mr. Modi becoming PM in due course.
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Posted By: basant
Date Posted: 23/Dec/2007 at 8:30am
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Modi is a man with a mission and less emission and his modus operendi isn't one that pleases the news channels but who cares?After Gujarat growing at 13% per anum is a lesson for others to see and the politicians to learn.
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: tigershark
Date Posted: 24/Dec/2007 at 2:15pm
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in a village modis speech was like this who gave you electricity, who gave you tarred roads, who gave you tapped drinking water, who gave you jobs,------the crowd shouted narendrabhai! modi shouted back so vote for modi! highly effective and very businesslike ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: tigershark
Date Posted: 24/Dec/2007 at 2:20pm
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somebody should interview KARRAN THAPPER ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: basant
Date Posted: 24/Dec/2007 at 2:37pm
Can he become the PM in the next decade? If so it would be great for India! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: johnnybravo
Date Posted: 24/Dec/2007 at 2:59pm
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u r right basantji, many of my relatives who are based in gujrat are extremely happy over the 'adminitrative ease' with which things are functioning in Gujrat. Local city corporations, Collectorate, Electricity boards, public transport depts - all have become so much responsive that people are very happy about. A brother of mine lambasted the GEB for doing a unplanned shutdown for half an hour and the GEB responded within 5 minutes -- all because people have become used to the comforts provided by the administration. I don't remember when was the last time i complained to MSEB and they responded in the first attempt! |
Posted By: catcall
Date Posted: 24/Dec/2007 at 3:43pm
IN continuation to earlier post on the SMSs received by me before the elections, here is one I rec'd after the results:
Jitke Gujarat Modi Bana CM(Common Man)
Ab Jitega Hindustan tab Modi Banega PM (Perfect Man)!! ------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: BGKGURU
Date Posted: 24/Dec/2007 at 3:57pm
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not only cong leader,other bjp cms should also learn from modi.
It is very good to see people like him sachha deshbhakt,no corruption,no greed only development. i hope others will follow him. i don't want to take name but many cm had done development but with corruption,so they were not succesful.
my vote for him as pm.
can somebody open for voting.
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Posted By: deveshkayal
Date Posted: 24/Dec/2007 at 4:02pm
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Congress has done a good job in Mumbai, so I would vote for them. Manmohan and PC are the BEST, they should remain forever ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: johnnybravo
Date Posted: 24/Dec/2007 at 4:07pm
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devesh, if congress has done good for mumbai, u might want to vote for Vilasrao Deshmukh, why Manmohan and PC? Voters should always differentiate between local and national policies/politics! Probably u need to vote for the guys in power in BMC rather than the Vilas or Manmohan...  |
Posted By: deveshkayal
Date Posted: 24/Dec/2007 at 4:19pm
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Shiv Sena has a bad history, so will never vote for them. Still they have not improved. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: johnnybravo
Date Posted: 24/Dec/2007 at 4:23pm
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well its totally ur choice, all i wanted to say is one should be held accountable for what he is supposed/or not supposed to do. Bad city roads should not be a criteria for evaluating the central govt! |
Posted By: BGKGURU
Date Posted: 24/Dec/2007 at 4:33pm
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mr. devesh
i also like mms and pc,but here we are not talking abt any party we are talking abt leader and who can take LEAD INDIA with will. so we want development oriented leader like modi. i m also from mumb. i also want to know abt growth in mumbai from u.
In short we need party with full majority and leader like narendra modi by 2014.
i m giving u 2 choices for 2014 pm-narendra modi and rahul gandhi
will u choose rahul gandhi-if yes then plz give reply in detail.
i m also following him but i never understand him so i want to understand from your eye.
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Posted By: BGKGURU
Date Posted: 24/Dec/2007 at 4:39pm
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basantji
i hope we are not doing anything which is again ted. i think it is good to know abt our leaders and talk abt that. but i urge others plz don't talk abt parties.
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Posted By: basant
Date Posted: 24/Dec/2007 at 4:57pm
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Point taken Guruji!!! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BGKGURU
Date Posted: 24/Dec/2007 at 5:10pm
| many thanks |
Posted By: ali52
Date Posted: 24/Dec/2007 at 7:43pm
| what about rule of law, freedom of expression freedom to celebrate valentine. freedom to see your favorite movie in theatre. yes administration has become so efficient tht we dont need judiciary there. it has always been ahead of other state in development. due to better infrastructure tht it already had (prior to golden age) it could profit immensely from liberisation unlike other state. dear brothers look at other side of coin also. just like u analyse stocks, |
Posted By: reetesh
Date Posted: 24/Dec/2007 at 8:38pm
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US121,
Congratulations!!
