Saturday 22 September 2012

RE: [www.keralites.net] PM Explains reasons for decision on FDI & Hike in Diesel, Gas Price

 

Dear all
 
Do anybody believe this ? the PM tells that he had not increased the prices of diesel and petrol for the last four years.  Then who increased the prices all these years?  how many time it came down to below $ 90/- per barel in the international market and any in such occassion, did our govt. decrease the price of those products.  Just fooling the people !!!!!
 
They are in centre for just looting the poor
 
Rgds
Gopal
 
 
 

To: Keralites@yahoogroups.com
From: pnair1966@yahoo.com
Date: Sat, 22 Sep 2012 01:09:38 -0700
Subject: [www.keralites.net] PM Explains reasons for decision on FDI & Hike in Diesel, Gas Price

 
PM Explains reasons for decision on FDI & Hike in Diesel, Gas Price
 
Prime Minister's Address to the Nation
Prime Minister, Dr. Manmohan Singh addressed the nation on 21st Sept. Following is the text of the Prime Minister's address:
"My dear brothers and sisters,
I am speaking to you tonight to explain the reasons for some important economic policy decisions the government has recently taken. Some political parties have opposed them. You have a right to know the truth about  why we have taken these decisions.
No government likes to impose burdens on the common man. Our Government has been voted to office twice to protect the interests of the aam admi.
At the same time, it is the responsibility of the government to defend the national interest, and protect the long term future of our people.  This means that we must ensure that the economy grows rapidly, and that this generates enough productive jobs for the youth of our country.  Rapid  growth is also necessary to raise the revenues we need to finance our programs in education, health care, housing and rural employment.
The challenge is that we have to do this at a time when  the world economy is experiencing great difficulty.  The United States and Europe are struggling to deal with an economic slowdown and financial crisis. Even China is slowing down.
We too have been affected, though I believe we have been able to limit the effect of the global crisis.
We are at a point where we can reverse the slowdown in our growth.  We need a revival in investor confidence domestically and globally.  The decisions we have taken recently are necessary for this purpose.
Let me begin with the rise in diesel prices and the cap on LPG cylinders.
We import almost 80% of our oil, and oil prices in the world market have increased sharply in the past four years. We did not pass on most of this price rise to you, so that we could protect you from hardship to the maximum extent possible.
As a result, the subsidy on petroleum products has grown enormously.  It was Rs. 1 lakh 40 thousand crores last year.  If we had not acted, it would have been over Rs. 200,000 crores this year.
Where would the money for this have come from? Money does not grow on trees. If we had not acted, it would have meant a higher fiscal deficit, that is, an unsustainable increase in government expenditure  vis-a-vis government income. If unchecked, this would  lead to a further steep rise in prices and a loss of confidence in our economy. The prices of essential commodities would rise faster.  Both domestic as well as foreign investors would be reluctant to invest in our economy. Interest rates would rise.  Our companies would not be able to borrow abroad.  Unemployment would increase.
The last time we faced this problem was in 1991.  Nobody was willing to lend us even small amounts of money then.  We came out of that crisis by taking strong, resolute steps. You can see the positive results of those steps. We are not in that situation today, but we must act before people lose confidence in our economy.
I know what happened in 1991 and I would be failing in my duty as Prime Minister of this great country if I did not take strong preventive action.
The world is not kind to those who do not tackle their own problems.  Many European countries are in this position today.  They cannot pay their bills and are looking to others for help.  They are having to cut wages or pensions to satisfy potential lenders.
I am determined to see that India will not be pushed into that situation.  But I can succeed only if I can persuade you to understand why we had to act.
We raised the price of diesel by just Rs. 5 per litre instead of the Rs 17 that was needed to cut all losses on diesel. Much of diesel is used by big cars and SUVs owned by the rich and by factories and businesses.  Should government run large fiscal deficits to subsidise them?
We reduced taxes on petrol by Rs. 5 per litre to prevent a rise in petrol prices. We did this so that the crores of middle class people who drive scooters and motorcycles are not hit further.
On LPG, we put a cap of 6 subsidised cylinders per year. Almost half of our people, who need our help the most, actually use only 6 cylinders or less. We have ensured they are not affected. Others will still get 6 subsidised cylinders, but they must pay a higher price for more.
We did not touch the price of kerosene which is consumed by the poor.
My Dear Brothers and Sisters,
You should know that even after the price increase, the prices of diesel and LPG in India are lower than those in Bangladesh, Nepal, Sri Lanka and Pakistan.
The total subsidy on petroleum products will still be Rs. 160 thousand  crores. This is more than what we spend on Health and Education together. We held back from raising prices further because I hoped that oil prices would decline.
Let me now turn to the decision to allow foreign investment in retail trade.  Some think it will hurt small traders. This is not true.
Organised, modern retailing is already present in our country and is growing. All our major cities have large retail chains. Our national capital, Delhi, has many new shopping centres.  But it has also seen a three-fold increase in small shops in recent years.
In a growing economy, there is enough space for big and small to grow.  The fear that small retailers will be wiped out is completely baseless.
We should also remember that the opening of organised retail to foreign investment will benefit our farmers. According to the regulations we have introduced, those who bring FDI have to invest 50% of their money in building new warehouses, cold-storages, and modern transport systems.   This will help to ensure that a third of our fruits and vegetables, which at present are wasted because of storage and transit losses, actually reach the consumer. Wastage will go down; prices paid to farmers will go up; and prices paid by consumers will go down.
The growth of organised retail trade will also create millions of good quality new jobs.
We recognise that some political parties are opposed to this step.  That is why State governments have been allowed to decide whether foreign investment in retail can come into their state. But one state should not stop another state from seeking a better life for its farmers, for its youth and for its consumers.
In 1991, when we opened India to foreign investment in manufacturing, many were worried. But today, Indian companies are competing effectively both at home and abroad, and they are investing around the world. More importantly, foreign companies are creating jobs for our youth — in Information Technology, in steel, and in the auto industry. I am sure this will happen in retail trade as well.
My Dear Brothers and Sisters,
The UPA Government is the government of the aam aadmi.
In the past 8 years our economy has grown at a record annual rate of 8.2 per cent.  We have ensured that poverty has declined much faster, agriculture has grown faster, and rural consumption per person has also grown faster.
We need to do more, and we will do more. But to achieve inclusiveness we need more growth. And we must avoid high fiscal deficits which cause a loss of confidence in our economy.
I promise you that I will do what everything necessary to put our country back on the path of high and inclusive growth.  But I need your support.  Please do not be misled by those who want to confuse you by spreading fear and false information. The same tactics were adopted in 1991. They did not succeed then. They will not succeed now. I have full faith in the wisdom of the people of India.
We have much to do to protect the interests of our nation, and we must do it now.  At times, we need to say "No" to the easy option and say "Yes" to the more difficult one. This happens to be one such occasion. The time has come for hard decisions. For this I need your trust, your understanding, and your cooperation.
As Prime Minister of this great country, I ask each one of you to strengthen my hands so that we can take our country forward and build a better and more prosperous future for ourselves and for the generations to come.
Jai Hind."
Best Regards
Prakash Nair
Prakash@yourownadviser.com

