tag:blogger.com,1999:blog-4809483340935764696.post3007112347226675048..comments2023-07-01T14:55:14.828+05:30Comments on Aj's Take: As a responsible citizen of India how will I take my country through this financial slowdown?Ajaihttp://www.blogger.com/profile/06096062450350922403noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-4809483340935764696.post-48608900837426193622009-12-04T05:22:59.480+05:302009-12-04T05:22:59.480+05:30This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4809483340935764696.post-52013043086165408172009-07-16T01:02:30.686+05:302009-07-16T01:02:30.686+05:30@MB
Thanks bro.
@AR
Ya I did. You think he could ...@MB<br />Thanks bro.<br /><br />@AR<br />Ya I did. You think he could come up with all that himself??? ;)Ajaihttps://www.blogger.com/profile/06096062450350922403noreply@blogger.comtag:blogger.com,1999:blog-4809483340935764696.post-12305878884948917072009-07-15T20:27:32.935+05:302009-07-15T20:27:32.935+05:30Informative...Did you write to Mr Pranab Mukharji ...Informative...Did you write to Mr Pranab Mukharji befor ethe budget. :-)AJEYA RAOhttps://www.blogger.com/profile/15770471904480140472noreply@blogger.comtag:blogger.com,1999:blog-4809483340935764696.post-81729144195239890332009-07-14T17:42:24.126+05:302009-07-14T17:42:24.126+05:30Great post man... These days everywhere you look a...Great post man... These days everywhere you look around, you find gloom and doom.. Everything points to some sort of a dooms day for some strange reason.. But if we have a pause and have a look at the woes that we get to see, its so resemblant to our lives - ups and downs.. There is a serious lack of optimism around. I believe in one thing - when you are in the midst of a cold winter, be rest assured that the spring is fast approaching!!! In all this gloom that people perceive around, I am sure that there is a boom on our way.. SO stay focussed and do things that we are supposed to do.. Once again.. congrats..Mad Bloggerhttps://www.blogger.com/profile/01955798915746434341noreply@blogger.comtag:blogger.com,1999:blog-4809483340935764696.post-65959040130793166312009-07-11T13:15:57.619+05:302009-07-11T13:15:57.619+05:30@Anand
Well Anand, saving is good. But it might no...@Anand<br />Well Anand, saving is good. But it might not be a good idea to lock all the money away in the bank. Money is like water, it remains fresh if it flows, otherwise it gets stale. So money needs to be running through the system if any development or progress needs to be made. For eg: A business man might need to raise capital to expand, but if everyone saves and no1 is willing to invest with him then he either stagnates or loses business completely. So too much of savings can be a bad thing. But a little bit is necessary and that was the point i raised in my essay. Glad that you dropped by. I hope you continue reading my blog. :)Ajaihttps://www.blogger.com/profile/06096062450350922403noreply@blogger.comtag:blogger.com,1999:blog-4809483340935764696.post-14765086346499553092009-07-09T15:51:27.740+05:302009-07-09T15:51:27.740+05:30Hmm.. 'To save' has been a mantra fr decad...Hmm.. 'To save' has been a mantra fr decades. It's flawless. Always works. DOnt see why it cant now. :-)<br /><br />Hope u win bro.Razzerhttps://www.blogger.com/profile/03512875772376802336noreply@blogger.comtag:blogger.com,1999:blog-4809483340935764696.post-32976049050842355042009-07-08T23:10:41.250+05:302009-07-08T23:10:41.250+05:30@rimz
Hey thank you for your points. And welcome h...@rimz<br />Hey thank you for your points. And welcome here. :)<br /><br />@issam<br />perfecto mundo. What's with the sexy new pic? ;)Ajaihttps://www.blogger.com/profile/06096062450350922403noreply@blogger.comtag:blogger.com,1999:blog-4809483340935764696.post-62035883006457597012009-07-08T21:26:02.550+05:302009-07-08T21:26:02.550+05:30Just thought of adding to your comment.
I am with ...Just thought of adding to your comment.<br />I am with you for the savings part. All i meant was that people shouldn't have that excess cash kept inside their bunkers. In the name of savings, our folks kill the economy and we have a parallel market running.<br />I am sorry I am kinda deviating. <br />Anyways, suffice to say that I am for no unnecessary credit extension. It only creates a virtual demand which will only come back to haunt us. :)Anonymoushttps://www.blogger.com/profile/10894972097205886726noreply@blogger.comtag:blogger.com,1999:blog-4809483340935764696.post-12394614760610624382009-07-08T13:05:49.359+05:302009-07-08T13:05:49.359+05:301st of all a very best of luck for u for the compe...1st of all a very best of luck for u for the competetion..<br /><br />The piece is very well written with nice vocab n consequences properly delineate our present socio-economic condition. As u said we all shud act resp[onsible on our own parts , as thers another bon-mot 'charity begins at home'...little good things will sum up to mend the big hole...n in near future we will b out of dis meltdown. Its we d youth who are supposed to take the reign of d country in ol ways possible...<br />liked ur pisece...quiet inspiring as it brings the true facets of today's life.rimzhttps://www.blogger.com/profile/01397051720324170082noreply@blogger.comtag:blogger.com,1999:blog-4809483340935764696.post-3951283435025222602009-07-08T10:19:05.802+05:302009-07-08T10:19:05.802+05:30@Ayesha
Thank you so much. :)@Ayesha<br />Thank you so much. :)Ajaihttps://www.blogger.com/profile/06096062450350922403noreply@blogger.comtag:blogger.com,1999:blog-4809483340935764696.post-79556409043039093312009-07-07T23:31:24.209+05:302009-07-07T23:31:24.209+05:30A detailed, well-written essay.
