https://www.indiatoday.in/india/sto...o-undergo-treatment-in-usa-1300555-2018-07-30
I do not wear lungi --- neither do I run to land of free for common cold treatment. :biggrin2:
It's you who's posting garbage without any explanation and reasoning.
A spinless personal attack with again no logical connection with any section of debate won't help you.
Sure and we all believe you..................NOT. A dog's tail can never be straight and the same is the case with every commie fuck.
Itna bullshit hagte hagte to tereko babasir ho gaya hoga, apna babasir check karane gov hospital jata he ya private?
This is what happens when you do that...
i;m no big fan of socialism and previously we had a discussion on Air india, i actually think the whole air india episode shows why a few companies and sectors should remain in govt control imo. there's no way a private airline would fly out to some of the nations we have ferried our citizens back from the way AI did and have done over the decades going all the way back to the gulf war. They've rescued some foreigners too and paid for their journey back home which is something no other nation or airline does or bothers doing. Is baat pe mai Swamy se sehmat hoon, it's like pawning off the family jewels to try to invite bids from foreign companies in a bid to divest it.2035 : Indian engineer @Bhumihar is running a profitable business.
2036 : Social engineer @south block becomes Prime Minister and nationalizes @Bhumihar 's business.
Humanities student : 1
STEM students : 0
Pirablem?
Jokes aside, that is how India works. It never goes full enterprise. It only allows free enterprise to grow in short spurts, only for the government to come back and hijack it later. We only move towards free enterprise, reluctantly, under external force.
Aap chronology samjhiye..
In 1991, India was bankrupt, the West promised to give some $ in exchange for opening up the economy. All the socialist oligarchs whined like it was the worst thing to happen; (It was, but only for the oligarchs). For the people, it was the best thing to happen. For the first time we saw the birth of a thriving middle class which propeled the economy for the next 5 years. That is why every one fondly remembers the 90's because that is the first time ordinary Indians tasted what it means to have surplus.
By the time we touched 1998, the socialists within the Vajpayee administration had bogged down his reforms by supporting Congress-era reservations and subsidies and waivers. The economy started decaying again. Post-Kargil we faced a financial crisis and Vajpayee again went back to the liberalization agenda. Subsidies were trimmed, new highways were built, much to the disliking of socialists even within the BJP. Nonetheless, he did whatever he could before they pulled the chair from underneath him. The next 5 years saw the economic fruits of Vajpayee's reforms. By the time we hit 2008, Manmohan had again taken us back to square one with more reservations and MGNREGA. By 2012, inflation touches 14%.
2015, Modi tries to formalize and open up the economy again (GST, FDI), again the socialists from raise their ugly heads (including RSS farmer unions), accusing Modi of being a corporate sellout. As a result Modi loses a few state elections. Reform agenda is again put in a freezer.
Fast forward to 2020 economy is frozen and socialists are asking..what has Modi done for the economy, accusing him of crony capitalism. In reality, the socialists work extra hard to make sure no reform agenda ever succeeds so that they can blame it on the reforms.
When people become entrepreneurs, they get financial freedom and the socialists cannot control them anymore. When 70% of the country is farmer, the flock remains under their control. Moral of the story is that socialists don't want @Bhumihar to be an entrepreneur, they want him to be a farmer all his life. This is not just a problem of numbers, fiscal deficit, repo rates etc. It's a problem of mindset.
That's why shameless farmers are roaming around after duping the taxpayer of lakhs of crores of subsidy every year and entrepreneurs are facing this fate :
The gormint needs to have some PSUs in sectors like defense, airlines and telecom but there is no need for them to have a monopoly over the sector. I mean, let them have MTNL and offer calls at an affordable rate, that is no reason for Jio to not exist.
My Idea of an ideal Government run enterprise is that the state entity holds 25 to 30% of the market.The gormint needs to have some PSUs in sectors like defense, airlines and telecom but there is no need for them to have a monopoly over the sector. I mean, let them have MTNL and offer calls at an affordable rate, that is no reason for Jio to not exist.
My only point was that different orgs have different agendas. The gormint's agenda is not productivity, it's social justice. They see wealth distribution as a bigger priority than value creation, so every time they set up a PSU, even before setting up a growth strategy, they decide how to assign the reservation quota, and which disadvantaged group (i.e vote bank) gets to enjoy the job vacancies that arise out of that org.
RE : Air India.
