Tuesday, March 13, 2007

Longer Tail of Billionaires and Scams Vs Tail of Hanuman

Tags: Forbes list Billionaires Bofors Hasan Ali 2007 India Media IIM Laxmi Mittal Ambani Premji Kishan Pal Birla Paloonji Mistry Godrej Nadar Jindal Rahul Bajaj Poonawalla Grandhi Maran Uday BKalyani Kotak;

Here is Forbes listed Billionaires Know how. Fodder scam, CBI on Mulayam does not matter. Bofors, Oil for Food, Latest Hasan Ali or other scam does not count. Give one fourth of that to the poor people.

As Forbes list the combined wealth of Indian billionaires, including Azim Premji, K.P. Singh, Sunil Mittal, Shashi and Ravi Ruia, Pallonji Mistry and Adi Godrej, swelled to $191 billion. This amount is equal to one-fourth of India's gross national product.

It is really interesting news. Chinese economy is growing at a faster pace than Indian economy but India is going to have more billionaires than China by 2007 and rest of the world except America. Instead of focusing on the abounding poverty, the country appears entranced by newspaper headlines that speak of record stock market highs, record mobile phone sales, record car production figures and more billionaires in the India.

For Indians there are greater opportunities to become rich and to be hero (not villain!) in the scams. There are dazzling new heights to scale, such as sending an Indian into space. But the people are pushed under the ground by the underground culprits including politicians. Supreme court has rightly asked why they does not be hang on the pole. Blind Dhritrashtra instead of counting huts wants to make Mumbai a Shanghai.

What is worrying is the defensive response to the blindingly obvious. When the
UN pointed out earlier this month that two-thirds of India has no access to sanitation and more than 1,000 people a day die of diarrhea in the country, putting India a dismal 126th in the world's 177 nations in terms of human development, the minister of water resources questioned why India should be compared with any other nation.

In any case, by this time the media and the mindless middle class, obsessed with the rich and the famous, had found another cause to be hysterical about. Two graduates of two IIMs, offered jobs by multinationals overseas, were promised salaries that were astronomical by Indian standards but absolutely normal for rich countries of the West.

Why evil process of covering up scams tale is going on? Example of Quattrocchi is before us. Tail of raised price burns stomachs of people and middle class people. Grain Exporter India does imports.


Scam tail Vs Hanuman tail
The list of Indian billionaires keeps getting longer and longer. The tail of scams is also becoming longer and longer. Ram Bhakt hanuman increased the length of his tail when it was being burnt in the court of Ravan. Burning tail burnt the lanka. Here Ram drohi are burning the huts and livelihood of the poor people.

Quattrocchi received Bofors kickbacks through Myles Stott of AE Services based in London. “The statement of Myles T. Stott that the amount Bofors had paid to AE Services was related to the agreement of sale of guns to India; and the trail of subsequent transfers of the money to companies owned by Quattrocchi—from AE Services to Colbar Investments to Wetelsen Overseas,” at page 7 of its judgment, the Swiss Court then noted. Day-by-day length of this tale is going long and long. Why evil process of covering up this tale is going on? Scott had links with AWB Ltd. He was holding an important post in the company. No Food to hungers
Present Indian Government is importing wheat through this company. Why? Volcker had named this company in Oil for Food Scam. AWB Ltd was the biggest exporter of humanitarian goods to Iraq. Grain exporter country does imports the grains, now want to import cereals.

As we know due to the hunger suicide and death are occurred as news comes from the Kalahandi of Orissa. Using Indian government data, the report argues that increased inequality isn't just because the rich getting richer; India's poor are getting poorer. There are 20 million more people in absolute poverty than before 1991. Government data also shows that, at a time when there are more Indian billionaires chronic hunger is raising, reversing trends from the 1970s and 1980s.

