On October 11, 2012, i wrote the blog ‘From Emerging to a Submerging Economy’ https://commonmansblog.com/2012/10/11/india-from-emerging-to-a-submerging-economy/
I read the story in the Economic Times today, titled ‘Feast of Burden’ ( Page 10, ET dated August 3-9, 2014). It is almost two years since i wrote my blog and this story on corporate debt. Things are still the same , rather have gone worse . For example ,
The cumulative debt of;
- Tata Group is about Rs. 2.00 lac Crore
- Reliance ADA Group is about Rs. 83,000 Crore
- Jaypee Group is about Rs.66,000 Crore
- Bharti Group is about Rs.60,541 Crore
- GMR Group is about Rs.37,788 Crore
- Lanco Group is about 34, 876 Crore
- HCC is about Rs. 11,150 Crore
I am not mentioning the rest of the groups like ESSAR etc…. Small and mid-size companies would further make the situation scary .
It is time that the Government asked all these companies to come out with a clear statement of how they are going to service these debts, to ensure that these companies do not end up creating a ‘cloud burst’ for the Indian middle class and disturb the economic prospects of this developing country
Rajendra Pratap Gupta
Indian milkman uses oxytocin injection twice a day to extract milk from his cattle.
Greedy dairymen inject cattle with veterinary Oxytocin to produce more milk. It is used to force the cow to give milk even after severe beatings and stress. However, it destroys the cow’s reproductive system and she goes dry in just 3 years. She is then abandoned.
A substantial part of the oxytocin injected into the cow seeps into the milk. It is very harmful for humans who unwittingly are made to consume an artificially created hormone. Humans face all the harmful effects of this drug. Children are most susceptible to its effects (it is known to have caused imbalanced hearing and weak eyesight). Common symptoms are exhaustion and loss of energy. Expecting mothers should avoid milk that may have been adulterated with oxytocin because:
– Oxytocin increases the risk of post-partum hemorrhage
– Individual women may be hypersensitive to oxytocin and it can inhibit breastfeeding.
– Oxytocin seriously affects the growth of hormones, especially in females, because of which minor girls attain early puberty.
Oxytocin is also found in phenomenal proportions in beef and other meat. Over 75% of all beef are known to have high and dangerous level of oxytocin content.
The Government of India has acknowledged the negative effects of oxytocin and has declared it as a scheduled substance.
But why I am trying to teach you veterinary science? You must know that FDI in retail, or selling the stakes in Public sector units ( PSU’s ), the one time sale of spectrum, reducing CRR & Chidambaram’s budget are nothing but a dose of ‘Oxytocin’ to our ‘Gau maa’ – Mother India. We will, for sure, temporarily increase the GDP & show some growth in GDP, but the long-term impact would be painful to our economy. Hope good sense will prevail and we will find ‘sustainable models for rural income and consumption’ & focus on sustainable rural economic model to avoid an overdose of Oxytocin for our economy, which will kill it forever…
Rajendra Pratap Gupta