Religious Clashes – Why do we need them at first place?

If you had a chance to read my post on The Great Indian Elections of 2014, there is something I had already said but did not anticipate it any time soon. Yes I am talking about the recent Communal clashes at Muzaffarnagar in Uttar Pradesh.

For once, there is no clarity on what caused the riots – with numerous stories doing rounds on social networks. And I have seen a few of my friends on Facebook starting to post messages – things that say or give more importance of Hindutva or Hindu Nationalism. I choose to ignore those messages, however many others may not.

Following these clashes, an announcement by BJP led me to write on this. BJP announced that they will send Modi to Muzaffarnagar too.  (more…)

Food… err… Vote Security Bill – pay now, reap later

Congress’ plan to hatch the egg before elections is questionable. Everyone sees this as an opportunity to garner votes ahead of the crucial 2014 elections. Even more so since there is a NaMo mania creeping the countrymen and women.

As I set my eyes on horizon for the next year elections, there are two things which are very clear.

  1. BJP does not have the strength of its own to stand guard at National Parliament as things are at present.
  2. Congress’ coalition politics still can work

Food Security Bill would not have been needed if the existing bills worked the way they were supposed to work. The middle men are the largest beneficiaries – as things turned out with Ration and other schemes.

As Sharad Yadav puts, “The beneficiaries of the schemes hardly get any benefits because of the middlemen and rampant corruption. It is hunger and dignity that affect the poor the most in the country”
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Political Slug Fest 2012

Welcome to Political Slug Fest 2012!

Its a Political Slug Fest approaching and every politician is making his or her presence felt. After all, its the 2014 elections approaching.

I started wondering why so early? We are yet to live through 2013, and are not even sure if we will live through this year according to Mayan’s prediction of End of the World in December 2012. And the whole lot of Scams and publicity antics are just adding up. Do you feel that this is getting a bit over board and getting messy by the day? A quick view at the top news channel website and you will get 10 “Breaking News” at the very least. Such is the dynamics of politics in India.

Let me start off with the smallest one. Petrol prices have been a political hot boiler for some time now and the latest news is that its cheaper by 0.56 paise!! This is definitely a welcome breaking news after the vehement protest by Mamta Banarjee. The Liquefied Petroleum Gas, or common man’s fuel prices have not been reduced, and the number of cylinders offered for a family now reduced to 3 / year in some states. Its time we all get Induction Cookers / Stoves at home.

But, would that not increase my electricity cost?

Kejriwal flew a political beemer at BJP by hi-jacking the hike in Electricity rates issue for consumers in Delhi. He was shown tearing apart what appeared to be electricity bills from Delhi electric distribution companies. Poor guys, they will have to still pay their bills and stand in queue for the duplicate bill as well!

Speaking of electricity, we of course cannot forget the Coal gate, and it does need no introduction and explanation. Country cried over it, but that voice ultimately died on its own because of T20 World Cup.

As if Cricket did not have its own problems already, India TV claimed today that they have video footage of Umpires who agreed to fix the match. Candidly called “Operation World Cup”, curiously enough,  none of the umpires featured in the sting operation were actually on the ground in Sri Lanka. How is that? or Howszzatt! or Whaterver.

Then was the Irrigation Scam in Maharashtra where the ruling coalition party is in fix. Ajit Pawar immediately offered to resign. I was wondering why? Has it not been the trend now to still stick to your seat even if the allegations run into 6+ digits in crores? Gone are the days when moral responsibility had a meaning.

I am sick of bigger scams, so here comes a small one. Small, albeit in the number of crores of Rupees but big when you gauge the tight slap on its face. Robert Vadra, son-in-law of Congress Chief Sonia Gandhi. He allegedly has taken money in return of favors from his wife’s home party politicians, DLF being the prime accused vendor.  Almost all of Congress’ top politicians came out to defend the son-in-law of party clan.

Obviously, the above was thanks to Arvind Kejriwal who managed to sneak into DLF’s transactions and unearthed a potential political big PLUS for his party, the India Against Corruption or abbreviated IAC.

IAC? Does it sound similar to INC?

The issue is latest and refuses to die down. Thanks to Media, it will be alive for some days to come. And yes, I did not even started talking about Bigg Boss!

The Markets will remain positive for June 2009: A little worry though

It was two horrific news with a good one. What a combination you may ask?

The first and obvious story that captured the headlines were the racism attacks on Indians in Australia. That followed with the news that Oil prices will be de-regulated which means that things could go costlier in future.

However, it may just be good that it will happen. The reforms was what was expected of Congress and they are bang on it! It also may turn out to be good for the economy overall. Because that inflation can grow up from here and this will help the country to be back on the fast track out of recession in general.

The Good news from a cell phone user point of view was that Minister A. Raja said that he wished the Telephonic rates to come down to 10 paise for local calls and 25 paise for STD calls. What the government has dones is done a small harm with even smaller good.

This can spell doom for mobile telephonic companies profit margins, but then they will have to resort to VAS for earnings. This is a bit tricky one which may not necessarily boost healthy competition. Instead, I forsee mobile companies getting too agressive with VAS and customer will be bombared with calls and SMSes ignoring privacy and Do Not Disturb facility.

These news’ will have its effect on the Sensex and how! I stand by my prediction on Sensex crossing 16K by June end which I had posted earlier on my Blog. Trade safe, dont be aggressive in your investment decisions.

Now the Bulls will roar – Sensex Outlook after elections

Now that every one knows what happened yesterday all of you people will be guessing what will happen to Sensex, the benchmark index. If you do not know; the Great Indian Elections that were held in four phases last month where the United Progressive Alliance, led by Congress won with majority defeating BJP and others who posed a threat on them.

Given that Dalal street has a soft corner for Congress and vice – versa, the Sensex will gain more. From my earlier prediction, I said that Sensex will gain up to 15,000 levels by the end of the June. However looking at the volatility in the market, I will revise it to a more modest 13,800 levels. But I would also like to maintain that Sensex may cross the 14,200 mark and may even go up to 15,000 levels.