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Chit-Chat / Your Interests Talk about your interests, ambitions, obsessions. Relax, unwind and make friends. Small talk about anything you wish. It's time to lay back and relax, you don't have to make sense. You are bound to find someone who thinks like you do. From soccer to poetry to adventure sports, this is the place for you! Be Nice and Friendly to fellow users :).

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HitchHiker
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Talking 22-06-2005, 11:54 AM

Quote:
Originally Posted by DesiGuru
Ok Ok You are telling me you get it, but the above is completely out of this world...
Empowering the poor through education is a really really common good idea...so far so good.. Just read what you have posted later... the smart ones will understand the concept of an industrial unit after the poor are educated...
Oh Baby come on... The smart get more options for employees if the poor are educated, because there could be some educated poor who are useful to their business... poor cant teach everybody how to run a business...
Ofcourse some of the educated poor could get smart enough to start their own companies... All the reasons education is always considered a great national investment...

I hate to stop on this but it is hard for most indians to understand the macro level play here... Most Indians living here have absolutely no idea how the real world works outside... Rhetoric sounds good. What sounds good is not good. No one denies we should do everything possible to eliminate poverty... I think we are at 20% poverty level here... If our top economists, ministers, businessmen do a great job we could be at 5-10% in the next 25 years... But lets not kid ourselves... even america has a shitload of poor even percentage wise... Whatever you do... there will be a shitload of losers and a shitload of poor... if you think they are separate entities...

I think this country is already talking about spending money and investing in Infrastructure.... Roads, Highways are also good investments... When distances between two places become smaller, business is better between the two...
Infrastructure is good for the long term but expensive...

India hailed socialism till not long ago... Everybody's equal... congress ka haath gareeb ke saath aur kya kya....
The fact is everybody is not equal... Some guys make billions, some guys cant make 1000rs a month... You give the same everything to both... the billion guy will make a billion+ & the rs1000 guy will make rs3000... the billion guy will build a company and create 1000 jobs(taken by folks like you and me maybe!), the rs1000 guy will build a company and then that company will fail... Thats why socialism is a disaster. If you show too much pity on the losers the good ones lose their jobs... the new ones dont get employment...

If you set your thinking that i am building this infrastructure to be used by the poor because they are poor you will destroy that infrastructure... Not all the poor have the ability to be rich overnite... Most of them have to accept becoming peons, clerks and work at lower levels. The next gen can grow up to be higher maybe...

This is the plain reality of human capital development. What you can best try to develop is the potential in the humans however poor or rich that live here thro education...
And then let the most capable takeover the task of creation of wealth, companies, products... If you interfere in their working too much that is a disaster... If you intervene in the natural order of things too much by giving the less competent, more chances thats a disaster...

The only thing you are harping on is that the poor are at such a disadvantage with the rich and hence special treatment for them. And all i am harping on is whatever happens keep emotions and 'what sounds good' out of this and always, not almost always, always, in all cases only look at human potential. So the odds are against you if you are poor, So fight the tough fight. And Show me the Money...

K
Dude! Had you been interested in the topic at hand, you'd have figured out that "The smart ones" refers to the smart ones among the poor (the people we've been discussing remember? do keep up ) It has me in splits to see you say

Quote:
Originally Posted by DesiGuru
poor cant teach everybody how to run a business...
hehehe... Going forward... I'll will spell things out... so please note "Poor" and "Smart" are not disjoint sets... and neither are "Rich and "Not Smart"!!




You keep saying don't give preference to the poor... sure man, and always look both ways before crossing the road... oh wait... no one has mentioned that!

Sure, lots of those smart but poor guys could just murder some rich guy one night, take his money and start some racket and become empowered. No doubt, according to you that's completely fine.... hell the poor have to dig themselves out of their own pit right? so go on kill someone for money... problem solved! They's get to "Show you the money" eh?

There is of course a slightly more intelligent and efficient way of doing it... since you know... murder is frowned upon in a civilized society and all that... without the poor having to kill some rich "smart" guy like you or me. Maybe, if the poor have a chance to go to school and college... maybe just maybe they'll just get a job at the rich guy's office, come up with smart ideas and earn money!

Some of them ("Them" being the poor... just in case you don't get it like the last time) of course, won't crack it and make a billion+ a month... but heck, maybe it's enough they don't starve... their children can have another go at it (and this time, they don't have to go to Govt funded schools).

This, incidently, has the macroeconomic advantage of creating a consumer (the guy who spends in an economy)... that's considered good by industrialists.... but you already knew that of course, unlike most Indians who just don't "understand the macro level play here".

I'd comment on the relevance of the roads and highway infrastructure (did you just look up what infrastructure means man? ) and most of your beautiful reply but i just don't feel like it right now...

As usual, eagerly awaiting your insightful eco-philosophical analysis...