Even I'm in favor of keeping Air India under the gormint's wings, even at a loss. I believe a nation needs to have a gormint-owned national carrier for emergency situations (and for RAW to run its miscellaneous OPs all year round without coming under scrutiny), but someone has to foot the bill for running a loss making org. The very reason they are being forced to sell it is because they blew the cash on farm subsidies.
The exchequer could fund Air India if he wasn't already burdened by funding farm loan waivers of shameless farmers.
For context : Air India land assets are around 8000 crores, and yearly EBIDTA is around 4000 crores, with a debt of 53,000 crores. If the gormint were to bailout the company, it would require less than one year's fertilizer subsidy to pay off the 53k crore debt. But..but but...priorities. Our constitution says that we are a socialist, secular republic, so let them sell the airlines. Charbi utarne do sarkar ki.
Why should the exchequer foot the bill for the government's ideological leanings towards socialism? they take taxes from us by showing advertisements of how that money will be spent on roads, railways, airports and then they spend it on subsidies. For one, I am grateful that they didn't introduce an Air India cess in our tax to bailout the airlines. Let them manage only what they are capable of managing within the existing tax structure, otherwise let them divert the farm subsidies to save the airlines. We ain't paying another dime extra.
I don't want my tax money to go to a PSU where I am not eligible to apply for 50% of the job vacancies. Let there be only 2-3 critical PSUs with limited personnel strength. Let the rest be privatized, including SBI and Indian railways. It's fun seeing freeloaders like @south block whine in pain seeing their assured income scheme being taken away.
PSU vs profits is always a paradox.
in air india's case though despite the loss making venture that it was for a long time it was really during the decade of mismanagement under Praful Patel that a nail was all almost completely hammered into it's coffin. But yes if we allow bygones to be bygones it's all a matter of priorities.The gormint needs to have some PSUs in sectors like defense, airlines and telecom but there is no need for them to have a monopoly over the sector. I mean, let them have MTNL and offer calls at an affordable rate, that is no reason for Jio to not exist.
My only point was that different orgs have different agendas. The gormint's agenda is not productivity, it's social justice. They see wealth distribution as a bigger priority than value creation, so every time they set up a PSU, even before setting up a growth strategy, they decide how to assign the reservation quota, and which disadvantaged group (i.e vote bank) gets to enjoy the job vacancies that arise out of that org.
RE : Air India.
Even I'm in favor of keeping Air India under the gormint's wings, even at a loss. I believe a nation needs to have a gormint-owned national carrier for emergency situations (and for RAW to run its miscellaneous OPs all year round without coming under scrutiny), but someone has to foot the bill for running a loss making org. The very reason they are being forced to sell it is because they blew the cash on farm subsidies.
The exchequer could fund Air India if he wasn't already burdened by funding farm loan waivers of shameless farmers.
For context : Air India land assets are around 8000 crores, and yearly EBIDTA is around 4000 crores, with a debt of 53,000 crores. If the gormint were to bailout the company, it would require less than one year's fertilizer subsidy to pay off the 53k crore debt. But..but but...priorities. Our constitution says that we are a socialist, secular republic, so let them sell the airlines. Charbi utarne do sarkar ki.
Why should the exchequer foot the bill for the government's ideological leanings towards socialism? they take taxes from us by showing advertisements of how that money will be spent on roads, railways, airports and then they spend it on subsidies. For one, I am grateful that they didn't introduce an Air India cess in our tax to bailout the airlines. Let them manage only what they are capable of managing within the existing tax structure, otherwise let them divert the farm subsidies to save the airlines. We ain't paying another dime extra.
I don't want my tax money to go to a PSU where I am not eligible to apply for 50% of the job vacancies. Let there be only 2-3 critical PSUs with limited personnel strength. Let the rest be privatized, including SBI and Indian railways. It's fun seeing freeloaders like @south block whine in pain seeing their assured income scheme being taken away.
I am against this, AIR INDIA WAS the property of Tata, No free nation must garb own very people personal dream.
So what you are saying is let the gormint officials suck the country bone dry.They had been since before and after independence.
you think babus are most efficient people in this world ... that we nationalise everything and than wait for 3 years for a telephone connection in trues BSNL style.... man where do u get your quota of malana cream,,,
stop arguing with that double speak guy yo !
I have put him in my ignore list. Suggest you do the same.
This is the PDF transcript of RBI governor's official statement made 2 days ago :
