Posts Tagged ‘Kapil Sibal’

Helicopter Drops

May 17, 2016

Hello world ,

Maverick @Swamy39  is at his best.Sonia Gandhi and Rahul Gandhi will have little relief.Swamy has a new target in Raghuram Rajan.

Loose Cannon of India @Swamy39 finds Raghuram Rajan incompetent as Reserve Bank of India’s Governor.

Time magazine did not feature Swamy , Arun Jaitley, Two Aravinds of Jagdish  Bhagwati Brand.

It is not a manipulative plank like Narendra Modi that Time featured Raghuram Rajan who has saved Indian Rupee till to-date and steered Indian Economy clear  in today’s difficult times.He has refused to entertain Narendra Modi’s wishes to make cash flow available to a few select corporate houses ,hitherto Modi’s financiers .Modi used Jaitley , now he is using Swamy39 to humiliate Raghuram Rajan.

Without politics Swamy39 will survive, not arun Jaitley and Narendra Modi.

Without RBI’s governorship Raghuram Rajan will not be unhappy or will be out of job in strict physical sense.India and Indians will be unhappy without him.

i dwell upon Raghuram Rajan’s views titled as Helicopter Drops.

Helicopter Drops  :

Holding tight the reins of interest rate versus printing currency bills to ease cash flow via a special account at central bank or through government schemes is an obvious interesting debate everywhere ! Debates are debates only having no bearing on common man’s permanent & perennial woos.

No one wants to restrain spending by adopting strict austerity measures as practised successfully by Angela Merkel only to be washed out completely by a huge influx of  refugees. Angela could do it in part or full because it was & is Germany & citizens were bonafide Germans ! Only Japan & Japanese can do it voluntarily. Singapore has done it with strict & brutal law compliance. No other country can think of it. Americans have become “soft” & love life with ease.

In absence of austerity & pliable, convenient  law compliance easing interest rate & printing money are the only options having a sure uncertain & equally dangerous crash which may be a kiss of death .

Raghuram Rajan is modest .He refrained from elaborating this Death Kiss . I do it because I happen to be one of millions of commoners, guinea pigs of rulers’ whims to gain & sustain political power.

In India we have frequent Helicopter Drops. “Come any Election” & drops would start. Election to any institution is a source of garnering easy money for voters. Recently electoral officers in Tamil Nadu seized three containers full of currency. The escort car riders could not give any plausible explanation except few Xerox papers trying to convey that the money seized was meant for SBI’s inter branch transfer of cash. The next day the ECI – all three Election Commissioners of India   unanimously postponed the election in the concerned constituency by one week.

This was for only one constituency. One has to imagine the amount of money spent and not seized during assembly elections in West Bengal, Assam,Tamil Nadu,Kerala & Puduchery. It is not that this sort of distribution of cash doles, gifts etc. was for this election only. More or less it is happening right from 1951-1952 to / through 2016-2017. Jawaharlal Nehru, Lal Bahadur Shashtri , Indira Gandhi ,Rajiv Gandhi , V> P. Singh,  Morarji Desai , A.B.Vajpayee and all other prime ministers were not saints , so Narendra Modi is definitely not. Indian democracy is nothing but a huge bundle of play of black money with the most sophisticated cover up operations going on all the while establishing a society & polity of hypocrites & law makers cum law breakers. Role of black money is evident & fait accompli of India.

One has to ponder & come to conclusion that black money distributed periodically & time to time during all sorts of elections as bait to voters has not contributed to improvement of voters’ life, either qualitatively & quantitatively. All the money was spent in temporary pleasures ranging from road side booze stands to one night stands!

All the emancipation schemes implemented in the form of agricultural subsidies, rural employment guarantee, direct cash transfer, scholarships, crop insurance, medical aid have in fact proved to be “Temporary Pleasures” making the majority of beneficiaries parasites & “Help Addicts” dependent badly on sops doled out by corrupt & power hungry politicians & political parties. One who is the least corrupt & hypocrite is honest & principled in the arena of all despots presenting themselves as servants of people.

Raghuram Rajan talks about  Amul Money , all milky white, accounted money supplied & disbursed by  government  & I talk of Black Money ,Panama Money, ill gotten & unaccounted  money ! Ways of Helicopter Drops are different, purpose, after effects & results thereof are same.

Governments the world over when confront respective concerned central bank governor of the country do so with dirty hands and linen.RBI Governor Raghuram Rajan enjoys statutory powers, though curtailed & crippled by  unprincipled duo of finance minister Arun Jaitley and prime minister Narendra Modi, functions independently to save rupee ,to safeguard interests of 99% of Indians who constitute the poor ,middle ,upper middle & upper class. The government of India bothers much about the rest 1% who are rich, very rich & super rich individuals & families! 99% vote the government in & out of power,1% enjoys fruits of that power ! 1% are industrialists, corporate houses & so called developers who feel the pulse of money, crunch of its supply, want more money to invest in other personal interests & “suffer” from non availability of funds in the form of bank loans. Incidentally this 1% constitutes the NPA Builders! NPAs are non performing assets of banks , bad debts , money once disbursed never returned either in the form of interest or the original sum ! These individuals & corporate houses “use” public money & circumvent all laws to manage, defraud, falsify, duplicate their balance sheets with overt & covert help of chartered accountants, lawyers, senior counsels, government officers ,bank directors & officers, ministers, tax authorities largely through corruption. They just don’t   pay their dues, sit tight , enjoy in resorts, divert their money to tax havens, invest abroad & in India in relatives’ names. In short they use and misuse all laws, legal services and  all layers of judiciary including Supreme Court of India. They hire senior counsels who are powerful politicians also to dodge lender bank’s recovery process for years. In the end they are facilitated to jump only to reach a foreign country as alternate but final abode!

