Today, as we gaze wistfully at the miserable state of our portfolios, our thoughts drift back to that balmy day in February 2015 when Jim Rogers, the maverick legendary trader, had first rung the alarm bell that Namo is only talk and no action.
“Cleaning Toilets Is Wonderful But NAMO Has Done No Work For The Economy” the headlines screamed. What surprised us at that time is that Jim Rogers’ rabid utterances found support from eminent thinkers like Narayana Murthy, Deepak Parekh, Akash Prakash, Ajay Srivastava etc. “Nothing has changed in the Modi Raj … impatience is creeping in as to why no changes are happening” Deepak Parekh, the “guiding voice” of India Inc said, echoing the sentiments of the intelligentsia.
Akash Prakash boldly issued a chilling warning to NAMO that Investors are “deeply disappointed“. He warned that if NAMO did not “get his act together”, there would be a “mass exodus” of foreign investors from India.
“Have these imbeciles lost their marbles” we wondered aloud even as we united under the dynamic leadership of Nilesh Shah, Samir Arora and Porinju Veliyath to launch vicious counter-attacks on Jim Rogers and the other detractors of NAMO.
Since that fateful day, about a year ago, the Sensex has plunged 20%. Our individual portfolios have so lost so much value that it hurts to even think about it.
In retrospect, the criticism against NAMO by Jim Rogers and the others does not appear unjustified.
NAMO has a long list of failures such as OROP, GST, Black Money (Jhumla), Inflation, corruption, Swacch Bharat (cess), service-tax hike. His obsession with irrelevant issues like the Beef Ban etc coupled with a penchant for travelling abroad at the drop of a hat has not helped matters. To make matters worse, there is talk of more buffoonery from Finance Minister Arun Jaitley of quixotic steps like abolishing the capital gains tax exemption etc.
Not surprisingly, investors’ confidence is at an all-time low. Rank and file investors are now wondering whether NAMO will ever be able to deliver all that he promised during the elections or it is all just talk (Jhumla).
This is the opportune time for Sonia Gandhi and Rahul Gandhi, NAMO’s arch enemies, to launch a blistering, no-holds-barred attack against NAMO and his policies.
In a missive issued by the Congress party, Sonia Gandhi and Rahul Gandhi have alleged that “PM Modi has systematically undermined all the good work done by the previous UPA government led by Dr Manmohan Singh. From destroying the various welfare schemes that empowered the poor, to profiteering from the historic low prices of crude, PM Modi Government is an example of how not to manage a nation’s economy“. It is also pointed out that while the Sensex surged from 17,026 (on 03.08.2012) to 23,905 (on 15.05.2014) during the Congress regime, the Sensex has slumped from 24,716 (on 26.05.2014) to 22,951 (on 11.02.2016) during NAMO’s regime.
Former Prime Minister Manmohan Singh, who is famed for his ability to keep silent, has also found his voice. In an interview to India Today, MMS took a swipe at NAMO by declaring that there is a “crises of confidence” and that “people don’t believe the government“. He also lamented that the investment rate is as low as 32 percent and that “the government is not able to get its act together to persuade the business community to take advantage of these fortuitous circumstances to step up the rate of investment at home“. He also pointed out that the scepter of “tax terrorism” for which Pranab Mukherjee and Chidu were notorious is still active under Arun Jaitley’s watch.
In an amusing twist of irony, Manmohan Singh accused NAMO of “never speaking” and being “quiet” on issues such as the beef ban, Muzaffarnagar etc.
The embarrassing situation is that some commentators are now suggesting that even MMS (with all his defects) made a “better Prime Minister” that NAMO.
Whether this allegation is true or not is not known. What is known is that hapless novice investors like you and me are sitting with our battered portfolios and wondering when, if at all, the “Acche Din” promised by NAMO will come!
In 2008 Who’s govt in central? In 2008 major prob was global and in 2016 also same story.. And remember 5years not completed yet. Comparison given above is first 21 months of modi and “last” 21 months of manmohan.
So if India just dances to the tune of the world economics, what did Namo bring to the table?
Dance to the tune of the world? Really?
Q: When has India not “danced” to the world’s tune?
A: Not in in the last 2 decades. Remember the last 3-4 stock market crashes?
