Thursday, December 29, 2011

Cancer in Latin America and American Conspiration

http://ventureart.biz/

Chavez muses on US Latin America cancer plot




Venezuelan President Hugo Chavez has questioned whether the US has developed a secret technology to give cancer to left-wing leaders in Latin America.
Treated for cancer this year, Mr Chavez was speaking a day after news that Argentina's president had the disease.
Fernando Lugo of Paraguay, Dilma Rousseff of Brazil and her predecessor Lula have also had cancer.
Mr Chavez said this was "very strange" but stressed that he was thinking aloud rather than making "rash accusations".
But he said the instances of cancer among Latin American leaders were "difficult to explain using the law of probabilities".
"Would it be strange if they had developed the technology to induce cancer and nobody knew about it?" Mr Chavez asked in a televised speech to soldiers at an army base.
Who next?
Mr Chavez noted that US government scientists had infected Guatemalan prisoners with syphilis and other diseases in the 1940s, but that this had only come to light last year.
And he joked that he would now take extra care of the presidents of Bolivia and Ecuador - Evo Morales and Rafael Correa - lest they also be diagnosed with cancer.
Lula (left) with Brazilian President Dilma Rousseff in Sao Paulo on 6 DecemberBrazilian President Dilma Rousseff has beaten cancer, and Lula is fighting the disease
The Venezuelan leader, who is 57, has often accused the US of plotting to overthrow or even kill him.
He says he is now free of cancer after having surgery and chemotherapy in Cuba earlier this year.
The exact details of his illness have not been made public, fuelling speculation that his condition may be worse than he has let on.
Mr Chavez was the first regional leader to offer support to the Argentine President, Cristina Fernandez de Kirchner, after it was announced on Tuesday that she had thyroid cancer.
"We will live and we will conquer!" he told her.
Ms Fernandez, 58, is due to have an operation on 4 January, but doctors say her prognosis is very good.
Survivors' summit
Doctors treating former Brazilian President Luiz Inacio Lula da Silva for throat cancer say the 66-year-old is responding well to chemotherapy and should make a full recovery.
Dilma Rousseff, 64 - who took over from Lula as Brazilian president a year ago - is fully recovered after receiving treatment for lymphoma cancer in 2009.
Paraguayan President Fernando Lugo, 60, was diagnosed with lymphoma in August 2010 but is now in remission after chemotherapy.
Lula and Mr Chavez have previously joked that they would hold a summit of Latin American leaders who had beaten cancer.
Ms Fernandez has now said that she will insist on being the "honorary president" of the summit of cancer survivors.

Sunday, December 25, 2011

Why India's Growth is Faltering

http://ventureart.biz/

Why India’s Growth is faltering

India must define its priorities. If  we look at present unexpected bump and lower IIP number, one thing has become very clear this year India's growth is going for rough ride. The growth, development and middle class everything is just gone and vanished to give sleepless night.
If India want to grow and long term sustainable growth can only come from where it is needed most. In my opinion Rural and Agriculture is the core. Governments attitude of neglecting this sector for last one decade is sole reason for today debacle.
  1. Government must give enough weight-age to the rural and agriculture development  where 72% population resides.( This is steadily going in down in last one decade)
  2. Water shade management and conservation must be given priority so that the farmers in the areas of rain-fed farming may have better income and opportunities to go for multiple farming.
  3. India's infrastructure is pathetic, this must improve. Power generation should be priority.( Power generation should not be hold hostage to the governments foreign policy, government should sign gas pipeline agreement with Iran and this will reduce inflation and improve the power availability, the ultimate effect will be in good growth.)
  4. Indian Railway is outdated and should improve and upgrade. It must double its capacity to cater to the needs of growing aspirations of fast growth of India.
  5. Roads and Airports must be priority.
  6. Food industry should take priority.
  7. Mandi act needs to be amendment.

India: Priorities for Agriculture and Rural Development
Although agriculture contributes only 21% of India’s GDP, its importance in the country’s economic, social, and political fabric goes well beyond this indicator. The rural areas are still home to some 72 percent of the India’s 1.1 billion people, a large number of whom are poor. Most of the rural poor depend on rain-fed agriculture and fragile forests for their livelihoods.
The sharp rise in food grain production during India’s Green Revolution of the 1970s enabled the country to achieve self-sufficiency in food grains and stave off the threat of famine. Agricultural intensification in the 1970s to 1980s saw an increased demand for rural labor that raised rural wages and, together with declining food prices, reduced rural poverty.
Inequitable allocation of water: Many states lack the incentives, policy, regulatory, and institutional framework for the efficient, sustainable, and equitable allocation of water.
Deteriorating irrigation infrastructure: Public spending in irrigation is spread over many uncompleted projects. In addition, existing infrastructure has rapidly deteriorated as operations and maintenance is given lower priority.
Rural poor have little access to credit: While India has a wide network of rural finance institutions, many of the rural poor remain excluded, due to inefficiencies in the formal finance institutions, the weak regulatory framework, high transaction costs, and risks associated with lending to agriculture.
Weak Natural Resources Management: One quarter of India’s population depends on forests for at least part of their livelihoods.
India's "green revolution" allowed the country to produce enough food to feed its population - but 40 years on, is this revolution unraveling?
The Green Revolution was a deliberate, all-out attempt to become self-sufficient in basic food crops.
For 40 years. Under India's "Green Revolution" in the 1960s and 70s -- seen as one of the world's most successful agricultural turnarounds -- planting of high-yield varieties of wheat and rice resulted in a sharp output rise.
Agriculture
There has been a dearth of resource support to the farmers in the Union budgets which calls for urgent attention of the policy makers to boost budgetary investment in agriculture in general, and dry land and rain fed agriculture in particular. In 2006- 07, the share of agriculture in total budget was meager 1.4 percent. This has further declined to 1.27 percent in the current Union Budget 2010-11 (BE). A quantum jump of expenditure by the Ministry (to around 2.5 times, in absolute numbers, between 2004-05 and 2010-11) has been noticed. However, public spending in agriculture as a proportion of GDP is hardly perceptible. It has increased from 0.17 percent of GDP in 2004-05 to 0.20 percent of GDP in 2010-11 B.E. The government needs to direct its efforts towards improved rural infrastructure, agricultural research support, investments in water management and new technology/institutional innovations to increase agricultural productivity, and consequently growth of the economy. Long-term sustainability of India’s farming sector, particularly dry land agriculture, is only possible through coordinated efforts from different quarters along with increase in share of budgetary investment in the agriculture and allied sector and share of Central plan expenditure in agriculture.
Need for public investment
The record of agricultural growth in India in the second-half of the 2000s was hardly inspiring. Growth rates of agriculture in 2006-07 and 2007-08 were better on the average, riding on good monsoons and hardening global prices. However, the growth rates in 2008-09 and 2009-10 were, respectively, -0.1 per cent and 0.4 per cent. Advance estimates for 2010-11 have raised hopes again, but it is clear that elevating agriculture to a path of sustained growth requires a major increase in public expenditure. In particular, public investment, which would create fixed capital formation in agriculture, has to increase significantly to arrest decisively the trend of long-term decline. Budget 2011-12 plainly refuses to recognise this task as urgent.
How numbers are manipulated
The sharp rise in the supply of indirect finance was facilitated by a series of definitional changes made under the UPA regime on what constitutes priority sector credit in agriculture (for details, see R. Ramakumar and Pallavi Chavan, “Revival of Agricultural Credit in the 2000s: An Explanation”, Economic and Political Weekly, December 29, 2007). These definitional changes broadly involved (a) recognising new forms of financing commercial, export-oriented and capital-intensive agriculture as “agricultural” credit; and (b) raising the credit limit of many existing forms of indirect financing. For instance, from 2007 onwards, two-thirds of loans given to corporates, partnership firms and institutions for agricultural and allied activities in excess of Rs.1 crore per borrower were considered as indirect finance to agriculture; the remaining one-third were treated as direct finance to agriculture.
In 1990, about 83 per cent of agricultural credit was of a size less than Rs.2 lakh. In 2009, however, only about 44 per cent of agricultural credit was of a size less than Rs.2 lakh.
An area of darkness 
Over recent weeks, reports of frequent and increasingly longer power cuts from across the country have added another layer of serious concern to India’s faltering growth story. What is unusual about these power outages is that they have been occurring during the months of October and November, when demand is traditionally low. The immediate causes of the power crunch are well known. There is a growing and acute shortage of coal, which is the mainstay of power generation in the country, accounting for over 50 per cent of overall capacity. Over the past four years, demand for coal, mainly for thermal power generation, has grown by 7.3 per cent, while domestic output rose by only 5.4 per cent. What is most worrying is the significant drop in investment in the power sector in view of uncertainties on fuel availability and uneconomic pricing of power. The target for additional power generation capacity in the current plan of 62,000 MW (already reduced from the original 78,000 MW) is likely to have a shortfall of as much as 12,000 MW, according to the Planning Commission.
Indian railways lag 20-25 years behind world on technology front: E Sreedharan
Thanks to E Sreedharan , MD, Delhi Metro Rail Corporation, India's capital has a world class metro. A project that was on drawing board for decades and which many thought would be almost impossible to execute is up and running. He took charge in 1997 when he was 65 years old, long after he retired from the Railways in 1990. Today at 79, he is finally hanging his boots on December 31 to retire in his native village in Kerala. He spoke to ET on Delhi Metro, its success and his life. Excerpts:
You retired from the Railways, what's your prescription for Railways future? ( Thanks to E Sreedharan , MD)
Indian Railways has the world's fourth-largest network with 9,000 engineers but it lags 20-25 years behind the world on the technology front, it needs to be upgraded dramatically. 

