Indian Rupee hits new low, breaches 70-mark for first time against US dollar [Update Post #316]

[waqar_ahmad]

)
Remember the formidable article written by Andleeb Abbas with its epic quote as introduction:



http://www.dailytimes.com.pk/default.asp?page=2012\05\13\story_13-5-2012_pg3_5

Good explanation that

 

[Namak_Halaal]

@Indians - The reason why the price of Gold has rocketed in INR is not because Gold is increasing in value but because the INR is getting weaker.

 

[Senman]

N_H

Please compare the growth rate of Pak Economy vis a vis India in 2000s.

Indian economy at its worst is still doing better than Pak economy.

I understand you have an obsession with India and Indians,thats all good.But a Pakistani saying Indian economy is poor is like the coal calling the steel kettle black.

what is the growth rate of major economies around the world?The whole world has financial troubles today and most are in recession or conracting and India is still doing well with 5.5%.It will be long time if ever when Pakistan gets breagging rights on economy over India.Hard for you to swallow but thats the truth.

Please post the value of PKR to USD and present Growth rate of Pakistan.

Most people who comment on Indian economy here has a real identity crisis, since they have 2 citizenship(usually UK and Pakistan) they compare India with UK standards and bash them. I think they don't realize in that process they are doing dis-service to the people who live in Pakistan.

So debate in that context, don't fall in their trap and assume its Pakistan vs India but its really UK or some first world country VS India.

 

[Namak_Halaal]

In what parameters may I ask? I thought you do your research well for your daily India bashing orgasm. Since, when did a stock market become the yardstick to measure an economy's performance. By this logic, the BSE went bonkers at the height of the boom and was outperforming most if not all western markets.

A stock market is a valid indication since it reveals confidence in an economy. With me so far? KSE was one of the best performing stock markets based on % return - the parameter. This, while India's economy was booming in the 00s too.

 

[DesiMunda]

.. its not Pakistan vs India but its really UK or some first world country VS India.

Hmm, that's an interesting perspective.

 

[Namak_Halaal]

Most people who comment on Indian economy here has a real identity crisis, since they have 2 citizenship(usually UK and Pakistan) they compare India with UK standards and bash them. I think they don't realize in that process they are doing dis-service to the people who live in Pakistan.

So debate in that context, don't fall in their trap and assume its Pakistan vs India but its really UK or some first world country VS India.

This guy is great.

We're talking about an economic crisis and Senman is talking about identities. I wonder what Senman thinks of his Indian brethren who have seen the light only to migrate from India to the like of the UK. Perhaps for another thread.

 

[Senman]

This guy is great.

We're talking about an economic crisis and Senman is talking about identity crisis. I wonder what Senman thinks of his Indian brethren who have seen the light only to migrate from India to the like of the UK. Perhaps for another thread.

If you took care enough to read the whole comment you would have understood the context of it but then what can one expect from the one who smiles at the misery of poor.

 

[Garuda]

Alright. Enough.

I don't understand one thing. Why Indian posters respond seriously to threads created by proven Indian haters ?

Do you guys really think they are concerned about Indian economy and want a discussion?

 

[cricketjoshila]

But India cannot cut the interest rates either because it will only torpedo the INR further.

1styou say cant raise rates now you say cant cut rates.Decide please.The reason for INR depreciation was a idiotic FM and policy paralysis of the government.No one has ponited a finger at the fundamentals of Indian economy.Why do you think the Pranab Mukherjee has been shunted to the Presidentail role.Why do you think the government is having troubles with its ally TMC(and the government after months of shelving important policies at instance of TMC has now new allies and can continue without them)so that they can unveil new policies.

Iran 'to accept payment in gold for oil' : http://www.bbc.co.uk/news/business-17203132

Now CJ, show me the link where Iran has just 'started' to accept payments in INR. What do you mean by just 'started'? Did the payments stop at one point? Why?

So the REPORT you posted says Iran will accept payment in Gold,it doesnt say it will reject INR.

Secondly INR is not freely flotable and hence a lot of regulatory clearances and tax amendments were necessary to use it as a payment for oil.

The mechanism has been just put into place and the 1st install ments of payments given.

http://articles.economictimes.india...ews/32317631_1_oil-imports-refiners-oil-trade

Your Doomsday is end of March 2013 – the day of the first round of Indian Bond redemptions.

Then ask me for a list. In fact we'll have a thread dedicated on companies that have defaulted in India.

Do you not see this thread is a build up to that event?