Fact is, India is a part of highly linked world economy and that’s how things will pan out. This govt. might have missed a trick or three. But there is some intent and action when there was none before.
It takes some time! “Sabra Ka Phal Meeta Hota Hai”
I believe FED is responsible for this whole financial mess, and also currency war among global countries
What a comparison? This govt inherited an economy which was in shambles. This govt should have brought out a white paper on economy that time itself. All NPA assets which the PSU banks are crying is because of UPA rule. Dont forget what NDA gave UPA when it left office in 2004 and check what UPA gave NDA in 2014? Very stupid article from you.
Good Joke dear, you seems real Andh bhakt. We would like to hear something about the current market condition from Modi as he used to speak lots on these thing during last government. Why not now? Can you show me any tweet aur comment by Modi on this market situation.
Dear Ajith Bhai,
you would love to see a tweet with out action or actions without a tweet .
I wish government act fast without tweeting , let them keep working so that we can criticize .
Thanks,
We wish to see some action, which is not visible since Modiji took over the reins. Pls do not tell Swatch Bharat n makein India.
When france will make Rafel Jet in India , will it not create employment ? You was happy when all the money was minted by these multinationals .
Now atleast we will have some employment created .
This is just one example . Will this make in India not create more employment ?
This employment is called as “Make in India” .
Thanks,
well said, it is Pro Congress article, once again want to push back dark days, Modi work results will come, must have patience that’s it.
Blame the firangis if anything goes wrong. If things are good, it’s the Modi Sarkar.
Main issue with this government is their dedication towards useless things like, promotion of Sanskrit and hindi, protecting cows, hindutva, for some extent clean India campaing as well. A campaign like clean India should require more of an awareness about cleanliness, proper infrastructure ( just the dustbins and disposing of waste) and a strict policy for charging fine for littering.
Main thing this government is doing wrong is breaking the unity of Indians by imposing hindi and supporting a particular religion.
Looks like you watch a lot of news channels. Most of them are controlled and have an agenda to show and repeat things which are untrue and package it to make NaMo and co. look bad. This is no conspiracy theory, it is so carefully done that most people end up believing all that they see. “A lie told many times becomes the truth” kind of scenario.
No Govt. is perfect. While they might not have done all things right, they haven’t atleast concentrated on filling their coffers. 6 decades of mess cannot be cleaned up in 6 or even 60 months.
sorry. the man who walks on water has the entire media and the TV behind him. independant thought is banned. it was the slanted media that bought him and his friends to power.
Exactly: “bought” him and his friends to power
Dear Sujith,
fine for littering will not solve the problem . We Indians are inherently dirt when it come to public life .
We will take bath twice, clean house daily but ensure throw garbage on the road .
Please check how toilets built in Soniaji’s constituency are destroyed because peoples(?) love it in open . At least one PM thought that we should have a clean country but we Indians ensured he fails .
I think we should start a clean India campaign from school so that atleast our next generation will be good .
Thanks,
Good Idea. We are all psycho sabotage of inherited Bad Habit.
What is our democratic value ? More active to criticism and very reluctance to correct action and ethical practices ?
I agree. While I definitely think MMS was the worst PM we had if we forget the coalition ones. Modi has not done anything fantastic other than bombastic speeches.Defence is the only category we can see visible action. GST fiasco is as much his inevitability to push a bill in a house where he has majority as is the Cong disruption.
And why does he have to show his face on TV for all govt ads, isn’t it the same thing other state CMs are being blamed of.
Swach bharat tax is unpardonable when after years of taxation our roads and environment still suck.While our honourable MPs continue to get premium salaries and highly subsidied canteens the middle class continues to get penalized.The MP funds should suffice to keep any area Swacch.
We don’t need a high flying style icon mouthing advises all the time in prolific Hindi(completely ignoring the non-Hindi states).We need to see some ownership and ground level changes.Everytime you come back from abroad its shameful to see how poorly maintained our airports are starting from restrooms and this is just the entry point for “make in india”.
And no I do not want to see corrupt MMS and Gandhi clan back but Modi cannot take his voters for granted either.
I agree with this. We had a lame finance minister and worst PM and Home ministers India. We agree with “Feku-Giri” & “Jhumla-Nomics”. But this breaks bhakt’s heart instead of there huge losses and rise in inflation.
