The Great Debate (India)
Can Congress survive without DMK?
The Dravida Munnetra Kazhagam (DMK) put off its plan to resign ministerial posts until Tuesday, offering respite to the Congress-led government fighting to win back public trust after a raft of corruption scandals.
The DMK, which gives Prime Minister Manmohan Singh’s coalition vital support in parliament, had said its six ministers would quit the coalition on Monday because of a row over seats to be contested in the Tamil Nadu election next month.
But can the Congress survive without the DMK? Share your views.
What would you do if you were the FM?
The task before the finance minister is tricky as the Congress-led government gears up to present the annual budget for 2009-10 on July 6.
Reuters India asks its readers to don the FM’s cap and tell us what shape they would give to the budget to keep a country of over 1 billion people happy.
Extremly poor budgetIt lacks directionsWe need to make Income tax compulsory for all not put tax limits. Let it be small amount let it be even 5% but everybody should pay tax otherwise they would never respect infrastructure and act irresponsibly.When whole world looks for non-agricultural way of developing we still relay on agriculture. Are we going back or forwards? We need food but when things can be done by 10% of population how can you engage a major population in it? That is called inefficiencyThere is no clear cut direction for INDIA. India has lost to china and will loose it\’s power due to direction-less budgetTo give food to needy is a temporary solution but to make him capable to earn is real solutionUnfortunately this government has nothing to offer except sellouts and charity which is again inefficient way of managingOverall the stock market is too much up and this budget speaks that this government lacks clarity,will,management and economics to take INDIA forward or make it world leaderWith this budget there is no over-reaction this market is extremly over priced. India is flying in dreams and yet needs to test the level ground of actionsUnfortunately with this budget India has lost it\’s credibility once again. It is unstable. It is reflection of mindset of chaos and lazinessEnd resultThe real industry the real finance the real farm sector, the real estate is extremly overpriceand in 1 year or 7 years from now that is sooner or later INDIA will face the same credit-crunch and declining estate prices and will pay price for lack of visionary,greed and mismanagementBottomline the correct land value in INDIA is 50% of what it is nowThe correct market is at least 60% down meaning this market is 60% overpricedThese may seem overstatements or pessimistic views but this is realityThose westeners who are investing in INDIA are just playing games and they will withdraw sooner or laterWe still work on populist not econmoist fundamentals which means we want everything without doing anything and that will be the cause of our downfall
-
The Wall
One’s loss is others gain… SP is ready to enter into the wings…….for power play……. to play arm twisting later……