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The Harshad Mehta Chat

Mr Harshad Mehta, you were man who "benefitted" from the fact that our country is not Asian tiger. You made money out of the loopholes that keep our country from becoming an economic superpower. You would not be Harshad Mehta and rich and famous and a person everybody wants to chat on the net with if not for this. But tell us honestly what are your dreams for India??k

Suitcase Mog, you are a bag of hot air. India is in the kind of state it is because of foul mouthed nincompoops like you. Begone!

r Mehta, what are the barriers in your opinion to Indian becoming a major economic power? I read a report in the Wall Street Journal the other day that the middle level bureaucracy, which has a vested interest, may scuttle the reform process. Just as they did in Russia. Would you agree?

K R Sambasivam: Yes I'm in the process of interacting and studying the minds of these foreign investors . They are looking for transparancy, security and good returns in that order. There is a strong possibility of if not $15 Billion, but atleast $5 Billion in the first year. This will further extrapolate geometrically. The bureaucracy in India is as much interested in the progress of India as anyone else I have great respect for them and feel that they have unnecessarily maligned . Please do not compare them with the Russian mafia.

Hey suitcase mog! are u the same suitcase which was presented to P.V. Narsimha Rao by the big bull ? *LOL*

Hi Raven,guess i'm out of touch,but when did Harshad become a celebrity?I still associate him with scams

PLEASE ANSWER> I AM WAITING ALL EXCITED Hi Mehtaji. Kem che? How do you feel today? Do you feel like Sanjay Dutt? Do you feel free? Do you feel honest? Do you feel any guilt for your wrongdoings?? I am dying to know something about you as a person. Pls rep

Mr Mehta, you must have interacted with several foreign investors. What are they looking for in India? Do you think FDI will go up to $ 15 billion this year.

Mr. mehta what do you think of the high dividend paying cos. ? IMPACT

capital index bond gives the signal that res.fm is optimistic about rupee going strong aginst hard currency do you agree?

Amit Mathur: Very soon I plan to have a website which will regularly reccomend the good investment opportunities.

Moron I would like to tell you that no doubt he cheated the gov. but he made every guju in the world proud !! right Mr. Mehta

Raven: Those high paying dividend scrips have become as good as tax free bonds.

Tell us something about yourself. Are you religious? DO you read the Shrimat Bhagwat? WHat do you believe in? Have you been to Tirupati? How many times?? B>

do you think that restuchering of mat by fm shall give desired result?what about cos may not have tax liability say 20 years down line?

Mr Mehta, before your website enters the net pleeeaase..give us a few tips...pleaseeeee!!

Mr. Mehta please do not recommend MOTOROL or BUSINESS MULTIMEDIA INDIA

Mr Mehta, thank you for your kind reponse. I do not agree with your views on the Indian bureaucracy. But you have your reasons I guess. What in your opinion are the three hurdles to Indian becoming an economic superpower?

harshad bhai, What are your future plans? I have heard that you are going to start off again?

Mr Mehta, that's not fair! Please tell us what stocks you'd recommend.

But the dividend given to the investor is alright, but the tax is going to be borne by the co. will it not affect the co. credentials ?

That's what gujus are good at ,eh?,anyway Mr.mehta loved the way stock market soared during your hey days

Harshad Bhai, Are you serious of having a website? I think you must be joking..... ha!!

chalo sahib, theek hai, just one question : You really think the scrambler long range cordless is effective? Would you like a few quotes here? Or will you please answer some questions of mine, eg: the one about your 'flight' to Bangalore on Monday 03feb97? After that all civil servants and FM became 'nice' people?? How come??????

When are youstarting your web site? How much will we have to pay to get advice from you? WHo will design it for you?? That's a neat idea

In which areas could this Budget stumble? Or do you think Mr C has got all his calculations correct?

Hey PLEASE NO CHEAP TIP ASKING PEOPLE WANTED HERE

with a few suitcases,Indian burecracy works at its best KRS

I want to ask you whether the reforms will ever erase the poverty that is the bane of India. Do you have any ideas about this? Because poverty can only enigneer social unrest and that would be catastrophic for the economy.

do you think that fm has not done much by not allowing more tax holidays on depericiation as give more opportunity to modernise the machineries and plants by companies like acc,l&t etc.

hey MG get the SE running properly first OK

Raven:Are you just bad or are you 'NOT GOOD'???? hehehehehe

There is a great deal of criticism about us NRIs, how we do not bring our wealth to India like the Chinese do. But why should we? What is there for the overseas Indian diaspora to invest in India?

Hey you are not answering the interesting questions. SUrely we can all chat with you about finance and the budget when you get your web site. But why don't you spend a few minutes now telling us about who you are? How would you describe yourself???

Mr mehta, What do you think about the BOLT? Was the badla system good for you?

Cut The Bull: As advised by my lawyers I am unable to comment on 'alleged' wrongdoings. What I would like to state is that I had no intention of hurting or cheating anybody including the banks and government. Circumstances led to the much publicised 'scam' in the media.I take this as a growth experience . This has given me an opportunity for introspection , spiritual renewal and reorientation of my priorities in life.