Thats 9 months away.we will see when it happens.Someone predicted Suzlon will default on its FCCBs it didnt.A few more companies will be up for redemption in july.Lets see anyone defaults or not.

Which Indian exports will boom?

My own for example.I have been due to depreciating rupee have been able to put my stuff at a discounted rate in comparision to the same stuff from Brazil Indonesia or Australia.And still making a more profits than i made last year.Exporters in India pay in rupees and get paid in $$$$.

Not talking about bragging rights over each other’s economies.

Didnt you mention that India will lose its bragging rights it has due to its economy?

 

[Namak_Halaal]

If you took care enough to read the whole comment you would have understood the context of it but then what can one expect from the one who smiles at the misery of poor.

I think it's obvious you are scraping the bottom of the barrel with this Pakistan/English dual nationality nonsense. Either you are jealous or intellectually bankrupt. Perhaps both.

 

[Blitzkrieg27]

A stock market is a valid indication since it reveals confidence in an economy. With me so far? KSE was one of the best performing stock markets based on % return - the parameter. This, while India's economy was booming in the 00s too.

The percentage return is a superficial parameter to measure confidence. Most FIIs did not buy into the KSE even during the boom due to various irregularities and inconsistencies.

Most recent example of the malice that has afflicted the pakistani economy :

http://dawn.com/2012/04/24/govt-to-allow-investment-of-black-money-in-stock-market/

 

[DesiMunda]

I don't understand one thing. Why Indian posters respond seriously to threads created by proven Indian haters ?

Speaking for myself, I like Namak Halaal. Seems like a decent family man, but one who has certain preset notions about India or probably has had some bad experiences with Indians. Anyway, I have hope that he will see the light some day.

 

[Senman]

I think it's obvious you are scraping the bottom of the barrel with this Pakistan/English dual nationality nonsense. Either you are jealous or intellectually bankrupt. Perhaps both.

No I meant every word of it, you guys won't be making Toilet/slum/poverty/currency depreciation/economy/Democracy comments about India if you are aware of the situation in Pakistan. One 3rd world country bashing other ? unheard of but what you guys think or relate to is your current living environment. Think about it, a Pakistani who lives in Pakistan will not mock India's economy because he knew the amount work it takes to uplift a poor.
I am not jealous, I am thoroughly satisfied with what I have here. I hope the best for the future growth of all South Asian countries, I don't smile on their misery.

 

[Namak_Halaal]

1styou say cant raise rates now you say cant cut rates.Decide please.The reason for INR depreciation was a idiotic FM and policy paralysis of the government.No one has ponited a finger at the fundamentals of Indian economy.Why do you think the Pranab Mukherjee has been shunted to the Presidentail role.Why do you think the government is having troubles with its ally TMC(and the government after months of shelving important policies at instance of TMC has now new allies and can continue without them)so that they can unveil new policies.

Decide what? Don't you see? Indian economy is stuck in between a rock an a hard place. It cannot raise the rates nor lower the rates. This is part of the problem!

So the REPORT you posted says Iran will accept payment in Gold,it doesnt say it will reject INR.

I backed my point with substance. Where's your link substantiating your claim?

Secondly INR is not freely flotable and hence a lot of regulatory clearances and tax amendments were necessary to use it as a payment for oil.

The mechanism has been just put into place and the 1st install ments of payments given.

http://articles.economictimes.india...ews/32317631_1_oil-imports-refiners-oil-trade

Ok will read later.

Thats 9 months away.we will see when it happens.Someone predicted Suzlon will default on its FCCBs it didnt.A few more companies will be up for redemption in july.Lets see anyone defaults or not.

9 months away? How much if a warning do you need? This is no fairytale prediction - this is real. 5 year bonds are up for redemtion. I am telling you stuff you government rather you not know. You're getting a head start here!

 

[Garuda]

Speaking for myself, I like Namak Halaal. Seems like a decent family man, but one who has certain preset notions about India or probably has had some bad experiences with Indians. Anyway, I have hope that he will see the light some day.

A nice family man can be an Indian hater too

When someone hates or loves something with passion, he has no idea what he talks. Same case here.

Bottomline is, a lot of Indians including me would anyday go back to India and still earn almost similar their.

But these so called economists open threads about their country "if its safe to visit there for 2 weeks". Can they wear jeans their while going to interior part of the country

 

[Senman]

Alright. Enough.

I don't understand one thing. Why Indian posters respond seriously to threads created by proven Indian haters ?

Do you guys really think they are concerned about Indian economy and want a discussion?

Since you asked Garuda I will be honest with you, I am seriously bored as I have nothing to do tonight and he is the only one who responds within a minute to my posts.

