Saturday, February 22, 2014

100 POSTULATES OF DEBT RECOVERY THEORY

100 POSTULATES OF DEBT RECOVERY THEORY 
CONCEPTS & EXTRACTS IN HINDUISM By ::  Pt. Santosh Bhardwaj 
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(90). DIGITAL TRANSACTIONS :: Digital transactions invite various types of avoidable services charges and taxes. A Re. 100 note will have the same value in spite of numerous cash transactions, but it will invite 2.5% commission to service providers like paytm or Jio Money etc., benefiting them with each and every transaction.                             
Debit Cards charge between 0.5% to 1% to the retailer or money receiver for every transaction.
Credit Cards charge between 1.5%-2.5% to the retailer of the money receiver for every transaction.
Paytm, Free charge or Jio Money and other E-wallets charger 2.5% -3.5%, when one want to transfer his e-wallet money into his bank a/c.
RBI data shows that every month around 2.25 Lakh crore; Annually Rs 25 -30 Lakh crores is withdrawn through ATM's across India. And it is estimated that along with bank withdrawals, a total of Rs. 75 Lakh crore is withdrawn from both banks and ATMs on a yearly basis. All this is accounted, tax-payed money, which is withdrawn from banks. Currently, just 3% of transactions are in electronic mode.
If this Rs.75 Lakh crore is converted into a cashless economy, the companies will earn at least Rs. 75 Lakh crores times 2% average, on an average of Rs 1.5 Lakh crore per year. 
It clearly shows that some one in the government is hand in globe with the corporate houses at the risk-cost of poor and middle class. It is a fall lout of Demonetisation meant to curb black money.

Majority of the Indians are poor and keep their hard earned money in the banks just to earn some interest and utilise the money at a time need, children's education, building a house or marry their daughters. The banks offer credit to the people like Vijay Mallya for betting from the money earned through small deposits made by the poor.
(89). FOREIGN EXCHANGE :: One has to visit his family abroad. He is compelled to buy foreign exchange. The banks are just paying Rs. 46/= when they buy and charge Rs.50.50 when they sell, for one Australian dollar. Now, you are here in Sydney and see that the bananas, which are available for Rs. 50 per dozen around, 2 Kg. in weight, are available for 3.40 dollars per Kg. in whole sale market. Tomato 10 dollar per kg. in Australia, while in India price is Rs. 20 per kg. Ginger sells at 15 dollars per kg. in Australia while it sells for Rs.30 per kg. in India.The difference is astronomical. Except for a few commodities, this is the case with almost every commodity. It reflects unreal prices and manipulated exchange rate. As a matter of fact almost all mercantile are cheaper in India than Europe, America and Australia. One had almost the same experience in America. In India, the markets are rigged and the producer & the manufacturer are looted. Almost every saleable good is under the controlled price regime! None of the theories propounded and taught by the so called economists, explain this. The demand and supply mechanism fails when the onion bought for fifty paise per kilo in Nasik or Indore is sold for Rs. 20 per kilo in Noida-Delhi-NCR. People prefer trading due to this reason, only. The markets are flooded with Chinese inferior goods. There was a time when Indian goods fetched a premium in entire Europe.[05.06.2017]

(88). Air India has mounted losses and debt of more than Rs. 46,000 crores despite several the write-offs and is still existing, serving the VIP's, MP's, ministers at the coast exchequer, tax payer. Former prime minister utilized its services and dues are still to be cleared by the government. Modi too enjoyed the privilege and the mounted losses continue to soar. Why can't the government use air force planes for serving the prime ministers?! The legacy of Nehru and the communists of Russia is still haunting the country.[14.05.2017]
The government should consider the sale of AIR INDIA as early as possible. Inefficiency, corruption, poor services, delay and unfriendly staff are the common features of this sagging air line. During previous regime a scandal took place in the purchase of air crafts amounting to 70,000 crores.[05.06.2017]
FAILURE OF THE THEORIES OF ECONOMICS :: 
(1). India has witnessed a peculiar situation of high prices in spite of bumper crops. It had been happening with respect to onion, sugar, tomato and potato earlier. Now, it can be found in case of pulses, wheat flour, wheat, gram etc. The vegetables are selling between Re. one and 1/2 rupee in the whole sale Mandi-market, but the prices are near Rs. 20 and above for each and every vegetable. The farmers are found unloading their vegetables over the road or distributing them free. There is glut. All theories of economics Monopoly, Duopoly & even Oligopoly fail to explain this phenomenon. Last year there were plenty of stocks of pulses like Arhar-Tur Dal and yet it started sky rocketing suddenly, touching the peak prices of Rs. 200 per kg. Government opened imports with reduced import duty and the prices have crashed to Rs. 50 per kg now. This month the prices of sugar are rising steadily and have touched Rs. 55 per kg during the sugar season.
The government is silent over the issue and comes into play only when situation goes out of control.The Minister for food and civil supply is from another associate party (संयुक्त  दल) who led to the fall of government under Atal, earlier. 
The government has support prices for each and every category of farm produce in India. The MP government abandoned this practice of buying onion at Rs. 6 per kg support price.These support prices too hinder with the free market mechanism. There are imports of farm produce, when they are not at all needed. The government allows the export when the prices have started rising. The government is unable to save-protect its buffer stocks from pests, rains, floods. The mechanism of food subsidy often interfere with the free market. Subsidised merchandise is diverted to open market by the unscrupulous-fraudulent traders.
Earlier, when Sharad Pawar was a minister in UPA government he announced that the prices of sugar could rise and over night the prices escalated to Rs.44 per kg from existing Rs. 28 per kg in retail market.
Mother dairy is playing a dubious role in the unreasonable prices of vegetables and milk. Local vendors take the prices fixed by it which are often twice or trice the whole sale market in Delhi and four to five times the prices in Nasik Mandi. During November-December one had a chance to visit Big Bazaar and there was a big surprise pertaining to potato pricing. It was selling nearly double the rates of retail market in Noida. Mother has failed to maintain standards pertaining to maintenance of its outlets and quality of vegetables, it sells. Generally, the prices of vegetables are 30-40% higher than the retail market. If there is scarcity then how and why are there hundreds of sellers selling the same commodity at escalated prices!? The Saturday vegetable market has 10-15 stalls selling same commodities, which clearing points to rigging and manipulation of prices.
The government wakes up and comes into action only when the prices have shot up and the hoarders have made huge gains. The mechanism for stocking and storing is dubious-doubtful and undefined. The stock limits are fixed arbitrarily & unreasonably. The government is run by so called economists like Man Mohan or Jaitly. [30.01. 2017]
(2). So called economists like Man Mohan Singh & Amarty Sen; who called demonetisation as a disastrous step, have been proved wrong. Opinions expressed by the world bank and international rating agencies have also been rejected by the Indian population. The present growth rate standing at 7% is a proof of it. Some biased critics called the 7% growth rate as a manipulated one. If it was manipulated then the projections made by the previous UPA governments over the years, were certainly false-fraudulant and crooked. Stupids like Rahul have their voice against it due to the obvious reason-staked black money. Mamta's guns have fallen silent now, but Maya is still crying foul though she has been caught red handed depositing millions of illicit-black money in banks.[05.03.2017]


(86). During the UPA's tenure Adani and Ambani's Reliance were granted loans worth Rs. 72,000 crore & Rs.1,13,000 crore, respectively. The process of the recovery of these huge loans started during the tenure of Modi, only. It was Congress which distributed loans not to be recovered back, to its stooges. Mallya and Lalit Modi too were the beneficiaries of the Congress hospitality due to obvious reasons. What is curious is that till today no one is blaming Man Mohan for the frauds, bungling, misappropriations, scandles!? If the person who headed the government was not guilty-responsible, then who is guilty? Man Mohan is a coward pet of the Sonia-Rahul combine. He should be held solely guilty for all the misdeeds of congress. One who should have been in the prison, dares nasty speeches in parliament.[24.12.2016]
(85). CHARITABLE TRUSTS HOLDING BUSINESS EMPIRES FOR PROFIT :: There are several charitable trusts which are controlling large business empires like Tata & Birla. There is no logic or ethics involved in permitting such a proposition in India or else where. The basic objection is misuse of tax-exempt status-clauses.The laws needs immediate redefining.[18.12.2016]
(84). EXISTENCE OF PARALLEL ECONOMY IN INDIA :: After demonetisation there are cases of return of labours to there villages-roots, lack of business, falling vegetable prices, large scale diversion of new currency notes to hawala dealers, black marketers, gold smiths, hoarders, criminals and with those who have a political clout-influence-connection, brokers etc. Prices of pulses have stabilised temporarily. But the existence of long ques at the ATMs and failure to tender new currency, clearly shows that the new currency is being diverted to those who runs parallel economy in India and else where, with connections in India. The governments bid to popularise digital payments lacks proper timing & educating the masses. When the masses are hungry over cash for their petty needs, the timing is improper and ill conceived. This clearly shows failure of finance ministry, banks and the Babudom to ensure smooth transition. 90% of Indians are functionally illiterate with the use of electronic appliances viz. laptops, internet, debit cards-credit cards, online payments and thousands of functions over mobile. More than 60% Indians are functionally illiterate. Its not possible to curtail the enthusiasm with which Modi implemented the drive. As soon as one hole is plugged, hundreds new ones open up. Even the policemen are in league with the currency cartels-mafia.Will the government act to check this menace of parallel economy?![09.12.2016]
(84.1). It is the pay back time for those corrupt bank-post office officials, who were appointed during the corrupt Congress regime. They have obliged their former bosses by accepting old currency notes and issuing new ones, without proper proof-authentication. The RBI should ask the details of each and every transaction made in the conversion of old notes, since each and every one had to give his identity proof. Modi should take into account overtures of Mamta & Kejriwal since they are making too much noise, sitting over the black money piles.[02.12.2016]
(84.2). On 16.12.2016 one had to visit NDMC HQ and found that the 4 ATM's operating in Regal building did not have more than 9 people in any of the ques. Then, there were Allahabad Bank and SBI in the neighbourhood  of NDMC HI, having no ques. There is a post office in one's neighbourhood and there were hardly 5 customers and it took hardly 5 minutes to withdraw cash. However the Citizen's Cooperative Bank in front of the house is not able to render money. One was forced to transfer money to Post Office. It appears that the public is suffering from a phobia-impatience and the opposition parties along with the corrupt, too are sponsoring long ques, to obstruct Modi to function smoothly.[18.12.2016]
(83). Traders, black marketers, hoarders are unwilling to change Rs.2,000 note. One can not buy grossery, milk, vegetables for non availability of small currency notes. The house wife who used to save (कोरचा करती थी, घर वाले, बच्चों से छुपाकर बुरे वक्त के लिए रखती थी) for difficult times is forced to put her money in the bank. Those who had money in the house for medical treatment are also forced to make deposit in the bank. The children who migrated abroad and left some money for their parents, too are facing distress. New methods are being invented by the hawala operators.The genuine saver too is under stress. Rs. 500 notes are not visible in the market or the ATMs. Banks too force people to accept Rs. 2,000 notes.No doubt, use of internet & mobile is increasing but what about those who passed class 8 and are still unable to read or write!?In spite of extremely good intentions Modi model failed provide relief to the common men. AAM ADMI-KEJRIWAL IS VERY SAD SINCE HIS 200 CRORE ARE JUST GOING TO BE WIPED OFF.[3011.2016]
(82.1). नोटबंदी से लेबर के अच्छे दिन आ गये हैं; बल्ले-बल्ले हो गई है। ठेकेदार 50 आदमी सप्लाई करने का 500 रुपये हर आदमी के हिसाब से ले रहे हैं। लेबर काम पे ना  जाकर लाइन में जाकर बैठ रही है। उनकी औरतें भी यही कर रहीं हैं। लाइन में अपना नम्बर छोड़ने के मजदूर 300 रुपये ले रहे हैं।  दूर-दूर तक पढ़े-लिखे लाइन में नहीं दिख रहे हैं। बंगाल में शारदा घुटाले की रकम जन-धन में जमा हो रही है। ममता ने गरीब के साथ बड़ी ममता दिखाई है। कर्नाटक की काँग्रेस भी पीछे  नहीं है। जन-धन खातों में 21,000 हज़ार करोड़ से ज्यादा जमा हो चुका है। यह पैसा पहले कहाँ था?!सारे घोटालेबाज़ खुल के मोदी के सामने आ गये हैं। हर वो आदमी जो नोटबंदी के खिलाभ है, घोटालेबाज़, कालाबाजरी, काली कमाई वाला है, खुलके सामने आ गया है।
(82.2). बैंक के चपरासी से लेकर मैनेजर तक, सबके अच्छे दिन आ गये हैं। 10% से लेकर 50% तक लेकर काली कमाई सफेद कर रहे हैं। पब्लिक जाये भाड़ में। [24.11.2016]
(78). BLACK MONEY :: Modi government has with drawn Rs. 500 & Rs. 1,000 currency notes in its bid to recover black money & to curb (नियंत्रण) the menace of IFCN-Indian Fake Currency Notes.
(78.1).One found serpentine ques of the people waiting to exchange old notes out sides the banks and post office which did not sufficient notes to change. The banks lowered their shutters much before 5 PM.
(78.2).It is surprising that most of those standing in ques are labourers or low earning people. Where have they brought so much money in high denominations?! Why did they not deposit the money in banks or post offices?!
(78.3).The factory owners have deputed their staff to go the banks & post offices with old notes to exchange.Some factory owners have become liberal by giving bonus to the employees in the form of these notes as bonus.
(78.4).Their numerous instances where notes were found spreading in drains. Gunny bags full of notes, cut into small pieces have been found on the roads. 
(78.5).There are instances where the notes are being burnt.
(78.6).People like Kejriwal, Maya, congressmen,  Owaisi are criticising the government action since they have trillions of such currency notes. Owaisi is threatening the government of creating riots all over the country clearing the suspicion that he is an anti national.