First time in the history of this blog, they have published a sensible article.
I believe Fekugiri won’t last long now.. Shamelessly saying that it was a Jumla was a backstab.
Guruji,
I wish we would have been vocal (vachaal) with corruptions that can be recorded in Guinness book of world records . I wish we would have been questioned when economy was getting ruined by inactive government .
Thanks,
NAMO got to show some magic now. Have no idea ho RAGA can be better though!
Anyways wherever market goes doesnt matter to us much 🙂 we are with solid secular growth stocks
For the benefit of other novices like me, would you please list the solid secular growth stocks for us? TiA.
Yes what is your secular growth stock list or we shall have to wait indefinitely like Modi Ache Din.
This is how things look to a novice bit to be frank
1. The best MMS Period was first 4 yrs when max scams occurred and max growth happened thanks to fiscal responsibility and power reform by bjp and to the global liquidity fuelled and china fuelled commodity and market superboom as the world peaked by 2008.
2. They have destroyed the economy, indebted India vide massive debt and made tremendous loss for the PSUs and set things up so that the next govt should carry the bag and sort out their mess!
3. Modis man is a lawyer and he is also part of the mess …
OROP mainly for officers is a disastrous Idea fiscally and so is pay commission
Worse there is back to back drought and commodity bust and recession in the air
4. But if history is my guide Modi has shown ability to fight odds as he has successfully bounced back from all the allegations and negative efforts of congress and power brokers who were hellbent to discredit him
5. In comparison to scam gress most middle class would still prefer modi
only time will tell
Ha Ha Ha !!So, you guys think Rahul, Mulayam or Lalu will be better PM? Dream on, guys !! There were big scams like Telecom spectrum scam and Coal scam in Sonia raj. This Government has sorted out those things in most transparent manner without any loss to nation. Indians should be proud of this fact. But, what I see here, this government is blamed for everything from market crash to bad food in local restaurant!! By the way, how many of you, so called Governance vigilantes, have protested against misrule of Lalu & Mulayam? Or may be, Bihar and UP are ideal model of governance? Trust me, if you deserve Lalu or Mulayam, you will get them. Have fun, guys, your dream Lalu raj is coming.
We have seen lots of NaMo tweets during congress period on Sensex or Market. It was seems like Modi knows something about Sensex/economics. But strange now, I bet if any bhakt show me NaMo’s any tweets on todays economic condition. Modi should come as a leader convey some message to bring some confidence in the market.
The result of Bihar is a alarm for BJP and if they don’t take it serious I bet BJP they continue to loose other states now.
Modi can gives only slogan can’t act on the slogans.
Regards
Dear ajit,
I don’t remember any tweet of namo while senses surged to 30000 then why should he tweet now?
First of all my fellow Indians. We are all angry at the current situation, but let’s not make any absurd comments we will regret. Rahul Ghandi and Sonia cannot ever lead our country. India is not a joker studio or muffin store. So Let’s not be stupid and let’s divert our anger where is is rightly justified.
Just because there is no alternative to Modi, I request that he does not take the anger of Indians lightly. We voters him to power with a majority and not to listen to this crap that the government is doing. In my opinion Jaitley is utter rubbish as FM. He has done nothing to reassure the public and investors and his tactics destroyed GST in Dec. just becuase people loved Modi doesn’t mean we will forgive inaction and gross misgovernace. If Modi gives us the same results Manmohan Singh would have given then there can be no greater insult to the office of the PM.
This is not a game. Either Modi performs or we riot and vote him out. Enough of this pathetic indecisiveness we are witnessing. A lion of Gujarat we voted but we got a mouse of India. I am a supporter of anyone who loves India and will fight for its prosperity including Indians of all caste, religion and location.
If you guys so much impatient, I hate to say it but you people are not made for stock market. Please look for some others avenues for money.
Modi use to say he is lucky but for his friends only World is passing through tough time but WE ARE UNLUCKY TO HAvE FANKU NRI PM and LEGAL FM BUSY WITHOUT BUSINESS .I could gauge future performance of Modi on first day when he gifted important HRD ministry to his friend undergraduate TV actress for the reason known to him only.Better BJP change PM and looking to his only widely travelled experince retain him as Aviation and Tourism Minister .He is failed experince for Indian public.He is the person who is anti middle class from core of his heart and will do every thing to destroy them to make them the last voting class. He did not allowed benefit of crude oil fall to Indian public,which could have increased consumption with more money in Indian consumer pocket.Now he want to destroy small investers by thinking introducing LTCG.A complete book will be unsufficint to write about failures,but luckily Ye Jo Public hai,Sab Janti hai.