I hope media will learn something after tight slap. They hardly gave due credit to Guj govt. It is not just electricity or development in cities or industries. But there are many initiatives that really help needy.
Congress and some other parties will surely lose their sleep as their states will be compared to development in Guj. Hope this competition makes all states better.
I believe nobody can stop Mr. Modi becoming PM in due course.
------------------------------------------------------------------------------------------
True Manish,, how I wish he becomes India`s PM, and first thing he does is to impose President rule in WB and Kerla specially WB because ground reality in Bengal is totaly different every Auto rickshaw driver is a party member hence gunda they can do anything if you dont agree to what they have to say (This is just one example I gave) this is what they say "Tumi jano aami ke" (But I still love Calcutta and its heritage but is it fast diminising),,, this is tight slap on these Ba*****d`s so called secular party... ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: omshivaya
Date Posted: 24/Dec/2007 at 9:26pm
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It is not just the commies Reetesh jee. Many in Delhi too think just bcoz they know some politician or are affiliated in someway politically, they can do anything and get away with it. But no worries, their days of thrashing are heading nearer. Patience! ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: manishdave
Date Posted: 24/Dec/2007 at 9:40pm
First of all there is no problem in celebrating valentine. It is Shiv Sena nuisance. Gujarat is probably safest state if you compare crime rate in other states. If you are talking abt. Freedom of expression is not a problem. If you are talking about freedom of expression of "Amir Khan" you probably don't understand situation.
Let me give you an example. In '87 I was studying in a big city of Guj. For 8 months we didn't see a single drop of water in home tap. Water was so scarce that 15-20% of our income went to "purchase" water from outside and still taking bath once in 3 days in summer was luxury. This was in big city. Village situation was even worse. If you have gone through such situation then you don't care abt Amir Khan supporting Megha Patkar, his movie and his freedom of expression.
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Posted By: manishdave
Date Posted: 24/Dec/2007 at 9:43pm
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Reetesh,
Don't worry. When wood gets rotten, Ultimately it falls off the tree.
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Posted By: BubbleVision
Date Posted: 24/Dec/2007 at 9:45pm
Excellent lesson for the Markets as well! ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: reetesh
Date Posted: 24/Dec/2007 at 9:54pm
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Manish: Well said, hope it fall`s sooner rather than later. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: ali52
Date Posted: 24/Dec/2007 at 11:06pm
| when 48% people vote for some one third time inthere must be some thing great abt his governance. what i said is based on what i read and heard in media. though i have been a couple of times to gujarat briefly. i find them gentle and trains and railway station are much more clean than in UP or m.p. |
Posted By: Mohan
Date Posted: 24/Dec/2007 at 11:25pm
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Narendra Modi deserves credit for improving the infrastructure of Gujarat. Pani and bijli are necessities for daily life. He seems passionate about the work he is doing and the agenda forward. His way of operating reminds me of early days of Lee Kwan Yew in Singapore. ------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: tejas
Date Posted: 24/Dec/2007 at 11:35pm
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One of the few politicians in India who is creating an "enabling environment. " One may call it systems or infrastructure. An environment the enables people to work towards their dreams. Till now, all one sees is " rukawat" Obstruction. Look at our daily life. From the time we get up till we go to sleep. How many hurdles we have to overcome in our path ? May we have more people of the same mindset in each state. ------------- Earnings, Earnings, Earnings. |
Posted By: basant
Date Posted: 24/Dec/2007 at 8:18am
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Wow! That was a statement. But we are not discussing communal things here all that we tried to debate was on the development of gujarat under Modi. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: omshivaya
Date Posted: 24/Dec/2007 at 8:25am
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Excellent observation Shetty jee. However, only the "developmental aspects" of Naren Modi were being discussed here. And till the judiciary proves him guilty of what all you wrote, he is innocent!! I wish we could take out the "ruthless developmental aspects" of Narendra Modi and create a PM out of those aspects. But alas, world is not perfect is it! There are pros with the cons! ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: catcall
Date Posted: 24/Dec/2007 at 9:33am
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Basantji, this kind of derogatory references to the people of Gujarat as posted by shettyji should not be allowed to be posted on a site like TED.... we all have our strong opinions on political matters, but this is crossing all limits.... TED admistration may please review ------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: BubbleVision
Date Posted: 24/Dec/2007 at 9:45am
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I absolutely concur with Catcall, as it called “Marvari’s” also. I would like to remind Shetty that Marvari’s are the largest business community in Kolkata and the city would die quick, without them! Please delete those posts…. TED admin!
