Tuesday, July 08, 2008

Now it's Amar Singh - ADAG dance

With the Left gone, Politics in India has become a lot easier to grasp. It is no longer Congress+Left Vs. BJP+Allies. It is now split between the Reliance family factions - Mukesh Ambani camp Vs.Anil Ambani camp. Here is my earliest prediction. Look at how Amar Singh, SP general secretary rips Finance Minister P. Chidambaram and Petroleum and Natural Gas Minister Murli Deora at a media briefing Saturday.

"I am not asking for my pound of flesh. We are against anti-people policies. Deora's behaviour is disgusting. He should come clean on whether he is a corporate honcho [for Mukesh Ambani's RIL] or a minister".

Regarding Chidambaram, Singh said: "Under his stewardship, price rise and inflation have happened."

Politics never baffle me. In fact they help me balance my portfolio by just looking at the daily news headlines. If Murli Deora is in the limelight, go buy Mukesh Ambani’s RIL, RPL stock. Of late Samajwadi Party and Amar Singh steal the show. It’s time to trade loyalties. Remember how Sahara group was let off by RBI recently? Go long on ADAG group – Reliance Capital, Reliance Infrastructure, R-Com, RNRL, Reliance Power, Adlabs.

What about the Indo-US nuclear deal? That has never been the central issue except for the Left. Nobody ever had a clue whether it is good or bad for the country. The comrades led by Prakash Karat just opposed all things American as if the Left is run by the Chinese – financially if not ideologically. Ideology is in severe short supply amongst the communists now. Want proof? See where China parks its surplus - rushing to hold stake in Blackstone Private Equity, the capitalist moniker.
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