Sunday Reflections - Page 15
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  1. #141
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    Tamil nadu theatre owners have called off their bandh and resumed screening of films with higher ticket prices pending settlement with TN govt.

    The film goers will pay a higher price for seeing films.

    Ultimately consumers are not kings.

    They pay more due to GST along with entertainment tax of TN govt.

    Similarly sivakasi fireworks fellows [both employers and employees] have called off their strike.

    Who knows if further promises have been made to them?
  2. #142
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    Another sunday 16th july.

    All news channels celebrated sensex crossing 32000.

    The domestic investors are happily pushing their money into the market believing in get rich fast theory.

    Most foreign investors are withdrawing with domestic investors replacing them.

    One should reflect who is right ?

    If one looks around the economic scenario is depressing.Rural distress , manufacturing contracting,IT layoffs, higher cost of cinema tickets, tomato prices skyrocketing, GST

    getting applied to telephone bills, articles of discretionary spending, empty malls, gold prices shooting up.Is there anything to cheer.Women are shouting about GST on

    sanitary napkins is the news of the week.

    Is stock market a bubble waiting to burst?.

    There appears to be a disconnect between economics and ground realities.

    The rich in india are pumping in more money into the stock markets and talking acche din . Stocks are touching new highs never seen before.

    Similarly when demonetisation took place, all economists thought it was a disaster. But the poor celebrated as they saw the well off upper class folks suffering due to their

    stashed away high value notes.

    Then GST introduction , most common folk asked what is there to celebrate at midnight to pay tax.LOL

    When some gave economic logic that GST will lead to faster movement of goods and items will become less expensive, most found that neither goods moved faster nor they

    paid less for goods they normally buy.It was only more in most cases.

    Those who loved their money decided not to buy anything before prices settle down .

    I do not know whether they will ever settle down.

    I take anything an economist says with a pinch of salt.

    TN politicians and economists are losing their reputation in new india.
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  4. #143
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    If you still want to play in the stock market with new highs,the best bets are nationalised banks , FMCG like Hindustan unilever, ITC .Stay away from IT and pharma.Metals be selective.
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  6. #144
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    Why is thew indian economic scene depressing?

    Statistics are doled out that inflation is at all time low, Fiscal and revenue deficit are under control.

    Yet the economy is not taking off.

    The basic two ingredients for growth -exports and industrial capital formation are missing.

    The european economies are not doing well enough to take in our traditional exports of jewellery,gems,textiles.

    Our own industrialists are only trying to ensure that their plants are using their capacity utilisation to the full instead going in for more capital for additional capacities.

    Banks flush with funds have no takers due to NPA resolution issues and becoming more cautious in lending.

    Though the economy is placed well for take off, nothing much is happening on the ground.

    Indias strength is manpower . But they are not skilled enough to get good employment.The poor are unemployed or in employment giving them just enough for their

    survival. So they continue to be poor. Thats the state of 50% population.Our human resources are going waste due to inability to harness them.Our HRD is a disaster.UGC

    is unable to create structures for easy skilling and educating our youngsters.They have not realised the potential of online learning and allowing easy access for private

    players to educate more online.They are more interested in hindi propagation and spreading hindu sanskar whatever it might mean.

    [to be continued]
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  8. #145
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    Local consumption has to increase. One way to do that would be to put more money in the hands of the poor. You can not expect the rich to spend their money locally, but poor will spend it to improve the local economy.

    One way would be to Tax the rich and increase infrastructure spending. Our roads, bridges, railroads, electric grids, telephone etc needs capital expenditure. That will need labor.
    But ultimately labor requirement is going to diminish, the advent of AI, automation, and robotics will eliminate jobs. So I do not have any suggestion for long term employment.
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  10. #146
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    வீடு தாேடி வந்த ஆடி!