(78.7). Huge sums of money are being deposited by the unknown people in dead accounts accounts. [13.11.2016]
(78.8). Black money is stashed up not only in Swiss banks, but also in the cooperative banks in Kerala. The Income Tax department discovered that the cooperative banks held black money to the tune of Rs 30,000 crore in their accounts. The cooperative banks had refused to divulge the details of these account-holders to the department. Under Kozhikode circle, the department has seized about Rs. 150 crore black money this year.
(78.9). SARADHA SCAM-PONZI DEAL money remained undigested by the scamsters (घोटालेबाज) under the patronage of Mamta. She utilized some of it for buying votes in the state elections. Millions are pouring out in remote villages in Bangal. She along with Kejriwal is crying bitterly.[13.11.2016]
(78.10). Builders are not willing to change. They are demanding cash along with cheques. You know that they do not issue receipts for cash. The clerks in the registrars office, too do not issue receipts for the extra money collected by them at the time of registration of the property. The senior most officials in the district discard the proofs saying that the booty goes to the uppermost level in the state. Almost everyone in opposition; is opposing Modi for this right step enjoying vide public support, due to obvious reasons. People have already started printing fake Rs. 2,000 notes. Pakistan has already taken steps to ensure that IFCN are printed in Pakistan and circulated in India through ISI net work. It has provided an opportunity to Mamta and the communists come over the same platform while Maya & Mulayam too are trying speak in the same voice-tone.[14.11.2016]
(78.11).There are the people who have been hired for standing in the ques for exchanging notes either on commission or daily wages basis.[15.11.2016]
(78.12). Money is pouring into dead-inoperative Jan-Dhan accounts, municipalities and the cooperative banks. People are using black money to pay taxes now. Cooperative banks are issuing fixed deposit receipts and demand drafts in back date and are engaged in money laundering business in addition to some private banks. Several banks like ICICI, HDFC and AXIS are found converting black money into white, through innovative means. Children below 16 are seen with photocopies of their ID standing in the queues for exchanging notes.[17.11.2016]
(78.13). BITCOINS (अंकीय मुद्रा) :: This is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. It has become a hot commodity among speculators-black money generators. 
Bitcoins free
The "Bitcoin" represents the virtual currency system while "bitcoin" represent the currency it self, which can be bought online, transferred or stored. 
This cryptocurrency and a payment system was invented by an unidentified group of programmers, under the name of Satoshi Nakamoto. Bitcoin was introduced on 31 October 2008 to a cryptography mailing list and released as open-source software in 2009. The transactions take place between users directly, without an intermediary. Its digital login-transactions are verified by network nodes and recorded in a public distributed ledger called the block chain, which uses bitcoin as its unit of account. Since the system works without a central repository or single administrator, the U.S. Treasury categorises bitcoin as a decentralised virtual currency. 
In February 2015, the number of merchants accepting bitcoin for products and services passed 100,000. The central banks have warned the public against the use of bitcoins.The European Banking Authority and other sources have warned that bitcoin users are not protected by refund rights or charge backs. The use of bitcoin by criminals has attracted the attention of financial regulators, legislative bodies, law enforcement and media. Criminal activities are primarily focused on dark net markets and theft. Officials in countries like United States  recognise bitcoin as an alternate mode of  legitimate financial services.
The "block chain" is a public ledger that records bitcoin transactions. A novel solution accomplishes this without any trusted central authority. Maintenance of the block chain is performed by a network of communicating nodes running bitcoin software.Transactions of the form payer X, sends Y bitcoins, to payee Z which are broadcast to this network using readily available software applications. Network nodes can validate transactions, add them to their copy of the ledger and then broadcast these ledger additions to other nodes. The block chain is a distributed database to achieve independent verification of the chain of ownership of any and every bitcoin (amount), each network node stores its own copy of the block chain. Approximately six times per hour, a new group of accepted transactions, a block, is created, added to the block chain and quickly published to all nodes. This allows bitcoin software to determine when a particular bitcoin amount has been spent, which is necessary in order to prevent double-spending in an environment without central oversight. Whereas a conventional ledger records the transfers of actual bills or promissory notes that exist apart from it, the block chain is the only place that bitcoins can be said to exist in the form of unspent outputs of transactions.
More & more Indians are taking to this system after Note Bandi. They are using the system for hawala transactions and generation of black money. Criminals, corrupt politicians & bureaucrats too are using the system.[06.01.2017]
(79). The government has trillions in the inoperative EPF/PPF accounts.The employees could not withdraw money since the signatory was dead/resigned from service, not available due to the closer of the company or some other reasons, one of which is termination from service and the employers desire to trouble-torture the ex-employee. The government has all the necessary information like the residential address, phone number, bank accounts numbers, PAN card etc. of the beneficiaries but still it is in no mood to refund the money.
आम आदमी पार्टी विधायक करतार सिंह तनवर के पास से, करीब 130 करोड़ की ऐसी आय और इन्वेस्टमेंट को पकड़ा गया है; जिसका कोई हिसाब-किताब  मौजूद नहीं है।
नोटबंदी के फैसले के बाद हवाला कारोबार में 80% तक गिरावट आ गई है। इंटेलिजेंस ब्यूरो (IB) के मुताबिक 3 दिनों के भीतर खाड़ी देशों और कश्मीर घाटी के बीच एक भी हवाला ट्रांजैक्शन सामने नहीं आया है। रिपोर्ट बताती है कि ब्लैक मनी बाहर लाने के लिए नोटबंदी का फैसला असर दिखा रहा है। अंडरग्राउंड हुए हवाला ऑपरेटर्स अंडरग्रॉउंड हो गये हैं। [17.11.2016]
(80). BENEFITS OF CURRENT PHASE OF DEMONETISATION ::
(80.1). Considerable amount of fake currency will be out of circulation in one stroke. This is probably one of the greatest change that is taking place. This is exactly the reason behind this uproar, this madness from media and politicians, of course they are supported and backed by anti Indian forces. Leaders & economists all over the world including Pervez Musharraf of Pakistan have praised this bold step.
(80.2). Cash to create chaos and terror lying with terrorists, Maoists, Naxalites, Jihadist gone waste.
(80.3). Hawala sources dried up for funding of terrorists, Maoists, Naxalites, conversion lobby and Jihadist. There is a considerable decrease of violence in Kashmir after this decision. Once the funding stopped, there wont be any riots in the valley and the country is already witnessing the live effect.
(80.4). Kashmir is back to normal, schools are opened, normalcy in the valley, no schools burnt, one has not noticed stone pelters these days.
(80.5). Banks have started mobile ATMs for Hospitals. Post offices are supplying cash to patients in hospitals.
(80.6). Jan Dhan accounts are fulled with money, Government started this scheme for financial inclusion purpose, but people were reluctant to keep money in the bank, but after demonetisation started, citizens are ready to come back to the banking network and thereby our banking system strengthened, citizens will be the beneficiaries of financial inclusion. There are thousands accounts which were inoperative earlier for years have become operational due to the influx of black money in these accounts by some one else.
(80.7). 55 Lakh money disputes settled in one day in Lok Adalats.
(8). According to State Bank of India more than 3 Lakh crore money, already deposited in the banks.
(80.9). All business men are depositing cash lying with them as current year income with ADVANCE TAX.
(80.10). All jewellers are being issued forms to declare their GOLD stock on day to day basis.
(80.11). Defaulters of bank, property tax, electricity bills, telecom bills are clearing their long pending bills.
(80.12). Defaulters of all kind of taxes are clearing their dues.
(80.13). Small vendors started going digital and already using APPS, digital forms of transactions and digital wallets.
(80.14). Fiscal deficit of INDIA IS SET TO BE REDUCED.
(80.15). Business men are declaring their black money as income and paying advance tax. There are some examples in the recent days as many of them are coming forward and declaring cash lying with them as black money and paying taxes.
(81). Demonetisation has left the NRI dried up and shocked. Those who had kept 10-20 Lakh hard earned genuine legal tenders in lockers for lean season and enjoy at the time of their visit, are bound to suffer.

(1). One who dies without servicing the loan with the intention of not repaying it, goes to the hells and get birth on earth, as load carrying animals, like Yak, Mule, Ox, Camel, Elephant, Horse, Ass etc.
(2). Rupees 5,000 loan given to two brothers in Buland Shahr around 1950 could not be serviced due to the untimely death of the borrowers. One, who gave loan in faith, was not educated. He knew Mundi (-मुंडी, Gurmukhi, गुरमुखि, a script close to Punjabi language spoken in Punjab India); to write the general details of the borrowers.
(3). UP government is pushing the idea of forfeiting the loans up to Rupees 50,000, to the farmers, who paid 10% of it. This is against the principle of natural justice, arbitrary, unjustified and sending the message to all those who take loans and not to repay. This is nothing more than a political ploy-gimmick and wastage of tax payer’s money, by the immature and potentially corrupt political bosses.
(4). Credit Cards are issued to any one, for asking by the banks. People manage to obtain such cards on the strength of fake-manipulated documents. After making purchases they vanish in thin air. In fact the banks try their level best to lure ungullible-unsuspecting simple people to obtain these cards, to repent later. It has been calculated that the interest rate comes to 47% at times, making it the costliest commodity, one ever possessed.
(5). Housing loans are easily available these days on fixed as well as floating rates of interest. The banks, housing loan companies charge the consumer in multiple ways. They have devised many hidden clauses to fool the loan seeker, like file charges, prepayment charges, charges for switching over from floating to fixed rate and vice a versa. They make you pay for insurance etc. even though, it’s not essential.
(6). Loans are given for buying cars. People rush to seek these loans as soon as they feel that they can the loans. The buy the car but fail to repay the loans due to one or the other reason. Now the bank puts goons in to service to take their money back through dubious means. They do not mind snatching the car from you. Smart people seek car loans with the help of fake documents in connivance of the bank staff and disappear with the car. Generally people sell the car and file theft report to claim insurance. The liability is reduced, as per their thinking.
(7). Big companies seek loans from finance companies and banks not to return. There are thousands of such companies in India. Connivance of the bank staff, politicians and police is clear behind such deals. The company goes to BIFR after showing mounting losses.
(8). DMRC and Nizamuddin Bridge over Yamuna River forming NH 24 have been built with the soft loans obtained from Japan. It’s the duty of the government, to make sincere efforts to return money.
(90. At one occasion the Government of India had to pledge-mortgage its entire gold deposited with the Britishers. One can imagine how the successive governments have been functioning in India.
(10). The country is reeling under debt burden. Common man can never service the external debt, in his entire life time. Successive governments continue accepting debt from monetary institutions, World banks, Governments without making serious efforts for debt repayment. This reduces the value of Indian currency in addition to lowering its prestige.
(11). Even the US Government resort to borrowing, which is believed to be the most advanced economy of the world! Isn't it? US government tax the common man heavily, whiles the MNCs operating through US escape the dragnet of tax through loop holes!
(12). Worldwide recession saw the Germans carrying gunny bags loaded with Marks-currency notes, to buy bread. Majority of companies resort to dubious technique of "buy now pay later" , making them earn through the ignorance of the buyer, through the nose heavily, by way of interest. They do not mind dumping their obsolete products in developing countries like India. They never transfer the latest-advanced technology to the developing-third world countries. Russia always supplied discarded obsolete technology to Indians.
(13). Quality of cars sold by the same company in India and US is different. Product sold in US is definitely better than that, sold in India.
(14). Rates of interest in India are more as compared to the prevailing in US. At one point of time banks in India paid 13% on fixed deposits, during congress rule. The BJP led NDA government snatched the meagre earning a poor was making through deposits in banks by reducing the bank rates. No doubt it favoured the industrialist-borrowers, including those who resort to borrowing but do not intend to return it. Just find the collusion between the bankers-politicians-industrialists-bureaucratises-judiciary and the police. Money is never recovered.
(15). One after another country is failing to deliver to the common man. They are not able to control spiralling prices and debt burden over the country, under the expectation of writing off the loans as bad-unrecoverable loans. Where this money does go to?! Obviously in the pockets of those, who are governing the country-the rulers-who else?! 
(16). There are thousands of fly by night companies which are operating with the active collusion of political-bureaucratic-police nexus fleecing the poor of his hard earn money. The king of Ponzi companies is daring the Supreme Court to take action against him. These are the people who lure the poor-middle class people to put their hard earned money in the chit-fund companies by offering unrealistic rates of interest followed by turmoil-tears-suicides.
(17). Every 10 years the government appointments pay commission to review the salary of its staff which is always underpaid, as compared to the private sector and overburdened with work, pertains to election duties-census-adhar card issuance etc. etc. Every 6 months, it is compelled to revise dearness allowance to the spiralling price rise. The root cause of which is the import of petroleum products and enormous taxation over it by the government. The government will have to spend an extra 11,000 crores and sell off its shares in many profit making public sector companies. The media paints a rosy picture and presents it in such a way that prices start spiralling-escalating-scaling peaks again. 
(18). Inside trading, rigging-manipulation is common at the stock exchange. Brokers, FIIs-Foreign Institutional investors, Company employees, financial companies are always willing to destabilise the stock market for bountiful-windfall gains. Millions of people have lost their life's savings in this gamble. There are the companies who are unnecessarily after the blood of the people, who own one or the other non-performing shares, in the name of keeping their accounts, even after the investor, after clearing their dues asks them not to do anything for him in future. They do not mind sending them legal notices as well.
(19). At least 5 banks [Barclay's, Deutsche Bank AG, HSBC Holding Plc., Bank of Nova Scotia and Societe General SA] of England are found to have rigged the prices of gold creating artificial scarcity, all over the world. Wide fluctuations in the most sought after commodity, the world over were observed.
(20). Indian bureaucracy is notorious-red tape, is always willing to put hurdles in the path of manufacturing goods, starting a business. One has to obtain 70 clearances for starting a business, in the name of environment.
