Euro Crisis: Derivatives Cloud the Possible Fallout From a Greek Default - CNBC
In years past, when financial crises in Argentina and Russia left those countries unable to make good on their government debts, they simply defaulted. But this time around, swaps and other sorts of contracts have become so common and so intertwined in the financial markets that there are fears among regulators and financial players about how a Greek default would play out among derivatives holders.
The looming uncertainties are whether these contracts — which insure against possibilities like a Greek default — are concentrated in the hands of a few companies, and if these companies will be able to pay out billions of dollars to cover losses during a default.
Thursday, June 23, 2011
Is America a Friend?
Please have a look at following incidents and tell me if America is Friend or Not?
This Friend of Dear Prime Minister, for this he put his government on test and ditched long time trusted friend.
America can be best friend of Mr. Prime Minister and his team( I call them Team ManMohan), prominent among them is Montek Singh.
Government unhappy with US response to troubles of Indian diplomats.
NEW DELHI: Reacting to the forced labour suit brought against Indian consul general in New York Prabhu Dayal , the government here protested against what it called the targeting of the country's diplomats in the US, subtly cautioning that it could sour public opinion and have repercussions for ties. Trashing as "motivated and baseless" the charge that Dayal forced his Indian domestic help to work like a slave, the foreign ministry said, "We are disappointed and deeply concerned that Indian diplomats and their family members should be targeted in such a manner in a friendly country like the US." It added, "Such actions impede the ability of the individuals in question to discharge their official responsibilities as well as cause untold mental harassment and anguish. These incidents cannot be dismissed lightly."
India to issue another warning to US on hike of professional visa fees
NEW DELHI: India will issue yet another warning to the United States on the non-compatibility of the recent hike in professional visa fees and imposition of additional import taxes on government purchases with World Trade Organisation, or WTO, rules. Commerce and industry minister Anand Sharma will take up the issue with US Trade Representative Ron Kirk later this week. "We are seriously pursuing the issue with the US government as we feel that both the measures violate global trade rules. The minister will discuss the issue at length with the USTR," a commerce department official told ET. Sharma is scheduled to meet Kirk in Washington DC on Wednesday.
India had issued a non-paper or an informal communication to the US earlier this year stating that both the measures, that were part of the country's attempt to fund its enhanced border security plan and health programme for 9/11 victims, flouted multilateral trade norms of the WTO. The US, however, is yet to respond to the communication. "The minister will try to drive home the point that we are not willing to let go of the issue as the measures have a significant negative impact on Indian business," the official said, adding that the commerce ministry is in consultation with WTO lawyers and is preparing the ground for filing a case if required. The US increased professional visa fees (H-1B and L-1 visa) by a minimum $ 2,000 for all US-based companies that have more than half of their employees on such visas till 2015. It would mostly affect Indian IT firms, like Infosys and Wipro , and is expected to cost them $200 million annually.
Sari Situation: Indian Ambassador Pat Down
The Indian government is fuming this week after its ambassador to Washington was subjected a TSA pat-down at a Mississippi airport.
"This is unacceptable to India," said External Affairs Minister SM Krishna, according to the BBC. "We are going to take it up with the U.S. government, and I hope things could be resolved so that such unpleasant incidents do not recur."
According to the Indian embassy in Washington, Ambassador Meera Shankar was selected for secondary screening Dec. 4 at the Jackson-Evers International Airport, where she was catching a flight to Baltimore after attending a conference at Mississippi State University.
A university official quoted the ambassador as vowing never to return to Mississippi as a result of the incident, according to the Associated Press.
"The U.S. State Department has reached out to the ambassador and has regretted what had happened," Virander Paul, a spokesman for the Indian embassy, told ABC News.
Some reports have suggested that Ambassador Shankar was selected for the hands-on pat-down because she was wearing a sari, a traditional Indian wrap-around dress. Today, the Transportation Security Administration defended the actions of its officers.
TSA : Indian woman ambassador to US patted down and ill-treated in Mississippi airport
The security check procedure i.e. TSA being followed in US Airports is being criticized by the air passengers in US. Now, the Indian Ambassador to the US Meera ShankarShankar, the top most diplomat of India in US, was subjected to this rigorous security check of being patted down, despite her diplomatic status. This incident has created a public outcry in India. She was pulled from an airport security line and patted down by an American security agent at the Jackson- Evers International Airport Mississippi despite being told of her diplomatic status on December 4. The sari-clad Indian woman diplomat felt humiliated as she was subjected to the hands-on search.
This incident happened even when Shankar presented her diplomatic papers to officers and was escorted by a Mississippi Development Authority representative and an airport security officer. She was about to board a flight to Baltimore after attending the Mississippi State University's programme.
The Clarion-Ledger security agents told Meera Shankar she was singled out because she was wearing a sari, which the paper notes is as "a traditional Indian robe that is draped across the body." As the airport does not yet have full-body scanner, she was subjected to the thorough pat-down.
Another Indian diplomat 'patted down' at airport
New Delhi, Dec 13 (IANS) India has taken up the issue of another of its senior diplomats being 'patted down' at an American airport, this time involving India's permanent representative to United Nations Hardeep Puri.
