Monday, December 10, 2007

Is Mr.Undavalli a depositor of Margadarshi !

I had posted this comment on Dr.Jayaprakashnarayan's blog, reacting to a post discussing the Margadarhi & Mr.Undavalli feud:

Mr.JP spoke about Margadarshi episode was just, reasonable and unbiased. The issue was racked by Mr.Undavalli only to attract congress high command’s attention and to secure himself politically. It is obvious that the depositors of Margadarshi have reposed full faith in Mr.Ramoji Rao, otherwise thing would have been different. I leant from newspapers that Mr.Ramoji Rao has issued deposit certificates to all depositors in his capacity as the Kartha of his HUF.Which implies that he is directly responsible to repay every single deposit. He can be sued personally by any depositor. I don’t think any individual representing any FI in the world is personally liable under the law of their respective lands. I fail to understand, why people who have not deposited in Maragadarshi are making a hue and cry, when the depositors themselves are feeling safe and going about their life normally. On the face of it, it appears that, as Mr.Ramoji Rao writes against congress party in his Eenadu Mr.Undavalli ET el are targeting him albeit in a foolish way to say the least.

Saturday, July 7, 2007

GDP,Inflation,Forex reserves and Sensex

As a common man and Iam very confused about Govt boasting about GDP growth,Inflation under control (despite price rises),Forex reserves (I believe can't be used for nation building) and Sensex rise as a symbol of economic growth.

How do they determine gdp and Inflation ?


Me, as a common man seems to neither understand or get some fruits out of these mysterious growth/calculations !


I believe a few handful of people without knowing any ground realities sitting in Delhi come up with these magical figures.Can't there be some yardstick with which we can get a real picture of our country's economic status which people like me believe for real.

Saturday, February 10, 2007