THE FOREIGN WAY.

                          
                                 THE FOREIGN WAYYYYYYYYYYYYYYYYYYYYYY..     


First I want to preface this article with a great expression of thanks to all the readers who read my blog and pay heed to my works.
Today I am going to talk about on of the hot gossips perennial and ubiquitous in India. Yes, you are right I am talking about the FDI in India. Something that is all the rage and has attracted the attention and enthralled the people of India whenever the issue arises in the public debate and the government thinks of doing anything about the issue. The issue is Foreign Direct Investment (FDI) which has proved as a nightmare for the small retailers and companies and a very relishing and jovial thing for opposition parties and has been used as ammunition by the opposition in order to condemn and rebuke the policies of government. 
Some people are deeming FDI as their while some are considering the FDI as a way of approaching the methods of foreign countries and companies in order to make their company successful, while some other people who have no knowledge about the economy cast their vote in Can't Say ballot because because of apathy for the topic. But if we consider the issue from different angles, we will find that FDI in retail is definitely going to adversely affect everyone and everything in India, Its going to exterminate someone's life while on the other side it is going to make someone's life beautiful, but before jumping to any conclusion so easily lets discuss about the topic deeply and from every angle so that nothing is left out.
What is FDI? Almost everyone is talking about these three alphabets that are going to change the lives of people but only few people are aware and clearly know- What is FDI????????

FDI refers to Foreign direct investment (FDI). From the meaning its transparent and clear that it is related to some foreign activities. FDI direct investment into production in a country by a company located in another country, either by buying a company in the target country or by expanding operations of an existing business in that country. 

 Nowadays FDI is prevalent in all the developing countries- and Chinese government has even said that- Persuading other companies to work in a country has now become a goal of countries.
 If FDI is allowed in a country, this means that the country is allowing and permitting foreign companies to invest in the country by

• by incorporating a wholly owned subsidiary or company
• by acquiring shares in an associated enterprise
• through a merger or an acquisition of an unrelated enterprise
• participating in an equity joint venture with another investor or enterprise.. --

But FDI affects a country adversely. As a coin has two faces, the same is with FDI. It also holds two faces or aspects through which it can be seen. The first is a good one and the second is a bad one but both have their origin from the same coin.
The merits of FDI in India are -
1. Farmers- The reason given by the government of India in support of the FDI in retail. The role of intermediaries who earn a lion's share in the transportation, buying and selling of grains and crops. These people buy crops at a very low and cheap rate from peasants and sell them at a considerably high price in the markets. But if FDI comes, then companies will directly buy crops from farmers and the role of intermediaries will be dwindled.
2. Technology diffusion and osmosis- Through FDI, Indian companies can also know about how foreign companies work and how everything is maintained which will assist them in gaining success in business.
3. Choice - With so many brands, Indian customers will get a large choice of projects to choose between various companies.
4. Import and Export- This will open the gates for import and export businesses and will open a wide spectrum for those companies.
5.Employment - FDI has also ensured a number of employment opportunities by aiding the setting up of industrial units in various corners of India.

But as we all know "To get something we have to lose something." And the same case is with FDI (Foreign Direct Investment). To avail the cons we have to also bear the cons of this FDI.
In this case pros will pave the ways for cons.
Some of the cons of FDI in retail are:-
1. Draining out of National Income - There will be huge draining out of national income if we allow the FDI, because foreign companies which are more developed than our companies will take all the credits and then use the money in their own company which will lead to the draining of National Income.
2. Small Retailers - Small retailers will be very harshly affected by this FDI as when big companies will come near our home then, we will undeniably prefer to use the products of big companies and the small retailers, shopkeepers would not earn money which would result in their extinction. 
3. Indian Companies - There are many computer software companies in India but only two or three like Wipro, Infosys are famous, this is because of the monopoly of companies like Micorsoft, Apple, HP, Samsung etc. in the computer Market. If this is the situation sans FDI in India, then what will happen if the FDI is allowed and permitted.


The last thing that I want to conclude is that FDI is having both good as well as bad features, so India should use the FDI in a limited way and should maintain strictness from the very beginning.

                   JAI HIND, JAI BHARAT, JAI MA BHARTI.