Dear Kharbji,
we were happy with a order taking PM, which caused policy paralysis and huge corruption , but we are not happy with a man who can take decisions .
We are not happy because falling crude gains are used for nation development, defense sector, OROP and so many other things but not for corruption .
We are not happy with relationship building with the worlds . We are not happy with strong Indian image in world community .
We are not happy because a frequent flyer PM brings investment to India .
We are not happy because a frequent flyer PM building relations with countries who are threatened by china .
We are not happy because our government developing infrastructure at fastest pace ever .
We are not happy because utmost attention given to north east state on infra development .
We are not happy with make in India because it will save huge import costs in long run .
We are not happy because now multinational are ready for aprtial make in India which will create employment, a long term benefit .
We are not happy with a solar energy push, LED bulb push which saves money and environment also .
We are not happy because we just want cheaper fuel and not real economic growth .
Thanks,
Say “I am happy”in your proverbs. You do not have right to comment on behalf of the public. Do not take the public as granted!!!
The people of India started rolling their brain though the Govt. not yet started!!!!
Govt. running on AIR yes in AIR only
Hi,
this was one of the most irrelevant comparison I have ever seen .
First of all when Modi came to power congress ensured economy is totally destroyed . Does MMS have any authority of talk about India ? when he was just a sarkari babu instead as PM . When every decision was not taken by him, he choose to be silent even knowing of so many scams been happening with his due permission .
Economy does not reboot overnight , its a cycle .
Please look at the bright side , how higways been constructed at historic speed.
Do we think these constructed/under construciton roads will not help economoy ?
India is trying to more made in India products in defence sector .
Isn’t it a long term saving for india ?
Regarding GST :
Congress stalled parliament on corruption cases like deccan herald.
They are proposing changes in GST that may stress our federal structure itself, there might be dispute with revenue sharing.
Can Modi agree to these terms ? No way, not at the cost of the country.
Congress wanted to implement GST only after 2017, so that inceade inflation will take toll and Modi will be out of power (Please read ET artcile)
Such a dirty politics at the expense of country’s development .
But I wish modi government used saam/daam/dand/bhed to get it passed, here BJP scores low, I absolutely agree.
Government is pushing for solar power a welcome step, will help long term savings .
Government is pocketing good gains of of low crude and spending on infra development , a really sensible thing .
Aren’t we bit selfish to blame government for not giving us cheaper fuel . Atleast we should be happy this money is used for nation building.
Regarding black money, please understand ground reality and how government is tightening the noose, how builders are on the verge of getting bank-corrupt.
We were happy with 2G,3G,coal scam,commonwealth scam and so many scams, but not happy with a clean government ?
India saved billion $ of one time crude charge from saudi with good relation .
This is silver result of relationship building and we blame modi for frequent flying .
I can see lot of good things happening in railway,power,defence,infrastructure and its going to take time to show results .
Stock market movement based on sentiments which oscillates on extreme positive and negative directions .
When modi came to power we had euphoric rally .
What did we expected ? Modi had a magic wand and he will reboot economy overnight ?
Now we are at extreme negative sentiments .
Let it be a most severe criticism toward modi and BJP if their intentions are good and they act fast, it will be the best thing to happen to economy .
I am not a blind follower of modi, but I can observe lot of good long term steps are taken by government which will yield results for sure .
Only thing government need to learn is how get things done in politics by playing real politics.
I like this criticism, now government is pushed to the wall, there is huge pressure on modi to perform at any cost .
But then lets be fair, atleast do not quote RaGa,SaGa, MMS the sarkari babu, Lallu,Mullu and so many Hippocratic politicians who failed this country , who are the root cause of this economic situation .
Note : I am not a economist, but I know common sense work everywhere , even in economics .
