Communication Needs

MNCs cough up Rs 10,000-cr tax.Who is paying for it,the common people?Am I correct?

1]Reliance Communications reported a consolidated net profit of Rs 3,526.43 crore for 15 months ending 31Mar 2007[profit soars 154%] The company announced dividend of 10 per cent. [why not 20%] 2]UCO bank posted a net profit of Rs 316 crore.How? Govt. inflation rate is 6% but actually it is 10%.UCO was giving a negative interest[-3%].Making profit at the cost of the depositor. 3]Vijaya Bank posted a net profit of Rs63.65 crore as compared to a net loss of Rs 34.53 crore[Thanks to Chidambaram and RBI governor] 4]Areva electrical equipment manufacturer anounced a 75 percent increase in profit. [They increased the price of their equipment] 5] BEL posted 27 percent growth in net profit.How? 6]NESTLE posted 22.39 per cent increase in net profit.How? 7]CESC posted a net profit after tax RS 61 crore.How,of course by raising electricity tariff. 8] Bank of Maharashtra-profit at Rs 271.84 crore an increase in fivefold The prices of all commodities were increased [cartels] and the middle claspaid

Public Comments

1. Your pain is understandable but running business is an altogether different thing. You haven't mentioned your occupation / profession, then perhaps some of us could help you see / understand certain vital things even from your perspective. Certain kind of disparity you can notice even in your own household if you analyse honestly and critically. I am not suggesting that your points are not valid (atleast they are valid partially) - but the exact equilibrium could be just impractical to bring. One thing for sure you could learn from your own above examples that all these entities have devised ways and means to live and survive against almost similar odds that you are pointing out here. So, you also do learn from them for a happier life, if it sooths you.