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It's not Greek, Mr. Mukherjee


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K Vemu
India has three types of Sons-in-law
by K Vemu on May 28, 2012 08:07 AM  | Hide replies

Alexander's who win before marriage. (Greeku Veerudu, every dad looks for this).
Swayam Krushi's who win after marriage (mostly this happens) and
Losers who never win at all (if then else, this happens).

So that is what Greek means. Either boy or girl, there is Son-in-law some where.


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K Vemu
Re: India has three types of Sons-in-law
by K Vemu on May 28, 2012 08:07 AM
I'm not involved in any Dirty Pictures. Please kindly note that forever.

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vijay patel
India doing great under UPA 2 and Congress.
by vijay patel on May 28, 2012 08:06 AM

India is doing great under UPA 2.

There is full employment as its hard to get people to work in factory. Wages has gone up several fold.

The consumption of people has gone up, four folds compared to ten year back. Indian consumer consume more now then ever.

There is no parking place available for the cars. They travel more and spend more.

Consider the world scenerio, and you will know Congress and UPA 2 have done great for India.

Tranparency laws are strong, like RTI which is exposing corruption, and that to thanks to Congress.




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Sachin Purohit
Right-sizing the Indian assets
by Sachin Purohit on May 27, 2012 10:16 PM

Assets in India (especially real estate) are clearly overpriced. In a miserable city like Mumbai, where there is pathetic infrastructure and poor quality of life, the prices in rupee terms for a modest abode ranges from 10 million to 15 million rupees. When the dollar was at 45 rupees, this amounted to approximately 225000 to 335000 USD. For this kind of money, you can buy a palace in a well-connected city with much better and peaceful quality of life than Mumbai. Obviously there was something wrong with the asset valuation. Either the prices had to come crashing down in India or the rupee to dollar equation had to change. Now at 55 to a dollar, the same humble abode will cost 180000 to 270000 USD. Still expensive, but we are getting there - where we belong! A complete right-sizing is yet to happen. It can take shape in either of the three ways. A blood-bath in real-estate markets or a sharper devaluation of the rupee or both. The story is unfolding.

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kk singh
Why this state of our economy
by kk singh on May 26, 2012 04:31 PM

Dollar going up and reason government gives us is world market! Still planning to open its market for foreigners!! Harakiri, not at all. Our big businessmen, politicians and others are getting shares from foreign investors not only in corrupt way but legally as well.those who are at receiving end like us making hue and cry and trying to freeze these opportunity, how selfish. What will happen to our Manmohan Singh, Sonia Gandhi and even opposition leaders living lavishly(may be honestly also), can not survive if these legal perks are withdrawn!! Let us sacrifice and our GREAT leaders and their Sevadars enjoy in India and on tous to foreign nations.

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chetan g
1$ = 100 Rupee
by chetan g on May 23, 2012 04:53 PM  | Hide replies

It is bound to happen, This government has printed soo much money that its hard to find any denomination less than 100 in the market. Go Ahead now print 500's & 1000's. India will be next Zimbabwe for sure..

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vijay patel
Re: 1$ = 100 Rupee
by vijay patel on May 28, 2012 08:08 AM

Your knowledge is limited to that of a BJP fellow.
Modi is the first one to believe you, followed by other BJP guys.

That is why we need competent Congress people to rule India

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Loga
India can't be next Greek
by Loga on May 22, 2012 09:12 PM  | Hide replies

NRI Remittances in 2012 to India is $58 billion which was $22 billion in 2006 and estimate it will reach to 100billion in next five years.

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Sachin Purohit
Re: India can't be next Greek
by Sachin Purohit on May 27, 2012 10:25 PM
Keep dreaming. NRI remittances is just one part of the story. To put the complete story you simply need to see the end result. The end result is that the forex reserves have sharply depleted! In a BOP, you have two components - Current Account and Capital Account. NRI remittances is a small component of current account. A larger share is taken up by Trade Deficit/Surplus. We are a net importer because we have to import oil. Even the KG Basin that promised a lot of gas (thanks to overexaggerated claims by a thug called Mukesh Ambani) has failed on delivery. So even we are importing lot more LNG gas than we would have estimated. But this is just about current account. Due to flight of foreign investors - thanks to non-governance, capital account also is in depletion mode. RBI has had to sell dollars heavily to keep the rupee from slipping further and that has only added to even more depletion of forex.

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