The decision to further liberalise the FDI and its impact on Indian ecponomy

Well in my opinion India is struggling with poor saving-investment ratio as its one-fourth people lives below poverty line and the middle class at large spend more of their income in consumption. In such case FDI is much needed to push the economy from low level equilibrium trap. However Modi’s policy to further liberalise FDI, no doubt will appreciate foreign investors in the country as India remains the favorite destination for the investment in global crisis. But more than just investment India expects new and innovative technologies especially in defence sector from the foreign companies.

However my concern is more about the future. When these multi giants companies will get establish, they might force domestic production houses to exit as they will be more technologically advance and cost efficient. So to combat such situation India policy makers have to keep an eagle eye over the market functioning. They must have to formulate policies by which they can use their technologies to develop domestic industries rather than to get used. FDI in India can be means to achieve economic progress of the country but itself is not the end and neither the ultimate solution for all the economic problems.

Modi government decision on FDI should also not seen by isolating political opportunities. The declaration on FDI is sudden and came at a time when RBI governor Raghuram Rajan announces his decision to not to continue his tenure as RBI Chairperson. And at the same time government was facing enough criticism from all over the masses on harassing Mr. Rajan, so it may be a political tactics to divert the issue as pointed by Congress leader Jairam Ramesh. However this decision may be to support exchange as there were speculations that share market will drop by his announcement.

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Excerpt from Fidel Castro's speech at Havana's May Day celebrations on May 2, 1961 - Less than two weeks after the Bay of Pigs invasion

We have been witnesses, all of us Cubans, of every step taken by the revolution, so maybe we cannot realize how much we have advanced as fully as can be understood by visitors, particularly those visitors from Latin America, where today they are still living in a world very similar to the one we lived in yesterday. It is as if they were suddenly transported from the past to the present of our revolution, with all its extraordinary progress as compared to the past. We do not intend tonight to stress the merit of what we have done. We merely want to locate ourselves at the point where we are at the present. We had a chance today to see genuine results of the revolution on this May Day, so different from the May Days of the past. Formerly that date was the occasion for each sector of labor to set forth its demands, its aspirations for improvement, to men who were deaf to the working class interests, men who could not even accede to those basic demands because they did not govern for t...

Communal Riots and their Cure by Bhagat Singh

भारत वर्ष की दशा इस समय बड़ी दयनीय है। एक धर्म के अनुयायी दूसरे धर्म के अनुयायियों के जानी दुश्मन हैं। अब तो एक धर्म का होना ही दूसरे धर्म का कट्टर शत्रु होना है। यदि इस बात का अभी यकीन न हो तो लाहौर के ताजा दंगे ही देख लें। किस प्रकार मुसलमानों ने निर्दोष सिखों, हिन्दुओं को मारा है और किस प्रकार सिखों ने भी वश चलते कोई कसर नहीं छोड़ी है। यह मार-काट इसलिए नहीं की गयी कि फलाँ आदमी दोषी है, वरन इसलिए कि फलाँ आदमी हिन्दू है या सिख है या मुसलमान है। बस किसी व्यक्ति का सिख या हिन्दू होना मुसलमानों द्वारा मारे जाने के लिए काफी था और इसी तरह किसी व्यक्ति का मुसलमान होना ही उसकी जान लेने के लिए पर्याप्त तर्क था। जब स्थिति ऐसी हो तो हिन्दुस्तान का ईश्वर ही मालिक है। ऐसी स्थिति में हिन्दुस्तान का भविष्य बहुत अन्धकारमय नजर आता है। इन ‘धर्मों’ ने हिन्दुस्तान का बेड़ा गर्क कर दिया है। और अभी पता नहीं कि यह धार्मिक दंगे भारतवर्ष का पीछा कब छोड़ेंगे। इन दंगों ने संसार की नजरों में भारत को बदनाम कर दिया है। और हमने देखा है कि इस अन्धविश्वास के बहाव में सभी बह जाते हैं। कोई बिरला ही हिन्दू, मुसलम...

Goodbye Letter to his (Che Guevara) Children

If you read this letter one day, it will mean that I am no longer alive. You will hardly remember me, and the smallest among you will have entirely forgotten me. Your father was a man who acted as he thought best and who has been absolutely faithful to his convictions. Grow up into good revolutionaries. Study hard to master technique, which gives you mastery over nature. Remember that it is the Revolution which is important and that each of us, taken in isolation, is worth nothing. Above all be sensitive, in the deepest areas of yourselves, to any injustice committed against whoever it may be anywhere in the world. Yours always, my children. I hope to see you again. A big strong kiss from Daddy. Click here for the source

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