"I have taken it up with the US authorities. And the matter is at that stage," External Affairs Minister S.M. Krishna told reporters after the second such incident surfaced Monday. Hardeep Puri was asked to remove his turban during a security check at Houston, and was also kept in a 'holding room' for over half an hour, despite showing his diplomatic credentials."Secretary of State, Mrs. Hillary Clinton, has also given an indication to the fact that they are going to revisit some of these procedures, particularly with reference to diplomatic corps of other countries," added Krishna.The latest incident comes just two days after the US deputy chief of mission Donald Lu was summoned by New Delhi to protest against a similar 'pat down' of the Indian envoy Meera Shankar this month.Lu was summoned to the Ministry of External Affairs Saturday and conveyed India's "strong concerns" over the "pat down" search that Meera Shankar was subjected to at the Jackson-Evers International Airport Dec 4 after her visit as a guest of the Mississippi State University.According to the Jackson Clarion-Ledger, Shankar was singled out from a group of 30 passengers and pulled aside. Witnesses told the paper that she was chosen as she was wearing a sari, and was patted down despite her diplomatic passport.Krishna had described Shankar's experience as "unacceptable". "We are going to take it up with the government of US that such unpleasant incidents do not recur," the minister had told reporters outside parliament Thursday.He had said there were "certain well-established conventions, well-established practices as to how members of diplomatic corps are treated in a given country". US Under Secretary of State for Political Affairs William Burns had even made a personal call to Shankar to apologise for the incident.Former Indian diplomats have reacted to the latest incident by pointing out that there should be reciprocal treatment of foreign envoys in India."The issue is not just of diplomats, but also of our Sikh brethren, whose issue we had taken up several times," former Indian ambassador to US, Ronen Sen told Times Now television channel.
Barack Obama targets outsourcing again
WASHINGTON: Stepping up his campaign against outsourcing, US President Barack Obama on Friday asserted his administration would offer tax benefits only to those firms which will create jobs in the country, a move that may hit Indian IT firms in a big way.
"We believe on tax breaks for those firms that create jobs in the US. So we are beginning to do that," Obama said at a press conference here.
His remarks came close on the heels of the Ohio state governor passing an executive order to ban outsourcing, a development that has raised concerns in India which is often described as the world's back office.
Obama calls outsourcing to India unfair practice
Washington: Accusing US companies outsourcing business to India of following unfair business practices, President Barack Obama says his proposal to tax firms shipping jobs overseas was only intended to provide a level playing field.
"If you are a business here, entirely located in the United States, and investing in the United States, and hiring workers in the United States, you are paying a 35 percent rate," he said in an Oval office interview with Bloomberg/Businessweek.
"If you are a multinational and you are investing in India, and your workforce is in India, and your plants and equipment are in India, but your headquarters are here, you are taking deductions on all the expenses in India, but you are keeping your profits outside the United States, that just doesn't seem entirely fair," Obama said.
"The same is true where you have companies that have 90 percent of their sales in the United States, but are posting 90 percent of their profits overseas."
"You get a sense there that the accountants have been busy," he said, suggesting that these companies were taking unfair advantage of current tax laws.
Obama said taking note of "some legitimate concerns" about a similar proposal last year, "we made modifications around some of these proposals."
China, India are grabbing future jobs: Obama
US risks losing out to India, China: Obama
I do not see anything friendly in these events. If Team ManMoham sees friendly ties, then nation has ( India) has right to see differently. These are definitely no friendly incidents.
This Friend of Dear Prime Minister, for this he put his government on test and ditched long time trusted friend.
America can be best friend of Mr. Prime Minister and his team( I call them Team ManMohan), prominent among them is Montek Singh.
Government unhappy with US response to troubles of Indian diplomats.
NEW DELHI: Reacting to the forced labour suit brought against Indian consul general in New York Prabhu Dayal , the government here protested against what it called the targeting of the country's diplomats in the US, subtly cautioning that it could sour public opinion and have repercussions for ties. Trashing as "motivated and baseless" the charge that Dayal forced his Indian domestic help to work like a slave, the foreign ministry said, "We are disappointed and deeply concerned that Indian diplomats and their family members should be targeted in such a manner in a friendly country like the US." It added, "Such actions impede the ability of the individuals in question to discharge their official responsibilities as well as cause untold mental harassment and anguish. These incidents cannot be dismissed lightly."
India to issue another warning to US on hike of professional visa fees
NEW DELHI: India will issue yet another warning to the United States on the non-compatibility of the recent hike in professional visa fees and imposition of additional import taxes on government purchases with World Trade Organisation, or WTO, rules. Commerce and industry minister Anand Sharma will take up the issue with US Trade Representative Ron Kirk later this week. "We are seriously pursuing the issue with the US government as we feel that both the measures violate global trade rules. The minister will discuss the issue at length with the USTR," a commerce department official told ET. Sharma is scheduled to meet Kirk in Washington DC on Wednesday.
India had issued a non-paper or an informal communication to the US earlier this year stating that both the measures, that were part of the country's attempt to fund its enhanced border security plan and health programme for 9/11 victims, flouted multilateral trade norms of the WTO. The US, however, is yet to respond to the communication. "The minister will try to drive home the point that we are not willing to let go of the issue as the measures have a significant negative impact on Indian business," the official said, adding that the commerce ministry is in consultation with WTO lawyers and is preparing the ground for filing a case if required. The US increased professional visa fees (H-1B and L-1 visa) by a minimum $ 2,000 for all US-based companies that have more than half of their employees on such visas till 2015. It would mostly affect Indian IT firms, like Infosys and Wipro , and is expected to cost them $200 million annually.
Sari Situation: Indian Ambassador Pat Down
The Indian government is fuming this week after its ambassador to Washington was subjected a TSA pat-down at a Mississippi airport.
"This is unacceptable to India," said External Affairs Minister SM Krishna, according to the BBC. "We are going to take it up with the U.S. government, and I hope things could be resolved so that such unpleasant incidents do not recur."
According to the Indian embassy in Washington, Ambassador Meera Shankar was selected for secondary screening Dec. 4 at the Jackson-Evers International Airport, where she was catching a flight to Baltimore after attending a conference at Mississippi State University.
A university official quoted the ambassador as vowing never to return to Mississippi as a result of the incident, according to the Associated Press.
