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What was that again?

“I think more of the little kids from a school in a little village in Niger who get teaching two hours a day, sharing one chair for three of them, and who are very keen to get an education. I have them in my mind all the time. Because I think they need even more help than the people in Athens.So, you know what? As far as Athens is concerned, I also think about all those people who are trying to escape tax all the time.”-said IMF’s Christine Lagarde  in an interview

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What was that again?

Your strange somnolence on the occasion of imminent election of the Nation’s President is showing up our bankruptcy of talent that we cannot announce a name better than the current finance minister who according to me is a guardian of the stolen wealth of the nation and a protector of the grand dacoits, who have made us miserable beggars. Believe me the nation is not wrong in concluding that we too have skeletons in our cupboards which make us impotent spectators of the rape of our finances.“-wrote Ram Jethmalani to BJP President Nitin Gadkari

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Stay in cash, because I intuit that something BIG is heading our way. After all these years following markets, sometimes I have the feeling that I’ve seen everything. But not this time. Hey, would you believe the Dow could go down 14 out of 16 sessions, and people would still be complacent? There are so many potentially bearish scenarios in the wind that my head is spinning.-said veteran Dow Theory newsletter editor Richard Russell

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‘In our country if we combine diesel, kerosene and LPG Rs1,90,000 crore is the amount of subsidy given. The budget of the entire rural development and drinking water ministries in comparison is Rs99,000 crore. What kind of a country is this?Taxes had to be imposed on sale of petrol so that development work could be carried out in the country. Where does the tax go? Where does the money come for NREGA? Where does the money come for Prime Minister’s Gramin Sadak Yojana? It comes from taxes,’  said rural development minister Jairam Ramesh

 

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What was that again?

“In good times everyone invests, in adverse times does none
To the wise one who invests in bad times, wealth should come”

says India’s best mutual fund manager Prashant Jain of HDFC Mutual Fund