Baba Ramdev: Kalyug Ka Abhimanyu

Businessweek claims the following about the status of Italian banks: “The outlook for Italian banks is expected to remain negative “through most if not all” of 2011 because of deteriorating asset quality, modest capital adequacy and weak profitability, according to Moody's Investors Service.”
The Italian economy is in deep trouble and the banks have deteriorating asset quality and a number of them need a capital infusion. That is why we see only one Italian bank in the top twenty banks in the world. A list of the Top 20 World Banks of 2010 based on Tier 1 Capital published by The Bankers Magazine is here for you to see as to how many Italian Banks figure in this list. Therefore, if you were to invite foreign banks to come to India and set up shop, you would stay away from Italian banks. However, if the intrepid Baba Ramdev while clearing his name against the allegations levied by Congress General Secretary, Digvijay Singh questions the invitation extended to eight (8) Italian Banks to setup business in India. He goes on to ask questions like, who is from Italy in India, why invite Italian Banks, what is the Italian connection etc?
You do not have to be a crack sleuth to figure out the Italian connection here. The invitation to Italian banks, at best shows lack of due diligence and at worst shows capitulation to non Indian interests. Are the decision makers looking out for the best deal for India or Italy? Are we giving contracts out without an open bidding like this UPA government is wont to?
If claims by Dr. Subramanian Swamy are to be believed then a lot of Indian money has already gone to Italy. Is this move to make the flight of capital even more easy?
Dr. Swamy and now Baba Ramdev seem to be waging solo wars against anti Indian interests. We at Aam Aadmi salute them and thank them from the bottom of our hearts. Babaji seems to have taken upon himself to make up for the inaction and apathy of the Indian populace. We need to answer his call and join forces with him. His approach is already paying off dividends. Congress MPs have started to call him abusive names. That is a sure sign that he is hitting the nail on the head.

We will pray that this modern day Abhimanyu can break through all of the Chakravyuh of Corruption.

Here is a list of the Top 20 World Banks of 2010 based on Tier 1 Capital published by The Bankers Magazine for you to see as to how many Italian Banks figure in this list.


Italian Banks' Outlook to Remain Negative in 2011, Moody's Says
Feb. 7 (Bloomberg) -- The outlook for Italian banks is expected to remain negative “through most if not all” of 2011 because of deteriorating asset quality, modest capital adequacy and weak profitability, according to Moody's Investors Service. The asset quality and capital adequacy of Italian lenders are below the European average, Carlo Gori, a senior financial analyst at Moody's, said in a phone interview. Italy's biggest banks, including UniCredit SpA, Intesa Sanpaolo SpA, Banco Popolare SC and Banca Monte dei Paschi di Siena SpA, are cutting costs and shedding non-strategic assets to strengthen finances and boost capital after the country's worst recession since the Second World War. Read the complete article at:http://news.businessweek.com/article.asp?documentKey=1376-LG3JB10D9L3501-0MRBT7VD9L5E8TQQI4PT2KH49E

Digvijay-Ramdev row: BJP, Congress lock horns
New Delhi: The BJP and the Congress locked horns over Baba Ramdev, with Digvijay Singh attacking the yoga guru for "targeting" his party on the black money issue and questioning the source of funding for his activities.
Defending Ramdev, BJP leader M Venkaiah accused the Congress of levelling "absurd" allegations against the Yoga Guru. Congress general secretary Digvijay Singh asked Ramdev to verify the trail of funds received by him through donations.
Read more at:http://daily.bhaskar.com/article/NAT-POL-digvijay-ramdev-row-bjp-cong-lock-horns-1881217.html