 

[Garuda]

Since you asked Garuda I will be honest with you, I am seriously bored as I have nothing to do tonight and he is the only one who responds within a minute to my posts.

Yah, I have seen that in the past. Not sure if you have seen that thread about napkin religion.

 

[Senman]

A nice family man can be an Indian hater too

When someone hates or loves something with passion, he has no idea what he talks. Same case here.

Bottomline is, a lot of Indians including me would anyday go back to India and still earn almost similar their.

But these so called economists open threads about their country "if its safe to visit there for 2 weeks". Can they wear jeans their while going to interior part of the country

Garuda, you are falling for Pakistan Vs India thing again, its completely different game, they don't even care about their countrymen.

 

[Namak_Halaal]

No I meant every word of it, you guys won't be making Toilet/slum/poverty/currency depreciation/economy/Democracy comments about India if you are aware of the situation in Pakistan. One 3rd world country bashing other ? unheard of but what you guys think or relate to is your current living environment. Think about it, a Pakistani who lives in Pakistan will not mock India's economy because he knew the amount work it takes to uplift a poor.
I am not jealous, I am thoroughly satisfied with what I have here. I hope the best for the future growth of all South Asian countries, I don't smile on their misery.

So basically I understood your context first time round. Not that I understand the relevance between dual citizenship and a declining INR.

 

[cricketjoshila]

If India's economy was doing better than Pakistan's economy then please explain why KSE was one of the best perfoming markets in Asia in the 00s?

How much is the total market cap of KSE vis a vis BSE or NSE?KSE is much much smaller.

To put it into prespective,

Ghana grew at 13% in 2011,Mongolia grew 11.5 percent.India grew at 7.8% China at 9.5%.

In 2010

India grew at 8.5% China at 10 percent.Whcih was less than that of a Congo,Turkmenistan etc.

So are these countries better economies than India or China?

The rate of growth is not the only important factor,size of economy,risks etc are taken into consideration as well.

As we are talking economies lets see about BRIC nations shall we?

India expected to grow at 5.5% this quarter(lowest estimates)CHina to grow at 7%(Pretty much the same difference in growth rates as was in last few years).Russia to grow at 4% and Brazil 3%.We know whats happening in Europe and America.So the whole world is in a fix and you only see India.

 

[Garuda]

Garuda, you are falling for Pakistan Vs India thing again, its completely different game, they don't even care about their countrymen.

Who cares?

Do you think they care about Indian economy ? Do you think he even has any idea about economy?

It was only India Vs Pakistan from start. So let him come out of his shell and show his real intention.

 

[Senman]

Yah, I have seen that in the past. Not sure if you have seen that thread about napkin religion.

what? I don't get it, please quote the thread.

 

[akheR]

But these so called economists open threads about their country "if its safe to visit there for 2 weeks". Can they wear jeans their while going to interior part of the country

Actually, in the said "interior parts" of the interior of the country, whenever you wear jeans or shave your beard off the very next second you don't get oxygen any-more as the Pakistanian climate is against such obvious manifestation of liberal-scum behaviour.



...

Are you trying to play on NH's rhetoric pitch ?

 

[insaan]

Speaking for myself, I like Namak Halaal. Seems like a decent family man, but one who has certain preset notions about India or probably has had some bad experiences with Indians. Anyway, I have hope that he will see the light some day.

This is how I see him too. A loving father and a family man, but he turns into someone else when it comes to India. Don't know what the reasons are.

There are people like akheR who don't exactly love India but are more interested in Pakistan. Even KKWC seems to hate the policies of India, mainly on Kashmir, but Namak is in a different league.

 

[Namak_Halaal]

A nice family man can be an Indian hater too

When someone hates or loves something with passion, he has no idea what he talks. Same case here.

Bottomline is, a lot of Indians including me would anyday go back to India and still earn almost similar their.

But these so called economists open threads about their country "if its safe to visit there for 2 weeks". Can they wear jeans their while going to interior part of the country

We should all remember Garuda fled his booming country for another country out in the West. He is living testament of the falsehood that is incredible India.

Preserve your wealth Indians! Buy Gold and Silver!

 

[DesiMunda]

A nice family man can be an Indian hater too

Satya vachan, par agar Indian hater hua bhi to kya hua. Hone do Anyone who slings mud at another gets dirty himself too. At the end of the day, whatever mud he slings, or whatever we defend it with, will not make any difference to the Indian economy. We are just sad sods with laptops stimulating our tired minds with some idle conversation on a forum.

