In February 2018, I predicted that Modi government will restate the value of the “assets” seized from Nirav Modi’s retail stores. This is because jewellery stores mark up the value of their stocks in many ways. First, the value of non-precious items such as paint and plastics on the jewel is given the same treatment as gold when selling to the customer. When the customer wants to sell it back to the store, these non-precious items are scrapped off the jewel and only the melted gold is weighed and valued at prevailing bullion market rates. Second, depending on the market standing of the store, a “brand premium” is added to the value of the articles. In case of designer jewellery, this can be double the value of the article purchased. Third, Indian government officials pocket some of the valuables during the raids.
People should realize that the ED was quite aware of this. They were under pressure from Modi government to inflate the value of the asset seizures.
After BJP’s defeat in Karnataka, Airnoob refused to accept the reality and started raving in denial
Airnoob: Yeddyurappa’s decision to resign has the Congress foxed.
Guest: No they are not.
Airnoob: Then, why aren’t they rushing to the Raj Bhavan to form the government?
Guest: They will… later maybe
Airnoob: With only 38 MLAs they are going to wait outside Raj Bhavan.
Guest: Congress & JDS have more seats than BJP.
Airnoob: It’s an opportunistic alliance.
Guest: Better than BJP trying to poach MLAs & forming a government?
Airnoob: BJP has outfoxed the Congress.
Are we to believe the minister did not take a cut?
Everything this proposes requires more than a lakh crore. Even 1‰ of a lakh crore is 1000 crore. Everyone knows that officials collect bribes on behalf of the minister. If they get caught, they can’t squeel on the politician because they are afraid of what will happen to them in police custody. The payments are usually routed benami beneficiaries of the minister anyway.
Given the furious pace with which the Public Private Partnership (PPP) have been going on, one can assume that’s the case.
Government infrastructure projects are usually slow because the minister & the officials under him are slow to clear subcontractor & supplier bills unless their palms are greased.
It is difficult to believe this guy who received numerous favours from corporate groups such as Essar has clean hands.
He shouldn’t be minister when investigations are going on.
It is quite likely that the CDM Smith bribery case is not a one-off occurrence. It must be systematic.
In Uttar Pradesh legistlative assembly elections, BJP unexpectedly won with a majority. It was unexpected because Uttar Pradesh is one of the worst affected states where lakhs of workers (including migrant workers working in other states) had become jobless because of Modi government’s ill-advised demonetization exercise. This would not have happened had it not been for vote tampering with the EVMs.
So, Modi had no problem when the new BJP CM offered loan relief for UP farmers. Uttar Pradesh government cannot forgive farm loans unless the central government headed by Modi helps. EVM guilt made it easy for Modi to forgive loans in UP. For Tamil Nadu, they perhaps have to wait for 2050 elections when BJP may be able to form government for the first time in the state.
Fiscal prudence is good but is it consistent. Modi government launched another “U” scheme called Udaan, which offers to provide private airlines with a subsidy or free money for trips to low-traffic airports. For example, a 5300-rupee New Delhi-Shimla ticket will net the private airline 3300 rupees. The well-healed plane passenger will be able to buy the ticket for only Rs. 2000. Modi government’s defence is that this is a temporary subsidy scheme, which will be withdrawn once traffic picks up. This is unlikely to happen. Once the subsidy stops, traffic will stop. Like with Tata Motors plant in Gujarat. When the subsidy is over, the high-falooting corporate bloodsuckers just walk out. Everyone does this today. In the US, Amazon will start a new dispatch center in area if local and state subsidies and tax incentives are available. Amazon gets these rewards on the promise that it will bring new jobs to the area but its pays workers only minimum wage. When the rewards run out, Amazon packs up and leaves. Similarly, Intel started a chip plant in Israel on the back of subsidies, tax holidays and other incentives. When these ran out, Intel wanted close shop.
