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Andhramass
Bewarse Legend
Username: Andhramass
Post Number: 52087
Registered: 07-2006
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, September 25, 2012 - 9:55 pm: |
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Avinash:enduku theesakararu...monna vere db lo soosa. China lo tomato kilo 1 rupee anta...avanni mana meeda vadilaro mana farmers nethi meeda thadi gudde
thesukuvastharru anney kada cheppindii, as law they were allowed to source 30% of food from India.
anni dananallo Annadanam Minna lal salam
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Sachinfan
Celebrity Bewarse
Username: Sachinfan
Post Number: 33394
Registered: 10-2010
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, September 25, 2012 - 9:06 pm: |
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questions evaru adigaaru? answers evaru ichaaru??
Signature... inka edi decide kaaledu 
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Avinash
Pilla Bewarse
Username: Avinash
Post Number: 211
Registered: 06-2012
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, September 25, 2012 - 8:58 pm: |
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Andhramass:If they get cheaper food products from elsewhere, won't they bring them to Indian market,
enduku theesakararu...monna vere db lo soosa. China lo tomato kilo 1 rupee anta...avanni mana meeda vadilaro mana farmers nethi meeda thadi gudde |
Andhramass
Bewarse Legend
Username: Andhramass
Post Number: 52086
Registered: 07-2006
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, September 25, 2012 - 8:09 pm: |
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Ernst & Young said in a Sept. 14 report that India’s changes will “improve the supply chain infrastructure, regulate food inflation, secure remunerative prices for farmers and generate employment opportunities.”
anni dananallo Annadanam Minna lal salam
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Andhramass
Bewarse Legend
Username: Andhramass
Post Number: 52085
Registered: 07-2006
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, September 25, 2012 - 8:04 pm: |
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In fact, the US economy has become dependant on the stock market. When the stock market falls, the economy falls. Instead, you should follow the German model where pension funds are banked. The social security system of Germany is based on banking model and not on stock model while American social security model is based on equity model.
Germans seem to be far more successful because Germany is the only country that is running surplus budgets. It has also surplus trade balance. And, we are basically a bank based country. Only two per cent of the savings gets into the stock market. That is why the government is able to meet its deficits.
This year, we will be depositing Rs eight lakh crores (Rs 8 trillion) in the banking system and the government will be borrowing Rs six lakh crores (Rs 6 trillion). If the people put money in the stock market, the government will become insolvent in this country.
And, the prime minister of this country said four years ago, if I recollect, don't go to banks, go to the stock market. But the country didn't listen. Our culture is aligned to the banking system.
anni dananallo Annadanam Minna lal salam
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Andhramass
Bewarse Legend
Username: Andhramass
Post Number: 52084
Registered: 07-2006
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, September 25, 2012 - 8:03 pm: |
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What, according to you, are the reasons why the economy was under performing?
Problems are of five kinds according to me; that is, the balance sheet of the government, the balance sheet of the corporates, the balance sheet of the banks, the external balance sheet of India and the balance sheet of the households. The household balance sheet is fairly alright. Our corporate balance sheet is not poor. They are not running in huge losses.
The bank balance sheet is okay. It's the government balance sheet and the external balance sheet of India that are in problem. Why has the government balance sheet got into problem? The government gave encouragement to the industry in 2008 and 2009 by giving a lot of tax concessions to ride out of the so-called recession.
The amount of benefit was almost Rs 100,000 crores (Rs 1 trillion). The amount foregone by the government through concessions is over Rs 7 lakh crores (Rs 7 trillion).
anni dananallo Annadanam Minna lal salam
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Andhramass
Bewarse Legend
Username: Andhramass
Post Number: 52083
Registered: 07-2006
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, September 25, 2012 - 8:01 pm: |
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Will FDI in retail create a buoyancy in the Indian economy like the government expects?
I don't think so. It can only manage the sentiments. The idea of managing the economy through managing the sentiments is only a short term measure. The prime minister says 50 per cent of the FDI will go into developing the infrastructure. Do you expect them to do so when they are here to do business?
Why should they develop the infrastructure here? They may probably set up cold storages but why should they develop roads here? But basic infrastructure, you have to develop for them to put up their storage facilities. They may start the axillary infrastructure if you put up the main infrastructure. How foolish it is to expect them to develop infrastructure in the country! I don't know how it goes uncontested.
anni dananallo Annadanam Minna lal salam
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Andhramass
Bewarse Legend
Username: Andhramass
Post Number: 52082
Registered: 07-2006
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, September 25, 2012 - 8:00 pm: |
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Like the prime minister says, is FDI in retail and other sectors the answer to solve all these problems? When the government says FDI in retail can create millions of jobs, a study says even if it were to take 20 per cent of the retail market, eight million jobs will be lost.
If Walmart is killing three jobs to create two jobs in the US, the proportion cannot be more in India. It will kill more jobs in India. The very day India announced that FDI in retail would have no impact on small retailers, Atlantic City, the web cousin of Foreign Affairs magazine, carried a headline news that 'Radiating death - Walmart spells doom for small business.'
They have said that the closure rate of small shops near Walmart is 35-60 per cent. For every mile from the Walmart super markets, the closure rate is 15-20 per cent. It radiates this closure. At the same time, you are claiming that there will be more employment opportunities and small business will not be affected.
anni dananallo Annadanam Minna lal salam
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Andhramass
Bewarse Legend
Username: Andhramass
Post Number: 52081
Registered: 07-2006
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, September 25, 2012 - 7:59 pm: |
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What is the difference between what the big Indian retailers have been doing and what the MNCs will do?
There is a difference. Their pockets are not as deep as the foreign players. For example, players like Walmart can establish their malls everywhere without looking at profits for the next, say five years or 10 years. They can undersell and finish off all the local retailers. I don't think the Indian corporates can have this kind of an approach.
anni dananallo Annadanam Minna lal salam
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Andhramass
Bewarse Legend
Username: Andhramass
Post Number: 52080
Registered: 07-2006
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, September 25, 2012 - 7:58 pm: |
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What is the guarantee that they will outsource from Indian farmers, like the government expects? If they get cheaper food products from elsewhere, won't they bring them to Indian market, like you see Fiji and Californian apples even today in Indian market?
They can outsource 70 per cent of their products. Let us assume they pay a higher price here and lower price outside, they can make their margin. My worry is taking even five per cent food grains from the Indian rural market. If that is so, what will happen to the food security of those people?
Thirty-five crore small farmers and about 25 crore farm labour are dependant on what is produced in the rural market.
anni dananallo Annadanam Minna lal salam
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Archives - 2012