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Mar 1, 2011

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15 Top Reasons To Set Up Business in India

Doing or running a successful profitable business is always a tough job anywhere in the world. It requires extreme business acumen, skill, knowledge and it needs to comply with various rules & regulations that often contradict with “business interests”. Thankfully there is only one such country in the world, INDIA, where different sets of skills and knowledge is required to run a profitable business.

1. No Infrastructure Cost: Business skills or knowledge is never important. Good political connection is the only pre-condition.

2. Guaranteed Return on Capital: Setting up a political connection is very easy. One needs to spend a little, but the value-for- money spent on setting up the political connection is GUARANTEED.

Chief Minister of Indian state with Indian currency garland at public.No case against her for disrespect of National currency and her huge disproportionate wealth

3. Abundance of Resources: The only country where one can buy anything, literally. Patriotism, pride, freedom, loyalty everything has a sale price and ready seller.

4. Widely Accepted Values: The most satisfactory relief is NO OFFENDER IS EVER GET PUNISHED. Adulteration, cheating, corruption, bribery, homicide, misrepresentation, theft, encroachment and all such things are widely acceptable legally and socially. Neither Govt. of India nor society of India ever understands why rest of the world is concerned about those things!

5. Huge Potential In Service Sector: India has always been a country where Value-Added-Service (VAS) is prevailed. Hospital, Police Station, Municipal Corporation, Government enterprises wherever you need a service you need to pay a value. So a huge GDP growth is registered through the service sector.

Indian railway Minister, Mamata Banerjee with Maoist terrorist Chatradhar Mahato

6. Simple and User Friendly Laws: Indian laws are made to make people aware that, what one must not follow to avoid punishment. Caution: Abiding law may attract penalty, punishment and endless harassments.

7. No Commitment Required: If one care for an accountability then India is never the right place to set up a business. Indian law makers, social media carefully avoids accountability. So following-what- you-preach is never a burden in India.

8. No Legal Expenses: Getting justice has always been costly and time consuming affair in India (More than hundred years ago a writer and judge of British ruled Indian judicial service said, “Laws are only Jokes in India. Only rich and affluent can afford that joke.” Independent Indian Government strictly follows that British legacy.). Riches don’t need to go court poor can’t afford to go to court. So legal expenses are nil to run a business in India.

9. Smooth Transition Inside Country: Green bucks printed and published by Reserve Bank of India is the only union bondage, No other thing binds India together. So no business house need not to worry about nationwide wrath/rejection. No such nation is there in India.

10. Fail Proof Marketing Mechanism: Every banned drug in the world finds a safe home in India. So, never worry about wastage of raw material or labour expenses incurred to make that forbidden product. Pay a little amount to Indian minister and he/she will pay you back by assisting to sell that to Indian public.

11. Huge Ready Market: Barring a few states, almost all Indian States have more people than any five European countries combined together. So a ready market is always available in any Indian State.

12. No Expenses On Social Securities: Indian Governments enthusiastically assist business houses and therefore, neither it spends for social securities to its citizens nor imposes any such condition to commercial establishments. So no worries on cost escalation.

13. Humble people: Although India has 120 billion+ population but Indian Govt. thinks, makes, amends benefits for about 100 million odd people. Their growth is India’s growth, their worries is India’s worries, their joy is India’s pride….rest are given single day democracy - voting rights. Benefitted Indians seldom exercise their franchise, those who exercise their franchise seldom gets any real benefit.

14. Cheapest Labour & Consistent Government Policy:A pizza is price anywhere between INR Rs.200-Rs450 but a daily labourer gets Rs.80-Rs120 per day. All the amnesty (!) schemes are announced and debated in the Indian Parliament to be hushed up by the related minister and his blessed persons. If revealed, the concerned minister/politician/offender get very honourable exit route by Govt. of India/State Govt. by putting the matter sub-judice /investigating commission and again another amnesty scheme is announced with same fate.

Indian Prime Mister looks happy with his Corrupt colleague A Raja

15. A Unique Democracy: Indian politicians and Ministers are awfully rich and they have never loss of appetite for money. They enjoy so many benefits and so much powers any Roman Emperor/Russian Czar/ medieval feudal Lord could ever dreamt of. Indian democracy is of the fewer people by the fewest people for rest of the people. Managing Indian politicians or Ministers is the easiest job of the world. A Swiss Bank account, few foreign trips could earn anyone an entire iron ore mine for just one Rupee for 99 years! So no recurring expenses year after year.

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Jan 21, 2011

It's foolish to save money!

Indian Prime Minister

Excerpts from an article written by an Indian Economist
Japanese save a lot. They do not spend much. Also, Japan exports far more than it imports. Has an annual trade surplus of over 100 billions. Yet Japanese economy is considered weak, even collapsing.