"The U.S. State Department has reached out to the ambassador and has regretted what had happened," Virander Paul, a spokesman for the Indian embassy, told ABC News.
Some reports have suggested that Ambassador Shankar was selected for the hands-on pat-down because she was wearing a sari, a traditional Indian wrap-around dress. Today, the Transportation Security Administration defended the actions of its officers.
TSA : Indian woman ambassador to US patted down and ill-treated in Mississippi airport
The security check procedure i.e. TSA being followed in US Airports is being criticized by the air passengers in US. Now, the Indian Ambassador to the US Meera ShankarShankar, the top most diplomat of India in US, was subjected to this rigorous security check of being patted down, despite her diplomatic status. This incident has created a public outcry in India. She was pulled from an airport security line and patted down by an American security agent at the Jackson- Evers International Airport Mississippi despite being told of her diplomatic status on December 4. The sari-clad Indian woman diplomat felt humiliated as she was subjected to the hands-on search.
This incident happened even when Shankar presented her diplomatic papers to officers and was escorted by a Mississippi Development Authority representative and an airport security officer. She was about to board a flight to Baltimore after attending the Mississippi State University's programme.
The Clarion-Ledger security agents told Meera Shankar she was singled out because she was wearing a sari, which the paper notes is as "a traditional Indian robe that is draped across the body." As the airport does not yet have full-body scanner, she was subjected to the thorough pat-down.
Another Indian diplomat 'patted down' at airport
New Delhi, Dec 13 (IANS) India has taken up the issue of another of its senior diplomats being 'patted down' at an American airport, this time involving India's permanent representative to United Nations Hardeep Puri.
"I have taken it up with the US authorities. And the matter is at that stage," External Affairs Minister S.M. Krishna told reporters after the second such incident surfaced Monday. Hardeep Puri was asked to remove his turban during a security check at Houston, and was also kept in a 'holding room' for over half an hour, despite showing his diplomatic credentials."Secretary of State, Mrs. Hillary Clinton, has also given an indication to the fact that they are going to revisit some of these procedures, particularly with reference to diplomatic corps of other countries," added Krishna.The latest incident comes just two days after the US deputy chief of mission Donald Lu was summoned by New Delhi to protest against a similar 'pat down' of the Indian envoy Meera Shankar this month.Lu was summoned to the Ministry of External Affairs Saturday and conveyed India's "strong concerns" over the "pat down" search that Meera Shankar was subjected to at the Jackson-Evers International Airport Dec 4 after her visit as a guest of the Mississippi State University.According to the Jackson Clarion-Ledger, Shankar was singled out from a group of 30 passengers and pulled aside. Witnesses told the paper that she was chosen as she was wearing a sari, and was patted down despite her diplomatic passport.Krishna had described Shankar's experience as "unacceptable". "We are going to take it up with the government of US that such unpleasant incidents do not recur," the minister had told reporters outside parliament Thursday.He had said there were "certain well-established conventions, well-established practices as to how members of diplomatic corps are treated in a given country". US Under Secretary of State for Political Affairs William Burns had even made a personal call to Shankar to apologise for the incident.Former Indian diplomats have reacted to the latest incident by pointing out that there should be reciprocal treatment of foreign envoys in India."The issue is not just of diplomats, but also of our Sikh brethren, whose issue we had taken up several times," former Indian ambassador to US, Ronen Sen told Times Now television channel.
Barack Obama targets outsourcing again
WASHINGTON: Stepping up his campaign against outsourcing, US President Barack Obama on Friday asserted his administration would offer tax benefits only to those firms which will create jobs in the country, a move that may hit Indian IT firms in a big way.
"We believe on tax breaks for those firms that create jobs in the US. So we are beginning to do that," Obama said at a press conference here.
His remarks came close on the heels of the Ohio state governor passing an executive order to ban outsourcing, a development that has raised concerns in India which is often described as the world's back office.
Obama calls outsourcing to India unfair practice
Washington: Accusing US companies outsourcing business to India of following unfair business practices, President Barack Obama says his proposal to tax firms shipping jobs overseas was only intended to provide a level playing field.
"If you are a business here, entirely located in the United States, and investing in the United States, and hiring workers in the United States, you are paying a 35 percent rate," he said in an Oval office interview with Bloomberg/Businessweek.
"If you are a multinational and you are investing in India, and your workforce is in India, and your plants and equipment are in India, but your headquarters are here, you are taking deductions on all the expenses in India, but you are keeping your profits outside the United States, that just doesn't seem entirely fair," Obama said.
"The same is true where you have companies that have 90 percent of their sales in the United States, but are posting 90 percent of their profits overseas."
"You get a sense there that the accountants have been busy," he said, suggesting that these companies were taking unfair advantage of current tax laws.
Obama said taking note of "some legitimate concerns" about a similar proposal last year, "we made modifications around some of these proposals."
China, India are grabbing future jobs: Obama
US risks losing out to India, China: Obama
I do not see anything friendly in these events. If Team ManMoham sees friendly ties, then nation has ( India) has right to see differently. These are definitely no friendly incidents.
Sunday, June 19, 2011
Road to Paradise Through Your Mother's Feet
Road to Paradise goes Through Feet of Your Mother
Islam teaches how to treat each of thread of the society. And these threads when comes together is strong Islamic Society based on love and respect.
Islam is all about Love and taking care of each your near dear. Each of society gets its due share of the love and respect. Today world is searching for Love and Peace in their life.
Let embrace those who are looking for love, looking for peace by our deeds and by delivering our responsibility. If we start following Islam, definitely people looking for peace will flock in Islam by huge number. Ramdan is near, Let us pray all, so that we give best examples in our lives to follow.
