Every Government wants to rule with the best of its policies but for a country having +120 Crore population, many Governments make policy mistakes, which cost the country tremendously & badly. Same mistakes have happened by many of the past Indian Governments & also the current Indian Government. Here are highlighted some of the major Bad Financial Policies of the Indian Government.
Living on Foreign Dollars:
India is a country of +120 Crore population. Here more & more younger class shall emerge in coming years who shall like to have a house of their own & enjoy all the modern gadgets, luxuries of life. Now, do India is equipped to handle all that demand? Indian Government has little done to promote its own small scale & middle scale industries which can cater to these modern gadgets like Mobile Phones, Televisions, Laptops, Computers etc. Take the case of mobile phones. Most of the Indians, even poor are having mobile phones nowadays but most of these are imported for which you require foreign exchange, increasing its demand. If there were good fully indigenous Indian companies providing these mobile phones then India would not have required foreign exchange to import it / its parts. Same is the case with Televisions, Laptops, Computers etc. for which or for their parts, huge foreign exchange is required to import it. Had Indian Government developed fully indigenous Indian Industries for these products, Indians would not have required that precious foreign exchange to import these. Indian Government would have taken measures which would have stopped Indians Living on Foreign Dollars & that would have controlled the increasing Current Account Deficit (CAD).
Incentives to stop investing in Gold:
Indians Love Gold. Reason being that they have very little good investing options. Though Indians have options of putting money in banks but Indian Government has made putting money in banks like Fixed Deposits (FDs) etc. unfriendly to investors. Indian Banks nowadays give interest rates which somehow do not cater to the increasing Inflation after paying the taxes on its interest. Why can’t Indian Government make investing in Fixed Deposits (FDs) investor friendly by not taxing the interest on it. If interest on Fixed Deposits (FDs) is made tax free then people shall put money in FDs than putting money in Gold. Secondly opening a bank account requires so many documents while Gold can be bought across any street of India hassle free, from any shop & it does not require any documents to purchase it. So Indian Government needs to make it more investor friendly to open an account in a bank & interest on investment has to be tax free as then only precious foreign exchange to import Gold can be saved.
No control on Vehicles (cars etc.) coming on Indian roads:
Singapore has a policy that it restricts putting more & more cars on Singapore roads. They have made a policy like that “Huge money” is required to be paid to Singapore Government to have a license to have your own car & to put it on Singapore roads. Why have Indian Government allowed uncontrolled flow of cars on Indian roads, which guzzle all that fuel, which has to be mostly imported, for which precious foreign exchange is required. if Indian Government would have made some policy by which cars would have come in a controlled way on Indian roads then Indian fuel import bill would have been reduced, which is a big reason for increasing Current Account Deficit (CAD) in India.
No push to be self reliant on Coal & Oil:
Indian Government has lagged very much to have policies which would have made India self reliant on Coal & Oil. If Indian Government had given a great push to develop indigenous industries which would have catered to the demand of Coal & Oil then all these precious import dollars would not have been required. So Indian Government has to immediately push for those policies which shall produce more & more Coal & Oil in India only so as to reduce the import burden on Indian economy.
In short India needs to start earning dollars by producing more & more Indian products & then exporting these to earn more dollars, just like China has done with its economy. Indian Government has to stop living on borrowed dollars which is like soft money of Foreign investors, which is basically a loan to India & which they shall take back someday. Let India be self reliant on its Dollars. Let India earn its dollars than borrow it to sustain itself.
May God Save India From This Financial Mess.
(This article is subject to
Copyright of the Author. All rights reserved. Copying / Reproduction of this in
any form is Strictly Prohibited.)
Labels: Bad Financial Policies, CAD, Current Account Deficit, dollar, economy, Financial Policies, Indian, Indian economy, indian government, industry
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With more than
85% of the precious time wasted in Indian Parliament in this session, when Politicians stopped proceedings over the killing of Indian soldiers on the Pakistan border, Robert Vadra issue, clashes in Jammu and Kashmir and missing files on coal allocation, I have a suggestion to make that “Holograms of Politicians should be replaced with them in the Parliament”. With Indian Taxpayers paying so much money for each minute running of the Indian Parliament & these Politicians always protesting, fighting & wasting the precious time of the Indian Parliament, replacing them with their Holograms shall be the best solution to save time & money of the Parliament. Then their Holograms shall have to answer some preprogrammed answers only & some of them (opposition members holograms) can be programmed to protest only. These Holograms shall work just like the Programmed Robots who shall do the specific jobs like doing protests etc. or saying Yes or No in the Parliament.
