For one, our economy is not as robust as the US, and our markets not as developed. Which means that we are vulnerable to financial crisis and will err on the conservative side.
My take on domestic commodities is that unless there is a fundamental change on the supply side, it might be premature to expose it to laissez faire policy. Spiralling inflation will almost surely result (and indeed does).
On access to foreign commodity markets: I tend to agree with the government(!) The current system has enough loopholes for money laundering. With a quorum of (large) vested interests, it could even tilt financial stability altogether. All it takes is a bear run.
Although you are quite right about the common investor being stifled: no real debt markets, a real estate bubble, and dicey looking equity markets which do not seem to be based on fundamentals.
But you make a fair point: we should persevere towards less regulation and a move towards perfect markets. It seems a fair goal for the long term (when we are all dead).
The article started off on the lines of "Regulations" then it seemed like you were harping on investments. I do get the overall theme that Indian regulations are not pragmatic and strategic but I would use more than one area (in your case investments) to buttress my point. Not every regulation in India is bad. Things overall are improving. I am currently in the U.S and I can tell you that there are tons of regulations here as well. But the truth is, if I find any regulation offensive or harmful to the interest of the comman man, I can call or e-mail the legislator. The truth is we are the people who elected the law makers of our country. Let's change our apathy first. We need to be strategic and not look at short term interests.
Avinash, I request you to tone down your acidic language. There are decent ways to speak your voice. From your article, it looks like you are apitting your spleen out only for one reason that one particular kind of investment is not allowed. Please inform, what does your database show will be income by the people, who read your article, if they invest in your suggested opportunities. Your article instead of generating a sympathy for your cause, on the contrary generates displeasure with your opinion. Your single point agenda can not be a cause enough for cursing the policies. Tomorrow a ticketless travellers that way can also write that he/she does not have money and policies do not allow him/her - a poor person to travel. Act like a mayured man - Avinash
RE:Avinash Rheja Commdity and Forex Article
by Celine on May 16, 2007 07:13 AM
Dude,
Truth is acidic. Accept it, rather than avoid it or pretend it is not true. Your points are too skewed up. I don't blame you either, for every every one individual who lights a torch of information and reality there has to be 10 wet blankets like you. Avinash excellent piece of information.
RE:Avinash Rheja Commdity and Forex Article
by manish varma on May 16, 2007 08:59 AM
Celine - Sorry, you did not get the point. Avinash is simply spitting his spleen, becasue the product that he is selling is not approved by India. I ethically find this wrong to use such acidic language to go to public. There are decent ways of lobbying, but playing with the sentiments of people is ethically bad. Now, have you understood the scheme, are u in a position to invest in financial scheme of Avinash? And even if anyone does, can he guarantee that money will gorw only? and there can not be a loss? So, it is investment options he is trying to sell? Does India develop only with one kind of Investment options? Celine - Understand this game of arousing the sentiments by people like Avinash. I have ten grudges right from bad roads to bad infrastructure, but Avinash' points are for his sales og his financial schemes only.
The issue that this article brought about is the rights of indians to trade in commodities and other products and thus make his investment work harder. All it takes is one professor(??) and the whole discussion takes a tangential direction and the issue becomes one of corruption, inefficient bureucrats, police, judiciary. This is the bane of India. We never focus our energies on the issue at hand.[ In this case, we are supposed to discuss investment opprtunities]. We should not blame others.
RE:Brahmin-dominated IT companies
by Anand sodo on May 16, 2007 12:24 AM
I add that this (That you have written about ambedkar having said about destroying Hinduism...)is the "POISON" inside your own SELF and all you can do is DESTROY your own SELF and your search has proved it to ypu but yet you need scapegoats
RE:RE:RE:Brahmin-dominated IT companies
by Bhupinder Singh on May 16, 2007 06:48 AM
this is free world, darwin theory , if you want to excel in world,you are win and fight with new atom bomb,,, new technique,, changing faith, religion caste dnot give anythi;ng in long turn ,there are million of people like same who are doing the same think for the same way and for the same motto,,
RE:RE:Brahmin-dominated IT companies
by rumba cardi on May 16, 2007 08:48 AM
If A is removed from word dAlit than it becomes D Lit & D lit you all aware are learned man , So Please remove A=ambedkar you will discover youself
RE:Brahmin-dominated IT companies
by Anand sodo on May 16, 2007 12:11 AM
It is you (Dalits) who do not want to learn english and it is again you(a dalit) who tried to locate another english speaking dalit, but in vain. If you/your relative could learn english what stops the other dalits? It is basically our mind set that is corrupt and we frantically search for scape goats - what better way than to devide "dalits and hindus", "rural and urban", "poor and rich" Why complain and curse others or any religion for your own mental stigma - Just come out of your stigma - the war is not "with" others but "within" ourselves - It takes time to understand the truth
in the name of educating & making people ask questions on Commodity regulation & further liberalization this guy Avinash Raheja is just trying to fulfill His own agenda !!!!! How does Rediff allow such betrayal of people's trust on it..Offlate Rediff has become an Advertsing Platform for people to sell their own wares, own views & push them in the name of educating others or good debates !!!!! Rediff should be ashamed of its Role unless you take fees from such Thug authors who present only one side of the picture
I am in Commodities with a good understanding of the market & having known these kind of new players like Commtrendz, yet I fully support what the Regulators are doing & the reason for that YOU MUST READ PROF R.K. GUPTA'S REJOINDER BELOW !!! Indians perpetrate corruption & dishonesty in everything they do along with a dysfunctional judicial system, so there is NEVER ANY punishment for any fiancial crime, misappropriation etc, so if certain checks are being put in place still it should be lauded since the systems are ready to allow Indians to do many things
& Dear Avinash Raheja, NO INVESTOR MAKES money in COMMODITIES !!!!....LET PEOPLE GET INTO INVESTING FIRST rather than Trading in Commodities !!! Only rogue, slimy, shrewd characters make money in commodities & its only the BROKER WHO MAKES MONEY IN COMMODITIES - REDIFF SHOULD KNOW THAT COMMTRENDZ IS A BROKER - HOW CAN YOU ALLOW BROKERS TO PUBLISH THEIR VIEWS IN FORUM !!! In Commodities its HUGE daily Trading Churn played with Margins which means the Brokers make money & they push for continous churn; 90% of the Traders also don't make money, they always cut losses only & ITS NOT FOR INVESTORS....The Country if any needs to develop an INVESTMENT CULTURE & NOT A TRADING CULTURE !!!!!!
REDIFF SHOULD BE ASHAMED FOR PUBLISHING THIS ARTICLE OF AVINASH RAHEJA
Avinash, First para of your article is absolutely rubbish and after reading it i lost the urge to read your complete article. It is high time we wake up to reality and stop being hypocrite and self boasters.We need to check whether people in outside world really like us. I have lived in plenty of countries and my experience says that we are deemed as dump yard of the world with too many people all over the place.I know that this reply of mine would hurt many people because it is really hard to accept the facts.Anyway I am going to read your full article now.Thanks and cheers