Bottomline is, a lot of Indians including me would anyday go back to India and still earn almost similar their.

Yeah, it's heartening to see that trend. Hope it continues.

 

[KingKhanWC]

As far as I know UK taxpayers are still funding India in various ways, regardless of what the ministers say. Even if it's aid for trade, the fact is it's needed. To those majority of Indians living in worse poverty than parts of Africa, the so called economic rise of India has been a slap in the face.

 

[Garuda]

We should all remember Garuda fled his booming country for another country out in the West. He is living testament of the falsehood that is incredible India.

Preserve your wealth Indians! Buy Gold and Silver!

Don't worry about Garuda. He has moved to West 3 times in last 14 years and returns back after every 2-3 years. It will be same this time too.

Never applied for a residency in USA/UK. Unlike some who marry sisters to move to west.

 

[Senman]

Who cares?

Do you think they care about Indian economy ? Do you think he even has any idea about economy?

It was only India Vs Pakistan from start. So let him come out of his shell and show his real intention.

In a odd/weird way I think he thinks more of Indian economy than his own pay at the end of month or week or whatever.

 

[Namak_Halaal]

This thread isn't about me.

I am doing you Indians a favour.

All of us reading can profit from decline in INR. This is a free market, this is capitalism.

 

[DesiMunda]

This thread isn't about me.

But you are so adorable, we can't help talking about u

I am doing you Indians a favour.

Touched. Thank you.

All of us reading can profit from decline in INR. This is a free market, this is capitalism.

Yes, we need to make more money. Very important.

 

[Senman]

This thread isn't about me.

I am doing you Indians a favour.

All of us reading can profit from decline in INR. This is a free market, this is capitalism.

it is like ->Do what I say you will be world beaters. And then everyone woke-up )

 

[Namak_Halaal]

Don't worry about Garuda. He has moved to West 3 times in last 14 years and returns back after every 2-3 years. It will be same this time too.

Never applied for a residency in USA/UK. Unlike some who marry sisters to move to west.

You are talking about me so I think it's only fair to talk about you.

I should be worried. For all I know you could be a burden on the UK taxpayer. Lot's of sponges around these days.

Thankfully I never applied for a residency visa either. The joys of birth right.

Fact is you only moved here in UK because you couldn't find what you were looking for in India. Normally this would be understandable but during a booming India? Something doesn't compute.

 

[KingKhanWC]

Don't worry about Garuda. He has moved to West 3 times in last 14 years and returns back after every 2-3 years. It will be same this time too.

Never applied for a residency in USA/UK. Unlike some who marry sisters to move to west.

Never knew about this. Are Indians marrying their sisters to get a visa?

 

[cricketjoshila]

Decide what? Don't you see? Indian economy is stuck in between a rock an a hard place. It cannot raise the rates nor lower the rates. This is part of the problem!

Lets see this.Raising rates is a no go.But as soon as the government outs in the right policies,which have been hanging for 2 years now,the inflows of FDI money will push the Rupee up and make way for rate cuts.The problem is most of India's sectors are closed for FDIs or limited at least,which couldnt be opened due to the Paranoia of TMC.One of the reasons Indian economy flourished was the loosening of grip on sectors where FIIs could put money.

I backed my point with substance. Where's your link substantiating your claim?



Ok will read later.

Did you read the link i posted?Where has Iran rejected INR payments infact it has just accepted the 1st tranche.

9 months away? How much if a warning do you need? This is no fairytale prediction - this is real. 5 year bonds are up for redemtion. I am telling you stuff you government rather you not know. You're getting a head start here!

Contrary to what you may think N_H Information is not suppressed in India.JSW steel one of India's biggest Steel Makers has its FCCBs redemption next month so does Educomp,Rolta lets see if they default or not.A few small/medium companies may.But isnt that the natural process where high risk companies which are over leveraged may fail?Tata steel is also up for redemption this year.

Btw similar issues were raised in 2008 also,but Indian market went up an astonishing 81% in 2009 squashing all doubts.

If the government puts in the right policies,the economy will rebound.And it will happen.

 

[Blitzkrieg27]

As far as I know UK taxpayers are still funding India in various ways, regardless of what the ministers say. Even if it's aid for trade, the fact is it's needed. To those majority of Indians living in worse poverty than parts of Africa, the so called economic rise of India has been a slap in the face.