It is a proven technology & has been implemented successfully at the London airport & is being recently implemented at London Council Office where a Hologram shall Replac a Human Receptionist. As per the
report:
“London council building that is replacing a human receptionist with a hologram named Shanice.
The hologram is going to cost them a total of $19,000 and will be projected to appear as though she is sitting behind a desk, MSN reports. She will be programmed to answer a limited amount of questions for individuals who enter the town hall building, reports UPI.
According to the council, the hologram will be a more cost efficient measure -- plus humans answering questions is totally outdated anyway.”
So let’s save precious money of the Taxpayers by implementing the measure of replacing the Politicians in Indian Parliament with their Holograms. What do you say??? Your comments are awaited.......
Labels: Hologram, Indian, lok sabha, London airport, London council building, Parliament, Politician, rajya sabha, receptionist
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As per one news report....Thieves want to Steal Onions now as Robbing Money, Gold is not Lucrative for them. As per the
report:
Indian police have foiled a bid by robbers to make off with a truck laden with onions, in an unusual crime apparently motivated by rocketing prices of the staple food.
Three men stopped a truck on the main road from the western city of Jaipur to the capital New Delhi on Sunday on the pretence that their vehicle had been damaged in a collision.
After accusing the truck driver of causing the accident, one of the men jumped behind the wheel and the others fled.
Police were quickly alerted and they erected barricades on surrounding roads to stop the thieves.
Seeing their route blocked, the men abandoned their loot and escaped on foot, allowing the grateful truck driver to continue on his journey. Read full story
here
Labels: india, new delhi, Onion, Robbery
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As per a news report.....A Dog Saves Cat In Rare Blood Transfusion Op. As per the
report:
Macy the Labrador stepped in when Rory the ginger tom became ill after eating rat poison.
Vet Kate Heller, of Tauranga in New Zealand, said the feeble feline was fading fast and needed an immediate transfusion to survive.
She searched for a suitable donor cat but could not find one quickly enough.
Ms Heller decided to take a gamble and use dog blood to try to save the animal, knowing Rory would die instantly if she gave him the wrong type.
Rory's owner Kim Edwards frantically called up her friend Michelle Whitmore, who volunteered Macy as a blood donor.
The vet took 120ml of blood from the 18-month-old Labrador and transferred it to the cat, which started to recover within an hour. Read more
here
Labels: Blood Transfusion, Cat, Dog, New Zealand
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Yes just tell me......................How far would you go to charge your phone? These Bangladeshis come to India! A per one news report:
The residents of Mashaldanga, a Bangladeshi enclave in Indian territory, have to travel down a 230-metre PWD road to a foreign land - India - for their daily needs and to charge their cell phones because their enclave has no electricity supply.
Mashaldanga, with a population of over 3,500, is one of 51 Bangladeshi enclaves situated in Indian territory, in West Bengal's Cooch Behar district. The entire population has to depend on adjacent Najirhat locality in Indian territory, approached by a 230-metre state PWD road, every day to charge cell phones, buy salt, vegetables and edible oil.
Read more at:
How far would you go to charge your phone? These Bangladeshis come to India!
Labels: Bangladeshis, charge, india, mobile, phone
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Sri Lanka’s capital city Colombo is it’s largest city. In Colombo, you can find all the Foreign Cars moving, all the imported goods & all things Foreign that can be found all over the world. In simple terms, most of the things that a person considers a luxury is imported from other countries. Result is that Sri Lankan Rupee quotes against 1 US$ to Rs. 132 nowadays. Same is the case with Pakistan & the Pakistani Rupee quotes as 1 US$ to Rs. 102. Reason being exports are much less while imports are much more.