PONZI KING-BANDIT QUEEN :: Before elections in Bangal suddenly the maids started moving to Bangal to cast their vote. It was really curious for a maid to spend a lot of money and time on fare. On being questioned the reply was that each of the voters was receiving Rs.80,000 for casting vote in favour of the Didi, who had accumulated-amassed wealth through Ponzi schemes.[28.09.2016]
More than Rs.30,000 crores of public money is parked in Ponzi schemes and non-financing companies. More than 70,000 such fly by night companies are operating with immunity throughout India with active connivance of politicians, bureaucrats, police mafia and the judiciary. For reference two such firms can be named i.e., Sahara and Sharda. Millions of people made deposits with Ponzi King's chit fund-ponzi companies 30 years ago. He cheated millions of poor-middle class investors of billions and all cases were buried without scratching him. He pleaded that he has 12 Lakh employees and they will become job less if he is arrested or punished. He filed false affidavits, advertisements in newspapers.
He did every bit of be fooling the honourable Supreme Court of India and succeeded to some extent. Perhaps he forgot that still some honest people live in India. He is supported by political God Fathers of UP, who themselves under the cloud for amassing trillions. He is a real crooked and fits in the good screen plays of Indian movies. For the time being, he cooling his heels, in Tihar Jail.
His lawyers say that he has not committed anything wrong for which he can be put behind the bars. Over all they are lawyers and paid to turn black into white. This is what they had been doing for the last 2 years for him.
Supreme Court told his lawyers (-read lairs) that the keys to obtain release from prison are in his hands. Let him decide to pay 30,000 crore rupees and get bail. Till the let him celebrates holy in Tihar Prison cells.
Supreme Court has asked him to pay Rs. 10, 000 crore now and 10, 000 crore in two instalments. But the guilty is not willing to part with the money collected through dubious means and cheating the innocent. His employees may not be able to get their salary for the current month. His lawyers are bent upon blaming the Supreme Court Judges as well.
Supreme Court rejected the bail plea of Subrata Roy, yet again. He tried everything from seeking recusal of judges to terming the detention order as draconian. The petitioner has been using tactics like bench hunting-bench hopping or bench avoiding. The Judges observed that calculated psychology offensive and mind games were adopted to seek recusal of judges which needed to be strongly repulsed. Court pronounced that it had enough powers to ensure compliance of its orders and also punish the disobedient-guilty. He and his companies had flouted orders of SEBI, Security Appellate Tribunal and the orders of the Supreme Court. He had been adamant and frittering away repeated opportunities granted by the Supreme Court. Efforts made to cajole him were always stone walled and brushed off. He adopted a defiance constituting rebellious behavior, not amenable to the rule of law. All efforts to cajole were methodically circumvented. The court observed that no violation of the principle of natural justice was there since he was heard personally and through his lawyers extensively before detention order was passed.[07.05.2014]
One of the Hon. judges, who told unequivocally that he was under intense pressure from all quarters in this case, has withdrawn and the bench too has been disbanded due to the retirement of another judge. WILL THE HON. SUPREME COURT BE ABLE TO GIVE A FAIR VERDICT?![17.05.2014]
The director of AMWAY is police custody. This firm is alleged to be in ponzi business. Since the day of its inceptions people are suspicious of its motives and the quality of its products. Its health products are not supported by clinical studies.[28.05.2014]
वो दया की भीख माँग रहा है ताकि जेल से बाहर आ सके और फिर से लाखों लोगोँ को लूट सके। सुप्रीम कोर्ट ने उसकी याचिका पर फैसला 40 दिन के लिए सुरक्षित कर लिया है। पार्लियामेंट को उसकी समस्त चल-अचल सम्पत्ति जप्त कर लेनी चाहिए और उसे ता उम्र जेल की सलाखोँ के पीछे रखना चाहिये। [05.07.2014]
Supreme Court allowed him to hold negotiations  from  Tihar jail  for the sale of  his properties by holding video conferencing. If one calculate his liabilities they turn out to be to the tune of more than 30,000 crore rupees. Why not confiscate all his holdings and let him rest in prison like Raju. He does not deserve leniency or mercy. Let it become a case for others to learn what happens when they commit such frauds.[10.08.2014]
Its almost one year for Subrata Roy in the prison. Its much hyped deal with Mirach has failed for the sale of its iconic hotels, Plaza and Dream Downtown in New York & Grosvenor House in London. Mean while Sahara's deal in the case of Grosvenor House in London has invited ED's investigation for the alleged transfer of funds of over Rs.3,600 crore under FEMA-Foreign Exchange Management Act without the clearance of RBI.[07.02.2015]
Sahara has said that it has decided to sell its stake in formula One team along with Sahara Star hotel in Mumbai and 4 small air crafts to fetch around Rs. 3,000 crore. It has shown its desire to sell Grosvenor House hotel in London to get around Rs. 2,500 crore. Sahara has deposited over Rs. 5,120 stating that it has a liability of Rs. 2,000 crore. It has to return around Rs. 24,000 crore to investors.[03.02.2016]
SARADHA SCAM-PONZI DEAL :: This muddle is of the tune of nearly Rs. 2,400 crore. One has heard of God fathers, Bhais, Dada Giri. Now it’s Didi Giri. Her paintings said to have been bought for over 3 crore rupees by the master mind behind the scam. Party's income tax returns are clearly pointing out an accusation finger to it. The DIDI government promised compensation at the cost of exchequer-tax payer’s money. Its not the first time that the innocent people of Bengal have been cheated. In 1980 Sanchayta had duped the investors of Rs. 120 crore rupees. The current scam has drawn into vortex from individuals to Tolly wood, bureaucrats, politicians, media and who not?! Even CPM leaders were not far behind in the muddle-loot.[04.05.2014]
Honorable Supreme Court has ordered a CBI inquiry into Sharda and another Ponzi-Chit fund deal in Orissa. Didi's outbursts are clearly giving signals of her colleagues involvement without a space for doubt-suspicion.[10.05.2014]The heat is warming the Ponzi Queen. Her associates have started wriggling their tongues. Some of her volunteers who did not sufficient money to buy single meal are now worth 500-1,000 crore rupees. She is calling it a political gimmick, but for how long?! बकरी की माँ कब तक ख़ैर मनायेगी ?! Sudipta Sen is already behind the bars. A retired DGP too has been included in the list of the people under custody. Its the turn of Kunal Ghosh now. The Serious fraud Investigation Office has found several grave violations of the companies act.[10.09.2014]
Bengal law minister staged a dharna-sit in, against the CBI, which is meant to scuttle the probe against the Ponzi deal, proving the complicity of those in power, in it. This could not be there without the sanction of the chief minister, who too has been accused in the scan. The Supreme Court can sou-motto take cognizance in the matter, since the CBI is following its orders.
The scam involves more than 33,000 crore rupees 16,000 employees, 200 companies, 14 people committed suicides, 53 companies in default, 3.3 million have been affected and more than Rs.4000 crore was mopped up from investors. 
If Uma Bharti had to resign from her post as chief minister of MP, why should not this chief minister too resign at once. Her presence in the chair will protect the guilty and distract the probe.[12.09.2014]
One of the stalwarts of TMC Ahmad Hasan Imran-an MP and the former general secretary of the banned SIMI, has been the God father of terrorists-extremists, who utilized scam funds for this ulterior motive.[14.09.2014]
First FIR has been filed in this case.Primary accused are: Sudipta Sen, Debjani Mukherjee and TMC MP Kunal Ghosh. They have been charged under (I) IPC 420: Cheating, dishonesty, inducing delivery of property. Jail term up to 7 years. (II) IPC 409: Criminal Breach of Trust by public servant, banker or agent. Jail for life or up to 10 years. (III) 120 B: Criminal Conspiracy. Minimum 2 years in jail, maximum life sentence or death. (IV) Prize Chit and Money Circulation Schemes (Banning) Act 1978-sec-4 and 6: Up to 3 years in jail.
ASSOCIATION WITH ISLAMIC BANK: There are clues-trails which points to wards a greater deep routed conspiracy-plan to destabilize the government. The terror out fits and SARADHA have links.[25.10.2014]
Kunal Ghosh gulped sleeping pills to commit suicide as per his threat in the court three days ago. He had revealed the names of other TMC functionaries who are under the protection of the queen. Will it be possible for the intelligence agencies to reach the root of the crime till TMC rules Bangal or the present leadership survives?! [15.11.2014]
Bandit Queen: Asif Khan a former TMC functionary disclosed that the entire Saradha scam money is with the Bandit Queen. He was arrested only when he made sensational statements against Mukul Roy-national secretary of TMC. He says that Mukul Roy has thousands of crores of rupees. She has suddenly woken from deep sleep and has started meeting congress leader in addition to L. K. Adwani and Arun Jaitley. Unprecedented love has evolved in her for the Marxists and Communist leaders.[18.11.2014]
Queen's citadel is crumbling: Her 2nd  MP, Srinjoy Bose is behind the bars.  He is 5th in the list. Madan Mitra is evading arrest by claiming to be sick. her counselors in Kolkata Municipal Corporation are eager to join BJP and may switch loyalty any time soon. [22.11.2-14]
She is confirming her involvement through her political moves in the state. She planned a march against the BJP led government at the center but the attendance was unexpectedly thin.The CBI has identified 92 Saradha firms which were floated just before the elections in 2011 between Jan.13 & 24. All these firms went into red. CPM stalwart Gautom Deb alleged that the money had been used in the assembly polls. These firms shared common Diamond Harbor address.[27.11.2014]
Yet another minister of her cabinet may become headline soon since evidence is surfacing against him. TMC fought pitched battle for the rights of 1200 peasants in Singrur, but snatched the bread of 1,17,000 poor people leaving them behind to starve and commit suicide. She threatens of agitation against central government and uses most foul language in her public addresses proving her deep involvement in the scandal.[06.12.2014]
It has come to light that societies are emerging which are making money for the next elections, by duping the innocent investors. The queen is using filthy language against the BJP chief and the PM and instigating the people in Bangal against BJP and creating ruckus in parliament. The elite class & the educated have started drifting away from her.[12.12.2014]
Bengal Transport minister Madan Mitra one of  queens trusted aid's, who was evading arrest by admitting himself in the hospital is behind the bars. He headed the Saradha's employee's union. He is arrested for criminal conspiracy and cheating. Mamta is giving it a political color. She is threatening the BJP of arresting its ministers if they dare visit Bengal. Why did not she arrest Amit Shah when he disclosed her follies?![13.12.2014]
Mamata's reaction is just opposite to that of Naveen Patnaik's. Naveen is maintaining his cool, showing his neutrality, while hysteric queen out bursts indicate that the jaws of law are approaching her fast and that she is not innocent.[15.12.2014]
The TMC chief minister has been dubbed as chit fund minister by those who were countering TMC MP's attack over Jaitley. [22.12.2014]
Kunal Ghosh has stated in a city sessions court that he has evidence against DIDI and TMC's general secretary Mukul Roy in the Saradha case.  He said if any one has derived benefit from the scam, its the Chief Minister herself. He said that he had specific information against them. He has already handed over a video clip gathered through sting operation.[23.12.2014]
DIDI's Criminal Circus MP Srinjoy Bose's bonds worth Rs.10 crore have been attached by the ED-Enforcement Directorate. Shankudeb Panda, a close aide of DIDI, noted painter Subhaprasanna along with former Union Minister Matang Singh too are going to face questioning in the light of specific leads. Matang Singh's properties and bank accounts are attached under Prevention of Money Laundering Act.[24.12.2014]
Sudipta Sen has assets in USA, Shimla and north-east.Those people who have identified are extremely well connected & high profile. There is sufficient reason to interrogate them and some more politicians. There are indications that a plot in Kamalgazi was bought at the behest of a senior TMC leader.[26.12.2014]
Mukul Ray has started spilling beans much before CBI questions him.He has admitted to meeting Saradha boss. He is national sectary of TMC. The queen called a meeting of North 24-Parganas at her residence. The canary still wish to camouflage it, as a political issue considering the voters to be fools.At least she can attempt to brain wash them.[14.01.2015]
CBI raided 9 places connected to the Saradha scam and seized several documents related to it. The absconding adviser of the company chief, Shivnarayan Das has been arrested.[18.01.2015]
Shivnarayan Das is believed to be the brain behind the conspiracy.He will confront Sudipto soon. He travelled abroad since he went underground six months ago.[19.01,2015]
Both Bangal Government and TMC have moved Supreme Court through Kapil Sibbal as lawyer alleging the use of CBI for harrasing them, as a tool by BJP government. The CBI begun probe at the instance of Supreme Court only.[20.01.2015]
Ex-minister Matang Singh MoS in the Narsinha Rao regime, who wielded enormous clout, has been arrested by the CBI. The arrest is for criminal conspiracy, cheating and misappropriation of funds causing trepidation among members of the higher bureaucracy and police corps. Sudipta Sen had alleged that he took bribes to the tune of Rs.28 crore, from the group to launch a channel and did not return the money. He resurfaced during UPA's twilight years when he is said to have played a key role in postings of bureaucrats and senior cops.[01.02.2015] 
Home Secretary who interfered with Saradha probe pertaining to Matang Singh's arrest has been removed. There are indications of rift between the queen and her No. 2 Mukul Roy, who has the backing of 4-5 MP's in the party, due to the coronation of queen's nephew Abhishek Banerjee, as the power center of the party.[05.02.2015]
The Supreme Court has refused to entertain queen and her government's plea of interfering with the day to day affairs of CBI. The court has said that it will look into the case only when the CBI was not doing its job seriously. It turned down the petition of one Abu Abbas who requested to initiate contempt proceedings against the queen. She suffered two more blows simultaneously in the form of resignations from Srinjoy and Locate close to her.[06.02.2015]
TMC Jadupur area president in Malda district’s Kaliachak II block was suspended by the party, police on Monday night raided the residence of his unit’s vice president, Sarjan Sheikh, and recovered firearms and ammunition. A senior district official said five rifles, two 9 mm revolvers, 350 cartridges, 55 crude bombs, 5 kg of material used for making explosives, sharp objects like knives and choppers, a drill machine and an SUV was seized from Sarjan, who was produced at a local court on Tuesday, which sent him to two-day police custody. TMC's had suspended Jadupur area president Bakul Sheikh for six years on charges of extortion and terror mongering. It reveals the true color of TMC and proves the allegations against it.[11.09.2015]
ROSE VALLEY PONZI EMPIRE: 
It has turned out to be 3 times as big as SARADHA SCAM involving identical faces, under the patronization of the same regime.[08.03.2015]
Gautom Kundu chairman of Rose Valley group has been arrested by enforcement directorate under provisions of Prevention of Money Laundering Act for orchestrating-cheating-raising Rs.15,484 crore from small investors, up to June, 2014, through the promise of high returns; on the basis of the complaint filed by SEBI. He had promoted 27 companies. His 2631 accounts have been attached, so far. The scam has surpassed Saradha.[26.03.2015]
Rose valley goons went on rampage when Kundu was produced in court in Dalhousie area in central Kolkata. A top film maker is also under the lens, in this connection. It has become trend in India to nurture an army of bad characters-goons to intimate people. These goons are so daring that they do not mind attacking police, even in the court, because of the political support of the ruling party.[27.03.2015]
The CBI has confirmed that West Bengal-based Rose Valley group cheated investors of Rs.17,000 crore, making the chit-fund scam seven times bigger than the Saradha scandal. The hospitality to real estate group cheated-duped millions of investors, most of them from low-income group, in at least 10 states, including West Bengal, Odisha and Andhra Pradesh, promising exaggerated returns.
