Now that diesel fumes have been declared a carcinogen, diesel engines can be banned on health grounds. Better to do this than trying to distort the market further.Aditya_V wrote:Yje new proposed Hike in excise dury on Diesel cars from 1.75 lac to 2.5 lacs with resultant VAT< life tax increase should have been in the Autos thread.
Tourist cabs- Given the nature of business Banks/ NBFC and Unorganised sector loans will not increase the tenure more than 3 years as per the current norm, which means Higher EMI a.k.a higher fares by around 30%, which will see a cut back in usage by consumers and will result in downturn in Hospitality sector. Truth even today remove duties and VAT cost of Diesel is lesser than the current Retail Price, but the Govt. needs to make up for defecits for previous scams.Singha wrote:much of the tourist taxis and buses are 'hypothecated' to banks . the tenure will increase for breakeven point, but I dont see a crippling impact.
tbhp Munna's who want a diesel Swift VDI to soak up the subsidy will have to pay more upfront , just as we petrollwallahs pay heavily every couple of weeks.
Singha wrote:problem is most banks will demand some form of security, id proof, pan, tax returns, bank account statements to consider a loan. for small traders and service providers operating on cash basis its not possible to take loans from formal financial sector at all.
I am not sure how such small business in massa operate, but here its on cash basis and I guess they pay little if any income tax.
my friend had gone to buy a villa from a delhi based businessman for a 2nd sale and was asked to pay some amt like 30L in cash, rest in white money DD. when my friend asked if he would like a lift to visit the bank and deposit the cash safely, he said "koi baat nahi beta, mere shop ki kaam me daily 1 cr ka cash flow hai, wohi use kar denge"
Well Theo; if Congress is as bad as we agree it is. Mamata is just incidental. If not she, somebody else. There is always a straw which breaks the camels back. If she is the straw, am glad that its done with and all that.Theo_Fidel wrote:Sanku Saab, .... .
as presidential candidates is a direct slap in the face of Kangress and a direct dare. APJ Kalam would be the candidate with the broadest consensus (NDA too would support) and Manmohan Singh's name is just to needle Congress, saying, sorry, that guy sucks, kick him upstairs! Wonder what Congress would do now. They are probably smarting from that slap.My concern was on the bona-fide business loans, not the personal loans that people take for marrying off daughters.Theo_Fidel wrote:I know a couple of relatives who are familiar with the 'loan-sharking' business..
And with his personal honesty thingy will not even loot money like that lady did. Great choice.Gus wrote:mms is a great choice. he has lots of experience being the figurehead do nothing guy.
Would the 'moy/moi' (however you say it) not cover some of the expense? That is also a sort of community lending..lol. You then have to return the money at their functions.Theo_Fidel wrote:The #1 cause of this financial destruction is Marriage, Esp. of daughters. Insane social pressure forces even limited income people to spend like there is no tomorrow. This too is lack of social reform. I would hope people on this board take a strong stand and have a simple registered marriage for themselves and their children, which is what my wife & I did over the vociferous objections of everyone else. What the upper middle class does sets a strong precedent for what the lower middle class does.
Not in my experience in S.TN. Number one cause of financial hard ship. #1 reason people ask me for large chunks of money. Before medical problems and alcohol. Though alcohol is catching up fast. It is a consumptive expenditure, contribution to economic growth and well being is limited.nukavarapu wrote:Spending out of the financial limit is stupidity and people who follow such practices are comfortably less in numbers.
Pretty much any expenditure is consumptive. Buying a car or TV is also consumptive. Should we stop doing it? In fact buying a TV made in China by a Japanese company provides zero benefit to the local economy, unlike a wedding ceremony which at least provides employment to several people (caterer's, decorators, musicians, etc..)Theo_Fidel wrote:It is a consumptive expenditure, contribution to economic growth and well being is limited.
Theo_Fidel wrote:Gus,
What can I say. It is a bad example for those who can't afford, IMHO.... ..registered marriages are quite common in S.TN. esp. second/third marriages.
They should be registered marriage only. Otherwise they would go banckrupt after few marriages. It becomes more like switching jobs. When you join your first job, you tell everyone where you are going to work. But when you change job every year, nobody would care.Thats true in TN. Its societal expectation - how many powns can they give bla bla? 50 sovereigns?? Thats it? Status etc.. As wealth has increased, there is a greater expectation to give bigger dowry's because relative x gave y amount.Theo_Fidel wrote: The #1 cause of this financial destruction is Marriage, Esp. of daughters. Insane social pressure forces even limited income people to spend like there is no tomorrow. This too is lack of social reform. I would hope people on this board take a strong stand and have a simple registered marriage for themselves and their children, which is what my wife & I did over the vociferous objections of everyone else. What the upper middle class does sets a strong precedent for what the lower middle class does. Dowry is another curse amongst Christian marriages.
