I wonder why a Government owned Bank should make huge profits at the cost of aam admi? May be their cost of borrowing from RBI may increase a little but they need not pass on this burden fully on borrowers as this increase in Bank rate would only reduce the Bank's profit margin. The nationalised banks have forgotten why they were taken over by the Government. They only concentrate on how to show more profits and pay dividend to Government. Every second year they increase the salary of staff abnormally and cry that their operating costs have increased. Most of the Banks overstaffed but still make huge earnings by charging heavy bank charges on money transfer, DDs etc. Government seem to have lost control over these Banks.
Re: Why?
by Sachin Purohit on Sep 20, 2010 02:09 PM
Certainly they have not been created to give soft loans to real estate speculators who simply borrow cheap, buy an under-construction property and before it is time to take delivery, sell and take profits. That's what the current real estate scenario has become.
they should befool the world like chinese did, because they sell at home best highest property rate to m n c and made liable for long investment, they enforced them to open their factories with chinese to enable them to knowhow of latest technology and produce cheapest for 111 countries,they did mervallous thing, even president did advices whole m n c to increase salariesof their worker,,chines is now going to dominate world market not because of m n c investment but shrewd policies of communist polit bureauo and its strong centralised productive focused determination , chines from poor become the largest economies superceding usa, japan and germany,, very sad, we are just fighting the ego war and lossing groud to m nc and rich countries to exploit our mind and resourse at cheap socalled paper currency,,we need to totaly reform the system make people rich but stop them becoming utter rich,everyone need to work hard and pay whole taxes , no excuse ,,that is theory to become rich and powerful,,
You cannot espect any bold decession by old thinking people like present FM who beleives in control economy .He does not wany money is used for spending and all Industries become sick due to selling their products to people .People will only dposite in banks for high rate .He wants prices of essentials remain high also .People should make good curry with deposited money and eat .I dont know how he is working under a dynamic PM an bold economist or he wants to scuttle the progress India has made under manmohan Singh with open economy
Not only on the price front but almost in every sphere of people's life it is enough to quote the word's of Mr. Bhola Singh (driver) that our heads hang in shame to think that we are one of those who choose our leaders. We send people from among us to the Parliament so that they can play with our lives. Democracy? It is a shame that leads its people to starvation. We would rather support a dictatorship that can feed its people than practice democracy that kills them. The politicians and policymakers are nothing but a bunch of jokers set to ruin our lives.
Re: Rising prices
by RAMACHANDRAN S on Sep 20, 2010 01:48 PM
The politicians and Policy makers are crooks set to make hay and ruin our lives. They should be given rat poison
We can get better returns on our PF / Bank Deposits etc. This article is written under the assumption that everyone is a debtor and running their lives on loads.
Re: If ineterest rates goes up its good
by karthik on Sep 20, 2010 01:35 PM
Hi, not all people may be in Debt, but we live in a country where we see Big BMWs and Audi's and also people who walk without proper footware. So its a fact that government should care abou these people.
This article is totally dramatised and written in a filmy style. Everyone said as if thay are going to die. Taxi driver said his son will be goon and duaghter will be ..... Shame on aam aadmi's part to say like this. If lending rate goes up, by default savings rates goes up. We cannot keep on criticizing govt every now and then. They take some steps which aam aadmi may not understand or like it. But in reality, govt has to take some tough decisions in the interest of aa aadmi.
Re: Filmy story
by sasi on Sep 20, 2010 01:04 PM
I think govt can develop a single good rail transport and an area in the outskirts with govt prices, govt selling to individual buyers. All this can be done if govt is interested in public. clearly govt is interested in land barrons
this govt. is doing this since years, whatever scheme is launced is for stealing public money..thats it this cong govt, is known to do this everytime, congi knows they are not going to win next election thats why they are doing everything to fill their pockets, politicians bureaucrates, so what should we expect from BJP the next govt. after so much setting with congress and BJP is sure to come out winning next general elections, Indian politics has taken a step forward by creating nexus and corruption by joining hands with each other, all old crooks politicians joins hands and loot people, irrespective of whichever party they belong, they know how to loot by joining hands, janta ke saamne dushman peeche se bhai bhai khaye malai! not much to expect from BJP as well, just wait and watch some more milestone of congi govt. latest would be the verdict on ayodhya very well stage by congi and BJP, these 2 parties will bankrupt india soon.
Re: adjusting NAREGA and school child meals money from us
by Sanjeev Sharma on Sep 20, 2010 12:58 PM
In your opininon which party should form the next govt.
Re: Re: Re: adjusting NAREGA and school child meals money from us
by Sheikh Akber on Sep 20, 2010 01:14 PM
lets give chance to left and likes of nitish kumar of bihar..
Very true of land mafia. I'll be happy if Pranab Mukherjee can explain why his govt is making it difficult for aam aadmi to buy a land and how does it help economic theories. I think naxals and Maoists should concentrate on matters like these constructively rather than blowing up things... then they can be called heroes.
