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A Lion’s eye on the Bulls and Bears

“In India, companies may fall sick, but promoters rarely do!”

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Arnab Goswami

UPA…Coalition Government…Coalition Corruption….but what’s the alternative!?

INDIA is outraged at this continuing scale of Corruption

As India’s GDP grows past US $ 1.4 trillion,so does the Corruption scale in tandem….the CAG Report just tabled in Parliament notes that the Loss to the National Exchequer in the 2G Spectrum Sale was a whopping Rs 176645 lakh crores if one considers the 3G realisations this year….that’s close to US $ 40 Billion !….that’s nearly 3% of our GDP !….would have taken care of half our Fiscal Deficit !

UPA Government lead by Congress with it’s Political allies for now…notably and yet DMK from Tamil Nadu,whose A Raja was the Telecom Minster who is alleged to have caused this Loss….they defend that this a presumptive loss…in that no real money has been lost !…but this money could,should and would have actually come to the Government and Public Domain from the Private Corporate Sector….the Telecom Minister deliberately contravened,tweaked,violated policy and procedures and even ignored  PMO’s advice and sold the 2G spectrum asset dirt cheap to favoured corporate groups….Swan (fronting Anil Ambani Group),Videcon,Unitech are some of the names …..surely some in the government were favoured in return…this is not presumptive ! …many of these groups were ineligible….many have yet to start their service even after nearly three years….and many quickly went on to sell equity stakes at five and ten times valuations based on the relatively meagre quantum of  2G Licensing fees paid…this too is not presumptive!    

Opposition party BJP wants a Joint Parliamentary Committtee (JPC) Probe…..JPC has never really been a successful tool….more of a whitewash…..more to protect from more skeletons coming out from the cupboard of all political parties…..MP’s across Political Parties cannot agree on the Floor of the Houses !…what will they concur with in a JPC !…you will get many dissent notes

Congress wants the due process to be followed of the CAG Report moving to the Public Accounts Committee (PAC)….but the PAC has no judicial authority…it merely reviews the CAG Report to check for appropriateness and completeness of conclusions backed by adequate supportings…it can merely delete or alter the wordings in the CAG report

INDIA wants the perpetrators to be pinpointed and punished fast….and be jailed

Our Supreme Court has even just questioned our Prime Minister,Manmohan Singh to explain his inaction in this 2G Scam and as to why A Raja was retained as Telecom Minister and not asked to step down much earlier….One of the Panelists on the TV spoke this of our PM ” He only listens to Uncle Sam and Sonia Ma’am !” read more

Mumbai Terrorist Seige : How even the Mainstream Indian TV Media Lost it’s Marbles !

Oh Yes !,Thanks to the 24/7 Live and Deferred and Repeated Coverage by over 40 News Channels TV , we were transported to hostage situations at the Taj,the Oberoi and Trident and to the Chabad House in Colaba to live the Horrors of the Terrorist Seige last Week in Mumbai in our Living Rooms !

But the Channel Anchors repeatedly boasted,yet are, of them being the first to Break News and that their Journalists,at great risk to their Lives were covering the Seige from close range and several angles

But my wife and I were dumbfounded and livid and even scared,when even Mainstream News Channels Like NDTV,Times Now and IBN 7 threw caution and commonsense to the Winds in some of their Coverage 

Celebrity TV Anchors like Barkha Dutt,Managing Editor of ‘NDTV’ and Arnab Goswami of ‘Times Now’ came across as dangerously careless when they conveyed the positions of many ‘Hostages of Circumstances ‘  while the Seige was going on….They are open to being sued for malpractice (careless behaviour by a professional) and manslaughter (killing someone without meaning to do so)   

Have a Look at these Instances :


He managed to get through to the Mobile of Mr Krishnadas,MP, at the Taj while the seige was on….This was a snatch of the madness that was relayed live on Times Now

Arnab Goswami :” Where are you right Now ! ? “

Mr Krishnadas : “I’m on the First Floor alongwith 200 people ! “

This was a Mad,Situation Insensitive,Dangerous Question and the MP should have replied ” In Hell !” and slammed the phone 

In another Instance,a Times Now Journalist is relaying back to Arnab that there are people holed up in the Regal Room at the Taj…Arnab had realised his earlier foolishness and quickly interrupts…but the damage was done


Barkha Dutt let’s through a relay where a Husband is disclosing the last hiding position of his Wife…She even counters a General’s wise and deliberate contention that there were probably no more people held as hostage in the Oberoi and Trident by calling up the Oberoi Head who holds out the possibility of atleast a 100 people yet hostage to the situation

Barkha Dutt has been conferred the Padma Shri by our Government…Wonder what will they now confer on her !…She has been widely criticised for her coverage of the Kargil War,where she has been accused by no less than the Indian Navy Chief,Admiral Sureesh Mehta, for the death of three soldiers in the Kargil conflict…her coverage compromised operational details and locations of our soldiers read more

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