Strains relationship with India, stains Canadian image Canada must know the cost it will pay for fostering notorious Kalistanis, who are part of the drug mafia and Sino-Pak puppets. While flowing crocodile tears for the murder of one of the most wanted Khalistani terrorists, Trudeau and the Canadian lawmakers should have sought justice for 268 Canadians onboard the ill-fated Kanishka. They were the victims of Khalistani terrorism that Canada now seems to foster for political gain. Let Canada make no miscalculation about modern India. In a sense, Khalistan Tiger Force (KTF) is a foreign terrorist group both for Canada and India! Canada senselessly risked its relationship with India after it accused India of its hand in the murder of Hardeep Singh Nijjar, its citizen and a notoriou...
Read MoreCategory: Blog
Why do continuous loss-makers command a high future earning ratio? Some stocks are worth buying based on their strong financial fundamentals, future business potential and empirical evidence of their business sustenance. Advisors recommend such stocks with an expectation of a stake sale premium when one private equity or strategic investor sells its holding to another buyer at a premium. That is no less than speculative pricing, an inseparable part of the equity market. While the former is a safe bet, the latter is not always. Stocks of companies with private equity investments usually command a high price-earning (PE) ratio for no justifiable reasons. Such stocks move up based on newspaper reports of stake sales, which the “suitor” denies subsequently. They hit the limelight be...
Read MoreWait and watch defensive stock Deepak Nitrite already has a price-earnings ratio of 32 times over the earning of 2022-23, its stock may not be very lucrative unless something drastic comes to shareholders. The earning ratio is above the Sensex average. The indices are already ruling high. The chances of anything drastic seem weak in the long run. Its equity base is low at Rs 27.5 crore. With a book value of Rs 300 on a Rs 2 share, a bonus is not a remote chance.The financial result last year showed some pressure on its net margin. Naturally, return on equity also had a corresponding beating. The efficiency of capital deployment also decreased. A diversified product portfolio and leadership are some of the products that ensure it is a safe business. Though its PE ratio is...
Read MoreOur media has not given up on Covid. It continues to be a news beat, even though the terrific experience of the pandemic-induced lockdown has faded from the public's attention. For two years, Covid sent shivers down the spine. Still, the media and medical fraternity believe that this virus has killed so many people. It has blown a big hole in the human economy and human psychology as intended by the architect of the pandemic. People still suffer and assign all the troubles to the coronavirus. Everyone wishes to forget about the nightmare. But the media seems keen to revive the fear and hype it as a hot subject. Despite its name, Covid-19 hasn't left behind any importance in humans' lives today. It is now a part of the common cold that doctors treat sitting at their clinic without...
Read MoreHumans and animals: Laws are equal Some ray of hope emerges when all hopes are lost... this is the verdict of nature. We have become arch enemies of elephants. Instead of finding real reasons or developing better solutions, we have killed or trapped them to satisfy our pleasure. Today, laws are more stringent, making it more difficult to trap an elephant. Since we believe every creature on earth is liable to provide us with food or happiness, we never mind torturing them. We expect everyone to follow our system and rules. We offer them a lavish shower every day. If possible, we could also clean their teeth. Most elephant lovers are unaware that elephants do not need showers or cannot tolerate heat. However, we still insist they travel in vehicles and stand in the heat. We believe th...
Read MoreHow the poor become poorer while the government builds castles in the air. Lending money to businesses will not create retail demands. The absence of retail demands can only create a nightmare for debt-funded factories. Failed economies and failed US and European banks remain fine lessons. When the government builds wider bridges, longer highways, posh airports, railway stations and bigger dams, it tries to create an impression of economic growth. A sad but bitter truth remains on the other side! The government seems to miss the real pulse of the economy, as it fails to see the requirements of the people. Our economic system is still declining. Building new bridges, roads and dams won't multiply money in the hands of people. The post-Covid-19 scenario drilled a hole in peopl...
Read MoreIndian democracy goes the way of the Lincoln principle of "of the people, by the people, and for the people." But do you think this is how you see or experience democracy? We may be the people who do not know the value of democracy, or we may be the people who choose to live discreetly under power, or are we the people who are claiming our rights? Democracy does not happen so easily. People's interaction and involvement are necessary to maintain it. We often hear people complain that our democracy is diminishing, but the reality is that democracies have always had their flaws. Either we are ineligible for it, or we are underestimating it, and there is no democracy left in the world that is perfect or free of a need for improvement. There is a time for all kinds of systems of gov...
Read MorePakistan has begun to experience what persisted over many years owing to its political miscalculations and economic mismanagement. Recently it crossed all thresholds. Recently the world witnessed the Sri Lankan economic crisis. Pakistan is facing a significant rise in inflation amidst the tumbling foreign reserve and moving to the brink of debt default. Pakistan has restricted industrial production and consumption. It has also, over the years, not worked on developing means to substitute its imports while it was expanding economically. Its reliance on imports made it vulnerable to shocks, which it could not absorb. With a population of 220 million, it is struggling with its massive external debts, making it nurse a tottering economy. Pakistan's outlook is grim. Its currency is fall...
Read MoreA few days ago, I was reading an article in The Times of India about H.S. Pabla, the former principal chief conservator of forests (and wildlife) in Madhya Pradesh. When I started reading the article, I presumed there would be some interesting news about saving the earth and our living ecosystem. But, when I completed the article, the stuff produced by someone with an authority over the subject only dismayed me. Although we can understand that Pabla must not have done much to protect wildlife despite having the authority to do so. He suggests that, like African countries, India should also legalize “hunting”. He says hunting as a game can generate financial benefits. His suggestion is shocking and shows a complete disregard for wildlife and the country’s natural resourc...
Read MoreA few days ago, I was reading an article in The Times of India about H.S. Pabla, the former principal chief conservator of forests (and wildlife) in Madhya Pradesh. When I started reading the article, I presumed there would be some interesting news about saving the earth and our living ecosystem. But, when I completed the article, the stuff produced by someone with an authority over the subject only dismayed me. Although we can understand that Pabla must not have done much to protect wildlife despite having the authority to do so. He suggests that, like African countries, India should also legalize “hunting”. He says hunting as a game can generate financial benefits. His suggestion is shocking and shows a complete disregard for wildlife and the country’s natural resourc...
Read More