[Safe Forex Trading System] Fwd: [ISG:333494] Subramanian Swamy's radical reform agenda for NDA govt in 2014
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---------- Forwarded message ----------
From: neo <fnordseer22@gmail.com>
Date: Mon, Sep 23, 2013 at 7:20 PM
Subject: Re: [ISG:333494] Subramanian Swamy's radical reform agenda for NDA govt in 2014
To: investmentsupergrowth <investmentsupergrowth@googlegroups.com>
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From: neo <fnordseer22@gmail.com>
Date: Mon, Sep 23, 2013 at 7:20 PM
Subject: Re: [ISG:333494] Subramanian Swamy's radical reform agenda for NDA govt in 2014
To: investmentsupergrowth <investmentsupergrowth@googlegroups.com>
Falling rupee is also contributing to inflation So, to some extent gold imports are partly responsible for inflation.
-- In past few years (2008-2013), gold has risen only 40% (taking into account the recent correction) which is barely 7% a year. You can get better returns from fixed deposits without any risk. Also, the abnormal rise in gold prices in last 5-10 years was an exception, not a norm.
On Mon, Sep 23, 2013 at 5:44 PM, Suneil Chopda <suneilchopda@gmail.com> wrote:
Without getting in to the merits of buying gold/silver and its impact on economy, could you please tell what avenue the common man have to protect himself against the rising inflation. Moreover all of the so called economist suggestion that buying gold is not good for economy, if somebody has to look at past few years gold has risen and economy has also performed well, so all of a sudden why this hue and cry.The economy is in tatters because of the $ outflow on account of huge hawala demand for $ ( To stash the black money abroad, which of course will be in USD). I feel gold is the only currency(for lack of better comparable) that government would not find easy to play with.RegardsSunil--On Mon, Sep 23, 2013 at 2:26 PM, Shiv Kumar <journoshiv@gmail.com> wrote:
I agree that people shd not buy gold/ silver, etc. I don't have any
gold, silver etc on me.
People who buy foreign electronic items like fridge are being stupid.
Those imported are not made for India, so you end up losing money. I
have Godrej refrigerator and it is an old workhorse.
As for LED TVs etc, the government has to make use of its full arsenal
in the tax kitty. Right now, maximum taxes are not being levied. Govt
must
force the companies to make in India.
As for Swami's suggestions quite a few are quite dumb. Why make it
difficult for people to visit UAE? Most of our forex comes from there!
And those sending money by hawala can do it sitting at home on their
own computers!
The guy is playing to the gallery.
shiv kumar
On 23 September 2013 12:40, Rajesh Gupta <rajeshmangla266@gmail.com> wrote:
> Dear Shiv ji
> with all due respect and regards I need to resist for your comment on Sub
> Swamiji, I solicit your point of view what is your suggestion to improve the
> economy, though we both are not capable of doing anything much but atleast
> start supporting this cause with urgent basis followings
>
> stop buying Gold and Silver and Crude in Satta mkt and physical as well
> stop buying 3D/LED TVs, A/c, Refrigerators, music equipments which have
> alternates
> stop buying Imported and costly Cars/Bikes and which contains Imported compo
> stop buying corn flakes/Crunch and Munch alongwith Pizzas
> stop buying shoes & accs clothing available online from foreign portal
> stop buying advance computers if it is not necessary
> stop buying Mobiles of high value
> stop buying anything which is not necessary and impact dollar needs
>
> stop buying for your status but only daily needs
>
> Be Indian and Buy Indian
>
> atleast these resolution on individual basis may help economy to sustain
> some where and give check to those who dump in India in the name of fashion
> which ppl are carried over, and this may and may not necessarily boost our
> economy I accept in advance.
>
> with best regards
> Rajesh Gupta (Mangla)
>
>
>
> On Mon, Sep 23, 2013 at 11:23 AM, Shiv Kumar <journoshiv@gmail.com> wrote:
>>
>> the guy has finally lost it!
>>
>> On 22 September 2013 23:02, neo <fnordseer22@gmail.com> wrote:
>> > Subramanian Swamy on what ails the Indian economy
>> >
>> > By Subramanian Swamy on September 21, 2013
>> >
>> >
>> > By all economic criteria, the Indian economy is today sick and in a tail
>> > spin heading for a crash unless effective steps are taken soon to
>> > reverse
>> > the trends by a new economic reform policy.
>> >
>> > Some of these criteria are:
>> >
>> > » Foreign exchange reserves divided by short-term foreign debt is at a
>> > very
>> > low[1990] level.
>> >
>> > » Balance of payments' current account deficit as a ratio of GDP is
>> > highest
>> > since 1990, at 4.0 per cent.
>> >
>> > » Total fiscal deficit in the Central and State Budgets now exceeds the
>> > danger mark of 12 per cent of GDP, thereby committing a crime under the
>> > Fiscal Management Act passed by Parliament in 2005.
