I.IOC raises petrol price Rs 1.50 and that of diesel by 45 paise per litre. Now the question arises.Why is the UPA,transparent?Why are the IMAGINARY "under-recoveries",being misused from 2005?Why the Crude import is not reduced,if the OMCs are incurring losses?In fact there is over-capacity in Refining Crude in India and further capex is planned!
"IMF Riots",explains everything.
An excerpt from this link:-
"But this was a far bigger catch than some used-up Cold War spy. The former apparatchik was Joseph Stiglitz, ex-chief economist of the World Bank. The new world economic order was his theory come to life.
He was in Washington for the big confab of the World Bank and International Monetary Fund. But instead of chairing meetings of ministers and central bankers, he was outside the police cordons. The World Bank fired Stiglitz two years ago. He was not allowed a quiet retirement: he was excommunicated purely for expressing mild dissent from globalisation World Bank-style.
Here in Washington we conducted exclusive interviews with Stiglitz, for The Observer and Newsnight, about the inside workings of the IMF, the World Bank, and the bank's 51% owner, the US Treasury.
IMF riots
1.Step One is privatisation
2.Step Two is capital market liberalisation
3.At this point, according to Stiglitz, the IMF drags the gasping nation to Step Three: market-based pricing
4.a fancy term for raising prices on food, water and cooking gas. This leads, predictably, to Step-Three-and-a-Half: what Stiglitz calls 'the IMF riot'.
as when the IMF eliminated food and fuel subsidies for the poor in Indonesia in 1998. Indonesia exploded into riots.
There are other examples - the Bolivian riots over water prices last year and, this February, the riots in Ecuador over the rise in cooking gas prices imposed by the World Bank. You'd almost believe the riot was expected.
The IMF riots (and by riots I mean peaceful demonstrations dispersed by bullets, tanks and tear gas) cause new flights of capital and government bankruptcies This economic arson has its bright side - for foreigners, who can then pick off remaining assets at fire sale prices.
the clear winners seem to be the western banks and US Treasury.
Stiglitz has two concerns about the IMF/World Bank plans.
First, he says, because the plans are devised in secrecy and driven by an absolutist ideology, never open for discourse or dissent, they 'undermine democracy'.
Second, they don't work. Under the guiding hand of IMF structural 'assistance' Africa's income dropped by 23%.
Did any nation avoid this fate? Yes, said Stiglitz, Botswana. Their trick? 'They told the IMF to go packing.' "
II.Pope's resignation,from another angle.
Sensex ; -29; 19468
vix[fear index]:-
India - 15.24;+ 0.15;+ 0.99 %
Institutional Buying:-
i)Foreign Rs Crores - +247
ii)Indian " " - -246
BDI $ 753;+5;+0.66%
Sharp fall below 200 DMA of 896,.It is worth noting that Coal Stocks are piling up in China as some Steel Mills have been closed..
BDI unable to breach the PREVIOUS TOP...........Very near the all-time low, reached not long ago.
GLOBAL ECONOMY in trouble.Fiscal Deficits and Debts of many nations,ARE VERY HIGH.
2015:-Bond Redemption of the Nations having the HIGHEST Debts,led by Japan.HUGE QEs expected.Currencies will crumble.Commodities will dominate.Land too.
Gold 1610 $/US Oz ; Rs 30175 / 10 grams[MCX]
[ CME reduces margins in Gold($ 1700 per contract),Silver about $4300 per contract,Silver and Copper($500),on 16/11/2012.
Shorting Gold and Silver are,reportedly,aided by the various Agencies,and turn a blind eye or look the other way. ]
Silver 958 $/kg ; Rs 56123 /Kg [MCX}
Copper 3.7157 $/lb
CCI or Reuters CRB Index US $ 298.45
Brent Crude 117.92 $/bbl [Manipulation.Gold and Silver FALL,but Crude rises]
----------------------
Crude Oil (Indian Basket 13/2/2013
- In US Dollar ($/bbl) 115.18
- In Rs (`/bbl) 6202.44
- last fortnight " " 5926.31[January 16 th to 31 st,2013]
Exchange Rate (`/$) 53.85
----------------------
US Dollar Index 80.48
Rs V Dollar 54.31
The HSBC India Manufacturing Purchasing Managers' Index (PMI) - a measure of factory production -stood at 53.2 in January,2013. after hitting a six month high level of 54.7 in December. It stood at 53.7 in November.