Thanks & Regards,
AshishK I think I need to interject. All your points are extremely valid, but are limited to those who can understand, rationalize and comprehend. The issue is 80% of the voters do not have this capability, and need to be SHOWN the results like a child is shown a picture book. It is with this obstacle that I behest Modi not sit like a mouse and give the lions authority every Indian has legally and willingly imparted on him. There is no excuse now. Now is not the time to ask Indians to believe, because most of them do not know how.
How do I know this? If Indians had any self worth and self respect, we would never have allowed a congress rule.
Make in India program is to be taken with a pinch of salt. it has to materialise with tangible benefits and employment creation. These babus will prepare any number of documents to show that all benefits have accrued due to make In India. This is not new, right from Nehru days ( To make Defence items indigeneously post Chinse Aggression). It is only a political slogan to catch votes. Being a senior citizen, I have heard enough of this in the Past. If it is going really change things on the Ground, hats off to Modiji. Good Luck.
This is a crap article. First of all sensex is the barometer to gauge the ecoconomic state of a nation. Secondly, this is a global phenomenon. Even if this govt. had passed GST and brought black money abroad things would have been the same. Third what did Manmohan and his govt. did in 2008? In a similar situation. Manmohan should have opened his mouth during 2004-2014 not now.
Sorry it should be not the barometer
I am sure admin doesn’t have any knowledge about what is happening currently in global financial markets. Seems to be a follower of Raga and saga.
Wake up kid.. get updated yourself first
lol I am surprised they posted your comment without deleting it, many of my comments never made it through
you are a typical Modi bhakt evidently from your comment
truth hurts, aye?
Half truth always hurts . . If this article would have highlighted so many efforts taken by the government . Wish this article would have been fare without quoting reference of the disgusting politicians who ruled India with garibi hatao for decades and sent them to MNREGA for living .
Regarding admin, we should congratulate them, they even posted comments criticizing themselves .
Thanks,
Ye I’ve seen a change lately after I posted it on one of my comments asking em to post it if they’re not afraid of it. And I followed it up with a thank you.
Never seen you on forum though. Check em, they’re fun too.
KEEP THIS BLOG AWAY FROM POLITICS. WORST POST OF THIS BLOG.
THUMBS DOWN….
I DONT REMEMBER ANY POST OF Namo WHILE SENSEX SURGED TO 30000, THEN WHY SHOULD HE TWEET NOW?
Indian market always follows global markets. We are a too small a economy compared to USA and China. People should stop shouting Indian growth story blah blah.. If there is recession in the US then entire world will follow, simple. Let us not be over patriotic and keep praising our country. With respect to prime minister not much difference between manmohan and namo, one doesn’t talk and the other talks too much.
If there is anything good these guys can do within their capacity is to pass the benefit of crude prices to commkn man.
Rambo,
I did that. But the detractors questioned my nationality. Being realistic is not accepted.
That’s the problem , everyone thinks that praising their nation alsone makes them patriotic. Anyone who talks logic is looked as a traitor
While we are spending time here discussing about mad economic condition and blaming one or the other, the true big investors are happy galloping truckloads of some beaten down stocks! Two years later, we would just have a chance to read it as an article and lament over why we didn’t buy at these cheap levels.
Preaching? Buying truck loads needs truck loads of money, I assume. Why haven’t you bought it to make it to the story 2 years later. It’s easy to preach than have the courage to do that. Ever bought a stock while it traded at lower circuit?
If you had read the tone of my post, you wouldn’t have asked this question. Yes, I have bought stocks to max of my capacity.
Just read it out loud. Feel better?
1. Globally, all markets have fallen.
2. PM Modi Ji had mentioned that he will need 2.5 years only to fill the pit created by previous govt. that time has not passed now.
3. He is doing it for our country. He has no one whom he would leave his money to. He has hardly any money with him. He is working non stop, no holiday (how many of you can do that?). His stamina of working ~18 hours is more than any one of us can achieved.
4. India is a huuuuuge country. Please give him time. (I had to clean up office environment with only 35 people. It took 1 year and massive amount of energy & humbly, I did it in record time. He will need more time.). You must be read reports that Sarkari Machinery has started working more than ever.
5.Many bills are not passed in parliament because of whom?? Who is not allowing to pass it?
6. Hinduism is under attack for many years. Lets not even talk about it here.
Start Independent thinking. Don’t go by what is fed to you by mass media.