Going by your logic sir, should all the US NRIs and American Indians have a say in the way Pakistan is run given that your economy is pretty much being bankrolled by the evil kaffir Amreekans ?

btw, the British plundered us for nearly four centuries and we as a nation have been proud enough to stand on our feet to get to where we are now on our own. There is still a lot to be done, but 60 years after independence we are a force to reckon with in the world and millions have been lifted from poverty to become part of a growing middle class. That my friend is progress.

 

[Senman]

As this thread got popular the responses to my posts dwindled so I will quietly withdraw until such time where N_H deem it necessary to expose his expertise on India by creating a new thread about India.

 

[Garuda]

Actually, in the said "interior parts" of the interior of the country, whenever you wear jeans or shave your beard off the very next second you don't get oxygen any-more as the Pakistanian climate is against such obvious manifestation of liberal-scum behaviour.



...

Are you trying to play on NH's rhetoric pitch ?

No, I am asking him to play his real game.

 

[cricketjoshila]

As far as I know UK taxpayers are still funding India in various ways, regardless of what the ministers say. Even if it's aid for trade, the fact is it's needed. To those majority of Indians living in worse poverty than parts of Africa, the so called economic rise of India has been a slap in the face.

Well as far as i knew Pakistanis were among the poorest in UK and India among the richest.So how much tax does each community pay?

To those majority of Pakistanis,who face drone attacks,loadsheddings,extremism etc etc with little comfort,the very existence of a state contrary to what was envisioned by MA Jinnah has been a slap on their faces.Oh not to forget the united Muslim Homeland which lasted 24 years and broke up after one of the worst genocides in history.

Seems few NRPs live and breath India these days,when thinking about poor Pakistanis may be more helpful to their brethern.

Still havent answered have you?What is the population of sub saharan africa and what percentage of that population is below poverty line?

 

[Garuda]

You are talking about me so I think it's only fair to talk about you.

I should be worried. For all I know you could be a burden on the UK taxpayer. Lot's of sponges around these days.

Thankfully I never applied for a residency visa either. The joys of birth right.

Fact is you only moved here in UK because you couldn't find what you were looking for in India. Normally this would be understandable but during a booming India? Something doesn't compute.

Yah, but I didn't need to marry my sister to come to UK.

Don't worry. I am adding enough into UK's Her majesty's revenues. It will be enough to pay social securities to the ones who came after marrying their sisters after I leave.

 

[Garuda]

Never knew about this. Are Indians marrying their sisters to get a visa?

You donno about it as you are concentrating on Indian news too much.

Try reading news about some other country and you will definitely find it. Do you want the details ?

 

[Senman]

Yah, but I didn't need to marry my sister to come to UK.

Don't worry. I am adding enough into UK's Her majesty's revenues. It will be enough to pay social securities to the ones who came after marrying their sisters after I leave.

Its their culture thing why mock that? keep it personal don't generalize.

 

[Namak_Halaal]

Yah, but I didn't need to marry my sister to come to UK.

What does this mean? Is this the Indian route to salvation?

Don't worry. I am adding enough into UK's Her majesty's revenues. It will be enough to pay social securities to the ones who came after marrying their sisters after I leave.

Sisters and marriage again?

You work cash in hand, so forget paying taxes.

 

[Garuda]

As this thread got popular the responses to my posts dwindled so I will quietly withdraw until such time where N_H deem it necessary to expose his expertise on India by creating a new thread about India.

Yah, he has got enough responses to analyze his economics.
I will also call it a night. Got a long drive tomorrow morning.

 

[Garuda]

Its their culture thing why mock that? keep it personal don't generalize.

I am not talking about culture (which is marrying cousin). It was a separate case.

http://www.thenews.com.pk/article-33301-Siblings-married-to-get-UK-immigration-

 

[Namak_Halaal]

Going by your logic sir, should all the US NRIs and American Indians have a say in the way Pakistan is run given that your economy is pretty much being bankrolled by the evil kaffir Amreekans ?

btw, the British plundered us for nearly four centuries and we as a nation have been proud enough to stand on our feet to get to where we are now on our own. There is still a lot to be done, but 60 years after independence we are a force to reckon with in the world and millions have been lifted from poverty to become part of a growing middle class. That my friend is progress.

We all know the tricks Governments around the world pull. Lower the number of poor by lowering the threshold - ala the quality of life.

 

[Eagle_Eye]

Yah, but I didn't need to marry my sister to come to UK.

Don't worry. I am adding enough into UK's Her majesty's revenues. It will be enough to pay social securities to the ones who came after marrying their sisters after I leave.

The isolation in worcester must be getting to you..... I think you need to see a doctor....

