Tata’s $2700 car low on safety worst on environment – India heads towards disaster
Sonia Joshi
Jan. 9, 2008

Every native Indian dreams of American dream. It is hope of living a better standard of living. But a better standard of living does not come with just having ‘substandard’ things that American way of life takes it for granted.

In reality, substasndard products and the associated pollution lowers the standard of life. Tak ethe example of Tata’s well advertised $2700 car. Soon other car manufacturers will lower their price to match Tata’s and they will also lower the quality to keep the profit margin intact.

Indian roads are already jammed. The infrastructure is missing where you can drive any car at ease. In major Indian cities it is a nightmare to drive in office hours.

Indian environmentalists have started to foresee the worsening of pollution levels in future. The damage to environment and public health comes from many directions. First, the emission standards are sub par. That is the root cause of major diseases in Indian cities. Second, the recycling standard in India is not well regulated by the Government. Third, the lower quality cars increase fatality of the passengers. Fourth, the lower quality material in cheap Indian cars are not recyclable.

The $2700 car from Tata is a dream for Indians. But it comes with false American dream that can push India towards environmental catastrophe.

Tata’s $2700 car low on safety worst on environment – India heads towards disaster
Sonia Joshi
Every native Indian dreams of American dream. It is hope of living a better standard of living. But a better standard of living does not come with just having ‘substandard’ things that American way of life takes it for granted.
READ MORE>>

Indian finance minister worried about economic growth and employment momentum asks public sector banks to cut rates aggressively
Babu Ghanta
The inflow of Foreign Direct Deposit is increasing the foreign exchange reserve of India steadily. As US and Europe enters the decade of stagflation and eventual deflation driven recession, the Indian economy and foreign currency reserves can fall apart.
READ MORE>>

Volatile Indian stock markets end up in gain after losing major steam
Kirt Meham
The Sensex opened with a huge positive gap of 92 points at 20,393. Heavy buying in select heavyweights like ICICI Bank saw the index hit an all-time high of 20,529 in noon deals - an intra-day swing of over 450 points.
READ MORE>>

Sensex crashes almost 800 points in panic selling – start of a multi-decade baer market?
Rita Nair
This was waiting to happen. Sensex has formed the multi-year top and is ready to plunge below 7,000. The long term bear market showed its teeth as Sensex plunged 769pts in panic selling.
READ MORE>>

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>>

MORE ARTICLES >>