Regards,
Kaushal
Kaushal would you tell this exact thing to a child who is 4 years old. Or would you talk differently to them. 80% of Indians have the capacity of a 4 year child. A word such as Ghandi would elicit more of a response then what you said. If Modi showed them garbage cleaned around their house, then they would say hey I like Modi. If Modi passed on crude price drops to the consumer, then they would say hey this guy good. If modi passed GST….
And if anyone is insulted that I am comparing 80% of Indians to brains of a 4 year old. Then good you should be. Becuase now nation would vote for 60 years a brainless foreign parasite like congress party and dare to question the intentions of Modi after just 2 years. I dare you to counter this statement.
Oh yes!!! NaMo is responsible for the oil glut and the strengthening of yen against the dollar….. what an immature article blaming the government of the day for the meltdown in global markets…. our markets cannot be isolated from the outside world… whatever goes up has to come down…. simple laws of nature…. many people are venting their anger because of the erosion of their portfolio….
how come modi responsible to loss to investors???? did modi withdrew mony and crashed it????
r u mentally retards?? idiots…
first things first rise and fall is nature of the market so if u cant handle it…chicken hearteds pls stay out of it..we leave FD and other conventional investment instruments for u…period…
modi is doing whtever he can do..congress and other bluddy parties blocking the parliament and taking the national interests for a ride..
moreover china,global downturn oil and our own domestic factors pulling mkt down…modi has nothing to do with…
NB : no supporter of any poltico parties…yes do support whoever works or do things for INDIA…
Start up India, Make in India, Clean India, Friendly India with neighbors, Mudra, Ensuring subsidies goes to right people – I can see some basic stuff being placed in place.
I am surprised how can anyone ignore the above developments.
Factors out of his control – Weather (leading to less agri production last year), global environment (leading to low growth) are out of anyone’s control.
He is playing the game in the most gentleman way. I cannot imagine a better PM in my lifetime. (Now instead of answering logically to my post, you may call me andh-bhakt)
This Govt led by NaMo has actually failed on every front. Be in GST, fiscal prudence (imagine oil was not at where it is today), tax terrorism, retrospective tax, etc.
It unnecessarily created Black Money issue, OROP, Swacch Bharat cess and Service tax hike which could have been avoided.
Inflation is low largely because of fall in crude prices due to which a whole host of products and services become cheaper.
Hollow promises have ruined the economy. Things are not moving on the ground. 2 years is not a small period – it is roughly 50% of your tenure.
People’s impatience is expected. Complete arrogance on every issue is no solution to the existence of problem.
In democracy, opposition and people will take advantage of your failures – you have also taken advantage when you were in opposition.
Now there is another Budget terror in the form of reduction of small savings rate and re-definition of long term capital gains tax.
When this Govt will learn how not to unnerve people’s faith and confidence in you. Already people are facing consequences of slow down in economy and now you want to bring another fatal blow to them.
If these measures are announced in the Budget, the market will tank by 10% on a single day.
so kamal u want to say that commis and laloo mulayam mayas and rahul baba are not to blame ? they have stalled the parliament … and they are in majority in rajya sabha and wont let anything pass
second what about world factors ,,,us started qe in 2008 and stopped in 2014/15 and has started increasing the interest rates while govt here is cutting rates,. naturally with a stalled rajya sabha and better opportunities in us the money that came will return back ,,,
Thirdly do u know that congress left bjp to pay one whole year ka oil subsidy bill and bjp had to allocate a huge chunk in first budget for oil deficit payback
Do u know how congress ran the economy?
Aamdani chavani kharcha do rupiya was the motto and to finance the corruption and loot and subsidy it took on debt … our gdp growth under pronob and chidu was 6 and 7 and sometimes 9 % but it was financed by 15% real inflation
why does a vadapav of Rs 4 during vajpayee regime now costs Rs 10/12
Because the govt increased money in circulation by 4 times and made psu banks give loan of thousands of crores between 2004 and 08 and that is now NPA
and taxpayer has to pay the bill ,,, and it is not a small amt Rs 1.14 lakh crore of bad debts is written off ant that some say is 1/4 of total NPA that are bad or tottering
YES bjp has done mistakes like PAY COMMISSION and OROP even for top officers who now earn in lakhs in pensions but would the congress not do the same ?