If we follow Islam in day and night definitely success will be granted to all of us Here and Hereafter. This is the Promise of Allah the Almighty.
Prophet ( Peace be upon Him) and Importance of FamilyOnce a companion (may Allah be pleased with him) asked the Prophet (PBUH) as to whom he should show more kindness. The Prophet (PBUH) replied: "Your mother." He (may Allah be pleased with him) asked who comes next and the Prophet (PBUH) again replied: "Your mother." He (may Allah be pleased with him) asked the Prophet (PBUH) yet again who comes next. The Prophet (PBUH) replied: “Your mother." When the companion asked for the fourth time, only then did the Prophet (PBUH) reply: "Your father."
‘Abdullaah Ibn Mas’ood (RA) said: “I asked the Prophet (PBUH) which deed is most liked by Allah? He (PBUH) said: ‘Prayer offered on time.’ I asked him: ‘Then what? He (PBUH) said: ‘Kindness and respect towards parents.’…” [Al-Bukhaari and Muslim
(17:24) 2. Treat your parents with great consideration; if either or both of them live with you in their old age, do not say even "fie" to them: nor rebuke them, but speak kind words to them; treat them with humility and tenderness and pray: "Lord, be merciful to them just as they brought me up with
(17:25) Your Lord best knows what is in your minds. if you live righteously, He surely forgives and turns towards all such people as are penitent and obedient.
This verse enjoins that after Allah's right, the greatest of aII the human rights is the right of parents: therefore, the children should obey and serve and respect their parents. The collective morality of society should make it incumbent on children to be grateful and respectful to their parents, they should serve them as they nursed and brought them up in their childhood. Above aII, this verse is not merely a moral recommendation but is the basis of the rights and powers of parents the details of which we find in the Books of Hadith and Fiqh. Moreover, respectful behavior and obedience to and observance of the rights of parents comprise the most important element of the material education and moral training in the Islamic Society and civilization. Incidentally, all these things have determined for ever the principle that the Islamic State shall make the family life sound and secure by laws, administrative regulations and educational policy and prevent its disintegration.
17:26) 3. Fulfil your obligations towards your relatives and the indigent and the wayfarer.
(31:14) We enjoined upon man to be dutiful to his parents. His mother bore him in weakness upon weakness, and his weaning lasted two years. (We, therefore, enjoined upon him): “Give thanks to Me and to your parents. To Me is your ultimate return.
The whole passage from lure to the end of the paragraph is a parenthesis, which AIIah has inserted as a further explanation of the saying of Luqman.
HADITH : KINDNESS TO PARENTSThe Prophet Muhammad (peace be upon him) was once asked: "Is there any kindness that I can do for my parents after their death?" He replied: "Yes, you can invoke blessings on them, seek forgiveness for them, carry out their final instructions after their death, join ties of relationship that are dependent on them, and honor their friends."Sunan of Abu-Dawood, Hadith 2440
Allah's Messenger (Blessings & peace be upon him) said: ‘Let him be humbled into dust! Let him be humbled into dust!’ It was said: ‘O Allah's Messenger (Blessings & peace be upon him) who is he?’ He (Blessings & peace be upon him) said: ‘He who sees either of his parents during their old age or he sees both of them, but he does not enter Paradise (through his deeds of service towards them)!’
The Messenger of Allah (saws) said, "Shall I inform you of the biggest of the Greatest sins?" They said, "Yes, O Allah's Messenger (saws)!" He (saws) said, "To join partners in worship with Allah, and to be UN-dutiful to one's parents." Sahih Al-Bukhari Hadith 8.290 Narrated by Abu Bakr
The Quran 2:83] We made a covenant with the Children of Israel: "You shall not worship except GOD. You shall honor your parents and regard the relatives, the orphans, and the poor. You shall treat the people amicably. You shall observe the Contact Prayers (Salat) and give the obligatory charity (Zakat)." But you turned away, except a few of you, and you became averse.
[The Quran 6:151] Say, "Come let me tell you what your Lord has really prohibited for you: You shall not set up idols besides Him. You shall honor your parents. You shall not kill your children from fear of poverty - we provide for you and for them. You shall not commit gross sins, obvious or hidden. You shall not kill - GOD has made life sacred - except in the course of justice. These are His commandments to you, that you may understand."
The Quran 46:15] We enjoined the human being to honor his parents. His mother bore him arduously, gave birth to him arduously, and took intimate care of him for thirty months. When he reaches maturity, and reaches the age of forty, he should say, "My Lord, direct me to appreciate the blessings You have bestowed upon me and upon my parents, and to do the righteous works that please You. Let my children be righteous as well. I have repented to You; I am a submitter."
(46:15) We have enjoined man to be kind to his parents. In pain did his mother bear him and in pain did she give birth to him. The carrying of the child to his weaning is a period of thirty months. And when he is grown to full maturity and reaches the age of forty, he prays: “My Lord, dispose me that I may give thanks for the bounty that You have bestowed upon me and my parents, and dispose me that I may do righteous deeds that would please You, and also make my descendants righteous. I repent to You, and I am one of those who surrender themselves to You.”
India - Challenges of Growth and Development
Corruption, BlackMoney , Lokpal and Affordibility of life ( Inflation)
Everyone is talking about corruption and one of most loved topic of media is black money, and now lokpal bill. There are many debates on all of this and everyone is talking about how to manage it or reduce the corruption.
I have not seen much talked and discussed about how these money is created, and why it is created and how to put of the hole.
Lokpal bill is one of the most important bill and it will improve the responsibility and bring corrupt cases into to forefront. Like RTI ( right to information act) it will be great achivement. This all will go in long way to become a nation who cares its people. I am not talking of Developed countries who do not care their own people and are arrogat. I am not talking of those who are least concerned about human rights and responsibility of powerful.