Above 50 indicates growth.Applies only for production,but NOT Utilities.
Nifty Futures [Monthly] about 3 , DISCOUNT,15/2/2013
P/C NIFTY- 1.01
Will be updated...
"IMF Riots",explains everything.
An excerpt from this link:-
"But this was a far bigger catch than some used-up Cold War spy. The former apparatchik was Joseph Stiglitz, ex-chief economist of the World Bank. The new world economic order was his theory come to life.
He was in Washington for the big confab of the World Bank and International Monetary Fund. But instead of chairing meetings of ministers and central bankers, he was outside the police cordons. The World Bank fired Stiglitz two years ago. He was not allowed a quiet retirement: he was excommunicated purely for expressing mild dissent from globalisation World Bank-style.
Here in Washington we conducted exclusive interviews with Stiglitz, for The Observer and Newsnight, about the inside workings of the IMF, the World Bank, and the bank's 51% owner, the US Treasury.
IMF riots
1.Step One is privatisation
2.Step Two is capital market liberalisation
3.At this point, according to Stiglitz, the IMF drags the gasping nation to Step Three: market-based pricing
4.a fancy term for raising prices on food, water and cooking gas. This leads, predictably, to Step-Three-and-a-Half: what Stiglitz calls 'the IMF riot'.
as when the IMF eliminated food and fuel subsidies for the poor in Indonesia in 1998. Indonesia exploded into riots.
There are other examples - the Bolivian riots over water prices last year and, this February, the riots in Ecuador over the rise in cooking gas prices imposed by the World Bank. You'd almost believe the riot was expected.
The IMF riots (and by riots I mean peaceful demonstrations dispersed by bullets, tanks and tear gas) cause new flights of capital and government bankruptcies This economic arson has its bright side - for foreigners, who can then pick off remaining assets at fire sale prices.
the clear winners seem to be the western banks and US Treasury.
Stiglitz has two concerns about the IMF/World Bank plans.
First, he says, because the plans are devised in secrecy and driven by an absolutist ideology, never open for discourse or dissent, they 'undermine democracy'.
Second, they don't work. Under the guiding hand of IMF structural 'assistance' Africa's income dropped by 23%.
Did any nation avoid this fate? Yes, said Stiglitz, Botswana. Their trick? 'They told the IMF to go packing.' "
Sensex ; -29; 19468
vix[fear index]:-
India - 15.24;+ 0.15;+ 0.99 %
Institutional Buying:-
i)Foreign Rs Crores - +247
ii)Indian " " - -246
BDI $ 753;+5;+0.66%
Sharp fall below 200 DMA of 896,.It is worth noting that Coal Stocks are piling up in China as some Steel Mills have been closed..
BDI unable to breach the PREVIOUS TOP...........Very near the all-time low, reached not long ago.
GLOBAL ECONOMY in trouble.Fiscal Deficits and Debts of many nations,ARE VERY HIGH.
2015:-Bond Redemption of the Nations having the HIGHEST Debts,led by Japan.HUGE QEs expected.Currencies will crumble.Commodities will dominate.Land too.
Gold 1610 $/US Oz ; Rs 30175 / 10 grams[MCX]
[ CME reduces margins in Gold($ 1700 per contract),Silver about $4300 per contract,Silver and Copper($500),on 16/11/2012.
Shorting Gold and Silver are,reportedly,aided by the various Agencies,and turn a blind eye or look the other way. ]
Silver 958 $/kg ; Rs 56123 /Kg [MCX}
Copper 3.7157 $/lb
CCI or Reuters CRB Index US $ 298.45
Brent Crude 117.92 $/bbl [Manipulation.Gold and Silver FALL,but Crude rises]
----------------------
Crude Oil (Indian Basket 13/2/2013
- In US Dollar ($/bbl) 115.18
- In Rs (`/bbl) 6202.44
- last fortnight " " 5926.31[January 16 th to 31 st,2013]
Exchange Rate (`/$) 53.85
----------------------
US Dollar Index 80.48
Rs V Dollar 54.31
The HSBC India Manufacturing Purchasing Managers' Index (PMI) - a measure of factory production -stood at 53.2 in January,2013. after hitting a six month high level of 54.7 in December. It stood at 53.7 in November.
Above 50 indicates growth.Applies only for production,but NOT Utilities.
Nifty Futures [Monthly] about 3 , DISCOUNT,15/2/2013
P/C NIFTY- 1.01
Will be updated...
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