The congress made a mess of the economy and rahul said humne diya etc
This is worst kind of tactics ,,, it is giving a person half a fish rather than teaching him to fish
I hope this blog sticks to stock market and do not write such stupid articles on government performance.
WEll the Congress has forgotten that all the Bank NPA’s are a legacy of their times.NAMO inherited it and is trying to straighten it.Give him time
It seems the person who ever has written this article is congree party spokes person.NPA s. Are the issues for PSU Banks.Metal sector is down.Moreover this government submitted only one full year budget so far. Not like UPA which ruled this country continuously for 10 years.Let us wait and watch ,too early to predict any.
The true intellect level of RJ comes through this article. I guess it is a reaction to his personal wealth erosion like so many others in this chain..
Linking Modi govt to this market rout is the most inane and ridiculous aspect.
God help this country which has to (and it will ) persevere despite such dolts..
Excellent article as always ,which is totaly neutral .First reaction to failure is always denial.Are results of assembly polls in Delhi,Bihar ,and bio Election in MP for Lok Sabha seat and Panchayat Election in Gujrat dont say same what Jim Roger said.Modi is all talk with no work.These are same voters who lined up (including me)for Modi in last Loksabha polls but has started kicking out Modi party beyond recognisation now in every poll .Just mentioning any failure of previous govt would not do the trick.Modi should also know what happened to last government.He should know how severly public punish for deceiving ,after strong mandate.So it is either perfrom or perish with no daily excuses and blame on other for non performance.
But why did you vote for what was obviously just a political sales pitch? Doesn’t it mean you bought it then and are now dismissing it because the stock prices have fallen?
Could mean only one of two things – the people were wrong when they voted or they’re wrong now.
With the decades of experience and wisdom, novices like me look up to you.
Sorry Kharbji,
you are mixing your disliking with stock market .
Congress lost many state elections when in power and no one questioned, including you . No one questioned when banks NPA is created by congis throughout years . Today when SBI reported 60% less net and cracked market you are blaming Modi .
How modi is responsible for this NPA when he is trying to clean the system .
Thanks,
Modi and goveremnt is not blaming anyone but you are blaming for every issue to the government who dare to work and take decisions .
Thanks,
I’m afraid they’re always blaming it on history of 60 years rule.
The MoS Finance, Jayant Sinha has on record blamed the NPAs as “toxic assets of UPA”.
Great neutral form.I congratulate Arjun for this .I don’t know any other place where you can post 360 degree views including criticising Admin. Realy Great Arjun and all staff of this form.SALUTE to all of You for your contributions .All articles are always full of rich contents and this form is hall mark of neutrilty.
Kharbji,
this is only view I agree with you . Admin did posted all views unbiased .
Thanks
Well admin this is seriously a bad article.
Stock Market is a part of the economy not entire economy, while some stupids are shouting their lungs out on how FIIs will quit India, but at the same time no one wants to see how FUNDING is coming into unlisted Start-Ups like anything.
You want to blame modi for stock market but not credit him for investments in start-ups?
lol how’s the blog going?
Just because others ain’t a bhakt like you, they’re stupid and you’re correct?
Millennials advising about how stock market is a part of economy is interesting. Also, how do the people participate in the funding that’s chasing startups? And what’s with crediting Modi for startups getting funds? Are people looking at Modi and issuing cheques or is it the people at the firm and the business that they’re investing in?
we expected a good value investment article at this stage from you. but by putting a politically article you have disappointed. criticizing does not solve any problem. further we should see process, actions taken by top executive of country/ organisation/ company to judge the performance in investor blogs. nobody should be judged on results alone as results may be due to factors outside the control of top executive. present government can not do anything about hugh NPA of banks (which is due to may be previous government or poor lending in last five six years). it is good that they are trying to clean the system. even may things like passing of GST bill, land bill etc are not fully in their control. let us support government to provide good governance and recover the economy and stop this blame game. we can always vote them out after five year. but at least allow them to deliver in remaining more than three years.
I agree,
this was the time to encourage investors when so many bargains are available.
Till now we have hundreds of articles for stocks by Porinju, dolly,RJ,basant and so many when they were available at highs, when same stcoks are available at real bargain we are busy in blaming modi.
Still lets not discourage, we are a vibrant democracy and should be tolerant to all the views .
