An
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crudeoilessobanksellingboughtchecklotterynationaljoyglobaljobcareerservice03%16%iransentbuysellmailforwardingbank softwaredollar vote bank asrao21@yahoo.comcheekyundefined@gmail.comdhanusv@gmail.comgsudheerchowdary@gmail.comgvishnuvarma@yahoo.comhmariam0007@yahoo.comkadigemadhukar@gmail.comkavi181982@yahoo.cokavinmadhu@gmail.comlaxminarsimhakumar@gmail.comlessacpdy@yahoo.colessacpdy@yahoo.commeghana7a@gmail.commohdfayez@gmail.comniveditavs@gmail.comparuchuridinesh@aol.inpradyu90@gmail.compraveenaind@yahoo.comsaikirand@gmail.comvijisrk@gmail.comvishwavs@gmail.commuraliganji@gmail.comsarathi@gmail.com09490936047yahoo.comyahoo.co(rbi)[mailto:pradyu.g@gmail.com](v u corporate concepts)(tmi)(ge consumer & indust...(rs.17/rs.18)( daily times)( gujjar partha sarathi a...http://www.kshitij.com/re...
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THE UNITED Progressive Alliance (UPA) government headed by our Prime Minister
Manmohan Singh has the most efficient team members with it. The prominent ones
are P Chidambaram, YV Reddy and Montek Singh Ahluwalia. They are the dream team
a PM can ever aspire to get. This is over and above his experience of having
held the post of governor of Reserve Bank of India (RBI). So if everything is so
good, then why is the officially declared inflation nearing double digits
despite all these geniuses around? The answer is vote bank politics.
The UPA government is
artificially
trying to keep the rupee down. When inflows of dollars into India exceed outflows, then our
currency has to appreciate. But RBI is printing new money out of thin air and
buying the excess dollars so that the rupee does not appreciate. Over and above,
when the international prices of commodities increase in dollar terms due to
dollar devaluation, our government has two options if it wants to tackle the
inflationary expectations genuinely.
Option one: Allow our currency to appreciate so that our
existing price of commodities does not increase. This can be explained by the
following example. Crude oil was being sold at 100 dollars in February. The
equivalent cost in rupee terms at Rs 39 per dollar was Rs 3900 then. Our forex
reserves were 298 billion dollars then. Crude oil is costing 130 dollars in mid
June now. To maintain the price of crude oil at the same Rs 3900 per barrel, our
government could have asked RBI to sell some dollars (around 40 billion dollars
is more than enough for that) and maintain the rupee at Rs 30 per dollar
resulting in the same price for crude as in February instead of 130X43 = Rs5590
now. Option two: If the RBI feared that the dollar would crash in
international markets if the news spread that India is selling away the dollars,
then India could impose blanket ban on all non essential imports other than that
of crude oil or at least ban import of goods, which are available locally so
that we could have a trade surplus and without RBI intervention, the rupee would
appreciate and nullify the price increase in dollar terms.
I am writing this with a bleeding heart. The geniuses of
UPA whom we trusted so much and believed to be the leaders, who would lead India
to become a developed nation, have resorted to cheap vote bank politics. If a
common man like me can understand the way to tackle inflation then it is no
exaggeration to say that these people are aware of the possibility of combating
inflation efficiently. The UPA government believes that high employment rate in
software industry with inflated wages would vote them back to power. For that
single reason they are doing the exactly opposite thing by banning our steel and
food exports despite our record bumper food harvest, resulting in widening trade
deficit and rupee depreciation.
But poor UPA, you should be the dumbest insane people on
earth if you have not learnt the lesson from Karnataka elections. The software
industry is also not happy with the current rate of inflation. If you do not act
now then we, the voters, may have to ensure that you don’t get a chance of
having to act in the future.
UPA
- A total failed house of Commie-congi opportunistic Alliance
THE UNITED Progressive Alliance (UPA) government headed by our Prime Minister
Manmohan Singh has the most efficient team members with it. The prominent ones
are P Chidambaram, YV Reddy and Montek Singh Ahluwalia. They are the dream team
a PM can ever aspire to get. This is over and above his experience of having
held the post of governor of Reserve Bank of India (RBI). So if everything is so
good, then why is the officially declared inflation nearing double digits
despite all these geniuses around? The answer is vote bank politics.
The UPA government is
artificially
trying to keep the rupee down. When inflows of dollars into India exceed outflows, then our
currency has to appreciate. But RBI is printing new money out of thin air and
buying the excess dollars so that the rupee does not appreciate. Over and above,
when the international prices of commodities increase in dollar terms due to
dollar devaluation, our government has two options if it wants to tackle the
inflationary expectations genuinely.
Option one: Allow our currency to appreciate so that our
existing price of commodities does not increase. This can be explained by the
following example. Crude oil was being sold at 100 dollars in February. The
equivalent cost in rupee terms at Rs 39 per dollar was Rs 3900 then. Our forex
reserves were 298 billion dollars then. Crude oil is costing 130 dollars in mid
June now. To maintain the price of crude oil at the same Rs 3900 per barrel, our
government could have asked RBI to sell some dollars (around 40 billion dollars
is more than enough for that) and maintain the rupee at Rs 30 per dollar
resulting in the same price for crude as in February instead of 130X43 = Rs5590
now. Option two: If the RBI feared that the dollar would crash in
international markets if the news spread that India is selling away the dollars,
then India could impose blanket ban on all non essential imports other than that
of crude oil or at least ban import of goods, which are available locally so
that we could have a trade surplus and without RBI intervention, the rupee would
appreciate and nullify the price increase in dollar terms.