The present model of development is not sustainable and will increase crime in urban areas and increase disparity among India's population.

There is no need of targeting 9% growth, India should target 7% inclusive growth which will reduce poverty and increase quality of life.


Sunday, December 18, 2011

Tax exemptions for rich costs govt Rs 4.6 lakh cr - The Economic Times


http://ventureart.biz/

Tax exemptions for rich costs govt Rs 4.6 lakh cr - The Economic Times:

'via Blog this'

NEW DELHI: The subsidy for the poor is dwindling, but this has not deterred the government from lining up corporate houses' pockets.

Last year, the Centre gave away potential revenue of Rs 4.6 lakh crore on account of various tax exemptions and incentives to industrialists, compared to the Rs 1.54 lakh crore on subsidy to poor and farmers.

If you are thinking government is very generous in giving different subsidies to poor, it is a big farce. Government is giving much more to the rich. This is not only in terms of tax exemptions but there are many more things.

This is biggest dilemma of Indian System, even though it looks and government make it look like pro poor but reality is very different.
The real benefit is going to rich middle class, the middle man or business class or Baniya ( in Indian Language). If we look at bank bank balance sheet, NPA is increasing and SBI which has lost almost 40% from pick price from lost year has highest NPA. These NPA are loans to rich which is killing the banks. Poors are not even entertained in these banks, almost 45% of rural population do not have even bank accounts. They are not part of inclusive development.

The whole story about development is for 30% middle and upper class. What ever remains will percolate down to poor. There are no efforts for grow and develop the villages.

Unfortunately poor are getting poor when India is growing, I will be more happy to see India growing at 6%-7% which is inclusive, I don't want 9% for rich excluding poor. Without inclusive growth, there can not be growth. Villages must be developed and there connectivity must be improved.

The only visible thing in development is Roads, roads are getting better and because of private investment phones  has increased but basic necessities remained stagnated. Developing infrastructure is core to the development.

Government must invest more in improving and increasing capacity of railway. Some of gauge conversion projects are going on for last 10 to 15 years. This must end, there must be time bound execution of projects in infrastructure, when minister changes, priorities become different this should go. There should be independent project to project budget and time line for execution. This is only way in successful project management. The quality of services are deteriorating day by day. This is ridiculous. Can not Railway has better management. Project execution and  management should be an independent part of Railways.

The second priority is Airport, India needs 300 airports, everybody is talking. Is there any real movement in the direction of implementing this project. Who will do it? How much years it will take to execute? These are key questions for this project.

There are many more questions, but no answers. One can not expect any answers.

Let us pray for the poor.

Thursday, December 15, 2011

The changing face of Financial Order


http://ventureart.biz/

Hong Kong named world's top financial hub - Asia-Pacific - Al Jazeera English:

'via Blog this'

It is not surprising for me to see Hong Kong as worlds top financial hub. This indicates two things. The first thing is world order is changing. The old power house are now old horses impaired with many diseases, they can not win a race. Betting on such horses are use less.
USA has its own financial mess to manage. It has lived on others money for long time. China, Japan along with other countries invested in USA debt and finance the luxuries of life. This luxury financing has created two problems. The first is USA asset bubble, USA spent money on which they can not afford, this luxurious spending is hounding USA and others. I do not see any solution to this problem in foreseeable future. The solution is cleaning the toxic from the system, which no one wants. There is no alternative, cleaning the system from crooks, which is impossible. When there is no will to implement solution, the only alternative left is slow and painful death of US economy.

The second problem is the financing of surplus economy to USA has deprived the needy, underdeveloped and least developed and developing economies of this money. Which may have used to grow these economies. This financing has increased poverty in world. When it will be stopped then definitely a new economic order will emerge.

These least developed, under developed and developing economies will get surplus money to grow and reduce poverty. The change in direction of money flow will change everything. More employment is created and will get better healthcare.

The Asia with its population, China and India along with their neighbors and east Asian economies will see a major shift in near future.

Indonesia, Malaysia along with Saudi Arabia will play a major role in global financial markets.Singapore which is already a major financial hub for east asia, Mumbai, Dubai, Qatar are other financial hubs which are in contest to change the landscape of world order.

It may take some time but the process has started and soon it will pick up. With China coming with its own Sovereign Wealth Fund of USD 300 billion, along with SWF of Malaysia, UAE, Qatar, Singapore, Kuwait and other OPEC countries will see a major change.

Let us make this change a positive, to reduce poverty, and improve justice and equality in this world.

Wednesday, October 19, 2011

Clinton pledges increased aid for Libya . Who need aid? US or Libya?

