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|Posted on October 23, 2013 at 3:29 PM||comments ()|
Recently I've had a lot of visitors to my blog and website from Putian as well as Beijing.
I note the Indian Premier Dr Manmohan Singh has been to visit Beijing soon after his trip to Moscow, and
things are looking good for co-operation on peacefully observing each other's shared borders as well as increase in friendly relations and trade.
My personal hope is to become nominated by the Congress Party of India (UPA) as the Prime Ministerial candidate for May 2014. Should my wish be fulfilled with approval of Rahul and Mrs Sonia Gandhi, I would be thrilled and would go to India straight away to start campaigning in earnest.
I have a vision for India as a good neighbour to China, Russia, Pakistan, Nepal, Bangladesh, Afghanistan and the whole region, as well as to unlock the huge potential that there obviously is for growth of infrastructure such as roads, bridges, dams, power generation, further irrigation, as well as housing, hospitals, schools, universities, and so on, which would utilise the resources and cater to the public, as well as use the skills and expertise internationally in building up this great nation. I have lived in London the last 41 years, and see the n-th degree developments of this nation (United Kingdom) as something India could well try to aim for. I imagine that with India's resources both of the peoples' savings and growing expectations of improvements in living standards, it would fit hand-in-glove.
It is regrettable that there have been skirmishes on the international border with Pakistan, especially just after Dr Manmohan Singh-ji had constructive talks with Pakistan PM Nawaz Sharif in New York recently. Mr Nawaz Sharif has a great reputation as a man of his people and a positive personality, who would only wish the best for his people and continuation of peaceful co-existence with India. The Indian PM has offered bilateral talks on this issue to find a resolution, and I sincerely hope common-sense and peace prevails once again.
I hope my readers will be able to make an accurate picture of what I would like to do, and I would welcome your comments on this matter.
In the meantime, I wish you a peaceful and happy evening.
|Posted on August 22, 2013 at 8:21 AM||comments ()|
You know, there was a time when Twelve and a half Indian Rupees exchanged for a U.S. Dollar.
Today, the rate is 65 Rupees to the Dollar. Hardly a month ago, it was 55 Rupees.
For a country with U.S.$277 Billion in reserves, and a debt to GDP ratio of about 27 percent, this is
clearly selling the Indian Rupee too cheap.
What sort of policies have been in place that the currency has virtually fallen 400 percent against the greenback, in a period of less than two decades, when the growth in India has been quite healthy while the mature economies have structurally slowed down?
What is the purpose of encouraging foreign inflows of capital which periodically take flight and cause a panic in the markets?
Of course, with the Rupee at current levels, most overseas investors see this as a golden opportunity to invest in India. And the Finance Minister, Mr P. Chidambaram, has confirmed that inflows have been very healthy, and as it is absorbed into the system, a healthy picture will emerge. Growth for the 2nd half of this year is expected to be much improved, with exports increasing month on month.
Can't blame anyone for snapping up quality Indian goods at ridiculous prices, can you?
The Reserve Bank of India's repo rate of 7-1/2 percent is really responsible for the slight slowdown that Indian industry and consumerism have seen over the last year and a half. When the picture is so healthy, why should the RBI offer such a high rate to attract overseas investment? When compared to the mature economies, the differential is more than 5 percent and as much as Seven and a quarter percent. Is anyone listening? What is the logic of it? When India has enough for good growth, why does she need foreign inflows which periodically make the currency bleed?
The best announcement is that the RBI will not take any policy measures to try and curb the current and temporary fall of the Rupee to the absurd level.
On 5th September, the new Governor of the RBI will assume his office, and both Corporate India and the public wait with hope to see what path he follows to restore robust growth and much need relief for consumers in India. More people wish to buy houses and cars, take out loans for education and travel. India needs must add to the world economic growth story, and an orderly drop in the repo rate would prove the tonic.
|Posted on June 23, 2013 at 4:50 PM||comments ()|
There is something about the chemistry, about the language and communication of the mind and soul, which brings people together or drives them apart. It is this chemistry between people that I would blame for.....or, rather, a change in the chemistry between people that I would blame for separation and divorce.
I am surprised that Napoleon Hill was not given the Noble Prize, but then again there is no category in the Noble Prizes into which his work fits. Perhaps, on that point, I would suggest there should be another category created by the Trustees of the Noble Foundation. The Increasing of Human Understanding.