I am writing this with a bleeding heart. The geniuses of
UPA whom we trusted so much and believed to be the leaders, who would lead India
to become a developed nation, have resorted to cheap vote bank politics. If a
common man like me can understand the way to tackle inflation then it is no
exaggeration to say that these people are aware of the possibility of combating
inflation efficiently. The UPA government believes that high employment rate in
software industry with inflated wages would vote them back to power. For that
single reason they are doing the exactly opposite thing by banning our steel and
food exports despite our record bumper food harvest, resulting in widening trade
deficit and rupee depreciation.
But poor UPA, you should be the dumbest insane people on
earth if you have not learnt the lesson from Karnataka elections. The software
industry is also not happy with the current rate of inflation. If you do not act
now then we, the voters, may have to ensure that you don’t get a chance of
having to act in the future.
Sorry for forwarding wrong mail, with out verifying facts.
On Thu, Jun 12, 2008 at 11:41 PM, Murali Mohan Ganji
<muraliganji@gmail.com>
wrote:
Hi All,
I went through this email, and looks like this is a
hoax email spread all other the India. One thing is true that the petrol
prices are shooting up like crazy. Everyone knows that the reason for
increase in petrol prices is the crude oil prices are going up every day.
I just want to let you know the fact.
The petrol prices in
Pakistan and Malaysia are very low(Rs.17/Rs.18) is a big HOAX and
jock.
According to the Pakistan's news papers( Daily Times), the price
of petrol have been increased from Rs 58.7 a litre to Rs 62.81 a liter, the
price of diesel from Rs 36.07 a litre to Rs 38.96, kerosene oil price from Rs
38.73 a liter to Rs 41.44, and the price of HOBC has been increased from Rs
69.88 a liter to Rs 74.77 a liter. For more detailed information please
click the link below or if the link doesn't work then please check
attached print screen of the news paper.
Please
click the link below for Global petrol prices chart http://www.kshitij.com/research/petrol.shtml
Petrol
prices are increased globally not just in India. So people have to understand
that the petrol is not produced in India, it is bought from middle east
countries. If the price of CRUD oil increases than obviously the
price of petrol increases.
Regards, Murali
Ganji. FYI: I am not know to most of them in this email group. I know
only two guys( Gujjar Partha sarathi and Gujjari Madhusudhan Rao) in this
group.
Dear Friends!
Petrol in
Pakistan Rs17 per litr Malaysia Rs 18 per litr In India
it's Rs.59 per litr
Why is there a
difference within India itself? World Market CRUDE Oil is not
the reason for this. It's all Gain for private owners? As we are
the general public, or Common Man as R.K.Laxman wud hv said, we have
to raise our voice, let's raise thru Emails.
Forward this to all
Indians who care. IT HAS BEEN CALCULATED THAT IF EVERYONE DID NOT
PURCHASE A DROP OF PETROL FOR ONE DAY AND ALL AT THE SAME TIME, THE OIL
COMPANIES WOULD CHOKE ON THEIR STOCKPILES.
AT THE SAME TIME IT
WOULD HIT THE ENTIRE INDUSTRY WITH A NET LOSS OVER 4.6 BILLION DOLLARS
WHICH AFFECTS THE BOTTOM LINES OF THE OIL COMPANIES. THEREFORE
"June
14 th" HAS
BEEN FORMALLY DECLARED "STICK IT UP THEIR BEHIND " DAY AND THE PEOPLE OF
THIS NATION SHOULD NOT BUY A SINGLE DROP OF PETROL THAT
DAY.
THE ONLY WAY THIS CAN BE DONE IS IF YOU FORWARD THIS E-MAIL
TO AS MANY PEOPLE AS YOU CAN AND AS QUICKLY AS YOU CAN TO GET THE WORD
OUT. WAITING ON THE GOVERNMENT TO STEP IN AND CONTROL THE PRICES IS
NOT GOING TO HAPPEN. WHAT HAPPENED TO THE REDUCTION AND CONTROL IN
PRICES THAT THE ARAB NATIONS PROMISED TWO WEEKS AGO?
REMEMBER ONE
THING, NOT ONLY IS THE PRICE OF PETROL GOING UP BUT AT THE SAME TIME
AIRLINES ARE FORCED TO RAISE THEIR PRICES, TRUCKING COMPANIES ARE FORCED
TO RAISE THEIR PRICES WHICH AFFECTS PRICES ON EVERYTHING THAT IS SHIPPED.
THINGS LIKE FOOD, CLOTHING, BUILDING SUPPLIES MEDICAL SUPPLIES ETC. WHO
PAYS IN THE END? WE DO!
WE CAN MAKE A DIFFERENCE.IF THEY
DON'T GET THE MESSAGE AFTER ONE DAY, WE WILL DO IT AGAIN AND AGAIN. SO DO
YOUR PART AND SPREAD THE WORD. FORWARD THIS EMAIL TO EVERYONE YOU KNOW.
MARK YOUR CALENDARS AND MAKE June
14 th
A DAY THAT THE CITIZENS SAY "ENOUGH
IS ENOUGH"
We forward so many junk email to many of our friends, now
let us do it for some useful cause to cut down the price of the petrol ..
....
REMEMBER :
June 14 th
--
Pradyumna Goli
-- With Regards,
G. Partha
Sarathi Email:nee.sarathi@gmail.com 09490936047
