eCharcha.Com   Support eCharcha.Com. Click on sponsor ad to shop online!

Advertise Here

Go Back   eCharcha.Com > eCharcha Lounge > Friday Special

Notices

Friday Special Tickle your funny bone...

Reply
 
Thread Tools Display Modes
  #16  
Old February 20th, 2015, 09:12 AM
Jagmohan Jagmohan is offline
Banned
 
Join Date: May 2014
Posts: 1,696
Jagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond repute
Re: Comedy: Bahut pursat wallah hai PM Modi

Reply With Quote
  #17  
Old February 20th, 2015, 09:16 AM
Jagmohan Jagmohan is offline
Banned
 
Join Date: May 2014
Posts: 1,696
Jagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond repute
Re: Comedy: Bahut pursat wallah hai PM Modi

Quote:
Originally Posted by Bagheera View Post
that whole series of photos, I had seen at one place. google search with,..
"Top Guns to take to the skies at 2015 Aero India santabanta"

Reply With Quote
  #18  
Old February 22nd, 2015, 11:01 AM
Bagheera Bagheera is offline
Junior eCharchan
 
Join Date: Oct 2014
Posts: 168
Bagheera is infamous around these partsBagheera is infamous around these parts
Re: Comedy: Bahut pursat wallah hai PM Modi

Reply With Quote
  #19  
Old February 28th, 2015, 09:21 AM
Bagheera Bagheera is offline
Junior eCharchan
 
Join Date: Oct 2014
Posts: 168
Bagheera is infamous around these partsBagheera is infamous around these parts
Re: Comedy: Bahut pursat wallah hai PM Modi

If Indians aren't investing here, will foreigners?

The Swaminomics Column


2014.Sep.21

Narendra Modi came to power by promising fast economic growth to create millions of jobs. So, it’s mysterious that he has spent so much time on foreign visits and receiving foreign dignitaries like Chinese president Xi Jinping. Foreign relations matter, but cannot create millions of jobs – that requires structural reforms that dynamise Indian investment. Till now, industrial data does not reveal any investment boom. If Indians are not rushing to invest in India, will foreigners really do so?

Based on Chinese briefings, newspaper reports claimed that Xi would pledge $100 billion of Chinese investment in India. Actually only $20 billion of deals were signed; the rest was apparently hype.

Besides, only a tiny proportion of proposals translate into actual investment. `The Economic Freedom of the States of India’, an annual report of the Friedrich Naumann Institute and Cato Institute, shows that of industrial memoranda of understanding signed by entrepreneurs in 2010-11, conversion into investment ranged from a low of 3% in Bihar to a high of 18.4% in Haryana, with Modi’s Gujarat achieving 8.5%. A separate calculation for translation of memoranda into investment between August 1999 and July 2014 reveals an implementation rate ranging from 1% in Bihar and Jharkhand to 13% in Gujarat and 19% in Haryana. Very low indeed.

Xi signed memoranda for investing in two industrial parks in Gujarat and Maharashtra at a total cost of Rs 40,000 crore. This sounds exorbitant. Even at one crore per acre, the land cost will be just Rs 2,500 crore. Top-class infrastructure is already available or coming via the Golden Quadrilateral and Dedicated Rail Freight corridor. The Chinese may offer cheap finance, but the huge debt nevertheless has to be serviced by India, so a careful look at costs -and relevance -is essential.

Over 600 Special Economic Zones have been approved since 2006, but barely 170 have come up, and these are mostly tiny software SEZs. Many promoters of SEZs have abandoned their projects for want of demand from industrialists, despite tax breaks. Companies setting up units in SEZs have to export more than they import, but can sell mainly in the domestic market. Mukesh Ambani’s SEZ in Navi Mumbai lies mostly unfilled, and his proposed SEZs in Maha Mumbai and Haryana have been abandoned.

Even so, politicians want to create ever more industrial parks and corridors. Please, the problem is the lack of a climate that sparks an investment boom, not of parks and corridors. Big parks and corridors yield big kickbacks, which is why the Congress was fond of them. Modi is supposed to be different.