I think you misread me. I'm not talking about the TFTA crowd. Marriage/Divorce is extremely common amongst the lower classes at least here in S.TN. Marriages are abandoned, women divorce drunk husbands and men abandon infertile/sick wives every few years it seems like. One of my maistriis has been through 6 marriages!! With 2 dead wives in there. Yet he is still paying off his debt on his first marriage made 20 years ago which my cousin financed at 0% interest, in retrospect the loan was a bad idea.paramu wrote:They should be registered marriage only. Otherwise they would go banckrupt after few marriages.
This is called chitti system in my part of AP. it works two waysDileep wrote:I have a kweshchun.
I used to chat with my barber, who owns a few such shops around as well as a few autoricks. He told me that people like him always borrow money at Rs 2 interest (Rs 2 per month, ie 24%) on "trust" (read "threat" in reality) basis. He says it is convenient because no paperwork, no hassles and immediate disbursal. (That rate is for people with something to lose like him. People with less to lose pays upto 10% a DAY for daily rolling money)
My question is, how can a business offer value as they need to make profit after covering this kind of interest rate? Naturally the consumer pays for this in the form of increased mark-up on everything.
When we complain about the bloodsucking middlemen who cause steep mark-ups on things, we should remember that most of that mark-up goes to these shylocks.
The implications of the shock press conference held jointly by Mamata Banerjee and Mulayam Singh Yadav go far beyond who gets to succeed Pratibha Patil at Rashtrapati Bhavan. They amount to a stunning palace coup within the UPA, and spell the beginning of its end. It's unlikely that we'll have to wait for 2014 now, for the next general elections.
The UPA's long-term sustainability has been affected by another dichotomy in its functioning. Government through symbolic substitution is a poor form of governance. The UPA government treated Singh as a stand-in for economic reform. Wasn't he the person who, as finance minister, initiated economic liberalisation in 1991? That allowed the Congress to have its cake and eat it too. It could keep up its reformist face to the outside world while also keeping up its internal, ideological resistance to reform - part of the party DNA of Nehruvian socialism.
Unfortunately, the failure to push through any worthwhile reform measure since 2004 has brought on today's moment of economic reckoning. Congress may have disliked the idea of shining India. But that's now been replaced by whining India, beset by low growth and high inflation. Congress is liable to feel its bite when the next general elections come around.
Contrary to the image of Singh as the architect of reform, considerable evidence has emerged that it was really Narasimha Rao who really piloted reforms in 1991. But if Rao was the real hero of libera-lisation, who rescued the country from the Hindu rate of growth and unleashed today's aspirational India, it's remarkable how unsung he remains in Congress quarters. That itself is an indication of Congress disdain for Rao's record of reform.
Following Rao, the next burst of reforms came during the second half of the NDA government's stint in power, when it coined the "shining India" slogan. It went into the 2004 elections with that slogan, and much to its surprise, lost. The ritual explanation for the NDA's loss was that it "lost touch with the masses" by subscribing to shining India. However, reforms kick in only after a phase lag, after which their effects become noticeable on the ground. The UPA, during its first term in power, enjoyed the benefits not only of the NDA's reforms but also of a phase of global easy money, which ended with the financial crash of 2008.
Those happy circumstances created an era of unprecedented growth, whose benefits were reaped by the UPA in the 2009 Lok Sabha elections. It also bred astonishing complacency within the government. In just three years, however, the situation has reversed itself almost completely. Not only has the external environment turned sour, India finds itself buffeted by the lack of internal reforms. The results of that, too, will be reaped by the UPA in the next general elections. Those may happen sooner rather than later - given the machinations of Mamata and her ilk.
Assuming that India's fragmented polity can throw up a cohesive government, the next one should draw the right lesson from past events. It's essential to launch growth-oriented reforms early in its term. That's not only easier to do while the government's honeymoon phase lasts, it can reap the benefits before the end of its term - making it more electable in the next term. NDA's mistake was not to have launched the shining India programme. It was to have launched shining India too late in its term.
