What a hype in this article for a famous dakoo? Man Singhs, Veerappans were better. At least we knew what they were! Here these neatly and nicely dressed and PC talking dakoos are more dangerous!
It is obnoxious to see a Headline that reads "Chidambaram Banks on His Success as FM".
As Finance Minister he did not reduce the Income Tax Rate to the salaried even when the Rates of Commodities and Cost of Living increased 3 time since 2004 to 2009. The House Rent in 2004 which was Rs.5000 has now increased to Rs.20000 in Metros. Still there was no relief.
PC wanted to check all the expenses of salaried class instead of giving IT relief.
While he reduced the Exise Duty on Cars, the ED on bicycles continues to exist! Why? Even when Nuclear Deal was being signed - I had blogged many years back on this - PC did not reduce the ED on CFL lamps which saves energy.
PC should not escape the wrath of the Salaried and the Middle Class. Probably that is why he still continues to contest in Sivaganga constituency where there are no salaried class people. And the villages are occupied by old and frail people who are very poor...just passing their days praying God.
The whole world knows that Karunanidhi does not pay Income Tax or pays just few hundreds. What did our great FM do?
The whole world knows that politicians spend at least 10 Crores on MP Elections per constituency. Why is he not tracking that?
There were hush hush talks of his Congress Party offering few hundred crores to actor Vijaykanth to strike a seat adjustment deal in this ongoing elections.
Will you believe that PC kadaan's net worth is just about Indian Rupees 17 Crores - as he has declared?
Even small mom and pop shop owners in the US oppose Wal-Marts and other retail giants. They squeeze the farmers, employees and drive small shop owners out of business with monopoly practices. Now our FM, PM and other foreign financial institutions and MNCs agents are permitting the retails giants like Reliance, Wal-Marts (through backdoor) and more in the name of attracting FDI. This measure alone will throw out more than 20 million shop owners and others out of jobs in long terms. FM was director of 22 companies including foreign ones before becoming aam admi UPA FM. Now do not be surprised if he, other economists and babus all become directors of the retail giants. Attracting FDI and creating jobs! By the by, jobs for whom?
This whole UPA govt is one of the most corrupt one till now and all their numbers are pure bogus. It has many ministers, who are fit to be in jails. One case. Chidambaram is a well known dacoit. He would have been in jail long time back, if we had functional judiciary. He is notorious for looting banks. He and TN Congress strongman Moopanar looted Indian Bank. The biggest defaulter was East-West Airlines, connected to Dawood Ibrahim! This time. The same bank looting expert is the Chairman of another famous and efficient bank, Canara Bank. Its logo served the bank well for more than 100 years, before these looters were born. Now these looters are spending 800 crores for changing the logo. Contract (highly sophisticated contracting system) to changing logo: Chidambaram’s son. Bank employees union is sitting quiet, as they are mostly communist controlled. Their friends and other Congress mafia leaders will loot this famous bank bare la Indian Bank style!
If I buy rea for my employees, I have to pay a tax on that..The evil called Fringe Benefit Tax is the brain child of PC to burden the poor business man who is barely managing to stay afloat in these testing times.
When globally, banks were lowering interest trates, PC asked banks to increase lending rates and deliberately or foolishly created the liquidity crisis in India
Due to import of casino capitalism by going for great liberalization, globalization, privatization and sell off piece by piece to US and other Western nations (banking, insurance and some more critical sectors), just watch for free fall of economy! So we got: if we can’t manufacture competitively goods, import it and export what you can! We are going to have the domino effect. Our current deficits are to the levels of 1991. In private sector, especially in banking, manufacturing, IT, textiles and some export sectors are hurt badly! First it was exchange rate. In one year, dollar which was around Rs. 48 appreciated to Rs. 36.00 or so. Here again remember China depreciated its currency against dollar. This has hurt our internal manufacturing industries and export sector. In one stroke, in the textile sector, major Indian textile export centre Tirupur in TN became half empty. Now it is orders! Order is very weak because export markets in the US, UK, Europe are weak!
Due to import of casino capitalism by going for great liberalization, globalization, privatization and sell off piece by piece to US and other Western nations (banking, insurance and some more critical sectors), just watch for free fall of economy! So we got: if we can’t manufacture competitively goods, import it and export what you can! We are going to have the domino effect. Our current deficits are to the levels of 1991. In private sector, especially in banking, manufacturing, IT, textiles and some export sectors are hurt badly! First it was exchange rate. In one year, dollar which was around Rs. 48 appreciated to Rs. 36.00 or so. Here again remember China depreciated its currency against dollar. This has hurt our internal manufacturing industries and export sector. In one stroke, in the textile sector, major Indian textile export centre Tirupur in TN became half empty. Now it is orders! Order is very weak because export markets in the US, UK, Europe are weak!
PC greatest sucess as a FM in Indian history is,As generally we know that when inflation rate goes down ,we expect that now the price of some food commodity will decrease but as a FM PC has proved that the price of the food commodities also can increase when inflation rate goes down.Is this bullshit FM.