There is a great deal of criticism about us NRIs, how we do not bring our wealth to India like the Chinese do. But why should we? What is there for the overseas Indian diaspora to invest in India?

What are your views on price rigging ? please answer carefully !!!

Mr mehta, What do you think about the BOLT? Was the badla system good for you?

Good morning, Mr Mehta. I hope I am not late. I am a fund manager on Wall St. I just want to ask you for your assessment of the probloems confronting the Indian economy. Your finance minister has spoken of 6.8% growth. Is there any way we are going to see India touch the rates that the Chinese have achieved?

I would say that is mere hypocrisy Mr. Mehta cover up your wrong doings ehhh *grins evilly*

Cyrus: The reforms need to be social as well as financial and as long as this imbalance continues there is always risk of social upheaval and political turmoil. India is yet to achieve this balance.

What is your reaction to the new scheme for making portion of black money white. Will it work?

Yes mike I think so provided the politicans are shot dead first and we turn in to a capitalist country

Hullo, Harshad. I don't think you remember me, but we met years ago -- what some seven years ago -- when I visited the BSE as part of Carla Hills's delegation. How have you been? I believe the Budget was very good. Carla will be in India later this week. Where does India go from here? Can we expect greater political decisions from India? Or will every foreign project be enmeshed in the kind of controversy that beset Enron?

cynthia please read my previous message to mike

putting your money where your mouth is - what are your top three holdings?

One thing that bothers most investors in India is the political uncertainty. We fear that the reforms may be reversed. After all, we are speaking of a country that expelled Coke and IBM. Do you think the reforms in your country are truly irreversible?

Mr. Mehta, your eactions on :1.Painting part of Black money white 2. How this casino called stock market can interest serious FII and NRI?

Mr Mehta. I work in a small firm in London that undertakes all types of financial work. I was interested in knowing from you what it feels like to be called the Big Bull?

Mike Wallace: The major ingredient for industrial growth has been cheap capital and this opportunity is offered to the industry in form of international borrowings at dollar interest rates between 5-7 percent. Further with very large capital as well as debt dollar inflow will if not make the rupee appreciate or atleast stabilise, making interest rates comparable to international standards. This single factor alone will bring in a dramatic positive improvement in industrial growth and can help India achieve China's growth rate.

In which areas could this Budget stumble? Or do you think Mr C has got all his calculations correct?

suitcase please identify yourself ?

Thanks ever so much for answering my question. I was waiting ever so long for it. WIll it take you that long to answer my next questions? WHat do you believe in now?

Mr Chidambaram says he does not understand the stock market. Dr Singh said the same. As did Mr Pranab Mukherjee. Don't you think it odd that we have finance ministers who do not understand the stock market. Is there any logic to the way the stock exchange functions? Sometimes, I am befuddled by its logic.

laughing out loud *LOL* raven faints he cannot hold his laughing

Amy Carlsonn: The fears of reversal of the economic policies are unfounded as all political parties manifesto's clearly bring out their pragmatic approach in the continuation of reforms. The hysteria and jingoism of the past is long over and has been replaced by realism .

I WILL REPOST MY QUESTION: Thanks ever so much for answering my question. I was waiting ever so long for it. WIll it take you that long to answer my next questions? WHat do you believe in now? WHat kind of renewed spiritualism are you talking about. Tell us about it. Maybe we can learn something from this??

That was a great ONE suitcase *The RAVEN bows gracefully to you*

Harshad Bhai, 6 out of 60 questions so far!!! You are very slow as compared to me, when I appered on this chat show!!!

Thank you, Mr Mehta. There is some belief on Wall St that India has lost its shiine, India is no longer the hot scrip it was some years ago. What can be done to revive our interest in India?

But the BJP, which may have a shot at power the next time around, says they will kick Pepsi and McDonalds out of India. Do you think that is still possible? India, as you know, is a xenophobic country!

Pls answer my question about how it feels to be a Big Bull? Does it feel good? Does it make your proud??

Pls answer my question about how it feels to be a Big Bull? Does it feel good? Does it make your proud??

Ram Karmarkar: The stock market is a direct by-product of the human mind and its reactions. So our finance ministers and you should not be blamed. I after spending 20 years in the market, still consider myself a student.

Mr. Mehta u r very slowwwwwwwwwwwwwww

What do you do on a day to day basis? How do you spend your time? Now that PV is out of power and suffering under charges of corruption why are you not trying to bring up the issue of your suitcase charge again

Amy Carlsonn: there's a difference between anti-mujltinational and xenophobia. the former is grounded in history, the latter merely prejudice that is fairly alien to the indian psyche.

Mike Wallace: Markets are a natural roller coaster. Our present FM has created the environment to make India shine again.

how will the markets be on 4.3.1997

With the Stock exchanges going on line, will ther be chances of a bigger scam, with insiders, fiddling with the computers, as it has happened in the west, though with the banks.

I think India needs this kinda enviroment people have lost lots of money they need this now right Mr. Mehta