Chennai : BJP leader and former Union minister Subramanian Swamy on Sunday said that the automobile
industry should focus on research and development of cars that run on hydrogen cell based-fuel for the country to escape its dependence on crude oil.
Speaking at a session organised by the Jain International Trade Organisation here, Swamy said that the US was posing stumbling blocks for research into the technology as many of its companies had invested huge amounts in infrastructure for crude oil extraction and refining.
“The US has huge amounts of oil. The oil companies there have also developed huge infrastructure in this sector. Therefore, they do not want other countries to develop alternatives such as hydrogen cell fuels,” he said.
Painting a grim picture of the current status of the economy, Swamy alleged that the slide in the value of the rupee was connected to short selling of the currency by “a son and a son-in-law,” who frequently camp in Singapore and Dubai. “You saw a revival of the rupee the moment I exposed this,” he said. Swamy said that if he became the Finance Minister again, he would like to abolish income tax in the country.
On the recent FDI measures in the aviation sector, Swamy said that it was yet another scam in the making. “I have challenged the nod for the Jet-Etihad deal in the Supreme Court. This is something we cannot allow.”
Executive vice chairman of Ashok Leyland R Seshasayee said that the state of the economy had a lot to do with failure to create public goods and services, which was essential for a robust growth of private goods and services. In this regard, he said the country needed a strong and stable government.
Source : IE
Speaking at a session organised by the Jain International Trade Organisation here, Swamy said that the US was posing stumbling blocks for research into the technology as many of its companies had invested huge amounts in infrastructure for crude oil extraction and refining.
“The US has huge amounts of oil. The oil companies there have also developed huge infrastructure in this sector. Therefore, they do not want other countries to develop alternatives such as hydrogen cell fuels,” he said.
Painting a grim picture of the current status of the economy, Swamy alleged that the slide in the value of the rupee was connected to short selling of the currency by “a son and a son-in-law,” who frequently camp in Singapore and Dubai. “You saw a revival of the rupee the moment I exposed this,” he said. Swamy said that if he became the Finance Minister again, he would like to abolish income tax in the country.
On the recent FDI measures in the aviation sector, Swamy said that it was yet another scam in the making. “I have challenged the nod for the Jet-Etihad deal in the Supreme Court. This is something we cannot allow.”
Executive vice chairman of Ashok Leyland R Seshasayee said that the state of the economy had a lot to do with failure to create public goods and services, which was essential for a robust growth of private goods and services. In this regard, he said the country needed a strong and stable government.
Source : IE
My dear Mr swamy.
ReplyDeleteAll the times i have watched you speak, i tell myself, "HER IS THE MAN" who can bring about change.
Hang on on your own identity for a while more. And you willl be king.Cut the religion out. Does no good. The poor, what my india is all about, will never grow, otherwise
there is already progress to begin with water car - Surat mechanic have been driving since 2010 and 2nd stage of patent design.
ReplyDeleteWhy it takes so long?
http://goo.gl/cEzj7 Tv9 Gujarat - Car that runs on water, Surat
http://www.youtube.com/watch?v=Jivb7lupDNU H2O Car - Water Powered Car
I have been listening to your numerous lecturers, articles and debate. I admire you. To me you are the only inspirational leader for India. Please keep your good work and service to the nation. I have a request to you sir. When you come to power, please investigate about the death of Netaji Subash Chandra Bose. The Nation deserve to know the truth and any conspiracies behind it by Nehru-Gandhi family/British. This is an earnest request to you. Best wishes. Magesh N
ReplyDeleteSir,
ReplyDeletethis is scary pls click link
http://www.sunday-guardian.com/news/pmo-unconcerned-about-scientist-deaths
Dear Swamy,
ReplyDeleteVery insprirational speeches. Think you have a platform from the Elite to everyone..
I am an IT guy in NY.You should tap into the enormous IT folks across the GLOBE.
Some stats:
3+ MILLion NRIs in US alone... If you see the morning trains from Princeton to NY they look like Mumbai express. All Professional ...some trains are 50+% indian.. feels like in Mumbai...
for less than 1% of the Inidan population, 13% of all the top schools Harvard,MIT Stanfords(not counting other) are Indian american.
Huge fraction of atleast 500,000+ IT folks just in US.
Indians have grown from 0 to the most wealthiet group in less than 20 yrs with a medium household income of 90K which is almost double that of the national MHI.
President obama made a commnet that when Sachin is playing his country productivy goes down by 5%.(?)
Think you should use the social media more intelligently than OBAMA and get to win this election.
Please give out research topic homeworks on your tweets to gather data as well as engage the youth,
Swamyji,
ReplyDeleteU are my only hope to see my Bharath back! I want you to train youths to follow the footprints of yours' to stand against evils..
With respect and admiration.
@swamiji
ReplyDeletei don't know what this is about and is it useful or not ...but i think ur an idiot ..u have put a good knowledge and extensive education in vain .. i think u have killed most people's faith in education ..that this much education can go south
i am big fan of dr swamy... i have almost all his video's before he became so popular.
ReplyDeleteadmin plz add hindu news blog as referral blog of your site
link http://hindu-news.blogspot.in/
Thanks for your great information sir ji,
ReplyDeletesir hydrogen is the future.congrarts for recognising it.hope you will implement this in the next bjp government regards joe
ReplyDeleteRes. sir.Big fan of you and your views.Teacher by profession.In delhi under sheela dixit govt there was a policy regarding Reemployment of teachers who retire at the age 60 years claiming all their retirement benefits and working in full salary and young blood is unemployed. Big loss of revenue and employment generation. Do something fast. I think you can do this in a short time.Hoping for best from your behalf.love you, Sir.
ReplyDeleteDear Sir,
ReplyDeleteYou are amazing!Govt has sinned by leaving you out of cabinet.
Used to think quire well about you, until you made that ridiculous statement about sania mirza. Very very dangerous
ReplyDeletehttp://www.uncommonwisdomdaily.com/reports/GRH/0123/v/?ccode=&
ReplyDeletehttp://www.youtube.com/watch?v=2Ln-pO2bqKM&index=5&list=PLA7XO8GmluRAssqeLV5Z8j_WWlbFeDTi3
ReplyDeleteIts a good thought to think about new alternative fuel option we need it
ReplyDeleteAny alternate fuel means we are talking of high cost. Which means subsidy from Govt. Hydrogen could be made from electrolysis of sea water using solar power. It is a commercial opportunity for an enterpreneur to make self contained packs of solar paels with electrolysis cell.
ReplyDeleteRKS
Really amazing sir,
ReplyDeletePlease keep going.
With Respect