The Supreme Court verdict over turning spectrum allocation is trully historic. It sets a precedent of the government clawing back ill gotten gains..something which US govt has not been able to do post the real estate bubble.
While some people will cry foul about bank loans turning NPAs, foreign investors running away etc. I personally think it's the best long term outcome.
If one commits a crime he should not be allowed to go scot-free just because he has married and has had a child before the verdict.
Joined: 31/Jul/2009
Location: India
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Posts: 1202
Posted: 02/Feb/2012 at 11:40pm
Originally posted by subu76
The Supreme Court verdict over turning spectrum allocation is trully historic. It sets a precedent of the government clawing back ill gotten gains..something which US govt has not been able to do post the real estate bubble.
While some people will cry foul about bank loans turning NPAs, foreign investors running away etc. I personally think it's the best long term outcome.
If one commits a crime he should not be allowed to go scot-free just because he has married and has had a child before the verdict.
Shankar Sharma has been cribbing on timesnow today. It seems he can just think of next 5 days at one time.
Wall Street makes money by it's activity, while you can make money by your in-activity - Warren Buffett
Incorrect tax levy on Vodaphone will be reversed by the govt.
But incorrect (No Illegal) spectrum allocation will not be acted upon.
The other day the most reputed banker in India came on Tv and started making a case for the construction in Lavasa which violates all sort of enviromental considerations and you can be sure how things were set up.
The unique aspect about recent scams in India was that they happened under the glare of cameras and live commentary.
Newspapers were awash with Protestations while the Emmar scam in Hyderabad or the telecom scam in Delhi was happening. (Even before they actually took palce)
But yet we have politicians and bureucrats claiming any conviction will hamper their ability to take "fearless" decisions.
The cynic in me thinks all of these happenings are just hogwash. It is premature to celebrate. Let there be even a single conviction and then we will celebrate the so called law and order of the land (which had collapsed for all practical purposes).
Joined: 08/Mar/2011
Location: India
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Posts: 112
Posted: 19/Jul/2012 at 10:10am
looks like a person(neither from Congress not from BHP) aspired to be PM and mostintellgent politician in India has started playing his game aiming for 2014 election to become PM
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