'Only Shourie has the guts to proceed with divestment'
We asked our readers if they agreed with analysts view that a BJP win in Gujarat elections would lead to a surge in the stock markets.
While some readers felt that a BJP victory would ensure a stable government in the Centre and boost economic reforms, others felt that it could also hamper the divestment programme.
Here we reproduce some of the responses the query generated:
Fri Dec 13 17:54:33 2002
Name:PPrasad
Email:pprasad@drreddys.com
Your Views::Yes, it will boost the sensex as one way it is the endorsement of liberlisation and privatisation that is happening today and boost the morale of the team peforming at the helm.
Fri Dec 13 17:55:21 2002
Name:LALIT GUPTA
Email:lalit_gupta@indiatimes.com
Your Views::Yes the govt shall be more confident and would want to revive the capital market with the reforms.
Fri Dec 13 17:55:35 2002
Name:mightykandy@yahoo.com
Email:mightykandy@yahoo.com
Your Views::This type of market spur is not needed to india.A govt coming to power by killing inocents and by which its sprucing the stock markets,its a shame to india.
Fri Dec 13 17:57:12 2002
Name:ayan
Email:ayan@rocketmail.com
Your Views::Undoubtedly. A confident ruling party would boost up the economic reforms programme.
Fri Dec 13 17:57:21 2002
Name:E.C.James
Email:matchwellproducts@rediffmail.com
Your Views::There is no point of agreeing the same. Party was in power since last four and half year and centre is also ruling by them. They could not even rule the state for 5 years and what we expect in the next year terms except more hardship to the people.
Fri Dec 13 17:58:01 2002
Name:Kumar
Email:vprem@rediffmail.com
Your Views::Yes. BJP is the best bet today.
Fri Dec 13 17:58:02 2002
Name:ameet zaveri
Email:ameetzaceri@rediffmail.com
Your Views::Markets will definetly rise if BJP wins Guj elections as the NDA govt at centre is bound to remain stable and one can hope for a politically motivated budget this year. Also a sweep in guj will indicate a sweep in M.P and rajasthan.
Fri Dec 13 17:58:09 2002
Name:Sriram
Email:srchivukula@rediffmail.com
Your Views::The win of BJP in gujrat will def. increase the confidence of the investers as gujrat being an industrial state and the disinvested process will done very fast after that and govt. that will be good for that market.
Fri Dec 13 18:00:03 2002
Name:Vinay Krishna
Email:vinay.krishna@v2infotech.com
Your Views::Yes, it will. BJP has better business understanding.
Fri Dec 13 18:01:52 2002
Name:sandeep suchak
Email:sandy_sss3@rediffmail.com
Your Views::yes , BJP will in Gujarat. And it will have impact on markets. As at present, there is lack of leadership in Congress and especially in Gujarat.
Fri Dec 13 18:03:35 2002
Name:jose
Email:jose2214@rediffmail.com
Your Views::No Not at all.
Fri Dec 13 18:05:16 2002
Name:Ganesh N Shenoy
Email:ganesh_ns@email.com
Your Views::Yes, the BJP win will result in an economic upswing. The BJP has helped the state of Gujrat progress from a very low position to a high position. The riots in Gujrat were unfortunate and it is not the Modi Government that sponsored the riots.
The rioters were contained in time. Just because of one incident, one person cannot be given a final judgement. Modi has done his best. The business is bound to come up in Gujrat once the BJP wins.
Fri Dec 13 18:06:44 2002
Name:TG Sudhakaran
Email:t_sudhakaran@hotmail.com
Your Views::They (BJP)should get out of from every where because they themself don't know what they are doing. Everyday evening Vajpayee will say something and Advani says somthing.
