Re: [IAC#RG] CHIDAMBARAM’S SILENCE ON CORRUPTION RIDDEN GOVERNANCE

Hi

I have going through your mails regularly and some of them are really good and hope they are giving you desired results.

 Here I need to raise a doubt I have in mind regarding RBI and banks . In last 10 years I have watched time to time RBI raising interest rates thereby affecting the EMI payer , the banks are under obligation in utrn to raise the EMI of the borrower, but when the RBI decreases the interest rates there is no compulsion for the banks to decrease the same. The end result is in last 10 years the EMI has increased by 100% and the borrower is endlessly paying to the bank with the number of years of EMI increased and the amount increased. The borrower is literally the tenant of the bank. 

On Tue, Aug 27, 2013 at 8:09 PM, Venkatraman Ns <nsvenkatchennai@gmail.com> wrote:

 To

India Against Corruption

                   CHIDAMBARAM'S  SILENCE  ON CORRUPTION RIDDEN  GOVERNANCE

 Replying to the debate in parliament on  27^th August , P.Chidambaram   blamed  several external factors   as well as the judiciary's  "interference"  for the country's  economic mess  , as if  he has no  responsibility .   He  made  empty promises  like curtailing current account deficit,  boosting manufacturing sector  etc.  without really explaining  why he has not done this all these years and how he would do it now which  the UPA  has not done during its governance.

The real grim fact which he conveniently ignored  is the widespread corruption in the governance by UPA government, resulting in siphoning of thousands of crores of rupees  by unscrupulous ministers ,  politicians  and bureaucrats and associated business men , which resulted in coal scam , 2G scam, Commonwealth scam  etc. etc. Money meant for development  projects  are now largely in the pockets of unscrupulous people forming part of this government  and Finance Minister has nothing to say about this as this will amount to blaming himself.

He   indulged in empty  rhetoric  asking  why should we import  coal . The country  is forced to import coal because of the coal scam of the government.   Are we not paying a huge price  for the corruption  ridden  governance led by Manmohan Singh ? 

N.S.Venkataraman

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