Americans spend, save little. Also US imports more than it exports. Has an annual trade deficit of over $400 billion. Yet, the American economy is considered strong and trusted to get stronger. But where from do Americans get money to spend? They borrow from Japan , China and even India .

Virtually others save for the US to spend. Global savings are mostly invested in US, in dollars. India itself keeps its foreign currency assets of over $50 billions in US securities. China has sunk over $160 billion in US securities. Japan 's stakes in US securities is in trillions.

Result:

The US has taken over $5 trillion from the world. So, as the world saves for the US - Its The Americans who spend freely. Today, to keep the US consumption going, that is for the US economy to work, other countries have to remit $180 billion every quarter, which is $2 billion a day, to the US !

A Chinese economist asked a neat question. Who has invested more, US in China , or China in US? The US has invested in China less than half of what China has invested in US.

The same is the case with India . We have invested in US over $50 billion. But the US has invested less than $20 billion in India .

Why the world is after US?

The secret lies in the American spending, that they hardly save. In fact they use their credit cards to spend their future income. That the US spends is what makes it attractive to export to the US . So US imports more than what it exports year after year.

The result:

The world is dependent on US consumption for its growth. By its deepening culture of consumption, the US has habituated the world to feed on US consumption. But as the US needs money to finance its consumption, the world provides the money. It's like a shopkeeper providing the money to a customer so that the customer keeps buying from the shop. If the customer will not buy, the shop won't have business, unless the shopkeeper funds him. The US is like the lucky customer. And the world is like the helpless shopkeeper financier.

Who is America 's biggest shopkeeper financier? Japan of course. Yet it's Japan which is regarded as weak. Modern economists complain that Japanese do not spend, so they do not grow. To force the Japanese to spend, the Japanese government exerted itself, reduced the savings rates, even charged the savers. Even then the Japanese did not spend (habits don't change, even with taxes, do they?). Their traditional postal savings alone is over $1.2 trillions, about three times the Indian GDP. Thus, savings, far from being the strength of Japan , has become its pain.
Hence, what is the lesson?

Jagdish Bhagwati

That is, a nation cannot grow unless the people spend, not save. Not just spend, but borrow and spend. Dr. Jagdish Bhagwati, the famous Indian-born economist in the US , told Manmohan Singh that Indians wastefully save. Ask them to spend, on imported cars and, seriously, even on cosmetics! This will put India on a growth curve. This is one of the reason for MNC's coming down to India , seeing the consumer spending.

'Saving is sin, and spending is virtue.'

But before you follow this Neo Economics, get some fools to save so that you can borrow from them and spend!!!

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Pet Money!

Indians are fond of pet names. They even called MONEY by pet name! Specially big sums of money are often called in pet names alone! Besides old pet names for big sums now they added few more pet names for BIG BUCKS.

1 LAKH (1/10 MILLION) = 1 PETI

1 CRORE (10 MILLLION) = 1 KHOKA

500 CRORE (5 BILLION) = 1 KODA

1000 CRORE (10 BILLION) = 1 MAYAWATI

10000 CRORE(100 BILLION) = 1 KALMADI

100000 CRORE(1000 BILLION) = 1 RAJA

10 KALMADI+1RAJA = 1 SHARAD

10 SHARAD PAWAR =1 MADAM

Who is MADAM? In INDIA nobody dares to ask!

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Jan 12, 2011

Indian democracy is a FARCE!

So called ‘the largest democracy in the world’, INDIA- is nothing but a farce. Eyewash that Indian politicians follows and practices religiously so the greater world or civilised society outside India could hardly believe that DEMOCRACY NEVER EXISTS IN INDIA.

What’s wrong? Why it never exists but only seems ‘INDIA is a democratic country’?

The holy word about democracy is always been “it is by the people, for the people, of the people”. No way Indian democracy is by the people, for the people, of the people.

Why it is not by the people? Or, Why majority’s views/opinion never reflects?

India follows such a democratic pattern where majority’s view never reflects. Following an example to understand this pattern and it happens by letter and spirit.

Suppose in a constituency there are 15 voters. Vote seeker/candidates are 5 e.g. A B C D E.

Now A secures 5 votes, B secures 4 votes, C secures 3 votes, D secures 2 votes, and D secures 1 vote. In Indian system A got ‘elected’ although he secures only 1/3rd mandate or, in other words 66.66% or whooping majority opinion against his/her election! No way has majority opinion reflected!

INDIAN POLITICIANS NEVER TRY TO CORRECT THIS PATTERN WHERE TRUE MAJORITY OPINION REFLECTS AND REAL DEMOCRACY EXISTS!

Besides, false electoral roll, terrorise/threat people for not to exercise their franchise are some of the ‘democratic practices’ Indian politicians always adopt!

Why it is not for the people? Or, Why people’s concern/opinion never bothers ruling politicians?

