Jagan as CM of Andhra Pradesh?

On what basis is Jagan qualified to be Chief Minister? The current mess in Andhra Pradesh congress is the creation of YSR. He made sure that no one gets elected to Assembly on congress ticket who can challenge him.  He carefully selected toothless leaders and also gave them free rein to loot the state. He implemented schemes for poor only with the tax payers money, but didn’t work hard to increase the tax revenue of the state to help sustain the social schemes he introduced.

All the Ministers and MLAs who are rallying for his candidature should bow their heads in shame for the utter irresponsible behavior. This display of immaturity is only going to hurt congress in future.

Challenge to Jagan:  Accept Presidentship of Andhra Pradesh congress unit and ride it through next assembly elections. Show us your maturity, leadership qualities and above all management skills. Running a newspaper with tax payers money is not business acumen.

Your silence on this issue is mischievous at best and sinister.

God save telugu people from rudderless congress party.

Filed under: Finance India, India blogs, Indian Bloggers, india wired , A.P, Andhra, Andhra Pradesh, AP, jagan, jagan as CM, Jagan as CM campaign, YSR

Chandrayaan-I mission failure and ISRO’s bad attitude

It is quiet unusual for a premier organization like ISRO to speak like an immature kid when faced with a failure. Rather than admit it on the face and ask for an apology from taxpayers, the chairperson went on saying the following which reflects very poorly on his professional ethics and work attitude.

1. Even though Chadrayaan – I died a premature death, we achieved 95% of the goals.
2. US and Europe were also satisfied with the results.

To Honorable chairperson of ISRO : If you have achieved 95% of the goals within few months of launch, why did you plan for 2 year research programe with Chadrayaan – I? Why waste taxpayers money? Why do you need a certificate from US and Europe to pat on your back?
In all this failure, where did you speak to the tax payers on Chandrayaan’s mission?

You have not taken us into confidence in your mission and are now seeking refuge by making stupid statements. Come out clean and boldly accept that its was an error on your teams part and go on with Chandrayaan – II. Moon mission is not new and there is no rocket science in it. US, RUSSIA have accomplished them years ago and you can collaborate with them to reduce failure rate. The recent failure which is related to estimating moon’s temperature is trivial and this doesn’t bode well or instill confidence in us about your future endeavors.

Filed under: Finance India, India blogs, Indian Bloggers, india wired , chandrayaan, chandrayaan - I, chandrayaan - II, ISRO, Madhavan, Moon's temperature, raising moon's orbit

True colors of Advani are slowly cropping up

Advani (yes, i deliberately omitted ‘ji’) is not only opportunistic (recollect the indo-US civil nuclear deal),  very weak (remember Jinnah comments and return from Pakistan), but is also a liar.

He brazenly lied twice and in Jaswanth Singh’s own words, he completely knew of flying terrorists to Kandahar and also he is the one who stopped action against murderer modi.

To protect Party, Advani has undermined the country and its secular credentials. Rightly and justifiably people rejected the BJP party.

Jaswanth Singh: Thanks for revealing the facts, but why did you keep silient all these years? You would have still covered up these things for Adavni and may even have witnessed this Lal Salaam Advani (remeber Advani took the side of CPI & CPM during no trust motion against UPA w.r.t Indo-US civil nuclear deal. That is why i call him Lal Salaam Advani)) taking oath has PM, had BJP won elections. So, what should we call you?

–sri

Filed under: Finance India, India blogs, Indian Bloggers, india wired , Advani, gujarat carnage 2002, jaswanth, jaswanth singh, kandahar, lal salaam advani, modi

Fraud by ICMR officials unearthed by Hindustan Times

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 alleged to have committed fraud missusing our tax money according to HT.

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 if true.
We need to highlight this alleged fraud to the fullest extent and get to the bottom of this issue.

icmr site: http://icmr.nic.in

Thanks
sri

Filed under: Finance India, ICMR Fraud, India blogs, Indian Bloggers, india wired , Dr RK Srivastava, Dr VM Katoch, ICMR, director general of health services, ministry of health and family welfare, highest medical research body

What were you thinking Mr Pranab Mukherji?

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.

Filed under: Finance India, India blogs, india wired , sensex crash post july 2009 budget, pranab, mukherji, budget 2009 july

Many D-street experts are expressing negative sentiment post budget

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

Filed under: Finance India, India blogs, Indian Bloggers, india wired , sensex, UPA budget, July 6th budget, infra strocks, infrastructure stocks, infrastructure sector

Is China’s wealth just an illusion?

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

Filed under: Finance India, India blogs, Indian Bloggers, india wired , china, china rising, dollar, global reserve currency, SDR, yuan

Axiata mulling an open offer on Idea cellular

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.

Filed under: Finance India, Indian Bloggers, india wired , idea cellular, axiata, open offer idea cellular

Mumbai terror – deeper analysis

India was fully exposed with all its weaknesses before the entire world during the mumbai seige.
So, What went wrong? Almost everything went wrong. Only the spirit of Indians minus politicians, valour of NSG commandoes stood high like Mount everest.
It almost puts me to shame, if i hear the sentences ‘Emerging power – India’, ‘Supoer power – India’.

