Raghuram Rajan, RBI – The Good, The Bad, The Ugly

Ravinder Singh

To presidentofindia@rb.nic.inmanmohan@sansad.nic.inspeakerloksabha@sansad.nic.in and 35 More…

Today at 1:46 PM

Raghuram Rajan, RBI – The Good, The Bad, The Ugly
August12, 2014 (C) Ravinder Singh ravinderinvent@gmail.com

Raghuram Rajan has meekly raised the ISSUE and not Directly pointing
to the malpractices of CRONY CAPITALISM.

A Company invest Rs.10,000 crores in a foreign company FUNDED by
Public Banks Deposits that has $300b worth of Coal Deposits and after
few weeks Sell This Acquisition to 100% Family Owned Company –
Secretly Without Public Knowledge.

Thus with PUBLIC MONEY Mr. A Acquires 100% Ownership in an Australian Company.

Invariable Indian Company doesn’t have Coal Mining Experience or
Registration yet acquires $300b worth of Coal practically free.

It is also reported COMPANY inflated Capital Cost by 20% when Equity
required to Own 100% of Company is similar amount requires 20% for
Power Plants. These Power Plants shall produce $1000b Worth of
Electricity in retail value.


People of India get practically nothing in this TRANSACTION – GOI also
doesn’t TAX such FRAUDULENT Transactions. But people of India and
depositors don’t get the Similar Benefits. When we sell a Property and
to avoid Capital Gains tax buy another Registration Cost of Sold and
Bought property is substantial and Property Dealers through CARTEL
leads to VITRUAL TAX OF 20%.

Why Is There No REGISTRATION tax when Companies are Bought & Sold?

But even More Shocking ‘THERE IS NO WEALTH TAX’ Ambanis were Worth
$93b in 2007 but had not paid any wealth tax when they owned $4000b
Worth of Natural Resources.

‘Direct Cash Transfer’ too is Lame Duck idea. We don’t give our people
JUST & FAIR wages, Don’t Give Them Bank Credit, 80% People Depend On
Moneylenders who charge 36% to 120% interest but start REFUND
collection from day One or Weekly and Monthly Basis.

Can RBI stop Corruption in Engaging Labor or Issue of Ration Cards?
Can he prevent Musclemen of MONEYLENDERS from GRABBING the money
transferred in beneficiary accounts?

RBI discriminates against PUBLIC – if I want to take BANK LOANS
AGAINST FIXED ASSETS – we are asked to provide Detailed Project Report
– Qualifications and Patents are no valued and very difficult to get
loans, but Obviously If we FORGE documents it is Easy. Why Can’t
Professionals Get Quick Loans for Projects in India & Abroad?

What is the LOGIC of advancing 100% Housing Loans 3-8 Years Before
Buildings are Delivered and also allowed Rs.200,000 annual Tax Rebate
before Occupation of Flats.

Ravinder Singh, National General Secretary.
Sabka Bharat Mission 2019
Y-77, Hauz Khas, New Delhi -110016
Ph: 9650421857, 9718280435


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