01-18-2009, 10:05 PM
My Webpage<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Undoubtedly, this is going to hurt the prospects of foreign money flowing into India in the near future as well; and it was anyway looking a little shaky in the aftermath of the Mumbai invasion and the prospect of war with Pakistan. This will help extend the liquidity crunch and will depress the stock market. After all, India, running a substantial current account deficit, has been using inflows to help fuel its rapid growth. At a time when the incoming US President is warning of trillion-dollar deficits, India is likely to suffer from a cash crunch. Thus the overall growth prospects of the country may also be affected. Thus, it is a disaster for the country on any number of fronts.
So who should take the ultimate blame, other than the Raju brothers? The SEBI, for lax oversight? The auditors, whose job it is to figure out any dubious things in the books? Isnât the then Finance Minister ultimately responsible, the Harvard-trained P Chidambaram? Or the Commerce Minister, Kamal Nath? How about Oxford-trained Manmohan Singh? It was on their watch that this large crime was committed. If people take their responsibilities seriously, the Prime Minister and the former Finance Minister should resign in shame.
There may be a political angle to the Satyam scandal. <b>Professor Vaidyanathan of IIM Bangalore has raised the possibility that there is a nexus between election-bound politicians and Satyam (Impending polls may have pushed Satyam off cliff, DNA, Jan 10, 2009). There are also allegations about gigantic transfers of wealth to private hands, for instance in the under-pricing of the wireless spectrum. Surely, the politicians who enabled the skimming off of public wealth would have gained something in the process, too?</b> There is something worrying in the quality of Indiaâs democracy if it sustains ââ and in fact needs ââ such fraudulent behaviour<!--QuoteEnd--><!--QuoteEEnd-->
Hello, Moron Singh is shameless. He is friend of terrorist and crooks, afterall he is babu appointed as PM of India.
So who should take the ultimate blame, other than the Raju brothers? The SEBI, for lax oversight? The auditors, whose job it is to figure out any dubious things in the books? Isnât the then Finance Minister ultimately responsible, the Harvard-trained P Chidambaram? Or the Commerce Minister, Kamal Nath? How about Oxford-trained Manmohan Singh? It was on their watch that this large crime was committed. If people take their responsibilities seriously, the Prime Minister and the former Finance Minister should resign in shame.
There may be a political angle to the Satyam scandal. <b>Professor Vaidyanathan of IIM Bangalore has raised the possibility that there is a nexus between election-bound politicians and Satyam (Impending polls may have pushed Satyam off cliff, DNA, Jan 10, 2009). There are also allegations about gigantic transfers of wealth to private hands, for instance in the under-pricing of the wireless spectrum. Surely, the politicians who enabled the skimming off of public wealth would have gained something in the process, too?</b> There is something worrying in the quality of Indiaâs democracy if it sustains ââ and in fact needs ââ such fraudulent behaviour<!--QuoteEnd--><!--QuoteEEnd-->
Hello, Moron Singh is shameless. He is friend of terrorist and crooks, afterall he is babu appointed as PM of India.