Category: Economic

Posted in Economic

The small and big of the things in the world.

Posted on by veeskitchen

What an inspiring speech by the Singapore PM on tariffs imposed by the US! One could be smaller in stature but tall and imposing when it comes to honour,dignity and shame. How should a head of a state be at all. Class is character. Elegance is the grace of our soul. How reassuring this great man sounds to his abject population. This tiny independent nation stands to lose a lot because of reciprocal tariffs. But remember, we live in a world where the west condemned India for manufacturing and distributing Covid vaccine for free to third world African and Asian countries, because it impacted the sales pitch of their pharma industries. This is also why India cannot be the next China or America ever in history. We are a nation guided by our Dharmic values NOT CHRISTIAN. You do WHAT IS RIGHT WHATSOEVER.

As for Singapore, they buy even their water from their neighbour Malaysia. They have a sound economy and are a center for academics and medical sciences and technology. A peaceful model nation from who advanced first world countries can learn a lesson. Singapore also faces the immigrants issue. A multi cultural secular society, I would hate to see Singapore suffer.

Larger nations like India have a moral responsibility toward smaller unstable nations who have a heightened sense of insecurity about their very existence because of the limited extent of their geographical territory and overt dependence on foreign trade. Until the very recent Bangladesh turmoil, millions of Bangladeshi muslims received free or very subsidized medical treatment in any corner of India they chose to, a concession not even extended to fellow Indians. This included critical care for heart disease, cancer and even organ transplants and eye treatment. India has supported and keeps supporting Nepal, Bhutan, Sri Lanka, Myanmar, Maldives – because that is what a big brother does. Magnanimity is what must be the character of an elder brother. Generous is how he must be toward even his wayward younger brothers. You lead head and shoulders over them with your solid character, motivating them, inspiring them. We could be a poor nation ourselves but that never stops India from lending a helping hand to the weaker vulnerable countries.

America does what it is best for them ECONOMICALLY. The price that America pays will be in terms of UNIVERSAL GOODWILL. America also forgets that, as Singapore PM says, things are fluid by nature, which means it won’t take a minute for the Democrats to restore things to how they used to be. When a government flouts or changes laws or challenges judges, they are setting a precedent for future governments to follow in their footsteps.

Falkland Islands get slapped with 42% tariffs by the US. Now this is a very small island country of mere 4000 residents where fishing accounts for 60% of the local income. Marine exports to America constitute their chief source of income. Steep tariffs have been imposed on African nations as well, Lesotho taking the worst hit.

India may suffer a loss of income to the tune of 15$ to 35$ billion which we do have the capacity to bear. India has trade surplus with the US as our exports amount to about 80$ billion. The lowering of tariffs in India can make our own local manufacturing more competitive. My nation is colossal! Mammoth! We are 1.4 billion. We can take any shock or jolt and we can survive and outlive anything and everything! Nothing can unsettle us or rattle us. We are battle hardened, scarred, and very rooted country with ancient history and vibrant local economy. Even so, I admire the negotiating skills of my PM and foreign minister. Do not underestimate them. They are merely playing along, doing their best in the circumstances.

Its not that America is not feeling the pinch either. Their markets have reportedly skimmed a neat 6.5 $trillion already since the tariffs were announced. Mumbai’s Sensex shed around 3000 points the following morning. But India’s loss once again compared to other world nations was less alarming.

Stock markets on April 7, 2025 across the globe 🔴🔻

🇭🇰 Hong Kong: -13.6%
🇹🇼 Taiwan: -9.6%
🇯🇵 Japan: -9.5%
🇮🇹 Italy: -8.4%
🇸🇬 Singapore: -8%
🇸🇪 Sweden: -7%
🇨🇳 China: -7%
🇨🇭 Switzerland: -7%
🇩🇪 Germany: -6.8%
🇪🇸 Spain: -6.4%
🇳🇱 Netherlands: -6.2%
🇦🇺 Australia: -6.2%
🇫🇷 France: -6.1%
🇬🇧 UK: -5.2%
🇲🇾 Malaysia: -4.5%
🇵🇭 Philippines: -4.3%
🇮🇳 India: -4.1%
🇷🇺 Russia: -3.8%
🇸🇦 Saudi: -3.3%
🇹🇷 Turkey: -2.8%

America is pushing consumers around the world to become more discerning and not choosing American imports as it is seen happening already in the European countries and Canada. Finally, is this all worth it. Will America’s gains outweigh their losses in the long run? Time will have the best answer.