------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: shivkumar
Date Posted: 24/Dec/2007 at 10:31am
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shetty has only said what many people outside gujarat have been saying post verdict. having covered the election campaign in gujarat I have a few points to make. Much of the 'development' attributed to Modi is spurious. The paani part is thanks mainly to former Chief Minister Chimanbhai Patel who in the late 1980s and 1990s gave the clearance for the Narmada project. Keshubhai Patel as CM played a major role in getting the canal work done in the Kutch and Saurashtra region which is irrigating parts of Gujarat's most parched district. In fact, after Modi came to power the canal work left incomplete by Keshubhai has been abandoned. Locals say if the canal work is taken up more of Kutch and Saurashtra will receive water. (Of course how effective this project will be is open to question. Having covered Medha Patkar's agitation, I feel the canals and the dam itself could silt up in 15-20 years and reduce water supply. But this period provides a window of opportunity for the locals) As for power supply, much credit must go to Torrent, the private company supplying electricity. Residents of Naroda Patiya and other areas whose houses were burned, women raped and men killed are living in relief camps they themselves have built. Modi has not given them water supply or sewage facilities. Only there is power because it is privatized. Like good capitalists, power companies sell to whosoever that can pay - Muslims included. Read my report http://www.tribuneindia.com/2007/20071205/main9.htm - here . To be fair to Modi, he didn't screw up things majorly like his counterparts in Maharashtra. He has allowed power companies to do their own thing and SEZ players to buy land from farmers directly. Because he didn't do dalali things are progressing smoothly. But a man like Modi does not need money or patronage networks like the Pawars and the Deshmukhs to fight elections. The post-Godhra riots of 2002 has given him a lot of traction. |
Posted By: reetesh
Date Posted: 25/Dec/2007 at 12:26pm
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<P =Msonormal style="MARGIN: 0in 0in 10pt"><SPAN lang=EN style="FONT-SIZE: 9pt; COLOR: black; LINE-HEIGHT: 115%; FONT-FAMILY: 'Verdana','sans-serif'; mso-ansi-: EN">I donno know what Mr. Shetty had to say about communalism because his post is deleted, but I can guess because like worker union,, so called secular people of India also has formed a union ( but for me they are most un-secular) he Mr. Shetty is amongst them,,, come on have some thought of your own also,, do you know what communalism means, NO you don`t know that, because it does not mean favoring a community in whatever they have to do or to say,, and for me I have nothing against that community but the fact of the matter is they are most un-secular people/community. <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></SPAN>
<P =Msonormal style="MARGIN: 0in 0in 10pt"><SPAN lang=EN style="FONT-SIZE: 9pt; COLOR: black; LINE-HEIGHT: 115%; FONT-FAMILY: 'Verdana','sans-serif'; mso-ansi-: EN">To give you one example remember what Karunanidhi had to say about Lord. Ram, do you have the courage to say anything against them!!!!<SPAN style="mso-spacerun: yes"> </SPAN>bhasan dena bohot asan hai kisi site pe aakar... <SPAN style="mso-spacerun: yes"> </SPAN><SPAN style="mso-spacerun: yes"> </SPAN><o:p></o:p></SPAN> ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: catcall
Date Posted: 25/Dec/2007 at 12:42pm
|
Shivkumar, two things on this issue..
First , i agree that everyone has a right to agree or disagree on Modi's policies but it is the kind of language used against the people of Gujarat (or for any other state for that matter) in the said post , was surely not in line with TED code of Conduct. (Thanks to Basantji for deleted that post).
Secondly , on the developmment issue, this is a typical media response on the devepment isssue .with all due respect for your stay duration, it is best left for the people who have stayed there for years together,lived and voted for the elections that matter... they are the best judge on the issue. No wonder the media got the results all wrong.
With regards to water, let me clarify .Yes the Narmada Dam was Conceived much before NM took charge, but it is the inititatave that Modi took on Check dams that changed the waer situation in water starved Saurashtra. All semi-govt and govt companies and some private compnies (including mine)were given the task of building 7 to 10 check dams each covering each major district of Saurashtra, following which the Water Table in the entire region rose substantially. Please appreciate that people voted in the NM by a large majority in the region , against the Keshubhai tide.
In fact, one of reasons why BJP had this rebel problem was that he stopped a long running tradition (in the BJP as well as Congress run govts) to appoint political nominees (who had a single point agenda in mind!) as Chariman of State Govt companies and Boards and instead appointed the Principal Secretary (IAS) as the ex-offico Chariman of these institutions.
The List is endless, obviously this being a politically charged suject, there may be opinions that differ from this, so be it. I only hope that we at TED ensure that the we maintain the decorum in selection of words.