>> >
>> > » Reverse short-term capital outflow by panic cashing of Participatory
>> > Notes, hawala operations, and rigged short-selling of the rupee in Dubai
>> > and
>> > Singapore, has accelerated destabilising the rupee/$ rate, which as a
>> > consequence has fallen by record amount.
>> >
>> > India's household savings rate, which was the highest in the world in
>> > 2004
>> > has fallen, and is also shifting to hoarded non-financial assets, which
>> > is
>> > causing a huge fall in the growth rate of GDP, due to decline in
>> > investment
>> > and in employment.
>> >
>> > These trends are aggravated by the sharp rise in corruption and the
>> > reckless
>> > spending spree through stupid leaking schemes such as NREGA and the Food
>> > Security Act during the UPA tenure. The Indian economy is today in a
>> > financial ICU and on a ventilator.
>> >
>> > Hence unless the economic situation is rectified by new reform policies,
>> > disaster and default of debt payments await the Indian people.
>> >
>> > The announcement yesterday by RBI Governor of an increase in the REPO
>> > rate
>> > shows his short-sightedness and foreign mentality. His economics has
>> > been
>> > known to be the same as that caused the US Depression of the 1920s,
>> > namely
>> > following a conservative fiscal policy.
>> >
>> > Just when investment and capital market needed an injection of
>> > adrenalin,
>> > Dr. Rajan asphyxiated the investor. By mid-2014, the Union Government
>> > will
>> > be on the verge default of payments for past obligations.
>> >
>> > The NDA government in 2014 will have to usher some radical reforms to
>> > remove
>> > the dark clouds of despondency that has descended on the nation to
>> > revive
>> > the economy and put it back on a growth path of more than an annual
>> > growth
>> > rate of 10 per cent per year.
>> >
>> > My suggestions for this would be as follows:
>> >
>> > » Make income tax-deductible all recognisable forms of financial savings
>> > such bank term deposits, share certificates etc.
>> >
>> > » This will boost the rate of savings (If direct income tax is
>> > abolished, it
>> > will mean minimal paper work for the people).
>> >
>> > » Streamline excise taxes on goods, by making only the top 25 revenue
>> > providing commodities subject to excise tax.
>> >
>> > » Issue Ordinance nationalisation of all bank accounts of Indian
>> > citizens in
>> > 70 countries that permit secret banking.
>> >
>> > » This will net Rs 100,000 lakh crores or $ 1.6 trillion for government
>> > revenue.
>> >
>> > » Confiscate and Abolish Participatory Notes, arrest under PMLA the
>> > prominent hawala operators, require special passport clearance of Indian
>> > citizens for travel to UAE, Singapore and Macao.
>> >
>> > » This will bring the rupee/$ rate down to Rs 40 within two weeks. NDA's
>> > goal should be to make Rs 10.00 = $1.00.
>> >
>> > » Fast track the infrastructural projects by allowing 100% FDI in them
>> > under
>> > the automatic route subject only to a strict national security clearance
>> > and
>> > to a level playing field for Indian competitors. High priority should be
>> > given to infrastructure that enables agricultural exports of grains,
>> > milk,
>> > fruits and flowers. Linking of all national rivers should being
>> > immediately
>> > to promote rural employment and agricultural productivity.
>> >
>> > » This will attract desirable FID, empower the local investors, and
>> > divert
>> > the semi-processed exports of East Asia to China to India for enable
>> > enhanced value-added re-exports to US and Europe from India.
>> >
>> > --
>> > "Invest in Knowledge, Share with Others, Grow Together"
>> >
>> > Group Home Page: http://groups.google.co.in/group/investmentsupergrowth/
>> >
>> > Sheet:
>> >
>> > https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGZZN0F2eGNIUkhWX01iV0NKTlhKcnc&pli=1#gid=0
>> >
>> >
>> > Submit KYM:
>> >
>> > https://docs.google.com/spreadsheet/viewform?formkey=dHpkZnRfTlVValVObk5HRG1qdVhtSGc6MQ#gid=0
>> >
>> > ISG is an open forum for expressing views. Members recommending stocks
>> > may
>> > have positions thus having vested interest in the same. Individual
>> > members
>> > are requested to do their own research and/or consult a certified
>> > financial
>> > planner before making decisions with respect to buying and selling
>> > stocks or
>> > derivatives. Keep suitable stop loss without fail.
>> >
>> > ISG, it's owner and moderators do not take any responsibility for the
>> > views
>> > expressed in the forum and any consequences including financial, legal
>> > or
>> > otherwise resulting from actions based on such views.
>> > ---
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>> > email to investmentsupergrowth+unsubscribe@googlegroups.com.