No, I am talking of nation India, who is responsible and humble towards world and its own people. Where every hand get work and dignity to sleep peacefully everynight with food and not worried for tomorrow's needs.
The major issues which India is facing to grow, and to grow responsibily. Without snatching or stealling from his own brothers and sisters.
Everyone is talking about corruption and one of most loved topic of media is black money, and now lokpal bill. There are many debates on all of this and everyone is talking about how to manage it or reduce the corruption.
I have not seen much talked and discussed about how these money is created, and why it is created and how to put of the hole.
Lokpal bill is one of the most important bill and it will improve the responsibility and bring corrupt cases into to forefront. Like RTI ( right to information act) it will be great achivement. This all will go in long way to become a nation who cares its people. I am not talking of Developed countries who do not care their own people and are arrogat. I am not talking of those who are least concerned about human rights and responsibility of powerful.
No, I am talking of nation India, who is responsible and humble towards world and its own people. Where every hand get work and dignity to sleep peacefully everynight with food and not worried for tomorrow's needs.
The major issues which India is facing to grow, and to grow responsibily. Without snatching or stealling from his own brothers and sisters.
- Sources of Black money - One of the greatest challenge is our taxation system. India needs to deal with it and close the loopholes which creates blackmoney. ( I will write in detail on the issue. Only salaried class is tax payee because it is paid in bank and those who deals in millions of cash never gets tax notice)
- India's Mandi Act ( food grain and agriculture commodities act)- This second source of proliferage.
- Cash Transaction and banking in India. - All retail and wholesale trading happens as cash transaction. This must stop. This is source of black money, all kind of wholesale and retail transaction must be through bank. This will reduce cash and black money. Still more than half of India do not have banking account, let us make banking affordable to them. Give everyone of them account and reduce cash in system.
- Indian Real Estate - Biggest investor or source where black is invested.
- India Judiciary - Presently more than 10 years backlog is there in Supreme Court for constitutional bench. What kind of Governace are we talking off. If our highest court can not deal with matter of constitution for 10 years and many more years. The backlog of all other cases are well known. This is not justice system. India needs change in very first dimension of democracy, the justice. If this system can not deliver justice, what are we then talking off? We need a system which is time bound and accountable to deliver justice.
- Accountability - If everyone is accountable and responsible for his task, why not judiciary? Let there will be system where Judiciary, including Highest Judiciary be held accounatable and required be prosecuted? Everyone here is human being and can make mistake so is judiciary, let there be a system which will held them accountable?
- India Bureucracy - Let there be reform in indian bureucracy, politicians goes and comes back but our bureacracy remains there and needs to be cleaned.
- Indian Criminal System - This is one of the area needs revamp. India needs clean, non corrupt IPC. Law and Order should be separate from investigation. Police and associated system is most corrupt and unaccountable system. They can put any one behind the bar for years under different law and after 5 to 10 years judiciary acquits him of wrong doing. What about lost time and injustice to him? Extra judicial killing is one of the most common phenomenon of Indian Police and Military. They are contract killer for Politician ( Gujarat or Business Mans, Delhi and Mumbai Cases). Do really India want such Police Force. We need a force, which people love to go to help. Present system is the system of British Empire and needs facelift.
- Inflation is India's Foreign Policy Challenge and not Fiscal Policy Challenge.
- Inflation is Indias Development Challenge, and not monetary or Fiscal Management.
Thursday, June 16, 2011
Sovereign Debt Crisis: Investors Bet on Prospect of 'Greek Accident' - CNBC
Sovereign Debt Crisis: Investors Bet on Prospect of 'Greek Accident' - CNBC
This is called CDS, derivatives and many good name. I call them casino's and betting. This needs to controlled. No one has the right to tell and bet on others bankruptcy.
Why people should pay for those who are playing casino's. Let them play casino's. Please don't call it banking.
Keep the banking, only banking clean of all garbage.
Make investment banking, and all its instruments a separate system, and clearly mention their risk as casino's. Those who want to play, no one can stop them to play with their own money.
These people should not be allowed to play with retirees money, pension funds, university money and insurance money and governemnt money and tax payers money.
Let them play with their own money.
The best solution for Greece and Euro, is to default.
Let the banker take hit and haircut on their debt.
Tax payers should not be made to pay for luxury of bankers and banking.
This is called CDS, derivatives and many good name. I call them casino's and betting. This needs to controlled. No one has the right to tell and bet on others bankruptcy.
Why people should pay for those who are playing casino's. Let them play casino's. Please don't call it banking.
Keep the banking, only banking clean of all garbage.
Make investment banking, and all its instruments a separate system, and clearly mention their risk as casino's. Those who want to play, no one can stop them to play with their own money.
These people should not be allowed to play with retirees money, pension funds, university money and insurance money and governemnt money and tax payers money.
Let them play with their own money.
The best solution for Greece and Euro, is to default.
Let the banker take hit and haircut on their debt.
Tax payers should not be made to pay for luxury of bankers and banking.
Default will not be a trigger for next melt down.
Greek PM to Reshuffle Cabinet; IMF 'Concerned' - CNBC
Will Greece be trigger point?
No I don't think so?
It will not be a trigger for next melt down, it is already discounted in market. It is smaller than Lehman default? The strigger needs to be bigger. There is nothing to worry? If it default, then it is best thing now. If not then it will default in next year or so. Present situation of Europe is much better than USA. The toxic is in the system there and financial system.
European default in general will not be trigger for next meltdown? After Greece........ Irland...... Spain.........Portugal...........Italy. One at a time. Still no problem. They all will default in next three to five years time, if not now. Let us clean it.
Global meltdown trigger can only come from USA, I am waiting for AIG or Goldman, they will be the trigger for collapse.