Clinton pledges increased aid for Libya - Africa - Al Jazeera English

Who need aid? Bankrupt America or Wealthy Libya?

When I saw this headline today, I am really surprised, American Secretary of State has offered 41 million USD in aid to Libya. Who need aid? This is biggest question came to my mind?
Why America is so generous with this Islamist today? Suppose to be arch enemies of America. The fact of matter is that today Libya's sovereign wealth fund is worth 156 Billion USD and Libya has gold in Central bank 150 ton to 180 ton and most important it has oil.
In last 40 years American companies did not secure any major contract in Libya? This is because of hostilities between two countries, today the renovation for oil sector will be 30 billion USD opportunity and yes many benefits.
To get American interest moving in hostile Libya, this is what Mrs. Hillary Clinton is shaking hand warmly with Islamist, she can do further, as American history shows and fact it is same today, she can offer many more things to Islamist in Libya. Everything on offer is game of if, if they promise to toe the line of USA policy and give all kinds of concessions and opportunities to American companies. This is well known fact, in Iran - Iraq war, America supplied missiles and many hardware and software to Iran, back door politics. Still American is playing same game. Arab should understand double game of America.
America is not friend of anybody except ITSELF.

What Mrs. Clinton offered is not aid but what called in good word " facilitation charges", lobbying and promotion of American interest, some call it protecting American interest. I call it bribe given to exploit all kind of social, political and business opportunities in Libya. Otherwise America is bankrupt and do not have enough money to pay for it's own citizens healthcare.

Tuesday, October 18, 2011

Prashant Bhushan: The man everyone loves to hate , I respect and Love because of his straight talk

Prashant Bhushan: The man everyone loves to hate:

and I admire and loves.

'via Blog this'

Many people may hate him. Does that mean he is wrong? No, he is not wrong? In this world you will find very few people who are straight and talk justice. Those who talk for change are hated most. This is called history.

I love him, because of his cause. He fought whole life for this? If he is suddenly out of favor from any one does not mean that he is wrong.
Advocates of change needs people who stand firm on their feet and stand tall? If many hates him? There may be many who admires him and loves him.

Those who hate him does not understand philosophy of peace. The peace can not come without justice. Nation needs to stand tall for justice for those who can not afford and can not get it.

So I support and love Prashant Bhushan, Medha Patkar and Arundhati Roy. This does not mean I support all their views. These should be enough space in society to dis agree on certain issues, that does not make a person to be hated.
Make a point to love.

Baapu to fought for country, got Killed and many hated him that time, and still many hates him. The history shows, those who speak truth are hated by those who do not want change and peace in the society.

Friday, October 7, 2011

Girls are still killed

How much civilised are we

This is horror story of developing India. In this so called developed world we are killing daughters.
Islam has given them right and stopped the practice 1450 years ago. But still today we are living in world of Jahiliya.

I wrote before about India's Missing Girl Child. Where are we really going. What is the future of such society?

These are big questions and there is need to answer this?

The status of women in Islam.

Thursday, September 15, 2011

They Call it Trading, I call it gambling.


UBS Trader in $2 Billion Loss on Unauthorized Trade

Switzerland's UBS said on Thursday it had discovered unauthorized trading by a trader in its investment bank had caused a loss of some $2 billion.

"The matter is still being investigated, but UBS's current estimate of the loss on the trades is in the range of $2 billion," the bank said in a brief statement just before the stock market opened."It is possible that this could lead UBS to report a loss for the third quarter of 2011.No client positions were affected."
UBS shares immediately tumbled 8 percent at the open and were trading down 5.8 percent at 10.30 francs at 0714 GMT, compared with a flat European banking sector index [.SX7P  127.23    1.40  (+1.11%)   ] .
"It is amazing that this is still possible," said ZKB trading analyst Claude Zehnder. "They obviously have a problem with risk management. Even when the amount isn't so high it is once more a loss of confidence that casts UBS in a poor light."
"With this they are losing a lot of credit that they had regained with effort," he added.
UBS had started to see client confidence return this year after it had to be rescued by the Swiss state in 2008 following massive losses on toxic assets held by its investment bank.
UBS AG announced last month it is to axe 3,500 jobs to shave 2 billion Swiss francs ($2.3 billion) off annual costs as it joins rival investment banks in reversing the post-crisis hiring binge and preparing for a tough few years.
Investment banks worldwide have been hit by slow trading due to the debt problems in the euro zone and United States, as well as regulations aimed at forcing banks to hold more capital to protect them from future shocks after the 2008 global financial crisis.
UBS expects to book a restructuring charge due to the job cuts of some 550 million francs, and around 450 million francs of this will be booked in the second half of the year, with the majority recognized in the third quarter.

Wednesday, September 14, 2011

When Government Pay for Rich, Poor gets Poorer - This is called capitalism


U.S. poverty totals hit a 50-year high

The governments efforts to save the banks is basically paying poor people's money ( stealing and extorting) and giving it to rich to enjoy life. The whole exercise of QE1 and QE2 are just efforts in saving the funding lobbies and their interest so that they can get funding for next elections. All these easing has made life more difficult for the poor. It has made basic staple food affordability not only in poor countries but also in USA. More than 15% are poor who can have healthcare, housing and education. 

Unless and until government change its policies and methods how so called free market work( there is no free market in fact, there are many interventions and QE which really distorted it.)
Let us clean the system, remove the toxic, stop all types of gambling( derivatives, futures and options).

Then and then we can see peace in this world, where poor gets justice.

In a grim portrait of a nation in economic turmoil, the government reported that the number of people living in poverty last year surged to 46.2 million — the most in at least half a century — as 1 million more Americans went without health insurance and household incomes fell sharply.

The poverty rate for all Americans rose in 2010 for the third consecutive year, matching the 15.1% figure in 1993 and pushing many more young adults to double up or return to their parents' home to avoid joining the ranks of the poor.

Taken together, the annual income and poverty snapshot released Tuesday by the U.S. Census Bureau underscored how the recession is casting a long shadow well after its official end in June 2009.

And at the current sluggish pace of economic growth, analysts don't expect many of these indicators of economic and social well-being to turn better soon.

Census officials wouldn't say definitively what caused the surge in poverty, but it was evident that the root of the continuing misery was the nation's inability to create jobs.

The total number of Americans who fell below the official poverty line last year rose from 43.6 million in 2009. Of the 2.6-million increase, about two-thirds of the people said they did not work even one week last year.

Those with jobs were much less likely to be poor, but the recession and weak recovery have wiped out income gains of prior years for a broad spectrum of workers and their families. Inflation-adjusted median household income — the middle of the populace — fell 2.3% to $49,445 last year from a year ago and 7% from 2000.

"It's a lost decade for the middle class," said Sheldon Danziger, a poverty expert at the University of Michigan.

The number of poor children younger than 18 reached its highest level since 1962, said William Frey, a demographer at the Brookings Institution.

Poverty reached a record high for Latino children, who Frey said accounted for more than half the overall increase in poor children last year.

Blacks had the highest child poverty rate at 39%, up more than 3 percentage points from last year.

Overall, poverty was generally higher than the national rate in states with high unemployment and in the South. Mississippi had the highest poverty rate last year, at 22.7%, and New Hampshire had the lowest, 6.6%.