The Supreme Court in May 2014 ordered a probe against 24 chit-fund firms in a Rs. 1.2 Lakh crore financial scandal but it is now that the C.B.I. has come up with the sums snatched from investors.
Rose Valley group is the biggest player in the scandal involving firms operating unlicensed financial schemes that escaped regulators’ scrutiny. 
It is believed that more than 60 million Indians have been victims of such unregulated or chit-fund, schemes. 
FIRMS
MONEY INVOLVED
Rose Valley Group
Rs 17,000 crore
Basil International Limited
Rs 3,500 crore
Saradha Group
Rs 2,500 crore
Sea Shore Group
Rs 580 crore
Arth Tattv Group
Rs 200 crore
Astha Group
Rs 65 crore
The RV group which made a modest start in the hospitality sector in Bengal in the late 1990's,  later expanded to real estate, film and media sectors and was also as a corporate agent of a state-owned insurer. Saradha chairman Sudipta Ghosh’s admission had blown the lid off these scams. Rose valley group chairman Gautam Kundu was also arrested last year on charges of money laundering.[04.01.2017]

The CBI, has submitted a charge sheet against four senior Rose Valley officials, including Kundu, in a Bhubaneswar court in January. Three group firms including Rose Valley Real Estate & Construction Ltd, Rose Valley Hotel & Entertainment Ltd and Rose Valley Real Estate & Land Bank India Ltd. have been named.
ARTH TTV GROUP: This is yet another Ponzi deal involving multi crore chit fund scam. Pravat Tripathi a BJD MLA and chief whip of Biju Janta Dal in Orissa has been arrested.[01.11.2014]
BJD MP Ramchandra Hansdah and 2 former MLA of BJD have been arrested by the CBI, probing 44 ponzi-chit fund firms duping more than 6.5 Lakh of investors to the tune of Rs. 4,375 crores.The fraudulent deals deprived the investors of more tha Rs. 10,000 crores, including Saradha scam.The MP is continuously changing his stand over the cash recovery of around 26 Lakh rupees.[05.11.2014]
Orissa CM's claim of running a clean  and transparent government has been exposed. So many politicians have been arrested with substantial evidence against them. Amicus Curiae has moved the Supreme court complaining about the barriers-hurdles raised by the government to protect the influential politicians. The CBI could not proceed beyond 4 cases out of a total of 44, so far due to the hindrances and obstructionist tactics and non cooperation.[07.11.2104]
16 people and 7 companies have been charge sheeted. Ruling BJD's MLA Prabhat Tripathy, former Odisha advocate general Ashok Mohanty, AT group chief Pradip Sethy and his Mumbai based business partner and model Preeti Bhatia are among those who have charge sheeted. Sections invoked are 120 B, 406, 409, 411, 420, 468, 471, & section 4.5, and 6 of Prize Chits and Money Circulation Schemes.[12.12.2014]
The Enforcement Directorate attached the Odisha's premier private engineering college, Bhuvneshwar Institute of Technology (BIT), in a major crackdown in connection with the Odisha chit fund scam. Various plots of land and bank accounts allegedly earned through the proceeds of the scam.[10.01.2015]
PEARL GOLDEN FORESTS LIMITED group defrauded thousands of investors of more than Rs. 45,000 cores. CBI filed the FIR in February, 2014 and raided many of its premises, from where it collected the computers, cash registers and documents pertaining to its thousands of bank accounts. It collected various documents pertaining to land deals for the investors. Sukhdev Singh & Nirmal Singh Bhangu is the master mind. 4 teams have been formed to track the case and put the guilty before fast track courts. This company had multiple interests, including Chit Fund. its head office is located at Barakhamba Road, New Delhi with offices at Jaipur, Chandi Garh, Mohali, Ropad, etc. CBI has give it sufficient opportunity to wipe out proof.[03.01,2015]
Ultimately the CBI has arrested the gang of cheats which stated working as a milk man.[09.01.2016]
He has 37 plots in Gurgaon, 50 commercial properties in Mohali & Amratsar, 600 acres land in Bangluru, Golden palm hotel in Spa Colamba, another Golden Palm Hotel in Kala Note Goa, His 1300 bank accounts have been freezed.[22.01.2016]
The Supreme Court has directed to auction the assets of PACL to give relief to 6 crore investors.[03.02.2016]
(21). More than Rs. 30,000 crores of public money is parked in Ponzi schemes and non-financing companies. More than 70,000 such fly by night companies are operating with immunity throughout India with active connivance of politicians, bureaucrats, police mafia and the judiciary. For reference two such firms can be named i.e., Sahara and Sharda. Millions of people made deposits with Ponzi King's chit fund-ponzi companies 30 years ago. He cheated millions of poor-middle class investors of billions and all cases were buried without scratching him. He pleaded that he has 12 Lakh employees and they will become job less if he is arrested or punished. He filed false affidavits, advertisements in newspapers. He did every bit of be fooling the honourable Supreme Court of India and succeeded to some extent. Perhaps he forgot that still some honest people live in India. He is supported by political God Fathers of UP, who themselves under the cloud for amassing trillions. He is a real crooked and fits in the good screen plays of Indian movies. For the time being, he cooling his heels, in Tihar Jail.
His lawyers say that he has not committed anything wrong for which he can be put behind the bars. Over all they are lawyers and paid to turn black into white. This is what they had been doing for the last 2 years for him.
Supreme Court told his lawyers (-read lairs) that the keys to obtain release from prison are in his hands. Let him decide to pay 30,000 crore rupees and get bail. Till the let him celebrates holi in Tihar Prison cells.
Supreme Court has asked him to pay Rs. 10,000 crore now and 10,000 crore in two installments. But the guilty is not willing to part with the money collected through dubious means and cheating the innocent. His employees may not be able to get their salary for the current month. His lawyers are bent upon blaming the Supreme Court Judges as well.
Supreme Court rejected the bail plea of Subrata Roy, yet again. He tried everything from seeking recusal of judges to terming the detention order as draconian. The petitioner has been using tactics like bench hunting-bench hopping or bench avoiding. The Judges observed that calculated psychology offensive and mind games were adopted to seek refusal of judges which needed to be strongly repulsed. Court pronounced that it had enough powers to ensure compliance of its orders and also punish the disobedient-guilty. He and his companies had flouted orders of Sebi, Security Appellate Tribunal and the orders of the Supreme Court. He had been adamant and frittering away repeated opportunities granted by the Supreme Court. Efforts made to cajole him were always stone walled and brushed off. He adopted a defiance constituting rebellious behaviour, not amenable to the rule of law. All efforts to cajole were methodically circumvented. The court observed that no violation of the principle of natural justice was there since he was heard personally and through his lawyers extensively before detention order was passed.[07.05.2014]
One of the Hon. judges, who told unequivocally that he was under intense pressure from all quarters in this case, has withdrawn and the bench too has been disbanded due to the retirement of another judge. WILL THE HON. SUPREME COURT BE ABLE TO GIVE A FAIR VERDICT?![17.05.2014]
The director of AMWAY is police custody. This firm is alleged to be in ponzi business. Since the day of its inceptions people are suspicious of its motives and the quality of its products. Its health products are not supported by clinical studies.[28.05.2014]
वो दया की भीख माँग रहा है ताकि जेल से बाहर आ सके और फिर से लाखों लोगोँ को लूट सके। सुप्रीम कोर्ट ने उसकी याचिका पर फैसला 40 दिन के लिए सुरक्षित कर लिया है। पार्लियामेंट को उसकी समस्त चल-अचल सम्पत्ति जप्त कर लेनी चाहिए और उसे ता उम्र जेल की सलाखोँ के पीछे रखना चाहिये। [05.07.2014]
Supreme Court allowed him to hold negotiations from Tihar jail for the sale of his properties by holding video conferencing. If one calculate his liabilities they turn out to be to the tune of more than 30,000 crore rupees. Why not confiscate all his holdings and let him rest in prison like Raju. He does not deserve leniency or mercy. Let it become a case for others to learn what happens when they commit such frauds.[10.08.2014]
Its almost one year for Subrata Roy in the prison. Its much hyped deal with Mirach has failed for the sale of its iconic hotels, Plaza and Dream Downtown in New York & Grosvenor House in London. Mean while Sahara's deal in the case of Grosvenor House in London has invited ED's investigation for the alleged transfer of funds of over Rs.3,600 crore under FEMA-Foreign Exchange Management Act without the clearance of RBI.[07.02.2015]
SARADHA SCAM-PONZI DEAL :: This muddle is of the tune of nearly Rs. 2,400 crore. One has heard of God fathers, Bhais, Dada Giri. Now it’s Didi Giri. Her paintings said to have been bought for over 3 crore rupees by the master mind behind the scam. Party's income tax returns are clearly pointing out an accusation finger to it. The DIDI government promised compensation at the cost of exchequer-tax payer’s money. Its not the first time that the innocent people of Bengal have been cheated. In 1980 Sanchayta had duped the investors of Rs. 120 crore rupees. The current scam has drawn into vortex from individuals to Tolly wood, bureaucrats, politicians, media and who not?! Even CPM leaders were not far behind in the muddle-loot.[04.05.2014]
Honorable Supreme Court has ordered a CBI inquiry into Sharda and another Ponzi-Chit fund deal in Orissa. Didi's outbursts are clearly giving signals of her colleagues involvement without a space for doubt-suspicion.[10.05.2014]
The heat is warming the Ponzi Queen. Her associates have started wriggling their tongues. Some of her volunteers who did not sufficient money to buy single meal are now worth 500-1,000 crore rupees. She is calling it a political gimmick, but for how long?! बकरी की माँ कब तक ख़ैर मनायेगी ?! Sudipta Sen is already behind the bars. A retired DGP too has been included in the list of the people under custody. Its the turn of Kunal Ghosh now. The Serious fraud Investigation Office has found several grave violations of the companies act.[10.09.2014]
Bengal law minister staged a dharna-sit in, against the CBI, which is meant to scuttle the probe against the Ponzi deal, proving the complicity of those in power, in it. This could not be there without the sanction of the chief minister, who too has been accused in the scan. The Supreme Court can sou-motto take cognizance in the matter, since the CBI is following its orders.
The scam involves more than 33,000 crore rupees 16,000 employees, 200 companies, 14 people committed suicides, 53 companies in default, 3.3 million have been affected and more than Rs.4000 crore was mopped up from investors. 
