Tag Archive | "Below"

410 million Indians living below poverty line and they are being acclaimed as the emerging super power ?

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This the true picture of the country being projected as the emerging power and the group comprising Brazil,Russia,India and China called BRIC are endorsing it for a permanent member status in the UN security Council ???.They must be deluded to have done that !

“We want India, Brazil in UN security council: BRIC nations” http://www.indiavision.com/news/article/topnews/45557/

India now has 100 million more people living below the poverty line than in 2004, according to official estimates released on Sunday.

The poverty rate has risen to 37.2 per cent of the population from 27.5 per cent in 2004, a change that will require the Congress-ruled government to spend more money on the poor.

The new estimate comes weeks after Sonia Gandhi, head of the Congress party, asked the government to revise a Food Security Bill to include more women, children and destitutes.

“The Planning Commission has accepted the report on poverty figures,” Abhijit Sen, a member of the Planning Commission said, referring to the new poverty estimate report submitted by a government panel last December.

India now has 410 million people living below the UN estimated poverty line of $1.25 a day, 100 million more than was estimated earlier, officials said.

India calculates how much of its population is living below the poverty line by checking whether families can afford one square meal a day that meets minimum nutrition needs.

A third of the world’s poor are believed to be in India, living on less than $2 per day, worse than in many parts of sub-Saharan Africa, experts say.

The Indian government spends only 1 per cent of its Gross Domestic Product (GDP) on healthcare facilities, forcing millions to struggle to get medicines, Oxfam and 62 other agencies said in a report called: “Your Money or Your Life” last year.

While India’s economy is slowly recovering from a global recession with a GDP growth of 7.2 per cent, millions of poor in rural India are finding it difficult to cope with around 17 per cent food price inflation.

Source http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/international/410-million-indians-living-below-poverty-line-940

Can anyone give a plausible reason for the discontent giving rise to insurgencies like Khalistan ,Kashmir, Maoists/Naxalite and Assam etc ?.Especially in a country which is known to be one of the biggest Democracy, about to become one of the new emerging economy in the world having a high rate of GDP and many Dollar Billi…on rich tycoons to boast.

It is really beyond my comprehension as what make India with the above picture of its true internal conditions can ever be deemed as an emerging power.Only on the basis of its High GDP.If that be the case Bhutan, has thrice higher GDP rate.

We are not at all envious of their, growth, nor would prefer to compete with in the manner they are achieving it….

Our leaders don’t have breakfast with the US leadership in the morning and dessert with the Russians at night. Our business community competes with honesty and does not wish to thrive on scams. To quote an example substantiating the aforesaid I append two links below:…

1) India’s Friends: Dinner in the U.S., Dessert in Moscow http://www.time.com/time/world/article/0,8599,1946236,00.html?iid=sphere-inline-sidebar#ixzz0Zgp7WmEh

2) Indian software/outsourcing company crashes after fraud exposed http://eideard.wordpress.com/2009/01/07/indian-softwareoutsourcing-company-crashes-after-fraud-exposed/

Moreover what good are such growth figures when the wealth is concentrated in a few hands, while the rest of the people are naked, homeless, under nourished, starving and dying of hunger and dreaded diseases?.

We are growing slowly but steadily with the resolve that Inshallah in due course of time we shall be far stronger and healthier, economically in all aspects, but with honor and dignity. We shall achieve this success due to our hard and honest work and not through conniving, fraudulent and boot licking methods. .

There is no denial that India’s economy is not better then that of Pakistan. Definitely it has increased manifold since the 1990.This is owing to the fact that Pakistan has suffered greatly due to setbacks brought upon it during the course of its history. Firstly it the eastern wing of the wing got separated in 1971.Secondly, being proxy for the US in the cold war fought to drive the Russians out of Afghanistan and then being left with the heavy burden of having to play host to the influx of millions of Afghan refugees till today. Last but not least the huge losses it is enduring since 9/11 for being the front line ally in the war against terror. Undoubtedly, the Indians have made great inroads in the software industry and their entertainment industry. Having said this you also must accept the fact that the economy maybe the best in the world yet if its benefits do not reach the masses and lays concentrated in few hands then it is like a treasure box buried somewhere with no map to locate it. Indians masses are poor, hungry and homeless, whereas their government maybe very rich or a couple of dozen families maybe having billions of dollars stashed away. No one can deny that US is the Nos.1 Super power, read the yesterdays news and you will be shocked to know that in spite of their world best economy their citizens are suffering from what I claimed India is:

Number of homeless soars in New York

http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/international/number-of-homeless-soars-in-new-york-130…

Hungry in America Published: February 9, 2010 http://www.nytimes.com/2010/02/10/opinion/10wed4.html?th&emc=th

I could provide more such links, but I feel they should suffice enough to let you feel the drift

Please let me assure you that I have no heartburn for India or the Indians. I personally believe that it is in the best interest of both the neighboring countries and the whole region, to co-exist in a peaceful and harmonious manner. I personally am a great believer of freedom and justice and human rights.

