Goldman has that reputation as being a busybody. An international busybody. Goldman, as a financial firm, has more members and former members (if there is such a thing) involved in government around the world. Goldman definitely likes hands on control of their investments.
I congratulate Commission Chairman Montek Singh Ahluwalia. He is correct and obviously does not relish the hint of corruption portrayed in Goldman's assessment. Goldman is an imposing presence globally. In this instance, they don't understand the Indian culture and it's sense of status. The people require a trust relationship with their government and with a population of more than one billion people that is important.
India's growth is not new. What is new is the recognition of the financial sector since they have become scared skinny of the variability they are seeing in the Chinese economy. Why do I feel like I have written this before? Deja vu.
But, the remarks by the Deputy Chairman is more than appropriate. India's government is interested in improving the conditions of their people, not just adding income to investment firms and banks that are not interested in the people so much as their own pants pocket lining.
I mean let's face it, if India didn't learn from the American experience with these jerks after 2008 then one would consider them fools. Why is it these financial banks think they are actually reputable when they are nothing but parasites to the people of any nation?
Deputy Chairman Montek Singh Ahluwalia
NEW DELHI: Planning Commission deputy chairman (click here) Montek Singh Ahluwalia on Saturday said US investment bank Goldman Sachs should not be commenting on political matters.
"I don't agree with Goldman Sachs. Lots of people have said they should not be pronouncing on these things," Ahluwalia said on the sidelines of a function organised by the Institute for Defence Studies and Analyses here.
Goldman Sachs had in a recent report upgraded the Indian markets on the likelihood of Narendra Modi coming to power.
"The truth of the matter is we are perfectly aware what needs to be done, at least as far as the Planning Commission is concerned. We have laid out a very bold agenda, which has been approved by the Cabinet, NDC (National Development Council) and so on," he said.
"In the last six months before a general election, that's not when all these things are implemented. So, I have no idea what Goldman Sachs means," he added.
Goldman Sachs, in a report titled "Modi-fying Our View: Raise India to Marketweight," upgraded its outlook for domestic equities and revised its end-2014 target for the Nifty index to 6,900 points, implying a 9 per cent rise from current levels.
The report attributed the optimism to the opposition BJP-led alliance gaining ground in opinion polls in the past few months, suggesting a higher probability of a BJP-led alliance forming the next government.
The 18-page report described the BJP's prime ministerial candidate as more business-friendly.
Commerce and industry minister Anand Sharma had said the report was "most inappropriate and objectionable." Goldman Sachs stood by the report, saying it was based on investor sentiment and does not reflect political bias....
I congratulate Commission Chairman Montek Singh Ahluwalia. He is correct and obviously does not relish the hint of corruption portrayed in Goldman's assessment. Goldman is an imposing presence globally. In this instance, they don't understand the Indian culture and it's sense of status. The people require a trust relationship with their government and with a population of more than one billion people that is important.
India's growth is not new. What is new is the recognition of the financial sector since they have become scared skinny of the variability they are seeing in the Chinese economy. Why do I feel like I have written this before? Deja vu.
But, the remarks by the Deputy Chairman is more than appropriate. India's government is interested in improving the conditions of their people, not just adding income to investment firms and banks that are not interested in the people so much as their own pants pocket lining.
I mean let's face it, if India didn't learn from the American experience with these jerks after 2008 then one would consider them fools. Why is it these financial banks think they are actually reputable when they are nothing but parasites to the people of any nation?
Deputy Chairman Montek Singh AhluwaliaNEW DELHI: Planning Commission deputy chairman (click here) Montek Singh Ahluwalia on Saturday said US investment bank Goldman Sachs should not be commenting on political matters.
"I don't agree with Goldman Sachs. Lots of people have said they should not be pronouncing on these things," Ahluwalia said on the sidelines of a function organised by the Institute for Defence Studies and Analyses here.
Goldman Sachs had in a recent report upgraded the Indian markets on the likelihood of Narendra Modi coming to power.
"The truth of the matter is we are perfectly aware what needs to be done, at least as far as the Planning Commission is concerned. We have laid out a very bold agenda, which has been approved by the Cabinet, NDC (National Development Council) and so on," he said.
"In the last six months before a general election, that's not when all these things are implemented. So, I have no idea what Goldman Sachs means," he added.
Goldman Sachs, in a report titled "Modi-fying Our View: Raise India to Marketweight," upgraded its outlook for domestic equities and revised its end-2014 target for the Nifty index to 6,900 points, implying a 9 per cent rise from current levels.
The report attributed the optimism to the opposition BJP-led alliance gaining ground in opinion polls in the past few months, suggesting a higher probability of a BJP-led alliance forming the next government.
The 18-page report described the BJP's prime ministerial candidate as more business-friendly.
Commerce and industry minister Anand Sharma had said the report was "most inappropriate and objectionable." Goldman Sachs stood by the report, saying it was based on investor sentiment and does not reflect political bias....
