Dr VM Katoch, director-general of ICMR, and Dr RK Srivastava, director general of health services in the ministry of health and family welfare  and scores of other officials have committed fraud missusing our tax money.

Please follow up the link here

I would request my readers contact the authors and contributors of this report for further updates and also to congratulate them.
We need to highlight this fraud to the fullest extent so as to put pressure on the government to put these idiots Dr VM Katoch, Dr RK Srivastava and all those involved behind bars and collect all the money back.

Thanks

sri

You layout huge spending plan for Aam Aadmi without clear direction on sources of funding. You raised MAT which will affect infrastructure companies by drastically affecting their ability to raise funds for projects and or attract banks to lend them.

Your budget left us gasping with more questions than answers.
With the available info, it leads us to believe that you will suck up all the available liquidity from markets for your Aam Aadmi schemes leaving private sector (specifically infra stocks) with less credit to borrow from markets and at the same higher taxes.

I don’t understand how you are going to increase rural employment without private sector participation. I am guessing that you will end up creating huge unemployment in urban areas by weakening private sector.

Let us see what is in store for us.
–sri

Everybody is going to watch Pranab’s Union budget this Monday (July 6th, 2009). In my opinion, stock markets will ignore the defict concerns and most likely look for growth oriented policy changes.

This budget might remind us the former Prime Minister Narsimha Rao’s opening up our economy 20 years ago when Manmohan Signh was finance minister.

Expectations are that this budget is going to chart a high growth path for India.  Mamohan Singh enjoys full support and doesn’t have any stumbling blocks like Left parties.

–sri

Most of the so called analysts who are predicting blood bath on sensex post budget are in reality technical experts. Some of them are paid bashers who missed the boat post election rally. Most of the Mutual Funds have suffered huge losses as they were sitting in cash or have shorted stocks pre election. Now they are biting nails as they are undecided as to enter the market or continue to sit on cash.

Election victory of UPA of such magnitude was unthinkable and sensex reacted in the same token. Now so called experts are doing the same mistake by looking at history, where stocks fell in a month after budget.

This coming budget is not and will not be a routine budget. UPA is set out to prove and show something this time around. They know one thing that investors are looking for massive expenditure on infrastructure and India cannot take off without that. So massive reforms with regards to Infrastructure is given even at the expense of huge deficits.

I don’t see how UPA can miss this budget or let it go just like that without some huge surprises. I am 100% sure that stocks in infrastructure sector will rally huge post and pre budget as there is no other option.

There will be huge upside in earnings potential and hence the current valuations justify the future earnings. If experts are trying to apply fundamental analysis of these stocks based on past earnings then they are dead wrong.

Let us see what happens now. I am waiting for good monsoon in next 2-3 days.

–sri

The recent global economic collapse was mainly due    to the collapse of american economy and it turns out that the great american economy was just an illusion.  The American economy mainly maintained its status purely on the basis of it being global reserve currency. All assets around the world is traded in dollar and there were many happy buyers of dollars including China. This was fine until  America started printing dollars and all hell broke down.

One simple analysis  is: America printed dollars in one year, what China earned in last 5 years. This one thing should magnify the fact beyond any error that Dollar is just a tissue paper now.

Now comes the startling question, did china worked so hard all these years to just earn trillions of tissue paper?  They earned more dollars then OPEC countries. In the next global reorganization,  how much should be the weight of China and what determines its weight and power in global saying?

–sri

Pakistan army is obsessed with Eastern border, Taliban (Afghan as well as Pakistan taliban) are concentarting on the border with afghanistan with sparse attacks within Pakistan.  United states is presuurizing Pakistan army to move soldiers away from East and has convincpakistani leaders into this tsrategic move. However, Pakistan army is vary of such moves and is adamant in not giving up eastern deployement.

Recently we have been seeing reports that Taliban may creep into India and then this suicide attack in AJK. From various sources online, it is very apparent that Pakistan army and ISI are stage managing TTP to thwart amaerican pressure as well as milking the billions of dollars.

By letting TTP creep into AJK and create havoc their, Pakistan army will justify its army’s pressence on eastern border by fighting TTP on border with India. This serves  Pakistan army well by telling Americans that we need army deployement in east to check militants, but their main is to watch India.

If this is true, then Pakistan army is going to fall under its own feet. They may be laughing now by assuming that they are successfully fooling Americans and the world, but soon they will be unable to manage the militants and loose their own nation.

Thanks

sri

Idea may be in advanced stages to raise new funds for 3G auctions which will cause equity dillution. This will shrink Axiata’s share in Idea cellular post spice merger.  This fear may have caused Axiata to hike their share so that they can maintain their share. If Axiata went this route, we would have seen huge spike in idea shares and will potentially drive away the new investors.

Idea cellular management may have made a secret agreement with Axiata to calm down and may have promised them to allow them to maintain their 14.99% share via shareholder meeting this month.

Either way existing idea cellular shareholders should be ready to see a spike in the share price with the upcoming developments.

I am buying idea shares, if it moves down.

Thanks
sri

As per business-standard report, axiata is mulling an open offer to raise its stake to 40%.

http://www.business-standard.com/india/news/axiata-mulls-open-offer-to-raise-stake-in-idea/359395/

It appear that good days are here for long term idea cellular investors like me.
Jai ho to Idea cellular. I am guessing that the stock will shoot up to RS 100 on May 28th trading day.

BJP is still in denial. They still whole heartedly don’t admit that Indians have signed up for development and not for hindutva.

L.K advani’s utter lies on Kandahar episode,
L.K advani’s weaknes after return from Pakistan trip,

BJP’s shameless stand on US-India civil nuclear proliferation,
Modi’s Gujarat carnage,
Malegaon investigation,
Varun Gandhi’s extreme views,
Karnataka’s hindu unit’s attack on club goers
BJP’s stand on telengana, discarding public rejection of seperate statehood and pre-poll alliance with TRS, TDP

all went against BJP. All the above incidents affected and scared voters of all age groups and thus paved way for their demise.

BJP now faces an uphill task of winning over the masses as Congress seems to have learnt their lessons and will make sure that they do best on what they have already done so far.

BJP now needs to get rid of likes of Varuns and Modis and then erect a pro growth and moderate leadership who are free from the clutches of VHP, Bajarang dal and RSS.

Thanks
sri

Not much as of today, but if Praja Rajyam comes to power then RS 100 can buy you the following
25 kg of rice, one kg of edible oil, one kg of pulses, one kg of iodised salt and half kg of tamarind.
Not only this, girls will have free education from KG to PG.

Such populist schemes have only pushed Andhra Pradesh to bankruptcy before and Praja Rajyam is all set to keep it that way. The talk of CHANGE is is just a talk and when it comes to define the change or much less bring the change there is nothing on the ground.

Can anybody challenge this Mega star on his populist scheme ideas? Does he or his party’s would be finance minister comment on financing such a scheme?
Can any political leader talk about reducing the debt of state?
If Supreme Court allows negative voting, i would put a negative vote on all parties both at the state level and center.
Thanks

sri