Obama's address to Parliament

[kingmakers]

[quote author=srdh21 link=topic=117892.msg1275101#msg1275101 date=1289241074]
chilip  @3$% @3$% yedava Kyamedy.. eppudu [size=36pt]daruvulena[/size]
[/quote]

sCo_hmmthink sCo_hmmthink sCo_hmmthink sCo_hmmthink

[keko__keka]

[quote author=srdh21 link=topic=117892.msg1275114#msg1275114 date=1289241274]
India cant do that anymore  coz this model of subsidy has failed horribly

all our old subsidies doesnt allways reach the targeted people... so thats why subsidies need to be eliminated and revisited based on the needs
[/quote]

kani petrol diesl gas are linkd to the price of everyhting kada..........i agree it is being misused to a bit...but maajarity of the poor and middle class ki too much load kada........coz of gas prices being so high  sCo_hmmthink

[srdh21]

[quote author=KINGMAKERS link=topic=117892.msg1275119#msg1275119 date=1289241361]
sCo_hmmthink sCo_hmmthink sCo_hmmthink sCo_hmmthink
[/quote]

'Daruvu' le na.. enduku baa anta thinking

[srdh21]

[quote author=keko__keka link=topic=117892.msg1275121#msg1275121 date=1289241402]
kani petrol diesl gas are linkd to the price of everyhting kada..........i agree it is being misused to a bit...but maajarity of the poor and middle class ki too much load kada........coz of gas prices being so high  sCo_hmmthink
[/quote]

thats why the poor will get more food from a new law thats going to be passed.. food security act..

coz this model will make sure food will reach to poor at very low rate...

who all can afford increased or market rates of petrol will use it as per international rates... thos who cant afford depend on public transportation

[keko__keka]

[quote author=srdh21 link=topic=117892.msg1275131#msg1275131 date=1289241565]
thats why the poor will get more food from a new law thats going to be passed.. food security act..

coz this model will make sure food will reach to poor at very low rate...

who all can afford increased or market rates of petrol will use it as per international rates... thos who cant afford depend on public transportation
[/quote]

public transpoerataion ante bus trian..veeti prices kuda..gas price tho linked ...kada

antha enduku salt onioon u name it ....annneee linked kada

ee fud secutiry act endi........ye ye items provide sestaru.........is it only for proved below poverty ppl ..??

[srdh21]

[quote author=keko__keka link=topic=117892.msg1275146#msg1275146 date=1289241737]
public transpoerataion ante bus trian..veeti prices kuda..gas price tho linked ...kada

antha enduku salt onioon u name it ....annneee linked kada

ee fud secutiry act endi........ye ye items provide sestaru.........is it only for proved below poverty ppl ..??
[/quote]

yes those are only for BPL families... middle class vallaki evadu ledu dikku....

[keko__keka]

[quote author=srdh21 link=topic=117892.msg1275158#msg1275158 date=1289241871]
yes those are only for BPL families... middle class vallaki evadu ledu dikku....
[/quote]

kani vallaki iche same rice whaet kirosene sufar inko 4 or 5  items tho pani kadu gaa....they have to buy...the rest at high prices incuding bus ticket  sCo_hmmthink sCo_hmmthink

[bujjama]

[quote author=KINGMAKERS link=topic=117892.msg1275091#msg1275091 date=1289240941]
book patukunte nidra vastadundhi baa naku ayithe... anduke booka patukovadam eppudoo engg lo nee manesaa
[/quote]

intha serious discussion jaruguthunte madhyalo comedy aa  *7*^ *7*^

[kingmakers]

[quote author=bujjama link=topic=117892.msg1275183#msg1275183 date=1289242222]
intha serious discussion jaruguthunte madhyalo comedy aa  *7*^ *7*^
[/quote] *7*^ *7*^ *7*^

[bujjama]

[quote author=KINGMAKERS link=topic=117892.msg1275231#msg1275231 date=1289243029]
*7*^ *7*^ *7*^
[/quote]

sCo_hmmthink sCo_hmmthink

[Deletedid1]

[quote author=srdh21 link=topic=117892.msg1275097#msg1275097 date=1289241005]
babu Benzu.. Federal Reserve buys bonds from US Treasury and gives them money.. US  Treasury pays interest to Fed (federal reserve).. why in the world Fed pays interest to US Treasury.. Please look into Fed Reserve Wiki.. you may understand it

Federal Reserve is private entity whose job is Lender of last resort...

go to RBI website and download fastest report on Forex.. it will clearly state that it include gold reserves as well in $$ equivalents, india IMF ninchi 200 tons gold konnadi.. it was included in the same forex reserves

by rule, the world currency operates in this way

want money from bank ... pay 10% interest
have money to lend to bank.. pays 3% interest rate


same rule hold for countries, the interest we get from forex reserves doesnt cover the interest we pay for external debt

