Wednesday, February 12, 2014

Signs India's Economy Is Very Brittle As On 12/2/2014

1.Jittery over US Federal Reserve's QE "taper".
2.Even Rs 93,000 Crores is not available,for the purchase of 126 Fighter planes [Rafale],from France.
3.The Finance Ministry is selling IOC shares, to ONGC and Oil India Ltd,and has been ,"increasing the price of ",IOC shares!!!IOC has risen from about Rs 199 to about Rs 257/=, in a short span of time,after the announcement of the sale, to the two oil producers.
4.Raising taxes on IMPORTED Gold and Silver[about 17%,at the time of posting].
5.Crude Oil import is NOT reduced at all!
    Items 4 and 5 above show,fear of "forces" from outside India.The same is the case, with the hiking of the prices of petroleum fuels,keeping the Rupee DELIBERATELY WEAK!
6.India Inc faces FCCB and CDR problems.
7.The NPAs of PSU Banks is very high.
8.Not hiking the pays of PSU bank employees.
9.Air India,BHEL etc in trouble.A deliberate attempt to destroy India's PSUs for the sake of privatization,is observed.
10.Mega-corruption of the UPA.
11.Debt very high and hence huge interest payment, with very little left for the economy.
12.The Indian Rupee is kept DELIBERATELY WEAK.
      A WEAK Currency will destroy a nation as per Nicolaus Copernicus.Many Modern Economists agree with this view,of the great Polish Astronomer,who was good in Economics and other subjects too.
Will be updated...........