Same problem is with India now that its exports are getting much less while imports are increasing day by day. India’s “Current Account Deficit” (CAD), the difference of exports & imports is increasing day by day. India’s main Foreign exchange source is not permanent but temporary & that Global players / investors are putting temporary money (dollars) in Indian markets (share markets & other money markets) which they borrow cheaply from other world markets where interest rates are very low. This temporary money goes out in the same way as it comes as world markets change very rapidly as per changing world market conditions. This flow out of dollars from India in future shall put lot of pressure on Indian Rupee & it shall depreciate further & also very fast as Indian Government is not having any concrete plans to stop it’s depreciation.
India’s population is so much that in the coming years, more & more younger class shall be having their own family. This younger class shall be using more & more imported goods from China, Europe, USA etc. countries, which shall increase imports like anything. This shall increase the Current Account Deficit (CAD) badly, which shall lead to depreciation of Indian Rupee very fast. Also many Indian companies are having huge debt in dollars terms & it’s payment shall also put lot of pressure on the depreciation of Indian Rupee.
Indian Government / Reserve Bank of India (RBI) is also a great buyer of US $ / dollars to increase it’s foreign exchange reserves & it shall also put lot of pressure on Indian Rupee which shall lead to depreciation of Indian Rupee. As Indian Government is not having any concrete policies / plans by which Indian exports can be increased substantially & can contain the rising Current Account Deficit (CAD), so all of the above said factors shall lead Indian Rupee to slide down to Rs. 100 vs 1 US $ in next coming years. Indian currency shall soon be on the path of Sri Lankan Rupee & Pakistani Rupee, which are quoting above Rs. 100 vs 1 US $.
(This article is subject to Copyright of the Author. All rights reserved. Copying / Reproduction of this in any form is Strictly Prohibited.)
Labels: CAD, Current Account Deficit, depreciation, Government, india, indian government, Indian Rupee, INR, RBI, Reserve Bank of India, Rupee, US$, USD
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This one can be called "The Ultimate Thief" as a Russian Man has been Arrested For Stealing Entire Road. As per a news
report:
A man has been arrested after apparently stealing a complete stretch of road in a remote area of Russia.
The man stole 82 reinforced concrete slabs that formed the route from the village of Parcheg in the republic of Komi to the Vychegda River, the RIA Novosti news agency reported.
It is thought he used an industrial manipulator - a machine that is both a bulldozer and forklift - to dismantle the slabs.
The pieces of road were then loaded onto three trucks which were later intercepted by police.
The stolen slabs were worth about 200,000 rubles (£4,000), according to Russia's Interior Ministry.
So have you ever seen a big thief than this one?????
Labels: Arrested, Man, Road, Russian, Stealing, Thief
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Indian Politicians can learn how to woo the voters from Norwegian PM. As per a news report:
A video called 'One Day in June' was posted on the Norwegian Prime Minister's Facebook page on Sunday.
It shows Jens Stoltenberg wearing a taxi driver's uniform and sunglasses, driving passengers around the streets of the Norwegian capital, only confirming his identity when asked.
"So, you have begun driving a taxi," deadpans a passenger after realising who his chauffeur is. "Have you quit as prime minister?" asks another.
So Indian Politicians, take a lesson on tactics how to surprise your voters. Now what do you say on this report........
Norwegian PM surprises voters by posing as taxi driver
Labels: Indian, Norwegian. norway PM, Politicians, Prime Minister, taxi
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What do you think Spiders can do & impact your life????. Yes, they can delay flights at Airport as some Spiders delayed flights at Kansas airport. As per a
report:
The FAA believes that 5 flights at Kansas City International Airport were delayed on Saturday after an infestation of spiders descended upon air traffic controllers.
Three employees were reportedly bitten last week at the Air Traffic Control Center in Olathe, which controls the air space around Kansas City. Subsequently, the air traffic controllers were evacuated and moved to another area of the building.
So beware of these spiders in your life & in your home also as I am wondering what else these Spiders are capable of doing!!!!!!
Labels: Airport, delay, Flight, kansas, Spiders
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It is really interesting that somemone may buy a parking space for $465,000. Oh my God!!! I have not even earned that much in my life. As per a news report:
This parking space in London’s Hyde Park Gardens is on sale for $465,000. By Henry Austin, NBC News contributor LONDON — A parking spot has been put on the market in Britain’s capital for an eye-watering $465,000
So wht's your pocket saying to buy this parking space as
What does $465,000 buy you in London? A parking space (but just for 91 years)
Labels: london, parking, parking space
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In
India there are many cases of Female
Foeticide as in their craving for a Boy many people do all
these prohibited acts like Female
Foeticide. Now what would you say for this American
Family.