The share of Californians who fell below the poverty line rose last year to 16.3%, up a full percentage point from 2009.

The state's median household income, meanwhile, plunged 4.6% to $54,459 — marking the largest single-year decline on record, according to the California Budget Project.

Christopher Noack, 25, had little choice last year but to move back into his parents' home in the Central California town of Salida. The high school graduate tried to support himself on retail jobs and, for a while, lived in an apartment with a friend, even taking on extra household chores to pay a lower share of rent. But that wasn't enough.

"It feels like life is on hold," said Noack.

"Every now and then, I will see someone who I used to know in high school, who I know got a job. They will be having a business lunch or be on the way to the airport, and one out of 10 times I will get a twinge of jealousy because, just simply, I don't know anybody who could get me on a path like that."

Noack's frustrations are shared by many others in his age group, including college graduates.

Overall, the number of 25- to 34-year-old men and women who were living with their parents last spring totaled 5.9 million — a 25.5% increase since the recession began in 2007.

Nearly half of this group would have been counted as among the poor had they been out on their own, according to Trudi Renwick, chief of poverty statistics for the Census Bureau.

"The next generation is going to be terribly punished if we don't find more jobs," said Timothy M. Smeeding, director of the Institute for Research on Poverty at the University of Wisconsin. Studies have shown the effects of recessions and job losses can hurt a worker's earnings for many years into the future.

The census report, coming shortly after President Obama unveiled a proposed $447-billion package of tax cuts and spending to revive job growth and the recovery, was seen as intensifying the debate over the government's role in helping the poor and unemployed at a time of budget deficits and painful cutbacks in public services.

Unemployment benefits, the Census Bureau said, helped lift about 3 million people above the poverty line, and Obama's latest proposal includes continuing the aid.

The report "underscores yet again why these programs must be maintained to rebuild the economy," said Christine Owens, executive director of the National Employment Law Project, referring to unemployment insurance and Social Security benefits.

But conservative groups expressed their concerns about Americans' growing reliance on such programs, including government health insurance.

"It raises the issue of whether we can afford this," said Nina Owcharenko, director of health policy studies at the Heritage Foundation. "These entitlement programs are unsustainable."

The census report found more Americans again lost health insurance in 2010, continuing a decade-long erosion in coverage that pushed the percentage of uninsured to 16.3%, the highest ever recorded.

But the decline in health coverage slowed from 2009 to 2010 and was not statistically significant, according to census analysts.

The number of young people ages 18 to 24 who had insurance increased significantly, possibly reflecting the effect of the new healthcare law, which allows dependents up to age 26 to remain on their parents' health plans.

The decline in insurance coverage was fueled largely by employers dropping health benefits as healthcare costs continued to rise, a trend that has reduced the percentage of Americans who get health benefits through work from a peak of 65.1% in 2000 to 55.3% last year.

During that period, the average annual premium for an employer-provided family health plan more than doubled to $13,770 from $6,438, according to surveys by the nonprofit Kaiser Family Foundation.

As Americans lost coverage through work, they have increasingly relied on government programs such as Medicaid.

"The real policy take-away is the importance of protecting the safety net," said Families USA Chief Executive Ron Pollack, a leading consumer advocate. "Medicaid is the lifeline."

By the Census Bureau's latest measure, the poverty threshold last year was an income of $11,139 for one person and $22,314 for a family of four.

Lorenzo Williams, 25, of Hesperia is well below that threshold.

After his hours as a store clerk at the local Salvation Army had been cut twice, reducing his monthly earnings of about $1,500 to about $600, the high school graduate had to move from his one-bedroom apartment to a small two-bedroom unit to share costs with a roommate. With $166 a month in food stamps, he barely gets by.

Williams said he goes to job fairs, but the lines are long, the competition tough. He now plans to begin Bible studies next year and become a pastor.

The official poverty rate doesn't count food stamp benefits and low-income tax credits as income

If those programs, which totaled about $150 billion last year, were included, millions more people would have been counted as being above the poverty line.

At the same time, analysts said, other factors understate the extent of people struggling to meet their basic needs.

Experts agree that the government's poverty thresholds, designed in the early 1960s, don't reflect people's spending and living needs in today's economy.

The Census Bureau is scheduled to release alternative measures of poverty in October.

don.lee@latimes.com

noam.levey@latimes.com

alejandro.lazo@latimes.com

Monday, September 12, 2011

JP Morgan Chief Says Bank Rules 'Anti-US'

http://www.cnbc.com/id/44481524

America Should Pull Out of Basel - Because they are Anti American
America is Out of Kyoto - Because they are Anti America
America is Out of ICC - It is illegitimate


What suits to America is Americanism - What suits to World and Principle of Justice is Anti America - This is what exactly Americanism


New international bank capital rules are “anti-American” and the US should consider pulling out of the Basel group of global regulators, Jamie Dimon, chief executive of JPMorgan Chase, has said.


In an interview with the Financial Times, Mr Dimon said he was supportive of forcing banks to have more capital but argued that moves to impose an additional charge on the largest global banks went too far, particularly for American banks
The Basel III capital rules are designed to make the financial system safer by making banks build up risk-absorbent “core tier one” capital to at least 7 percent of risk-weighted assets. The biggest, including JPMorgan [JPM  32.08    -1.43  (-4.27%)   ] , have to reach 9.5 percent.
“I’m very close to thinking the United States shouldn’t be in Basel any more. I would not have agreed to rules that are blatantly anti-American,” he said. “Our regulators should go there and say: ‘If it’s not in the interests of the United States, we’re not doing it’.”
Mr Dimon also criticised global liquidity rules, arguing that regulations that viewed covered bonds – a European market feature – as highly liquid but discounted government-backed mortgage-backed securities in the US were unfair and that other details hit investment banking activity core to US banks hardest.
Regulators say all countries compromised on agreeing the rules, which put eight banks – five from outside the US – in the top level of capital. But Mr Dimon said there was a threat that Asian banks, in particular, could take US market share because of the combination of US domestic and global rules.

“I think any American president, secretary of Treasury, regulator or other leader would want strong, healthy global financial firms and not think that somehow we should give up that position in the world and that would be good for your country,” said Mr Dimon. “If they think that’s good for the country then we have a different view on how the economy operates, how the world operates.”
US banks are struggling to deal with new regulations and litigation, both stemming from the financial crisis. Mr Dimon said it could be “three to 10 years” before the industry emerged from lawsuits brought by investors looking for compensation for the losses incurred on structured products underpinned by bad mortgages.
He said he was ready to agree a settlement over lax servicing and foreclosure standards that is expected to see the industry pay $20 billion in penalties. But he said banks could not be placed in “double jeopardy” and needed an appropriate release from legal liability

Ready ........ Get ......... Set ............ Go.... Get Ready for Crash

The Market is Jittery......... Peoples and Leaders are Worried


I don't know know why they are worried?
Whom these leaders really represents?
The billions of poor who voted them to power or few millions who finance their election bids.
These leaders always looks at the lobbies for financing their election bids and these comes with price. 
This price tag is many times very high and at the cost of those voted them to power.
This is why they care and financed the gambling of rich, the rescue of banks and the different measures to avoid the crash is nothing more than the sucking blood of poor.
More and more people are getting hungry and poorer. The basic necessity of life Food is becoming more and more non affordable to them.


