Tuesday, January 4, 2011

Happy New Year 2011

I wrote about current events on this blog at the start of year 2009. Now i am writing at the start of 2011. Its the same story. I will try and summarise to some extent -

1. We carry the baggage of 2G scam - Government avoiding JPC(Joint Parliamentary Committee) and trying to hide behind PAC(Public accounts committee).

2. CWG scam

3. Bofors scam comes up every now and then. Income tax appellate tribunal (ITAT) has just confirmed that Quattrocchi received kickbacks from bofors. Huh - Something a common man knew since 20 yrs, this ITAT has confirmed now.

4. Onion prices rose like anything. There were jokes running around that due to high onion prices, Rajnikant has become a Jain so that he can avoid onions. Investment managers were crying - why did they not invest in onions? But nobody probably noticed that the agriculture minister Sharad Pawar made a lot of money quietly in this onion scam.

5. Before onion, pawar made a lot of money in sugar scam and IPL.

6. A citibank employee has robbed a few corporates and HNI's by Rs 300 cr approx. No comments.

7. Hot microfinance sector has suddenly become a no no. I wonder what went wrong in a span of few months. Either it was already wrong or its still not wrong.

8. Satyam fraud which was hot at the start of 2009 is now forgotten at the start of 2011. Raju is out on a bail of Rs 45 lakhs. Shameless judiciary. Classic example of Judges, court and the entire machinery up for sale.

9. CBI decides to close the Arushi murder case saying they cant solve it because of lack of evidence. When police can solve a gang rape case based on just one clue - the pattern in which a Rs 10 note was folded, i am sure they can solve this murder mystery too. But again, cops for sale case. Anyways this case doesn't have a significant impact on the nation.

10. Loan scam - Top management in financial institutions accepting money and sanctioning loans for corporates. Pranab Mukherjee - FM - said all guilty will be punished. That idiot - did he not know that this practice of bribing people and getting the loans sanctioned is as old as finance business itself. If he was not aware, he should immediately leave as he does not deserve being FM. If he was aware what has he been doing all these years ? He was FM in 1983 too. So in any case - he should quit.

11. We won a lot of medals in common wealth games. Congrats to the athletes.

12. The cricket team has been doing well. Tendulkar completing 51 centuries in test matches , etc.

13. And CBI trying to question A Raja . That's all non sense. Hand him over to Mangolpuri police thana and don't tell them who he is ? They will make him speak everything in 90 mins flat. ;)

14. That Kasab is still our guest till the time next blasts/shooting happens.

15. Chidambaram has done a good job. No more blasts and even the maoist are under control since few months.

16. Insurance industry screwed badly by regulations

17. Sensex decently placed

18. Mobile no. portability about to take off. I will move from airtel for sure. ;)

19. Pesky calls - no ends

20. Premiers from UK, US, France, China and Russia have all visited India in last six months. What do they want ?

Hard fact : 45 cr of indians live below poverty line even today.

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