“To learn who rules over you, simply find out who you are not allowed to criticize.”-Voltaire
In the Indian context, that would be politicians,business tycoons,cops,bureaucrats,religious figures and underworld dons.
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Category: Quotes
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He doth protest too much
Asked if government support for businesses had declined because of recent controversies, Naveen Jindal said: “What kind of support? In India things happen despite the government, in spite of the government. In terms of handholding or supporting or guiding, does anybody do it? Does anybody anywhere in the country welcome any investor? Does anybody welcome you? Does anybody say ‘thank you’? In other countries they welcome you, and thank you for being a big investor.”
Hmm…wasn’t he kicked out of Bolivia as well?
Also, find it fairly amusing how quickly the thin veneer of civilization wears off our “captains of industry”.Naveen Jindal is the highest paid CEO in India and yet he tried to hit a journalist asking tough questions.Guess you can take the CEO out of Haryana but not the Haryanvi out of the CEO !!
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The Common Chairman
“All 500 S&P companies have the same chairman and his name is Ben Bernanke,” says Jurrien Timmer of the Fidelity Global Strategies Fund.
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What is the point of Rahul Gandhi?
Promoting Mr Gandhi now would in theory make sense for Congress. He has long been presumed the successor-in-waiting to Sonia Gandhi, his mother and the party’s president. He needs time to start showing some skills as a leader before campaigning starts in 2014. And for as long as Mr Gandhi does not rise, it is hard for other relative youngsters to be promoted without appearing to outshine him. That has left Congress looking ever older and more out of touch.
But he has long refused to take on a responsible position, preferring to work on reorganising Congress’s youth wing, and leading regional election efforts, both with generally poor results. The problem is that Mr Gandhi has so far shown no particular aptitude as a politician, nor even sufficient hunger for the job. He is shy, reluctant to speak to journalists, biographers, potential allies or foes, nor even to raise his voice in parliament. Nobody really knows what he is capable of, nor what he wishes to do should he ever attain power and responsibility. The suspicion is growing that Mr Gandhi himself does not know.-from the Economist
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The hypocrisy of Adi Godrej
In an interview to Tehelka, Adi Godrej made the following startling statement:
Why should it (compensation) run out soon? It can be invested. It can be made into a much bigger value than land. Land has the lowest appreciation of all assets. The best investments are in stocks. Somebody should advise them(farmers) to invest it in mutual funds so their wealth will rise faster.
Now this is fairly amusing coming from a man who is one of the biggest landlords in Mumbai.The Godrej group fought tooth and nail against the Maharashtra Govt in various courts to prevent the Govt from acquiring its lands under the Urban Land Ceiling Act.
At that time, Adi Godrej did not take the money and invest in stocks or mutual funds.
Along with hypocrisy, what is also appalling is the sheer financial illiteracy displayed by Adi Godrej.Land has given one of the best returns in India…much better than most stocks.
But not to worry.Indian farmers have more sense than these captains of industry.Its unlikely any farmer will heed his advice of selling their land and investing in stocks.
The only people who should worry are the investors in Godrej stocks !!