The Udaan scheme runs counter to what the Modi government has been saying about the railways. FM Jaitley has been saying that rail users should start paying full fares and there should be no subsidies. Poor people travel by rail. If they had money, they would take planes. It is obvious what the reason is. Private airline heads have friends in the Modi ministry. I bet some suitcases are involved.
Not the need to eliminate black money or counterfeit notes
For decades, Pakistan has been able to print Indian currency because the note design details were available with foreign companies. The new 500 & 2000 rupee notes are also being printed with the help of the same suspect – De La Rue (https://moralvolcano.wordpress.com/2013/10/15/rbis-4000-crore-rounding-off-error-scam/). So, it will not be long before Pakistan resumes printing Indian currency.
High denomination notes have been withdrawn in the past too but they were not successful in eliminating black money. The top political parties are the top beneficiaries of black money and hawala operations. It is unlikely that they will willingly seek to jeopardize the situation. With the new 2000 rupee note, Pakistan will have to print less notes. Politicians and other looters of the nation will find it more economical to hoard 2000 rupee notes.
Immediately after the withdrawal of the 500 & 1000 notes, banks sent SMS messages to their account holders to download their banking apps and use it to pay their bills instead of relying on cash.
This is the real goal of the withdrawal of the notes. Modi government wants everyone to start using the banking and shopping apps so that it becomes easy to spy on people. The American CIA is a founder/promoter of the Google corporation that makes Android mobile operating system. Most smartphones today ship with Android OS (operating system).
Android by default saves all app data to Google servers. This means they can recreate your banking login credentials and other transactions on their computers. Thus, Modi government is helping foreign intelligence agencies to spy on Indians. Android shopping apps are permission hoggers and easily gain access to personal information stored on the phone.
Another thing about the banking apps is that they are not secure. Most Indian banks are very new to technology and Internet. The quality of their websites is an indication of how good their mobile apps are going to be. (I am not in a position to comment on banking apps because I never install them or perform any financial transaction on a mobile.)
To make matters worse, wireless networks and routers are sitting ducks for bots and malware infections.
All this makes mobile a risky platform to perform financial transactions. But, cash is immune to all such problems. However, it can be counterfeited. The solution to counterfeiting is simple – just do not print high denomination notes. Pakistan has been counterfeiting 500 & 1000 rupee notes because RBI has outsourced the printing to foriegn companies. An Economic Times reporter has also brought attention to a serious scam involving the RBI in the printing of these notes, which may be the tip of an iceberg. The CBI has also mysteriously not been able to jail anyone except Telgi in the bond paper counterfeiting case. Telgi had used original paper and printing plates as the RBI security mint. Influential polticians such as Chagan Bhujpal (although caught in other cases) evaded jail.
The other problem of tax avoidance can only be solved by eliminating corrupt officials in the tax department, who have been put in place by corrupt ministers, who have been appointed by the Prime Minister. Hence, ultimately it is the Prime Minister who is the enabler of the black economy.
Withdrawal of the notes will definitely hurt cash hoarders but people with illegal riches would be smart enough to invest in offshore bank accounts and benami properties, both in India and abroad.
Forcing people to use Android banking apps makes them vulnerable to not only spying but also spyware attacks and identity theft. The reptilians in charge of the finance ministry are soaked in globalist talking points such as financial inclusion (debt trapping), monetization of agriculture (land grabbing) and all that VC-private equity terminology. No good can come off them. They don’t understand technology or security. They are institutionally corrupt and traitorous. They do not understand India and are unfit to serve the needs of its people.
This hurts daily wage earners and small businessmen who need/make cash payments on a daily basis. These illiterates can’t write cheques or use mobile phone apps. Banks have not even been able to give the first 4000 rupees to people. It will take them forever to finish KYC, documentation and give everyone bank accounts. Bank accounts are useless for illiterate, poor & old people. India is not some tiny European country. Our people need cash payments on a daily basis if they need to eat on a daily basis. Washington kool-aid crowd in the Finance ministry doesn’t understand this.
