05-28-2004, 04:30 PM
<!--QuoteBegin-Mudy+May 28 2004, 10:55 AM-->QUOTE(Mudy @ May 28 2004, 10:55 AM)<!--QuoteEBegin--> <b>Rahul Gandhi owns 83% in mystery Mumbai firm</b>
BS Bureau in Mumbai | May 28, 2004 08:51 IST
<b>Rahul blah blah blah</b> <!--QuoteEnd--><!--QuoteEEnd-->
I don't see anything wrong in R. Gandhi owning 83% of a company which is doing legitimate business. I am unable to understand the problem here.
What are these news reporters complaining about?
1. Small company getting contracts on big projects
It is quite common in US to see high tech companies having a very high per capita revenue (and profit sometimes). I can give any number of examples, but MicroSoft would suffice.
2. There is an underlying assumption that the contract value is very high. After a little reflection, one can easily surmise that what the company does is to prepare drawings, most probably on some architectural CAD/CAE software packages. They are not the general contractors - probably they are just sub-contractors for just one small part in the listed projects.
3. Usually small companies of this type (i.e. companies in engineering/structural analysis consulting) are privately owned and need not have to disclose any of their dealings to the general public at large (at least in the US).
4. It is a sad commentary on the Indian psyche (which I believe has been created by all the preceding govts. most notably the CONG(I) ones) that anybody and everybody who is in business must be a crook. The underlying implication that "making money is bad" smacks of extreme commieness.
I would not give any credence to these reports until and unless there is some indication of wrong doing. I suggest that we hold our horses and not be blinded by our antipathy towards the Congi-Commies.
BS Bureau in Mumbai | May 28, 2004 08:51 IST
<b>Rahul blah blah blah</b> <!--QuoteEnd--><!--QuoteEEnd-->
I don't see anything wrong in R. Gandhi owning 83% of a company which is doing legitimate business. I am unable to understand the problem here.
What are these news reporters complaining about?
1. Small company getting contracts on big projects
It is quite common in US to see high tech companies having a very high per capita revenue (and profit sometimes). I can give any number of examples, but MicroSoft would suffice.
2. There is an underlying assumption that the contract value is very high. After a little reflection, one can easily surmise that what the company does is to prepare drawings, most probably on some architectural CAD/CAE software packages. They are not the general contractors - probably they are just sub-contractors for just one small part in the listed projects.
3. Usually small companies of this type (i.e. companies in engineering/structural analysis consulting) are privately owned and need not have to disclose any of their dealings to the general public at large (at least in the US).
4. It is a sad commentary on the Indian psyche (which I believe has been created by all the preceding govts. most notably the CONG(I) ones) that anybody and everybody who is in business must be a crook. The underlying implication that "making money is bad" smacks of extreme commieness.
I would not give any credence to these reports until and unless there is some indication of wrong doing. I suggest that we hold our horses and not be blinded by our antipathy towards the Congi-Commies.