If Uma Bharti had to resign from her post as chief minister of MP, why should not this chief minister too resign at once. Her presence in the chair will protect the guilty and distract the probe.[12.09.2014]
One of the stalwarts of TMC Ahmad Hasan Imran-an MP and the former general secretary of the banned SIMI, has been the God father of terrorists-extremists, who utilized scam funds for this ulterior motive.[14.09.2014]First FIR has been filed in this case.Primary accused are: Sudipta Sen, Debjani Mukherjee and TMC MP Kunal Ghosh. They have been charged under (I) IPC 420: Cheating, dishonesty, inducing delivery of property. Jail term up to 7 years. (II) IPC 409: Criminal Breach of Trust by public servant, banker or agent. Jail for life or up to 10 years. (III) 120 B: Criminal Conspiracy. Minimum 2 years in jail, maximum life sentence or death. (IV) Prize Chit and Money Circulation Schemes (Banning) Act 1978-sec-4 and 6: Up to 3 years in jail.[23.10.2014]
ASSOCIATION WITH ISLAMIC BANK: There are clues-trails which points to wards a greater deep routed conspiracy-plan to destabilize the government. The terror out fits and SARADHA have links.[25.10.2014]
Kunal Ghosh gulped sleeping pills to commit suicide as per his threat in the court three days ago. He had revealed the names of other TMC functionaries who are under the protection of the queen. Will it be possible for the intelligence agencies to reach the root of the crime till TMC rules Bangal or the present leadership survives?! [15.11.2014]
Bandit Queen: Asif Khan a former TMC functionary disclosed that the entire Saradha scam money is with the Bandit Queen. He was arrested only when he made sensational statements against Mukul Roy-national secretary of TMC. He says that Mukul Roy has thousands of crores of rupees. She has suddenly woken from deep sleep and has started meeting congress leader in addition to L. K. Adwani and Arun Jaitley. Unprecedented love has evolved in her for the Marxists and Communist leaders.[18.11.2014]
Queen's citadel is crumbling: Her 2nd  MP, Srinjoy Bose is behind the bars.  He is 5th in the list. Madan Mitra is evading arrest by claiming to be sick. her counselors in Kolkata Municipal Corporation are eager to join BJP and may switch loyalty any time soon. [22.11.2014]
She is confirming her involvement through her political moves in the state. She planned a march against the BJP led government at the center but the attendance was unexpectedly thin.The CBI has identified 92 Saradha firms which were floated just before the elections in 2011 between Jan.13 & 24. All these firms went into red. CPM stalwart Gautom Deb alleged that the money had been used in the assembly polls. These firms shared common Diamond Harbor address.[27.11.2014]
Yet another minister of her cabinet may become headline soon since evidence is surfacing against him. TMC fought pitched battle for the rights of 1200 peasants in Singrur, but snatched the bread of 1,17,000 poor people leaving them behind to starve and commit suicide. She threatens of agitation against central government and uses most foul language in her public addresses proving her deep involvement in the scandal.[06.12.2014]
It has come to light that societies are emerging which are making money for the next elections, by duping the innocent investors. The queen is using filthy language against the BJP chief and the PM and instigating the people in Bangal against BJP and creating ruckus in parliament. The elite class & the educated have started drifting away from her.[12.12.2014]
Bengal Transport minister Madan Mitra one of  queens trusted aid's, who was evading arrest by admitting himself in the hospital is behind the bars. He headed the Saradha's employee's union. He is arrested for criminal conspiracy and cheating. Mamta is giving it a political color. She is threatening the BJP of arresting its ministers if they dare visit Bengal. Why did not she arrest Amit Shah when he disclosed her follies?![13.12.2014]
Mamata's reaction is just opposite to that of Naveen Patnaik's. Naveen is maintaining his cool, showing his neutrality, while hysteric queen out bursts indicate that the jaws of law are approaching her fast and that she is not innocent.[15.12.2014]
The TMC chief minister has been dubbed as chit fund minister by those who were countering TMC MP's attack over Jaitley. [22.12.2014]
Kunal Ghosh has stated in a city sessions court that he has evidence against DIDI and TMC's general secretary Mukul Roy in the Saradha case.  He said if any one has derived benefit from the scam, its the Chief Minister herself. He said that he had specific information against them. He has already handed over a video clip gathered through sting operation.[23.12.2014]
DIDI's Criminal Circus MP Srinjoy Bose's bonds worth Rs.10 crore have been attached by the ED-Enforcement Directorate. Shankudeb Panda, a close aide of DIDI, noted painter Subhaprasanna along with former Union Minister Matang Singh too are going to face questioning in the light of specific leads. Matang Singh's properties and bank accounts are attached under Prevention of Money Laundering Act.[24.12.2014]
Sudipta Sen has assets in USA, Shimla and north-east.Those people who have identified are extremely well connected & high profile. There is sufficient reason to interrogate them and some more politicians. There are indications that a plot in Kamalgazi was bought at the behest of a senior TMC leader.[26.12.2014]
Mukul Ray has started spilling beans much before CBI questions him.He has admitted to meeting Saradha boss. He is national sectary of TMC. The queen called a meeting of North 24-Parganas at her residence. The canary still wish to camouflage it, as a political issue considering the voters to be fools.At least she can attempt to brain wash them.[14.01.2015]
CBI raided 9 places connected to the Saradha scam and seized several documents related to it. The absconding adviser of the company chief, Shivnarayan Das has been arrested.[18.01.2015]
Shivnarayan Das is believed to be the brain behind the conspiracy.He will confront Sudipto soon. He travelled abroad since he went underground six months ago.[19.01,2015]
Both Bangal Government and TMC have moved Supreme Court through Kapil Sibbal as lawyer alleging the use of CBI for harrasing them, as a tool by BJP government. The CBI begun probe at the instance of Supreme Court only.[20.01.2015]
Ex-minister Matang Singh MoS in the Narsinha Rao regime, who wielded enormous clout, has been arrested by the CBI. The arrest is for criminal conspiracy, cheating and misappropriation of funds causing trepidation among members of the higher bureaucracy and police corps. Sudipta Sen had alleged that he took bribes to the tune of Rs.28 crore, from the group to launch a channel and did not return the money. He resurfaced during UPA's twilight years when he is said to have played a key role in postings of bureaucrats and senior cops.[01.02.2015] 
Home Secretary who interfered with Saradha probe pertaining to Matang Singh's arrest has been removed. There are indications of rift between the queen and her No. 2 Mukul Roy, who has the backing of 4-5 MP's in the party, due to the coronation of queen's nephew Abhishek Banerjee, as the power center of the party.[05.02.2015]
The Supreme Court has refused to entertain queen and her government's plea of interfering with the day to day affairs of CBI. The court has said that it will look into the case only when the CBI was not doing its job seriously. It turned down the petition of one Abu Abbas who requested to initiate contempt proceedings against the queen. She suffered two more blows simultaneously in the form of resignations from Srinjoy and Locate close to her.[06.02.2015]
Matang Singh's assets worth Rs. 28 crore, with the market value of Rs. 150 crore, have been attached by the enforcement directorate-ED. Its curious how & why the queen is still not touched by the CBI when all these cheating scams took place under her regime under her direct control as chief minister.[22.12.2105]
ROSE VALLEY PONZI EMPIRE: It has turned out to be 3 times as big as SARADHA SCAM involving identical faces, under the patron of the same regime.[08.03.2015]
Gautom Kundu chairman of Rose Valley group has been arrested by enforcement directorate under provisions of Prevention of Money Laundering Act for orchestrating-cheating-raising Rs.15,484 crore from small investors, up to June, 2014, through the promise of high returns; on the basis of the complaint filed by SEBI. He had promoted 27 companies. His 2631 accounts have been attached, so far. The scam has surpassed Saradha.[26.03.2015]
Rose valley goons went on rampage when Kundu was produced in court in Dalhousie area in central Kolkata. A top film maker is also under the lens, in this connection. It has become trend in India to nurture an army of bad characters-goons to intimate people. These goons are so daring that they do not mind attacking police, even in the court, because of the political support of the ruling party.[27.03.2015]
ARTH TTV GROUP-SEASHORE GROUP-GREEN RAY INTERNATIONAL-NABADIGANTA-CAPITAL SERVICES: This is yet another Ponzi deal involving multi crore chit fund scam. Pravat Tripathi a BJD MLA and chief whip of Biju Janta Dal in Orissa has been arrested.[01.11.2014]
BJD MP Ramchandra Hansdah and 2 former MLA of BJD have been arrested by the CBI, probing 44 ponzi-chit fund firms duping more than 6.5 Lakh of investors to the tune of Rs. 4,375 crores.The fraudulent deals deprived the investors of more tha Rs. 10,000 crores, including Saradha scam. The MP is continuously changing his stand over the cash recovery of around 26 Lakh rupees.[05.11.2014]
Orissa CM's claim of running a clean  and transparent government has been exposed. So many politicians have been arrested with substantial evidence against them. Amicus Curiae has moved the Supreme court complaining about the barriers-hurdles raised by the government to protect the influential politicians. The CBI could not proceed beyond 4 cases out of a total of 44, so far due to the hindrances and obstructionist tactics and non cooperation.[07.11.2104]
The Enforcement Directorate attached the Odisha's premier private engineering college, Bhuvneshwar Institute of Technology (BIT), in a major crackdown in connection with the Odisha chit fund scam. Various plots of land and bank accounts allegedly earned through the proceeds of the scam.[10.01.2015]
16 people and 7 companies have been charge sheeted. Ruling BJD's MLA Prabhat Tripathy, former Odisha advocate general Ashok Mohanty, AT group chief Pradip Sethy and his Mumbai based business partner and model Preeti Bhatia are among those who have charge sheeted. Sections invoked are 120 B, 406, 409, 411, 420, 468, 471, & section 4.5, and 6 of Prize Chits and Money Circulation Schemes.[12.12.2014]
SEBI has asked PACL-Pearls Agrotech Corp Ltd. to deposit Rs.7,269 core as fine. But what about the refund of Rs. 49,100 crores to the investors and the interest over the money?![23.09.2015]
(22). The petroleum prices started escalating suddenly breaching 150 dollars level a few years ago. It was discovered that the pension funds of employees were used for bating and stocking the commodity. Though prices were controlled a bit, yet they are pushing the economies into the red, world over. US is the largest per capita consumer of petroleum and its the only country which can bring them down to reasonable levels. The Arab-Gulf countries are flourishing, at the cost of developing and under developed countries. Ways and means are tried all over the world to check the dependence over this fuel by devising new cheap fuel substitutes.
(23). Global Financial Integrity states that 213 billion dollars (-14 Lakh crore rupees) have been siphoned off abroad, till 2008, earned through dubious sources-black money. People all hue including top businessmen, political leader, service personnel and the royalties of the past have contributed.
(24). One should never give insecure loans to anyone. One who wishes to have loan should be able to mortgage his property-valuables and nothing more than 50% of it should be given. Care should be taken to check the authenticity-genuineness of the goods to be mortgaged.
(25). Order 37 of the Civil Procedure Code covers summery suits and helps solve the problem expeditiously. Section 406 covers criminal breach of trust under Indian penal code. Section 417 tackles cheating under the IPC. Section 420 covers punishment for cheating and dishonestly inducing delivery of property under IPC. Section 426 covers punishment for mischief under IPC.
(26). Inflation has reduced-depreciated the value of Rupee from Rs. 100 to Rs.13.80, over a period of 30 years.
(27). He is the son in law of the most powerful lady-a foreigner, in India. The lady was portrayed as the 6th richest woman in the world. He is just a matriculate. His only qualification is that he is a Christian. He has earned more than Rs. 500 crores (-according to the wall street journal), through benami deals-sale and purchase of land, at others cost, visibly through borrowed money. He has utilized the political strings-supremacy of the ruling family. None of the political partied dared speak against him, since they too are involved in similar scandals. The official do spoke against him is facing torture at the hands of government officials, along with politicians. Even if the ruling party loses in election no one will dare act against him and his relatives. [23.04.2014]
(28). The Supreme Court has rapped the government for not disclosing the names of Indian account holders, in Liechtenstein bank. The order was issued three years ago. The coffers of these Swiss banks are full to the brim, by the black money generated by Indians through criminal acts-fraudulent deals, involving government officials-baccalaureates, criminals, politicians, police etc. High and mighty in the country seeks loans from banks and just transfers them to foreign banks without having any business. Loans are sanctioned in cases where the loan seekers have nothing in the name of goodwill or assets, except connections. [23.04.2014]
(29). One will hardly find a country, which does not resort to lending-taking loans. Countries in Europe are reeling under debt burden or economic turmoil, due to their economic policies-wasteful expenditure by the parliament-ministers. Their desire of having a common currency-EURO has not yielded, desired results. They are still unable to find ways to come out of the red. Russia is paying the price of its current foreign policy, with the capital leaving the country, falling of Rubble, enhancement of rates along with sliding of its stocks. Germany and whole of Europe is experiencing the impact of the sanction imposed over Russia. European banks and business more are exposed to Russian economy as compared to American counter parts. [27.04.2014]
(30). Economic sanctions-blocked harm the one, who imposed them over the others, in the long run. Sanctioned against India, after it became Atomic power, had to be eased. Not only India, same results were observed in Iran as well. Now, it’s the turn of Russia. Sooner or later, it will learn to live without what others give it. In the meanwhile, your businessman will be ruined, who has borrowed a lot of money. [28.04.2014]
(31). The money lender in India grants short term loans to the needy that are willing to pay at the rate of 2% per month. Loans fetch him anything between 3-5% per month, depending over the urgency-need of the client. There are people who are willing to pay 10% per day. Here the money lender who is dis honest cuts the advance interest. Generally the business is carried out without security over person good will, honesty, trust, previous dealings, and ability to refund. This is applicable to small loans. If one asks big loans, he has to mortgage his property, valuables, jewellery ..., the list is long. Proper stamp papers have to be signed and if the stake is too high the papers have to be registered with the registrar. One has been listening to the tales-bows of those who could not return loans to the money lender. Still the business is flourishing by the day and night. Micro loan companies are flourishing in small town and villages. Ponzi deals are taking place simultaneously. Hinduism permits charging of interest over the borrowed money at the rate of nearly 1/6th of the value of the loan.
(32). A list of people has surfaced, which shows that banks have to recover at least 2.36 Lakh Crore rupees from defaulters. They are non-other than big industrial houses. Though it’s not so easy, but it’s not impossible, as well. It needs firm will at the top level and every one will fall in line. The government should make suitable amendments to the existing laws for debt recovery. [10.05.2104]
(33). Andhra-Seemandhra government is set to waive off Rs.54,000 crore loan taken by the farmers.This is seen as the biggest populist measure by any state government. Andhra is a deficit budget state. Telangana-former Andhra, is not far behind. Its preparing to waive off another Rs.12,000 crore loans in the grab of farm loans. This is colossal wastage of exchequer money of the tax payers available to the politicians to spend over their fancies just to gain support. They will hesitate to begin  with a new regime of tax era. Its the middle class family which has to suffer from this burden. One knows from person experience and KNOWLEDGE that these loans are obtained for the purposes other than farming, which have nothing to do with farming e.g., marriage, house building, purchase of vehicles, feasts etc. Its not a secret that the bank employees get a cut from these loans in the form of commissions. And both are aware that at one or the other stage the government will waive off these loans. The Congress regime waived off Rs. 10,000 crores in 1990 and Rs. 60,000 crores in 2008. One would expect Modi not to fall in the trap laid by Naidu. The government is turning the farmers into beggars, cheats and fraudsters. This would have been better, had this money been used for building water reservoirs-dams, roads and schools in the villages.The government is already spending a lot of money over subsidies over diesel, insecticides, pesticides, support price of farm products, no lagan-tax on farm land, irrigation water and electricity. And still the farmer is poor-hungry. THE FACT REMAINS THAT THE MONEY NEVER REACHES THE FARMERS.[05.06.2014]
(34). The country is reeling in debt and the Karnatak Government is planning to spent Rs. 3,000 crore on building and installing statues of Mahatma Gandhi. Had Gandhi been alive, he would have wept over the extravagant-useless expenditure and foolishness off these governments. Earlier Maya spent more than Rs. 5,000 crores over the statues of her own, her Mantr and caste leaders. One must remember that the dalit has rejected her and her extravagant-wasteful expenditure. In fact this is a futile attempt of creating a new world order-religion based on caste politics. 
