Iranian Puzzle

Dear Idiot , thanks for displaying your idiocy.

Re: # 61
When you will learn to behave like good humans, you will understand the meaning of words carrying wisdom! The statement is for humans those have sense and it was understood by the majority of your american settled Indian industrialists!

Idiot : ``you will be thanking Pakistan being in your neighborhood, else West and USA would have not given India so much importance as it received!``

Dear Idiot. Kindly elaborate on the above statement. Makes no sense.

Also you make a lot of the fact the India`s debt-to-GDP ratio is 56%. Do you know what America`s debt-to-GDP ratio is ? 65%.

(http://www.cia.gov/cia/publications/factbook/geos/us.html)

Re: # 57

Though it hurts to try and reason with some one like you because of the attitude, still one last try is hereunder for your awakening, for I understand from where you are coming:

An Indian news paper (The Hindu May 13, 2005) clipping reads as: `` NEW DELHI: The World Bank and the Asian Development Bank (ADB) on Thursday signed agreements with the Indian Government for extending an IDA credit of $ 465 million from the World Bank and a total aid package of $205 million from the ADB towards post-tsunami reconstruction and recovery efforts in the country.

Of the ADB assistance, $100 million is to come as loan, another $100 million as grant and the balance $5 million is to be provided from the Japan Fund for Poverty Reduction, according to a World Bank statement here.``


Secondly, if you have some interest in economics you may like to read your Kelkar Task Force (KTF) paper regarding whether Indian debt / borrowing is sustainable or not; where the sustainability of borrowing or debt of a country is understood when the debt to GDP ratio is 50 percent, as per my information, the present (2005) level of Indian ratio is 56.8 per cent, which implies that it may be borrowing to pay off some outstanding debts with interest. Thus India needs to perform much well than what it is even doing now. Your desires that India should not borrow, as foreign aid does not work, is commendable, and every poor and developing country around the world desires the same, however the ground realities are different, at present it just stand as wishful thinking...When you are able to get some wisdom, you will be thanking Pakistan being in your neighborhood, else West and USA would have not given India so much importance as it received!

Take good care of yourself and if possible do try to see other side of the strories that you are at the moment familiar with!

Re: # 4 Mr.Cannanne... You asked why I am bothered about import of food products from India.
Please read following article. This material imported to combat inflation in goods requored by poor people in my country. Now instead of helping now govt of India is playing politics with caring for poor people. They are putting pressure to get access to Iran, afghan , and central asia. Is it humanatarian to play politics and hurt poorest people ?
That is reason I support import from Muslims countries and our great friend China. India can not be good partner as they do not treat pakistan as equal partner also they export more than Import. With Friend country as china or brother muslim countries trade onesided is ok also as muslim brother get employed while India is enemy nation no point in feeding hindu snake when it is going to bite at proper time. Hope this will clear my argumenrt.
Now read
India ‘trading’ time over land route

Nadeem Malik

ISLAMABAD: New Delhi is dallying over the issue of land route export of meat, vegetables and other eatables to Pakistan via Wagah border frustrating attempts by Islamabad to beef up food supplies in the market.

India has asked Pakistan to submit a formal written request to New Delhi to permit trade through cargo trucks at Wagah. Indians are apparently reluctant to move forward, demanding transit trade facilities with Afghanistan and the Central Asia. However, Pakistan has finally sent a formal official proposal for cross-border movement of the truckers.

The Government of Pakistan allowed food imports from India after rampant inflation led to surge in prices of daily use items beyond the rationale levels. The worst hit segment was the poorest of the poor, as less than adroit management of food stocks resulted in rising kitchen items’ prices.

Pakistan has received some food supplies in Karachi from Mumbai via small naval ships, but land route is crucial to ensure timely supplies in the Punjab and NWFP.

