Inflation, Tax cuts, Decrements, Job cuts, Working hours increase etc etc to pathetic CITIZENS. But all mighty criminal politicians are become richer & richer thereby these inflations never affect them.
Once those who are earning 2.0 Lakh per annum are called as middle class, But nowadays one who earns 7.0 - 8.0 Lakhs per annum are called as middle class. Think about the poors... Can anyone buy BEANS at 40.00 Rs / Kg when they are earning just 150 Rs / Day.
These are the success of politicians, there is no out cry, there is no revolution, no body is ready to take the responsibility INCLUDING ME.
Until and unless all corruption & decayed politicians are looked into - I don't think the situation is going to change & no doubt inflation may sour to 18% also.
RE:Food price increase
by Indian on Jun 12, 2008 02:58 PM
those bloooooddddiiies old people sitting on the coveted place to make decision...They can't think atall..They don't have energy, they are not creative..their analysis and problem solving skills endup immediately after joining IAS posting.... I just want to know if we lose our jobs do they be worried or think...I don't think so.... All these policy makers must be hanged in china..as they are good in burning people...
RE:Food price increase
by amit jain on Jun 12, 2008 08:01 PM
China is a great country, they way they shoot criminals in open grounds with full audience like a football match is something India should follow. This will curtail crime tremendously.
RE:Food price increase
by engineered solutions on Jun 14, 2008 11:37 PM
well said all our babus and politicians should be sent to china for this purpose only.
Historically, people used to save money and once they had saved enough, they coughed it all up to buy a house. That would happen towards the end of this person's life and it was only the next generation that got got to stay free in the house. If a son revolted and was kicked out of the house, his first worry would be to find a shelter. Then came the banks with the easy EMI option who told this son to go ahead and revolt as they would help him buy a house. More and more families went nuclear and demand for housing went up manifold.
Today the scenario is entirely different. More families have broken up, number of houses needed by Indians has grown by 12 times, cities have got congested and distances have become longer.
To make the situation worse, real estate prices seem to increase every 6 hours. To make it still worse, the EMI gets more expensive and you only stretch yourself more.
I guess it's the banks and the builders who make the money. We end up paying twice the price of the house - even if we pay it over 20 years, we do pay it and we do not get an ROI on this investment.
Obviously, people should annd will do what they feel is best for them... but copying American culture of 'Living on Credit' is hurting and will continue to hurt Indians very badly.
RE:Future could be lot more difficult
by Vijay on Jun 12, 2008 03:13 PM
Come to think of it, you are right Punepro. The situation gets worse when a man finds it tough and the wife has to work to support the expenses. I am not talking of those women who are career driven but those many others who need to do it for the sake of family. The children are left either in a creche or with a maid. The kids grow up without the parents around and that's not very healthy for them. It's indeed very sad how the concept of housing has come to haunt the country. Unfortunately, we don't even understand the gravity of the problem. We are driven by our mad desire to 'own' as house as if that's the only purpose of life.
RE:Future could be lot more difficult
by BrotherhoodofNod on Jun 12, 2008 04:42 PM
good point vijay.. bt u see ppl believe that if u own a house ur secure for the rest of ur life.. and thats y everyone wants a house..
RE:Future could be lot more difficult
by Jayaprakash Balan on Jun 12, 2008 02:33 PM
Appreciate your understanding and views on the trap a common man is put in. I fully agree with your views.
I would like to say that the economic policies in India are not helping the common man. They are intended only for the big shots and hoarders. Can there be one example where a common man gets the benefit of any scheme organised in a grand manner by the Governments concerned? The distribution is very weak in our country. I also feel that our country is only talking of benefits to common man but action is much wanted.
A very childish and iresponsible way of explaining financial working of the banks. Look at the statements 1.banks also borrow money from the bank of banks, the Reserve Bank of India. 2.This interest rate that banks pay to the RBI is called as the repo rate in banking parlance. Hope the author clearly defines the REPO rate. What about thing called interbank interest rate.
RE:Borrowing by banks
by raheem vaheed on Jun 12, 2008 06:18 PM
Vijay, what a fool you are ! Firstly, do you understand english vocabulary well? Secondly, do you have any knowledge of Finance? Don't just mouth words that sound fanciful....understand the context.
If you want definitions of Interbank Interest Rate, I wouldn't be surprised if you ask about PLR, sub PLR, CRR etc.....at this rate, this article could well end up being a voluminous financial manual and no one would have/find time to read it !
government and RBI ...you both go to hell my home loan EMI will increase then tera baap pay karega..Already we are paying too high...Why don't ask banks not to increase interest rate to existing customers....
RE:government and RBI ...go to hell my home loan EMI will increase then tera baap pay karega..
by Indian on Jun 12, 2008 02:03 PM
I'm so fedup with you government and all your institutes that if some enemy attack us..I don't know I can fight for you...we'll be slave no..not a problem..currently we are not in better situation.... He GOD ...Dharti kyo nahi phat jaati hai ..
RE:government and RBI ...go to hell my home loan EMI will increase then tera baap pay karega..
by Kakali Chatterjee on Jun 12, 2008 02:32 PM
I fully agree with you.There should not be an increase in the interest rate for existing customers.We r already paying most of our earnings for this.
