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novice1000
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01 Dec 2008 16:14
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rn,
I hope you are aware that Indian IT industry enjoys tax benefits under STPI act which lasts till 2010 which no other industry enjoys.
Indian IT industry saves more than 5000 crores per year due to tax benefits and IT industry demands the govt to extend the tax benefits for 10 more years.
TVM pai says due to this uncertainty in extending the tax benefits, India Inc lost 80000 jobs( though there is no proof for this, i will consider this for argument sake).
Let him answer these questions
1)Why cant Indian IT indusdry adjust with lesser NPM?
At one hand these people talk about free markets.. but when it comes to them..(?)
2)The same 5000 crores if spent on providing irrigation facilities in rural India, can irrigate 5 lakh acres of land which in turn can provide life 10 lakh people( that too after all the corruption .. the money eaten by politicians, contractors, engineers).
And not to talk about the employment opportunities provided in other sectors like steel and cement and transportation.
Why is our great TVM pai silent about this while he is vocal about the loss of 80000 jobs which nobody is really unsure of nor the govt can be blamed as these companies always had an option of exercising lesser margins to cope with the situation in the future?
Why is he silent about the suicides of of more than one lakh farmers?
Is it not misleading?
This is just a sample of how these people are misleading Indian middle class.
Do you know these companies do very low profile work which can be transferred to other countries as well very easily?
regards...
I hope you are aware that Indian IT industry enjoys tax benefits under STPI act which lasts till 2010 which no other industry enjoys.
Indian IT industry saves more than 5000 crores per year due to tax benefits and IT industry demands the govt to extend the tax benefits for 10 more years.
TVM pai says due to this uncertainty in extending the tax benefits, India Inc lost 80000 jobs( though there is no proof for this, i will consider this for argument sake).
Let him answer these questions
1)Why cant Indian IT indusdry adjust with lesser NPM?
At one hand these people talk about free markets.. but when it comes to them..(?)
2)The same 5000 crores if spent on providing irrigation facilities in rural India, can irrigate 5 lakh acres of land which in turn can provide life 10 lakh people( that too after all the corruption .. the money eaten by politicians, contractors, engineers).
And not to talk about the employment opportunities provided in other sectors like steel and cement and transportation.
Why is our great TVM pai silent about this while he is vocal about the loss of 80000 jobs which nobody is really unsure of nor the govt can be blamed as these companies always had an option of exercising lesser margins to cope with the situation in the future?
Why is he silent about the suicides of of more than one lakh farmers?
Is it not misleading?
This is just a sample of how these people are misleading Indian middle class.
Do you know these companies do very low profile work which can be transferred to other countries as well very easily?
regards...
01 Dec 2008 14:49
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01 Dec 2008 14:44
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dear pkk,
Ever since our great VP Singh divided this country on the basis of caste, did we have a stable govt?
In the absense of any single party ruling the state,Where is the question of unlimited powers?
Every single religion and linguistic community trying to over power others and try to hijack prirorities to suit their needs and demands, where is the question of unlimited powers?
regards...
Ever since our great VP Singh divided this country on the basis of caste, did we have a stable govt?
In the absense of any single party ruling the state,Where is the question of unlimited powers?
Every single religion and linguistic community trying to over power others and try to hijack prirorities to suit their needs and demands, where is the question of unlimited powers?
regards...
01 Dec 2008 14:35
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RN,
If you know how kiran and TVMPai are doing their best to destroy B`lore, then you will realize these politicos are much better.
Indian IT industry is nothing but the bribe paid by western companies to few lakhs of Indian middle class to change the rules and regulations in their favour for their long term benefit.
IT companies like Infosys, which get low profile works from MNC companies in return lobby for them in the Indian govt in chaning the regulations.Now those changed regulations will have a lasting impact on the country in the long term.
The result can already be seen in places like B`lore.
Old B`lore was a heaven.
regards...
If you know how kiran and TVMPai are doing their best to destroy B`lore, then you will realize these politicos are much better.
Indian IT industry is nothing but the bribe paid by western companies to few lakhs of Indian middle class to change the rules and regulations in their favour for their long term benefit.
IT companies like Infosys, which get low profile works from MNC companies in return lobby for them in the Indian govt in chaning the regulations.Now those changed regulations will have a lasting impact on the country in the long term.
The result can already be seen in places like B`lore.
Old B`lore was a heaven.
regards...
01 Dec 2008 13:45
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29 Nov 2008 19:30
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dear raj,
Quote:So from here on i will try to keep my vigil all the time, and try not to sow seeds of terror/hatred in the heart of others, nor nurture feeings of hatred/hurt in my own heart. For as long as we do not weed out seeds of terror and hatred, the trees of terrorism will continue to grow
Unquote:These words touched my heart dear.