Modi faces nationwide riots if limits on cash withdrawals are not lifted. These limits are illegal and will be lifted by any Supreme Court bench. The government can place limits only if cash balances in individual savings accounts are identified as black money. A blanket ban on cas is unconstitutional.
On the to-do list of globalist stooges, not a unique Modi “masterstroke”
The CII (Confederation of Indian Industry) hailed it as a masterstroke, which is a testament to how poorly informed corporate India is or how servile it is to those in power. Many developed countries have abandoned high-denomination notes.
It took several decades for the US government to accept a link between tobacco and cancer. It will take many more decades to prove the link between wireless radiation and cancer. Unfortunately, by then, human civilization would have gone past Idiocracy (the movie) state and reached the Planet of the Apes state.
US government will go to war on a mere suspicion that the leader of some oil-rich country is harboring thoughts of acquiring nuclear weapons. Citing non-existent terrorists, they will ask citizens in their country and outside to give up their rights for the “greater common good.” But, when scientific studies suggest a possible health risk to the population, they prefer to look away.
The National Institutes of Health (NIH) of the US government had formed the National Toxicology Program (NTP) to conduct a large-scale study on the link between cancer and mobile phone radiation. The preliminary results indicate that there may be a risk of cancer for phone radiation. Scientific American says:
The researchers found that as the thousands of rats in the new study were exposed to greater intensities of RF radiation, more of them developed rare forms of brain and heart cancer that could not be easily explained away, exhibiting a direct dose–response relationship. Overall, the incidence of these rare tumors was still relatively low, which would be expected with rare tumors in general, but the incidence grew with greater levels of exposure to the radiation. Some of the rats had glioma—a tumor of the glial cells in the brain—or schwannoma of the heart. Furthering concern about the findings: In prior epidemiological studies of humans and cell phone exposure, both types of tumors have also cropped up as associations.
In contrast, none of the control rats—those not exposed to the radiation—developed such tumors. But complicating matters was the fact that the findings were mixed across sexes: More such lesions were found in male rats than in female rats. The tumors in the male rats “are considered likely the result of whole-body exposure” to this radiation, the study authors wrote. And the data suggests the relationship was strongest between the RF exposure and the lesions in the heart, rather than the brain: Cardiac schwannomas were observed in male rats at all exposed groups, the authors note. But no “biologically significant effects were observed in the brain or heart of female rats regardless of modulation.” Based on these findings, Portier said that this is not just an associated finding—but that the relationship between radiation exposure and cancer is clear. “I would call it a causative study, absolutely. They controlled everything in the study. It’s [the cancer] because of the exposure.”
– Major Cell Phone Radiation Study Reignites Cancer Questions; 27 May 2016; http://www.scientificamerican.com/article/major-cell-phone-radiation-study-reignites-cancer-questions/
Even before the news trickled out, the media has been flooded with articles asking people not to freak out. They are also muddying the debate by taking cheap shots at sellers of radiation shields and other such products.
The industry propagandists hide their affiliation by adding a non-disclaimer disclaimer to the article – “Views expressed in this article are personal.” Apart from them, there are sellouts from the medical/scientific profession who have been encouraged write articles and even maintain entire websites and blogs to propagate the idea that cell phone radiation is safe. All of them cite prestigious organizations such as WHO and Mayo Clinic as having cleared cell phone radiation. Unfortunately, most “studies” are just surveys made on other studies. The original studies have serious limitations and/or are not conclusive enough.
The World Health Organization (WHO) formed International Agency for Research on Cancer (IARC) to study the issue. IARC designated that cell phone radiation was possibly carcinogenic. Possibly under pressure from telecoms, WHO later announced that there is no link. It currently has a study to be released this year that will conclusively prove/disprove the link.
The propagandists are not above making false statements or making wrong conclusions. This hack from Business Insider says that rats were exposed to radiation levels that do not correspond to those exposed to humans. With all the Wi-Fi and mobile data (2G/3G/4G/5G) networks connecting all the apps (that report back to home base all the time), Bluetooth devices, smart watches and bands including the hyped-up Internet of Things (IoT) coupled with the equally hyped-up Big Data, the rats would have got comparatively less radiation. One of the most abominable views espoused by them is that the mobile phone waves, which can pass through buildings and underground, cannot get below the skin!
