Why Did The Economy Go Back To 1991 Position?

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[url="http://www.rediff.com/business/slide-show/slide-show-1-interview-why-did-the-economy-go-back-to-the-1991-position/20120925.htm"]http://www.rediff.co...-1991-position/[/url]

[superhit]

Very good one. Thanks for posting it here

[Allpatchino]

BECOZ BJP is not a ruling party

[raju2]

link paniseyatledu

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[quote name='superhit' timestamp='1348772588' post='1302550562']
Very good one. Thanks for posting it here
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[img]http://www.andhrafriends.com/uploads/profile/photo-18755.gif?_r=0[/img] nenu eyanani kalisa...gr8 man with deep knowledge....Guru cinema lo Madhavan character itanide real life lo

[url="http://en.wikipedia.org/wiki/S._Gurumurthy"]http://en.wikipedia.org/wiki/S._Gurumurthy[/url]

[size=6][b][color=#000000][font=sans-serif]His role on Reliance issues adopted in cinema, [/font][/color][url="http://en.wikipedia.org/wiki/R._Madhavan"]R. Madhavan[/url][color=#000000][font=sans-serif] played his role as Shyam Saxena in the movie [/font][/color][url="http://en.wikipedia.org/wiki/Guru_(2007_film)"]Guru[/url][color=#000000][font=sans-serif].[/font][/color][/b][/size]

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[quote name='Allpatchino' timestamp='1348772673' post='1302550574']
BECOZ BJP is not a ruling party
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[img]http://lh3.ggpht.com/-ucThZq7C71k/UGD9AxjfbaI/AAAAAAAAHb8/06kLi9IYhwI/s150/Brahmi-2.gif [/img] bale cheppav mama...corest!

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[quote name='raju2' timestamp='1348772727' post='1302550581']
link paniseyatledu
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edited mayya [url="http://www.rediff.com/business/slide-show/slide-show-1-interview-why-did-the-economy-go-back-to-the-1991-position/20120925.htm"]http://www.rediff.com/business/slide-show/slide-show-1-interview-why-did-the-economy-go-back-to-the-1991-position/20120925.htm[/url]

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[color=#000000][font=arial, verdana, sans-serif, FreeSans][size=3][left]They don't have the equity or capacity to pose this kind of danger. Another worry of mine, other than losing employment and destruction of small shops is the impact it will have on rural food security. Sixty per cent of the food grains produced in India is distributed within villages and only 40 per cent enters the commercial arena. Most farmers produce food for only themselves.[/left][/size][/font][/color]
[color=#000000][font=arial, verdana, sans-serif, FreeSans][size=3][left]If this is so, how can you establish a farmgate to retailgate link? [b]If you draw two per cent out of the 60 per cent, it is going to be disastrous.[/b][/left][/size][/font][/color]

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[color=#000000][font=arial, verdana, sans-serif, FreeSans][size=3][left]I don't think reform has never been defined. [size=5][b]Today, anything that the western countries want is "reforms". If you oppose what they want, you are against reforms.[/b][/size] The entire retail development in the US can be attributed to the destruction of society there by promoting crass consumerism. Retail investment is a product of consumerism.[/left][/size][/font][/color]

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[color=#000000][font=arial, verdana, sans-serif, FreeSans][size=3][left][size="5"]I[/size]n fact, the US economy has become dependant on the stock market. [b]When the stock market falls, the economy falls[/b]. Instead, you should follow the [size=5][b]German model where pension funds are banked[/b].[/size] The social security system of Germany is based on banking model and not on stock model while American social security model is based on equity model.[/left][/size][/font][/color]
[color=#000000][font=arial, verdana, sans-serif, FreeSans][size=3][left][size=5][b]Germans seem to be far more successful because Germany is the only country that is running surplus budgets[/b]. [b]It has also surplus trade balance. [/b][/size]And, we are basically a bank based country. Only two per cent of the savings gets into the stock market. That is why the government is able to meet its deficits.[/left][/size][/font][/color]
[color=#000000][font=arial, verdana, sans-serif, FreeSans][size=3][left]This year, we will be depositing Rs eight lakh crores (Rs 8 trillion) in the banking system and the government will be borrowing Rs six lakh crores (Rs 6 trillion). If the people put money in the stock market, the government will become insolvent in this country.[/left][/size][/font][/color]
[color=#000000][font=arial, verdana, sans-serif, FreeSans][size=3][left][b][size=5]And, the prime minister of this country said four years ago, if I recollect, don't go to banks, go to the stock market. But the country didn't listen. Our culture is aligned to the banking system.[/size][/b][/left][/size][/font][/color]