Uncontrolled Bad Financial Policies of Indian Government

Here is a detailed article on "Uncontrolled Bad Financial Policies of Indian Government" which has put India in a Financial Mess. Wow! its a great article with in depth analysis. Read the full article to get the Insight. It is really an eyeopener how Indian Government is not doing anything from Indian Economy going downside. Click & Read the full article at.........Uncontrolled Bad Financial Policies of Indian Government

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Two-year 'yagna' to save world from economic crisis - Cost? Rs150 cr

RAMOSANA (Gujarat): Nobody is sure what it would take for the global financial crisis to end. But efforts are on in this small village in Gujarat’s Mehsana district to put in money, manpower and time to try and turn things around.

Some 3,000 priests have gathered here to hold a two-year-long yagna (religious ritual) where they will chant hymns for divine intervention to tackle the global financial crisis. The price tag: Rs 150 crore. Read more...............Yagna to end financial doom. Cost? Rs150 cr

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Divine intervention sought for global economic recovery

BHUBANESWAR, India – Hundreds of people gathered for a Hindu religious rite in a town in eastern India, seeking divine intervention into the global economic crisis as stocks plummeted worldwide, organisers said.

The rite was performed on the same day as the Indian rupee hit a record low of 50.15 per dollar, and the Indian share market dropped 11 percent to three-year lows.

More than three hundred people watched the rite being performed by 131 priests in a temple in the beach city of Puri in Orissa state. Read more.................Hundreds in India pray for global economic recovery

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One in seven people go to bed hungry,every day in India

Today, India's benchmark Bombay Stock Excahnge Index ( BSE) crossed 19,000 & it is daily making new high records. India may be the second fastest growing economy in the world but it still has a long way to go in eradicating hunger where it is ranked at 94th position well behind neighbouring China and Pakistan, a global report says.

According to the latest Global Hunger Index 2007 from International Food Policy Research Institute (IFPRI), although India has improved its score of 25.03 on the index compared to 33.73 in 1990, it is lagging behind China and Pakistan ranked at 47th and 88th positions, out of the total list 118 countries, respectively.

The index is mainly based on proportion of undernourished in the population, prevalence of underweight in children under five years and those under-five mortality rate.

"One in seven people go to bed hungry every day. That's 854 million people worldwide. Hunger is one of the world's major problems and therefore one of its most important challenges," say the report's authors.


Link: Resurgent India goes to bed hungry

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Rains create havoc in India

Isn't it strange that an economy which is rising at 9-10 % per annum is unable to control the basic thing as rains in its major cities. Here are few pictures of the India's metropolitan cities, Mumbai & Kolkata which have been devastated by Monsoon Rains over there this year.

It's high time Indian Government takes some emergency measures to control the devastation caused by the rains in India.

Below is a picture of an Indian hand rickshaw puller who is pushing his rickshaw through the waters after a heavy downpour in Calcutta / Kolkata city in West Bengal state of India. There is another picture of a Taxi submerged in the Mumbai city in India. Other pictures are also from India where heavy rains have created havoc.

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Living on less than 26 cents a day, there are 200 million such Indians

Can anyone ever dream off, two third of American population living on less than 26 cents a day? India is nowadays being projected as 'India Shining', it's economy booming, it's GDP growing at 8-9 % per annum. But how much it is benefiting the rural Indian population, below data shall reveal very much. As per one News report here is some startling data. This data is as per one report prepared by The National Sample Survey Organization.

a) More than 200 million people in rural India, lived on 12 Indian rupees
(26 cents) a day or less.
b) In India Bihar, Madhya Pradesh, Jharkhand, Orissa, Chattisgarh and
Uttar Pradesh are the poorest Indian states.
c) In Orissa and Chattisgarh 55 to 57 percent of villagers lived on 12
Indian rupees (26 cents) a day.
d) 10 percent of the rural population all across India lived on just 9
Indian rupees (20 cents) a day.
e) 30 percent of poor in India's cities lived on just 19 Indian rupees
(42 cents) a day.
f) 10 percent of poor in India's cities lived on just 13 Indian
rupees (28 cents) a day.
g) In Madhya Pradesh, 47 percent of the rural population lived on
12 Indian rupees (26 cents) a day, followed by Bihar and Jharkhand,
where 46 percent were living on that amount.
h) In Uttar Pradesh, 33 percent of the rural population lived on 12
Indian rupees (26 cents) a day, while in Maharashtra, home to India's
financial hub, Mumbai, 30 percent lived on that amount.
i) In Bihar, as many as 55 percent of the urban population were living
on 19 Indian rupees (42 cents) a day, followed by Orissa with 50 percent.

Isn't these are weird statistics & show how benefits of economic boom in India are hardly reaching the rural masses.

Picture Credit: rediff.com

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