Chinese currency is pushing a lot of Chinese imports into the Indian market.Their mass production facilities and dedicated assets giving quality products sell abroad are pushing their products.We displayed photographs of people in queue of demonetization days.Let us display photographs of their factory facilities.Export! Let them pick up.When will stopping imports pick up.That doesn't require a weak rupee.Francs or Germany do not want devalued currency to enhance export.We should recall the comment heard long back during the time of a take over ."We make perfume.;they, eau de cologne."An Englishman told me there is a saying in England," If a good quality button is being sold in the middle of the channel people will swim to go there to buy it.He asked me where do you buy your clothes,in NAVIN MARKET in Kanpur or GOVIND NAGER in Kanpur (he knew the place as he was staying in India for 2 yrs.) .We have to be strong in every thing R.Ponnambalam
Chinese currency is pushing a lot of Chinese imports into the Indian market.Their mass production facilities and dedicated assets giving quality products sell abroad are pushing their products.We displayed photographs of people in queue of demonetization days.Let us display photographs of their factory facilities.Export! Let them pick up.When will stopping imports pick up.That doesn't require a weak rupee.Francs or Germany do not want devalued currency to enhance export.We should recall the comment heard long back during the time of a take over ."We make perfume.;they, eau de cologne."An Englishman told me there is a saying in England," If a good quality button is being sold in the middle of the channel people will swim to go there to buy it.He asked me where do you buy your clothes,in NAVIN MARKET in Kanpur or GOVIND NAGER in Kanpur (he knew the place as he was staying in India for 2 yrs.) .We have to be strong in every thing R.Ponnambalam
There are a lot of positive things happening,YES YES.But what positive things had happened in four years in "THE MAKE IN INDIA".Accepted that in Manufacturing market jugglery doesn't fetch results.The 74% wealth holders don't come forward to invest.The 1.4 5 wealth holding 30% people cannot invest much.What prevents the Govt. from starting MAKE IN INDIA, getting back to Mixed Economy model that didn't give 15 lakhs crores unrecovered loans.R.PONNAMBALAM
"give a boost to the growth rate and that will lead to higher tax collections".Which growth rate,Growth rate of individual income or the wealth of those 10% who have 70% of wealth.We cannot take annual GDP growth rate to market to but our needs,With average 6% growth rate if it had equally remained equitably distributed we should be 17.35 times richer in 50 years.Tax collection had all along been vex-collectin."export growth will pick up because of the global economy getting traction and we should try to remove some of the logistical issues."How will export growth pick up if we had not invested in state of the art machinery to let produce world class quality products that the world market would accept.We were investing in NPA all along ."intentions of these measures" Till the banks had the intent and wherewithal to recover the 15 lakh crores all intentions remain in tension of breaking at any point.R.Ponnambalam
"The fact that the rupee has appreciated against the Chinese currency is pushing a lot of Chinese imports into the Indian market".'The fact is otherwise.That we didn't invest in state of the art machinery,use substandard input both in material and workmanship ,and use out dated processes we don't have the right manufacturing set up .So we have created the import scene.Mr.P.N. Hasker said in the days of india's first nuclear test"we missed industrial revolution ;so got enslaved.We cannot miss nuclear revolution.We even now continue to miss the Industrial revolution sacrificing it to bulid up of unrecovered loans which otherwise would have been in circulation to improve productivity and industrializationR.Ponnambalam
"The fact that the rupee has appreciated against the Chinese currency is pushing a lot of Chinese imports into the Indian market".'The fact is otherwise.That we didn't invest in state of the art machinery,use substandard input both in material and workmanship ,and use out dated processes we don't have the right manufacturing set up .So we have created the import scene.Mr.P.N. Hasker said in the days of india's first nuclear test"we missed industrial revolution ;so got enslaved.We cannot miss nuclear revolution.We even now continue to miss the Industrial revolution sacrificing it to bulid up of unrecovered loans which otherwise would have been in circulation to improve productivity and industrializationR.Ponnambalam
The Built in clause in proposed FRDI is raising fear psychosis among depositors whose interest will be protected u/s 52/7a only to the tune on Rs.1 lakh covered under DICGCI. Thus if a retiree has kept all his funds in PSU bank FDs trusting that it is fully secure, he can be ruined for no fault if under influence banks boards have financed companies which do not repay. Depositors have no say and never give their concurrence for any advances be it in loan melas or to big business. There should be provision of complete take over of the businesses that go in bad debt. Generally the property they acquire with bank money will be yield enough to liquidate the loan. Also all directors of such companies should be declared ineligible to hold any position on board of any companies in India. FRDI should be redrafted to inculcate fear among suck borrowers and not the poor depositors. DICGI deposit guarantee cover needs to be increased a hundred fold to account for the loss of money value since the limit of Re 1 lakh was stipulated.
Re: Since Dr Ghosh is from Bank he shuld enlighten us about FRDI
by kieran dsouza on Dec 26, 2017 10:17 AM
raise the insurance coverage to rupees 25 lakh as is case in the US before thinking of turning our deposits into equity via FRDI.
Re: Since Dr Ghosh is from Bank he shuld enlighten us about FRDI
by kieran dsouza on Dec 26, 2017 10:18 AM
raise the insurance coverage to rupees 25 lakh as is case in the US before thinking of turning our deposits into equity via FRDI.