Let their be crash and this will start of cleaning of toxic in the system. This will make food more affordable for poor. 


This crash will not solve the problem unless and until we remove the causes from the system which made this crisis.


The financial system needs cleaning and this is painful. There is no other solution.


Let there be crash.......... it will be good for market.



Wednesday, September 7, 2011

Change is Awaited?

Starbucks CEO: Tell lawmakers to get along

How the things will move from here?

With 47 USD in commitment, will it be any solution. With all best efforts, there is only one way to go, stop playing. Stop playing with live lives of innocent people. This paying for rich is making more people hungry. There is only one solution, clean all toxic from system. Clean the system of poison and then only it can start growing.

Stop all such products which created these toxic in the system. Make the system more clean, transparent and accountable. No one is above the boards, every one should be held accountable including USA and its nationals for destroying the global financial system, and putting millions of poor to death for increasing food prices. This finanial system and fiat money is at core of problem.

The real problem is no body wants solution, they just want patch up, so that they can continue playing without accountability and governance. The present financial system will and can not do a solution.

Change is needed?

Change is awaited?

Let us Change this world........... for better and peaceful tomorrow.


What I see from here......... how the things will look like........

There is no currency against which dollar can go down, everyone in this world is fighting to lower the value of currency including Japan and Swiss and China. When there is no bench mark and free market as believed then what remains?

The dollar will be benchmarked against commodities, and specially food which no one will stop eating.

The commodities in general and food in particular will see very high price rise.

Oil ----------- 150 -170 USD next three years..............200-250............ 5 years.
Food ...........30%..50% up 3 years.........100% ...... 5 years
Commodities............ 30%........70% depending on type.

This will bring 30% new poor who can not efffort food. ( peoples without basic nessicities)
Millions more will die because of this............

Please if any one in this world has answer , please let me know,

Who is accountable for death of these millions ?

And Many more millions hungr?

Are these not criminals? Criminals of worst kind?

Let them all held accountable for their deeds?

Even if they are free and not held here, they will be punished there in final day of judgment? HERE AFTER?


Sunday, August 21, 2011

Government Tactics - Divide and Rule

It’s Anna vs Aruna as rift in civil society shows

Even though they are activist, they are Now activist on Government Pay Role ( They are members of Sonia's NIC, whose bills are accepted and not of others.

Unfortunately still after 60 years we do not have system to fight corruption.

We divide religion to rule, then caste's to rule and now civil society to rule, this congress alias British Congress, Divide and Rule. Dhruthrashtra is clean but can not see and can not control Kaurava's unfortunately.


BS REPORTER New Delhi, 20 August


A section of the civil society came out in the open today, criticising Team Anna and its method of enforcing its views on the Lok Pal Bill.
Coming together at the platform of the National Council for Promotion of Right to Information (NCPRI) in support of NGO members Aruna Roy, Harsh Mander, Shekhar Singh and Nikhil De, the section said it supported Anna’s protest but opposed the intention of Hazare’s team to sidestep democratic systems in its hurry to bring forth its version the Bill.
It also criticised the team for being intolerant to other views in the civil society, notably those of NCPRI — of which Arvind Kejriwal and Prashant Bhushan still are “sleeping members” in the words of Aruna Roy.
There even emerged an appeal to broaden the discussion on Lok Pal, with NCPRI member Aruna Roy crediting Hazare and his movement as the single reason for making the Lok Pal a success today, while maintaning that they were drifting away from the democratic methods.
Harsh Mander, another NCPRI member said: “I am worried about people on the streets, who are dreaming of a better country. How can we reduce it to just one view and one issue? Let us deepen the debate and struggle for a better India.” He said more views should be taken into account and the best possible solution should be provided to these people.
However, Justice A P Shah was harsh in his criticism of the insistence of the Anna team on having only their version of the Bill passed. “Anna is not civil society and civil society is not Anna,” he said. He said that ombudsmen in no country is given power over judiciary and this was very dangerous.
The differences between the NCPRI and its supporters and Anna supporters on the Lok Pal Bill are just a few. But, it is what is seen as the intolerant attitude of the Anna team which has annoyed NCPRI members and supporters like Anhad to organise the press conference.
Roy added that actions of the team were tantamount to hijacking the democratic system. Democracy is for the poor and it is our responsibility to make it work. We can remove rotten parts in a system, but, we cannot throw away the system itself.
“I can sit on the streets and demand that the collector delivers, but I cant go and sit in the collector’s chair. What the Anna team wants is almost that,” she said.
She said the government Lok Pal Bill was not only weak but also dangerous and if it was not changed, then even we will come out in the streets in protest.
The two main differences in Anna’s Bill and Aruna Roy’s Bill are the non-inclusion of the judiciary in the latter’s version and the replacement of a single Lok Pal with a threelevel structure to investigate corruption at different levels of the society.
But, it is not the differences in the Bill that is causing concern to those who differ from Anna Hazare.
Roy said, “If Anna has a right to dissent, he should also acknowledge and admit the right of other people in the country to have differences with him on the Lok Pal”.
She said it was solely because of Anna Hazare and his team that Lok Pal has today become such a big issue.
Arvind Kejriwal, member of the Anna Hazare team said it was a misunderstanding that they were holding the Parliament to ransom on the Bill. He also dismissed the differences with Aruna Roy on the Bill as very minor.
“Multiple agencies to deal with corruption would lead to confusion. When a complaint is filed, we don’t know if a higher official or a lower official is involved. So it cannot work,” said Prashant Bhushan, another memeber of Hazare’s team.

Monday, August 1, 2011

America Dinned and Partied now Friends will Pay the Bill

Debt Deal - Obama Accused of ‘Surrender’ as Debt Vote Looms - CNBC

American Default is sure
The concept of capitalism is spending beyond means by borrowing on assuming future flows, when it does not happen then defaulting, going to bankruptcy. This is what exactly many individuals are doing. Peoples are being lured into spending beyond their means. American in general are deep into debts apart from government debt.