Hmmm...exactly what BRF was saying all this while.Following Rao, the next burst of reforms came during the second half of the NDA government's stint in power, when it coined the "shining India" slogan. It went into the 2004 elections with that slogan, and much to its surprise, lost. The ritual explanation for the NDA's loss was that it "lost touch with the masses" by subscribing to shining India. However, reforms kick in only after a phase lag, after which their effects become noticeable on the ground. The UPA, during its first term in power, enjoyed the benefits not only of the NDA's reforms but also of a phase of global easy money, which ended with the financial crash of 2008.
Yes absolutely, it will take the economy atleast 3 years of good policies with implementation to bring us back on track- it takes any company a few years to turnaround, for a country we need atleast that time.sum wrote:Hmmm...exactly what BRF was saying all this while.Following Rao, the next burst of reforms came during the second half of the NDA government's stint in power, when it coined the "shining India" slogan. It went into the 2004 elections with that slogan, and much to its surprise, lost. The ritual explanation for the NDA's loss was that it "lost touch with the masses" by subscribing to shining India. However, reforms kick in only after a phase lag, after which their effects become noticeable on the ground. The UPA, during its first term in power, enjoyed the benefits not only of the NDA's reforms but also of a phase of global easy money, which ended with the financial crash of 2008.
Does this mean that the effects of UPA-2 and its (mis)policies will only be borne by the next govt?
http://businesstoday.intoday.in/story/e ... 85488.htmlMurthy was quoted recently as saying that he was saddened by the state of the Indian economy and the crisis of confidence gripping the country due to lack of "big ticket" reforms since 2004.
Nowadays in TN , especially in the Forward community the concept of dowry and no of powns is coming down daily. Many would be happy just to get married to someone. In certain cases , the hunt for a bride seems to go for close to half a decade without any luck while here we discuss about MMRCA getting delayed.shyamd wrote: Thats true in TN. Its societal expectation - how many powns can they give bla bla? 50 sovereigns?? Thats it? Status etc.. As wealth has increased, there is a greater expectation to give bigger dowry's because relative x gave y amount.
Can we use Goverment Term Other Community instead of Forward Community, we need to move from Upper /Lower ideology.vivek_v wrote:Nowadays in TN , especially in the Forward community the concept of dowry and no of powns is coming down daily. Many would be happy just to get married to someone. In certain cases , the hunt for a bride seems to go for close to half a decade without any luck while here we discuss about MMRCA getting delayed.shyamd wrote: Thats true in TN. Its societal expectation - how many powns can they give bla bla? 50 sovereigns?? Thats it? Status etc.. As wealth has increased, there is a greater expectation to give bigger dowry's because relative x gave y amount.
Actually it is the girls family who are dictating terms , especially due to the flawed Sex ratio of males vs females in these community. Everyone wants at-least a engineering with some masters (some want only IIT and IIM). I myself got hitched purely due to a masters degree (with all other checklist being more or less equal to others). Whether masters is useful for work prospects or not, it is definitely useful in TN marriage market
Anyways OT , sorry for that.
Yes some of the older upper classes tend to not require as much 'show', but 'other' requirements are still onerous. This too is a sign of inadequate social reform. There are plenty of engineering girls around. The colleges near old Mahabalipuram are packed with them. Sex ratio's are much better in lower groups who lacked access to expensive sex selection. As a nation we need to get past our marriage 'market' system. It retards our development and limits our economic potential. People need to take a strong stand at every opportunity. This will end caste based voting and focus on more progressive economic leaders.vivek_v wrote:Nowadays in TN , especially in the Forward community the concept of dowry and no of powns is coming down daily. Many would be happy just to get married to someone. In certain cases , the hunt for a bride seems to go for close to half a decade without any luck while here we discuss about MMRCA getting delayed. Actually it is the girls family who are dictating terms , especially due to the flawed Sex ratio of males vs females in these community.
Situation is bad in TN. There is definite paucity of educated middle class girls around 25. They got themselves to blame for all the sex-selective abortions done in 80s. One distant relative, 35, married a widow with a child, after searching for almost a decade. He has land etc and is relatively well off. For a rural area, this was a first. And he is happy with her and that's what counts.vivek_v wrote:Many would be happy just to get married to someone. In certain cases , the hunt for a bride seems to go for close to half a decade without any luck while here we discuss about MMRCA getting delayed.
Actually it is the girls family who are dictating terms , especially due to the flawed Sex ratio of males vs females in these community. Everyone wants at-least a engineering with some masters (some want only IIT and IIM). I myself got hitched purely due to a masters degree (with all other checklist being more or less equal to others). Whether masters is useful for work prospects or not, it is definitely useful in TN marriage market
) who was last spotted in a jirga with the herdsmen...