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A snub for General Electric and Westinghouse’s $100 billion nuke reactor revenue – communists in India threaten to topple Government in India
Tarun Lahiri
Dec. 9, 2007

The communists in India do not want Government to continue talks with IAEA any further beyond December 2007. All eyes are on the $100 billion dollars that American companies like General Electric and Westinghouse may receive after the India-US nuke deal.

The biggest question is out of the $100 billion that will be transferred to these American companies in exchange of some reactors who gets how much cut. India will not use these Uranium based reactors for long. The $100 billion is sort of a protection fee to enter the nuclear club officially. But in India everything works with the notion of kickbacks. The congress party will receive its kickback like in Bofors deal. But there is not much allocated for the communists.

The CPI(M) (Marxists) set a fresh deadline for the Manmohan Singh Government on the Indo-US nuclear deal and the CPI (Communist Party of India) on Sunday said the findings of the UPA-Left committee on the matter will prevail.

The indications are clear. The kickbacks are not well distributed. Sonia Gandhi needs to manage the kickback sharing mechanism somewhat better.


BIZ/FINANCE ARTICLES

A snub for General Electric and Westinghouse’s $100 billion nuke reactor revenue – communists in India threaten to topple Government in India
Tarun Lahiri
The kickbacks are not well distributed. Sonia Gandhi needs to manage the kickback sharing mechanism somewhat better.
READ MORE>>

Russia wants more money for its military hardware but India says ‘Niet’
Kiran Chaube
India’s frustration in price escalation may be having the root somewhere else. Given the warming relation between India, United States, and Russia may not be feeling obliged to subsidize the military hardware prices for India.
READ MORE>>

A 30% drop in manufacturing GDP – India Inc. in trouble?
Rohit Purakayastha
India’s fiscal mismanagement is noteworthy. The real effect of commodity inflation is still hidden and manipulated by the Indian Government. When the reality hits ground and native Indians start paying $90-100 barrel oil, inflation will skyrocket.
READ MORE>>

Sensex headed for 2500 - not 25000 as the world economies face depression for the first time
Nita Singh
It was the greed of these American and European financial institutions that have caused the mortgage fiasco. It is the same greed of the same people that will cause the great depression of the world.
READ MORE>>

ICICI bank employing armed thugs to recover loans – they are harassing men and women without any regard to human rights – India’s Reserve Bank warns ICICI Bank
Tarin Lahiri
These armed thugs – the so called recovery agents are approaching men and women and threatening them with all sorts of things. The cell phone calls at weird times with filthy language and threatening tones are common.
READ MORE>>

India will soon come out with measures to improve the conditions of farmers : PM Manmohan Singh
Kiran Chaube
The overall economic growth has averaged 9% per annum in the last three years but the country has achieved an average agriculture growth rate of 4% in the same period.
READ MORE>>

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