If it is 100% sure that there is no risk of cancer for wireless radiation sources, then why do government websites still carry precautionary measures against cancer. These pages should be removed.
Scientists and doctors are having a tough time with demands to provide unassailable “SCIENCE-BASED” conclusions. For now, they are citing studies that show no link while advising people to take precautions. Propagandists meanwhile will laugh all the way to bank.
Just in time for dubious financial products (a la Wall Street) from the new “Payment Banks”!
In an era of competitive currency devaluation, lowering interest rates would be stupid.
But, greed spares none.
In a low interest rate regime, there will be no point in investing in government securities or other fixed rate instruments. So, even conservative players such as government bodies, insure companies and regular Joes will be forced to invest in these dubious financial products that had already been seen as causing systemic destruction in 2008.
Oxford grammar has dropped interjections from parts of speech! Have Britons really become a nation of drunks in permanent stupor-hangover, as some news reports allege?
It all started with the question what a subject and a predicate were. That’s how state board books in India start with English grammar. My new Oxford grammar book was of no help. So, I went and bought a copy of the venerable-old Wren and Martin “High School English Grammar & Composition” today. This is a book that has been in use for several decades by students of English in India and other British colonies. It is like Dondo Moden French Course, which is a humble textbook published by Oxford University Press and used all over the world to learn/teach French for over a century.
When I was in school, I never owned one but my friends used it. Even though I was surprised they would spend actual money to buy a grammar book, I found the book worthwhile before exams as it had more grammar exercises than the one prescribed by our school syllabus. My friends also bought the key to the book and it was useful to cross-check our answers!
S Chand had made several revisions to the original text. There are now two editions – one illustrated and the other is not. I bought the illustrated one. The paper quality (recycled) is not as good as it was IN THOSE DAYS but the color illustrations were a surprise. I did not buy the Key to HSEG&C but it is available. (The Dondo book also has a “key” book for its exercises.)
The Oxford grammar book bears no resemblance to the grammar used in Indian school textbooks. Oxford grammar seems to be an example of the control-freak mentality that has ruined several disciplines. The US Department of Defense would call a pencil as “portable handheld graphite communications inscriber”. They obtained a permanent place in management books by famously ordering toilet seats for $600 per piece. One of their studies revealed that 50% of their software projects were never delivered and one-third of delivered projects were never used. These inefficient and corrupt fools then bypassed the whole issue by asking Carnegie Mellon University for a solution. Those morons came out with SEI CMM (Software Engineering Institute Capability Maturity Model). This was adopted by industry without question and for years experienced project managers were denied jobs because they did not have training or experience in SEI-CMMM. It is only in recent times that people have realized that the whole thing was stupid and a waste of everyone’s time. Even before they got rid of this ghost, it was periodically harmed by hysteria such as agile, stack ranking, frameworks, and other common-sense alternatives.
In my CBSE high school grammar book, there were 9 parts of speech and they began with the articles a and an. In the W&M, (at least it seems to be now that) articles are part of adjectives. That’s fine because they also describe a noun just like other adjectives. In the Oxford grammar book, interjections have been eliminated, and articles and other forms of adjectives have subsumed in to what are called as determiners. Ouch! Why did they even bother? All of these so-called determiners are just adjectives!
Anyway, S Chand says it is the oldest and biggest publisher of educational books in India. (Textbooks in India are bigger than other forms of publishing.) I am not sure if S Chand is as big it once was. There are definitely a whole lot more publishers now.
The reason I went for W&M was the poor language and grammar that I found in the state board school textbooks. Using the Oxford grammar book was out of question. In India, W&M English rules. The Oxford book tried to be easy while being detailed but failed in both. W&M is simple and makes sense.