AS for the media, at least when the results are in front of them, they should accept that the majority of the people here hold a view which is different from theirs. After all , one does not get re-elected three times in a row by fooling people. ------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: BubbleVision
Date Posted: 25/Dec/2007 at 12:52pm
Catcall..... that is the case unless it is Bengal! HAHAHA
As usual, the Exit polls and the Media once again lost an election!
Thanks BasantJi!
------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: reetesh
Date Posted: 25/Dec/2007 at 1:00pm
|
In Bengal (Den of Secularism) if you go early to cast your vote early mean b4 10 then you it is okay,, else 4 se 5 galli ke sath ek do lafa bhi khane ko mil sakta hai,, vote dena bhul jao. Although I heard last election what some what fair..... ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: shivkumar
Date Posted: 25/Dec/2007 at 4:13pm
|
The situation on the ground is that Modi, the man has transcended all issues. Issues like water supply, irrigation or development does not even figure in the political discourse of people of Gujarat anymore. People are divided into two factions - those who love them and those who hate him. If you look at the vote share, the former category is one per cent more than the latter. It does not augur well for democracy that people can't be bothered about issues. In Gujarat, at least, the people are not looking at the government for economic assistance. They can get up on their feet and run themselves. So even if you had some loser from the Congress running the government, it would not have made any material difference to the people. To draw a parallel with the 2004 parliamentary elections: the markets went into a tizzy when the NDA was thrown out. Was there any major difference after the UPA government took over? Opponents of the present set up will crib about economic reforms taking a back seat. The govt's privatization plans have slowed down, but even the NDA was drawing flak from the swadeshi lobby for 'selling family jewels'. So if you look at the big picture we see an inbuilt centrifugal effect building up regardless who comes to power. That is something which has to be factored in - like the four month-long monsoons! |
Posted By: shetty
Date Posted: 25/Dec/2007 at 4:39pm
|
My post gets delted by the moderator. Karunaidhi is called a ***** it remains intact. I would request the moderator to look into this. Restore my post or please be fair. Delete everything. I agree with Karunanidhi, there is no Ram. Each one has his opinion. ------------- |
Posted By: shetty
Date Posted: 25/Dec/2007 at 4:43pm
| As for Marus their enterprenurial skills are legendary. But then people forget that the jews were to Europe what the Marus were to India. Jews hled the econmic keys of Europe. All of you know of the Rothshilds. When Hitler came to power the jews didnt flea Germany, because they thought that their economic might would protect them. But then Hitler proved them wrong. Its another matter that at the end of the war the Germans sufferred just as the jews did during the war. |
Posted By: omshivaya
Date Posted: 25/Dec/2007 at 4:52pm
I am sorry Catcall jee if I also offended you in someway. That was not my intention at all. I am an Indian first and foremost and then a citizen of the universe. All are same for me. I would never ever say something derogatory against a caste(in a serious mood). Jokingly I may tease a bit sometimes. Hope that's okay!! I hOpe all my previous pOsts on this threAd and on TED in general were okay!! ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: basant
Date Posted: 25/Dec/2007 at 4:55pm
|
This is getting no where. Let us put an end to this. Belief in god is a very personal thing and falls into an area of endless debate. Would sincerely request people to just hold back sensitive opinions.
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BubbleVision
Date Posted: 25/Dec/2007 at 5:01pm
Shetty, you are correct that each has an opinion, however keep your opinion to yourself, specially commenting on gods! You don’t have the write to say anything about gods. Alas, your opinion does NOT count as well, and everyone would pay for his own deeds. What you had said was on certain “Communities” and their family, and what you “hoped” would happen to them. What Reetesh said was on an individual. Both are NOT the same. Please think about what you have written. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: basant
Date Posted: 25/Dec/2007 at 5:01pm
|
I could have deleted all posts but that does not help really. At the end of the day we need to show restraint I have nothing anyone personal but the idea was to control the direction of the debate.
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: us121
Date Posted: 25/Dec/2007 at 5:11pm
Media has been working negative for NM for more than 1 year. I have not seen such negative propaganda against one single person that i have seen for NM in all media including the dailies in local language. They have been crying on the name of common man, but where more worried about their on benefit and standing which they were loosing with the sytle of working of NM. The common man has voted for NM and not for a party or cast, leaving a small portion of voters, may be. More than the caste and the party, the people valued roads, light, water, jobs opportunity and peace. They could foresee it improving all the above things further subject to NM being back. ------------- ABILITY will get u at d top. CHARACTER will retain u at d top |
Posted By: omshivaya
Date Posted: 25/Dec/2007 at 5:23pm
Your post as far as I can recollect, had some parts that were targeting a particular region, like Gujratis or Marwaris etc(non-public figures). That may be objectionable to certain people and highly senstive topic, in my opinion.