Last edited by HitchHiker; 22-06-2005 at 01:11 PM..
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exports ,imports - 07-07-2005, 12:41 PM

ppl ,i wanna knw abt india's trade with foriegn countries, 5 countries rsnk wise to which india's exports are max and similarly for imports,can anybody guide me where i can find information
   
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02-08-2005, 10:19 AM

Hi Guys,

I read this article in Hindu. .. but was stumped by so many economics-related words/phrases. Being an engineering student, I found it a little difficult to understand it clearly. Could someone please explain me the following:

Balance of payments- What is implication of this balance being big/small?
Merchandise trade deficit - What is trade deficit in general? Why does the author differentiate between merchandise trade and others?
Remittances- I think it means the amount that a company has to get remitted from its client. Could you confirm?
Liquidity risks: What is this? Liquidity means that amount of cash in market (i think!!) but what is the effect of having a lot of it or less of it in market.
Hedge fund activities:- don't have an idea at all.
Excessive leveraging:- don't have an idea at all.
What is the meaning of risks getting under-priced? Who prices a risk?

All the above terms, I took out from the Hindu editorial on July 31,2005. Here is the link to the same:
http://www.hindu.com/2005/08/01/stor...0104471000.htm


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02-08-2005, 02:51 PM

Quote:
Originally Posted by ankursanghi
Hi Guys,

I read this article in Hindu. .. but was stumped by so many economics-related words/phrases. Being an engineering student, I found it a little difficult to understand it clearly. Could someone please explain me the following:

Balance of payments- What is implication of this balance being big/small?
Merchandise trade deficit - What is trade deficit in general? Why does the author differentiate between merchandise trade and others?
Remittances- I think it means the amount that a company has to get remitted from its client. Could you confirm?
Liquidity risks: What is this? Liquidity means that amount of cash in market (i think!!) but what is the effect of having a lot of it or less of it in market.
Hedge fund activities:- don't have an idea at all.
Excessive leveraging:- don't have an idea at all.
What is the meaning of risks getting under-priced? Who prices a risk?

All the above terms, I took out from the Hindu editorial on July 31,2005. Here is the link to the same:
http://www.hindu.com/2005/08/01/stor...0104471000.htm
ahemm...

m glad to see this thread being revived after a long time and that too by a n00b on the therad...and sure I am that lot of school of thoughts is going to give him lotsa lessons!! and I can see DonB, Aasif and HH thrwoing themselves around to satiate the thirst of our n00b pal

well, this my 2 paisa:

1. Mechandise trade deficit is = Import - Export (that is the reason USA is pressuring China for Yuan appreciation...major chunk of USA trade deficit is coz of Chinese cheap export to USA.)

2. Liquidity = this is an important factor, at least, in the time like this...that can draw u to the high rate of inflation. e.g. if there is more money chasing the same good (read High Liquidity), then there will be a high rate of inflation...also if liquidty is very less, there won't be any investment.

So, Reverse Repo rate, Savings Interest Rates, Bank liquidity % all these are the tools for controlling inflation.

Heduge fund, Excessive levearaging --- too much technical and I too can't explain though I understand a bit myself...so I leave it to Economists like DonB, HH and Aasif...

This was just and engineer's perspective,


PS: Ankurjiiiiiiiiii sharab dhire dhire pite hai...aap to neat marne me hi lage hai, kahi hangover na ho jaye


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what i distinctly understand about "Hedge Funds"
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what i distinctly understand about "Hedge Funds" - 08-08-2005, 11:01 AM

Hedge funds are those co.s which invest the money in markets with high returns for shorter periods of the investment cycle in order to minimise the risk of loss in case of any adversity in the market. these funds enter the stock markets using participatory notes or p-notes. These sort of funds originated in the US and are known to produce really hgh rate of returns. They are known to b extremely dangerous and leave a trail of destruction whenever they withdraw from the market. this is evident from what we popularly know as the "Black monday". The Hedge fund in this case is "UBS securities", i think!!!.

This is the particular reason why most of the regulators want to have more regualtions in place to monitor the activities of these funds and also want to now who are the ppl incharge of these funds. This is evident from the meeting of the regulaotrs somewhere abroad who have a paper ready on the ways to tackle the menace of these funds but also want them in the market to have liquidity. the very reason why UBS was banned was because the fund which issued a p-note for it, refused to divulge any info about it. this had become a bone of contention between many FIIs,RBI and SEBI, which finally led to the expulsion of UBS

Last edited by shark07; 08-08-2005 at 11:12 PM..
   
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08-08-2005, 11:39 AM

Thanks bhai log!! Only you peeps can make me understand in my terms...

My post sounded like I know nothing about economics terms... which is rather true.

I will post more doubts after i get some more answers to the existing questions...


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08-08-2005, 11:49 AM

hi

it is realy a good idea ,don't wait & look that other people r participating in it or not just give as much as can,this is a bit new to me but i will also try to contribute anything relevent.GOOD LUCK

Quote:
Originally Posted by misha
i hope theres no thread on this topic already.........
my aim of starting the thread.....we can discuss some of the present indian economic issues like, TRIPS and the present patent regime and pros and cons for the indian pharma, End of the textile quota and its effects and history, FIIs, Cmparisions with the Dragon......etc etc..........hope to see some contributions soon..............
got to continue with some search work so will be adding my bit after some time
   
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11-08-2005, 02:04 AM

what about fda's?
   
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11-08-2005, 10:29 AM

Quote:
Originally Posted by kamakazi
what about fda's?
hi
i don't know about FDA ,but there a exist one term called FDI[Foreign direct investment].
i think further clarification can be done by who has started this thread i think that person has knowledge in this area.
GGOD LUCK
   
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11-08-2005, 10:30 AM

Quote:
Originally Posted by kamakazi
what about fda's?
hey whats that
   
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