The News Thread

[Right]

^ was talking about UPA only, they have only their fake card to misguide people, if you don't buy it you can see the gloom and doom they are trying to hide.

 

Nili pagdi and Lungi king are best when it comes to economics and defining poverty line. I don't how they even passed BCom exams, whit their pathetic common sense and logic.

[Nemo]

I don't how they even passed BCom exams, whit their pathetic common sense and logic.

 

 

Cause neither of them have done b.com ? could that be a possibility ?

one has (multiple) degree in economics and other in statistics, law and mba.

 

 

 

_

[Right]

Yeah, it will take special kind of retards to put burden of 1.3 lac crores rupees on ex-chequers, on a scheme which is a sure-shot failure. Whoever thought of national food security bill, deserves a place in hell where people with IQ levels lower than retards are kept.

[Nemo]

Keeping politics aside, then why are John Dreze and Amartya Sen in favor of the food security bill?

 

 

 

{These guys ^^}

 

Both are indian citizens, meaning atlest by default they dont have a vested "western interest", are leading figures in developmental economics globally and have worked with and in indian economic problems for decades.

 

 

_

[godspeed4476]

Keeping politics aside, then why are John Dreze and Amartya Sen in favor of the food security bill?

 

 

 

{These guys ^^}

 

Both are indian citizens, meaning atlest by default they dont have a vested "western interest", are leading figures in developmental economics globally and have worked with and in indian economic problems for decades.

 

 

_

Dont know about the other guy, but Amrtya sen has been UPA puppy for too long, he retains indian citizenship but has been a permanent US resident for 4-5 decades

[Right]

^ what explanations can be given for shills being shills?

Sen's qualification(or lack of it) got completely exposed when he said 1000 kids are dying every week because of the delay in bill.

 

A simple question should be asked, from where are you going to recover the cost?

 

- from ex-chequer through increase in indirect taxation bringing more and more things under ambit of service tax

- reducing other subsidies cleverly, like LPG on pretext of aadhar linkage

- increasing fee of services on regional levels, registration, fairs etc.

- shoving fake electricity bills

- blocking/slowing off real development projects

- adding retard taxes such as that AC restaurent tax

 

All in all, Smothering middle class and nipple twisting higher class, So no I don't want this UPA vote security bill.

 

And then please read this

http://www.firstpost.com/economy/10-reasons-why-amartya-sen-is-wrong-about-food-security-bill-760033.html

 

This sen fellow was saying other day that he doesn't want to see NaMo as next PM cuz he is not secular enough. Who the f**k are you to comment what is secular and what is not, when you are just an economist. Shove that degree and Nobel up ur arse and get the f**k out my country. Go to Somalia or Ghana, don't even be seen here. We already have enough of retards from Howard.

[Right]

And Nemo, do read the comments on the article I linked in the earlier posts.

You will get perspective of what common junta thinks of this Nobel lauretes chutiyanandan.

 

Some of the best ones.

 

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The China way is the only way for India- rapid industrialization with investment in roads, ports, power and other infra. A dirt-poor country playing populist politics, and becoming a welfare state is a recipe for disaster. India's starving hundreds of millions are a national shame, but job-creation, not unloading of freebies is the answer.

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Right to education, right to job, right to food, right to home, right to pension. Gosh, this sure is paradise on earth. Everything one needs is being provided by the government - for free. Land of milk and honey. Golly

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Food security bill - buy one kilo of wheat at Rs13 from a farmer in Punjab, spend another Rs3 in storing it, Rs1.5 in taxes to Punjab government, Rs6 in taking it all the way to Kerala and then give it to a local politician for Rs1 who in turn sells in the market at Rs15. In the entire math, tax payers like me and you lose Rs23/Kg, politicians gain Rs14/Kg and poor get nothing. This is Sonia/Amartya economics for you.

----

As Rajeev Srinivasan pointed out, Amartya Sen is married to Emma Georgina Rothschild. The Rothschilds are one of THE richest families in the world. And the man preaches socialism.

 

He is a hypocrite and a misery-feeding leech!

----

[ALPHA17]

^ The comments section is hilarious as usual.

[Right]

^ and ya, you remind me that defence budget upgrades and ultra-necessary military procurements need to slowed down for this madness.

As long as Rahul baba can be seen eating midday meal with a Dalit, all is well.