Posted in Economic

US can consider waiver of taxes for dollars repatriated by Indian parents.

Posted on by veeskitchen

Many Indian parents are in a fix when their children migrate to the US. Real estate in India is expensive. They would want to transfer dollars/ savings/ investments/ insurances and also terminal benefits to their kids in the US. But they face double taxation that will drain their finances. 35% of capital gains taxes in India, followed by equal taxes by the US may not leave much for the kids, in case the parents want to dispose of their real estate in India and want to transfer funds to the US to their children. Its hopeless trying to get the Indian govt to lower the taxes. But the investments are going to go the US permanently. The US can consider waiver of taxes on investment capital from Indian parents to their kids in the US. We have this scenario prevalent in the case of most of the parents based in India with their children working/living in the US. Presently, the Indian govt allows tuition fees in dollars with nominal charges, to be paid by Indian parents to the US universities when the kids enrol in varsities abroad, but even this has a ceiling.

What shall happen if the taxes are waived off by the US for investment transfers from Indian parents to their grandchildren either for education fund or for assisting in housing for their children? There can be much more inflows than happening now. The US can also allow transfer in kind such as gold and diamond jewelry that are left back in India by migrating children as they are highly taxable in the US. A ceiling can be fixed for the quantum of transfer. Many Indian immigrants opt for OCI card in India (equivalent of the green card) on acquiring US citizenship that can help retain their inheritances in India. (India does not permit dual citizenship for security reasons). But after a generation or two, they may lose touch with the base. They can benefit from repatriation of funds. Just a thought!

Posted in Economic, Socio-Political

Why small families are good for the nation.

Posted on by veeskitchen

Disclaimer: Before writing on this, I would like to state here that I am against no particular community or individual. I am merely stating this from the point of view of India, the most populous nation in the world with 1.4 billion to feed. We are all entitled to our perceptions.

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A Kerala friend who is a meat eating Hindu was telling me how as a small family they need to suffer. There are ports/sea coasts/backwaters in Kerala where you can get freshest catch of fish, just about to be frozen. This is that very morning’s catch mostly. There are markets where the meat is freshest and not frozen. The friend lives with her husband and two adult children. Whenever she goes for getting meat or fish in the market especially on sundays, says she, she can’t get good deals because, there are some ‘peaceful’ families with 5-6 kids who want the meaty (pun intended) portion for themselves. With adults such as parents, grandparents in typical joint family system, the size of these families may come to 10 or 12 or more. What happens in that event? Even if my friend who is nuclear family has the resources to pay for HER cut of meat/fish, she is DENIED that little legitimate portion of hers because, there are bulk buyers for the fresh meat and fish. Huge families with 10-12 members and half a dozen children, pay up and take the best cut. My friend is left to crumbles. Says she, this is the plight of all Hindus left to the leftovers even if we can pay fair price for what we want. The sellers in the markets naturally want to close a single big deal and wind up. Half a dozen or a dozen of big families of peacefuls take everything leaving literally nothing to smallest families other than crumbs. Big families buy from markets the way restaurants may shop for their daily groceries/meat: wholesale. She was happiest during the demonetization drive because the big buyers did not have the usual 500 rupee note bundles to pay cash and lift the fish basket right from the fishermen. It was the only time she says she ever got a fair deal competing with big buyers, as a middle class wife.