So, lets travel the path of terrorists and see and feel the sorry state of Indian state.
1) Terrorists kill 5 people on trawler and slit the last remaining person after sailing closer to the shore. Terrorists sailed in Arabian sea so long from Karachi to Mumbai undetected. Was our navvy sleeping? What happened to Taxpayers money that bought submarines, high end naval ships with cut-throat technologies? What happened to our medias screaming headlines ‘India a major naval power’?
Where were our sea petrolling guards?
2) Assuming these terrorists sailed through successfully, was there no immigration check at the port?
What a shame?
3) Ok, our tax money isn’t enough to cover our populist subsidy schemes. Agreed. So, our maritime infrastructure and immigration checking system is in shambles. But what happened to metal detectors at CST? Why there was no one at the place where metal detecting pass through units were placed?
4) Ok, our Lalu prasad yadav was amanaging our railway stations well and turned loss making railway ministry into money miniting printing press. How did he actually achieved this? Did he do cost cutting by removing all security systems or personnel to check the passengers in and out of the station? Or the employees were napping?
4) Taj hotel the icon of growing and emerging India.  Ratan tata has miserably failed to protect his great grand fathers hard work. If Taj hotel got destroyed then the responsibility lies with no one but him. I listened carefully to his interview on CNN with zakaria. He gave a losuy explanation of why he removed security just before the carnage. He said that the reason to remove the security was diminished threat of terrorism. Also, he defended shamelessly that the security was put in place on the front side of the hotel and not on the back side. So, according to his lousy defense, carnage in Taj couldn’t have been prevented because terrorists entered hotel from behind. So, my question. Why didn’t you put security checks at the back of the hotel? By your own submission, your security apparatus is inadequate. Running a 100 year old hotel is one thing and protecting it is another thing. You failed in protecting guests, property and investors money. You cheated the guests and investors alike with a false assurance of safety? Who will trust in your Taj hotel again?
5) Coming to our police force. Police spent all the money in upgrading their stations ans automobiles, but didn’t spend a penny in upgrading to the latest technologies as well as defensive/offensive equipments. Do they know anything about Taser guns? I bet they know John Abraham and his bike.
Our police constables looked like meek spectators and in some cases were running for their safety.
Why did slain ATS chief Hemant went to battle field? Why did he allow the TV coverage of his wearing jackets? Instead of coordinating the whole episode why did he run by himslef to the frontline?
6) NSG commandoes donot have latest gadgets for handling hostage situations. Our government may have  thought, why do these commandoes need them, when there is hardly one or 2 hostage situation in a year or 2.  They don’t have their own helicopters. What a joke.
7) coming to Political parties. BJP is smiling and shedding crocodile tears on mumbai terror. This saffron party is thinking voters will push BJP to victory because UPA failed in counter terrorism efforts. The root cause of all evils in India is BJP, RSS, VHP and bajarang dal. These saffron outfits demolished babri masjid, allowed the massacre of muslims in gujarat, attacked christians and even released dreaded terrorirts during kandahar plane hijacking episode.
BJP even took kargil to its face and allowed our parliament to be attacked. If BJP thinks that there credentials are stronger, then it is fooling itself. This time the anger in common people is against the enetire political calls. Its is not directed to this or that party. These good for nothing polticial leaders have Z security while common people suffere in routine terrorist attacks.
It would be good for NDA to join forces with UPA and form the consensus. Show to the world that political class is not divided, but united with a common response to the escalating war like situation between India and Pakistan.
Tada or POTA is not the response people are looking for. They need concrete evidence that things started to change. Counter terrorism efforts have miserably failed under UPA sarkar.
Forge cooperation between all state ATS agencies, IB, RAW. Provide adequate tools to our Police personnel. Reduce the subsidy burden and use the tax money to protect the Indians.
Protect our borders with strict immigration check at all entry points. Warn all Public and private companies to screen all employees before hiring. Warn all renters to screen all the occupants. Warn all hotels and tourism departments to implement strictest security measures all times.
Government should ensure that every citizen has an address along with ID card. This needs huge investments, but we need to accomplish this. Had we not spent money on pay commision hikes, farmer loan write offs, we could have that money today to do just that.
More updates soon.

Filed under: Finance India, India blogs, Indian Bloggers , ISI, JEM, LET, mumbai carnage, mumbai massacre, mumbai mayhem, mumbai terror, mumbai terror aftermath, mumbai terror counter terrorism failure, mumbai terror deep analysis, mumbai terror deeper analysis, mumbai terror what next, mumbai terror what went wrong, pakistan connection, pakistan link, pakistani connections, pakistani links

Condoleezza Rice visiting India on coming wednesday

It appears that India is adamant and is not in listening terms to the sage advise of US to calm down.
Bush also has said in a speech to chase the culprits and bring the to justice. Indian Prime Minister has also warned of a price the neighbours has to pay in case the evidence points to their soil being used for mumbai attack.

All the indicators are pointing to a major escalation in South Asian region. This time it may not be just a rhetoric of attack, but something more than that could happen. A surgical raid deep into Pakistan striking terrorist camps is not rules out either by India or US. This may happen even before Obama takes office and cahnge the war on terror strategy.

Pakistani civilian leadership is under extreme pressure from Military, ISI and public to react to Indian threats. However, civillian leadership is not in a position to deliver anything except manage the conflict in media.

Pakistan could be attacked and US & India are not believing any promise of civilian leadership as they are not in control of anything in Pakistan. Military and ISI will not budge to US threats to dismantle Terrorist camps, so a surgical raid inside Pakistan is possible by India or US or both.

Filed under: Finance India, India blogs, Indian Bloggers , attack on Pakistan, Condi's trip to India, Condoleezza Rice travelling to India, Condoleezza Rice's trip to India, ISI, LET, mumbai terror, pakistan