And as for Karunanidhi, he is a public figure. Anyone can comment on him.
Now that I have provided an unbiased view on the discussion going on, let me also add on what you posted a whiole earlier. Karunanidhi is definitely an "rear-end" of the highest order. And yes, Lord Ram existed and will always exist! And Ravan also existed, before Lord Ram rightfully killed him.
Again, my personal opinion just like you said you have yours! Hope no hard feelings! ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: BubbleVision
Date Posted: 25/Dec/2007 at 5:30pm
This was another case of wrong blame game by the “Foolish media” to somewhere it was easily seen, but incorrect. Could you please explain me that why the Stock market in The markets in May-04 did NOT fell because NDA lost power. The markets fell world wide, because on 13-May-04, the http://www.federalreserve.gov/boarddocs/press/monetary/2004/20040513/default.htm - US FED Minutes showed that they would start raising fed funds rate, and subsequently all the global markets fell. The Indian stock market fell because of this Global event and NOT because of the NDA election loss. However, it certainly added to the pressure that Day. I was in a dealing screen on that day, and saw what happened.
------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: catcall
Date Posted: 25/Dec/2007 at 7:22pm
|
It does not get more authentic than this.... RBI take on Modi as against the pollsters:
http://www.rediff.com/news/2007/dec/21gujpoll.htm - http://www.rediff.com/news/2007/dec/21gujpoll.htm ------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: BGKGURU
Date Posted: 25/Dec/2007 at 8:13pm
|
MR. SHIVKUMAR
I WANT TO REMIND CHANGES AFTER NDA GOVT.
1.SLOW INFRA GROWTH-ALL RAOAD DEV INTIATED BY ABV ARE VERY SLOW
2. NO DISINVESTMENT SO MKT CAP OF VARIOUS PSU ASSETS DETERIRATED
3. NO IMPROVEMENT IN EDUCATION/HEALTH ETC
4. VARIOUS INITIATIVE TAKEN BY NDA GOVT ON POWER IS READY TO TAKE OFF NOW ONLY
5. NO DEVELOPMENT ON VARIOUS ISSUE LIKE LABOUR REFORMS,INSURANXCE REFORMS ETC.
I M NOT ANTI-MMS/PC/PM BUT I JUST TO TELL DIFFERENCE BETWEEN BEFORE/AFRER NDA GOVT.
|
Posted By: shetty
Date Posted: 25/Dec/2007 at 8:44pm
| I am only replying to the persoanl abuse of my leader. Your prejudice is showing as you dont seem to be cautioning others. |
Posted By: shetty
Date Posted: 25/Dec/2007 at 8:44pm
| Bubble was replying to your post. |
Posted By: shetty
Date Posted: 25/Dec/2007 at 8:46pm
| If Ram was truly then he would have punished those who slaughter innocents. |
Posted By: reetesh
Date Posted: 25/Dec/2007 at 8:57pm
|
If Ram was truly then he would have punished those who slaughter innocents
----------------------------------------------------------------------------------------
Probably infact he was Allah was with Modi that is the reason he won, and he was not with them!
But Lord. Ram is still with you but you will realise this when he no longer with you.
Join Teesta Setalvad group she is fighting for them,, but RAM is fighting for those who lost their lives in that train. MODI commin back is answer to that fact.
Now people will think I am communal person because I am not favouring them, I hope you are not a politician or dream of becomin 1 if any of these condition is true then you already have an agenda!
heheheh ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: indian
Date Posted: 25/Dec/2007 at 9:05pm
|
many people here seem to be learned,sophisticated,have real concern for the country but just scratch a little and their ugly faces with deep rooted prejudices come to the fore. all the time we blame our politicians and if one of them do some thing good we put him/her on pedestal and next if he errs we curse. this is hero worship. if NM has done good job on economic front praise him, if he has done bad job on social and communal harmony critisize him. vice vers communist parties. all our progress and economic power means nothing if we as a nation becomes vulnarable to external threats and for this we need not only atom bombs but graeter unity among our regios, castes, relegions. but on the one hand communists are threat to economic progress on the other hand people like NMs are threat to our unity. as far existance of RAM concern i think if u dont believe in his existance but are truthful, honest and dont hurt anyone he still love u and u belive in his existance and pray to him but dishonest . murder and loot he will not love u. jai shri ram.
|
Posted By: Ajith
Date Posted: 25/Dec/2007 at 9:13pm
|
Such a boring divisive thread .(Of course there is no disputing the greatness of Gujarat as an industrial power and posts could be restricted to that only,I feel) ------------- Ajith |
Posted By: omshivaya
Date Posted: 25/Dec/2007 at 9:20pm
|
Basant sir, kindly do the needful for those people who are simply argumentative in nature and who like to criticize but cannot take criticism!