All the best of ...A detailed, well-written essay. <br /><br />All the best of luck to you, Ajai.<br /><br />Cheers :)Ayesha Parveenhttps://www.blogger.com/profile/09218100056258179715noreply@blogger.comtag:blogger.com,1999:blog-4809483340935764696.post-51973509421012312702009-07-07T22:53:06.108+05:302009-07-07T22:53:06.108+05:30@Venky & @Issam
You guys brought out the same ...@Venky & @Issam<br />You guys brought out the same point so I'm replying for both. <br />A high savings rate means there is some sort of stability in the system as it can avoid/handle big shocks. It also means there is more liquidity in the system and gives the Govt more room to play. This is one of the big reasons why India and China's economic models are so sound. I'm sure you guys already know this. <br />I admit that too much savings can have an averse effect on the economy. I'm k in releasing credit for building value- like in funding education and homes and businesses etc. But releasing credit so you can buy that new mobile or laptop is not what I am for. With the instability in the market you could be out of a job tomorrow, then what happens to all the payments that you default on? Precisely what's happened in the US. And that's why I brought out that point. <br />Thanks so much guys for reading through and commenting. And I thoroughly enjoy discussing/debating these things here. :)<br /><br />@Sana<br />Now only if you were in the panel that decides the prizes. ;)<br /><br />@RV<br />Glad to see that we think alike Raks. :)<br /><br />@Issam<br />You will be finance minister someday bro. I can see it. :)Ajaihttps://www.blogger.com/profile/06096062450350922403noreply@blogger.comtag:blogger.com,1999:blog-4809483340935764696.post-6412245202420156802009-07-07T22:10:07.686+05:302009-07-07T22:10:07.686+05:30brillianto bro!!
But like Venky said the credit th...brillianto bro!!<br />But like Venky said the credit thingy can backfire...especially at this moment... People should be encouraged to spend. But yes, with a certain good sense... <br />Our FM seems to have big on this... But excessive deficit is only going to hurt us more... The huge borrowing will again put enormous strain on the exchequer.. And Oil prices would remain a prob.<br />I would say the focus should be on agriculture... The need to increase our productivity is enormous... <br />You rightly pointed out the power of entrepreneurship... It's like a trickle effect. With the market liberalization it was that power that Mr Singh tapped. I feel further impetus should be given to this area. Colleges should be encouraged to have Entrepreneurship Development cells and it needs to be given apt attention and focus. A lot of it is to do with the perspective. For a long time we Indians have been accustomed to working for someone. Thus all our precious manpower gets lost elsewhere. <br />And I also believe our education model needs to change. The economic impact serves right for all those colleges who were advertising for all the I.T companies. Colleges should be the brain behind ideas and from them should stem the roots of business which should branch out to serve the masses...<br />Anyways, I hope you get the prize bro!!Anonymoushttps://www.blogger.com/profile/10894972097205886726noreply@blogger.comtag:blogger.com,1999:blog-4809483340935764696.post-90037114676310581042009-07-07T11:47:16.364+05:302009-07-07T11:47:16.364+05:30Couldn't agree more with your take especially ...Couldn't agree more with your take especially on the credit cards and the personal loans front which while seemingly provide easy access to money to a large populace, also come with the rider of a very huge price associated with either! <br /><br />What is called for is strict discipline that needs to be observed at all times, good and bad! <br /><br />Also, investments in infrastructure and basic amenities will see widespread benefits, especially in the wake of a shrinking global financial scenario!Rakesh Vanamalihttps://www.blogger.com/profile/03918768913569739758noreply@blogger.comtag:blogger.com,1999:blog-4809483340935764696.post-10923219982012365252009-07-07T08:13:11.756+05:302009-07-07T08:13:11.756+05:30and the winner is the writer of the most thought p...and the winner is the writer of the most thought provoking, well written and practical writeup...Mr. Ajai!Really well written, the point on saving is very imp and its good that you pointed it out in ur essay. All the very best to you Ajai..more than winning or losing whats imp is the fact that we can point out the real problem which you've done here.You won when u decided to take part...which many didnt!Cheers!A New Beginninghttps://www.blogger.com/profile/07292758705734074064noreply@blogger.comtag:blogger.com,1999:blog-4809483340935764696.post-64503188970305717972009-07-07T06:40:02.949+05:302009-07-07T06:40:02.949+05:30hmmmm i echo your thoughts totally but fro this on...hmmmm i echo your thoughts totally but fro this one<br /><br /> "I would also like to develop a savings habit for myself and encourage others to also do the same"<br /><br />actually this can aggravates it. The more u spend there is more money flow, savings to a certain small level is ok. So i believe we should spend a lot to stop this and save less.Madmanhttps://www.blogger.com/profile/09801924403087055673noreply@blogger.com