As per a report.........Family with 11 boys tries for a girl -- and gets another boy
Teri
and Jay Schwandt hoped that the 12th time was the charm. The Schwandts are the
proud parents of 11 boys and thought that No. 12 might be their lucky number—and
their first daughter.
“We
thought maybe, maybe, you know, we're going to have a girl. Number 12 could be
the one,” Teri told TODAY. Read full story.......here
Labels: boy, Female Foeticide, girl, india
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Cops / Police is supposed to take care of problems of
the public but what would you say to such corrupt
Cops who are exploiting a government scheme that
provides Rs 2700 for the cremation of any homeless person in the Indian
UP state. As per a report, In India, on camera, a cop / policeman and a rickshaw-puller are seen carrying a dead body wrapped in a white sheet to the ghats of river Ganga.
How greedy such cops are who are not following
rituals meant to endow some dignity and humanity on
those who have died without anyone to care for them. What do you say on
it???
Labels: Camera, Cop, cops, dead, Dead bodies, river
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It is good to have sympathy with animals but what would you say to a Man
who Jumped into a Tiger’s Cage to Set it Free. Alas! he was Mauled badly. As per
a
news report:
A 22-year-old man who
jumped into a tiger’s cage at the zoo here Saturday noon to “free” the big cat
got mauled.
Mohammad Imran Khan
of Piroo village of Aurangabad district – who was visiting the city – was rushed
to a hospital, from where he was referred to Patna Medical College and
Hospital.
So as per me, in his case, though he was sympathetic but he was a fool
also.....what do you say???
Labels: Cage, Jump, Man, Tiger
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Have you ever wondered How gold is smuggled into India?? I read an interesting
article which tells in detail & gives all the different ways in which gold can be smuggled into India.
Now as Custom duty is increased to 10% in India so Gold shall become costlier by 10% if you import it. So smuggling in India shall increase obviously as per me. What do you say on it? Read all ways in which Gold is smuggled into India......
here
Labels: Gold, india, Smuggling
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Do Elephants have Feelings?? Can they take Revenge on humans if their feelings are disturbed very much???
As per Yahoo news:
Last week near the village of Matari in eastern India, a Kolkata-Delhi Duronto Express train struck and killed an elephant — an accident that is unfortunately commonplace in that region.
The response by the herd is more surprising.
About 15 elephants appear to be mourning the loss of one of their own and have returned to the site of the incident, the Times of India said.
The elephants have refused to move the last several days, causing train disruptions.
The elephants also appear to be grieving in a more destructive way.
They've damaged surrounding houses and even demolished part of a schoolhouse.
Efforts to disperse the elephants using firecrackers have been unsuccessful. The elephants have persisted in their vigil. Read full story here
Seeing this incident I am of the firm view that not only elephants but all animals have feelings & they shall strike back on you if you shall disturb their feelings.....what do you say on it????
Labels: Delhi, Duronto Express, Elephants, Feelings, Kolkata, Revenge, train
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When all over the world Women are being given equal rights & they are coming forward in all the fields which were earlier domains of men only, here in India two India's prominent Islamic helplines are discouraging young callers, especially women, from creating profiles and posting pictures on popular social networking websites Facebook and Twitter on the ground that it is unIslamic.
As per me when Indian Constitution gives equal rights to people & women then how good is releasing such fatwas by Muslim bodies. Read full story here........
Women Posting pictures on Facebook, Twitter unIslamic & give your comments what do you say on it!!!!
Labels: Facebook, india, Pictures, Post, Twitter, UnIslamic, Women
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After seeing much publicity of 'Chennai Express' on TV channels, I watched this film yesterday. God forbid, I would have never seen this film if someone would have given me the real review of it. TV propaganda is mostly false & deluding so I got carried away with it & watched the movie. Once you go for it, you will surely regret watching 'Chennai Express', as it is another run of the mill movies like ‘Golmaal’ series movies.