In my opinion Fed will go for next round of easing and then let us wait for more.
This will be 3 to 5 years. And best job guarantee is War?
War is coming? Libya is one, Yemen next, then Syria and yes Sudan. This how to create jobs for 10% unemployeed US.
Arab world has started changing but now, this is turn of Europe to change.
Greece, Space and many more more regime will change.
Will Greece be trigger point?
No I don't think so?
It will not be a trigger for next melt down, it is already discounted in market. It is smaller than Lehman default? The strigger needs to be bigger. There is nothing to worry? If it default, then it is best thing now. If not then it will default in next year or so. Present situation of Europe is much better than USA. The toxic is in the system there and financial system.
European default in general will not be trigger for next meltdown? After Greece........ Irland...... Spain.........Portugal...........Italy. One at a time. Still no problem. They all will default in next three to five years time, if not now. Let us clean it.
Global meltdown trigger can only come from USA, I am waiting for AIG or Goldman, they will be the trigger for collapse.
In my opinion Fed will go for next round of easing and then let us wait for more.
This will be 3 to 5 years. And best job guarantee is War?
War is coming? Libya is one, Yemen next, then Syria and yes Sudan. This how to create jobs for 10% unemployeed US.
Arab world has started changing but now, this is turn of Europe to change.
Greece, Space and many more more regime will change.
Wednesday, June 15, 2011
The best option for Greece is to default
Euro Debt Crisis: Greece Crippled by Protests, Strike Over Austerity - CNBC
Greece are already junk grade CCC and nothing more to lose. The best option today for them is to default. Dubai defaulted and restryctured and now moving slowly so is Iceland. in 1996 currency crisis Indonesia along with other nations used the gimmick.
Why the nation and peoples pay for the American Mess? Let there be default, give the bond holder including the master of the ring Goldman big haircut. It will take some time but Greece will be soon out of crisis.
Default will help Greece to come out of the crisis soon. If we look at history of default then, Argentina and many more defaulted. The bond holder who paid for corruption and luxury must be held responsible and given good haircut on their value.
Why future generations pay for the crisis?
No to mess? No to Printing Press? No to Printing money worth nothing.
For the bright future and safe and secure tommorrow for the next generation best solution is default.
The bond holder must pay for their risk?
This is only way out.
Greece are already junk grade CCC and nothing more to lose. The best option today for them is to default. Dubai defaulted and restryctured and now moving slowly so is Iceland. in 1996 currency crisis Indonesia along with other nations used the gimmick.
Why the nation and peoples pay for the American Mess? Let there be default, give the bond holder including the master of the ring Goldman big haircut. It will take some time but Greece will be soon out of crisis.
Default will help Greece to come out of the crisis soon. If we look at history of default then, Argentina and many more defaulted. The bond holder who paid for corruption and luxury must be held responsible and given good haircut on their value.
Why future generations pay for the crisis?
No to mess? No to Printing Press? No to Printing money worth nothing.
For the bright future and safe and secure tommorrow for the next generation best solution is default.
The bond holder must pay for their risk?
This is only way out.
Black Day For Indian Industry and Development of West Bangal
The Singur Drama - Justice or Injustice - Development or Backwardness
Revenge will never deliver anything, it will only deliver revenge. Those with good heart and good intentions never go for revenge.
Today is very sad day for West Bangal, it will start a long road to injustice. If west bengal people voted for development, Mamata Di with Pranob Da can not deliver it. In my career, I saw and experienced Tata's very closely and worked with their many social veentures.
I can say 100% and I am more confident no one Indian industrial house has the record as good as of Tata's to deliver the society, the most wanted justice.
Tata Trust and Tata Brand in general are known for their social commitment for last more than 150 years. This is more than the life span of Da and Di together. Tata's changed life of people through out the nation.
I remember very well when I was doing my MBA from Pune University, we visited Tata Motors and saw how their HRM work. I am really surprised to see how much care they take about their people. The man who was heading HRM knows workers with names, their kids and what they doing. What are the problems they are facing in society and always eager to solve it.
After my MBA, I was with the team which launched Tata Select Equity ( first socially responsible and shariah compliant fund of India.). I worked on many projects fully supported by Sir Ratan Tata Trust and Sir Dorabaji Tata Trust. I know how much they care about the society and problems society facing for livelyhood.
Unfortunately this is worst of decision by Di and Da. It will take West Bengal to 19th Century.
What is the record of Di and Da? Do they really have anything to show, except derailed Railway? From profit making to losses? Apart from shounting what else Di can do?
This will not be justice to anyone, it will start long battle between the state all powerfull and those who care for peoples of nation, definitely Tata.
Tata's has impeachable record of , no one can take it by legislation. This is long judicial battle. The battle which may take 25 years may be more, only my next generation will see if at all it happens, who wins.
Brand of Tata will win Hearts, because it is in Hearts of Indian. It is brand of India. No one can defeat it.
Revenge will never deliver anything, it will only deliver revenge. Those with good heart and good intentions never go for revenge.
Today is very sad day for West Bangal, it will start a long road to injustice. If west bengal people voted for development, Mamata Di with Pranob Da can not deliver it. In my career, I saw and experienced Tata's very closely and worked with their many social veentures.
I can say 100% and I am more confident no one Indian industrial house has the record as good as of Tata's to deliver the society, the most wanted justice.
Tata Trust and Tata Brand in general are known for their social commitment for last more than 150 years. This is more than the life span of Da and Di together. Tata's changed life of people through out the nation.
I remember very well when I was doing my MBA from Pune University, we visited Tata Motors and saw how their HRM work. I am really surprised to see how much care they take about their people. The man who was heading HRM knows workers with names, their kids and what they doing. What are the problems they are facing in society and always eager to solve it.
