Why do we(Indian Govt) tax 100-200% on imported cars? To protect Indian Car companies. right? The Honda Car which is worth around 20,000 in US costs 40,000 in India. Insane.
Then what is wrong in US protecting their jobs when these companies are bailed out using Tax payer's money.
Re: Protectionism?
by pratap tiwary on Mar 07, 2009 09:12 PM
This is known as twisting the facts. India imposes import duty on foreign made cars but they are open to come to India and work with an Indian subsidiary to roll out their cars. And high import duties is only on luxury items, which is in lines with Govt tax policy else where. I agree with the US policy of punitive taxes on companies which are taking the bailout money from Govt. They should first work on generating jobs for Americans, but imposing a blanket ban on H1B program will cause them more loss than good. Indians and Chinese are the hardest working people in software companies in US for much less salary. I dont call it a loophole in the US law, just like we buy swiss watches because they are the best, they use Indian and Chinese workforce because they give the highest return for money.
Great Finance minister for whom the "All options open " theme saved his day will find that now all options are closed here.He is not dealing with public but with tough policies. We need to learn to twist the policies to ur advantage.We hae 100 of billions of business.If Inda does rear out of it cool slumber and wake up with some aggresive policies will be left in the cold water.Its not teh politician that loose because they always have their seat and does not care what outsourcing does.It will be new politic platform for them.More the unemployed better for them.
We the people of India need to see better options and strenthen the Software and improve the our quality which will bring us to the forefront of the world in terms of delivering what it takes.
Further our plicy maker need to for godsaae make a good plan and not depend on the other nations as they have all let sus down in our need of the hour.
We need to have our Indianisation of the economy .
We need people to take this oppurtunity and make India the best plae and envy of the world.
Re: All otions closed man
by Purple Finch on Mar 07, 2009 09:08 PM
He cannot find enough time to make policies,decisions after all his responsibilities- grooming the prince, bailing out the FAMILY, issuing bulletless shots at Pakistan, taking care of the welfare of the (votebank) Bangla illegals, making Azhar find a foot in Congress power lobby and so on... it is a tough job.
Re: All otions closed man
by Purple Finch on Mar 07, 2009 09:09 PM
I'd like my fatherland to be the envy of the world, but I won't keep any hopes.. It is utter chaos,plundering and killing and dynastic rule in every inch of that land now. Weeep!!!!!
Indians carry lot of socialistic dogma hence people who r remotely connected to US also rejoiced about Obama getting into White house. But reality his policies even before elections were detrimental to indian interests. If one goes only by action it is republican who deleivered positive to india.
At least indian will realize this now. Also democrats known for dragging things to very long periods make things more worse.
Re: Obama is no friend of India !
by common sense on Mar 07, 2009 05:05 PM
you are absolutely right. Many Indians were too quick in condemning Bush for everything. Pay back time for Indians. There were poojas conducted in India for Obama's victory.
Re: Re: Obama is no friend of India !
by Calspadeaspade on Mar 07, 2009 06:22 PM
It does not really matter who comes. India has to take care of itself. Every country will do what is best for her. Right now American jobs need to be saved. massive outsorcing was due to big mediacl burden the corporations had to bear. So there are enough skilled people in the US for these jobs. India has to face the reality that outsourcing can not go on for ever.
Well if the states moves in the direction of protection through limiting outsourcing then even India can reply to it strategically. Just impose tax conditions that make US companies run out of business. India could amend its clause, say to retain 100% profits on sales by a foreign firm (outside IT) in India maybe for 10-15 years. This will certainly effect foreign firms and the GNP of countries therefore, the countries wil start thinking ways outside protectionism.Also, this will give a boost to the local industry. When nobody is bothering about WTO, why should we? In the mean time India should encourage local companies so that once out of recession they are more competitive and efficient due to their experience in the rough weather.