Thanks,
I don’t think the present Govt. is not working or performing rather the result is not visible.Any new Govt. will take two three years to implement their policies.It seems this Govt is trying to do major structural changes and definitely a big country like us have to wait for the results.
I agree with rambo’s views great analsys i would give him full 10 stars, us is responsible for this global melt down i beleive.
Guys, let us not expect our PM to take care of our portfolio. Apart from overcommitting on some of the aspects, current government has done very well. Return on our portfolio is bound to be back in a year’s time. Do not forget to praise the government when you get good returns.
Our country runs on God’s grace. Not because of government UPA/NDA/Third front.
Thats the best comment 🙂 So right!
Indian stock market is dancing on the fingers of FII. Some little children are wishing that the magician Modi uncle done some magic tricks on indian economic stage and show some ticks. But they pity, innocent little children may know that black magic already had been done by khangress’s helpful miracle hand. So baby economy turning in adultery stage is not in hand of modi uncle. And he wish also he cant.
I think someone who has written this article must have lost alot in this market or is a congress supporter or maybe both. Never thought that I will be writing this but I will have to stop reading this blog if they will keep posting such political articles
Congrats Arjun, Keep it up and always bring the dark side of this Govt rather than being a bhakt of modi like many commentators here.They have rented their brain to Modi and these modi bhakts does not realise the fact until and unless they loose everything.
Everybody in this country who use their brain could understand by this time the ban on nestle products was for the so called swami businessman to promote and penetrate his noodles in the market.
I wonder what this is fuss is all about.
1. Modi ji said that manifesto is for 5 years. Less than 2 years have passed. Another 3 to go. Give him that time.
2. Amit bhai has clarified that putting 15 lakhs in everybody’s account was Chunavi “Jhumla”, or poll stunt. I do not think anybody believed it. Actually the government is already putting money is everybody’s account through DBT. Nobody can complain.
3. The killer statement came from Narendra Singh Tomar who has said that these words were “put into the mouth of the party”.
I think all doubts have been answered. Anybody having any more doubts are free to raise them.
YOUR STATEMENT HAS NO LEGS AND ARMS, WHY CANT YOU UNDERSTAND MARKET IS DOWN GLOBALLY, IN THIS YOU CANNOT ALONE CLAIM ‘MERA BHARAT MAHAN’
HOWEVER WHAT YOU HAVE CONTRIBUTED IN COUNTRY’S ECONOMY
ARE YOU PAYING ADVANCE TAX ?
Is this comment for me ?
@ Vishal Is your comment made at me ?
Arjun is also trying to make his blog more popular by putting poltu stuff on rather business related blog.see the no of comment on this. We indian love politics accept or not everyone is bhakt of somebody or the other. Nevertheless business channel has started this treand of converting their prome time to political rather faltu discussion. Examples are cnbc awaj and zee business.Arjun is following them.
Totally agree.This was a totally out of the place & irrelevant post.Also,not something that readers or investors would’ve wanted at that time.Rather than soothing the nerves or asking folks to build positions in good stocks,here is a post that rants & pretty much defames the PM!
i have been told by motilal oswal marketing officer that there PMS has given 35 persent return and did very good mareketing and presentation and gave example to impress me. and they took 25 lacs on 24th aug 2016 and every month they are sending statement with reduce in capital amount .now my wife capital amount become 19.50 lac so we lost almost 5.5 lacs in a peroid of less than six month .while taking amount cheque theys aid it will become 35 lac and may be more than forty lacs but this is the fact . we lost our hard earn saved money for fifteen years .
and funny thing is that they are cutting there service charges on the amount rupees five thousand every month ,it mean it is there business ,even if you die they keep juicing the blood from your body.while taking 25 lac cheque they speak polite and now all are put there hands up so i reuqest you to think before invest in PMS espicially in MOtilal oswal securites
Ashok Ji,
There are two things that you must remember. One that there are no guaranteed returns in stock market. And secondly, there is risk of loss of capital. Any investor must keep this in mind. For the benefit of retail investors I have started a thread in stock forum where I am sharing my ideas of value stocks. Since the market has fallen you can consider investing in these stocks. But these are not recommendations. Also I will start a new series on how to become successful retail investor. I hope that helps.