The Biggest Types of Personal Debt
In today’s economy, massive consumer debt has crippled the personal balance sheets of individuals around the country, making a tough economy even tougher. With foreclosures on the rise and many Americans crippled by over-extended credit cards, personal debt is becoming a major player in the economic crisis. Payday Advances - $40 billion
A payday advance is a small, unsecured short-term loan, normally between $100-$500 with typical interest rates between 15-20 percent and maturities of about 14 days. However, because of the short term of maturities, APR for payday loans can be anywhere between 400 and 700 percent and, if not immediately paid in full, individuals can get themselves into serious financial trouble.
Small Business Loans - $68 billion
SBA Loans Oustanding (As of 2/28/09) 7(a) – 317,358 loans, $45.93 billion 504: - 52,217 loans, $22.08 billion
Farm Loans - $114.2 billion
Auto Loan Debt – $313.8 billion
Tax Debt Owed to IRS - $345 billion
Student Loan Debt Outstanding - $556 billion
Revolving Home Equity Credit - $577.8 billion
Revolving Consumer Credit Outstanding - $953.1 billion
Major Holders (in billions) Pools of securitized assets: $440.3* Commercial Banks: $382.0 Finance Companies: $55.8 Savings Institutions: $39.0 Credit Unions: $32.2 Non-Finance Businesses: $3.8 Residential Mortgage Debt Outstanding: $14.64 trillion
Breakdown of Total Outstanding Mortgages: One- to four- family residences: $11.03 trillion Nonfarm, nonresidential: $2.59 trillion Multifamily residences: $895.79 billion Farm: $111.15 billion

Biggest Holders of US Gov't Debt
This borrowing adds to the national debt, which has recently surpassed the $14 trillion mark and is rising every day. The amount of debt is quickly approaching the federal debt ceiling, a legal limit to borrowing which currently stands at $14.294 trillion. Much of that debt is held by private sector, but about 40 percent is held by public entities, including parts of the government. Here's who owns the most.
15. Canada
For the first time in recent history, Canada's holdings of US debt has broken into the top 15, surpassing Taiwan by about $3.6 billion in November 2010.
14. Hong Kong
US debt holdings: $138.9 billion
13. Caribbean Banking Centers
US debt holdings: $146.3 billion
12. Brazil
US debt holdings: $184.4 billion
11. Oil Exporters
US debt holdings: $210.4 billion Included in the group of oil exporters are Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria.
10. Insurance Companies
US debt holdings: $261.8 billion 9. Depository Institutions
US debt holdings: $269.8 billion
7. (Tied) United Kingdom
US debt holdings: $511.8 billion
7. (Tied) State and Local Governments
US debt holdings: $511.8 billion
6. Mutual Funds
US debt holdings: $637.7 billion
5. Pension Funds
US debt holdings: $706.4 billion
4. Japan
US debt holdings: $877.2 billion
3. China
US debt holdings: $895.6 billion
2. Other Investors/Savings Bonds
US debt holdings $1.458 trillion
1. Federal Reserve and Intragovernmental Holdings
US debt holdings: $5.351 trillion About a decade ago, the total government holdings were "only" $2.5 trillion.

Sunday, July 24, 2011

Why Do India need such Friend?

India getting roughed up by Americans: Top scientist on visa rulesRead more at:
New Delhi: Annoyed with the US visa rules, CNR Rao, the Science Advisor to Prime Minister, has threatened to boycott visiting the US. Mr Rao has been affected by the US visa norms that allow a one year visa to some Indian scientists, as opposed to the earlier five-ten year multiple entry visa.Clearly unhappy with the annual pilgrimage scientists are forced to make to the American Embassy, Mr Rao said, "India is getting roughed up by the Americans."Mr Rao, a frequent visitor to the US for the past 50 years has been hit by the visa norms for three years now. Speaking to NDTV, he said, "I find it very insulting to go through this each year. I am sick and tired...may never go to America again after my current visa expires."
The Minister of State for Science Ashwani Kumar lodged a protest with US President Barack Obama's Science Advisor John P Holdren after the issue came up during the recent Indo-US strategic dialogue, calling the visa rules a bottleneck that impedes free scientific exchange.The US Embassy in New Delhi has not said why this is happening, however, President Obama's Science Advisor told NDTV, "I understand visas are a problem...we hope to improve."

NSG decision not end of the road: Nirupama Rao

New Delhi: India has said that the recent decision of the Nuclear Suppliers' Group on transfer of sensitive technology was "not the end of the road" and the new rules, which are not in the public domain yet, need to be studied before drawing any conclusion.
"First of all let me say that these guidelines have not been published in open text as yet. We need to study that more fully and we need to draw our conclusions from that," Foreign Secretary Nirupama Rao told Karan Thapar on "Devil's Advocate" programme on CNN-IBN.
On former Atomic Energy Commission chairman Anil Kakodkar's remarks that the new guidelines amounted to "betrayal", she said she would not use similar terminology.
"As a professional engaged in this process, I think the latest NSG decision is not the end of the road. It is not set in stone," Rao said.
The NSG last week decided to push for more stringent norms that govern technology transfer for enrichment and reprocessing technology. This decision has raised concerns about its impact on the landmark civil nuclear deal India signed with the US.
The Foreign Secretary indicated that India could leverage its burgeoning nuclear power sector.
"The whole issue of full bilateral civil nuclear cooperation, the fact that India has the potential to develop 60,000 MW of electricity from nuclear energy by 2030. So, this is a dynamic process. We have an expanding nuclear industry. This is a great attraction to the rest of the world," she said.

NSG all set to up-end India's clean waiver

NEW DELHI: Barring last minute objections, the Nuclear Suppliers Group (NSG) is set to approve new guidelines for the transfer of “sensitive” nuclear material that will do undo the hard fought “clean” waiver India obtained in 2008 from the cartel's restrictive export rules.
At stake is India's ability to buy enrichment and reprocessing technology and equipment (ENR) from NSG members. Under the terms of a landmark September 2008 agreement, the NSG waived its catch-all requirement of full-scope safeguards as a condition for supply in exchange for a concrete set of non-proliferation commitments by the Indian side. This agreement means NSG members are allowed to sell any nuclear equipment and material they want, including ENR, to India despite the fact that it does not allow international supervision over all its nuclear activities and is not a party to the Nuclear Non-Proliferation Treaty.


AMAR SINGH WHO SAVED CONGRESS, the poor friend ?


Amar Singh Being Framed: Mulayam

New Delhi, Jul 24 (IANS): Samajwadi Party chief Mulayam Singh Yadav Sunday came out in support of his former party general secretary Amar Singh, saying he was being "framed" in the cash-for-votes scam of 2008.
Addressing a press conference here, Mulayam Singh showed sympathy towards his ex-colleague, who was expelled from the the party after the relations between the two turned sour.
"Injustice is being done with Amar Singh. It is a conspiracy to trouble him and he is being framed in the case," he said.
"What was the benefit for us? Was the Samajwadi Party being included in the government? Were we getting ministers posts?" he asked.
Amar Singh has been alleged to be involved in the cash-for-votes scam of 2008 after his former aide Sanjeev Saxena was found involved in transfer of money to some MPs. The MPs alleged they were paid the money to abstain from voting in the trust vote sought by the then Manmohan Singh government, after the Left's withdrawal of support.
Amar Singh was quizzed by the Delhi Police's crime branch Monday.
"Amar Singh is being trapped, he is innocent," reiterated Mulayam Singh. "We only voted to save the government."

http://www.ndtv.com/article/india/amar-singh-s-questioning-in-cash-for-votes-scam-unfair-mulayam-singh-121676

http://timesofindia.indiatimes.com/india/Mulayam-comes-out-in-support-of-Amar-in-cash-for-vote-scam/articleshow/9345856.cms

http://expressbuzz.com/opinion/columnists/bribery-and-the-art-of-scapegoat-hunting/297192.html

THE IS ......................................

India do not need such friends who can ot be trusted.

Tuesday, July 5, 2011

Supreme Court to Uttar Pradesh Govt: Sinister campaign to grab land

New Delhi: The Supreme Court today slammed the authorities for taking advantage of the "colonial law" on land acquisition to divest farmers of their prime agricultural land benefitting the rich and paying "pittance" to common men.