Fri Dec 13 18:08:03 2002
Name:harish
Email:bpharish@hotmail.co,
Your Views::BJP win will ensure the disinvestment in the right direction. Congress is totally confused about where disinvestment should go from here and BJP win will ensure NDA can continue where it has left. Needless to say, stock markets will have upward rise once BJP forms the governement in Centre. It would also give a good indication to the political trend in the country. We see a rather divided and directionless opposition parties currently harping around various issues without any concrete idealogy and visition to our Economic growth. Fresh momentum will be given to Arun Shourie and Co to
carry out the disinvestment and encourage FDI into the country's economy.
Fri Dec 13 18:09:10 2002
Name:BHARATHWAJ IYER
Email:iyerboy@eth.net
Your Views::I don't think the markets will respond positively to a BJP win beacuse it will spear insecurities about yet another communal riot, with the ethnic cleansing agenda the BJP has on it's cards. Investors will shy away from the possibility of an emergency like situation if the BJP is voted back to power
Fri Dec 13 18:09:23 2002
Name:RAJESH N.VORA
Email:rajrsh_vora888@rediffmail.com
Your Views::yes definately b.j.p.willbe better then congress
Fri Dec 13 18:09:53 2002
Name:Shaji
Email:shaji_cochin@rediffmail.com
Your Views::IF BJP WINS, IT IS A TURNING POINT IN INDIAN POLITICS. IT PROVES THAT THE PEOPLE ARE AWARE THAT CONGRESS PARTY BELONGS TO NEHRU FAMILY AND NOT TO THE COUNTRY. THE STOCK MARKET GOES UP. THE COUNTRY WILL GET A NEW IMAGE. DURING THE CONGRESS RULE, IT WAS A BOOSTER FOR THE RELIGIOUS PARTIES IN ALL THE STATES. THE SO-CALLED CONGRESS PARTY HAS RUINED THE FUTURE OF INDIA.
Fri Dec 13 18:10:18 2002
Name:Jasper
Email:jaspersingh@dontry.com
Your Views::Hi.. Indian economy is in good shape. We are still getting good business contract from developed contries. As far as concern of stock market, I personally feel, it is still not mature enough to know what is good and bad. So in the basis of
stock market analysis if country economy is not a good idea. Regards, Jasper
Fri Dec 13 18:12:24 2002
Name:Venkatesh
Email:venindira@rediffmail.com
Your Views::If Modi wins,the vote is more for org.s like vhp, bajrang dal etc, instead for bjp. And it will only lend strength to the anti-disinvestment campaign, which the above outfits advocate. Neither RSS nor vhp or bajrang dal supports the disinvestment process being carried out by the centre, and they are only putting more spokes on the process. So, Vajpayee can declare that people have given a mandate for bjp and its economic policies but any fresh impetus to the disinvestment process cannot be expected. If at all RSS and other outfits stay away from openly criticizing and stopping the disinvestment process,
that in itself will improve the chances for realization of disinvestment targets and provide a lease of life to the markets. But its not a easier thing to happen. A victory in Gujarat will be good for Modi but not entirely for BJP.
Fri Dec 13 18:13:30 2002
Name:Vinod Nadoda
Email:vnadoda@rediffmail.com
Your Views::yes
Fri Dec 13 18:14:24 2002
Name:r.k.agarwal
Email:rkagarwal54@rediffmail.com
Your Views::The economy can lift provided there is a will allalong. But, in India the palnning fail and so we may not be able to achieve this target, the main reqsond can to attribute4d to : 1. Polititians are not serious. they see thewir interest only. 2.
Industrialist belioeve in not paying and doing business only unaccounted. This is the fact which does not have any written proofe but everybody knows. 3. The Officers-revanue as well as administrative, are just doing the same what others are doing instead
of taking decisioons required as per their duty. 3. No body is interested to swork. General feeling that they get salary for going to office. 4. General belioef that "bribery" is a point of respect. Even to a peon, his relatives will ask "what is uppar se" and
about his salary. However, the thins can be set right, if strong poleticasl will is there and rules/laws are ammended for payment for work even in government departments. The IT tax should be amended and replaced with expenditure tax without delay.