www.keralites.net


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[www.keralites.net] Tata AIA Life launches Unit linked plan “ Suraksha Kosh

 

 
Tata AIA Life's Suraksha Kosh is a unit-linked plan where death benefit is enhanced by a combination of sum assured plus the total fund value
 
Mumbai: Tata AIA Life Insurance has launched 'Suraksha Kosh', a non participating market-linked endowment plan covering risks of premature death, disability post an accident and critical illness or surgery, reports PTI.
 
"Suraksha Kosh provides to customers to get the best from their investments on a unit-linked platform as also meet their desired saving goal without worrying about the risk of death, dismemberment and onslaught of medical exigency like a critical illness," company's managing director Suresh Mahalingam said in a release issued here.
It is a unit-linked plan where death benefit is enhanced by a combination of sum assured plus the total fund value.
Suraksha Kosh offers the customers the opportunity to choose from a range of eight investment funds as per their risk profiles.
It offers a flexible policy term from 15 to 40 years and is available to individuals from the age 18 to 50 years with maximum maturity age of 65.
Its premiums paid are eligible for tax benefits.
Tata AIA Life is a joint venture between Tata Sons and AIA Group.

Note: Please consult your Financial Planner before investing in this Insurance Plan.  This is not a recommendation to invest in any insurance plan. I am not an agent/representative of any insurance/investment company.
 
Best  Regards
Prakash Nair 
prakash@yourownadviser.com 

www.keralites.net

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[www.keralites.net] CBI Cautions against misleading E-Mails purported to be sent by CBI

 
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Re: [www.keralites.net] Spoken English

 

GO  download u torrent from site, this is a down load machine,then you search from kick ass torrent,write there effortless English speaking course,this is wonderful one of the world best spoken course, it is very easy for you,you can save your mobile or iPod,just listen and answer his question as you can 

Thanks
Dhaneesh cp
kuwait

On Sat, Sep 22, 2012 at 8:58 PM, I.azpyr <i.azpyr@gmail.com> wrote:
 

Dear friend,
 If you know basic English grammar and read a lot of English still hesitant to speak out, the best option is Kev Nair's FLUENTZY course. The best one in language training with a unique patented formula that suite perfectly to a mallu speaker who all face the same problem of thinking in Malayalam and speaking in English with an explicit mother tongue influence . You can trust this course with just one precursor- that you have to spent at least an hour daily till you feel comfortable in public, may be six months or may be an year or long. It pays for sure. Just go through their free ebook catalogue and pay for their ebook course,if you find it interesting. Just google the course and this course is not available for free in the Internet, not even in torrents.

-amal


Sent from my iPad


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Re: [www.keralites.net] distance education for MA Malayalam

 
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