So the questions we have here may be:

  • Just by sheer size of family should one be entitled to larger portions of consumption?
  • Take the case of precious resources such as water. A family with half a dozen kids uses far more water than a family with 2 kids. Even if the bigger family may be able to pay the bills, is that even fair? With extra consumption of water, the bigger family is raising the rate/price of water for small families as well. Over consumption can lead to shortage for everyone. So how should one distribute resources in that case? Both a family with 2 kids and a family with 6 kids, let us say, can only receive 10 buckets of water per day. Its left upto you how you manage the water usage. The reason that the bigger and richer family can afford to pay is IMMATERIAL. The small families and the lower middle class families can still afford to pay their fair bills, provided artificial scarcity for water is NOT created by the big unfair consumers pushing up rates. I think this is how societies must function to ensure social justice to everyone. Everyone should have an equal stake in the pie.
  • This same rule about consumption of water also applies to electricity, gas and other resources that we all pay and use for making our lives better. Suppose someone is earning monthly salary of 100,000 rupees and another one earning mere 10,000 rupees every month. What gives the wrong sense of entitlement to the richer guy to imagine that he can use more of water or electricity or gas than the poorer guy when both are willing to foot reasonable bills for modest/rational consumptions of resources.
  • Suppose the kids of the 6 kid family are doing great in academics. Why should 6 kids from one family be allowed entry to elite institutions in the country with scarce resources denying others their spots. Even if the small families may produce mediocre kids, still their 2 kids must be able to win a merit place in universities, competing with the 6 kid family.
  • The impact of larger families on real estate is horrendous. Suppose the 6 kids buy properties in the city on growing up. Unnecessarily the real estate prices shoot up for everyone. The smaller families have to cough up astronomical prices, the result of a needless competition.
  • Only the sky and air and sunlight and moonlight are free for consumption for all family sizes. Rest are all chargeable.
  • Its wrong sense of entitlement on the part of bigger or richer families to assume that if they have the economic capacity to buy something, they can take possession.

Hindus with small families of 1-2 kids mostly and rarely a third kid therefore face unfair deals everywhere. We are a declining population today – increasing at a decreasing rate. We are losing out to the population j*h*d. This is the sordid truth.

Land ceiling was introduced in India in the early ’70s when most of the wealthier/landed families gave up their real estates voluntarily for redistribution to small/marginal farmers, rural artisans, and urban poor and the landless. The next land ceiling act is long overdue in India. Amassing of wealth started right after the 70s once again. We need one more correction very badly in current times to ensure that everyone has a toehold in the metro cities and not just the old rich or the new flashy rich. A similar act for family planning will also go a long way in preventing the over exploitation of resources by select few who can buy out anything and everything with their economic capacity. Those of us Hindus with limited family size feel cheated at the end of the day.

Google BHOODAN MOVEMENT and Acharya Vinoba Bhave who campaigned the movement. Bhoodan means ‘land donation.’ It was a nonviolent, bloodless movement when the landed gentry came forward voluntarily to donate land to the landless in the country. Vinoba ji was Gandhiji’s disciple who followed in his footsteps. He ushered in a revolution in the country which is unparalleled in world/Indian history thanks to which the rural population in India have a chance.

Some snippets from Google:

What is the significance of Bhoodan Andolan in agriculture sector in India?

The Bhoodan Andolan was the brainchild of (Vinoba) Bhave who wanted to redistribute land from landlords and wealthy zamindars to landless agricultural labourers. Bhave hoped that these labourers would be able to use this new land to practice subsistence cultivation and empower themselves

The Bhoodan movement successfully collected over 4 million acres of land through voluntary donations, with some of it being distributed to landless families. It raised awareness about the issues of landlessness and inspired discussions on land reforms in India.

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For me, a strong believer in social justice but not necessarily a Marxist/communist, limited natural/manmade resources must be distributed free and fair that everyone stands to benefit from them and nobody is excluded from enjoying what is their birthright.

Posted in Economic

Sheer harassment awaits you on Arrival at Chennai Airport.