One can hide income but not the expenditure. I think, there is mush to say, but requires peacefull writing. However, even if something is written, who bothers?
Fri Dec 13 18:15:18 2002
Name:Anil Kumar Gourishetty
Email:anilgouri@rediffmail.com
Your Views::Yes,BJP win in Gujarat surely will impart momentum to India's stalled divestment programme and lift markets as they are ruling in central also.
Fri Dec 13 18:16:12 2002
Name:Senthil kumar N
Email:chemnsk@hotmail.com
Your Views::Gujarat is a part of our india but it is not the whole india.Gujarat assembly elections are a do or die battle only for political parties.But indian markets have no touch with it.
Fri Dec 13 18:16:52 2002
Name:Kutbi
Email:kutbi1678@indiatimes.com
Your Views::Whats to seen is not who is winning and who is lossing the Election? But what can be done after winning and lossing the Election? Kutbi
Fri Dec 13 18:17:15 2002
Name:BIHARI LAL
Email:blal4@rediff.com
Your Views::SIR, I donot agree with that statement because,in Gujrat there havebeen BJP in power since years back.every one knows about what bjp govt has done during their ure.nothing much morein economic frontso i donot thinkif BJP govt wiibe return again in powerstock price will goup
Fri Dec 13 18:17:25 2002
Name:nagesh
Email:nageshhsn@yahoo.com
Your Views::BJP will win the Gujrat election, due to good administration & support of Hindus vote bank.
Fri Dec 13 18:17:33 2002
Name:Suneeta Kaul
Email:suneetakaul@rediffmail.com
Your Views::A BJP victory will be the end of progress in not only Gujarat but also India. A party which is headed by somebody to whom progress, development, etc do not mean anything (since he concentrates only on superficiaal, escapist issues) can never,never, NEVER EVER, lead a state to progress. Progress comes through peace and a feeling of goodwill towards all in society. It is hampered by restlessness, alienation and sullenness and anger in a large section of the society. If even two more Akshardham incidents happen here (which they will), one can imagine the devastation it will cause. Whither
progress? Whither stock markets?? Whither business???
Fri Dec 13 18:17:56 2002
Name:Anish Dave
Email:daveanish@rediffmail.com
Your Views::Yes i do agree that BJP's victory in Gujrat election will boost up Central Govt. moral and Govt will get confidance into it's disinvestment plan. This will really impact our Economy. On the other hand if BJP looses the Poll it's going to be a big
triuble for India and it will be worse than Godhra and aftermath incidents.
Fri Dec 13 18:21:00 2002
Name:Narendra Nayak
Email:smilieking@rediffmail.com
Your Views::The BJP only can bail out Gujrat and bring prosperity there. In Narendra Modi we have a leader who is really a leader. The Congress will prolong the depression.
Fri Dec 13 18:21:45 2002
Name:Vishal Shukla
Email:shuklavishal007@rediffmail.com
Your Views::It has to be an Undoubtful, Unanemious Victory for BJP and Shri Narendra Modi. It is not only the Hindu Card which has made the Party and Shri Modi lovable amongst the state, but it is also issues like water to remote places in
saurashtra, electricity in all small villages, roads, education and other developmental works which BJP government has been able to achive in 5 years tenure, which the Congress did not even think of doing in their tenure of 45 years. Also, the other
important issue is Security of the Hindus. Though it is not a big thing, but when parties like congress & SP are using the minorities for gaining their political motives and wrongfully strengthening them, BJP has proved that they are concerned not only
for the Majorities but the minorities, the relief camps all around the state during the times of riots is the best example for the same. Thus, it is very clear and welcomable that BJP and Narendra are again going to handle the Ship called Gujarat
Fri Dec 13 18:22:45 2002
Name:Sudarshan
Email:sukumar98@rediffmail.com
Your Views::The victory of BJP i gujraat will ensure a stable Govt in Gujraat as well as in the centre. This will also ensure the confidence of the investors is high and their investments are safe. Whereas the Congress victory could be viewed as a setback
to the economic reforms on the basis of the J&K govt performance, where they released a lot of militants and the situation is becoming worse day by day. The same is the case in Karnataka and other states, where menace of Veerappan is still a threat.
