I was recently reading an upbeat news article which will make us very proud. It was a dream coming true article which made feel proud and astonishing. The heading was "Mumbai to emerge as the global financial center". I was surprisingly shocked with a pessimist mood on how could this happen. Not that I don’t wish it to happen, but how could it happen and how will it be. Then scrolling down to the bottom of the article there were comments from fellow citizens. A copy/paste of that for you is below;
The article says "Mumbai is the best suited to emerge as a global financial center, especially because the domestic demand for sophisticated financial services is high," a finance ministry official, who asked not to be named told The Economic Times. After the formation of the new government, the ministry will take up 49 recommendations to restructure the current financial regulations. The popular proposals which are being speculated include encouraging innovation, introducing new products, removing segmentation of financial markets and strengthening corporate debt market.
Reader's comments (8)
The article says "Mumbai is the best suited to emerge as a global financial center, especially because the domestic demand for sophisticated financial services is high," a finance ministry official, who asked not to be named told The Economic Times. After the formation of the new government, the ministry will take up 49 recommendations to restructure the current financial regulations. The popular proposals which are being speculated include encouraging innovation, introducing new products, removing segmentation of financial markets and strengthening corporate debt market.
Reader's comments (8)
1: How long did it take to build the Bandra-Worli sea link? About 25 years in the making...! How long will it take to remove Dharavi ...about 100 years+. Look, nobody is going to accept Mumbai as a World Financial Center unless it learns to present itself clean with good roads, communication, drainage plus other necessities such as Hong Kong. Our politicians will never let it happen.
2: Caution! Idiots at work :).
3: hmmm.. sounds just like the $10 laptop to me!
4: Wishful thinking. We don't yet have the infrastructure to support the current IT business we have. Indian govt seems to have no clue as to the kind of infrastructure demands a global financial center requires. It's a different story that India will come out stronger after the recession. That always happens with many countries except that this time around it may take a while for the US to come around stronger.
5: one more scam in the making
6: but before it happens i think all we will die due to poverty. but still happy feel proud of Indian
7: so, the opinion that India will emerge stronger after recession is coming true. hope the ministry succeeds.
8: Guys, we all know that India can turn into what we want it to be overnight. There needs to be a revolution and maybe this is the opportunity. When the politicians realize that anything they do will be reflected in how India is perceived by the World, they might bring in a radical change to their thought process. Let's hope for the best. This could be the first step towards India becoming the Super Power in the years to come (not too far, well before we die, for sure).
Source: SiliconIndia dated 02nd April 2009
All the above comments represent an average citizen’s anguish and yearning to see a developed nation. It is not that we don’t have anything to make it. We have everything and it’s all getting eaten up by some crooks in between who are supposed to make it happen.
நல்லதோர் வீணை செய்து அதை நலம் பட புழுதியில் விடுவதுண்டோ!!
You dont make a beautiful musical instrument to trash!!
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