Posted on by veeskitchen

ATTENTION PRIME MINSTER SHRI NARENDRA MODI JI PMO

When I flew in the first week of September, things were as usual at Chennai International. I got picked up comfortably at the terminal arrival T2. When I returned to Chennai Domestic after a local trip by the last week, already dead tired, I had no awareness what a nightmare awaited me.

I was asked to take a buggy to the multistory parking lot a km away. Sounded simple. Now this is the new pickup point for Ola, Uber, pre-paid airport taxis or even private cars. Those who want to transfer to Chennai Metro Rail can always do so from within the airport without having to step out – whether domestic or international. Both have direct connectivity to Metro.

But the problem is, you reach your destination after a tiring travel. There is not a regulated queue for the buggy. I was a lone traveler. I have health issues, I am middle aged, and I can never haul weights. Maximum I can pull up my bags from the conveyor belt and shift them to the low level trolleys. Mostly at this, I am helped at by fellow passengers. The buggy line is long, if at all there is one. People rush to get into the buggy not wanting to wait their turns. Absolute chaos with no discipline or order. Those with light cases manage easily to board the buggy flinging their bags to the holdall in the back. I had a great difficulty hauling my bags on to the back of the buggy that cannot hold big suitcases. Mine had to be put on top jutting out and shaking all the way. Moreover mixed luggages of passengers are piled up precariously one on top of another. I saw ladies struggle to haul their bags to the buggy and get in at the same time. By the time some women successfully placed their trolley bags over the buggy, their seat in the buggy was taken. With the buggy full and leaving without them but with their bags, the women were perplexed. After over 20 minutes of trying to get into one, I summoned someone probably in-charge there to help me. Finally a kind man hauled my luggages to the back of the buggy and I could take a seat in the buggy at the same time. But not after a terrible argument with the driver of the buggy. That by itself was a feat. It took me over 30 minutes just to get from outside the terminal to the parking lot. Here you have multistorey parking and the cars are parked at various levels. You have to take an elevator to reach whatever floor, in case of prepaid taxis. God knows where to wait for Uber. I was told the waiting place was the same as the uber/ola drivers only could drive through. Such a confusion and MESS. Totally harassed.

I thought the international terminal would be different. My husband who traveled last month went through the same nightmare on landing at T2. Early morning, no buggy was available. Trolleys cannot be wheeled beyond a point. He called his cabbie who thankfully walked upto the terminal from the parking. Both of them wheeled the suitcases for over a good half to one km to the parking lot at morning 3 am. It totally drained his energy. Is this what to expect on landing in our hometown after a tired journey. In my case, even if the buggy may be available, I just can’t haul the bags to that height of the buggy holdall. My international flight bags weigh over 18 to 20 kg each. What am I going to do. What brainless people have put such a harrowing system into place? Its not only impractical, it is sheer harassment, nightmare. This is now going on for over 2 months and I wonder whoever has registered an official complaint.

If for security reasons the government wants to keep the taxies and cars at bay at the parking lot, then something like a shuttle bus must be arranged where there must be conductors to handle luggages. I have seen such a system in place in the US. One can board the shuttle to reach parking lots as far as few kilometers without hassles.

Hopefully by the time I return the old way of exiting airport is back. I give up, I just can’t. Wonder how the wheelchair passengers cope up. Its not a straight level ride with their carts to the parking at all. A lot of work needs to be done on warfooting basis. Airport authority need not have to turn our airport into 5 star hotel. At least the basics they must take care of. What is the use of building a swanky new airport and putting passengers through sheer harassment on arrival. Basic amenities must be covered first. You see the airports in the US. They keep the artefacts there in museums not in airports. Airport can be plain but functional and user-friendly. Arrival in Chennai is now a big headache be it international or domestic.

