HiI 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 27th 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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Wednesday, August 28, 2013
Re: [IAC#RG] CHIDAMBARAM’S SILENCE ON CORRUPTION RIDDEN GOVERNANCE
I share the concern/woes of Mukta Rae. This is not the complete story. Please also read.
Yesterday (27 Aug, 6 PM, New York Time), Zee News reported Re breaches 66 level. (Talented) FM appears in his unruffled mood, tries to put blame on the global economies & ends by saying that we are doing our best and the Re will find its "Appropriate level" without defining what that level would be. This morning (28 Aug, 9.30 AM, NY time), the same Zee News channel reports Re breaches 68 level and says that the economy is worse than what it was in 1991. Zee channel also reported that the Govt/RBI is now planning to eat into our gold reserves (mortgage of 500 tons of gold, hope I heard correctly, against a reserve of 31000 tons). In 1991, only 76 tons of gold was mortgaged. Why not get the black money back instead of mortgaging gold? Isnt it shocking? But Mr Chidambaram keeps saying there is no reason to panic. Is he not misleading the nation by making such statements? I support Mr NS Venkatraman wholeheartedly to demand FM's resignation. Secondly, the Lok Sabha passed Sonia's pet bill "Food Security Bill" covering 67% population under it against only 22% below poverty line. This will hit our economy badly. Every one cries hoarse but only AIDMK votes against it indicating thereby that no party wants to lose votes. All the parties also join hands to nullify Supreme Court ruling against rogue politicians and agree to sink their differences when it comes to amending RTI Act to hide their wrong doings in their hidden accounts.Where are we heading?
And inspite of all this, Congress/UPA may again come back by using pseudo-secular card (by creating fear in the minds of minorities) and because of ill gotten money to buy poor man's vote. Are you doing something about it? It is not only your vote which will matter, you need to reach out to poor people to guard against their votes being sold.
Mere discussions will not help. We need to sincerely act.
Regards.
Veteran Tanpat Pannu
On Wed, Aug 28, 2013 at 4:42 PM, mukta rae <mukta.rae@gmail.com> wrote:
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