The apex court said a "sinister campaign" has been launched by various state governments to take advantage of the law against the poor people for taking away the land and giving it to builders where multiplexes, malls, posh residential complexes are developed which are beyond the reach of common men.

"Do you think judges live in fools' paradise"? snapped a bench of Justices G S Singhvi and A K Ganguly when senior advocate P P Rao responded to a question that the residential complexes were being developed for the "needy".

"You are building hotels, malls, commercial complexes, townships where common men have no access. Does it come under the perception of public purpose for which the land have been acquired?"


The bench questioned the change by Uttar Pradesh government in land use in Greater Noida and said "this is not the plan for which the land is acquired. How different notifications came out for changing the use of land".

The sharp remarks were made by the bench during the hearing on petitions filed by Greater Noida Industrial Development Authority and real estate developers and builders, including Supertech and Amrapali, challenging the Allahabad High Court order which had quashed the notifications for land acquisition in Greater Noida adjoining the national capital.

The bench made it clear that it was not going to stay the High Court verdict and would go ahead with the hearing of the parties.

"We are indicating that we are not inclined to stay the order of the High Court. We are not inclined to entertain the special leave petition. We will ask only for your submissions," the bench said.

While Rao, appearing for Supertech, contended the development of residential complexes were for the "needy", the bench drew his attention to the brochure of the company saying "what is there in it is not for the poor people".

"Look at your own brochure. It is saying about swimming pool, spa, tennis court, badminton court, beauty parlour, ayurvedic massage etc. All these are for poor people?

"I am reading from your own brochure. Is it for a common man? Land is taken and given to the builder. This is a sinister plan," the bench said.

"Land is given for the development which must be inclusive. The state is taking advantage of the law against the poor. A sinister campaign is made by various state governments. The state is doing a totally anti-people thing," it said.

While maintaining that the purpose of the land acquisition was being defeated, the bench said the poorest man in society should benefit in public interest but "you (authorities) are responding in such a way that they (the poor and common men) are driven out".

"In the name of globalisation, you are marginalising the people. Why is there a proliferation of terrorist activities? Because they are pushed to the walls. Why so many people are committing suicide? They are marginalised. You are not taking care of them. Poor men cannot come to this court," the bench said.

The court expressed its anguish over the whole development in recent times where the emergency clause has been applied for acquiring land of farmers on the pretext of public purpose.

"The state is taking advantage of the colonial law. What you are giving to the common men is pittance," the bench said.

The High Court had on May 31 quashed acquisition of 170 hectares of land at Gulistan village in Greater Noida for industrial development.

The High Court had said that acquisition of land in Greater Noida for residential apartments, which was done after invoking Section 17 of Land Acquisition Act depriving the aggrieved persons of the chance to file their objections on the ground that the matter was urgent, was a "colourable exercise of power" and had quashed the notification.

The counsel, appearing for Greater Noida Industrial Development Authority, contended the acquisition was part of its "well-known" 2021 plan called the Industrial Development Plan which is a generic term that includes commercial and residential use.

The High Court order had come on the plea of landowners and farmers who challenged the government notification for land acquisition issued on September 5, 2007.

Qatar ranked above India, China in innovation index

Innovation has created wealth in last century. Knowledge is most imprtant part of creating wealth. Creating knowledge is the only way forward for the GCC to creat diversified economy and sustainable economy.
DUBAI: Qatar has been ranked 26th in the Global Innovation Index, securing the highest position in the Middle East ahead of even the world's two largest emerging economies China (29) and India (62).
The report, prepared jointly by business school INSEAD and few other institutions, said that Qatar improved its world ranking by nine places vis-a-vis its 2010 position.
Last year, the Gulf country was placed 35th on the Global Innovation Index. The Global Innovation Index is computed as an average of the scores across input pillars (describing the enabling environment for innovation) and output pillars (measuring actual achievements in innovation).
The UAE, which has the second position in the Middle East, is eight ranks below Qatar at No. 34 in the list. No other Middle East country figured in the top 40 on the Global Innovation Index.
As per the findings of The Global Innovation Index 2011 edition, Switzerland topped this year's GII ranking, with Sweden in second place and Singapore third.
Joining INSEAD as Knowledge Partners for the report were Alcatel-Lucent, Booz & Company , the Confederation of Indian Industry (CII) and the World Intellectual Property Organisation (WIPO), a specialised agency of the United Nations.
The GII includes 16 economies from the Middle East and North Africa. While Qatar and the UAE are in the top 40, the other GCC economies are ranked in the top 60. Bahrain secured 46th rank, Kuwait was 52nd, Saudi Arabia 54th and Oman 57th.
Three countries from the region are within the bottom 15. They are Syria (115), Yemen (123) and Algeria (125). The five pillars of GII constitute the Innovation Input Sub-Index: 'institutions', 'human capital and research', 'infrastructure', 'market sophistication' and 'business sophistication'.

Oil Economy to Knowledge Economy -
Sustainable Growth - Oil Economy to Diversified Knowledge Economy

Global economic uncertainty make it imperative that GCC countries should develop competitive, diversified economies, concludes a new paper from the Carnegie Middle East Center.
In the report explains that the top priority for the Gulf Council Cooperation (GCC) countries should be improving economic governance
Special Industrial Parks and Their Role in Diversifying Economy
- Bio IT KnowledgeCenter
Objective
· To diversify local economy
· To increase high end employment opportunities for the national
· To develop Knowledge based economy for the future
· To develop education to locals in association with different universities and biotech companies present in the park.
Components
· Biotech
· IT/ITES
· Pharmaceutical
· Pharmaceutical Logistic and Warehousing

Monday, July 4, 2011

Country of Rich God and Poor People

Kerala temple could be the richest in country

This is not the only temple which is rich. This lies in India's Varn Vyavastha which has made Temples and Their Priest Rich. They are sole owner of the national wealth. Indian poor remain hungry but riches goes to temple and they remain rich. This has percolated to Mazar and shrines also.
The economic status of majority lower caste, and status of upper caste minority is clear indication of exploitation. Today the 4%+10% upper class ( Brahmins+ Shatriya+Vaishave) governs more than than 80% wealth in the country, even after 60 years of independents Burocracy still has 70% domination of upper class and industry is their bastion.

The present system and system which is adopted by present government is for making rich more rich and poor .........poorer. This is post independent story.

Call it the mother of all treasure hunts. The stock-taking by a panel of experts at the Sree Padmanabha Swamy temple has catapulted the shrine located here to the country's richest, with reports claiming that the value of recoveries may have touched close to Rs 1 lakh crore, more than Kerala public debt of Rs 70,969 crore.


To whom this wealth belongs

The wealth of all religious shrines and temples must be governed independetly and used for the welfare of people. Even though there is billions of dollars in Waqf properties in India, everything is mis used by government nominated boards and ministers. Peoples are building Mansions on it. Mukesh Ambani billion dollar home is built on Waqf property.

These properties really belongs to peoples and must be used for welfare of the peoples of nations. Temples, Mazars and for that matter all such institutions must be controlled and governed in most transparent way and this wealth must be used for welfare.

