Amit Times

Food inflation at 10-yr high of 19.95%

Food inflation touched more than a decade‘s high of 19.95% as of December five, driven by costlier vegetables, pulses, milk, wheat and rice, even as economists said they expected Reserve Bank to hike rates to tame price rise.

Amit's Opinion:
Well on one hand we have mediators making lot of margin and on the other hand there are poor farmers who are not able to make any money. India traditionally has seen these middle man making a lot of margins and little has been done to curb or organize them. Somehow we need a strategy to eliminate them. But do remember food marts are not the way to do it.

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NTPC not to suffer Rs 30,000 cr loss: Govt

State-run NTPC will not suffer Rs 30,000 crore loss if it was to get natural gas at prices higher than those committed by Reliance Industries five years ago, Power Ministry has told Parliament.

Amit's Opinion:
Is it? Great!! We believe you as we have believed the front page newspapers. We are stupid educated public of India. You tell us nuclear deal is good - we believe it. You tell us we have done enough to curb terrorism in India - we believe it. Somehow even the educated mass of India is also playing in the hands of the media. Do a general poll on the issue and you would know half of the people would think that NTPC would suffer losses though really they would not have a clue about the issue. We are just literates not educated.

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Rahul Bajaj ‘hurt‘ by son‘s scooter call

Showing the rift in the Hamara Bajaj-famed Bajaj Auto, group chairman Rahul Bajaj differed with son and MD Rajiv Bajaj‘s decision to exit production of scooters saying he was not only not convinced but was "hurt" by it.

Amit's Opinion:
This is interesting!! Two generations with different ethos. One saying that emotional decisions do not matter in business. One has built up the empire with it. Do not know. Somehow feel as if the father Bajaj is correct.

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Jackson‘s hat, moon-walking shoes fetch Rs 15.37 lakh

The ‘moon-walking‘ shoes and trademark hat that Michael Jackson wore at the famous 2001 Madison Square concert fetched 22,800 pounds (Rs 15.37 lakh) at an auction here.

Amit's Opinion:
Well any amount these days seems less for Michael Jackson. Wish he was alive to see his fan following. When he was alive he only saw hatred.

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