(35). Rs.2.5 Lakh Crore is struck in bad loans granted to capable willful defaulters by the banks. There is willful-committed-calculated delay in granting permission to prosecute these defaulters. The CBI is still waiting for permission for prosecuting  senior officials of the IDBI  and others, involved in siphoning off Rs. 1,100 crore to Gujrat based Biotor Industries-castor oil manufacturer, which took loan from a consortium of banks led by SBI. This money never reached the farmers. 14 FIRs were filed by the CBI.  In another case of Mahua Media, which launched Bhojpuri TV news channel a total of Rs. 2,700 crore is struck . In this case 3 officials of PNB are main accused. The CBI is investigating a total of 27 cases against 9 companies like Rajat Pharma, Deccan Chronicle, Holdings, Pixion Media and Zoom Developers, for loan defaults.
(36). Failure of banking system in Portugal led to crash of Indian Share market. Its a common feature almost with every failure of banking system be in US, China, Europe or Tokyo. Its the poor investor who is cheated. The elite FII's move out of loss making stocks quickly. There have been at least three instances in India when the share holders were defrauded on the browser leading to a chain of suicides. Still the government support-encourage this primary and secondary market. Let it be run by the market forces by shielding the small investor.[12.07.2014]
(37). JP Associates has sold off its Hydel power projects to Reliance of Anil Ambani for 12,000 crore Rupees, to pay a fraction of its loans of 50,000-65,000 crore Rupees. When you bite more than your capacity-diversify in un acquainted fields, you bite the dust. The debt servicing has forced a number of companies to BIFR-liquidation.
(38). Birla's have a tendency of ploughing back their profits-reinvesting to new ventures mergers-acquisitions and hive off loss making units. Their debt burden is generally manageable and in their paying capacity. 
(39). Kerosene oil is sold by the government by providing subsidy at an unimaginable loss. This kerosin is diverted by black marketeers to other people, who make big chunks of money through fraudulent means, under the nose of government. This is added in petrol and other chemicals for high margins.Interestingly most of the petrol pumps in India are held by the big businessmen and heavy weights in politics, like Ex-Prime Minister Chandr Shekhar had more than 110 petrol pumps in his name.[28.07.2014]
(40). He is a non resident Indian. He appeared before the special court for economic offences pertain to TDS (-tax deducted at source). He was granted bail, though the counsel for income tax department contended that the offences were non bailable. He is evading the payment of bank dues, income tax dues etc. to the tune of thousands of crores of rupees. It may be that his assets may fall short of the liabilities. He has been given sufficient opportunity and time to withdraw the money and take to places (-safe havens for black money, abroad) from where at least the Indian government can not recover it. He is hand in glove with the politicians, bureaucrats, police and may be with the judiciary, as well. He travels abroad too frequently. He owned distilleries, fertiliser plants, soap manufacturing, air line-king fisher and so many other companies. He is generally seen in the company of young women surrounding him. He is Vijay Mallya.[01.08.2014]
He-Vijay Mallya, has been declared a willful defaulter. Instead of repaying debt he is planning to move Supreme Court. Will the court give him reprieve?! He needs a treatment similar to that awarded to the Ponzy king-the jailed Sahara boss.[02.09.2014]
SBI too has issued notices to declare Vijay Mallya as a willful defaulter. United Bank has already obtained legal protection against Malaya's legal recourse. Reserve Bank of India has issued guide lines to declare all companies as willful defaulter if any one of the companies owned by a defaulter failed to clear dues.अब आया है ऊँट पहाड़ के नीचे। [10.09.2014]
(41). Syndicate Bank CMD has been arrested by the CBI for showing un due favors in return for 50 Lakhs for raising the loan limit. Bhushan Steel Industries, Prakash Industries and Totani's names have figured in the scam. He is said to have been involved in coal scam as well. His son and some lawyers, have also been arrested. This is just the tip of the ice burg.  Deeper you dig more clinching evidence you find and hundred of high positioned officers of public sector banks would be behind the bars. But they are the small fish only. If you have guts catch the real culprits ruling the country with immunity.[03.08.2014]
(42). Mumtaaz (38) wife of Zaheer Mohammed obtained the death certificate issued from the Udaipur municipal corporation [Rajasthan, India] to evade a loan of Rs. 4 Lakh. their are the people who mimic their own-spouse's death to get the insurance money or to get the debt wavers from government-banks.[04.05.2014]
(43). PACL:- SEBI has asked PACL formerly Pearls Agrotech Corporation to refund Rs.49,000 crores to investors within 3 months. SEBI has also asked to close unauthorized Collective Investment Schemes run by the company.Company has not revealed the details of the funds mobilized by it during 2012-13. This is a case on the lines of Ponzy schemes launched by Sahara, but of much larger magnitude and size.[24.08.2014]
SEBI has attached the assets of the fraud company, its promoters & directors totaling Rs.60,000 crore.[15.12.2015]
Image result for nirmal singh bhangooPEARL GOLDEN FORESTS LIMITED group defrauded thousands of investors of more than Rs. 45,000 cores. CBI filed the FIR in February, 2014 and raided many of its premises, from where it collected the computers, cash registers and documents pertaining to its thousands of bank accounts. It collected various documents pertaining to land deals for the investors. Sukhdev Singh & Nirmal Singh Bhangu is the master mind. 4 teams have been formed to track the case and put the guilty before fast track courts. This company had multiple interests, including Chit Fund. its head office is located at Barakhamba Road, New Delhi with offices at Jaipur, Chandi Garh, Mohali, Ropad, etc. CBI has give it sufficient opportunity to wipe out proof.[03.01,2015]
Ultimately the CBI has arrested the gang of cheats which stated working as a milk man.[09.01.2016]
Nirmal Singh Bhangu-the master mind has metamorphosed from a milk seller near the Atari border in Punjab to the owner of 1.83 Lakh acres of land around the country. He has 66 offices in Connaught Place (-क्नाटप्लेस) Delhi and more 1400 acres of land in Haryana which impossible without the active collusion of official-bureaucratic-police-political nexus.[20.01.2016]
He has 37 plots in Gurgaon, 50 commercial properties in Mohali & Amratsar, 600 acres land in Bangluru, Golden palm hotel in Spa Colamba, another Golden Palm Hotel in Kala Note Goa, His 1300 bank accounts have been freezed.[22.01.2016]
683 acres of land has been discovered in his possession in Delhi. He along with others, has been sent to Tihar jail for 14 days on remand. Rs. 1450 crores has been deposited in court recovered from him by attaching his accounts.[24.01.2016]
The Supreme Court has directed to auction the assets of PACL to give relief to 6 crore investors.[03.02.2016]
CBI has unearthed that PACL ow 2 entire sectors 100 & 104 in Mohali. Along with these half of sector 96 & 99 are also owned by it, spreaded over more than 500 acres of area.It owns another 750 acres in Banur near Chandigarh.Besides vast land tracks in Zirakpur in Punjab it holds 400 acres in Ludhiana.[27.04.2016]
(44). There are thousands of companies registered over the stock exchange which issued shares and debentures worth trillions and disappeared thereafter by duping the investors. Some of them are still in business but under different name and style. Some of them are: (44.1) Ganga Asbestos Cements Ltd., (44.2) Karnataka Ball Bearing Corporation, (44.3) Punjab National Fertilizers & Chemicals Ltd., (44.4) Usha Rectifiers India, (44.5) Ace Laboratories Ltd., (44.6) Malvika Steel Ltd., (44.7) J.K. Pharmachem Ltd., (44.8) Uniplas India Ltd. etc. etc.
The government of India opted for paperless share transactions. It forced the investors to open demate accounts. Now, that the value of majority of holdings has turned to zero, companies like Alankit are exploiting the poor investors of a lot of money for its service charges. Its virtually impossible either to close dealings with companies like Alankit or to come out of the whole episode safe. In fact the action taken by SEBI is merely an eye wash, without any impact over the fraudulent-corrupt.[24.08.2014]
(45). MAHUAA TV, one of the biggest loan defaulters raised Rs.1,724 crore through bogus-illegitimate companies namely:Century communication (Rs. 334 crore), Pearl Vision (Rs. 234 crore), Mahuaa (Rs. 201 crore) Pixion Media (Rs.195 crore) from 14 nationalized banks which is not possible without the active collaboration of big wigs. The ease with which Anand Tiwari carried out the job has left behind Natwar Lal-the notorious cheater and fraudster of ester years. The senior staff-management is   for the episode. All these people should be nabbed and put behind the bars along with confiscation of their properties including those in the names of their kin.
(46). Second biggest loan defaulter Winsome Group has diverted most of the assets-money raised through PSU banks, abroad. Here one can realize the purpose for which the banks were nationalized. It clearly indicates that the present law is either insufficient-inefficient or has holes in it, to tackle the menace. Why and how the fraudsters keep roaming freely pushing their plans for looting, Scot free?!
(47). Indian politician is immune to criticism-proofs-documentary evidence of receiving bribery for showing favors to contractors-builders. A sum of Rs. 7.5 crores was deposited by Vakamulla Chandrshekhr for the favors he achieved from Virbhadr as bribe, in his accounts. VC showed that he obtained the money from Ahilya Devi his grand mother having 45 acres of land and growing spices there. It has come out that the lady has no connection with the businessman at all.
[25.08.2014]
(48). More than Rs. 5,574 crore looted from NSEL-National Spot Exchange Ltd.-promoted by Jignesh Shah, who had been an active collaborator in the scam, was diverted into real estate by the borrowers, who later turned defaulters. More than 150 properties have been attached so far by the Mumbai Police's EOW-Economic Offence Wing. More than 22 fraudsters-looters, were involved in the crime. Three malls, called D-Malls one each in Pitam Pura, Rohini, & Pashchim Vihar, Radisson Hotel-Pashchim Vihar, G. D. Goenka Public School, Sector-9 Rohini,  3 acre bungalow in civil lines-valued at Rs. 300 crore, located in Delhi are amongest the attached properties. Other valuable properties are located in Mumbai, Punjab, Haryana. A lot of money is invested in the multi storied towers of Noida. Some of the money was routed to Bollywood as well.
(49). Bankruptcy is a means to skip liabilities. NRI business man C. Shivasankran-a citizen of Seychelles, rode telecom crest for 20 years. His attempt is to ward off a claim by his Bahrain based telecom partner Batelco, which won a court decree for $212 million for its investment in S.Tel's telecom licenses in India, which were cancelled after a Supreme Court ruling in 2G scam. He is said to be facing turmoil due to the personal guarantee, he gave for an equity investment. Other telecom firms like Etisalat, which had invested in in Swan had to write off their investments, while Batelco successfully obtained court orders.
(50). GALGOTIA UNIVERSITY'S CHAIRMAN'S WIFE & SON are behind the bars. He managed to obtain bail.He stated his business of education in sector-26 of Noida through a house on Atta-peer road and shifted to the sector-26 market after some time.He got land allotted from Greater Noida Authority to expand his business successfully. He has colleges having a large number of students. This all happened in just 15-20 years. He obtained loans worth Rs.120 crores with the help of forged papers ad stopped installment soon there after, saying that he is under going losses! He uses all sorts of tact's for extracting money from students like donations-capitation fee, building funds etc., in addition to normal charges and still under losses-unimaginable![15.10.2014]
(51). LOWERING OF INTEREST RATES OVER BANK DEPOSITS:: Atal Bihari Vajpayee's government reduced the interest rates by one and a half percent to just 3.5. The benefit was transferred to the industrialist, who is in a habit of doing business with the help of others resources. It's not all, they prefer to hold back the instalments. Why should the funding to any one, be made at the cost of the poor-hand to mouth, who try to save money for buying a house, his daughters marriage, for higher education of his son!? The minimum return over the bank deposits should be 5%. The longer the term, the higher should be rate of interest, like 6% for 2 years, 7% for 3 years, 8% for 4 years and 9% for 5 years. There after the rate of interest should be fixed at 10% to 15%. This will surely boost the economy, with the funds recycling regularly and enhancing the purchasing power of the common man (-not mango man or Aam Aadmi of AAP).
Lowering of interest rates is not going to boost housing industry, since the present phase has its deep association with the black money invested in housing projects, all over India and abroad. During recent months one after another disclosures-scams-scandals proved the point.

(52). Government has named Pradeep Burman of the Dabur India group, Goa-based miner Radha Timblo and Rajkot-based bullion trader Pankaj Chimanlal Lodhiya, in its affidavit filed in the Supreme Court, as the account holders abroad who are potential tax evaders, generating black money. The money has been earned with dubious means including the loans from banks which were never paid back. Public is anxiously waiting for the names of the high and mighty, who had their black money accounts in Swiss banks.
(53). Y. S. Chawdhary, a Rajy Sabha member & TDP nominee has been inducted in union cabinet. He is one of the top loan defaulters @ Rs. 317 crore from Central bank of India. He has declared highest assets @Rs. 190 crore.
