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Showing posts from August, 2017

HARYANA CARNAGE : TIME FOR ACCOUNTABILITY & TO FIX THE GUILTY

People in general and the bhagats of any political party and Dera in particular must realise by now as to how much damage could be caused to the country in particular and the people in general due to their nexus with the criminals like Gurmeet Ram Rahim Singh of Dera Sacha Sauda. Such criminals are the partners of the political leaders for whom politics is nothing more than a business. Even the court also expressed her anguish by saying that the state govt allowed to torch the state and keep burning to serve their nefarious political end. I want the people see as to how the state has been giving VIP treatment to a rapist as ever even after declared guilty. I want the people must see as to how the guilty ministers, the political leaders as open supporters of a criminal gang are now hiding their faces to come out and face the public and the media. Modi has been touring on a helicopter with Nitish on his side to survey the flood hit Bihar and announce a relief package with seat sharing i

VIOLENCE IN SUPPORT OF A RAPIST

There has been a complete failure of Govt of Haryana, Punjab and thereby the state and central administrative machinery  to handle the pent up  situation. This is bound to happen when a criminal like Gurmeet Ram Rahim Singh of Dera Sacha Sauda is patronised by political parties - BJP and Congress both to get the support of the vote bank of devotees in the elections of Haryana and Punjab. The leaders of BJP and Congress are seen giving regular attendance to Dera. Gurmeet Ram Rahim Singh was given Z category security. Why? Who is he? Haryana  Education  Minister Ram Bilas Sharma made no secret of his proximity to Dera head Gurmeet Ram Rahim Singh. Recently Sharma visited him at the Dera headquarters in Sirsa and handed over a cheque of Rs 51 lakh as a mark of his support. Last Thursday he said that Dera Sacha Sauda followers were “simple, peace loving people” who may have gathered in Panchkula in huge numbers “ out of devotion for their guru and he did not smell violence at all. Hence

Demonetization - Mindless Economic Intervention of the Govt

In a 90% cash reliant country 86% cash in circulation became trash overnight after declaration of demonetization by the govt. Almost nine months have gone by after demonetization. Mr Modi is still not ready to accept that it was a mindless economic intervention of the govt's objective to strike on corruption. Today the prevalence of corruption is still as it is as it was in relation to cash, hawala transfers and fundings especially when the govt intends to take us towards digital economy. Banks were estimated to have received 14.97 trillion rupees (around $220 billion) by the December 30 deadline, or 97% of the 15.4 trillion rupees’ worth of currency demonetized. There is little doubt that most of the invalidated currency was returned. The way the currency has come back to the banks has proved wrong that a huge quantity of unaccounted wealth may not make their way back into the banks. This way black marketers would lose their money as they would not be able to exchange their un
IS COMMON MAN REALLY GAINING OUT OF THE ECONOMY???? It is time to evaluate as to how our economy is working and see whether common man in particular and the nation in general benefited. Is common man really gaining out of the economy? Soon all fuels - LPG gas and kerosene will be sold at market rates. Rs 87/- LPG subsidy gap will be bridged. That means customer will pay full price, ie, double of what they used to pay before subsidy began to be phased out in two years ago. So no respite from price rise and inflation is expected to continue. Common man is also hit by reduction in interest rates as small saving interest rates are progressively brought down, the 10 basis points cut came on 1st July. The rate cut was further eased to 25 basis points which appears to help no body except the govt as her borrowing cost will come down after the rate cut. For the common man 10 year investment bond will yield less than 6.5% after the cut and a vast multitude who keep their money in banks wou

HAS INDIAN ECONOMY REALLY STARTED LOOKING UP???

Prime Minister Modi spoke very high of demonetization through his 15th August speech at Red Fort last Tuesday. The fact remains that every person living in India had to experience some form of dislocation or inconvenience due to demonetization. Black money failed to come out as about 97% of the total money demonetized came back to banks. It was a wrong decision of the govt taken in haste and more eagerly keeping the state elections in mind to incapacitate the political parties in opposition to splurge cash in election campaign. True the black money is needed and stored by the political parties to spend on election campaigns lavishly. But vast majority convert black money into benami properties, gold and assets. Many non-listed organizations into informal manufacturing had to pull down their shutters. The wage laborers were out of job due to non-payments of their dues. Production declined and so the country's GDP which  plummeted to less than 7 and trending towards even below 6