Indianomics!

If this had happened, the petrol price would have set us back by INR 90 for a liter when the crude oil touched $150 per barrel.

In India, Petrol and Diesel prices are subsidized so that common man can affort it. But a free market will mean boom for petrol companies than for the Common man. With food prices already sky high, this would add much to the misery of a Common man. He would have more burden to share and more hours to put at his work.

Issues with the Common Man

1. Poor Salary rise in the wake of recent recession
2. Hikes ranging from 4% of CTC to just 5% of Basic salary component.
3. Saving rate down by 23% (an estimate based on my own calculations)
4. Prices of Essential commodities have increased
5. Food prices increased; sugar, toor dal etc. heavily affected
6. Job security issues
7. Limited spending – which in turn effects the overall economy.

All this is just a small snippet of what could be a much more worse scenario. Why the sudden price hike is being debated madly between the names that be, but over all scenario has put all the politicians to blame.

Its been circulated in the internet media that politicians are using this price manipulation technique to fill up their coffers and  also to ensure their votebank also stays loyal.

Well, this isnt what the Noble prize committee saying… but our own Environment Minister Mr. Jairam Ramesh’s words.

He is right when he says that our municipality do not have proper mechanism for cleaning the garbage left behind by the citizens. Now how does that explain the efficiency?

I have a slightly different opinion on this.

Its people should also contribute by following proper disposal ways. Indians have a habit of taking things for granted. We all do throw things out in open and then we claim that the municipality isn’t doing its work. Secondly, there is no one who will stand infront of the municipality and question their work.

The babus have so much become accustomed with taking bribes, that for everything, they need something. Without which, your work request will keep lagging. I have heard so many stories, which makes me not to even approach anyone.

This is a topic that is often discussed and its of national importance. But I dont see a reason why Pakistan is acting crazy? Its not undertaking trails of those accused of the 26/11 attacks and is still waiting for evidence from the Indian Government. Is Pakistan’s national leaders not competent enough to lead the nation? These all are the questions that needs to addressed by the Global powers. The US gives millions of dollars as aid for what? To give Pakistan a chance to update its Nuclear power. Or is the US is really acting stupid along with Pakistan and fooling around about their honey moon. India is emerging as a Global Super Power and may be that is where the Americans are finding it difficult to come to terms. Hope it comes, may be in S

Now that every one knows what happened yesterday all of you people will be guessing what will happen to Sensex, the benchmark index. If you do not know; the Great Indian Elections that were held in four phases last month where the United Progressive Alliance, led by Congress won with majority defeating BJP and others who posed a threat on them.

Given that Dalal street has a soft corner for Congress and vice – versa, the Sensex will gain more. From my earlier prediction, I said that Sensex will gain up to 15,000 levels by the end of the June. However looking at the volatility in the market, I will revise it to a more modest 13,800 levels. But I would also like to maintain that Sensex may cross the 14,200 mark and may even go up to 15,000 levels.

The Great Indian Elections, 2009 in a nut shell…

Sorry for not writing for a week. I was so tensed about what out come would be today that I missed my dinner yesterday. Of course, I am kidding.

Well, its now out that Manmohan will extend his term as the Prime Minister of India. The UPA has emerged victorious as it was predicted.

BJP called a press meet and announced that they take this loss and voved to come back next time. BJP is now geared to take up the seat of opposition.

The Left was left Red faced after seeing the results. So much so that, they need more time to think and come up with a reason for their failure.

The fourth front lived up to their name… stood forth.

The final numbers stands as follows.