(54). SEZ SCAM: CAG has unearthed two SEZ scams. The first one indicates to acquisition of land and selling it inflated prices, conversion of land use & seeking huge loans by the business czars. Yet another scam exposes the developers who mortgaged government land and raised over Rs.6,300 crores from banks. The commerce ministry refused to take action.[04.12.2014]
(55). Spice Jet-the LCC has to clear dues worth Rs.1600 crore. It has been placed on cash and carry-depriving it of credit. Its fleet is shrinking along with number of flights. Its repeating King fisher episode.[06.12.2014]
The aviation minister has asked the banks to extend a loan worth Rs. 600 crore to revive Spice Jet. Why are the owners not willing to pour their money into it?! Perhaps he did not realize that the hard earned money of the tax payers and the bank depositors is at stake. Those who do business with others money, pocket the profit & deposit it tax heaves, turning it into black money and leaves the losses for the public to bear. He said that he wanted to help the passengers. What appears in reality-the inside story, is that he is inclined to help the businessman at the cost of the government-public.[19.12.2014]
(56). NCP's top guns will be probed in Rs.72,000 crore irrigation scam of Maharashtr. Ajit Pawar and Sunil Tatkare played a big role in the scam.[13.12.2014]
A contractor associated with the irrigation scam of Maharashtr has revealed that nearly half of the tender money is pocketed by the officials and the MLA-MP of the area & Minister of the concerned department. This story matches with the story of Yadav Singh's story of Noida's scandles-frauds-scams. [20.12.2014]
(57). More than half of India's population is reeling under debt. 31% of rural and 22% of urban population has to return the money they have landed from one or the other source. Rural poor take money mainly for spending over marriages and farming. The urban citizens, specially young take advances to buy cars, homes, luxury items, with the help of credit cards, for which they have to pay as much as 50% rate of interest. The retired and retiring employees take debts for marriages of their children, higher studies and buying a flat in suburbs of cities. More than 70% is pocketed by the bank employees, when they extend loans to rural-illiterate poor. The rural poor commit suicide, when he fail to manage more money.[22.12.2014]
(58). ONLY BUILDERS, BANKS GAIN WHEN YOU TAKE LOAN TO INVEST IN REALTY :: The table given below is an eye opener, specially for the young ones, who jump to taking loans, without understanding the out come of it. There is a misnomer that let one to believe that real estate is the best investment option. This is something one hear almost every second day from various individuals. The person also believed that among various asset classes, money is being minted out, only in real estate. To clear the cobwebs regarding real estate investment by taking a loan and to open up a myopic view on this subject, here are some calculations after agreeing on some basic assumptions. 
(59). BANKRUPTCY IN GREECE: Insolvency of Greece is man made.New government under Tsipras is trying to renegotiate its loans and end austerity measures. It has increased minimum wages. German Chancellor Angela and her countrymen have rightly ruled out debt relief for Athens. Greece is trying to seek help from France & Italy, whose leftists governments might be sympathetic to Greece for its determination to end painful reforms. Yanis Varoufakis the maverick finance minister was to start his tour from London. There has been voluntary debt relief by private creditors and banks in billions.
Map of GreeceHard left Syriza, has pledged to rip up the terms of the EU-IMF rescue package that helped Greece avoid economic melt down in 2010. The new regime in not in favor of the privatization of its ports and power companies. Its still reeling under debt pile of 315 billion euros, upward 175% of GDP, which in it self is a record for Europe.
The people of Greece should recover the money by seizing & selling the assets of its corrupt rulers in the past. Austerity measures are a must for every country. Its not good to beg or deny the payment of dues.
Spaniards are following the same fate.
The inevitable has happened. It has defaulted on repayment of IMF loans. It may however survive over charity by some of the European countries. It has reached bankruptcy. This is another blow to the communists and the so called socialists. The government of the immature has fixed the final nail in its coffin. Banks may not be able to issue money on Tuesday, when they reopen!
Their pensions have stopped. They could not get money even after visiting 5 banks. They do not have any thing to eat. Who is to blame? The communists are still favoring this state of the events!Ridiculous-worst-a nation is turning into -facing turmoil due to its own folly-who else to blame?!As you sow so shall you reap. Throw-kick them away, who brought the Greeks to their knees-fire them as early as possible. It would be unwise to give money power in their hands. Let some one else, who can solve the riddle take the reins in his hands.[05.07.2015]
Greece has almost lost its credibility. It will not be able to keep its promises after two previous bailouts worth 240 billion euros. Tsipras is not capable of handling the affairs of this ancient culture. He may take a U-TURN over the NO vote. Some of the mis guided-morons-idiots-duffers, under the banner of communist party are still active. People have suffered and suffering and will suffer if this stalemate continues. More than 2,00,000 youth have left the country in search of jobs.Reforms and cut in expenditure are must. German and  Euro zone governments should think 10 times before they decide a bailout package.[12.07.2015] 
Out of the 1001 respondents 82% found it risky to bailout Greece, since they did not believe the Greek government to implement the reforms, which are said to be draconian and harsh, while support for Merkel remained firm.Ministers in Tsipras cabinet revolted openly, facing the danger of being removed. Tsipras is having comfortable majority and is expected to receive support from the opposition as well. Euro zone countries have to get the pact rectified from their parliaments.[15.07.2015]
Tsipras has resigned to hold elections on September 20. 25 of his friends have turned foes. The Greeks are bound to be insecure-restless and suffer. This may further escalate the already worsening situation. The third bailout package may not prove helpful till Greeks learn to earn and spend prudently, sending their political leadership to exile-JAIL.[22.08.2015]
SYSTEMICALLY ORGANISED LOOT BY US BANKS IN GREECE :: THE OTHER SIDE OF THE STORY :: One has been made to believe that the government in Greece  spent too much money and went broke; the generous banks gave them money, but it just mismanaged the money received. This is applicable to other European countries as well.
The banks and corporations exploited many Latin American, Asian and African countries as well, for many decades by bluffing them. The banks just wrecked the Greek government and then deliberately pushed it into unsustainable debt, forcing it to sell public assets for revenue-generation to oligarchs and international corporations.
STAGE (1). Great Financial Crisis of 2008 was the brainchild of Wall Street and international bankers. The banks came up with an awesome idea of giving subprime mortgages. They then sold them as mortgage-backed securities for a huge profit to various financial entities. 
The conspiracy was hatched by another branch of the banking system, the group of rating agencies like: S & P, Fitch and Moody’s, giving stellar ratings to these destined-to-fail financial products. Unscrupulous politicians joined Goldman Sachs and peddled these dangerous securities to pension funds and municipalities and countries around Europe. Banks and Wall Street gurus made hundreds of billions of dollars in this scheme.
STAGE (2).  The financial time bombs exploded. Commercial and investment banks around the world started collapsing in a matter of weeks. Governments at local and regional level saw their investments and assets evaporate, leading to chaos everywhere as chain reaction!
Vultures like Goldman Sachs and other big banks profited enormously in three ways: one, they could buy other banks such as Lehman brothers and Washington Mutual for pennies on the dollar. Second, more heinously, Goldman Sachs and insiders such as John Paul-son (who recently donated $400 million to Harvard) had made bets that these securities would blow up. 
Paul-son made billions and the media celebrated his acumen. (For an analogy, imagine the terrorists betting on 9/11 and profiting from it.) To scrub salt in the wound, the big banks demanded a bailout from the very citizens whose lives the bankers had ruined! Bankers have chutzpah. In the U.S., they got hundreds of billions of dollars from the taxpayers and trillions from the Federal Reserve Bank which is nothing but a front group for the bankers.
In Greece, the domestic banks got more than $30 billion of bailout from the Greek people. Let that sink in for a moment-the supposedly irresponsible Greek government had to bail out the hardcore capitalist bankers.
STAGE (3).  The banks forced the government to accept massive debts. One of the proven techniques used by the parasitic international bankers is to downgrade the bonds of a country. And that’s exactly what the bankers did, starting at the end of 2009. This immediately makes the interest rates (yields) on the bonds go up, making it more and more expensive for the country to borrow money or even just roll over the existing bonds.
From 2009 to mid 2010, the yields on 10-year Greek bonds almost tripled! This cruel financial assault brought the Greek government to its knees and the banksters won their first debt deal of a whopping 110 billion Euros.
The banks also controlled the politics of nations. In 2011, when the Greek prime minister refused to accept a second massive bailout, the banks forced him out of the office and immediately replaced him with the Vice President of ECB (European Central Bank)! No elections needed. Screw democracy. And what would this new guy do? Sign on the dotted line of every paperwork that the bankers bring in.
On the very next day, the exactly the same thing happened in Italy, where the Prime Minister resigned, only to be replaced by a banker/economist puppet. Ten days later, Spain had a premature election where a technocrat banker puppet won the election).
The puppet masters had the best month ever in November 2011.
Few months later, in 2012, the exact bond market manipulation was used when the banksters turned up the Greek bonds yields to 50% !!! This financial terrorism immediately had the desired effect: The Greek parliament agreed to a second massive bailout, even larger than the first one.
Now, here is another fact that most people don’t understand. The loans are not just simple loans like you would get from a credit card or a bank. These loans come with very special strings attached that demand privatisation of a country’s assets. 
STAGE (4).  Now, the rape and humiliation of a nation begin. For the debt that was forced upon them, Greece had to sell many of its profitable assets to oligarchs and international corporations. And privatisations are ruthless, involving everything and anything that is profitable. 
In Greece, privatisation included water, electricity, post offices, airport services, national banks, telecommunication, port authorities (which is huge in a country that is a world leader in shipping) etc.
In addition to that, the banker tyrants also get to dictate every single line item in the government’s budget. Want to cut military spending? NO! Want to raise tax on the oligarchs or big corporations? NO! Such micro-management is non-existent in any other creditor-debtor relationship.
So, what happens after privatisation and despotism under bankers? Of course, the government’s revenue goes down and the debt increases further. How does one fix that? Of course, cut spending! Lay off public workers, cut minimum wage, cut pensions (-same as our social security), cut public services, and raise taxes on things that would affect the 99% but not the 1%. 
Pensions have been cut in half and sales tax increased to more than 20%. All these measures have resulted in Greece going through a financial calamity that is worse than the Great Depression of the U.S. in the 1930's.
Of course, the ever-manipulative bankers demand immediate privatisation of all media which means that the country now gets photogenic TV anchors who spew propaganda every day and tell the people that crooked and greedy banksters are saviors and slavery under austerity is so much better than the alternative.[21.11.2015]
(60). DEFRAUDING PSU BANKS: During the last 4 years fraudsters have looted Rs.12,620 crores from PSU Banks. The latest case relates to an Ahmadabad base telecom company and its directors following a joint complaisant by SBI, Vijaya Bank and Canara Bank. Finance Ministry says that in most of the cases bank staff connive with the fraudsters. But one must not forget that political, bureaucratic and police convenience is always there in such cases. Even if the culprits are caught the cases in the court keep on pending for justice 15-25 years and even more. It embolden them.
Bank of Baroda lost Rs. 4000 crores to willful defaulters-fraudsters-scamsters who took loans from it. Standard Chartered Bank too saw its first ever loss in 26 years @ Rs. 10, 288 crore. This is the time the government should enact such strict laws which can recover all losses from the loan seeker and leave them cooling their heels behind the bars.[24.02.2016]
Image result for images JP gaurJust 60 companies are responsible for the heist of the 10 public banks. They owe more than Rs.10,000 crore. Essar Steel, Jaypee Infratech, Bhushan steel & Alok industries are the most significant names amongest the defaulters. This shows that the management is incapable-incompetent and is sitting over large assets. The gains are diverted else where, including foreign tax heaves. The share holder is deprived of the dividends by showing mounting losses, even if there is no loss, at all. The accounts books are cooked with the help of chartered accountancy firms. Officials at all levels are bribed. The booty is shared amongest the government officials, politicians etc.[26.02.2016]
VIJAY MALLYA :: The government will seek extra-diction of Vijay Mallya from UK. He is a big liquor-business baron who took loans from PSU banks to the tune of Rs.9,500 crore never to return. He has that  said he do not plan to return soon because of the fear that he may be taken straight to Tihar Jail from Delhi airport, like Sahara chief Subrata Roy. He is afraid that he may not emerge alive from Tihar Jail as well.  The government had sensed his attitude and taken steps for revocation of his passport and issuance of non-bailable arrest warrant against him. Supreme Court has shared the details of his assets with 17 PSU banks. The Honourable Supreme Court had noted that the big borrowers from the banks go Scot free while poor farmers and small borrowers are faced with suicide. There are more than 500 big borrowers in the country who just declared them selves as bankrupt and are enjoying life like heaven.[27.04.2016]
Parliament has passed a bill amending 4 different acts to empower banks to confiscate security in the case of loan default.The bill is called Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (amendment) Bill, 2016.[10.08.2016]
Expressing displeasure at Mallya not coming clean on disclosure of all his assets, including the  $40 million from Diageo; which he had allegedly received in February, in four weeks. Mallya in a statement, on his assets in India as on March 31, 2016, disclosed that he had Rs.16,440 as cash in hand. He also disclosed that by way of deposits in banks, he had an amount of Rs. 12.6 crore, which was under attachment by the Income Tax Department.[27.10.2016]
(61). LAND ACQUISITION (-भूमि अधिग्रहण) :: Agriculture had never been remunerative for poverty stricken farmers. Farmers are committing suicides due to burden of debt, drop failure, un timely rains, famines etc. He mortgage land to obtain loans and he is often compelled to sell it off, against his will.
Delhi's population has grown from 5 lakh to 1.5 crore. It has has grown out of proportions leading to development of cities around Delhi leading to the formation of National Capital Region. Mumbai grew into Nai-Navi Mumbai. Pune has grown into a city extending up to 50-60 km on either side of the highways. Its the same case with all the metros ad major cities and towns in India.
India has been slowly but gradually-steadily turning into an industrial country leaving aside its image as an agrarian economy. It has led to astronomical increase in the prices of the land. One has seen the acquisition of land in Munirka, New Delhi, Ghaziabad, Buland Shahr and Noida. Allahabad High Court fixed the land prices as do taka-do paise-adhanna (-दो टका, दो पैसा, अधन्ना) in 1992. Land was acquired at 6 anna in Noida in 1976. Since, 1976 the villagers have obtained compensation thrice. Those who could not manage a square meal are now roaming in land rovers in white kurta and paizama (-कुर्ता पायजामा). Its not all, they have multi storied buildings, earning them monthly rental income in millions, from the properties built against all rules and regulations. 
Most of the subsequent governments are to be blamed for the forgery-fraudulent activities pertaining to land acquisition under Congress and UPA. They acquired land for systematic development-growth but allotted it to land sharks-politicians-industrialists against all norms. Now, the same people are championing the cause of farmers.It will be difficult for the NDA-BJP government to come out clear, out of this mud slinging.