Farmer Suicide
As reported today on Saharasamay, One farmer of Sasaram of Bihar killed himself after throwing his three children in the water tank due to the unbearable poverty. Most farmers kill themselves by drinking pesticides. Sasarm is the constituency represented by late Jagjivan Ram whose daughter Meera Kumar is in the Union Minister. This constituency is now being represented by another Minister and masiah of poor dalits Ram Vilas Paswan.

There are literally thousands like him in the countryside, where in states like Orissa, Jharkhand, Chhattisgarh and Bihar the “average” income is considerably below the national rural poverty line of $650 a year.
At the same time, in all this prosperity, Indian farmers are committing suicides. India cannot create enough jobs for all who enter the job market every year. Most damning of all, India has the highest number of poor people for any country. People living below the poverty line are in number 300-350 million. They need schools, clinics, credit, roads, jobs and unemployment benefits.

The number of billionaires in India more than doubled from last year to 27 in the 2005 Forbes' annual list of the richest Indians.

In this year also Indian billionaires group is led by the steel tycoon Lakshmi Mittal, whose $33.7 billion fortune makes him the fifth richest man in the world. He is followed by Mukesh Ambani on 14th and Anil Ambani on 18th rank at $20.1 bil and$18.2 bil respectively. These three are the among 20 richest person of the world. 21st rang is gone to aged 61 Azim Premji with wealth $17.1 bil giant in Software.

The other Indian billionaires to make the list included following:
62. Aged 75, giant in real estate, Kishal Pal Singh with $10.0 bil
69. Aged 49, giant in telecom, Sunil Mittal & family with $9.5 bil
86. Aged 39, giant in commodities, Kumar Birla with with $8.0 bil
86 Giant in diversified Shahi and Ravi with $8.0 bil
114.Aged 67, giant in reat estate, Ramesh Chandra with $6.4 bil
137, Aged 77, giant in construction, Paloonji Mistry with $5.6 bil
210. Aged 64, giant in diversified, Adi Godrej & Family with $4.1 bil
214 Aged 61, giant in Infotech, Shiv Nadar with $4.0 bil
214. Aged 57, Giant in Steel, Savitri Jindal & family $2.4 bil (Congress MP Navin Jindal)
230 Aged 53, giant in Mining and metal, Anil Agarwal with $3.8 bil
287. Aged 65, giant in Biotech, Cyrus Poonawalla with $3.0 bil
349 Aged 57, giant in infrastructure Grandhi Rao with $2.6 bil
348. Aged 41, giant in media, Kalanithi Maran (DMK MP) India with $2.6 bil
407. Aged 56, giant in media, Subhash Chandra with $2.3 bil
432. Aged 48, giant in Banking, Uday Kotak with$2.2 bil
458. Age 58, giant in Engineering ,Baba Kalyani with $2.1 bil
488. Giant in pharmaceuticals, Malvinder & Shivinder Singh with $2.0 bil
557. Age 60, Giant in software, NR Narayana Murthy $1.8 bil
618. Aged 55, Giant in Electronics, Venugopal Dhoot with $1.6 bil
618. Aged 35, giant in Online gambling, Anurag Dikshit with $1.6 bil
664. Aged 31. Giant in liquor, Vijay Mallya with $1.5 bil
664. Aged 76, Giant in diversified, Jaiprakash Gaur with $1.5 bil
717. Aged 36, Giant in Real Estate, Vikas Oberoi with $1.4 bil
754. Aged 57, giant in aviation, Naresh Goel with : $1.3 bil
754. Aged 51, Giant in Software, Nandan Nilekani with $1.3 bil
799 Aged 51, Giant in Software, Senapathy Gopalakrishnan with $1.2 bil840 Aged 68, Giant in Auto, Rahul Bajaj with $1.1 bil
840 Aged 83, Giant in diversified, Keshub Mahindra with $1.1 bil840 Aged 41, Giant in Real Estate, Pradeep Jain with $1.1 bil
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By Premendra Agrawal
www.newsanalysisindia.com/

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