The New Economic Policy and The Corporates.....

With the LPG (Libralisation, Privatisation and Globlisation) dont we see a sea change in our economy especially after the New Economic Policy was brought into in 1991......What an idea???

Kudos and thanks to almighty that we have people like Manmohan Singh, Chidambaram, taking care of our affairs.......

Nodoubt still there are strikes, and unrest...that the nationalised banks are being privatised, with increase in competition, only the fittest would be able to survive....Will the bigger fishes eat the smaller ones, and increase poverty?? Hope we will not have to wait and watch that scenario....There is no dirth to the mergers and acquasitions taking place daily. Earlier it was the foreigners only investing in India, now not only that we have FDI's , but there are many Indian corporates investing out....

There is more of security, with increase in insurance business.

Thanks for breaking the barriers, with improvement in communication, and other infrastructure....Travel and Tourism has improved.....

First it was only Tatas and Birlas, and Public Sector or Govt. organisations....Now we have great wealth creators in India like Other than Ratan Tata, Kumara Mangalam Birla, the Ambanis, Software Tycoons like Murthy and Premji, Bios...Kiran Majumdar, Vijay Mallaya, Mittals, Gopinath.......

Unlike China, we are far behind in technology, and technological growth. Hope with increase in the cost, soon the software trend in India would not slow down, and they opt for cheaper destinations outside India. And here is still a bad news, Obama sticks to anti-outsourcing stand. Indeed no one can ''shy away'' from globalisation. But also one has to be very careful while signing agreements and pacts......Especially like those of NTP, WTO, etc....


Finance Ministers then was wondering if they should sanction car industiries in India, or should they make our roads better first. They decided to do the first and felt that sooner the roads would be better, and they hopefully are right.

It was indeed a great news to hear about the latest Car Nano....Since then I was often wondering, that though the Tatas (and then there are news that Bajaj and many other companies are bringing out similar cheaper cars) are producing good locks the key is with Reliance and the like. Reliance has been trying to create a monopoly in most of the industry...with Petroleum in their hand.....

It was a good news to read that was published in The Hindu, and through Guardian Newspapaers Limited Mr. Goodwin sees three stages to a process of change: Converting all autos to diesel which can then runon biofuel, making the step to bioelectric and finally to hydroelectric, meaning cars will run on water........

Will this really happen?? Or is it like the news few years back in India, saying vehicles would run with water??? Let us wait and watch for some more time...It should not be imposible as it has been proved sometimes back that electricity can be produced even from walking......

In Middle East countries where petrols are cheaper than water, ordinary people can afford to have a car, but in country like India, though with the reduction in cost, people would be able to purchase a car..running and maintenance cost, plus the roads are a concern.

Have you ever thought of how much service tax you end up paying always!!!!