Tag: India

Down Goes Everything.

Down goes the gold price,

Down goes the silver price,

Down goes the oil price,

Down goes the stock price,

Inflation alone goes directly up commonly.

It is something very peculiar,

It is something very puzzling,

It is something very unnerving,

It is something very touchy,

Inflation alone goes rightly up undisturbed.

The economy of U.S .is bewildering,

The economy of Greece is dwindling,

The economy of U.S is masquerading,

The economy of India is depleting,

Inflation alone goes firmly up altogether

There is a whirlwind in some parts,

There is a storm in certain areas,

There is a flood in a particular place,

There is an earthquake in a specific territory,

Inflation alone goes steadily up everywhere.

Tags China, down., Gold, greece, India, Inflation, oil, Poem, Silver, U.S

Banking sector in India thoughts turmoil

The Merchant Of Venice.-Modern.

Post author By meenas17
Post date August 8, 2011
1 Comment on The Merchant Of Venice.-Modern.

Apologies to the bard on the outset,

Merchants did live in his times,

Portia won laurels and encomiums,

Her name has stood the tests.

Banks have taken the financiers’ garb,

They are no more institutions,

They exhibit no compassion,

As they essentially rob.

Shylock demanded a pound of flesh,

Banks extract ounces of blood,

Forcing the borrowers to shred,

By pressurizing them under stress.

Interest keep the bank working,

While nominal index is the requirement,

High rates reign the disbursement,

That renders the taker to a cruel dealing.

Securities are for guarantee,

Never for undue extractions,

The institutions resort to distractions,

As they proceed to encash on warranty.

Half the life goes out fighting,

The officials go in and out,

In the course of default,

Plunging the borrower to a circumventing.

Greed of Shylock was a theme,

Eulogized by Shakespeare,

Avarice of the bank causes despair,

As sung by his fraternity with a less gleam.

Tags Bank, Banking, Borrower, India, Interest, Poem, Portia, Shylock

subscriptions thoughts turmoil

Going To Polls

People go to polls with an expectation,

Hoping for a change in the composition,

Of governance and administration,

Having in mind the progression,

Calling for a healthy representation.

Politicians go to the polls with an expectation too,

Anticipating a wealth accumulation unto,

Of land and money altogether into,

Counting the currency and commodity too and too,

Relying on a resounding victory all too.

Elections took place in Tamil nadu with full force,

The leaders campaigned the polls with an intimate browse,

Extending Televisions, laptops and few grams of gold in the course,

Rambling out promises in a high throated roars,

Fooling the people in well conceived pros.

Karunanidhi claims a victory with ease,

Jeyalalitha harps on a triumph of full freeze,

Each engaged in a prattle of unhealthy tease,

Battling on an embittered seas,

Awaiting another innings with most appease.

Penny wise pound foolish is the Tamils motive,

Pounding on free throws and sops like a captive,

Gaping at the gaudy sly leaders like a fugitive,

Enthralled by the politicians gestures in a transitive,

Tamils follow them in a trance and thrill emotive.

The leaders with their family march ahead with a pace,

Clinging to their children both legal and illegal in trace,

Carrying with them a wholesome baggy brace,

Putting forth an ever smiling and charming face,

Creating a significant thoroughfare of grace.

After few months,

People sell the televisions and gold in times of need,

Poverty in no little time strikes a blow on the breed,

Leaving them in the mercy of the political creed,

Terminating the mirth into a bloody bleed

Tags Elections, India, Poem, Tami nadu

Economy thoughts turmoil

Economy And Inflation -Growing Together

Post author By meenas17
Post date February 2, 2011
No Comments on Economy And Inflation -Growing Together

Article first published as Economy and Inflation – Growing Together on Blogcritics.

Growth is a healthy phenomenon. If growth gets stagnated, the world would be in turmoil. Recently there has been an unprecedented growth in prices. Precious metals have reached a new peak. Oil saw a hike and retreated. The price of land and buildings is high. Last but not least, prices of vegetables and cereals are getting out of the grip of the average man.

Inflation is worldwide, as recession is global. The International Monetary Fund’s food price index has risen by 29% in the last six months. The high inflation on primary articles is more on account of supply side constraints. Prices of most staples have nearly doubled, while productivity and yield have risen marginally.

India , which is emerging as an economic force to reckon with, is struggling to fight inflation. The Reserve Bank of India, as always, is fighting a lone battle. Retail price of wheat in Delhi has risen by 90%, while production increased by 16% and the yield went up by 4.5%. Sugar prices have doubled,onion prices have tripled, and pulses have more than doubled.Prices are stubbornly high. A fall in prices is not seen in the near future.

In India , it runs so,

a kilo of onions costs Rs 65 ($1.44)
a liter of petrol costs Rs 65 ($1.44)
a bottle of beer costs Rs 65 ($1.44)

India practises socialism. Do not the above quotes substantiate its proclamation?

As the Indian economy grows, more and more people are moving out of poverty and joining the teeming middle class.The population is becoming self reliant as there is shift towards a low dependency ratio. Twenty years from now there will be a rise in the working age population from 1022 million to 7812 million. India will have more mouths to feed.

The chance of achieving a double digit growth looks dim as food inflation is taking its toll. To harness growth and development the government should focus on increasing agricultural production.

Tags India, Inflation, Production, Reserve Bank Of India

Economy thoughts turmoil

Inflation Hits India hard.

Article first published as Inflation Hits India Hard on Blogcritics.

Inflation is at its height in India.

A kilo of onions costs 50 rupees (that’s about $1.10 in a country where the average per capita annual income is under $450).

Raw onion is the poor man’s side dish in India, but the escalation in prices has left him with no alternative: his diet is now only rice. The government, soaked in scams and scandals, is not capable of curbing the soaring prices. The political opposition is stiff and vehement. The administration is paralysed.

Parliament was not able to hold its winter sessions. Prime Minister Manmohan Singh is in a tight corner. His ally, the southern-based DMK, has taken him to the verge of resignation. The Supreme Court, the highest judicial authority of India, is looking into cases of misappropriation of funds. The Central Bureau of Investigations is engaged in probing ministers, officials, and their aides who participated in the scams. In recent months there has been essentially no governance.

The disruptions have led to discontent among the people. They yearn for a change. But the choices are limited. The BJP, which was in power a few years back, is also not free from aberrations. Its drawbacks force the people to think twice.

There is crisis in every state. Andhra Pradesh is facing the Telengana revolt. Tamilnadu is in the grip of maladministration. Karnataka is in trouble, with an unstable coalition government. West Bengal had a spate of shootings and bloodshed a month ago.

The inflationary trend, which ranges from 12-13%, has led the Reserve Bank of India to hike interest rates.

The average Indian is feeling desperate. To survive, he needs an iron will. But, as always, he must struggle to sustain himself. He knows no happiness