why india is stumbling

http://www.nytimes.com/2013/08/31/opinion/why-indias-economy-is-stumbling.html

http://www.nytimes.com/2013/08/31/business/global/forecast-darkens-for-indian-economy.html?ref=opinion

Hey guys,
You are too far away from latest news.
Mms discovered the source of all Indian economic ailments. The opposition bjp. More specifically the opposition party acting like an opposition party and stalling parliament. Even more startling discovery was that bjp calling mms "pm chore hair".
Because of this obstructionist role of parliament opposition, the investors lost confidence in govt and took their money away.
All we need to do is tell bjp to behave like Congress mps and fall in line. Problems solved.
Don't get worked up since mms already found the problem and he will announce the solution: vote rahul for pm.

One policy doing rounds is to use unused gold to defend rupee.
this will make uppili and vakavaka really happy.
Indian govt is considering forcing major Hindu temple trusts to deposit gold with nationalized banks. This in turn will allow those banks to pledge that gold to shore up rupee.
I am sure Indian public will love it asmuch as uppili does.

http://economictimes.indiatimes.com/opinion/columnists/mythili-bhusnurmath/with-all-eyes-on-rupee-worsening-bank-balance-sheets-have-escaped-policy-attention/articleshow/22218244.cms

Excerpts
No, reserves are barely enough to meet seven months' imports and we have $172 billion of external debt due for payment in less than a year, don't fritter them away, comes contrary advice.

truthbetold wrote:One policy doing rounds is to use unused gold to defend rupee.
this will make uppili and vakavaka really happy.
Indian govt is considering forcing major Hindu temple trusts to deposit gold with nationalized banks. This in turn will allow those banks to pledge that gold to shore up rupee.
I am sure Indian public will love it asmuch as uppili does.

The Support  base of Congress party (Mostly Non-Hindus and Hindus divided as votebanks by Media Machinations based on Caste/Culture) will Love it! Actually if this party 
is in power, it probably is going to anyway happen in another 20-30 years. How long is it going to be before an Islamic Majority Government in Kerala starts using Padmanabhaswamy temple gold? They will try taking over directly and if that is not possible nod and wink while the security is relaxed, and let their goons from North Kerala steal the gold. It is probably better if the money from all that gold is distributed to Keralite Hindus today, who are by the way poorest of the lot in Kerala.

The Congress party likes to spend a lot, to fetch votes, after all it has been given a  big purse. But does not care how to get revenues. The FM wants to go after retirees etc and ask them to pay taxes on their meager interest income, while the Hasan Ali Khan's sit happily not paying taxes for their crores. Allegedly, the anti-constitutional NAC, and the coterie around Sonia are on course to ruining the country, with their unfunded entitlement policies and freebies. 

When 32% of the population is poor, she has promised food at extremely subsidized price to 60% of population.  No analysis has been done on whether India can continue to get revenues to fund this subsidy OR what would happen when population grows even more.
Worse, when Bangladeshis realize that Indians are getting grains at cheaper rates, they all would want to come here, and stay poor , adding to the illegal immigration menace.

To avoid differential pricing,she wants Cash transfers, which is Ok, but then if the government starts doing cash transfers to 60% of the population, we do not know what to call it. 


Instead of pruning subsidy, she has added another big subsidy of $20 Billion. Even Agriculture minister opposed it, because he is not sure what this subsidy is going to do to agriculture in the long run, if government starts buying up everything that India produces. it will artificially create a shortage, and India will have to import cereals and grains to keep the private markets. That is what I see happening!


Allegedly, it is being said that Congress party's concept has been to dole out Freebies to Minorities and the Votebanks among Hindu Backward classes to divide Hindu opposition to their pillage and plunder. So, they can dole out the Gold to these alone promise a little to Hindu Backward Classes, Dalits (a name conveniently used by Congress to Divide Hindus) etc.. I do not see anything preventing them. Yes there will be a few morchas, a few demonstrations, but nobody has the stomach for violence like their favorite Votebank, the Muslims. Off course they will not touch the Second Largest Land Owners in India with untold wealth (the Christian Clergy) or the Wakf Property OR various Nizams who own tens of thousands of crores etc..

Somebody rightly said that Sonia has prepared a Poison pill for next government. 
Even if somebody else comes in, they cannot do much, as a big chunk of the revenue is going to go into these subsidies, cash transfers and other minority focused development schemes. Rupee Value (who cares!)

rawemotions wrote:

truthbetold wrote:One policy doing rounds is to use unused gold to defend rupee.
this will make uppili and vakavaka really happy.
Indian govt is considering forcing major Hindu temple trusts to deposit gold with nationalized banks. This in turn will allow those banks to pledge that gold to shore up rupee.
I am sure Indian public will love it asmuch as uppili does.

How long is it going to be before an Islamic Majority Government in Kerala starts using Padmanabhaswamy temple gold? They will try taking over directly and if that is not possible nod and wink while the security is relaxed, and let their goons from North Kerala steal the gold. It is probably better if the money from all that gold is distributed to Keralite Hindus today, who are by the way poorest of the lot in Kerala.

You are dead wrong. The iSlamis will NEVER do that bcz it will amount to another MogulAmania. But, when you have wiesels like the CONcrass and other PiSS parties to act as surrogates, why should the iSlamis get involved directly.

There have already been calls where various Busybodies (including Non-Hindus) have asked for this wealth to be used. When they are more than 50% all bets are off!, as seen the world over.

I just do not understand why intelligent , suave and moderate Muslims keep quiet when their Political Islamist Brethen go on a rampage, brandishing their books. I see them jumping to various forums writing that all that is mis-interpretation etc.. But they never directly oppose the small minority of Political Islamist folks  directly in strength. This is a problem affecting all countries with Islamic Population more than 10%. May be such countries need to get together to devise common policies to oppose Islamic Aggression funded by Saudi Arabia and Gulf.

Saudi Arabia is using its Oil power and that is why most countries keep quiet. But if they get together and oppose such policies, I think Saudi's will back off. Canada and Russia can help with the Oil.