In a stunning development the Kings of Hawala, and Hundi (Munaf Kalia and Javed Khannani of Khannani and Kalia Co.) were arrested a week back in Pakistan, on charges of transferring a huge amount of foreign currency out of Pakistan illegally. The information gathered from the computer captured from the company revealed transactions of Billions of Rupees.
The most intriguing thing is that how they were allowed to do this illegal business for so long. Khannani and Kalia have about 70 branches throughout Pakistan, and their Daily earning is supposed to be in the region of crores (hundred millions) of Rupees. Certainly the involvement of higher-ups cannot be ruled out. The government must investigate thoroughly and take action accordingly and quickly because timeframe is crucial in such matters, else it will drift into oblivion.
Sunday, November 23, 2008
Tuesday, November 4, 2008
Bringing Bank Jobs to America
As the elections are coming to a close, people are hoping the new Mr. President is able to Recover the American economy. No matter who is elected (Obama hopefully),and no matter what policies they follow. The most essential strategy and the most needed action is to bring back jobs to America.
Any country needs its people to work and be productive in order to flourish - and this is done through creating jobs. The greatest error of the past governement was encouraging, and making outsourcing extremely easy for companies. Initially this seemed like a great idea, as companies were saving money. But what did the Nation gain? America is supposed to be an advanced and educated country, could not the economic analyzers see the scary reality behind the rosy picture of outsourcing.
America needs to deter companies from sending the jobs overseas. New graduates (2003- till date) especially from the IT industry are uanable to find jobs, as companies prefer sending the jobs to India. Do Indians pay tax to the American government? The governement not only discouraged these new intellectuals, not only reduced their spending ability, not only increased the unemployment, it cut-off the Nation's income by not allowing them to work and pay tax.
Hope the new governement takes the necessary steps to completely reduce the outsourcing business.
Any country needs its people to work and be productive in order to flourish - and this is done through creating jobs. The greatest error of the past governement was encouraging, and making outsourcing extremely easy for companies. Initially this seemed like a great idea, as companies were saving money. But what did the Nation gain? America is supposed to be an advanced and educated country, could not the economic analyzers see the scary reality behind the rosy picture of outsourcing.
America needs to deter companies from sending the jobs overseas. New graduates (2003- till date) especially from the IT industry are uanable to find jobs, as companies prefer sending the jobs to India. Do Indians pay tax to the American government? The governement not only discouraged these new intellectuals, not only reduced their spending ability, not only increased the unemployment, it cut-off the Nation's income by not allowing them to work and pay tax.
Hope the new governement takes the necessary steps to completely reduce the outsourcing business.
Friday, June 13, 2008
Why do Humans Cease to Use their Intellect?
The Intellect is our power to choose, to choose right from wrong, to choose good over bad, etc. Humans are the only beings of all the visible beings who were blessed with this power to choose.
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