    Yesterday ( Sunday ) I woke with noisy activities below my balcony and could see people erecting temporary shamiana At 10 AM Anjali appeared at our door with few cut roses and sweets (Adayar Ananda Bhavan) and her boss from Audi inviting us for a test drive I promised I have no intention of buying Audi - yet she said I would love it when I sit on that seat - ergonomic and anthropometric compliant designers seat s I accepted her offer Audis price slashed by 2 L GST effect she declared but kept silent on the effect on insurance ! At 4 PM with our grand children I sat near pilot in the 'cockpit and the children on the back seat

    I was not impressed Amby of yester year had better seating with no ergonomics or cockpit and cluster!

    Getting in and out is painfully uncomfortable!

    Children are excited about Audi

    https://photos.app.goo.gl/RfCA7gDS9ApUDykm1p


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  12. #147
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    Quote Originally Posted by Janaki Jambunathan View Post
    வீடு தாேடி வந்த ஆடி!


    I was not impressed Amby of yester year had better seating with no ergonomics or cockpit and cluster!

    Getting in and out is painfully uncomfortable!

    Children are excited about Audi

    https://photos.app.goo.gl/RfCA7gDS9ApUDykm1p

    JJji,
    I am a car enthusiast. My niece's son does the performance test of a luxury brand cars for some local magazine.
    I have driven Indian Audi A6, petrol version. It is an excellent car.

    It is rather sad that you compared it to Amby, a 60-year-old technology British discarded junk. Obviously, your taste in cars is outdated. Instead, AMBY may be you would have preferred a Chariot (just a joke).

    knew I could have an Audi previous to buying it. But when I bought it I truly found myself on the top of the world. The class that it gives is immensely superb. You can have your own unique presence on the road with this Audi. The exteriors are just flawlessly magnificent. The need for speed is always taken care of in this Audi with its super responsive
    gearbox . I liked its one of the features which is that it can learn even our style of driving whether its is fuel saving or it is sporty.


    https://autoportal.com/newcars/audi/...oise-9064.html


    Then again I am vegetarian so if some one talks about Steaks and its quality, I can care less.


    A car is not just for utility (going from one place to another), car depicts your personality. If it is the utility alone use Ola or something else.


    When I worked in India in 1970's, we did not know any better, I used to drive the outdated Ambassador. we had limited choice back then.

    Today's cars with their big bucket seats, thick pillars (structural uprights that support a car's roof) and high window lines just don't have the same sense of airiness.There can be no doubt, the Ambassador's demise marks the end of an era. However, for me, it's an era best forgotten.
    The Ambassador was a symbol of all that was wrong with India's controlled economy and its stifling regulations. Carmakers could not increase prices or make more cars without the government's approval. They couldn't import technology or components and had to make do with locally developed bits and pieces that were shoddily produced.

    Buyers were saddled with cars of appalling quality, which constantly broke down and yet the waiting list to buy one could stretch up to eight years!
    Along with every motorist of my generation, I was at the receiving end.
    You needed really strong triceps to work the ridiculously heavy steering, the deftness of a surgeon to slot home the spindly column shifter into each gear (shifting from second to third gear was an art form) and immense strength to make the car stop - you had to nearly stand on the brakes.

    http://www.bbc.com/news/magazine-28085095
    Last edited by prasad1; 17-07-2017 at 09:02 PM.
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  14. #148
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    Today's cars with their big bucket seats, thick pillars (structural uprights that support a car's roof) and high window lines just don't have the same sense of airiness.There can be no doubt, the Ambassador's demise marks the end of an era. However, for me, it's an era best forgotten. (#147)

    When you try to get into those big bucket seats painfully manipulating your body may give a gut feeling of kicking the bucket -


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  16. #149
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    hi


    everything changing...but many indian roads and streets never change..i prefer two wheerler/bicycle prefered in india than AUDI...
    asato maa sadh gamayaa, tamaso maa jyotir
    gamayaa, mrityor maa amritham gamayaaa..
    om shanti, om shanti, om shanti...upanishad
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  18. #150
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    Ram and I prefer an Ambassador car to any of the new arrivals. Invariably we get a back pain, while travelling

    long distances, in the new Hi fundA cars! Somehow, the seats don't give the best support to the spine!

    Kolkata is THE city where we find lots and lots of Ambassador cars, mostly in yellow color!
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