A little over 200 years ago, just before the Brits took over,India contributed more than 30% to the world trade
A large commercialized sector with a highly sophisticated market and credit structure, manned by a skilful and in many instances very wealthy commercial class including marwaris , gujratis and parsis"
this was the origin of the much-used term "the riches of the Indies". Of course, it was these same riches which led Columbus (and others) to seek a sea route to Asia
hindoo India was the richest country in the world till 1757, the Battle of Plassey , at the begining of the british rule .
It was also the creator of more intellectual property than any other civilization. The muzlims destroyed a lot of it. But the Christians stole all the wealth.
The british sucked out the wealth from india and left it miserably poor .
The western domination of the world is just 200 years old and is on a decline..
hindoos have been around for more then 5000 years ..
western domination will be known as a blip in history , albiet, one filled with "human explotiation" , world wars and mindless development,
all of which brought the earth to its brink of destruction..
Re: THE FALL OF THE WESTERN WORLD..
by ManPasand Singh on Mar 07, 2009 04:34 PM
Indian IT vendors are to be blamed themselves for their slave mentality. They are not smart as they saying , but their stupids. They have created thousands of slaves and damaged the creativity of our people.
Re: THE FALL OF THE WESTERN WORLD..
by rajesh on Mar 07, 2009 03:55 PM
In the name of modernization the west has ruined the earth and brought so much miseries to the civilization in just under a couple of centuries.
Re: Re: THE FALL OF THE WESTERN WORLD..
by rajesh on Mar 07, 2009 03:57 PM
Pushakr, if we refuse to look at our past, we will have no future left. We may be taken hostage by the west one more time and probably that may be the last.
US has always adopted shortsighted policies for short term benefits and put itself into trouble - Vietnam, Iraq, Pakistan, Afghanistan, sub prime crisis, Finalcial meltdown etc. are some of the proofs of thiese ill advised ideas. The I World war broke out mainly due to protectionist economic policies of US and other countries and if Obama is tryng at it again, history may have an obligation to repeat itself. Someone plesae advice this man...
Re: Short Time poloces for long time disasters
by vikas trivedi on Mar 07, 2009 03:44 PM
START INSISITNG ON USING RUPEE AS PAYMENT CURRENY FOR ALL OUR EXPORT IMPORTS AND REJECT THE USD ..
STOP MAINTIANING OUT FOREX RESERVES IN US DOLLAR AND HOLD EQUALLY YEN , EUROS AND CHINESE RMB ..
Re: Re: Short Time poloces for long time disasters
by ramish zaidi on Mar 07, 2009 03:56 PM
Mr. Vikas your suggestion is too good in theory then in practice. Firstly, India alone cannot change the forex reserves currency. Its a hard fact that US$ is the currency used globally for Trade. The Euro is not yet mature and chinese RMB cannot be used as chinese economy depend heavily on its trade with US. In terms of YEN, there is cyclic rate change in it, if you get a chance then please observe its value for a few years(in a particular period when japnese actually buy back YEN). However insisting on using Rupee for trade can be a good option, but we have to be compitent enough to make others agree to our conditions
Re: Re: Short Time poloces for long time disasters
by rajesh on Mar 07, 2009 03:53 PM
US nvaded Iraq manly for the reason that Saddam wanted to chnage the exchange currency from USD. US and some of the parasite counhtries wil go down the tubes if US Dollar is devalued or shown its true worth ( may be equal to an expenseive toilet paper). Indian Rupee, if made freely convertible may appreciate so much that our exports become unvialble. So, the current artifical devalued rupee is helping the exporters while sucking the Importers.
In the Newspaper today there is a mention about need to import 5 lakhs nurses to U.S. for the next 4 to 5 years as there is a heavy shortage of qualified nurses in U.S. When there are unemployed U.S.Citizens in lakhs there in U.S. Obama wants to select from them and give them the required training. As Prime Minister of a Country, the Head would have taken a similar stand.
Re: Outsourcing
by rajesh on Mar 07, 2009 03:34 PM
Does Obama think office assistants, bank clerks, car mechanics and super store attanders etc. who lost their jobs can do a nurse's job ?. Good luck to him...