Value added services may be a new phenomenon to corporate world but Indian democracy better to say Indian politicians practices this since independence. Anything and I repeat a-n-y-t-h-i-n-g you could get done in India by paying to ruling politicians! (One wonders why China trying to be bullish with India when they can done it easily and silently by paying few million dollars in Indian politicians Swiss bank accounts!) Bribery (or, VALUE ADDED SERVICES!) is the most cash generating ‘businesses’ in India.

Corruption is so vivid and widespread that ’becoming a politician’ is the most sought after career choice for the cunning people in India. Each national and state level politician has either Swiss Bank account or pseudo named account in Indian banks where billions of Rupees black money deposited. No politicians bother to unearth this despite recent Swiss government’s announcement that Swiss Banks are ready to disclose names if Indian government asked for such.

Few examples of Indian corruption would be easier to understand. (AND THESE ARE LITERALLY JUST TIP OF THE ICEBERG! Indian corruption is fathomless and each service, private or public, is corrupted of variety kinds.)

Recently concluded Common Wealth Games’ (in New Delhi) estimated budget expenditure was $4billion dollar where the politician who was in charge of the affairs did expense $24 billion dollars! No Indian agency booked him for such misuse of public money!

Indian Telecom ministry awarded telecom licenses to various companies $36billion dollar below current market price! Was he generous? Never! Rest money flows through under the table to ruling politicians!

In 1984 one of the worst Industrial disasters happened in Union Carbide’s Bhopal plant, in MP, India. Poisonous methyl isocyanate gas leaked from that plant and affected more than 80000 people. Many have died and many become incurably ill for life. Instead of catching and booking the offender company’s CEO the then Chief Minister (chief administrative person, who got ‘elected ‘by people) of the State helped him to flee the country! In fact he took special care so that nobody in India could stop him from flying away!

Media is considered the fourth estate of democracy. Other three are legislation, administration and judiciary. Barring few exceptions, Indian media seldom do its duties to unearth the loopholes/misdeeds of Indian politicians and widespread corruption! Especially vernacular media in India are unethically biased towards mightier political forces.

In Maharastra no vernacular media raise their voice against linguistic fanatics of the state who are openly and visibly disrespect Indian constituency.

In West Bengal, a central cabinet minister openly seeking support and giving shelter to armed militants (Maoist militia) to gain political power. Vernacular press shamelessly supporting every move of that valueless, visionless, vindictive politician from Bengal!

So Indian Legislator and administrators are CORRUPT.

Indian MEDIA are BIASED.

Only judiciary is the hope. But, unfortunately they can’t execute.

So INDIAN DEMOCRACY IS NEVER FOR THE PEOPLE.

Why Indian Democracy is not of the people?

India is the second largest population -1.3 billion and counting- of the world. India got more billionaires than Germany and Britain combined or nine times more than in the Africa continent! Still major portion of Indian population is very poor! By World Bank estimates, 80% of India's population lives on less than 2$ a day. According to a 2005 World Bank estimate, 41% of India falls below the international poverty line of US$ 1.25 a day. By the way, NEVER BELIEVE IN ANY DATA BY INDIAN GOVERNMENT! They are always manipulated and false representation of facts! (Manipulated)Weekly inflation data often uses by Indian government to manipulate Stock market prices or people’s sentiment. All regular food items price have raised 35-40 times whereas inflammation data shows it’s around 8%!!

No social security measures for so large number of poor people. Government never believes in up gradation of people’s living rather they insist on reservation system! It’s a unique system! In sovereign India besides linguistic and religious division there are thousands of subdivisions! Manipulative politicians never tries to make India one! Rather they indulge in creating more and more divisions, so that every group/subdivision got a kind of leader and got the pie! One thing Indian politicians do very well. Revenge! If anybody threats to expose their corruption Indian politicians must take revenge to stop that voice! I wonder, today’s civilised world hates Hitler’s fascism but they never seen Indian politician. Hitler’s fanaticism only a child’s play vis-à-vis Indian politicians cruel, vindictive mentality!

Ever wonder why India never does well in team games or sports in general? India could never gather spirited people who could become a cohesive force called team! There must be every sort of differences among team members and they pull each other down!

India has no dearth natural resources and India also got some quality human resource. But India lacks morality. General Indians are peace loving people and they are happy to have the lollipop which called adult franchise! Providing that lollipop to people, Indian politicians killing democracy everyday, every moment. God forbid, if today’s India face any major outside threat no one called ‘Indian’ will be there to save India!

Where is Indian democracy ‘of the people’?

Dear senzible!
I am following your blogs for many days.I notice your blogs are very popular. So I wish to let people know the fact of my 'poor motherland' through your blogs. Hope you'll not have any objections! These are facts and views are mine, so........
Kamal

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