He went to Japan and returned with pledges of $35 billion in public and private Japanese investment. A Japanese official explained that this was conditional on a good investment climate in India that made such projects viable. Modi will be told the same thing when he goes to the US next week.

Big foreign investments make big headlines. Yet India itself has a savings rate of 30% of GDP, and this once touched 37%. It is contributed mainly by households and unincorporated businesses. Foreign direct investment in India is barely 1-2% of GDP. This links India to global markets and technology, and so is disproportionately useful. But it is not the crucial driver of growth. That has to be local investment. Above all, it has to be investment by small and medium enterprises, which already contribute more to investment and growth than large corporations.

This lesson is driven home by R Vaidyanathan’s book India Uninc. He estimates that the share of the private corporate sector in GDP is under 18%, while that of the non-corporate sector is 45%. The share of the non-corporate sector is 64.6% in construction, 74.2% in trade and hotels, 81.4% in transport (excluding railways), 51.6% in storage and 60.8% in real estate. The services sector has been the biggest driver of fast growth in the last two decades, but not mainly because of giant software or BPO companies – two-thirds of services growth has come from the non-corporate sector.

Yet the corporate sector -including foreign companies -gets all the glamour, headlines and VIP treatment. It gets easy access to credit and equity finance while small and medium enterprises are starved. Economic liberalization has benefited large businesses (including foreign ones) most. It has also greatly boosted small and medium enterprises, yet they remain disadvantaged in various ways.Lesson for Modi -don’t spend so much time on foreign investors and dignitaries, focus instead on energizing Indian investment. Small and medium Indian companies can spur growth and employment far more than Xi or Obama.

Source: The famous Swaminomics articles in TOI.
Reply With Quote
  #20  
Old March 12th, 2015, 08:02 AM
Bagheera Bagheera is offline
Junior eCharchan
 
Join Date: Oct 2014
Posts: 168
Bagheera is infamous around these partsBagheera is infamous around these parts
Arrow Re: Comedy: Bahut pursat wallah hai PM Modi

No change on ground on ease of doing business, HDFC's Deepak Parekh says

PTI | Feb 18, 2015, 06.18PM IST

MUMBAI: Pitching for relaxing "administrative controls" to improve ease of doing business, top industry leader Deepak Parekh has said that impatience has begun creeping in among businessmen as nothing has changed on ground in first nine months of the Narendra Modi government.
He said the industry is still optimistic about the changes it expects from the Modi government, but optimism is not translating into revenues and there has been little improvement on 'ease of doing business' front so far.

Parekh, who is known as a guiding voice of the Indian industry and has been on a number of key government panels on various policy and reform matters, further said that 'Make in India' can't succeed unless it is made easier for people to do business here and the decisions are fast-tracked.

"I think there is still a lot of optimism among the people of the country and among the industrialists and entrepreneurs that the Modi government will be good for business, for progress, for reducing corruption. They think this government means business on all these fronts.

"However, after nine months, there is a little bit of impatience creeping in as to why no changes are happening and why this is taking so long having effect on the ground.

"The optimism is there but it is not translating into revenues. Any industry you see, when there is a lot of optimism, the growth should be faster," Parekh said in an interview.

Parekh, an eminent banker and chairman of financial services giant HDFC, has always been very vocal with his views on reform and policy measures taken by the various governments over the past three decades. He was among the first industry leaders to openly criticise the previous UPA government for "policy paralysis" after a spate of scams led to decisions getting delayed within the government and business began getting hurt.

"The thing is that our Prime Minister had a lucky period in these nine months. The world commodity prices are at all-time low which help India the most," Parekh said. Stating that India is again at a position when everyone is looking at it with high hopes, he said, "I don't see ease of doing business changing so far." Parekh cited the example of delay faced by his own group's HDFC Bank, the country's top private sector lender, with regard to approvals required for raising of funds, including from overseas.

"Things are happening at such a speed around the world, we need to move faster as well. Just to give you an example of our own case. We needed to raise some capital in HDFC Bank. It took more time this time than earlier years to get approvals from FIPB etc," Parekh said.