The annualised rate of inflation, measured by the Consumer Price Index (CPI), has moved up to 9.33 percent for the first 11 months of the current fiscal year, which includes food inflation of 12.8 percent, which is far higher than the non-food inflation of 6.98 percent. The government hopes inflation would slowly move down the ladder once the import of essential vegetables and meat/live animals is formalized from India. The government is negotiating a passage facility for cargo trucks at Wagah, where Pakistan has also been setting up quarantine facilities. The Planning Commission expects 9.7 percent inflation during 2004-05 and 8 percent in the medium-term.

Pakistan has been experiencing strong inflationary pressures for the last year or so, mainly due to rapid upsurge in food prices, coupled with supply shortages, higher fuel prices and growing monetary expansion. The total monetary expansion during the last three years is about Rs 870 billion, which helped propel the economic growth rate but resulted in a price hike.

High inflation and large unemployment rate of about 7.8 percent are two fundamental challenges for reduction in the poverty levels in the country.

However, almost 55 percent of the increase in CPI-based inflation has been perpetuated by the food items, like wheat, atta, vegetables, milk, meat and so many other items, which are essential commodities for every household to survive in this world. Even the poorest of the poor need wheat flour, vegetables and pulses, as children need milk, but prices of such items are rising continuously.

Official statistics have claimed some reduction in inflationary pressures during the month of May over April, but its impact is hardly seen in the markets. The CPI increased by 11.1 percent in April and 10.25 percent in March.

Another important inflationary measurement is the Wholesale Price Index (WPI), which shows food inflation at 10.87 percent. If the wholesale food prices increase at such an alarming pace, there is little hope to expect relief at the retail levels. The core inflation, a measurement of non-food-non-oil inflation, is also showing up-tick. The July-May data indicates core inflation at 7.5 percent. This, in turn, would also mean that the central bank may allow further increase in the interest rates, which are generally kept at a level, which is better than the core inflation. In Pakistan, however, the real interest rates are in negative for depositors of the formal financial institutions.

The government has also announced to deregulate the wheat/atta trade. A major increase in food-based inflation is the result of frequent increases in the wheat support price. Some official reports indicate that the support price mechanism has contributed on inflation. The provision of wheat flour through the utility stores has also been approved at Rs 11.50 per kilogram to provide some relief to the poor.

The Economic Survey released by the Ministry of Finance also admits adverse and disproportionate impact of inflation on the poor and vulnerable segments of the society as well as its deleterious effect on purchasing power of the low income groups. Recently, an international rating firm had warned that the expansionary approach announced in the budget could fuel inflationary expectations further.

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Previous Islamabad News Next


The News International, Pakistan

Re: # 56

``but to have some political gains to win hearts of Afghans, which it mercilessly crushed at the time of Russian invasion``

india crushing afghan hearts during soviet invasion? I wonder how much leverage india had.
Its true the financial aid to afghan (or other small countries) are for generating goodwill or sustaining indian cultural/traditional activities.
Moreover, india did help afghans after the soveits left. During the civil war the Northern Alliance had got a lot of help from India (even though they controlled only 10% of afghanistan). Infact, Sher-e-Panjshir breathed his last in an indian army run hospital. NA`s leadership had taken shelter in india during the Taliban days. Even karzai got his degree from india. Hence once taliban was ousted indias position in afghanistan became stronger then it ever was since the 80`s.

#57 ,

Dear Idiot.....Fact is India does not seek foreign aid. Aids given to NGOs and private organisations does not count as aid given to a nation. I never denied 250 million Indians out of a population of 1.1 billion live below poverty line. But the figure was 420 million only 15 years back. So obviously there has been a substantial reduction in poverty and this is linked to the opening up of the economy in 1991.

I stressed on the fact about India not seeking foreign aid because foreign aid does not work and is subject to the law of diminishing returns. So India objects to aid and seeks business , investment , trade and jobs.

Re: # 54
Dear uncivilized fellow, make sense American NGOs are not asking for donations in Australia or India, they are keeping their home affairs well within their own home, unlike India which needs to ... well forget it, its something which you would not understand ...

