Month: November 2008

CHANGE – Reforming the Constitution of India after 60 years

Posted on by Anil Selarka

Recent terrorist attack in Mumbai killed over 125 and injured 300. It was most brazen act equated with 911 on United States. This has promoted call to curb the Islamic terrorism in its bud and address the challenge to do what has not been done in India over 60 years. Things have changed in last 6 decaldes, aspirations of the people also changed. The modern India needs modern constitution. The old constitution lived its life. It is time to change it completely. Author critically evaluates entire scenario that have long term effect. Read the article.

Vultures Circling on US Auto Makers

Posted on by Anil Selarka

The author starkly contrasts the accomodating policy of giving billions of dollars to bankrupt brokers for their off shore operations, while denying 3 Auto makers of just $25 billions to stave off the bankruptcy that would otherwise cause over 3 millions of job losses. Read more..

Helping Indian Industrialists, Mr. Prime Minister

Posted on by Anil Selarka

The Author applauds India’s top Industrialists – Ratan Tata and K M Birla. They became victims of the credit crunch that severely dented viability of their overseas acquisitions such as Corus, and Jaguar (in UK by Tata) and Novelis (by Birla). The author appeals to the Prime Minister and Finance Minister of India to help these great industrialists from India’s FOREX reserves of $300 billions and save these vital groups from dire distress. India’s forex reserve should be used for Indians first and others later, the Author argues.

How good is the Reliance Petroleum (RPL) for Investors?

Posted on by Anil Selarka

The Author tried to address the hypes on one of India’s most premium business house – Reliance Induustries Ltd, and its presently promoted Reliance Petroleum Ltd. (RPL) a massive green refinery, ranked 6th largest in the world. The refinery, in which Chevron holds 5% stake, comes on production stream in December 08 (now delayed to Jan 09). The stock price of this unborne child went on as high as 259. Currently trading at Rs 82, the author argues that the stock of this prized company could drop to 30 to 60 level due to host of factors, including hitherto unknown Rs 77oo crores of derivatives outstanding (US$ 1.6 billions). Too many shares – 4.5 billions are too much to digest in the market, although 70% is owned by its parent RIL – first ever Fortune 500 Indian company.

Ignored Letter to the President Bush Causes $15 Trillion Blow Out

Posted on by Anil Selarka

The Author reproduces the letter addressed to the President Bush proposing resolution of credit crisis with complete action plan. The letter was received by White House on 25 August, 2008, almost 2 months and 1 week before the present impasse. It was not attended to with the result the crisis developed at unprecedented pace from 2nd week of September, throwing entire Nation and the World into most horrific financial crisis. While the President had time to go to G7 meeting, he did not have time to at least look at the solution recommended at his doorstep by this author. And the result is known now – $40 trillions lost world over in last 2 months (including $15 to $20 trillions in US alone) and the crisis is not even showing sign of abating – in fact it is worsening. 2 months of golden opportunity was thrown away by the President of United States who never had any idea what to do, when, how and resolve it as fast as he could. He believed merely on rhetoric and trusted his advisers who let him down everywhere.