On benefits from oil prices, he said there are many countries that import oil but benefits have been huge for India. Japan is also one of the countries that imports oil. But it does not make any difference to Japan with the reserves of oil they have, whether oil is at USD 50 or USD 40 or even USD 110. Also, they are willing to pay higher price because they can afford it, but we can't.

"We have fiscal deficit and shortage of foreign exchange. These factors, when the government came into power, this was not there on the cards. No one had ever anticipated this (fall in oil prices). Just like none of the 7-8 opinion polls predicted 67-3 in Delhi, no one predicted among the oil analysts at the big firms that the oil will become USD 55. No one predicted this," he said while emphasising that the first nine months of the Modi government has been extremely lucky for it. Elaborating on HDFC Bank's example with regard to 'ease of doing business', Parekh said, "It got FIPB approvals. Then FIPB minutes had to be signed, and then it had to go to the Cabinet Committee on Economic Affairs.

"People were helpful but processes have not changed. Now we are a 20-year-old organisation and we are within the limits (of 74 per cent foreign investment cap). Why can't they change these things. Why can't the administrative controls be relaxed?

"If 49 per cent in defence is permitted and if someone wants to put in Rs 1,300 crore, why should this go to the Cabinet Committee. The FIPB is good enough and it is within the 49 per cent. So, you have to remove controls. You have to make it easier for people like us to do business."

He said the final approval letter came on the last day, after which the issue of Rs 10,000 crore had to be postponed as there were other listing deadlines of Indian and the US stock markets to be met.

"It is very difficult. And it is only administrative and what does it achieve? If it is within the limits, why should it go to Cabinet Committee on Economic Affairs. Why spend the Prime Minister's time on such things as he chairs the CCEA. "If it is a controversial issue, something on security or on defence or some other very important issue, then it can, but not for simple commercial transactions. Someone must take the initiative to remove this," he said.

Parekh said that this committee has been there for the last 35 years that he has been in the industry. "When I started working 35 years, it was Rs 200 crore, now it has gone up to Rs 1,200 crore (foreign investment limit beyond which the case is referred by FIPB to CCEA), but it has not been scrapped."

Suggesting that this revised limit was also very low, Parekh wondered, "Why is it Rs 1,200 crore, make it Rs 5,000 crore. Besides, if it (the investment proposal) meets the guidelines of FIPB, which is chaired by the finance secretary and the finance minister is always aware of FIPB cases, it should be good enough." He also said that a lot of work needs to be done at state levels too on ease of doing business, as things have not changed there either on approvals to start construction of a business etc.

http://timesofindia.indiatimes.com/b...w/46288197.cms
Reply With Quote
  #21  
Old March 12th, 2015, 03:15 PM
sgars's Avatar
sgars sgars is offline
 
Join Date: Jan 2007
Location: Mid West
Posts: 7,017
sgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond repute
Re: Comedy: Bahut pursat wallah hai PM Modi

Aapne bhi Deepak Parekh ka statement bahut Fursat me post kiya. News ka date hai Feb 18.
__________________
This is quite a game, politics. There are no permanent enemies, and no permanent friends,only permanent interests. - Some Firang
Reply With Quote
  #22  
Old March 12th, 2015, 03:38 PM
Jagmohan Jagmohan is offline
Banned
 
Join Date: May 2014
Posts: 1,696
Jagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond reputeJagmohan has a reputation beyond repute
Re: Comedy: Bahut pursat wallah hai PM Modi

Reply With Quote
  #23  
Old March 13th, 2015, 08:15 AM
Bagheera Bagheera is offline
Junior eCharchan
 
Join Date: Oct 2014
Posts: 168
Bagheera is infamous around these partsBagheera is infamous around these parts
Re: Comedy: Bahut pursat wallah hai PM Modi

Quote:
Originally Posted by sgars View Post
Aapne bhi Deepak Parekh ka statement bahut Fursat me post kiya. News ka date hai Feb 18.
But I am not PM. If I waste time, millions won't be affected.
Reply With Quote
  #24  
Old March 15th, 2015, 12:44 AM
aragorn's Avatar
aragorn aragorn is offline
Senior eCharchan
 