Posted in Economic, Socio-Cultural, Socio-Political

No more IT exemption to Catholic clergy in India

Posted on by veeskitchen

In a landmark decision the Supreme court of India upheld the waiving of exemption from income taxes to nuns and priests of the Catholic church serving in educational institutions, thus bringing the practice from the British era to an end. The catholic clergy in all filed over 93 appeals seeking reversal.

https://www.ucanews.com/news/indian-court-ends-tax-exemption-for-catholic-priests-nuns/106944

Posted in Economic

Why I changed my mind on Amazon and Swiggy.

Posted on by veeskitchen

In Middle east where we are based, I was struck with a very severe viral fever when I ran a temperature of 108 F for a continuous 10 day period. I needed at least two IV injections. Even so, my temperature would be back within 2 hours. I don’t know where I picked up this virus early this year = whether from mall or from our walking in the parks. Later I was told that most of the residents had received a vaccination for this mysterious virus that I didn’t. Many were falling sick and some required hospitalization.

In this period I was asked to have ORS for regaining my lost strength, being a vegetarian. My problem is that I am borderline diabetic. I am not on any pill but I am not supposed to take direct sugar as much as possible = and that too something equal to glucose. I try to keep control by adopting lifestyle changes. Sugarfree ORS was not available over the counter or by order anywhere in Middle East. I was forced to have the ORS with sugar pumped in in generous millies ! The doctor who attended me told me that ORS sugarfree possibly was available in India. Market in India is vast that there is nothing that is not available. I made a mental note to get it during my next home visit.

I asked for sugarfree ORS in pharmacies but nobody had it including the Apollo. There I placed my order, just in case, because they normally source it from others if they don’t stock it. The pharmacist told me only the tetrapacks of 100 ml were available. ORS tetrapack sounded funny even if priced at 45 bucks one pack. Again, you cannot take liquids abroad beyond 1 liter by air. The tetrapacks came in handy whenever I came home from a harsh sun, chilled in my fridge.

During this visit I searched the Amazon and was surprised as well as shocked to note that a whole long list of sugarfree ORS is available as sachets to be dissolved in a glass of water – just the like the sugared ORS sachets I found in Doha. More than delighted. We don’t take the Glucon D kind of thing regularly but when we feel extremely week after travel etc., drained of our energies, this can come in handy.

I don’t regularly order food from Swiggy but their Instamart definitely benefits me. Even the quality of vegetables and fruits is good. Within 10 to 20 minutes maximum on order, I get the subji. We can order the veggies after turning on the gas stove! Living in a polluted metro like Chennai which is also dug up entirely for Metrorail expansion plans facing the wrath of the monsoons at the same time, Instamart is a godsend with quickest service time. For working couples, it can’t get better.

Ten to fifteen years back, I used to order kurtis (rarely) online from those like Jabong. My books were ordered from Flipkart. Flipkart sold out to Walmart. Myntra is owned by Flipkart. Jabong sold out to Myntra. Why should these desis sell out to Amazon and Walmart and bow out. They make a quick profit and then they make a beeline for exit. Big global brand thrive on REINVESTMENT, not on selling the business once you make a landfall. Ploughing back of profits into the trade is the business mantra that our Indian entrepreneurs fail to grasp.

Compared to Ola I have also felt that Uber has better discipline and working ethics. Learn what is best from others.

I have reached the age where comfort and service matter to me most for which I am willing to pay the right price. If the Indian service providers fall short of standards, it is their problem.

Tata’s used to be grotesque car 15-20 years back. But both Tata and Mahindra upgraded themselves and they are the fastest selling India=made sedans and suvs in India today that are also being exported. Their steel and safety features have earned them 5 star rating.

https://www.acko.com/car-guide/safest-cars-in-india/

At least 5 of the top 10 safest cars in India are now India made.

I also notice that Amazon sources its supplies from numerous small sellers and traders. India Mart is there as well but here, you have to bulk-order. India Mart is mostly for wholesalers. Amazon allows for lowest unit of order.

Would rather put my faith and trust on Amazon and Walmart than on Ambani and Adani!

Posted in Economic

Ratan Tata leaves behind a matchless legacy.