As I said long time back, weeds have to be taken care of at every moment. The current line of arguments(which are getting personal in nature) needs to be nipped in the bud now. Moneycontrol effect at work!!! ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: reetesh
Date Posted: 25/Dec/2007 at 9:20pm
|
Shetty: I want to give you 1 example, half of the Indian Cricket team are Muslims and 90% of them are from Gujarat and I am very very proud of this fact. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: reetesh
Date Posted: 25/Dec/2007 at 9:22pm
|
Such a boring divisive thread.
-----------------------------------------------------------------------------------------
Boring understand but divisive is strong and wrong word to use!! ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: Ajith
Date Posted: 25/Dec/2007 at 9:28pm
|
My personal opinion which must be respected. I found I just could not understand or vibe with the tone and content. ------------- Ajith |
Posted By: reetesh
Date Posted: 25/Dec/2007 at 9:32pm
|
So does ours/mine (respected). Although I am not directing you but givin you an advice tha you can easily ignore this thread, but it is difficult for me not to respond what Mr. Shetty had to write.I am not sayin that you singled me out only, but we have our views.. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: Ajith
Date Posted: 25/Dec/2007 at 9:34pm
|
My dear Reethesh, I did not comment on your posts at all. ------------- Ajith |
Posted By: reetesh
Date Posted: 25/Dec/2007 at 9:40pm
|
No problem Ajith Sir.. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: Mohan
Date Posted: 25/Dec/2007 at 9:44pm
Reetesh, Pray tell how in the Indian Cricket Team 50 % are Muslims and 90 % from Gujarat ? I am very interested in knowing these facts. ------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: tigershark
Date Posted: 25/Dec/2007 at 9:51pm
|
this sort of petty discussions is going to get us nowhere.this is basically an investment site and we all need to stick to it, for fun and relaxation special threads have been created taking jibes and punches on certain communities, gods, religious groups,politicians, no way increases yours or mine investment accumen neither does it give anybody any relaxation so would request all to stop this and if possible delete this whole thread ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: reetesh
Date Posted: 25/Dec/2007 at 9:53pm
|
Irfan (Ifran brother also he is not there in Aussie tourin squad) (Gujarat) Zaheer (Gujarat, now playin for Mumbai if I remember correctly) Wasim Jaffer Munaaf Patel (Gujarat) Md. Kaif (Not there in present squad but on and off) ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: deveshkayal
Date Posted: 25/Dec/2007 at 9:55pm
|
Completely Agree with you Doctor Saab .
------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: reetesh
Date Posted: 25/Dec/2007 at 10:01pm
|
Ha kardo deleteeeeeee,, lets discuss market..
I wasted my whole day today.... ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: Mohan
Date Posted: 25/Dec/2007 at 10:08pm
Reetesh, These are the 16 members in the Indian Cricket team playing in the 1st test, India V/s Australia as per Cricinfo.com. http://content-usa.cricinfo.com/ausvind/content/current/player/30176.html - A Kumble , http://content-usa.cricinfo.com/ausvind/content/current/player/28081.html - MS Dhoni , http://content-usa.cricinfo.com/ausvind/content/current/player/28114.html - R Dravid , http://content-usa.cricinfo.com/ausvind/content/current/player/28779.html - SC Ganguly , http://content-usa.cricinfo.com/ausvind/content/current/player/29264.html - Harbhajan Singh , http://content-usa.cricinfo.com/ausvind/content/current/player/29646.html - W Jaffer , http://content-usa.cricinfo.com/ausvind/content/current/player/30045.html - KD Karthik , http://content-usa.cricinfo.com/ausvind/content/current/player/30102.html - Z Khan , http://content-usa.cricinfo.com/ausvind/content/current/player/30750.html - VVS Laxman , http://content-usa.cricinfo.com/ausvind/content/current/player/32973.html - Pankaj Singh , http://content-usa.cricinfo.com/ausvind/content/current/player/32685.html - IK Pathan , http://content-usa.cricinfo.com/ausvind/content/current/player/35263.html - V Sehwag , http://content-usa.cricinfo.com/ausvind/content/current/player/236779.html - I Sharma , http://content-usa.cricinfo.com/ausvind/content/current/player/35280.html - RP Singh , http://content-usa.cricinfo.com/ausvind/content/current/player/35320.html - SR Tendulkar , http://content-usa.cricinfo.com/ausvind/content/current/player/36084.html - Yuvraj Singh Opinions are not facts. ------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: reetesh
Date Posted: 25/Dec/2007 at 10:13pm
|
Mohan: read what i wrote, I wrote TEAM not squad, and I never said they all are playin and 90% of them are from Gujarat and lastly Kaif is from UP not AP (represents).