If this is done India will not have poor and hungry anywhere.

The best method is using this wealth, including Waqf for creating welfare institutuins and running them. The infrastructure of the Hospitals and Schools and Colleges, Orphanages should be created with this money. After creating these institution should be run Professionally or some other scheme's should be designed so that every one in the society get the benefits.
No one has right to hold these properties to ransom when peoples are dying of hunger. The Waqf has billions of dollars assets in Delhi alone, What is the use? Waqf are created for welfare of the people?

All these treasure are national wealth and should be used for welfare of people.
I do not trust the present corrupt government and their mechanism for this purpose. Nation neeeds much more transparent and accountable mechanism to use these treasures for welfare of the people.

Thiruvananthapuram: Sri Padmanabhaswamy temple in Kerala could well be the richest in the country as unofficial estimates Saturday, the sixth day of preparing an inventory of treasures in its six chambers, suggested the value of its gold, diamond and other precious metals at close to Rs one lakh crore. The inventory of the temple here, maintained by the erstwhile royal family of Travancore, is being made by a seven-member Supreme Court-appointed panel.

The stock-taking process was ordered by the Supreme Court following a petition by advocate TP Sundararajan over mismanagement of the temple affairs. On Monday, ahead of entering the temple chambers for the first time, the committee chairman, retired Kerala High Court judge MN Krishnan, said he hoped to finish the entire process by the end of the week.
The temple has a total of six chambers, named A to F by the committee. With chamber B yet to be opened and chamber A's accounting ending on Saturday, and two more chambers left unopened yet, it is expected that the inventory process may continue for a few more days. The inventory of a chamber opened on Friday could only be completed Saturday. The committee, which includes a gemmologist, stumbled upon a nearly four-foot-tall statue of Lord Vishnu in gold and studded with emeralds. Other precious items that were accounted for Saturday included several golden statues, almost all weighing two kg each. Among other things are a gold necklace as long as 15 feet, and crowns studded with emeralds, rubies and diamonds. The chamber is situated around 20 feet under the ground. The committee conducted the examination using artificial lights.

As of now, the Balaji temple in Tirupati in Andhra Pradesh is believed to be the richest temple in the country, followed by Shirdi Sai Baba shrine in Maharashtra.

Wednesday, June 29, 2011

SC stays transfer of land to Singur farmers

SC stays transfer of land to Singur farmers

There is only Lose - Lose for people of Bengal.

This is start of long legal battle for TaTa's. In this battles lines are drawn and I know the final result, the people of Bengal will lose.This battle of Titan and Czars is not going to any where and will take years and many more projects in the offing in Bengal will go sae fate. There will be no new industrial project in near future and no development because nothing can happen without land. The Battle willgoon. The development will lose.
This will increase migration of Bengal Peoples towards more affluentcitiees of Mumbai and Delhi where they are not wecomes and many times face actions in their own ation and atrociteis. What kind of nation are we really want to build. Alread other industrial sites are under pressures including site of NTPC power plant and pressure will build on industry.
This is no vctory and there is no win-win.

There is only Lose - Lose for people of Bengal.

Sunday, June 26, 2011

Didi Ka Band Baja

LAND ISSUES LEAVE TRINAMOOL IN A FIX

Didi Ka Band Baja ( Sisters Band)
Da Ki Roshanai ( Brothers Lighting)
Diggiraja ki Dance Party ( Diggi's Dance Party)
Yuraj Ka hai Rajyabhishek
Amma, Bahanji Tum bhi Aana
Nyota Tumhe Hamane Diya
Tumhare Bagair Rajyabhishe Hai Adhoora
Agali Bar Mil Ke Ladenge

These are my lines for Indian Political Scene. This is difficult for other to understand written with local dialects and meaning.

Land struggle — a Pandora ’sbox the Mamata Banerjee-led Trinamool Congress (TMC) opened while in the Opposition — has landed the party in a fix, with TMC now on the ruling side.
After the state assembly passed the Singur Land Rehabilitation and Development Bill, 2011, last week, there are demands from unwilling farmers for returning their land, acquired in projects such as Burdwan health city, Siliguri satellite township and the NTPC power plant at Katwa. Kick-started by the TMC, the land agitations at these sites are taking a new turn now.
Soon after the Bill was passed in the assembly, agitators stalled work at Burdwan health city site, causing trouble for the authority. The health city is being developed in a publicprivate partnership by the Burdwan Development Authority and the Bengal Faith Health Care (BFHC), a special purpose vehicle promoted by CES Infratech and Faith Health Care, aCES group company.
“On May 14, about 300-400 people rushed to our project site and stopped work completely. Some 70-80 farmers were unwilling to give their land and, reportedly, they even rejected the cheques, but no major agitation had happened till the government ’sdecision. Now, we have been thrown out of the site. Even the outpatient unit, operational with four specialist doctors, is not being allowed to work,” said a BFHC official. The company was planning to start full operations from October this year. However, the plans seem to have been derailed by “Banerjee ’sSingur Bill”.
According to reports, about 84 farmers had turned down cheques issued in exchange for 23 acres of the land acquired in 2005 for the project in Goda. For the `1,200-crore project, 57 acres of land was acquired from more than 350 owners and BFHC has already invested `50 crore. The TMC, which went on adamage-control mode, sent Rabiranjan Chatterjee, technical education minister, to the site to speak to the unwilling farmers.
“He came up with some suggestions, including returning the land and demanding more compensation. In the wake of all this, only time can prove what will happen to the project,” the official said.
All is also not well at the proposed satellite township in the Kawakhali-Porajhar area in Siliguri, where acquisition of 320 acres of land started in 2004. The protests were spearheaded by Congress leader and member of parliament from Raniganj, along with the TMC and the Revolutionary Socialist Party.
“We have given compensation and allotted 800-odd plots to those losing their land. There were some people who were unwilling to part with their land and are protesting to have it back. The matter is with the court now,” said D K Roy, assistant town planner of Siliguri Jalpaiguri Development Authority, which is planning the project.
Meanwhile, TMC itself was planning a Singur re-run at the Katwa power plant site, where top leaders like Saugata Ray, Purnendu Bose and Sovan Chatterjee paid a visit. The unwillingness to acquire land from those unwilling to sell seems to be a hindrance for this `9,600crore project for a 1,600-mega watt NTPC plant. The public sector undertaking had taken over the Katwa project from the West Bengal Power Development Corporation Ltd, which had acquired 387 of the 1,035 acres required for the project last year.
According to sources, Banerjee, who heads the power ministry herself, will not allow acquiring more than 600 acres of land. “There needs to be some openeness from the government for the project to continue,” complained a top NTPC official.
On the other hand, Saugata Ray, a member of parliament who once headed the campaign through the Save Farmland Committee, said, “A lot will depend on the ground situation. People in Katwa never wanted further acquisition of land.” In Katwa, 1,033 acres of land belong to 4,600 farmers and not many were willing to give their land even for the first phase of the project. Matters have worsened after the Singur Bill.
However, for the TMC, it seems a ghost from the past has started to haunt them now.
After the Singur Land Rehabilitation and Development Bill, 2011 was passed, there have been demands from unwilling farmers for the return of their land acquired for projects across the state