[Nemo]

Dont know about the other guy, but Amrtya sen has been UPA puppy for too long, he retains indian citizenship but has been a permanent US resident for 4-5 decades

 

 

Dreze is a Belgian born naturalised Indian citizen. Been studying, working, living, moving in (and out) of India since in his (very) early 20s. Comes from a highly accomplished academic family. Oh and just for casual information, Dr. Jean Dreze was the main brain behind NREGA. I know rabid anti-congress sentiments here will have a field day with this knowledge. Nrega has been a big sponge of funds but its positive effect in general village life is very visible. Most of the dissent is coming from Big-medium landowners (erstwhile zamindar families) who, because of nrega, dont quite have the same level of pull in getting cheap (if not free and bonded) labor. I have 2 examples from my real life. I know a guy who was in my class and is from Rajasthan. His family has a medium scale land ownership there and he used to curse nrega every other week for the aforementioned reasons.

 

And I dont see how and why Sen living in USA has to do with anything. A lot of academicians and scientists hold multiple citizenships and criss cross countries. India obviously doesnt allow dual citizenship it might seem absurd to some, but it is quite common.

 

 

 

 

 

This sen fellow was saying other day that he doesn't want to see NaMo as next PM cuz he is not secular enough. Who the f**k are you to comment what is secular and what is not, when you are just an economist. Shove that degree and Nobel up ur arse and get the f**k out my country. Go to Somalia or Ghana, don't even be seen here. We already have enough of retards from Howard.

 

 

eh ? one does not need to be a non-economist to see certain factions' communal hard lines, in fact one needs to just be rationally aware to form individual opinions. And please, you may disagree on some aspects but you cannot disparage a Nobel laureate. His accomplishments deserve respect and while it is ok to argue and debate against his theories; calling him, his degrees and his academic career some lousy names is pitiful. It may seem all chest thumping brave, sons of soil patriotism and rebellious to mock, but in reality people have to earn the credibility to even raise a counter against such a learned person. As for common population's perception, let us check the education levels first, ok ? Majoritarian weight is often distorted by sheep following and blind jingoism. It is laughable that a certain section of people (am not aiming at any specific individual, just to be clear) have the gall to admonish the lower classes for their lack of education by claiming it leads to them being swayed for votes while at the same time the former group feels it can dismiss an academic stature that literally dwarfs their combined qualifications.

 

Also Dr. Sen is an adult indian national and has as much a say in deciding the country's pm as you or I do.

 

 

 

 

 

Food security bill in theory is good, problem is just with leakage. If the states and centre can manage to store and move grains efficiently without wastage then it will succeed. But we all know how this happens in reality and there in lies the problem. Sen (and other drafters)'s area is to construct a model. Funds for the bill can be generated if we employ sound fiscal policies. Also i dont know if many people factor this in, the funds will not be needed at once. It is a long reaching plan.

 

Subsidy deduction in lpg was a right call under the circumstances. The govt supports far too much in oil and natural gas products' usage by the people. Cuts there will surely help in maintaining the deficit. Also, crying foul over Right to food (which btw is not what food security act is), Right to education (very much needed) and pension rights (does the commentator even know the concept of pension ? it is not a free dole out FFS) while at the same time hogging govt to provide back breaking subsidies in oil products is palpable Hypocrisy.

 

 

Hoarding of gold and undying love of oil is what massively plagues our budget. Why arent the champions of unchecked capitalism in favor of government doing away with subsidies there ? Is not that how the free market is supposed to work.. hmmm ?? Oh and while we are on that topic, Socialism does not mean you cant be rich. It just means not having an insanely disproportionate distribution of wealth and natural resources. Communism (extreme form of socialism) is bad, extreme Capitalism (08 sub prime levels of swindling) is bad. Trick is to stay somewhere in the middle with lean towards the left. Look at european socialism, particularly the Nordic and Scandinavian nations. That is how nations should be run. Barring PIGS and to some extant France that had problems of corruption rather than choice of economic model, all of Europe has been very calm and trouble free in the last half decade of volatile economy. Do yourself a favor and see the following. Under all the very hilarious script, there is a thoughtful message.

 

 

http://www.youtube.com/watch?v=8rjYuaQ1Zho

 

 

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UPA 2 has been bollocks, no question there. The scams have dented an economy that was already facing hits from US crisis, though the RBI and monetary policy did a highly commendable job in parrying most of the blows. Our banking principles kept us relatively safe.