Even your PM cannot claim that you are claiming...see your total debt the assistance given to Afghanistan is not because India has become affluent (refresh your current statistics, India`s 250 million population still lives below poverty line), but to have some political gains to win hearts of Afghans, which it mercilessly crushed at the time of Russian invasion

Hallo... still confused as to why with 60% of Iranians voting, a hardliner still won! Just when I thought Iran was opening her doors and becoming flexible, Iran took a step backward through the current election. Not sure why better candidates did not make the appearance. Yes, the Iranians voted for themselves and so we have to respect that, but one has to be cautious with the Pakistani, Afghani, and neighboring populations getting more religiously inclined.

-zensufi-

Sifzal....being the idiot again I see.....there are NGOs in US asking donations for the poor and underprivileged Americans . Are we now supposed to believe US is a poor country ? As I said , facts are that India is not an aid seeking country anymore.

I am perplexed by how EVERYTHING eventually culminates into a pak-india match of who`s better.

Thank you 31, 26 and 48 for your replies. I shall ignore 48, for the lack of civil language and can only tell him to either live in Australia or USA to see the TV realities, the add does not take a name of any Indian organization, they say poor children in India and other African countries...the advertising agency is ``Save the Child``!

Netizen, I appreciate your reply as it showed good selection of words and some sense, yes you are right, for if the next 45 years India continue to grow at the pace of 8%, it would be the second largest economy in the world. But you need to keep few realities in mind, no country in the world has thus far able to sustain for that long, and more you develop the less becomes your growth rate. Further, all economics rules start with cetris peribis...and believe me the real world does change. Nevertheless, as I said earlier, if India continued to get leaders such as the present ones, it does have a chance to succeed and be able to look after its population.

Regarding the exchange rate pressure from US on China, it means a little. Remember Economics tells you many things regarding the same issue, and ``learned`` economists make the best by fooling the most through showing only that side of the picture that the audience wants to see. If China today increases its currency value, the USA and other countries will have to pay China a lot more and those countries in debt to China will have to adopt policies that China would like them to adopt, believe me no developed country would like to fall in the trap it made for most of the developing countries.

Charlie

> While India has chosen the easy way of submission to west, as they have been doing since centuries

Do you think that this attitude is partly to blame for historically keeping subcontinental Muslims generally less educated (and to use a more loaded term, more backward) than their Hindu neighbors?

Iranian elections are hue

Charlie #12

`` Ahmedinijad, certainly not my favourite, was not favourite of Elite Mullahs in Iran. He didn`t win because he is a conservative, he won because he is a middleclass person who promised to help poor people. While he was the mayor of Tehran, he showed by his acts that he lives a simple life and he has roots in his people. As a result, it was the people who voted for him. It is what democracy is. ``

Would you have a prince who governs for the welfare for the majority ? Would you have a commoner who looks out for his enrichment ?

`` Despite US propoganda and an 8 year long war imposed by imperialist powers and two decades of strict bans, Iran has survived well. Theiir per capita income is more than any other country in the region. Their economy is stronger than anyone else. Their life style is better han other countries in the region and population living under poverty line is less than any other country in the region. Iranians live happily, they know how to live happily with what they have. It is a proven fact that Iranians hate west and they have reasons for it. ``

Iranians have a lower standard of living than Gulf Arab states and Turkey. The Iranian economy is heavily dependent on oil revenues. Despite their human resource potential they trail badly in other areas. Reapproachment with the Western Europe (if not USA) is crucial to the development of Iranian middle class.

Sifzal...You are obviously an ignorant fool unaware or unwilling to learn about current global realities. A resurgent confident economically powerful India is a no longer just a pipe dream.

India does not survive on foreign aid. The days of India begging for foreign aid are over. It is possible certain private organisations ask for aid , but thats nothing to do with the Indian government. India wants business , trade and investment. Not aid.
#India`s ppp gdp amounts to $3.65 trillion..which is the 3rd highest in the world.
#India`s forex reserves are worth $150 billion.
#Total US aid to India (to certain private projects) : $72 million.
Now you do the math.

Infact India is today an aid giver rather than an aid taker , having sent aid amounting to $100 million to Afghanistan , which is more than the total US aid ($72 million) to India.