Government - Caution Goondas at work - grid failure

It was nothing but political "goondaism" that caused possibly the world largest power outage possibly earning India an infamous entry into the Guinness book of records.

Local politicians threaten the grid people to allow them to overdraw which causes the grid to trip. the last time this happened was in 2001 when it lasted between 11 to 48hrs. this time it was 9 hrs and 6 hrs. but it never need happen if:
1. power is fully priced
2. power thieves are jailed &/or their properties auctioned off
3. overdrawals are automatically cut off by a computer - thus eliminating any human involvement.

nothing more nothing less.

media reports "showed" off that it was to India that the US turned to when their grid collapsed in 2003 & 2008. one of the readers comments kinda nails it - " possibly because India is more experienced with power cuts?"

jokes apart the setting up of the Power Grid as a separate entity back in 1996 (in the teeth of union and political opposition - conceived and ordered by narsimha rao) was the cornerstone on which the discipline in the power management of the nation has been steadily being built up.

But it is miles to go in the filed of babudom not bowing to political pressure that is the call of the hour and maybe it is this moral corruption that the old man is actually fasting against in Jantar mantar. we hope that his health holds up in this latest struggle to awaken the spirit of the nation.

Government - Caution crooks at work - EU bank bailouts

http://in.reuters.com/article/2012/07/10/spain-banks-idINL6E8IA9UQ20120710

As per the draft Spanish Bank bailout proposal - the preference shareholders and subordinate capital debt hybrid investors are to take a 90% cut. WHAT I dont understand is that why have the equity shareholders been spared?

Ideally the entire equity shareholders should have been wiped off and then the preference shareholders should have been wiped off and all subordinate capital debt holders to be automatically converted to equity - alongwith the bailout funds - also as equity instead of debt.

Instead of this the crooks in the EU have allowed the equity shareholders to go scot free whereas the debt holders have been penalised before the equity share holders - makes you think which is the risk on and which is the risk off asset!!

Government - Caution idiot(s) at work - "retrospectively"

After the "retrospective" clarification by the government to collect some "free" money from vodafone comes this shocker from the delhi government.

kindly refer http://economictimes.indiatimes.com/markets/real-estate/news-/all-power-of-attorney-property-deals-banned-in-delhi-transactions-since-october-2011-declared-void/articleshow/12990636.cms?adcode=13

The joker wants to invalidate all registered transfers with retrospective effect from October 2011. Thus the sellers will now want more and this will create a whole lot of new litigation.

This is a disaster waiting to happen as there is a lot of such transactions happening across the country in other states even now. Just because the supreme court has made a ruling doent mean it is applicable from that date. It can only be applicable from the date that same is communicated and uniformly applied by the government machinery which in this case has taken over 7 months.

The main purpose of the supreme court order was to reduce litigation - the exact opposite is being achieved with this ridiculous "retrospective" order.

Problem point:

The supreme court knows about the idiots in government - what stopped them from issuing an order to all the states/ UT's that the same is to be implemented in 60days and compliance report to be submitted in the courts and that all transactions till the respective dates of transactions are valid?

As usual something doesnt smell right as the only people to benefit from all this are the benami users who would have got rid of all their properties in the past 6-7 months (these people are normally the politicians/ civil servants etc)