baa nee anandam kdsam idigo November Forex details

2. Foreign Exchange Reserves
Item As on Oct. 29, 2010 Variation over
Week End-March 2010 End-December 2009 Year
` Crore US$ Mn. ` Crore US$ Mn. ` Crore US$ Mn. ` Crore US$ Mn. ` Crore US$ Mn.
1 2 3 4 5 6 7 8 9 10 11
Total Reserves 13,27,098 297,956 12,810 2,557 67,433 18,899 3,863 14,486 –8,404 13,565
(a) Foreign Currency Assets + 11,98,542 269,093 8,375 1,399* 48,892 14,408 –8,523 10,510 –54,198 2,325
(b) Gold $ 96,510 21,668 4,353 1,152 15,322 3,682 11,123 3,376 45,792 10,868
(c) SDRs @ 23,080 5,182 59 4 484 176 –1,048 13 –1,538 –60
(d) Reserve Position in the IMF** 8,966 2,013 23 2 2,735 633 2,311 587 1,540 432
+ Excludes ` 1,114 crore /US$ 250 million invested in foreign currency denominated bonds issued by IIFC (UK).
* Foreign currency assets expressed in US dollar terms include the effect of appreciation/depreciation of non-US currencies (such as Euro, Sterling, Yen) held in reserves. For details, please refer to the Current Statistics section of the RBI Bulletin.
** Reserve Position in the International Monetary Fund (IMF), i.e., Reserve Tranche Position (RTP) which was shown as a memo item from May 23, 2003 to March 26, 2004 has been included in the reserves from the week ended April 2, 2004 in keeping with the international best practice.
@ Includes SDR 3,082.5 million (equivalent to US$ 4,883 million) allocated under general allocation and SDR 214.6 million (equivalent to US $ 340 million) allocated under special allocation by IMF done on August 28, 2009 and September 9, 2009, respectively.
$ Includes ` 31,463 crore (USD 6,699 million) reflecting the purchase of 200 metric tonnes of gold from IMF on November 3, 2009.

source : [url=http://www.rbi.org.in/scripts/WSSViewDetail.aspx?TYPE=Section&PARAM1=2]http://www.rbi.org.in/scripts/WSSViewDetail.aspx?TYPE=Section&PARAM1=2[/url]
[/quote]

thanks for the details and tanks for correcting mee

[Deletedid1]

types of loans granted by IMF

The new concessional facilities for LICs were established in January 2010 under the Poverty Reduction and Growth Trust (PRGT) as part of a broader reform to make the Fund’s financial support more flexible and better tailored to the diverse needs of LICs. Access limits and norms have been approximately doubled compared to pre-crisis levels. Financing terms have been made more concessional, and the interest rate is reviewed every two years. All facilities support country-owned programs aimed at achieving a sustainable macroeconomic position consistent with strong and durable poverty reduction and growth.

The Extended Credit Facility (ECF)succeeds the Poverty Reduction and Growth Facility (PRGF) as the Fund’s main tool for providing medium-term support to LICs with protracted balance of payments problems. Financing under the ECF currently carries a zero interest rate, with a grace period of 5½ years, and a final maturity of 10 years.

The Standby Credit Facility (SCF) provides financial assistance to LICs with short-term balance of payments needs. The SCF replaces the High-Access Component of the Exogenous Shocks Facility (ESF), and can be used in a wide range of circumstances, including on a precautionary basis. Financing under the SCF currently carries a zero interest rate, with a grace period of 4 years, and a final maturity of 8 years.

The Rapid Credit Facility (RCF) provides rapid financial assistance with limited conditionality to LICs facing an urgent balance of payments need. The RCF streamlines the Fund’s emergency assistance for LICs, and can be used flexibly in a wide range of circumstances. Financing under the RCF currently carries a zero interest rate, has a grace period of 5½ years, and a final maturity of 10 years.

Stand-By Arrangements (SBA). The bulk of Fund assistance to middle-income countries is provided through SBAs. The SBA is designed to help countries address short-term balance of payments problems. Program targets are designed to address these problems and Fund disbursements are made conditional on achieving these targets (‘conditionality’). The length of a SBA is typically 12–24 months, and repayment is due within 3¼-5 years of disbursement. SBAs may be provided on a precautionary basis—where countries choose not to draw upon approved amounts but retain the option to do so if conditions deteriorate—both within the normal access limits and in cases of exceptional access. The SBA provides for flexibility with respect to phasing, with front-loaded access where appropriate.
Flexible Credit Line (FCL). The FCL is for countries with very strong fundamentals, policies, and track records of policy implementation and is particularly useful for crisis prevention purposes. FCL arrangements are approved for countries meeting pre-set qualification criteria. The length of the FCL is one or two year (with an interim review of continued qualification after one year) and the repayment period the same as for the SBA. Access is determined on a case-by-case basis, is not subject to the normal access limits, and is available in a single up-front disbursement rather than phased. Disbursements under the FCL are not conditioned on implementation of specific policy understandings as is the case under the SBA. There is flexibility to either draw on the credit line at the time it is approved or treat it as precautionary.

Precautionary Credit Line (PCL). The PCL is for countries with sound fundamentals and policies, and a track record of implementing such policies. While they may face moderate vulnerabilities that may not meet the FCL qualification standards, they do not require the same large-scale policy adjustments normally associated with traditional SBAs. The PCL combines qualification (similar to the FCL) with focused ex-post conditions that aim at addressing the identified vulnerabilities in the context of semi-annual monitoring. It can have the length of between one and two years. Access can be front-loaded, with up to 500 percent of quota made available on approval and up to a total of 1000 percent of quota after 12 months subject to satisfactory progress in reducing vulnerabilities. While there may be no actual balance of payments need should at the time of approval, the PCL can be drawn upon should such a need arise unexpectedly.

Extended Fund Facility (EFF). This facility was established in 1974 to help countries address longer-term balance of payments problems requiring fundamental economic reforms. Arrangements under the EFF are thus longer than SBAs—usually 3 years. Repayment is due within 4½–10 years from the date of disbursement.
Emergency assistance. The IMF provides emergency assistance to countries that have experienced a natural disaster or are emerging from conflict. Emergency loans are subject to the basic rate of charge, although interest subsidies are available for some countries, subject to availability. Loans must be repaid within 3¼–5 years.

[Deletedid1]

interest rates of ADB is 2-.2.25%

[srdh21]

most of above concessional rate dont apply to india as India is nor more poor according to IMF

[srdh21]

[quote author=BENZBABU link=topic=117892.msg1275306#msg1275306 date=1289243612]
interest rates of ADB is 2-.2.25%
[/quote]

but those concessional rates are obstructed by china...so those loans are tough to get for India