Tihs ins't dffiulict !!!

Don't delete this just because it looks weird. Believe it or not, you can read it.

I cdnuolt blveiee taht I cluod aulaclty uesdnatnrd waht I was rdanieg. The phaonmneal pweor of the hmuan mnid. Aoccdrnig to rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoatnt tihng is taht the first and last ltteer be in the rghit pclae. The rset can be a taotl mses and you can still raed it wouthit a porbelm. This is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe. Amzanig huh? - surocerd form web

We are in for very bad times.............

The Finance Minister expressed surprise at the latest Industrial Production growth figures which is a paltry 1.6%, down from the double digit growth sometime ago. He has promised to dig deep into the reasons for this mess.

I am surprised that the FM is surprised!! You have a doubtle digit inflation, and you keep on rising the Lending Rates, and add to it the investor losing confidence in the stock market due to fear of which company is going to be exposed for corruption next, and you have a classic recipe for slowing down of industrial growth. The interest rates are almost reaching the 1980 proportions, a far cry from the promise made by P Chidambaram and the PM in the begining of the term of UPA 1 to bring the rates down to less than 3%. The high cost of capital (due to high interest rates) and the less disposable income available with the consumer (due to spiralling inflation) has finally started to slow down the economy. That industrial growth will be hit if you raise lending rates is fundamental economics. No sane businessman will invest when the cost of capital is high, especially when he has more avenues open overseas, where the cost of capital is very low.

The country and government is paying the price for the financial indiscipline of the UPA regime. Unless and until we practice fiscal prudence, we will not turn the corner. We are in for bad times...........very bad times.

Discredit the PM to save the Queen

Till a few months ago, it seemed that Manmohan Singh could do no wrong. He was the darling of the middle class, chatteratti, media and foreign Heads of the State.

Suddenly, everyone has found out MMS could do no right. He is held accountable for 2 G Scam, ISRO Scam, Black Money Scam, Inflation, Food prices etc. etc.

I hold no brief for MMS. In fact, I had been a trenchant critic of his lack of leadership and governance.

But, somehow, when the media, most of whom are on the payrolls of Congress, starts upping the ante against the PM, one sees a sinister hand behind this.

No one accuses MMS of corruption. Ineffective - yes, Weak - yes, US Centric - yes, Incompetent - yes, Lacks leadership - yes, Personally Corrupt -No.

Compare this with the Congress Party headed by Sonia. Everyone knows that they take a huge slice of all corrupt deals in this country and that Sonia has dubious links with many, and is accused of siphoing off money abroad.

Thus, when one scandal after another hit the Government, it was obvious that fingers will be pointed not at MMS, who is personally clean, but at Sonia, whose reputation is not squeaky clean.

Hence the orchestrated campaign to discredit the Prime Minister, for the queen must be saved at all costs.

And in the bargain, another non-Nehru-Gandhi PM is put in the bad light, perpetuating the myth that only the dynasty can rule India.

Such are the crooked thinking of the Congress.

Curse of Talent

The vast majority of the people are content to find through trial and error the easiest way of doing whatever it is they do for a livelihood, and to do it that way for the rest of their lives. Then there are those supremely gifted people, who are easily bored even by the results of their own abilities, people who wish each hour to be as different from the next as they can possibly make it. This is, normally, when extraordinary ability is allied with an incredibly low boredom threshold.

This could be called ‘the curse of talent’.

But they are the people who change the world !!!
P.S: The thought is not mine. I read it on the web, and thought should be shared with you

Brace for another petroleum price hike

With crude oil touching $ 103, amidst fears of instability in the Region due to the uprising in Egypt, Indians should brace themselves for another round of petroleum product price rise. The oil companies will cry hoarse about under recovery and then rise the prices by Rs 3-4. The impact on prices will be scary.

More than 50% of the Petrol retail prices comprises of taxes. The government can hold the prices at the retail level but at the same time give a higher recovery to the oil companies by reducing the excise duty. But the Government finances are in such a mess that they would rather welcome the bonanza in increased tax revenue that comes with a petrol price hike, than easing the misery of the common man.

This government has become lame duck and there is no hope of salvation in the near future.

Soft underbellies of constitutional authorities

You have Ministers who are corrupt beyond imagination. )And you encourage corruption in the allies ministry with the hope of having a stick to hit them with during seat negotiations, as in Tamil Nadu. Congress is pleased as punch that Raja was corrupt, for they are using it to bargain for 100 seats in TN)

You had a Chief Justice of the Supreme Court till recently whose only interest it seems was making money and protecting the corrupt.

You appointed an erstwhile Chief Election Commissioner who was indulging in rampant corruption since three decades ago.

You appointed a Chief Vigilance Commissioner who has the sword of palmolein case and sanction for his prosecution hanging over his  head.

And finally, you have a President, who has looted money from Co-operative Banks, and whose husband is a key suspect in a murder case.

All the above worthies, who are constitutional authorities, supposed to be people of integrity and expected to uphold the law of the land without fear, have soft under bellies.

Is it any wonder that there is rampant corruption in the country and no one is punished for it?

Inflation

The Government has been unable to control the spiralling inflation and appears to have no clue as to what is causing it.

The root cause is not one but many.

One has to go back to the year before the General Elections in 2009. During the last couple of years of UPA 1, the Government had artificially reigned in the inflation by controlling the petroleum prices with a view to the elections. Also, P Chidambaram, in his avatar as Finance Minister, had allocated a whopping Rs 60,000 crores to write off the farmers loans. The sting in the tail was that much of this money was to have been paid in 2010 and 2011. PC thought UPA will never be reelected and wanted to get the credit, but pass on the burden to the next Government. But UPA got elected again and was caught holding the baby.

Just prior to the election, the Government announced the pay revision for government employees. Any pay revision normally triggers inflation, as there is more disposable income, and in addition, the employee gets a bulk amount as arrears.

The NREGA has seen lot of money being allocated. But the implementation is so tardy that nearly 80% is siphoned off. This has resulted in black money getting accumulated, which adds to inflationery pressure.

Government totally mismanaged the agriculture sector as any investment in that sector wont result in the kind of marginal GDP growth that MMS wanted. Hence, he went in for investments in the Industry sector, which sent a wrong message to the farmers - that it doesnt pay to farm in India. The labourers started moving away to the much more lucrative industry sector, adding to increased input cost of labour in the agriculture sector. Also, while the retail prices have gone up, most of it have been gobbled up by middlemen, with the farmer hardly benefitting. These disincentives over a period of time has created supply side constraints leading to higher food prices.

The Government, to cover these expenses, printed more notes. Add to it, the black money finding its way back to the market and you have far too much money chasing too few goods.

The structural problems in the economy has to be rectified to tackle the root causes. How is for another post.