For exaclt figure consult BCCI or Gov. of India (Population dept.) ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: basant
Date Posted: 25/Dec/2007 at 11:09pm
|
like For god sake please stop all this. Maybe thiis- isimportant but is nothing less then noise on the site. What has team composition on the basis of region and religion got to do with this thread.
Let us not debate like politicians!!! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: reetesh
Date Posted: 25/Dec/2007 at 11:36pm
|
Basant jee: i am sorry... Just wanted tell that is also Gujarat and we all know co-relation btwn cricket and politics and .............. bla...bla....blaa..
Anywayssss... I am done... ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: basant
Date Posted: 25/Dec/2007 at 6:18am
|
I can understand that but the argument was taking an ugly turn and these things never finish off they keep continuing. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: catcall
Date Posted: 26/Dec/2007 at 1:05pm
Om Shanti Om!! Bhagwan (Ram or otherwise ) ka nam leke do minute ka maun dharan kare aur Share Bazaar main paisa kamane ke kam main lag jaye......!!! ------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: reetesh
Date Posted: 26/Dec/2007 at 1:06pm
|
Basant jee: Agree,,,
AMEN Catcall... heheheheheh ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: Krishna
Date Posted: 26/Dec/2007 at 1:47pm
| I hope (like everyone else) that these election results help to substantially push the Gujju stocks upwards... like GSPL, Welspun Guj, Guj Gas, GIPCL etc. Most of these are fundamentally very good companies, but none of them have turned into a large cap Blue chip (except Welspun). |
Posted By: deveshkayal
Date Posted: 26/Dec/2007 at 1:58pm
|
Welspun Guj and GMDC are my favourites. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: catcall
Date Posted: 26/Dec/2007 at 7:01pm
|
GACL is the first on track for disinvestment. With regards to GNFC and GSFC, there is a possibility of a merger before disinvestment (this is on account of GSFC's holding in GNFC), though not confirmed... ------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: kulman
Date Posted: 03/Jan/2008 at 5:16pm
|
Hmmm.....had this discussion not stopped, TED would have been known as The Endless Debate.
Anyway, all is well that ends...!
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 08/Mar/2008 at 10:42pm
Not that I'm a Gujarati yet somehow I've special affection to that State, its people & of course their food. Perhaps having spent golden period of my bachelorhood years there has something to with it.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: catcall
Date Posted: 15/Jun/2008 at 8:59pm
|
Interesting Article in Times of Inda:
Modi  has a point SWAPAN DASGUPTA Last year, a prominent leader of Singapore gave Gujarat chief minister Narendra Modi  some audacious advice: ‘‘Keep aside your preoccupation with selling India. You will be better off marketing Gujarat.’’ Contrary to what simple-minded nationalists may feel, this was not a coded signal for secession. Why, the Singapore leader was asking, should Gujarat compromise its comparative advantage as a centre of entrepreneurship and prosperity for the sake of that India which doggedly refuses to enter the 21st century? Should the brightest student in a class be forced to dumb down to accommodate the dullard? The essence of democracy prevents Indian politicians from giving honest answers to such questions. Ever since ‘‘equitable growth’’ and ‘‘inclusive development’’ became consensual buzzwords, India’s policy framework has been geared to target the last person in the last row. On paper this sounds noble but the reality is less appetising. In the guise of giving a leg up to the needy, we have punished enterprise, rewarded criminality, indulged mediocrity and brutalised the vulnerable. The Incredible India of smiling peasants and the Fab India-kitted woman prancing about on a Rural Employment Guarantee picnic — a la the ads during the IPL telecasts — exist entirely in the imagination of demented propagandists. The mindless attachment to failed mantras has blunted the politicians’ capacity for innovative thinking. This may be a reason why Modi ’s plea to the Centre to let Gujarat enjoy complete fiscal independence for one year has been met with incomprehension or drawn a hysterical response — including the silly assertion that he be charged with sedition. The chief minister’s demand that revenues from Gujarat be largely spent on Gujarat is a radical departure from existing federal norms. At present, the Centre collects the lion’s share of all major taxes, including income tax and customs and excise duties, leaving the states with the crumbs from stamp duties, irrigation cess, tax on liquor and VAT on consumer sales. A percentage of the central revenues are ploughed back to the states under the Finance Commission’s guidelines. But the returns are never proportionate. Additionally, the Planning Commission doles out the capital expenditure on approved schemes. The present system was centred on two principles: the government in New Delhi