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>>
>> --
>> "Invest in Knowledge, Share with Others, Grow Together"
>>
>> Group Home Page: http://groups.google.co.in/group/investmentsupergrowth/
>>
>> Sheet:
>> https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGZZN0F2eGNIUkhWX01iV0NKTlhKcnc&pli=1#gid=0
>>
>>
>> Submit KYM:
>> https://docs.google.com/spreadsheet/viewform?formkey=dHpkZnRfTlVValVObk5HRG1qdVhtSGc6MQ#gid=0
>>
>> ISG is an open forum for expressing views. Members recommending stocks may
>> have positions thus having vested interest in the same. Individual members
>> are requested to do their own research and/or consult a certified financial
>> planner before making decisions with respect to buying and selling stocks or
>> derivatives. Keep suitable stop loss without fail.
>>
>> ISG, it's owner and moderators do not take any responsibility for the
>> views expressed in the forum and any consequences including financial, legal
>> or otherwise resulting from actions based on such views.
>> ---
>> You received this message because you are subscribed to the Google Groups
>> "InvestmentSuperGrowth" group.
>> To unsubscribe from this group and stop receiving emails from it, send an
>> email to investmentsupergrowth+unsubscribe@googlegroups.com.
>> For more options, visit https://groups.google.com/groups/opt_out.
>
>
> --
> "Invest in Knowledge, Share with Others, Grow Together"
>
> Group Home Page: http://groups.google.co.in/group/investmentsupergrowth/
>
> Sheet:
> https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGZZN0F2eGNIUkhWX01iV0NKTlhKcnc&pli=1#gid=0
>
>
> Submit KYM:
> https://docs.google.com/spreadsheet/viewform?formkey=dHpkZnRfTlVValVObk5HRG1qdVhtSGc6MQ#gid=0
>
> ISG is an open forum for expressing views. Members recommending stocks may
> have positions thus having vested interest in the same. Individual members
> are requested to do their own research and/or consult a certified financial
> planner before making decisions with respect to buying and selling stocks or
> derivatives. Keep suitable stop loss without fail.
>
> ISG, it's owner and moderators do not take any responsibility for the views
> expressed in the forum and any consequences including financial, legal or
> otherwise resulting from actions based on such views.
> ---
> You received this message because you are subscribed to the Google Groups
> "InvestmentSuperGrowth" group.
> To unsubscribe from this group and stop receiving emails from it, send an
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"Invest in Knowledge, Share with Others, Grow Together"
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Sheet: https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGZZN0F2eGNIUkhWX01iV0NKTlhKcnc&pli=1#gid=0
Submit KYM: https://docs.google.com/spreadsheet/viewform?formkey=dHpkZnRfTlVValVObk5HRG1qdVhtSGc6MQ#gid=0
ISG is an open forum for expressing views. Members recommending stocks may have positions thus having vested interest in the same. Individual members are requested to do their own research and/or consult a certified financial planner before making decisions with respect to buying and selling stocks or derivatives. Keep suitable stop loss without fail.
ISG, it's owner and moderators do not take any responsibility for the views expressed in the forum and any consequences including financial, legal or otherwise resulting from actions based on such views.
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"Invest in Knowledge, Share with Others, Grow Together"
Group Home Page: http://groups.google.co.in/group/investmentsupergrowth/
Sheet: https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGZZN0F2eGNIUkhWX01iV0NKTlhKcnc&pli=1#gid=0
Submit KYM: https://docs.google.com/spreadsheet/viewform?formkey=dHpkZnRfTlVValVObk5HRG1qdVhtSGc6MQ#gid=0
ISG is an open forum for expressing views. Members recommending stocks may have positions thus having vested interest in the same. Individual members are requested to do their own research and/or consult a certified financial planner before making decisions with respect to buying and selling stocks or derivatives. Keep suitable stop loss without fail.
ISG, it's owner and moderators do not take any responsibility for the views expressed in the forum and any consequences including financial, legal or otherwise resulting from actions based on such views.
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"Invest in Knowledge, Share with Others, Grow Together"
Group Home Page: http://groups.google.co.in/group/investmentsupergrowth/
Sheet: https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGZZN0F2eGNIUkhWX01iV0NKTlhKcnc&pli=1#gid=0
Submit KYM: https://docs.google.com/spreadsheet/viewform?formkey=dHpkZnRfTlVValVObk5HRG1qdVhtSGc6MQ#gid=0
ISG is an open forum for expressing views. Members recommending stocks may have positions thus having vested interest in the same. Individual members are requested to do their own research and/or consult a certified financial planner before making decisions with respect to buying and selling stocks or derivatives. Keep suitable stop loss without fail.
ISG, it's owner and moderators do not take any responsibility for the views expressed in the forum and any consequences including financial, legal or otherwise resulting from actions based on such views.
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With warm regards,
Ravi
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