Join Date: Sep 2006
Posts: 4,018
aragorn has a reputation beyond reputearagorn has a reputation beyond reputearagorn has a reputation beyond reputearagorn has a reputation beyond reputearagorn has a reputation beyond reputearagorn has a reputation beyond reputearagorn has a reputation beyond reputearagorn has a reputation beyond reputearagorn has a reputation beyond reputearagorn has a reputation beyond reputearagorn has a reputation beyond repute
Re: Comedy: Bahut pursat wallah hai PM Modi

Quote:
Originally Posted by Bagheera View Post
But I am not PM. If I waste time, millions won't be affected.

All is well marvi?
__________________
- Spending your life waiting for the messiah to come save the world is like waiting around for the straight piece to come in Tetris.
Even if it comes, by that time you've accumulated a mountain of shit so high that you're fucked no matter what you do.
Reply With Quote
  #25  
Old March 15th, 2015, 01:49 AM
Bagheera Bagheera is offline
Junior eCharchan
 
Join Date: Oct 2014
Posts: 168
Bagheera is infamous around these partsBagheera is infamous around these parts
Re: Comedy: Bahut pursat wallah hai PM Modi

Time-pass jari hai. Spending taxpayer’s money on marginal and strategically insignificant countries and then shouting that it is useful:

Modi to commission surveillance radar system in Mahe.

http://www.deccanherald.com/content/...ar-system.html

Last edited by Bagheera; March 15th, 2015 at 02:20 AM.
Reply With Quote
  #26  
Old March 15th, 2015, 01:55 AM
Bagheera Bagheera is offline
Junior eCharchan
 
Join Date: Oct 2014
Posts: 168
Bagheera is infamous around these partsBagheera is infamous around these parts
Re: Comedy: Bahut pursat wallah hai PM Modi

Reply With Quote
  #27  
Old March 15th, 2015, 02:19 AM
Bagheera Bagheera is offline
Junior eCharchan
 
Join Date: Oct 2014
Posts: 168
Bagheera is infamous around these partsBagheera is infamous around these parts
Re: Comedy: Bahut pursat wallah hai PM Modi

Reply With Quote
  #28  
Old March 15th, 2015, 02:21 AM
Bagheera Bagheera is offline
Junior eCharchan
 
Join Date: Oct 2014
Posts: 168
Bagheera is infamous around these partsBagheera is infamous around these parts
Re: Comedy: Bahut pursat wallah hai PM Modi

Reply With Quote
  #29  
Old March 15th, 2015, 06:11 AM
Bagheera Bagheera is offline
Junior eCharchan
 
Join Date: Oct 2014
Posts: 168
Bagheera is infamous around these partsBagheera is infamous around these parts
Re: Comedy: Bahut pursat wallah hai PM Modi

Reply With Quote
  #30  
Old March 15th, 2015, 06:28 AM
Bagheera Bagheera is offline
Junior eCharchan
 
Join Date: Oct 2014
Posts: 168
Bagheera is infamous around these partsBagheera is infamous around these parts
Re: Comedy: Bahut pursat wallah hai PM Modi

Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Calling all Kanputer wallah dost log for advise! videsee SoapBox 16 June 22nd, 2015 10:57 PM
Wallah !! Video of Pakistan flag hoisted in Bijapur Dil-hai-pak Friday Special 0 January 5th, 2012 12:18 PM
Wallah !!--57 Hindus convert to Islam in 10 days Dil-hai-pak International Politics 8 January 18th, 2011 09:58 PM
Comedy Central Presents - Stand Up Comedy - Download rameshp Audio, Video & Photography 3 November 3rd, 2005 07:21 AM
ek ajeeb saa sawaal ... aapkee madad ke liye bahut bahut dhanyaavaad tantric_yogi Health 7 March 1st, 2005 07:00 PM


All times are GMT -7. The time now is 06:11 AM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
Site Copyright © eCharcha.Com 2000-2012.