 

There have been some very questionable policy formulation and delays in projects. I am very happy to see The MoEF getting some teeth via Jairam Ramesh, environment and ecology cannot be neglected for development, but the govt has failed to strike a balance. The obfuscation of policy pertaining to projects in contentious zones is the main problem. No one is saying to belittle environmental concerns but there should be a clarity as to which areas are untouchable wrt industrial formation and where (read: infertile soil and barren land) industries can be set up so that precious time is not wasted and funds are not locked in in confusion. Development and Environment are equally important and are not mutually exclusive.

 

What this present government has done is a showcase of gross mis management and inefficiency. The theoretical process on paper is fine.

 

 

 

_

[Right]

Dude, even if a dime is coming out of my pocket, I'm sorry I cannot support this kind of foolish ideas, its clearly a vote securing scheme. I can totally imagine trucks of these rations lining up in the dalit hoods a day before election and then after unloading, taking all of them to the polling booth. And then never showing up again.

 

If NDA comes in power they will be compelled to support this non-sense and if UPA gets the 3rd term, tab to Bhagwan hi Malik hai is desh ka.

 

Some of the noted economists are calling Mr Sen fool, it is a pity that a "Nobel laurete" having spent so many years in India doesn't seem to know how things work in reality, in India. If by his own calculation 1000 people are dying of hunger every week, that is 50000 a year, is it worth spending 120000 crores to save those lives, nearly 2 crore a person, what kind of economist-ry is this?

[Nemo]

duh ! of course it has a vote securing motif attached to it. Why is this even debatable ? but does it have to be a sham as many are saying ?

And dont blindly rely on statistics, and if you do, please take time to understand them.

 

Assuming leakages do not happen,

 

Food security bill is not catered only to people who are on death bed. It is a pre emptive measure to prevent diseases related to malnutrition, stop stunted growth and give basic minimum sustenance. Infant mortality rate can be cut down a lot if the mother gets proper nutrition. The whole amount will not vanish in thin air, ever heard of multiplier effect ? The amount will circulate in the economy and give it a rise. http://en.wikipedia.org/wiki/Fiscal_multiplier (just go through the opening para).

 

I know it is cool to be cynic but have some basis on hating policies other than first deciding to hate a particular party and then working backwards from it. In principle, the policy is good. If unnecessary subsidies are cut (we really need to be more careful about oil products), tax structure is streamlined thereby reducing wastage, duties on fuel guzzlers are increased and provided there is no syphoning off, it is a very thoughtful bill. Let us see how voters of India respond.

[godspeed4476]

@nemo from bits tht I read. Living abroad for most of the time makes u distorted from reality. That can be explained the reason behind the sudden drop in poverty rate across india, the moronic 35 rs criteria. Foriegn nationals are not allowed to hold certain posts in india.

@Nrega: The people are not going to work if they are given money for free, from my personal experience it is only resulting in more social problems like joblessness, drunkards (yes bewdas) in villages.one of tge reasons why women have started to work in large numbers in our fields is that their husbands have become lazy sloths. In UP, when the state and central govt schemes are combined, there really is no reason for poor folks to work. They can live their life as they have been living with govt help. They are actually not coming out of the poverty trap. It is having minimum impact on farming coz landowners are finding loads of people who are not registered to work for them.

 

As udham pointed out there are dozens of manner in which the scheme will serve no purpose. Some of my distant relatives already sell the grain meant for poor in the open market and make huge money from it. This would only make them richer.

[Nemo]

@nemo from bits tht I read. Living abroad for most of the time makes u distorted from reality. That can be explained the reason behind the sudden drop in poverty rate across india, the moronic 35 rs criteria. Foriegn nationals are not allowed to hold certain posts in india.

 

err.. no where are foreign nationals allowed to hold certain important posts. what is the point here ?

 

the 35 re is surely idiotic. That is the problem with absolute reliance on statistics. As per Montek and co. this is the number they have crunched with absolute certainty and at purely technical level they very well may be correct but reality is far from it.

 

@Nrega: The people are not going to work if they are given money for free, from my personal experience it is only resulting in more social problems like joblessness, drunkards (yes bewdas) in villages.one of tge reasons why women have started to work in large numbers in our fields is that their husbands have become lazy sloths. In UP, when the state and central govt schemes are combined, there really is no reason for poor folks to work. They can live their life as they have been living with govt help. They are actually not coming out of the poverty trap. It is having minimum impact on farming coz landowners are finding loads of people who are not registered to work for them.

 

As udham pointed out there are dozens of manner in which the scheme will serve no purpose. Some of my distant relatives already sell the grain meant for poor in the open market and make huge money from it. This would only make them richer.