 

[KingKhanWC]

Going by your logic sir, should all the US NRIs and American Indians have a say in the way Pakistan is run given that your economy is pretty much being bankrolled by the evil kaffir Amreekans ?

Of course, every citizen has a right to say where his/her taxes are being spent, what a daft question. You should read upon on PTI's policies and how American aid has not helped but hindered Pakistan.

btw, the British plundered us for nearly four centuries and we as a nation have been proud enough to stand on our feet to get to where we are now on our own. There is still a lot to be done, but 60 years after independence we are a force to reckon with in the world and millions have been lifted from poverty to become part of a growing middle class. That my friend is progress.

Yes tell that to the hundreds of millions in poverty, multiple times the population of Pakistan. They are loving the speed of this progress.

Well as far as i knew Pakistanis were among the poorest in UK and India among the richest.So how much tax does each community pay?

Go and do some research. Pakistani community is much larger so would be paying more tax overall. This is not a Pak or Indian issue but a British taxpayer issue.

Still havent answered have you?What is the population of sub saharan africa and what percentage of that population is below poverty line?

Are you not capable of doing your own research? I doubt the BBC have got this wrong.

 

[speed]

let's see in 9 months time if indian economy will collapse.

 

[Senman]

I am not talking about culture (which is marrying cousin). It was a separate case.

http://www.thenews.com.pk/article-33301-Siblings-married-to-get-UK-immigration-

Yes weirdos but as I said most don't do that but some will do anything for immigration and its not limited to Pakistan.

 

[KingKhanWC]

You donno about it as you are concentrating on Indian news too much.

Try reading news about some other country and you will definitely find it. Do you want the details ?

This isn't his sister you're talking about?

http://news.bbc.co.uk/1/hi/7093422.stm

 

[Namak_Halaal]

I am not talking about culture (which is marrying cousin). It was a separate case.

http://www.thenews.com.pk/article-33301-Siblings-married-to-get-UK-immigration-

Brilliant. Garuda brings a whole new meaning to desperation. A one off case.

 

[Blitzkrieg27]

We all know the tricks Governments around the world pull. Lower the number of poor by lowering the threshold - ala the quality of life.

I am not talking numbers but from personal experiences.

Anyway NH. From one rajni fan to another, I aint trying to change your view of India , but give credit were its due.

 

[Garuda]

What does this mean? Is this the Indian route to salvation?



Sisters and marriage again?

You work cash in hand, so forget paying taxes.

http://www.thenews.com.pk/article-33301-Siblings-married-to-get-UK-immigration-


As you started with me fleeing to UK, I clarified that I didn't take this above route.

I am wating eagerly to return back to my country whose economy according to you is hitting rock bottom after my work is done. The same is not true for your beloved country. It's my job which asks me to travel and not economy ( I am sure you would not understand this too).

1/3rd of Pakistanis wants to leave Pakistan and you know what your PM replied to that

 

[insaan]

let's see in 9 months time if indian economy will collapse.

People have been saying that Pakistan will collapse since I don't know when, but Pakistan is still here, not going anywhere.

Let's see if India collapses.

 

[speed]

poor post from garuda.

 

[Garuda]

The isolation in worcester must be getting to you..... I think you need to see a doctor....

http://www.thenews.com.pk/article-33301-Siblings-married-to-get-UK-immigration-

Not me. These ones who need to go to doctor. Agree?

 

[speed]

People have been saying that Pakistan will collapse since I don't know when, but Pakistan is still here, not going anywhere.

Let's see if India collapses.

exactly let's see all we do here is speculate argue etc.

 

[Senman]

let's see in 9 months time if indian economy will collapse.

We wish it otherwise but by far the sanest post in this thread by a Pakistani poster. Wait and see.

 

[Garuda]

poor post from garuda.

May be it was not clear. I was not talking about any culture. I was talking about a news as I was personally targetted as fleeing.

Hope that is clear. I even mentioned the link about the incident which I mentioned.

 

[Namak_Halaal]

To those majority of Pakistanis,who face drone attacks,loadsheddings,extremism etc etc with little comfort,the very existence of a state contrary to what was envisioned by MA Jinnah has been a slap on their faces.Oh not to forget the united Muslim Homeland which lasted 24 years and broke up after one of the worst genocides in history.

What do Drone attacks, Jinnah, Bangladesh, genocide, Muslims, and Homeland have to do with a declining INR?

 

[insaan]

This thread has reached the lowest common denominator that it was created for.

 

[Garuda]

Anyway, when we are talking about Indian economy, it will not move anywhere till the election is over.