Posted on by veeskitchen
this man could have easily been within top 10 of world’s richest. instead he chose to become a philanthropist with hospitals founded for the masses. a humanitarian and son of India like none other. he was also a minority Parsi who chose to stay LOYAL to India/Bharat, his motherland.

Ratan Tata is no more. A son of India like none other. A visionary who took India forward step by step. His global conglomerate employs millions across the world. The legacy he leaves behind is immense and matchless. A huge fan of Tata both for his ETHICAL business ways and for the humanitarian he was. Men like these are born once in a millennium. After looking at the likes of Elon Musk etc., you reckon why men like Tata matter more for not just India but for the entire universe. An aspect called decency: that sets apart Tata from crude others. We have also had the Ramdev kind of so-called spiritual entrepreneurs. We have witnessed in recent past the rise and fall of the Patanjali Ayurved he founded as a practising yogi! Tata to me was also a yogi, only not in saffron robes. Men like Ratan Tata won’t have a punar janam (rebirth) but if he must, may he be reborn in Bharat/India again and again. Thank you so much Tata ji for what you gave back our ancient motherland. Words cannot describe what I feel from the bottom of heart, for you. Go in peace. But bless Bharat from wherever you are. A life so well lived in public service. Patriotism can take different shades. Like Tata’s for instance. What a selfless life! Business tycoons need not have to be always as brash as the Ambanis and as selfish as the Adanis who are profit motivated and nothing more. Industrial corporations need not have be as ruthless. Somewhere there can be a middle ground. There are those like the Tata group who still engage in ethical businesses who are the reason Bharat is still ticking. My heart feels heavy losing you Ratan ji even if I am aware, all of us have to come to this day sometime. Losing you is like losing a precious diamond. A real Ratan. There is not an area of economy that you have not touched. Its news to me that Tata even brought out the first CBS India cassette recording Nazia and Zoheb Hassan from across the border bringing them international fame. You brought respectability to this country, acquiring foreign manufacturing industries and firms. From TCS (Tata consultancy service (IT company)) and Air India to star hotels to Tata manufactured sedans with Tata buying out international brands like Jaguar of UK and Tetley tea, to Tata steel (that acquired Corus steel) to Tata telecom – and even those like Tata tea, Tanishq (designer jewelry brand) and Westside (fashion and accessories), you have carved a niche for yourself (Tata brand) in (gold) standard in the business world. You leave behind big shoes hard to fill. You are inspiration Ratan ji for generations of Indians. The biggest take away from you for all of us is that, you can keep your ethics and still make it a viable trade; you can engage in selfless public service and still run industrial corporations and manufacturing industries. You can transform societies if you have the will.

Posted in Economic

Work stress takes it toll.

Posted on by veeskitchen

When 26 year old Anna Sebastian Peraiyil, a chartered accountant working for EY India, succumbed to work stress, it shed light on the prevailing toxic work culture we have in India. Not long ago, Infosys chairman Shri Narayana Murthy went on record saying that Indian youth must be ready to work for 70 hours a week. The founder of Infosys which became the first INdian MNC to be listed in Nasdaq is under fire ever since he made his controversial statement. There can’t be a better time to rethink the work-life balance that is precariously titled so far as careers with Indian corporates are concerned. Anna worked for over 12-15 hours a day including during weekends. She complained of a chest congestion and died within minutes on her way to hospital in an ambulance. Overworked and underpaid being the destiny of hundreds of thousands of young men and women, currently we have the most disillusioned generation in the history of the country who have lost the light in their eyes with early burnout syndrome. We have the younger people opting out of marriage and parenthood and putting material welfare ahead of personal life. Work stress and nonstop chasing of deadlines have driven the IT engineers especially towards dope culture which is an open secret. Social and economic development at what cost? Ambitious young Indians are dropping dead like never before to heart attack and cardiac arrest thanks to the toxic work culture that is the prevailing norm. We have PG medical interns and IITians committing suicide unable to cope up with burgeoning stress. It is time to streamline not only the corporate work culture in India but also take a second look at the grueling routine of interns and freshers in other fields of employment, with effective government policies put in place.