After my MBA, I was with the team which launched Tata Select Equity ( first socially responsible and shariah compliant fund of India.). I worked on many projects fully supported by Sir Ratan Tata Trust and Sir Dorabaji Tata Trust. I know how much they care about the society and problems society facing for livelyhood.
Unfortunately this is worst of decision by Di and Da. It will take West Bengal to 19th Century.
What is the record of Di and Da? Do they really have anything to show, except derailed Railway? From profit making to losses? Apart from shounting what else Di can do?
This will not be justice to anyone, it will start long battle between the state all powerfull and those who care for peoples of nation, definitely Tata.
Tata's has impeachable record of , no one can take it by legislation. This is long judicial battle. The battle which may take 25 years may be more, only my next generation will see if at all it happens, who wins.
Brand of Tata will win Hearts, because it is in Hearts of Indian. It is brand of India. No one can defeat it.
Monday, June 13, 2011
Govt favoured RIL in gas contract: CAG
Govt favoured RIL in gas contract: CAG
Is this the first time? If we look at history of reliance and Dhirubhai Ambani, during licence raj. This is history of GOD father, GOD father of reliance, their fooprint in corridores of power. Past and present government has always helped them over others.
Even before they can acquire land for Jamnagar refinery, IPO came, which is approved by government. UTI invested 850 crore(8.5 in it, it is pre IPO subscription. No one really sure and it ws debated during UTI US64 debacle which government rescued.
The famous rivary between Reliance and Bombay Dying and assault on Nusli Wadia was well known. For sure no one really known the 8500 companies which are the persons acting on consent in reliance who are they?
These 8500 private comapnies are source of corruption and used for channelling benefits and money to the their political GOD father.
The c
Is this the first time? If we look at history of reliance and Dhirubhai Ambani, during licence raj. This is history of GOD father, GOD father of reliance, their fooprint in corridores of power. Past and present government has always helped them over others.
Even before they can acquire land for Jamnagar refinery, IPO came, which is approved by government. UTI invested 850 crore(8.5 in it, it is pre IPO subscription. No one really sure and it ws debated during UTI US64 debacle which government rescued.
The famous rivary between Reliance and Bombay Dying and assault on Nusli Wadia was well known. For sure no one really known the 8500 companies which are the persons acting on consent in reliance who are they?
These 8500 private comapnies are source of corruption and used for channelling benefits and money to the their political GOD father.
The c
Friday, June 10, 2011
Baba declares assets, but gives few details - Indian Express
Baba declares assets, but gives few details - Indian Express
Very nice business Idea, I never thought of. 1100 crore INR ( 250 million USD) in 17 years, without taxes and without any responsibilty, enjoy yourself. Baba of business empire.
India has many such big empires build on peoples money known as donations which are never accounted, this all money is black money. Just few days ago Satya Sai baba died , it is said he had wealth of more than 11000 crore.
India has always had a love affair with sadhus, sants and sundry babas, but till not too long ago, these worthies tended to stay out of public life. They had large numbers of followers and it was hardly a secret that many politicians were among them, but the holy men (and a few women) did not dabble in politics, at least not openly. Ministers and Governors (and Supreme Court judges too) routinely fell at the feet of such babas, but if at all any politics was discussed, it was behind closed doors.
What about wealth of many more baba's, these are the black money holders, their devotees give them black money, all this money must go to peoples of India.
Those who talk of black money must come clean themselves on black. Baba Ramdev is not Anna.
I'm raising only a nationalist force: Ramdev
He want to raise a force, saffron force which is called nationalist force. Force of Sadhwi Rithmbara and Sadhwi Pragya Singh and Naredra Modi. These are the people who want to destroy communal harmony of the country. Nationalist Force is Hindu force and it is not Baapu has dream. Those who killed Baapu can not be called patriotic, patrotic about well being of India and peoples of India. They can only be called terrorist.
Very nice business Idea, I never thought of. 1100 crore INR ( 250 million USD) in 17 years, without taxes and without any responsibilty, enjoy yourself. Baba of business empire.
India has many such big empires build on peoples money known as donations which are never accounted, this all money is black money. Just few days ago Satya Sai baba died , it is said he had wealth of more than 11000 crore.
India has always had a love affair with sadhus, sants and sundry babas, but till not too long ago, these worthies tended to stay out of public life. They had large numbers of followers and it was hardly a secret that many politicians were among them, but the holy men (and a few women) did not dabble in politics, at least not openly. Ministers and Governors (and Supreme Court judges too) routinely fell at the feet of such babas, but if at all any politics was discussed, it was behind closed doors.
What about wealth of many more baba's, these are the black money holders, their devotees give them black money, all this money must go to peoples of India.
Those who talk of black money must come clean themselves on black. Baba Ramdev is not Anna.
I'm raising only a nationalist force: Ramdev
He want to raise a force, saffron force which is called nationalist force. Force of Sadhwi Rithmbara and Sadhwi Pragya Singh and Naredra Modi. These are the people who want to destroy communal harmony of the country. Nationalist Force is Hindu force and it is not Baapu has dream. Those who killed Baapu can not be called patriotic, patrotic about well being of India and peoples of India. They can only be called terrorist.
Wednesday, June 8, 2011
The great land grab: India's war on farmers - Opinion - Al Jazeera English
The great land grab: India's war on farmers - Opinion - Al Jazeera English
Do really India need this kind of development. India is growing and growing very fast but it must understand the cost of development. It can not kill and deprive the people of their livilyhood. It is very important to have development but more important are human values. We do not need development for those few rich people. India is facing Maoist issue is rural and forest areas. The root cause is injustice and exploitation of all kind. Government must understand the emotions of people, before depriving them of their land and homes. It is will incrase crimes and law and order problem.