     

Maratha Politics

Ajit Pawar, Ex- CM of Maharashtra

Nowadays corruption is flourishing in India and has become an integral part of the country. The rampant corruption is prevalent in all the parts of India and that's why now the common denizens of India have become used to tolerating the scams made by the central government and state governments. People raised their voice against this but all things were futile or in vain and didn't bear any fruit and the voice of people was suppressed because no one paid heed to their rising voice. 

Again a scam has emerged into limelight from the darkness of politics. This time it is Irrigation scam of Maharashtra which is worth more than your expectation and fantasy and has crossed the gamut of the scams and the imagination of people of India. Today, I am talking about The Maharashtra Irrigation scam, which has cost the losses of Rs. 35,000 crores to Maharashtra Government and has resulted out in the draining of an immense and substantial amount of money which if would have been invested in the welfare of people would have definitely resulted in a great uprise of the lower and lower middle class and would have decidedly cured many problems confronted by the country upto a small extent but, the ministers who are athirst of power and money, notwithstanding considering the problems and queries of the people or the kings who choose them and who put all their faith in them, make plans of replenishing their home with humongous amount of money, but something that these cheap people forget is that "BAD IDEAS AND WORKS CAN NEVER DEFEAT GOOD IDEAS AND WORKS"  and as Chanakya has said" Vinashkale Viprit Budhee" which means during the time of our destruction, we go against our intelligence, and these people also do the same thing and make goof ups which results in their ultimate end.

  The Maharashtra irrigation scam was revealed after the Economic Survey’s observation that though Rs 70,000 crores had been spent on various projects in the last decade, the state’s irrigation potential had increased only 0.1% and due to this disclosure DEPUTY CHIEF MINISTER OF MAHARASHTRA MR. AJIT PAWAR has also resigned because he has also been alleged of being embroiled in the Maharashtra Irrigation Scam as he was the state irrigation minister at that time. Ajit Pawar is also the nephew of Mr. Sharad Pawar, Agriculture Minister Of India. The state irrigation ministry has been in hand of NCP since 1999 and was being run by Ajit Pawar till 2009 and after him Sunil Tatkare has  been spearheading the ministry. Ajit Pawar suddenly gave his resignation after the revelation of scam and relinquished his powers but the government in Maharashtra was first reluctant to consider the resignation but has to because of the circumstances. The thing that has disturbed the Maha government more than anything is that this scam coincided with the exposure made by the media about Sunil Tatkare’s alleged involvement in irregularities and the floating of more than 140 companies by his relatives. And you people would undeniably be shocked by the intensity of scam- The scam involves 32 projects in the under-developed Vidarbha region alone while the rest are in Konkan and north Maharashtra. It has also been alleged that the scam involves inviting tenders at higher cost and involves many political bosses, irrigation officials and contractors. The cost of 38 irrigation projects in Vidarbha was increased by over 300% from Rs 6,672 crore to Rs 26,722 crore by the Vidarbha Irrigation Development Corporation (VIDC) and this was approved in a short span of three months between June and August 2009. The VIDC, however, argued that the costs were revised because of the change in price levels, higher quotes by contractors, increase in the cost of land acquisition, engineering changes and other reasons. In yet another case, revised administrative approval for the Lower Wardha project was granted on the Independence Day, a national holiday.  Interestingly, the cost was revised to Rs 2,356 crore from Rs 950 crore by VIDC executive director on that day.The cost of the Upper Wardha project in Amravati was revised to Rs 1,376 crore from Rs 661 crore.
Another case is that of the Bembala river project in Yavatmal district of Vidarbha. Its cost was revised from Rs 1,278 crore to Rs 2,176 crore on August 14, 2009. Bembala was one of the 10 projects which got approvals in a hurry.
 When grilled by the media persons the honorable Ex- minister said the decisions were taken while keeping the state cabinet in the loop. Furthermore, he added that these decisions were taken well within the power vested in him as the irrigation minister.   

But the good news that is coming is that the honest body CAG (Comptroller and Auditor General) has started investigating the matter and will come up with honest and fair results soon.

  It can only be judged who is guilty after a fair trail but something that is as transparent as a glass is that this scam is undoubtedly a very big one and also includes many big names who have been benefited from the scams and will produce shocking revelations.