The list of a few Indians suddenly and rapidly becoming big and rich is no testimony to India's economic policy success. If these guys are getting rich , it is because they have been allowed a sequential shot of concessions since last 15 years. One after other. There is no regulation in country left any more. It is free for all. Loot and plunder. Prices have been rising @20% per annum and for property 80-100% per annum. This is sickening and illogical. But it is going. All these huge profits come from where?from citizens who are shareholders and customers both.For each of these listed guys getting stinking rich thousands are loosing money.Do we call this wealth generation?
RE:If they are getting richer others are loosing money
by yournutshell on Mar 07, 2008 03:14 AM
ok in that case stop buying things, stop using mobiles, tv etc. dont use internet as this belongs to Airtel etc. If you dont use the services availble in the market these guys wont get the money. no one is forcing you to use & pay for the commodities in the marke. you may go back to forest n stay
to be a reach frorm st earning is imposible in RELIENCE 25 people (contract labour lost life ) whii they get compansation ? answer no. even in tata at kadla KFTZ some same lost (contract ) their life. CADLA TOREENT reach 26 cr in 1979 to 2000 cr by looting people 800% profit is justifiable? every groging group noe run on (CONTRACT) enen NIRMA ....so on ....meghmani...pi...(ASHOK SINGLAWALA) ....al most all ....even relience both mukesh...as well...as anil.... they become a ring ONLY EXCUSIVE AFTER LOTTONG ...RANIBAXI..RAQDYY...EVER...
good to see hand sum of ppl having same view's as i have, abt the wealth of our country is not properly shared. few ppl have manipulated indias economic boom to have favored them which left many ppl die for food.
a country like india where we have more human resource we should make use of it to make our country wealthier rather then make some few billionaires.
nurture more local talents by creating more small n medium scale industries rather then few giant industries which also creates healthy competition for being more employee/ customer friendly, by which way we will have more selfmade billionaires rather than inherited ones which would defy only rich can becomes richer.
need to have more S.agri.z's than SEZ's.make a situation every citizen participate in the country's economic development rather than a small sector gets the benefit.finally all indians should have good standard of living than few billionaires making to top of the charts.
How there can be extraordinary profits except in imperfect markets. What is wealth and how it is created?Can there be huge profits in any industry and whether this should be allowed being undesirable? What is modus operandi of ambanis.'Topi Ghumao'.They would release one topi every 2 years.Every one knows that they have been earning from public exchequer more by manipualtions of customes and other taxes and finer points of calculation of duty than industry profits.Ofcourse they have set up many huge industries too but I doubt if they are creating as much wealth as being reported.It is all B-sheet adjustments and rotation of shareholders money taken from markets.If there were CCI as before the reliance power would have been allowed only 70-80 rupess per share selling price at the most.Even that I doubt.
Ambani's are given free hand by the successive govt:'s to loot the public by selling the Bses to them where the bills are coming double what is being charged by BEST.This primarly due to the fact they where not manufacturer of the electricity suppling directly to the public ,in turn they purchase from tata's mseb and other states keep thier exorbitant profit by selling the electricity to unorganised public at exorbitant manipulative rates and readings . same is the case with telecom services where they charge in addition to telephone charges they charges common man the voice useage charge which is unheard till they came in to the stage. It's high time some govt: who is not the front of ambani's rule us to save from the loot of the public un essential services at least. Now they are given contract in each every construction overlooking many well known authentic experienced entities who cannot afford to pay the cut to the awardies, which make them earn billions in profit at the cost of public and quality. IS INDIA ONLY FOR AMBANI'S AND THE LIKE, THERE SHOULD BE AN END TO LOOT BEFORE THE PEOPLE of INDIA AWAKENS.
