Welcome to the enchanting, enticing and exciting world of tax dodgers.
Any further economic progress will invariably depend on reforms - not in our economic policies but in our political process.
Those who oppose the deal cannot be trusted as much as those who are for the deal.
We believe, we can sell anything to anybody and buy anything from anybody. If only the PM had hired us, we would have sold even the nuclear deal to the Leftists.
Increased allocation to commodities by Index Speculators makes returns from such investments far more attractive than from stocks, and thus the markets are crashing, says M R Venkatesh.
To put things in perspective, Americans constitute 5 per cent of the global population, but consume about 40 per cent of the global resources.
What must be worrying the mandarins in the North Block is that the reply of the finance ministry completely contradicts the decision of the SAT in the Goldman Sachs case. Surely we are in for interesting political times.
To me, these are all characteristics of a scam. It is time that the derivative issue is christened as one. Given this scenario, it is time the RBI interfered in this matter. In the alternative a Joint Parliamentary Committee probe into the entire issue may well be in order.
There is a symbiotic link between the US, the US dollar and the oil prices. And unless this truth is understood and the link broken, oil prices cannot be controlled.
The government is left with the only option of risking inflation and presumes that it can fudge figures and get away with it in the onrushing elections.
Experiences of the past decade now tell us that this unaccountable and unsure system is untrustworthy, unworkable and hence unacceptable
What is galling to note here is that such serious systemic flaws have crept in undetected for over couple of years despite multilateral supervision and surveillance.
Huge sums of public money have been stashed abroad by Indians in various tax havens. Our democracy and democratic traditions with all their pitfalls as explained above are incompetent to deal with the extant issue. And if we have to recover our money, it can be done through a direct action of the aam aadmi -- you and me. Are you ready?
It is time to realise that both corporates and banks are playing with other people's money. And RBI has to intervene in the matter decisively and at once. It needs to set up a high power committee comprising eminent bankers, lawyers, media personnel, finance and foreign exchange experts to set right the matter.
By suggesting a substantial hike for government employees, the 6th Pay Commission, like many before it, has indeed been an honest attempt at destabilising the nation. And for that reason the nation need to consign it to the dustbin.
The report by KPMG, titled India Fraud Survey Report 2008, has effectively castigated India Inc, both at the employee and the management levels, suggesting a lack of morality at both levels. Strangely, India Inc seems to have swallowed these findings without any remorse or response.
Whatever it be, an official statement from you clearly defining the extent of the problem, would be in order. At least that in my opinion, sir, would put an end to the uncertainty that is plaguing the financial markets all across the globe. And, sir, as you know, markets abhor uncertainty, for lack of trust is highly corrosive.
What has been forgotten is the fundamental characteristic of these contracts. What is trading in index numbers if not a wager? Is it not speculation per se packaged in sophisticated language, exotic terms and backed by legislation and regulators?
For a variety of reasons it would seem that endangering the dollar is in the interest of the Wall Street at this point in time. The Fed has merely obeyed its masters at Wall Street. Good luck to the US dollar!
Unprecedented as it is, this steep cut in the interest rates effected by the Fed has the potential to dynamite the US dollar, the US economy and, by extension, the global economy.
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