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Showing posts from August, 2011

Sahara India Fiance- RBI order

I am delighted to see RBI 's timely move in directing Sahara India Fiance to Refund the deposits accepted b y them. Time and again , innocent people out of lust got trapped in cunning moves of these Finance companies. They offer hefty commision, attractive ROI and finally lot of maoney collected and company vanishes or gets liquidated. Companies known for their reputation for quite long alos have cheated investors and robbed their hard earned savings including retirement benefit invested by senior citizens. The promoters divert funds and get scott free . Compny goes into bankruptsy,promoter becomes millionnaire. I strongly feel that - 1. NBFC or any company other than a banking company should not be allowed to accept deposits from ordinary Investors. 2. Promoters, Directors finances should be investigated and attached wherever share holder/depositors do not get their money from company 3. Every Large corporate is living on cheap funds from banks and OTS, Write off are common. Ban
Like India , US is also a democracy and it  follows that some evils of democracy , they are not immune from. The pressure from some strong politicians has probably tied the hands of chief of Federal Reserve. Other than  Stimulus and dollar weakening, there seems no options left for US at this jncture with heavy indebtedness.  Of course , Big lenders like china & Japan have no alternate securities available to substitute for U S treasury bonds and will continue to hold these stocks. Probaby , it is good for US to buy back long term debt . But will they do it is a billion dollar question. What does this mean to coutries like India? probaly positive. India growth story more or less intact , political situation improving as a result of awareness among citizens on intalerable level of Corruption and popular movments for cleaning the systems , will improve India's image  among the international community. This will naturally bring investment seeking Higher returns  into our Country.

Lokpal issue is sidelining basic issue of corruption & Bringing back black money ?

Dear Sir, There is heated debate and high decibal & emotional war going on about Annaji's fight against corruption. In the process of discussing who all shd come under Lokpal, are we losing the crux of the fight? That is , fighting corruption and bringing black money stashed in foreign banks into the country for the good of the country. We have enough institutions to fight any malady in the society. However , Rotting political situation has hijacked all this. It is known and believed by everyone that India is richest as far as balck money stashed abroad is concerned. Every one knows this is a criminal act and stabbing  mother India. Still Government is evading action on this by various delaying tactics. When  Hon Supreme court set the action  in motion , there also govt has filed petitions to stall the move to bring back black money. This makes people to suspect that the ruling party must be  leading  the list of black money owners in foreign/swiss banks. Names of these crimi

JOY and SMILE - Recipe for happiness and Success

You must cultivate the quality of always being joyful, with a smile on your face; this will give you a special virtue. People will also warm to you naturally and the Lord too will be joyful on seeing you. Therefore carry out your spiritual practices with innocence, purity, and humility. Once you do this you will be able to attain your heart’s desire without fail. Do not lose your temper or courage in any situation. Respect everyone, whatever be their status. You will then develop the quality of universal love (prema) and as a result, your spiritual practices will progress unhindered. - Dhyana Vahini, Ch 10: “Innocence, Purity and Humility”.