This movie has no story & can be summed up in three lines. Shah Rukh Khan & Deepika Padukone meet in a train 'Chennai Express', where Deepika’s cousins (some south Indian Don’s family members) are trying to take her to her father in south indian village as she has run away from home. In whole of the movie, Shah Rukh Khan is fighting with Deepika’s family members. In the end Shah Rukh Khan is able to win over Deepika Padukone, of course after beating family members of Deepika Padukone. Is this story worth watching?
If you shall see this movie then you shall waste your money & also waste lot of your precious time.
So pl. don’t waste your time & money on this movie as it is a real headache film.
Labels: bollywood, Chennai Expres, Deepika, Deepika Padukone, headache film, hindi movie, movie, Movie Review, Shah Rukh, Shah Rukh Khan
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Edward Joseph Snowden is the first American Citizen who has successfully leaked details of several top-secret United States mass surveillance programs to the press & yet is beyond the reach of US government. In fact Somewhere in Russia,
Edward Snowden Is Smiling at his success that after leaking all these surveillance program of US government, he is having the support of so many countries including Russia where he has found shelter.
Now the question is not, whether
Snowden is successful or not but that Snowden has shown his fellow countrymen that they too can expose wrongdoings by their government (if they feel so just like Snowden felt), if they find any such things in their life. Now U.S. People can have faith & take heart that many countries of this earth are there to support them, take care of them, by sheltering them, just like Russia did for Snowden.
When Vladimir Putin of Russia rejected all U.S. pleas to send Snowden back to USA and granted
Edward Snowden asylum then he made it clear to the world that no more USA wields that power now by which any country on this earth would heed to U.S. dictates. In fact, President Vladimir Putin has shown each American that they too can expose wrong policies of U.S. Government if they find so & Russia welcomes all of them & shall give shelter to them just like they gave shelter to Edward Snowden.
So, now it is to be seen, how fast in future & how many people like Edward Snowden in USA shall soon expose more about US policies, whether these are surveillance programs, diplomatic policies, welfare programs or financial policies of the U.S. Government. So President Obama should not worry & lose sleep over Snowden but should worry more over the future Snowdens in USA who are going to make his life more miserable.
Labels: Edward Snowden, Edward Joseph Snowden, Obama, Putin, Russia, surveillance program, U.S, United States of America, US government, USA
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Since BJP announced that
Rs 5 shall be charged for attending the rally of Narendra Modi, I am wondering why this Rs 5 fee for attending the rally????? As per BJP, the money will reportedly be donated for the rehabilitation of the flood victims in Uttarakhand. BJP gets hundreds of crores in donations annually & can’t BJP donate just Rs. 5 Lakhs for Uttarakhand out of that considering 1 Lakh people shall be attending it. I think BJP wanted to gauge the popularity of Narendra Modi through it but is it logical to charge Rs. 5 only for that???? If the rally would have been free then more than 1 Lakh people would have come. What do you say????…..Viewers comments are welcome…….
Labels: BJP, Narendra Modi, rally
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After
Pakistan army violated ceasefire & killed 5 Indian soldiers at LoC, what are the options left with Indian Government:
- Should Indian Government stop all diplomatic dialogues with Pakistan Government?
- Should Indian army also cross LOC & kill Pakistani soldiers?
- Should India go on a full fledged war with Pakistan?
- Should India take help of United Nations or other Countries like USA?
- Should Indian Government keep quite & let go what’s happening?
I think war with Pakistan or crossing LOC & killing Pakistani soldiers should not be an option, as both countries are nuclear powered countries & any risk of war can escalate the situation badly. India should not go before United Nations or other Countries like USA as they have their own interests with Pakistan & nobody is going to help India in resolution of such matters.
I think Indian Government should break all diplomatic channels with Pakistan immediately & stop all trade with Pakistan immediately. Bending before Pakistan on knees by not taking any action shall be absolutely wrong. Pakistan should get a message that if any happening of such type happens in future then consequences shall be bad for Pakistan, whether, diplomatically or economically. In any way Indian Government should not keep quite & let go what’s happening……. Indian Government should take some action immediately .
Your comments are welcomed……….
Labels: Indian, indian government, kill, loc, Pakistan, Pakistan army, soldier
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Hello Everyone, soon I shall start posting on it.....Pl. wait a while.......
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