So, why are schools using these substandard textbooks? It is a long story. When I was in school, we had English reader and non-detailed books published by Orient Longman and Gulmohar. (After our school got affiliated with CBSE, we switched to several NCERT/CBSE books.) After Longman was purchased by Pearson, Orient Longman changed name to Orient Blackswan. Gulmohar is now an imprint of Orient Blackswan.
I was also looking for a maths textbook and found that prices from big publishers were way above what lower middle class people can afford. (The textbooks are mainly targeted at CBSE and ICSE students.) The substandard English textbook used by my kid’s school as part of Karnataka State board is priced at just 70-80 even though it is in full color. The Orient Blackswan textbooks are above 200 and I am not even sure if it was in color.
I did find a better quality maths textbook by one publisher Bharti Bhawan priced at 100 but their books are devoid of color. The authors have retained the copyright with them and the publisher has not even have left their website or email address in the book.
The problem with these publishers may be that they print the books in Delhi where costs could be high. There is only one place in India where you can publish high-quality books in full color at a very very low price and that is Sivakasi, the place in Tamil Nadu from where all the Diwali fireworks come.
So, my advice to all these Delhi publishers is to visit the factories in Sivakasi and ask Delhi printers to match the price.
Established big-name Indian textbook publishers should also focus on state board student textbook market. They need to first cut their price. Sivakasi can help with that.
Pearson has been buying up all independent textbook and educational publishers. There are very few independent educational publishers left. (Have you noticed beloved Camlin stationery company is now part-owned by Mitsubishi Pencil) They have also put their people in the United Nations and are imposing their coursework on all over the world. Bill Gates has also jumped on their bandwagon and want all school teaching to be transferred online (on Microsoft Azure cloud running Pearson e-learning, of course). It is a bad omen if the fox is licking the lambs, as Navjot Sidhu once said.
Pearson-Microsoft’s product is called Common Core and this is being imposed on schools all over the United States by the Obama government. The Common Core system is also being imposed on schools all over the world via the United Nations. People from Pearson-Microsoft meet the top officials of school boards and their Common Core curriculum gets imposed down the line without any consultation. Parents, teachers, students, and school administrators have all bitterly complained about the Pearson-Microsoft product but the relentless assault on the traditional form of school learning goes on unabated. The Common Core curriculum has been faulted for dumbing down education, overloading school administration with non-teaching staff while pushing more computer sales, software licenses and cloud contracts.
- How Microsoft will make money from Common Core (despite what Bill Gates said) (http://www.washingtonpost.com/blogs/answer-sheet/wp/2014/07/12/how-microsoft-will-make-money-from-common-core-despite-what-bill-gates-said/)
- Gates and Pearson Partner to Reap Tens of Millions from Common Core (http://blog.heartland.org/2014/11/gates-and-pearson-partner-to-reap-tens-of-millions-from-common-core/)
Pearson is so sure about its education market fortunes that their are shedding Financial Times newspaper and Economist magazine (Economist claims it is a newspaper on the cover) to focus on its core incompetency.
Don’t think India will not fall under their global sweep. Already, the former DMK government has taken the first steps in Tamil Nadu. They called it Samacheer Kalvi, which is the exact Tamil translation for Common Core Education.
Piyush Goyal is a A Raja clone! Nothing much has changed from Manmole’s time.
The InfraLive magazine (www.infralive.in) is not a magazine that you can get easily from your local newstand but they covered the scam in great detail. The coal linkage plan reads like it was written by the power producers, not by the coal ministry or even a government official.
In this letter sent to the Coal India Limited (CIL), the Indian coal ministry has asked it to continue to supply coal to Thermal Power Producers at knock-down prices that they were able to lock on under Manmohan Singh government. Now, Piyush Goyal has asked CIL to continue supplying the coal at the same price. Yes, there is a line that says the savings may be required to be passed on to consumers but consumers have seen bill rates go up, not down.
On the Times Of India, the news originally appeared in a small column.
When reading about the coal scam in the book by the former CAG’s Vinod Rai, one can see that nothing much has changed under Modi.