India's reservation system piercing the spine of deserving people?

The towering of Indis is not Pakistan or China but India itself, its wrong policies, flares strategies and maladministration.The policy of reservation is among the top of such muldies, of course the reservation for diffrent categories is meant for improving the backward categories and aims at bringing them at par with the other well off and well placed section of the society. Candidates seeking jobs oe admissiond against reserved category are usually of petite IQ and adverly lack capability, aplomb, dynamism and talent required by those jobs or courses.

For the talented jobs, virtue cities, genius laments, intelligence bemoans ans calibre screams at the after of reservation. Merit is a substance which is and must be above cost and free from all socio political and ecnomic pressures and prejudices as it plays a vital role in the development of India.

Political situation in Kerala

With the elections nearing, a precarious situation prevails in kerala especially when you take the Marxist party into consideration. There is no doubt that the conflicts within the major parties is going to affect the results if election in a big way. The internal conflicts within the LDF proves to be a boon to UDF who is determined to sieze the seats that they lost int he last election. Last time it was a landslide victory for LDF as they won all seats except one. But now the two groups within LDF being poles apart, the victory in this election seems to be adream for them. On the other hand congress is hoping for a victory not less thatn what the LDF had during the previous election. On the contrary even if the Marxizt party is voted to power, the future of the present CM is very much in doubt as he may not get support from the centre.

The other observation is that BJP may open their account in kerala for the 1st time in this election. Each seat that the Marxist party looses this time is sure to become a question for them for which they may have to hunt hard for an answer. Whith the JDS desciding not to support the ruling faction the future of LDF seems to be shadowed by dark clouds.

As of now the stage is all set for the Congeress to return to power.

Global Financial Crisis

The key question confronting the economy now is the backwash effect of the American or Global Financial Crisis. The current financial turnmoil is rooted to the subprime crisis.

Two kinds of loans are given by the American banks to their people.Prime loans and Subprime loans. Prime loans are given to persons who have thecapability to pay back the loan in time. Subprime loans are those loans that are provided even if the person is not capable to pay back the entire amount. Duing the boom years of the housing sector people took the subprime loans to buy houses. The banks provide huge amount as subprime loans with the eye that, if they didnt pay back the amount, then they can confiscate the flats and sell it at a higher profit. The banks gave the credits with little or no downpayment and without creditr checks.

When the banks took over these flats a situation arose where there were no buyers for these flats. Therefore these became nin performing assets with the banks. Banks ans financial instituitons often repackaged these debts with other high risk debts and sold them to worls wide investors creating financial instruments alled CDOs oe collateralised debt obligations. The serious subprime mortgage crisis began in June 2007 when teo Bear Stearns Hedge funds collapsed.