Napoleon Hill interviewed 500 of the most successful people in America in the 1920s, and from those interviews he wrote many articles, published in his Hill's Success Magazine. But a few people made a huge impression on him, viz Andrew Carnegie, Firestone, Henry Ford, Dr.Alexander Graham Bell, and Dr. Thomas Alva Edison. And yes, Mr Edwin Barnes, who said it could not be done, that is to say, the writing of a blueprint for success based on the interviews with successful people.
Napoleon Hill turned that into a questions: Who said it could not be done? and went on to publish his Think and Grow Rich, a book that sells well throughout the world, in many languages, in number just after the sales of the Bible, Koran and Bhagavad-Gita and other religious masterpieces.
In his research, Napoleon Hill says that the first three years of a marriage often have petty squabbles and friction, but the love that exists between the two will carry it through. The next fifteen years are those in which the lucky couple start to look alike in their eye movements and thinking, influencing their value judgements and expressions, meaning the happy couple have achieved understanding of one another, and a state of harmony exists between them that we attribute to the magic of chemistry.
A state of harmony, an instinctive understanding, an automatic understanding of mutual goals. It is like both have the same road-map, or at least complementing road maps.
Those for whom a partnership does not work, it seems are rather like a horse-drawn carriage where the horses want to pull in differing directions. Where it is not possible to bring harmony of direction, abandonment of the journey becomes the alternative. Such is what happens in business partnerships as well, and in politics as well.
A question that may help bring harmony back is : What was the road map that brought the partners together in the first place? Can it be modified and restored? If the answer is Yes, then hope still remains for reunion and success.
|Posted on February 28, 2013 at 4:57 AM||comments ()|
Both the Sensex and Nifty have drifted downwards, at the Budget announced by Finance Minister Chidambaram, which allocates increased expenditure by 19 percent to 2014, with a good measure for defense spending as well as additional provisions for Food Secuirty as well as additional provisions for Mid day meals.
It is a Budget that has at least averted the sovereign debt downgrade, although such a downgrade would have been questionable in view of the fact that the debt to GDP is a golden 5.3 percent, making India worthy of a Golden AAA rating, in my view.
The good news for the middle class is that for first time buyers, there is a tax rebate of upto 1 lakh on house purchases upto 25 lakhs. This will put more people on the ladder to house ownership, and provided the economy remains robust, should give a boost to the housing sector. Demand for housing is of course at a high. In this regard, a favourable proposal to create a Women's Bank is an Indian first, which will empower women entrepreneurs, and will certainly be the segment to invest in, as women's prudence, thrift and enterprise is a legend. So, well done to the authorities for creating this dedicated segment for women's empowerment.
Cigerettes, liquor, imported cars, bikes and mobile (cell) phones above 2,000 Rupees are going to incur additional taxation, and those who eat in the more UMC air-conditioned restaurants are also likely to pay additional taxes. There will be a surchage of 10 percent on incomes over 1 Crore, and those lucky people will have to fork that out for only one year. Imported cars will become kudos, attracting additional taxation, but those who can afford will not be put off from purchasing such luxuries.
It seems a good sensible Budget, although the opposition have called it dull, boring and unimaginative. Indeed the Chief Minister of Uttrakhand says it is a budget that is anti-poor. and makes no or scant provision for the Scheduled Castes and Scheduled Tribes. It is apparent that the government will have to focus on this segment, and ensure that in a spirit of equality and inclusion, some extraordinary provisions are to be made for these segments, to propel improvements for all, starting from the lowest upwards.
A nineteen percent increase in expenditure over the next year leading to the 2014 election will ensure a renewed growth, and if fairly implemented, this Budget will definitely lift the doom and gloom that has so far weighed on the Indian markets. This is a great positive Budget for growth, and the Finance Minister deserves congratulations.
|Posted on January 7, 2013 at 8:36 AM||comments ()|
I am glad to note that there are at least a few hundred visitors who like to read my blog each day.
My blogs over the last 30 days have been as follows :-
- Right to work demos in Michigan
- If the Fiscal Cliff a Roller-Coaster, or is it a Merry-go-round?
- 25 Years after they became Rich
- You can sense the sense of duty Mr Obama has to America.
- What's up, Beverley Hills?
- Children dying of measles in Larkana, Sindh.
Now I have over 1,000 blogs to date, and nearly 96 readers have responded with some comments, I am glad to note.
Recently I have had blog comments on issues on which I wrote about a year ago!
But just goes to show, readers read something, bookmark it, and then when they see the comments have made good, they pay a compliment. That has been in the nature of my blogs on Tree thinning, share prices (Bank of America, J P Morgan, Thomas Cook, LinkedIn, MacDonalds, and so on).
Let me know what you think, you can fill in the comments under the blog.