People are getting dramatic in behaving instead of uprooting the problem from its roots.
People who are part of the problem are showing anger at others(politicos and security personal) and critisizing that others are not solving the problem.
When i mentioned that i feel for each and every Indian who looses his/her life due to our own fallacies,eccentrism and greed day in and day out across the country.. i was blamed `inhuman`.
But it makes me happy, when i know that there are people who are still looking at the root with an open mind without getting superficial.
regards...
Quote:So from here on i will try to keep my vigil all the time, and try not to sow seeds of terror/hatred in the heart of others, nor nurture feeings of hatred/hurt in my own heart. For as long as we do not weed out seeds of terror and hatred, the trees of terrorism will continue to grow
Unquote:These words touched my heart dear.
People are getting dramatic in behaving instead of uprooting the problem from its roots.
People who are part of the problem are showing anger at others(politicos and security personal) and critisizing that others are not solving the problem.
When i mentioned that i feel for each and every Indian who looses his/her life due to our own fallacies,eccentrism and greed day in and day out across the country.. i was blamed `inhuman`.
But it makes me happy, when i know that there are people who are still looking at the root with an open mind without getting superficial.
regards...
29 Nov 2008 19:13
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dear sd3,
I am afraid i failed to convey the msg properly.
Quote: I can accept that wealth in stock market is virtual but the losses in stock market are real.
Unquote:I didnt mean to say losses are not real.
Now let me get back to the basics as you suggested.
What actually happens in stock markets.
1)Approximately some 20 or 30% of the free float will be there.
2)Out of that free float, only a fraction of it changes hands.
3)When ever the demand for that fraction of shares increases, stock prices go up and gives an illusionary affect that market cap of the company went up. In reality even if 10% of the equity is sold in secondary market stock valutions fall like anything.
4)So who ever buys at higher levels inevitably looses in markets.
Quote:but alas US economy always thinks about immediate term and hence they wish to correct this loss of value with addition of money !
Unquote:This is i am afraid may prove to be a wrong notion keeping in mind the valuation levels to which housing pirces went up and US being matured economy.
1)In matured economies where supply meets or exceeds the existing demand that too in areas like housing, housing prices wont ( should not) move up substantially even in a period of one or two decades.
2)Pls remember that housing is not a commodity that will be replaced every year or every decade.If you see houses in London,you will find many of them which are centuries old.
3)What ever happened in US was just a bubble and the capacity excesses were toomuch in terms of no of units.
4)The valuations i talked about in my previous msg was about the entire economy and not just about the housing sector.
There will be a limit for valutions.Who ever had bought Infy, Satyam in 2000 Feb at all time highs are still in losses despite the excellent growth these companies showed in the past 8 years.I hope you are aware of this.
The reason being, valutions at that time were so high that they discounted the life time growth of these companies.
regards...
I am afraid i failed to convey the msg properly.
Quote: I can accept that wealth in stock market is virtual but the losses in stock market are real.
Unquote:I didnt mean to say losses are not real.
Now let me get back to the basics as you suggested.
What actually happens in stock markets.
1)Approximately some 20 or 30% of the free float will be there.
2)Out of that free float, only a fraction of it changes hands.
3)When ever the demand for that fraction of shares increases, stock prices go up and gives an illusionary affect that market cap of the company went up. In reality even if 10% of the equity is sold in secondary market stock valutions fall like anything.
4)So who ever buys at higher levels inevitably looses in markets.
Quote:but alas US economy always thinks about immediate term and hence they wish to correct this loss of value with addition of money !
Unquote:This is i am afraid may prove to be a wrong notion keeping in mind the valuation levels to which housing pirces went up and US being matured economy.
1)In matured economies where supply meets or exceeds the existing demand that too in areas like housing, housing prices wont ( should not) move up substantially even in a period of one or two decades.
2)Pls remember that housing is not a commodity that will be replaced every year or every decade.If you see houses in London,you will find many of them which are centuries old.
3)What ever happened in US was just a bubble and the capacity excesses were toomuch in terms of no of units.
4)The valuations i talked about in my previous msg was about the entire economy and not just about the housing sector.
There will be a limit for valutions.Who ever had bought Infy, Satyam in 2000 Feb at all time highs are still in losses despite the excellent growth these companies showed in the past 8 years.I hope you are aware of this.
The reason being, valutions at that time were so high that they discounted the life time growth of these companies.
regards...
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