We have the gas and can substitute our imports of fuel considerably in the shortest time possible.

Yet we cannot sieze the opportunity, grow and get out of our misery. We NEED to grow yet?

Plain unlucky and unfortunate because of corrupt politics and business. That is India for you.

Throughout the history of the past six decades we have seen a very long list of lost opportunities. Of course there is a global downturn and prevalent global uncertainties however once again our present Honourable Finance Minister has good OLD IDEAS however absolutely no NEW idea visible about how to bring our economy on the growth track with dynamic policies.

We were lucky to escape the viscious effects of the breakdown of the global financial system however pursuing in the SAME OLD conservative fashion is no way to show leadership. Can we afford to wait till global market pick up which may be much more far off than what we cna imagine.

So we had the opportunity so what was stopping us?

This is not just a stock market perspective or a post in defence of RIL it is the real economy affecting our real life.

Indeed I do have a feeling of being let down. I don`t blame Reliance I just feel that our GOI is not upto it.

Dear Sir,

Your msg is should be an eye opener to the sheeple of India, what we need is a reveloution to weed out corruption.

Don`t confuse RIL with India. India will prosper in real terms only when corrupt corporate houses like Reliance is weeded out. And what Mukesh Ambani will contribute to the well being of India and its people when he is ready to deceive his own brother for a few rupees more?

iinvestr - I think you got confused because of my normal posts for which I very well know the reactions. I will keep taking up the defence of RIL for as long as possible and I suppose you will do otherwise.

However this particular post is wider than RIL since I also meant to refer to the countless opportunities including my granite business which could have been even much larger even for the building material variety. I know how GOI and if not GOI at teh centre the State Governments muck up opportunity upon opportunity.

Now once again if GOI was capable I would be all for GOI to takeover the KG D6 Basin out of hands of RIL with a reasonable price compensation and produce 160 mmscmd gas once and for all. RIL can concentrate with the funds and make international investments.

I think you are going a little too far in wishing RIL to be WEEDED out whereas the main issue that has come up against RIL is the KG D6 gas. No gas business and RIL is well left alone.

Now try to be a little realistic and try to come up with suggestion about what you think should be the way this country will progress without KG D6 gas especially if the IT industry and our exports maintain the downward curve. That would be highly appreciated. Please keep Reliance aside and out of it.

Please note that the KG D6 gas at US$ 4.2 is much cheaper than the landed international price of gas so is KG D6 important or importing the gas merely to punish Mukesh Ambani and RIL is more important.

In what way are our politicians and PSUs in India better to do this job than RIL?

bhusbhac
Yes our Govt is not upto the mark ,that is why companys like Ril flourish in such environment, & intelligecia like U R self ,having profound vocabulary, facilitate the rise of such groups..which I would prefer to call `syndictes`.. who use their clout to draft the goi policies to suit their ends.
And for we being lucky to escape globaal financial crisis is only a `Upmarket branding` attached to minisicule stock Centric population of India only .
Where more than 70% of we indians have not have a bank account .. the financial crisis has no significant meaning.
Lehmans fall or bank of america closes .. doesnt affect MOST OF we Indians, where most money is stashEd in cupboards rather than in banks.
SIR U have TO move a little away from the dotted line.. to find why we have missed some opportuinities.

NODIK - My submission is that it is not only RIL but the entrire spectra of bunsinessmen in India barring myabe a rare exception.

Of course as you put it my vocabulory may be my biggest weapon as much as it is my enemy as well. Unfortunately when we are 30% we succumb to blackmail. Suppose our kid has been kidnapped, suppose our plane has been hijacked? We do give in to blackmail. So now RIL has our nation`s gas so I submit. A small portion of my RIL holding is no more than two years old and my larger holding was as of October, 2008. I don`t Mukesh Ambani but I did listen to CNBCTV-18 and news article referring to RIL as our most valued company by way of market cap. Also CNBCTV-18 conferred the leadership award to RIL and abused the company just before and after it (Udayan Mukeherjee).

Whose vocbulory is better Udayan Mukherjee your defender or me?

If we extract most of our own fuel and grow with it then we could very well deal with the whole wide world with our own pride.

What are you saying in this post ? I did not get it clearly...

Are you saying that KG D6 is the way to prosperity fr India ? That once 160 mmscd gas starts coming out of it, India will have solved all big problems ? Im not too sure it helps India that much ... If India were the concern, like the Hon`ble Supreme Court noted, isnt gas at .34 better fr the country that gas at .2 ?

Sure. KG D6 will help a lot. But its not the way out of a worldwide financial crisis like you are suggesting. And more than the country, the Ambani brothers stand to gain - either way...

KG D6 gas is not paternal property of Reliance. They are mere thekedar only. Like you are of Reliance.

iinvestr - Your comparrison of thekedari to me is highly offensive and unfair!

GOI is owner not only of gas but ALL minerals. MAJOR minerals belong to GOI at cnetre and MINOR minerals belong to respective State governments.

After the lease rent and royalty is paid the owenership of that mineral passes on to the ultimate buyer or user. In times of emergency even the gold that you are wearing and the property you stay in belong to GOI.

So the exploration, oil well drilled, the rig and the onshore processing facility DO NOT BELONG to GOI. So WHAT are you talking about?

At least I am not that kind of person who goes to all ADAG sections and abuse their stocks like some of you are doing in this RIL section and that too without any evidence and / or without making sense. You could at least elaborate your statements with facts and figures.

The facts and figures of Reliance Industry are reflected in its price movement in the market. Picture abhi baki hai mere dost.

iinvestr - So it went down contrary to my expectations. I am a loser and not as much worried to sell off at current market prices. I am holding on to the stock at my own RISK and will not sell on panic.

Of course you may sell off at these or lower levels if you wish.

If the markets go according to the actual valuations then there would be NO market. Sentiments like yours are indeed measured by markets especially the FIIs.

Ofcourse its your money. If you want to sit on losses, who`s there to stop you?

iinvest - NOBODY! Losses? Well what if I had bought RCOM at 320? In fact I had bought at 302 and put a sell order at 305 several days ago and was quite lucky. RNRL? LOSSES?

I am now a longterm player and although there is a lot of risk there can a lot of gain as well.

I have stopped compulsive day trading all together for the time being and only take a call if there are sufficent signals.

So you are admitting that our markets are rigged unlike western markets and need more stringent regulations and vigilance to rein in rougue corporate houses like Reliance.

iinvestr - I do agree. However the first person who should clarify his calls and position in this market is Udayan Mukeherjee. I would like to say that in my opinon that Udayan Mukherjee`s are highly speculative and contrary.

We talk about corporate governance and CNBCTV-18 is not transparent in this aspect at all. I would like this channel to set an example.