The govt is just too unstable with so many regional parties not allowing it to take any decision. All major decisions are either pending or getting pushed.

Don't expect any strong decision in the last year before election as every party is worried about vote bank.

So wait till the election gets over. It will be back in track.

 

[cricketjoshila]

What do Drone attacks, Jinnah, Bangladesh, genocide, Muslims, and Homeland have to do with a declining INR?

This wasnt directed at you NH.It was directed at someone who understands why it was posted.Dont you think Sub Saharan Africa isnt the place to be discussed here?

I guess you may want read my post no.100 and the one after that.

 

[Senman]

May be it was not clear. I was not talking about any culture. I was talking about a news as I was personally targetted as fleeing.

Hope that is clear. I even mentioned the link about the incident which I mentioned.

Oh sorry buddy I may have unintentionally made your post more than what it seems. Misunderstanding on my part I apologize.

 

[Eagle_Eye]

May be it was not clear. I was not talking about any culture. I was talking about a news as I was personally targetted as fleeing.

Hope that is clear. I even mentioned the link about the incident which I mentioned.

It does not make sense for you to bring that up as it has no relevance to the topic.

His argument stands that in boom time you have chosen to take opportunities abroad. Why be so sensitive? It does not equate to India going down the pan!

 

[Namak_Halaal]

We wish it otherwise but by far the sanest post in this thread by a Pakistani poster. Wait and see.

Wait and see? Bloomberg is talking about INR/USD heading North on 70 with bond yields heading north of 10% as I type.

It's no big secret Indian Bond Redemptions are due Mar 2013! It's over the news because investors are afraid they will not see their money!

Only this year a major Chinese bank refused to loan cash to a prominent Indian company by stating it was not credit worthy!

You wait while others prepare!

 

[Garuda]

It does not make sense for you to bring that up as it has no relevance to the topic.

His argument stands that in boom time you have chosen to take opportunities abroad. Why be so sensitive? It does not equate to India going down the pan!

No he doesn't. He has no idea if I have taken an oppurtunity or moved here as part of my job. A lot of IT people has to travel depending on where the project is executed. So any person moving to UK is not always same as fleeing. A lot of US/UK nationals work in India also.

Have they fleed to India?

 

[Senman]

Wait and see? Bloomberg is talking about INR/USD heading North on 70 with bond yields heading north of 10% as I type.

It's no big secret Indian Bond Redemptions are due Mar 2013! It's over the news because investors are afraid they will not see their money!

Only this year a major Chinese bank refused to loan cash to a prominent Indian company by stating it was not credit worthy!

You wait while others prepare!

blah blah and they also said world will end at millennium. Oh wait what year is this?

 

[Namak_Halaal]

May be it was not clear. I was not talking about any culture. I was talking about a news as I was personally targetted as fleeing.

Hope that is clear. I even mentioned the link about the incident which I mentioned.

Your link has no relevance but clearly is a knee jerk reaction to the truth. Now you have been caught (again) you play the - This thread is about the Indian economy - card.

Do not be fooled people! This is the same guy who pretended he had no knowledge of certain political ideologies in India!

 

[akheR]

This is how I see him too. A loving father and a family man, but he turns into someone else when it comes to India. Don't know what the reasons are.

There are people like akheR who don't exactly love India but are more interested in Pakistan. Even KKWC seems to hate the policies of India, mainly on Kashmir, but Namak is in a different league.

I don't hate it either, in fact took a genuine interest in the history of the SC (which is my history too), and few of my very first reads were about the Indus, Hinduism, Buddhism & co.
I go into India-"bashing" (that's overstated) after generally reading insults on Youtube about Pakistan I wouldn't reveal here as I'd risk to be banned, pretty much a immature behaviour I agree but I have age on my side.
And I'd guess same happen with Indians who want to watch a video which has nothing to do with Pakistan but trolls pop up talking about WC & whatnot.

Also, believe me that whenever I go into that futile exercise, I genuinely regret it, insulting is just not in my nature & don't remember the last time I went angry IRL.

People have been saying that Pakistan will collapse since I don't know when, but Pakistan is still here, not going anywhere.

Let's see if India collapses.

Remember Pankaj Mishra writing that today's narrative about Pakistan were exactly applied to India in the late 80s : "failed state", "secessionist movements gaining momentum" (at that time, the Khalistan movement you can compare to Balochistan's today or the Naxalites with today's TTP), "bankruptcy" (because of pandit Nehru's socialist policies, the Indian economy never really took off before the economic liberalization of the 90s) and whatnot.
In the same flavour, I remember reading/hearing in 2009 (when suicide attacks and militancy were at their peak) how Talibans "are near Islamabad and ready to take over the nukes."