https://indianexpress.com/article/cities/pune/after-pune-ca-dies-mother-alleges-work-pressure-firm-denies-9575175/lite/?fbclid=IwY2xjawFaV1ZleHRuA2FlbQIxMQABHdboOsHGenv_geGthMKHY52_2E-4vzL5jmrujGEmbWYNvZM8kPHGR4zKXw_aem_PNkn-T4OyGHaVPyUqTExdA

Posted in Economic

GDP matters over GDP Per Capita

Posted on by veeskitchen

The Gross Domestic Product GDP of a nation matters over the individual Per Capital Income (GDP Per capita). GDP is networth of a nation often in fact underestimated, typically as in the case of India. Per capita income is income per head. Oil based economies boast of highest PCIs in the world. Whereas USA, China, India, Germany, France, Russia and Japan are the leading world economies when it comes to sum total Gross domestic product.

INdia is very much underestimated in this list. America holds world’s largest bullion reserves and China is a feverish buyer for sometime now. But the gold held by Hindu temples and Hindu homes never is accounted for, which may exceed entire gold holdings of America and China and Middle east put together. Hindu temples are immensely wealthy flush with diamonds and gold coins and gold jewelry. Indian homes hold caches of gold and diamond jewelry passed over for generations as well as designer ones from present. Official bullion holding by govt of India may be far less.

https://www.forbes.com/sites/jimdobson/2015/11/13/a-one-trillion-dollar-hidden-treasure-chamber-is-discovered-at-indias-sree-padmanabhaswam-temple/?sh

https://www.thearchaeologist.org/blog/the-1-trillion-padmanabhaswamy-temple-treasure

https://www.hindustantimes.com/india-news/tirupati-temple-s-assets-include-over-10-tonnes-of-gold-cash-worth-rs-15938cr-101667732525942.html

https://www.business-standard.com/article/current-affairs/temples-hold-about-4-000-tonnes-of-gold-116032400306_1.html

https://www.mygoldguide.in/4-breath-taking-gold-temples-india

Golden Mahalakshmi temple at Sri Puram, Vellore, Tamil Nadu, India.

India is dotted with architectural marvels – our Hindu temples – millions of them, most of which are easily 2000 years old. These ancient sculptural feats hold within them panchaloka (5 metal), brass, bronze, silver statues worth billions of dollars. Most expensive silks of the world Benarasi and Kanjivaram are woven in India. World’s best mangoes grow in India. We are the world’s largest exporters of rice, wheat, milk, poultry products, beef. We export softwares and hardwares and automobiles and cell phones. Local manufacturing is strong. Even oil and gas are mined in India but we import both to cater to our industrial and domestic needs. We in India are looking forward to fossil fuel free world – that will forever liberate us from dependency on our oil imports. We welcome the green era with electric cars. That is bound to do wonders for a nation like India. These are the reasons I believe India is rightfully the 3rd largest economy in the world (not taking into account our natural resources, our farm bounties, our rivers, our mountains etc. One of the most blessed nations in the world that is timeless and ageless: that is my Bharat, India. We, some 1.3 billion Indians, share our motherland with native lions, tigers (highest count in the world again), Asian elephants and myriad species of other wildlife (including India’s own exclusive single horned rhinos) and flora and fauna and the avian families. Who will put a bill on all of this?)

Gulf nations are very tiny compared to vast countries like India or America or Canada or China or Russia. So concentration of wealth is in one or two or three cities that make them look richer. In my country India, wealth is SPREAD. Widespread. INdia’s wealth is not constituted out of her natural resources such as oil and gas. India’s wealth is MANMADE – acquired with the hardwork and dedication of our masses.