Indian Banks and hence industries feel the heat of shortage of money due to Raghuram Rajan’s policies. They create recession , manipulate commodity markets to add on hardships of common public.

The only difference between Helicopter Drops at the time of elections and calamities like flood, earthquake, adverse monsoon and at the time of general recession is diverse beneficiaries of such drops. Electoral and other Drops benefit a large number of population who are definitely not the NPA Builders .The Helicopter Drops in the form of printing currency bills or increasing money supply to lender banks  largely benefit NPA Builders as well as their masters at such banks and government.

Government of India enacted the Bankruptcy Code 2016 after creating many Mallyas and Subrato Roys ! In a way, if Raghuram Rajan could have been pliable to wishes of Modi-Jaitley Duo long back in June-July 2014  to allow them manipulate Indian Economy to  ModiNomics or say NaMoNomics , new Tax Code must not have seen the light of the day.BJP & Congress with partners in other political parties were compelled to pass Tax Code or say Bankruptsy Code to facilitate their masters at Corporate Houses #GovtOfAmbanIndia #GovtOfAdanIndia !

Vijay Mallya @Kingfisher and Subrato Roy @Sahara are now procreators of new laws ! Subrato Roy @Sahara has personal properties of such extents that SCI could not comprehend the reasons of Subrato Roy @Sahara and his senior counsel Kapil Sibal preferring extension of jail term in want of bail to repayment of all dues with penalty in toto.

To my belief, all personal properties of  Subrato Roy @ Sahara are undervalued meaning thereby Subrato Roy @ Sahara parked his Black Money in his own Tax Haven ! This riddle when solved and resolved will be a curtain raiser of our National Hypocrisy of documentation of all sales and purchases. 60 : 40 or 70 : 30 system of transactions has superadded to woos of Subrato Roy @Sahara .

I just can’t prevent smiling at naïve Justices of Supreme Court of India not appreciating the woos of Subrato Roy @Sahara’s 60 : 40 or 70 : 30 system of transactions with parking facility of ill gotten or say money saved from paying all taxes ! Till his arrest he enjoyed his own tax havens in India by purchasing properties at market rates & making documents as per prevalent government Juntree thereby parking safely 60 to 70 % of his black money though properties stand at “undervalued” prices , but , safe in his possession and custody ! He is not the only one, everybody knows it and practices it as and when a chance to transact a property deal arises ! I am not sure but it may be just possible that the sum of values of such  properties documented as per prevalent market rates may not be just sufficient to meet with the dues Subrato Roy @Sahara is supposed to pay to be free from clutches of laws .If it meets and if Hon’ble Justices @ SCI decide to attach all properties what would happen ? Subrato Roy @Sahara would be a free man the next moment losing 60 to 70 % of wealth accumulated by parking black money under his nose ! Kapil Sibal must have realized this in a flash of a moment and hurried to request the SCI bench to keep the details of the list secret and confidential ! He preferred Subrato Roy @Sahara’s extension of jail stay to divulge the figures !

If Hon’ble Justices @ SCI go very deep in Subrato Roy @Sahara’s intricate accounting and accumulation of wealth the keys to solution of India’s Black Money Riddle will emerge automatically. The Black Money is the root cause of all maladies India faced and Indians suffer due to its usage in corrupting polity and whatever is at government and governance.

I am sure Hon’ble Justices must not have had any chance to buy or sale anything in their entire life. Typical of a straight forward, honest, sincere , God fearing government servant full of integrity. Now I urge Kapil Sibal to “educate” Hon’ble Justices so a new law removing 60 : 40 or 70 : 30 system of transactions may usher in at the hands of Hon’ble Justices. If this happens the generation of Black Money and frequent Electoral Helicopter Drops will reduce to considerable extent. It will be a step forward in making the system transparent and clean the present corrupt atmosphere in politics as well as economy.

India and Indians have reasons to thank The Man of Law Raghuram Rajan  and habitual, sophisticated law breakers  @  Vijay Mallya #Kingfisher  + Subrato Roy #Sahara ! If  “Naïve “ Hon’ble Justices would not have been  there at SCI and High Courts , India and Indians would have been compelled to be at the mercy of wolfs of polity and corporate houses.

All political parties and their namesake leaders fooled Indians all the while playing Black Money tunes. They are in fact all main hoarders of Black Money along with equal partners like bureaucracy and that 1% of Indian population having the most of India’s worth and wealth They are the ones for whom all laws are made and unmade, passed and bypassed, framed and reframed with an option of keeping them in deep freeze !

In the wake of this background one has to comprehend the bewilderment of Narendra Modi,Arun Jaitley and other constituents of the establishment at New Delhi to remove Raghuram Rajan by any means. With Rajan’s lame duck desire to continue for second term to complete his unfulfilled tasks and agenda, they want to create a situation where in Raghuram Rajan  eases out on his own before international economy warrants government of India to give Rajan a second term ! The latest is issue of Rajan’s citizenship raised by Swamy39.Is Raghuram Rajan less Indian than two Japanese nationals appointed to look after Japan Desk in Government of India ? Is Rajan less Indian than two Aravinds serving Government of India at the behest of ‘Super Indian’ Jagdish Bhagawati ?  The fools and ever vigilant brains  in all political parties elected Vijay Mallya unanimously to Rajya Sabha from Karnataka . Was Vijay Mallya an Indian ? He was and is a British citizen since 1992! Swamy39 was in deep slumber then as Indian democracy is !