But it will be better if modi moves to centre after winning the elections because whole country needs a leader like Modi ji (Chhote Sardar). who can take tough decisions if required during the crucial times.
Fri Dec 13 18:22:51 2002
Name:DEENABANDHU NEPAK
Email:PP_NEPAK@HOTMAIL.COM
Your Views::BJP WIN IN GUJARAT MLA SEETS
Fri Dec 13 18:23:17 2002
Name:V.Meenakshi Sundaram
Email:domexsundaram@rediffmail.com
Your Views::Yes I agree. Only Arun Shourie has the guts to proceed with the DIVESTMENT PROGRAMME.
Fri Dec 13 18:23:39 2002
Name:s.nadh
Email:snadh@mailcity.com
Your Views::Yes. It looks the Central govt. is worried that they may become unpopular if they go fast on reforms. A win in
Gujarat will give a shot in their arm and they might go forward with their plans.
Fri Dec 13 18:24:16 2002
Name:Hari Krishna Varma
Email:g_hkvarma@yahoo.com
Your Views::I think it will be definately good for markets.but there r still things to do for BJP 1.population is the most important factor.i dont know why single party is addressing this great problem. i think modi can implement this in gujarat becomming more
favourite to gujarati hindus and people all the country and become role model to other states 2.privatisation sholud be done fast and carefully. 3.Our ministers should solve the interior problems first and then ask the international community. for example we
argue that WTO rules r for rich countries not for developing nations.will the same minister gives equal importance to rich and poor in india. 4.inside BJP there r lot of differences(especially divestmennt process).there will be different views between
mistries but they should not come out directly to press they need some kind of secrecy. BJP ministers r good they need unity, and need to do much and speak less. i dont have any words to tell about congress they always want to support muslims for vote bank.they did all bullshit things from starting giveing subsidies for votes. i am not against subsidies but we should not give subsidies for life long.
Fri Dec 13 18:24:47 2002
Name:sanjay dodia
Email:sanju228@rediffmail.com
Your Views:: BJP will 112 seat in Gujarat Assemble and also Hon'blex Ex.Chief minister is Chief Minister in future. Sanjay Dodia Gogha Limda Chowk Dist:Bhavnagar
Fri Dec 13 18:25:28 2002
Name:vikram
Email:markiv_us@yahoo.com
Your Views::yes, I think the economic process will pick up speed
Fri Dec 13 18:25:54 2002
Name:sunil Kumar
Email:sunil2302@hotmail.com
Your Views::If BJP win this election the future will be uncertain as there will be more riots in india. I think if BJP come in the power the conditon of india will be like Indonesia.
Fri Dec 13 18:26:11 2002
Name:Rajiv Maheshwari
Email:bill_2oct@rediffmail.com
Your Views::Yes market will improve when BJP govt will come in power in gujarat.
Fri Dec 13 18:26:49 2002
Name:S.Venkatraman
Email:ram_pec@rediffmail.com
Your Views::A landslide for BJP will strengthen the clout of hindutva forces in the Sangh Parivar. As these forces are against the reforms/disinvestment, a win for BJP in gujarat will put a spanner on the disinvestment programme.
Fri Dec 13 18:27:18 2002
Name:gaurav
Email:gaurav_ags@yahoo.co.uk
Your Views::If the leaders of a state are more interested in communally diviving the people, rather than in economic development, there can be no development possible. A defeat of BJP can possibly bring peace to Gujarat. Otherwise BJP may
use this polarisation formula in other states for electoral gains.
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