India: Uttar Pradesh farmers protest spreads
UP farmers win battle; HC cancels land acquisition
Allahabad High Court quashes land acquisition in Noida village
Not even one but three consecutive judgement Allahabad high court quasshed the land acquistion by government.
India need development but must come with human face.
Do really India need this kind of development. India is growing and growing very fast but it must understand the cost of development. It can not kill and deprive the people of their livilyhood. It is very important to have development but more important are human values. We do not need development for those few rich people. India is facing Maoist issue is rural and forest areas. The root cause is injustice and exploitation of all kind. Government must understand the emotions of people, before depriving them of their land and homes. It is will incrase crimes and law and order problem.
India: Uttar Pradesh farmers protest spreads
UP farmers win battle; HC cancels land acquisition
Allahabad High Court quashes land acquisition in Noida village
Not even one but three consecutive judgement Allahabad high court quasshed the land acquistion by government.
India need development but must come with human face.
Wednesday, May 25, 2011
Women in Islam Way to Peace and Salvation
Selective abortion of girls on rise among rich, educated India the Emerging World Power, one of the strongest contender of UNSC permanent seat unfortunately can't save its own girls. The Indian society and present day social customs has made it very difficult to have a girl child. This is because of traditions in the society where girl is considered as burden and marriage becomes very difficult. New Delhi: Between 42 lakh and 1.21 crore female foetuses were selectively aborted in the country in the last three decades and wealthy and educated families are increasingly going for abortion of the second girl child if their first-born too was a girl, claims a new study. Selective abortions of girls are estimated to be between 4.2 and 12.1 million over the three decades from 1980 to 2010, as per the research findings that are to be published in the upcoming issue of prestigious 'Lancet' magazine. Parents are going for abortion of the second girl child to ensure that at least one child in the family be a boy. Make marriage easy.
Women in Islam - Way to Peace and Salvation
a) As a child and an adolescent
Despite the social acceptance of female infanticide among some Arabian tribes, the Qur'an forbade this custom, and considered it a crime like any other murder. "And when the female (infant) buried alive - is questioned, for what crime she was killed." (Qur'an 81:8-9). Criticizing the attitudes of such parents who reject their female children, the Qur'an states: When news is brought to one of them, of (the Birth of) a female (child), his face darkens and he is filled with inward grief! With shame does he hide himself from his people because of the bad news he has had! Shall he retain her on (sufferance) and contempt, or bury her in the dust? Ah! What an evil (choice) they decide on? (Qur'an 16: 58-59). Far from saving the girl's life so that she may later suffer injustice and inequality, Islam requires kind and just treatment for her. Among the sayings of Prophet Muhammad (P.) in this regard are the following: Whosoever has a daughter and he does not bury her alive, does not insult her, and does not favor his son over her; God will enter him into Paradise. (Ibn Hanbal, No. 1957). Whosoever supports two daughters till they mature, he and I will come in the day of judgment as this (and he pointed with his two fingers held together).
b) As a wife:
The Qur'an clearly indicates that marriage is sharing between the two halves of the society, and that its objectives, beside perpetuating human life, are emotional well-being and spiritual harmony. Its bases are love and mercy. Among the most impressive verses in the Qur'an about marriage is the following. "And among His signs is this: That He created mates for you from yourselves that you may find rest, peace of mind in them, and He ordained between you love and mercy. Lo, herein indeed are signs for people who reflect." (Qur'an 30:2 1). According to Islamic Law, women cannot be forced to marry anyone without their consent. Ibn Abbas reported that a girl came to the Messenger of God, Muhammad (P.), and she reported that her father had forced her to marry without her consent. The Messenger of God gave her the choice . . . (between accepting the marriage or invalidating it). (Ibn Hanbal No. 2469). In another version, the girl said: "Actually I accept this marriage but I wanted to let women know that parents have no right (to force a husband on them)" (Ibn Maja, No. 1873). The Qur'an thus states: "And they (women) have rights similar to those (of men) over them, and men are a degree above them." (Qur'an 2:228). Such degree is Quiwama (maintenance and protection). This refers to that natural difference between the sexes which entitles the weaker sex to protection. It implies no superiority or advantage before the law. Yet, man's role of leadership in relation to his family does not mean the husband's dictatorship over his wife. Islam emphasizes the importance of taking counsel and mutual agreement in family decisions. The Qur'an gives us an example: The Qur'an states: "...But consort with them in kindness, for if you hate them it may happen that you hate a thing wherein God has placed much good." (Qur'an 4: l9). Prophet Muhammad. (P) said: The best of you is the best to his family and I am the best among you to my family. The most perfect believers are the best in conduct and best of you are those who are best to their wives. (Ibn-Hanbal, No. 7396)
c) As a mother:
Islam considered kindness to parents next to the worship of God. "And we have enjoined upon man (to be good) to his parents: His mother bears him in weakness upon weakness..." (Qur'an 31:14) (See also Qur'an 46:15, 29:8). Moreover, the Qur'an has a special recommendation for the good treatment of mothers: "Your Lord has decreed that you worship none save Him, and that you be kind to your parents. . ." (Qur'an 17:23). A man came to Prophet Muhammad (P) asking: O Messenger of God, who among the people is the most worthy of my good company? The Prophet (P) said, Your mother. The man said then who else: The Prophet (P) said, Your mother. The man asked, Then who else? Only then did the Prophet (P) say, Your father. (Al-Bukhari and Muslim). A famous saying of The Prophet is "Paradise is at the feet of mothers." (In Al'Nisa'I, Ibn Majah, Ahmad). "It is the generous (in character) who is good to women, and it is the wicked who insults them."
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