Let Us Make India Loot, Hunger, Pollution, Corruption Free

 

Let Us Make India Loot, Hunger, Pollution, Corruption Free 
 
I was looking at TOI story today in Business Section and discovered Market Cap of all SEBI listed companies was Rs.5,39,260 crores 2001-02 a decade ago that jumped to Rs.76,96,509 last year before falling to Rs.60,81,205 crores this year and peaked at Rs.100,00,000 crores when Sensex crossed 24000. 
 
Mukesh & Ambanis are twice more rich than 2001-02 Market Cap of all listed companies in 2001-02. 
 
Practically there is no World Class Achievement in R&D in this decade. 
 
While Corporate wealth expanded 12-20 times in a decade, food production barely matched population growth overall considering growth in Cotton & Milk & Poultry production but declined in per capita terms in case of average Indian staple foods – food-grains and pulses. 
 
There was actually decline in food production per capita and decline in real income of 70 crores farmers in 2001 to 80 crore farmers in 2011. 
 
Automobile production expanded 10 times in numbers to 15 times in value in this period. 
 
M800 was withdrawn and NANO introduced by Tata failed to impress consumers. 
 
When Steve Jobs, tech superman, equity in Apple was fewer than 2% how is that Amabanis own over 50% to even 93% family holdings in their companies. 
 
Let Us Pledge to – 
 
1. Equity holdings of Trading Family shall be reduced to 5%, R&D based start ups companies could own up to 100% but Rs.1000 crore 10 years plus R&D based companies to hold 25% to 50% promoter family equity. 
 
2. Qualified Farmers be funded to develop Agro, MSME industries, Housing & Rural Development projects. 
 
3. Double food production to 400 million tones. 
 
4. Develop new 150,000 MW & 500 BCM Dam Storage Capacity. 
 
5. India to promote Green Technologies & Nuclear Power and insist on Quality Control of every industrial product. 
 
6. Transparency in award of contracts to Qualified and Skilled bidders, enforce QC and monitoring of projects and works for five years or full service life of works. 
 
Ravinder Singh
Inventor & Consult 
Progressindia008@yahoo.com 
October26, 2011
 
Samvat 2067 a dampener, investors lose 17L cr
Sensex ends the year with 316 pts rise
TIMES NEWS NETWORK October26, 2011

Mumbai: Samvat 2067 is one that investors would probably like to forget in a hurry. Except for a few bright spots, the year that ended on Tuesday left most investors in the red, leading to a loss of nearly Rs 17 lakh crore, the second largest such dip in its trading history. Since Gujaratis dominate the street, the Samvat calendar, where Diwali is their new year, has a special significance for the bourses. 

    The year began with a bang, with the sensex closing at an alltime high of 21,005 on Diwali day last year, but unexpectedly it did not take much time for the to deal with unusual volatility in nearly every trading session, the BSE's market capitalization shrunk to Rs 60.8 lakh crore. 

    The year's brightest spot was the money investors made in PSU major Coal India. After having a blockbuster listing just a day before last year's Diwali session, the stock had raltide to turn. From 21K high in early November of 2010, the index had dipped below 16 K, down 25%, by late August. Since then it has recovered nearly 9% to its Samvat year-end close of 17,255 on Tuesday. On a point to point basis, the sensex lost 18% during last Samvat. In a year where traders on D-Street had lied past the Rs 415 mark by mid-June this year, a gain of 78% for retail investors since the IPO, which they got it at Rs 233 per share. During the year, Coal India was also crowned the most valued company in India, for a brief period. 

    One of the biggest disappointments of the year was SKS Microfinance. The micro-finance major had a blockbuster listing in August 2010, but a series of controversies and the subsequent government clampdown on the sector resulted in a sell-off in the counter. The stock, from its last Diwali close at Rs 992, has lost over 80% to its Tuesday close at Rs 192 on the BSE. As the market remained subdued for most parts, FIIs mostly churned their portfolio with net investments during the whole year down to just about $2.4 billion, compared to about $30 billion the previous year, that is Samvat 2066.