TBH, Pakistan's economic situation was never really bad before the WoT, and as much as I dislike Mushy, the previous govt. was effective.
We're just now waiting for the next general elections, I do believe that the country has the human and natural resources to shine, given a popular, honest & credible leadership.

 

[Garuda]

Oh sorry buddy I may have unintentionally made your post more than what it seems. Misunderstanding on my part I apologize.

No worries. I think my post was a bit confusing.

 

[Garuda]

Your link has no relevance but clearly is a knee jerk reaction to the truth. Now you have been caught (again) you play the - This thread is about the Indian economy - card.

Do not be fooled people! This is the same guy who pretended he had no knowledge of certain political ideologies in India!

Knee jerk reaction

This thread is the best example of that.

So now you are pledging people ? hehehe. Your facts should be enough for them to believe you.

 

[Namak_Halaal]

blah blah and they also said world will end at millennium. Oh wait what year is this?

Hehehe.

Man you have no idea and you are supposedly representing the educated middle class of india.

Hopefully it will take an indian to school you on bond Redemptions and when they are due because if anything bond redemptions are not predictions, they are a regular occurrence.

Cheer up, it's not the end of the world.

You still have your democratic vote right? How much do you think you can sell your vote for? I'd start hedging now.

 

[Senman]

Your link has no relevance but clearly is a knee jerk reaction to the truth. Now you have been caught (again) you play the - This thread is about the Indian economy - card.

Do not be fooled people! This is the same guy who pretended he had no knowledge of certain political ideologies in India!

No definitely this thread is not about Indian economy, its created by/for you to get high but no one can doubt your Ph.D. in Indian economy.

 

[Namak_Halaal]

I told you Garuda would eventually bail.

 

[Garuda]

I don't hate it either, in fact took a genuine interest in the history of the SC (which is my history too), and few of my very first reads were about the Indus, Hinduism, Buddhism & co.
I go into India-"bashing" (that's overstated) after generally reading insults on Youtube about Pakistan I wouldn't reveal here as I'd risk to be banned, pretty much a immature behaviour I agree but I have age on my side.
And I'd guess same happen with Indians who want to watch a video which has nothing to do with Pakistan but trolls pop up talking about WC & whatnot.

Also, believe me that whenever I go into that futile exercise, I genuinely regret it, insulting is just not in my nature & don't remember the last time I went angry IRL.



Remember Pankaj Mishra writing that today's narrative about Pakistan were exactly applied to India in the late 80s : "failed state", "secessionist movements gaining momentum" (at that time, the Khalistan movement you can compare to Balochistan's today or the Naxalites with today's TTP), "bankruptcy" (because of pandit Nehru's socialist policies, the Indian economy never really took off before the economic liberalization of the 90s) and whatnot.
In the same flavour, I remember reading/hearing in 2009 (when suicide attacks and militancy were at their peak) how Talibans "are near Islamabad and ready to take over the nukes."

TBH, Pakistan's economic situation was never really bad before the WoT, and as much as I dislike Mushy, the previous govt. was effective.
We're just now waiting for the next general elections, I do believe that the country has the human and natural resources to shine, given a popular, honest & credible leadership.

Beautifully put. Completely agree with your analysis here.

Many times I feel the same. I always feel what is happening in Pakistan feels very similar to what it was in late 80s and early 90's in India. Everyone was feeling helpless.

But it will improve if people were allowed to elect their next govt and that is given its full run too.

 

[Senman]

Hehehe.

Man you have no idea and you are supposedly representing the educated middle class of india.

Hopefully it will take an indian to school you on bond Redemptions and when they are due because if anything bond redemptions are not predictions, they are a regular occurrence.

Cheer up, it's not the end of the world.

You still have your democratic vote right? How much do you think you can sell your vote for? I'd start hedging now.

And you are supposed to represent .........oh I forgot what is your identity?

 

[Garuda]

I told you Garuda would eventually bail.

Garuda has done his work successfully.

Don't you think so ?

Now carry on with your economic analysis.

 

[insaan]

I don't hate it either

I didn't imply that. I wanted to give an example of a Pakistani who does not sing the aman ki asha tune, does not mince words when his country is insulted, yet is objective when it comes to India, and is mostly concerned in the affairs of Pakistan. Someone who is an example of PakPassion, not IndoHatred. Something some other Pakistani PPers can learn from.

Of course, I would expect the same from Indians.