Free Lance Analyst and Critic.

Monsoon rains 25 pc below normal in week to June 30: Met office

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Monsoon rains 25 pc below normal in week to June 30: Met office
Annual monsoon rains for the week ended June 30 were 25 per cent below normal, the India Meteorological Department said on Thursday.

Read more on The Economic Times

Bullet Advisory Indian Stocks-can Federal Reserve Slash the Interest Rate Below Zero Percentage- is Trump Card Used

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   Federal Reserve slashed the interest rates to target 0.25% to 0%..It is to fight deflation or  recession. It was the trump card used to revive economy.Free money supply can create demand and increase the consumption.It can help sinking economy.But can it have kick start  effect to the problem and place economy on the fast track.The answer is no.It can do no miracles in short run.Free money supply can boost the demand not the confidence.Investors will not invest money somewhere because they get it at free interest rate.Investors look for returns.One will invest only if he is confident of making money on investment not just because it’s free money.Borrower has to pay the principle amout back if not interest.Nobody will take a risk of investing particularly if there is going to be a depreciation of invested asset.People will look for surety and would not like to take the unnecessary risk unless and until confidence revives.Fed and U.S.Government have to be prepared to take more actions on SOS basis and be ready with alternative plans as interest rate trump card has been already used.Restoring investors confidence is the need of hour.

Traders were cautious and tried to book profits.they expect something more has to be done to kick start the economy.Depriciating dollar will only help commodities prices and emerging markets.Wait and watch was the policy before jumping on to the bandwagon.Redumption pressure in January are also feared by them.Emerging market Government are also expected to cut the interest rates further to catch up with Fed

Narendra Nainani

AHMEDABAD, GUJARAT, India

Narendra Nainani is renowned technical analyst and stock market advisor of INDIA having experience of more than 26 years having excellent success ratio.Expert in Derivatives Products-Futures & Options,Intraday,Short Term ,Medium Term,Long Term,Portfolio Management,IPO & Mutual Fund Advisor.Covered regularly by E TV & Business Magazines like The Economic Revolution for Market views.

M-9898162770

website www.narendranainani.blogspot.com
narendranainani.blogspot.com.

Sensex goes below 16K level as FIIs flee; RIL down 3 pc

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Sensex goes below 16K level as FIIs flee; RIL down 3 pc Mumbai, May 25 (PTI) The Bombay Stock Exchange benchmark Sensex tanked 447 points to close the day at a three-month low level on panic selling by funds mirroring weak world markets, which were spooked by reports of a bank failure in Spain. Read more on Press Trust of India

Sensex falls below 16,000-mark

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Sensex falls below 16,000-mark Mumbai, May 25 : A benchmark index for Indian equities Tuesday fell below the 16,000-mark for the first time since February due to unabated sell-off on the back of negative global cues. Read more on New Kerala

Oil prices settle below $85 a barrel

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Oil prices settle below $85 a barrel
Oil prices fell Friday for a third day, dropping below $85 a barrel as traders questioned whether Americans were burning enough fuel to justify higher prices.

Read more on FOX 12 Idaho

Wendy’s/Arby’s profit view below Street, shares down

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Wendy’s/Arby’s profit view below Street, shares down
Wendy’s/Arby’s Group Inc , the third-largest U.S. fast-food restaurant operator, issued a 2010 earnings growth forecast below Wall Street’s view, sending its shares down 1.6 percent.

Read more on Reuters via Yahoo! News

Oil Tumbles Again to Settle Below $72 a Barrel

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Oil Tumbles Again to Settle Below $72 a Barrel
Oil settles below $72 for first time since December on doubts about the global economy Stock market – Business – Stocks and Bonds – Investing – Equities

Read more on ABC News

China First Heavy Sells Stock Below Top End of Range (Update2)

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China First Heavy Sells Stock Below Top End of Range (Update2)
Feb. 3 (Bloomberg) — China First Heavy Industries Co. became the first company in at least a year to fail to raise the maximum amount sought in an initial public offering on the mainland.

Read more on Bloomberg

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