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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (2690)	9/7/1998 2:38:00 PM
From: Mohan Marette	Respond to of 12475

Wild'bout India- Wildlife photos by Nirmal Gosh Tigress wild.allindia.com Buffaloes. wild.allindia.com Elephant wild.allindia.com Bluejays wild.allindia.com Peacock wild.allindia.com Water monitor wild.allindia.com Rhino wild.allindia.com Black-winged Kite wild.allindia.com Python wild.allindia.com Sambar Stag wild.allindia.com

To: Mohan Marette who wrote (2690)	9/8/1998 3:42:00 AM
From: Nandu	Read Replies (2) \| Respond to of 12475

Imbecile politicos from Kerala the 'Gimme-State'. Mohan, I think there is some justification to what the Kerala politicians are saying. Most of the RIB funds came from expatriate Keralites, yet most of it will be spend elsewhere. On the other hand, if the Kerala Govt had the power to issue bonds of the nature of RIBs, I assure you I would not have nibbled at 7.9% yield. Kerala govt. is not known for managing its finances that well. A related point, I have seen some messages in newsgroups and stuff crowing about how the 4.1b investment made by NRIs in India shows there confidence in the BJP govt. and its economic policies etc... I beg to differ. That would be true if NRIs suddenly started setting up lots of businesses in India or investing in Indian companies. The RIB itself just shows that the NRIs like ther terms and consider the risk of a default pretty low, irrespective of who is likely to be ruling India five years hence. The relevance to Kerala is that if the Kerala govt. put some concerted effort in making the industrial climate in Kerala attractive to investors, expatriate Keralites will invest in Kerala and Kerala wouldn't have to go to the centre, hat in hand, for a portion of the RIB take. P.S. Of course, the politicians' ultimate goal is to see how much of that money they can divert to there own pockets in the form of bribes etc...