Which is why, its the GDP of nations that matters. The wholesome output of an entire nation and its share in the world market matters over individual per capita income. Even if we compute PCIs, at least two Indians are among the world’s 20 richest: the Ambanis and the Adanis. Adanis are among the world’s top 10. Their wealth is entirely based on production oriented manufacturing industries.

The quality of wealth, the ways and means of acquisition of wealth – all these matter. The wealth of India also lies in the manuscripts in Sanskrit, Tamil etc., that date back by thousands of years.

There is a deliberate miscalculation of dates and wrongful and willful misrepresentation of history and wars. This was the biggest mischief committed by the British. For instance, the British put the date of Adi Shankaracharya by 7th century CE. Whereas Hindu history reveals that Adi Shankara turned the river Poorna with his pleas and prayers so that his mother could have her ritual bath every day in her old age. Carbon dating now points to river Poorna diverging from original course to 3rd century BCE – which means the British made a huge error of judgment in charting Adi Shankara’s birth and history. Hindu history is easily 10000 years old. Most Hindu saints were born before the birth of Christ. Tamil and Sanskrit literature we read even today are from 500 BCE minimum. Advance grammar and standard of prose and poetry can have no precedence.

Our GDP also may include our railway networks, airports, shipping, defence, space industry, infrastructure including highways, investments in tech parks, metros in every city, mining, farming, fishing etc. World economies hardly take into account such a grand picture.

Only nation on earth to have Brahmos missiles now exported to the Phillipines:

India’s space agency ISRO, a chief contribution to Indian economy, launching for foreign clients:

India’s software exports:

Worth of Indian railway network alone:

https://www.ibef.org/industry/indian-railways

Indian economy is very diverse. We don’t keep all eggs in one basket. Our pharmaceutical industry, health care industry, textiles, food industry, dairy, leather industry everything is a high performer. In Information technology (IT(n we are pioneers.

So it really shocks me that those in the west see only what they want to see like the Indian slums and put us down. The truth is: INDIA IS THE THIRD RICHEST COUNTRY IN THE WORLD after China and the US.

UK story is over since long. One reason for BBC to degrade India by propaganda is this: bitter envy. Dear BBC, even the Kohinoor of your Buckingham palace is originally STOLEN from Hindu temple of Mother Badrakali in Warrangal in India. UK lived a fancy rich life with stolen wealth from India, Asia, Africa. Now Brits are high on welfare aren’t they!

India is an all round robust economy, very well balanced. We look forward to shifting over completely to green gases in 10=20 years that shall cut down our oil and gas (fossil fuel) consumption. This can do wonders for the Indian economy and our environment.

My nation also exports GLOBAL CEOS!

THE GLOBAL CEOS FROM INDIA:

Posted in Economic

New T Cell Therapy for Cancer Treatment Affordable for World patients in India.

Posted on by veeskitchen

Finally having our own gene therapy or the T cell therapy is in India that has cut down costs from INR 4 crores to under 40 lakhs of rupees, making it affordable for not only cancer patients from India but for those from around the world. One medical practitioner has claimed to have come up with a vaccination that can cost a mere 100 bucks to prevent cancer! In any case, the race to inventing the cancer vaccine is on and India is a co-runner in the pack with America, China, Russia and other European nations. The T cell therapy that is now selectively available in US and European hospitals for treating cancer, is finally available in India as local hospitals warm up to the new idea. Unlike chemotherapy, the established standard medical treatment for cancer that is sold over-the-counter like ‘one size fits for all’, the T cell therapy has to be customized for each and every patient which will make it complex to administer. The success rate with volunteers so far is promising.

The miracle breakthrough was realized at Tata Memorial Hospital in Mumbai very recently. Kudos to our medical researchers and oncologists and the entire medical fraternity that shall be rendering very soon chemotherapy redundant. In a third world nation like India, this means a lot to the masses. As we pioneer in the newly developed medical technology, the costs of treatment are bound to go down. India will be seeing more or perhaps heavy load of foreign patients, we being a well established medical tourist destination already.

https://pib.gov.in/PressReleasePage.aspx?PRID=2017169