should be a redistributive Centre and development should be centrally planned and not left to the market. The system worked without major hiccups as long as the Centre played the role of a neutral arbiter and until the public sector occupied the ‘‘commanding heights’’ of the economy. Both assumptions are no longer valid. While the market economy has ushered rivalry between states for private investments, fiercely competitive politics has forced ruling dispensations to be more responsive to voters. At the same time, the growing mismatch between those who pay taxes and those who benefit from government expenditure has produced strains in places as far removed as Darjeeling and Mumbai. There is a feeling that revenues generated in the region are inadequately ploughed back and that the present system favours the inefficient. Likewise, there is dismay over the culture of non-accountability that governs grandiose schemes such as the loanwaiver and the NREGS. Some people, it would seem, pay their hard-earned money in taxes while a small, privileged minority squanders and loots it recklessly. Most important, the system is not geared to apportioning accountability for expenditure. A politician in, say, Jharkhand doesn’t give a damn for fiscal rectitude because he knows that the funds at his disposal have actually emanated from somewhere else. In saying that Gujarat should have a greater say in the money it gives to the Centre, Modi is not seeking sops and handouts. Shorn off its polemical flourish, it is a call for a new mindset that treats those who pay for nation building with respect.  ------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: bassein
Date Posted: 06/Sep/2008 at 8:37pm
|
How come Senior TEDdies are not commenting on Gujarat PSU's being asked to part with 30% of their profits before tax towards CSR (corporate and social responsibility)? |
Posted By: basant
Date Posted: 06/Sep/2008 at 9:16pm
|
Actually we have been tired of watching how the Govt. acts as a sucker of public money!
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: tigershark
Date Posted: 07/Sep/2008 at 5:37pm
|
does it make sense to comment on nonsense? ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: bassein
Date Posted: 08/Sep/2008 at 5:34pm
No comment!  |
Posted By: bassein
Date Posted: 08/Sep/2008 at 5:43pm
|
This is from SP tulsian's site. Basantji, please delete if inappropriate... Sep 08, 2008 11:06 am Future continues to rock! http://www.premiuminvestments.in/premium_img/0237418001220852207.jpg">  Gujarat
Mineral Development Corporation (GMDC) is a Gujarat State government
undertaking engaged in the business of lignite, bauxite and fluorspar
mining as also power generation units based on lignite. The
fourth quarter of FY08 had been its best and in comparison, all else
pales. Especially the performance for the first quarter ended 30th
June 2008. Sequentially, the performance has dropped. Net sales is down
15%, and though it managed to reduce its operating expenses, by 25%
which itself is a feat given the rising costs in Q1. Despite that
EBITDA dropped 3% and then interest outgo rose 215 and depreciation by
4% and this pushed down the PBT growth by 19%. And then it added back
the expenses provided for overburden removal and loading of lignite and
this was to the tune of Rs.38.88 crore. This boosted the PAT by 14% at
Rs.72.35 crore. The company might have managed to show an increase in
the last leg but the profit margins indicate the pressure. OPM slipped
down from 55.08% to 48.15% and NPM from 26.53% to 19.75%. A
look at the net sales break-up indicates that there had been a fall
overall. Its income from mining fell from Rs.292.45 crore to Rs.239.40
crore. The income from power also fell, from Rs.50.91 crore to Rs.40,52
crore. YoY,
the company has done well and that to a large extent is very
reassuring. The company continues to remain on a good wicket, it’s just
that Q4FY08 was its best and expecting Q1CY09 to match up or exceed
would be unfair, especially with many companies showing a slower
growth. The
company is presently producing about 80 lakh MT of lignite at its three
mines. New mines have been developed at the various locations at Surat
to cater to South Gujarat where estimated annual production would be 10
lakh MT. 10 lakh MT of lignite production at Amod near Bharuch would
fully contribute in FY09. 30 lakh tonne of lignite production is
estimated from Bhavnagar mines to cater to Saurashtra region and
Central Gujarat. So, in FY 09, the production of lignite would rise by
about 40%. The company also has 250 MW power plant in operation based
on lignite. End of quote. *** I don't know if the part in red is correct. It has gone ex-dividend. But there is no mention of ex-bonus on the NSE site. And the company's web-site isn't too useful. |
Posted By: kulman
Date Posted: 12/Oct/2008 at 1:20pm
|
Narendrabhai needs to be congratulated for getting Nano project shifted to Gujarat. It's a co-incidence that in Gujarati langauge also, naano means chhota. Let's hope all goes well. ------------- Life can only be understood backwards—but it must be lived forwards |