 

 

 

From what i gather the main problem with nrega is that it does nothing for skill creation. Anything above a basic shovel is not allowed. I mean sure, no one is saying to have big a*s thrashers in use, that will destroy the whole idea behind Nrega but must you limit your exposure to a device invented in Iron age ? If we can have some actual impartation of useful skills above and beyond basic unskilled manual labor then the scheme will surely come to its own.

[godspeed4476]

 

 

 

From what i gather the main problem with nrega is that it does nothing for skill creation. Anything above a basic shovel is not allowed. I mean sure, no one is saying to have big a*s thrashers in use, that will destroy the whole idea behind Nrega but must you limit your exposure to a device invented in Iron age ? If we can have some actual impartation of useful skills above and beyond basic unskilled manual labor then the scheme will surely come to its own.

Forget about shovel most of the folks in my village don't get any type of manual labor they just sign their attendance thts it.

Also, my village vicinity is no longer 7pm silent community. Jobless men gather at few spots, drink a lot, smoke weed and have fun gangsta style. I do not blame NREGA for this, but the joblessness is kind of taking its toll. They do not want to work coz of getting free monies. I can list atleast dozens of scheme's b6 personal exp, wherein poor and lower middle class folks in rural areas of UP are having a completely free and tension free life.

[Right]

Dear Nemo, it's not about being cynical it's just about having common sense that its not going to end well.

 

If someone has such a confidence that it will work and leakages can be prevented then why not apply this to that one state which has highest infant mortality, malnutrition amongst women etc. make this state a laboratory of social changes you want to bring.

If it doesn't work...please go back to writing books on socialism or waving your secular cards or simply go f**k youselves.

 

My views about UPA are pretty clear neither they have any track record of development nor they are secular. They are just bunch of sycophant vultures who just never give up. One of the cabinet ministers, defended a banned outfit for 5 years in the courts, he holds a very important portfolio which he has no qualification for, and he went to Oxford too.

[Right]

Forget about shovel most of the folks in my village don't get any type of manual labor they just sign their attendance thts it.

Also, my village vicinity is no longer 7pm silent community. Jobless men gather at few spots, drink a lot, smoke weed and have fun gangsta style. I do not blame NREGA for this, but the joblessness is kind of taking its toll. They do not want to work coz of getting free monies. I can list atleast dozens of scheme's b6 personal exp, wherein poor and lower middle class folks in rural areas of UP are having a completely free and tension free life.

That's how You should roll bitches.

 

Amartya uncle got everyone's back. Aish Karo apna hi maal hai, bas Panje pe vote lagate raho.

[godspeed4476]

That's how You should roll bitches.

 

Amartya uncle got everyone's back. Aish Karo apna hi maal hai, bas Panje pe vote lagate raho.

Thats the best part. Most of them vote for behenji

[Right]

I'm waiting for the day when her palatial house will be a full-blown museum , either it will be like Salarjung with cabinets holding 1000 pairs of socks and as many shoes or Bonnie's home from Small time crooks, will be fun either ways for visitors.

We will call it New Appu Ghar.

 

And I hope to see this fella in the Moghul garden in the backyard, doing this.

 

[playstation]

 

Can have meal for Rs 12 in Mumbai, Rs 5 in Delhi: Congress leaders

New Delhi: Adding to the poverty figure debate that has enraged the common man, two Congress leaders have now claimed that they can have proper meal at unthinkable costs and that too in two metropolitan cities.

 

On Wednesday, Congress spokesperson Raj Babbar had said it was possible to have "full meal at Rs 12 in Mumbai" even today. "No no not vada paav. So much of rice, daal saambhar and with that some vegetables are also mixed."

 

Even though his "laughable" remark drew sharp reaction from the BJP, another Congress leader on Thursday claimed that Rs 5 in Delhi is sufficient for a hearty meal.

 

"You can eat a meal in Delhi in Rs 5, I don't know about Mumbai. You can get a meal for Rs 5 near Jama Masjid," Rasheed Masood said.

 

 

http://zeenews.india.com/news/nation/can-have-meal-for-rs-12-in-mumbai-rs-5-in-delhi-congress-leaders_864473.html

 

 

 

 

Kya harami log sala....garib log ka keh ke le reha hai...Rs 12 mein and Rs 5 mein hearty meal....yeh log kaisa ban janta hai minister.....god bless India.

 

ek chota nuclear bomb ho....jiska radius asa ho ki...only that area will be blown and no radiation will be left after few days....aur woh parliament mein rakh do....tabhi sala log nahi marega shayad...narak bhi yeh log ko lena se darta hoga..