Thanks in advance and Kind Regards,
|Posted on August 5, 2012 at 5:15 PM||comments ()|
It's been so hot, and people are interested in watching the Olympics in London. Team GB have done everyone proud in Great Britain. This nation which has the winning style will certainly throw the remnants of recession out of the window. What recession? Britain will be gleedfully asking.
My blogs over the last 7 days to today have been as follows :-
Huge potential in India
American jobs figures seem good
RBS to be nationalised?
Books or information creates perspective
Who competes and how do they win at the Olympics?
Tithe for Prosperity, follow the Scriptures for Rain.
Thanks for your visit, and I hope you continue to enjoy reading my words.
Until next time,
Durudarshan - Investment Analysis.
|Posted on August 5, 2012 at 12:37 PM||comments ()|
Today it was an energizing and inspiring gathering at the Church in Ilford.
In the chapter on Faith in Jesus Christ (in Gospel Principles), I learnt that to have Prosperity, it is
essential to pay tithes. It makes sense; money goes round in the wheel of prosperity.
"We want to have rain in due season and to have peace in the land without observing the Sabbath as a holy day and without keeping the other commandments of the Lord," according to teachings of President Kimball, of the Church of Jesus Christ of Latter-Day Saints.
These are two important yet overlooked principles. I hope we can all put these into effect, and then see if God does not answer our prayers.
If God our Heavenly Father who keeps the galaxies moving in perfect timing, should have given certain princples to be observed, then perhaps we ought to see if there is cause and effect by meeting the logic of those principles.
All I will say is that my heart leapt with joy when I saw these words, this very clear message. There should be no loss of time to put it into effect.
In the name of Jesus Christ our Savior, who is the Love, the Light and the Way.
(written by Durudarshan
|Posted on August 3, 2012 at 4:48 AM||comments ()|
Welcome, dear readers, to my blog and website. My blogs over the last 7 days have been as follows, and you may wish to read them :-
- Who should cut the interest rate?
- RBS to be nationalised?
- Olympics, A-politics, and Interest Rates.
- Inspiration for today
- Huge potential in India.
- Government investment for English High Streets.
I look forward to receiving your comments and suggestions.
Durudarshan - Investment Analysis
Goodshow Trading Ltd,
IG3 8BQ, U.K.
|Posted on August 1, 2012 at 2:10 PM||comments ()|
The recently released ADP figure of private sector job creation in the U.S. at 167,000 for June seems good news, after the somewhat dismal figures for May. The lower Oil price is doing its trick, and restoring confidence and productivity into the economy. Just imagine if such a scenario was maintained for the next six months or so. In this regard, as long as the diplomatic stance is maintained with regards to Iran, hopefully the Oil price can too be maintained, and that I believe will help Recovery stay on track.
Federal Bank Chief Ben Bernanke has reiterated that the interest rates will remain low till 2014, and a stimulus would be introduced if warranted.
Now that the Case-Schiller Index seems to be suggesting an improvement in the U.S. housing market, it seems to me that everything augers well for America. This can only give added courage to other economies, that the world trade and political atmosphere will continue to improve. For this, I pray.
|Posted on July 31, 2012 at 4:15 PM||comments ()|
Today's most important economic news was about India.
There was a huge power cut in the north, affecting 18 of the 26 Indian States. In temperatures ranging from 23 to 38 degrees Centigrade, this was a terrible experience for the 670 million people affected. Most normally have their ceiling fans whirling; today, those who did not have generators or back up supply had to suffer the sweltering heat. The power grid has failed over two consecutive days, slowing down traffic and making people feel miserable. Power cuts and water shortage have become common-place in India, but not on such a scale. To say that the infrastructure needs upgrading is not saying anything that is not obvious.
The second piece of important news was that the Reserve Bank committee had decided to hold the repo rate at 8 percent, despite the slowing economy. The threat of inflation is seen as the main concern, but the lack of investment in Indian Bonds and the falling value of the Rupee seem disheartening.
If people are interested in encouraging further investment into India, such as FDI to build businesses which may be mutually beneficial to the investing organisations as well as India's growth, then surely the foreign currencies coming in would be converted into Indian Rupees, and strengthen the value thereof. In due course of time, that may happen, as more confidence builds in the Indian economy.
India has everything going for it, in terms of demographic mix and resources as well as potential for growth.
The monsoon has delivered less rain than normal at this time of year, and this will affect the crop yields. Water is depleted in the reservoirs, and its outflow is being rationed in most States.
However, the RainGod may show kindness and mercy on the people. For that, I pray