(62). LOWERING OF INTEREST RATES OVER BANK DEPOSITS :: Atal Bihari Vajpayee's government reduced the interest rates by one and a half percent to just 3.5. The benefit was transferred to the industrialist, who is in a habit of doing business with the help of others resources. It's not all, they prefer to hold back the installments. Why should the funding to any one, be made at the cost of the poor-hand to mouth, who try to save money for buying a house, his daughters marriage, for higher education of his son!? The minimum return over the bank deposits should be 5%. The longer the term, the higher should be rate of interest, like 6% for 2 years, 7% for 3 years, 8% for 4 years and 9% for 5 years. There after the rate of interest should be fixed at 10% to 15%. This will surely boost the economy, with the funds recycling regularly and enhancing the purchasing power of the common man (-not mango man or Aam Admi of AAP).
Lowering of landing rates during the last 10 years benefited the fraudulent industrialist only. Bank employees, who sanctioned the loans, too benefited along with the politicians.
Lowering of interest rates is not going to boost housing industry, since the present phase has its deep association with the black money invested in housing projects, all over India and abroad. During recent months one after another disclosures-scams-scandals proved the point.
Low return from the bank deposits-savings as well fixed, forces-compels the poor to earn slightly more, through ponzi schemes, where he loss each & every penny of his hard earned money. Earlier most of them did not have asses to banks. Banks run by co-operatives societies too dupe the depositors. Nationalized banks forward the loans to high end fraudulent loan seekers. These banks invest their money in projects-assets which are non performing. Mutual funds and investment in stocks too is dangerous. Millions of people burnt their hands in major stock exchange frauds. The only safe mode for the poor is government controlled banks. Who so ever talks of lowering the bank rates talks of harming the poor.[15.12.2014]
(63). One should never depend on single earning. He should always try to supplement his income through other pious-honest-gentle means, side by side. He should not buy the things-goods-commodities, if he do not need them. In due course of time, such things may turn into eye sores, occupy space in the house unnecessarily and one may be compelled to dispose them off as waste. One should make it a habit to save and spend, whatever is left over after saving at least 1/6th of his income. He should spend what ever is left after savings. One should not wait to save what is left after spending. One should make investments in various instruments, if there is surplus saving, like fixed deposits, debentures, shares, gold, land, governments bonds. One should never opt for the Ponzy schemes. Be content with the safe deposits in government banks. Thinks twice before making huge deposits in co operative banks. Do not put all eggs in one basket. Never take a chance in the share market, come out of it immediately, as soon as signs of danger are seen. Share market is always a risky option. never invest borrowed money in the stock exchange. never believe the tall claims of the capitalist. Today's, business world do not have faith in words like honesty. But always have faith in honesty on your own side and be cautious about the other side. Tricksters, cheaters, fraudsters have flooded the business world.  Always repay your loans at the first opportunity. Never use credit cards.
(64). BEARS OF STOCK MARKET :: India's stock market suffered biggest ever loss of 1644 points on a single day's trading leaving the investors poorer by 7,00,000 Lakh Crore rupees. Rupee lost 86 paise to the the american dollar. It all happened  in spite of  India's sound progressive economy-credentials, proving thereby that one should never rely over his investments in the share market. However the market recovered the losses on Tuesday. The episode is a fall  out of the failure of Chinese economy over burdened with government control and over production of inferior goods. China dreams of controlling most of Asian markets-economies through threats, military interference. Greek episode also has a lot to say. There are local factors which make the investors suspect the stock market. Indian companies cook up-manipulate results, pay exorbitant salaries to the promoters sucking all profits. Fraud companies arise overnight and vanish too quickly after cheating the public, government banks, public sector enterprises. Most of the so called companies are doing business with the borrowed funds, always leaving the burden over the unsuspecting investors. The promoters are quick to withdraw their money as soon as possible. Labor unions-communists-Nexalites make it extremely difficult to do business. Companies with extremely good credentials like Kesoram and Dunlap have been subjected to closure. government has to rethink in terms of companies laws to grant more freedom from red tape.[26.08.2015]
(65). PUBLIC DEBT :: Public debt has increased by 3.5% over the April-June  period of current fiscal year, in the first quarter of FY 2016.The situation has not improved by any account over the years. The debt burden is increasing continuously in spite of change of government at the center. Man Mohan Singh's government had pledged India entire gold reserves with England to save the situation at one point of time. This grim situations occurs due to subsidies like subsidized food to parliamentarians. Fixation of crop prices, subsidies, over expenditure and ever increasing bill of the fat salaries of the elected representatives to parliamentarian, assemblies, councils etc. Huge sums are spent over the suits filed in the courts by the government, defunct committees appointed by the government, inquiry commissions which do not find any acceptance. Public sector enterprises like Air-India are real burden over the exchequer. If the successive governments do not wake up, situation like Greece may be ready for the country.[19.09.2015]
(66). ECONOMIC EMERGENCY IN VENEZUELA-INFLATION AT 720% :: Venezuela is sitting over the world's largest reservoirs of oil. People are unable to buy a bottle of water and collect it from the mountain, where it trickles out on to the highway. Factories have been closed. Earlier Zimbabwe had faced such a situation. Indonesia has mustered to come out of the difficult situation. Imprudence, over expenditure, dependence over one source for economic growth may be the factors behind this typical situation, since it more or less depended over the oil earnings.[10.02,2016]
(67). BAD LOANS RESULTS IN ECONOMIC SLOW DOWN IN INDIA :: Three government owned banks: Central bank, Dena bank and  Allahabad bank; have slipped into red due to non performing assets and uncovered loans from the large borrowers-business houses-willful defaulters. In today's situation the banks can not hide losses. The estimated stressed bank debts stand around whopping 8 Lakh crore rupees. The Punjab National Bank has narrowly skipped the list. The government is not willing to frame such rules, laws & legislature; which can prevent the borrower from withholding the return of loans. As a first step non bailable warrants should be issued against the big borrowers. All their assets including the one's belonging to family members and those ones which are Benami-in bogus names, should be acquired by the government. Those bank officials who sanctioned loans to the defaulters should be imprisoned and should not be bailed out till they come out clean.[10.02.2016]
(68). FOREIGN INSTITUTIONAL INVESTORS :: With the click of mouse Rs.13,000 Crore goes out of India. This is what is happening in India. The decision to allow this is fundamentally like allowing Coke, Pepsi, & McDonald to operate in India. These companies are not essential for India's growth. They do not contribute to the financial growth of India. These financial investors not only destabilize the Indian currency. They create terror in the minds of businessmen. They artificially maneuver the stock market, steal inside information, over value the stocks, earn profits and withdraw with the sneeze in China or Taiwan. Stock market is nothing but  a den of gamblers. Only the seasoned players make money there and that is through crooked means, frauds and cheating. [10.02.2016]
(69). BIGGEST QUARTERLY LOSS BY IDBI :: It has reported a loss of Rs.2,184 crore during Oct.-Dec.2015. This is yet another institution managed by the government plagued by corruption, mismanagement, nepotism, favoritism and various other grievous factors.  Previous government allowed loot of the exchequer and became a party to it. Gross non performing assets have soared by 61% to Rs.19,615 crore. It advanced huge sums to big corporate houses who too are either reluctant to pay, or are unable to do so. The government is hesitant to recover the money due to weak laws and loop holes in them. The money received by big business house has been diverted to tax heavens.[13.02.2016]
(70). BANKRUPT TAX HEAVEN JERSEY :: Its said that tax heavens are those countries, where the taxes levied at the national level are too low. Generally they are non-sovereign jurisdictions-a part of larger country. Cayman Islands, British Virgin Islands and the oldest amongest them is the island of Jersey, 19 miles from France & 85 miles from England. Its neither a country nor a part of some other country. It is half British, half something else, 45 miles of self governing territory surrounded by waters on all sides. Jersey set its own tax rates, which were so low that finance companies flocked there, followed by banks and individuals. Its now under huge budgetary burden turning into a deep rooted crises. EU has said that all members and those who want an assess to EU markets must tax foreign companies. Lowering of taxes on foreign companies led to significant tax collection decline and thus budgetary problems. Jersey's economy, which used to thrive on tourism and agriculture suffered due to the collections from finance by way of returns. The other legs of the economy suffered and the island is in deep crises now. [06.03.2016]
(71). AGRICULTURAL INCOME :: The income tax department did not bother to find out how could she can earn Rs.125 crore from just 10 acres of land?! Her father had been a cabinet minister in  the congress government for years and leader of an opposition party.?! The man in question was a co accused in Abdul Kareem Telgi case of printing and circulating counterfeit currency and stamp papers. He wanted to become prime minister of India as well.
She is not the only culprit, there are thousands of businessmen, politicians, bureaucrats, film actors etc., who have been cheating the country for decades. During the financial year 2011-2012 declared agricultural income was Rs.2,000 crores, which is 6 times the gross domestic product of India. How did this anomaly occur and went unnoticed?! A writ has been filed in the Patna high court to pray for the investigation of this fraud. Many MNC's too are part of this scandal. India is a country where land ceiling exists. During the financial year the so called farmers cheated the exchequer of more than Rs.10,000 crores. On one hand the farmers are committing suicide due to un paid loans and low out put & simultaneously the crooks are defrauding the country and generating huge amounts of black money and then convert it back into genuine money.
(72). REAL ESTATE (REGULATION & DEVELOPMENT) ACT :: The act has come into force today to protect the consumers against the exploitation by the builders.The builders are notorious people who do not deliver the project as promised by them at the time of booking. They add hundreds of hidden charges. They do not forget adding a clause due to which the buyer will have to bear the enhanced cost due to escalating in material costs which is purely the fault and responsibility of the builder and the authority which has made the allotment of the plot for the purpose. Its curious that the project comes and and the basic facilities like water, electricity, public transport are missing. 
There are cases when the buyers had to commit suicide due to late delivery of the flats. Just see what happens to one who lost his job and has to pay for the EMI, house rent and maintain the family side by side. Most of the developers have a dubious tack record and checkered past.they have multiple criminal cases against them.Please refer to :: FRAUDULENT BUILDERS :: ANSAL API SUSHANT MEGAPOLIS GREATER NOIDA   bhartiyshiksha.blogspot.com  &  FRAUDS BY PROPERTY DEVELOPERS  OM KRISHANA DEVELOPERS-DELHI-NEEM RANA   bhartiyshiksha.blogspot.com    
(73). ADANI GROUP :: Adani Group headed by Gautom Adani has largest loan of Rs.73,000 crores from the Public Sector Banks. This amount equals the total loans granted to the farmers. Gautom Adani has been seen hovering where ever the Prime Minister Modi was there. Lanko, GVK, Suzlon, HCC are among the five biggest borrowers. Adani may turn out to be another Mallya. There is no rational behind granting such huge loans to any one. There must be a credit limit which is never over and above the total corporate and personal assets of the borrowers. Those who plough back the funds abroad must be brought to book immediately and imprisoned till the whole money is not recovered from them.[06.05.2016]
(74.1). INSOLVENCY & BANKRUPTCY LAW :: There are thousands and thousands of big borrowers who take loans and divert them to other uses including investing abroad and tax heavens. They live like kings even after insolvency and declaring them selves as bankrupt! How does it happen?! Simple the law is not against them. On 11th of May 2016, the parliament gave its assent to Insolvency and Bankruptcy Law. This is one of the most important economic legislation which the country badly needed for long. The government should ascertain that the cheat does not go Scot free. All his assets should be brought to auction, so that all such people learn lessons. They should be imprisoned for life thereafter.[13.05.2016]
(74.2). The market regulator SEBI has notified rules aimed at banning wilful defaulters from raising money from the markets.The government and the RBI are fighting the menace that is to some extent responsible for pile up no-performing assets mainly of public sector banks.The RBI has done well by forcing the public sector banks to declare the willful defaulters names and the non-performing assets.[27.05.2016]
(74.3). Over 8100 wilful defaulters owe banks an amount of Rs. 76,685 crores. 1,724 FIRs have been filed during 2015-16. [20.07.2016] 
(75). Once you are elevated to the high office of finance ministry, you start behaving as an expert, even if you do not know the abc... of economics and finance. So called economist Man Mohan Singh mortgaged India's gold reserves and now it the turn of Arun Jaitley who wish to tap RBI's reserves to recap banks. He is a Modi favourite due to his WHEEDLING-flattering-buttering (चापलूसी) tactics. He is not a public favourite as well like Man Mohan Singh. Why do not he recover the loans granted to thousands of cheaters by the banks? Why do not he bring legislature to recover the funds given to the industrialists like Adani?! Its a good idea to have a committee of experts to guide the governor of RBI in day to day working instead of receiving instructions from finance Minister or the prime Minister directly.[26.07.2016]
(76). DISINVESTMENT IN PUBLIC SECTOR UNDERTAKINGS (PSU'S) :: Nehru was impressed with the discarded Russian model of progress having inclination to socialistic-communist philosophy. Indian businessmen did not have sufficient funds to invest in heavy industries. India was in need of mass employment and industrial progress. Roads, irrigation, waterways, railways, aerospace, defence all needed heavy investment. It led to investment by the government in heavy industries and public sector undertakings. Corruption, nepotism, lack of devotion, political interference marred (बिगाड़ना, दूषित करना, हानि करना) the progress and success of these industries. Businessmen kept on becoming fat fatter and fattest but PSU'S continued incurring heavy losses due to lack of proper planning and mismanagement. Private sector was favoured at the cost of public sector. Some sectors were heavily subsidised like fertilisers, gas-kerosin-petroleum, railways. It lacked proper auditing. Imports were allowed even though domestic production existed. No weightage was given to quality at any stage. No effort was made to improve the working of these industries. Banks were forced to allowed dubious transactions and grant loans to the habitual defaulters. Serious efforts were never made to recover loans from big wigs. No limit has been fixed for loans to individual industries-persons like Adani. Profit & loss accounts are manipulated and losses are shown to save taxes. Funds are allowed to be transferred to other non entitled companies. People like Vijay Mallya are allowed to leave the country without trouble. Money is allowed to sink. Hundred of dubious deals have surfaced during the previous regimes and the present regime can not claim to be 100% neat & clean. Experience shows that when ever PSU'S are sold pricing is done in such a way that the buyers always benefit from the deals. Its not that only the buyers gain, the middlemen, politicians, bankers too pocket national money. Black money is created and successfully transferred else where. The present regime is willing to sell more than 20 PSU'S out of which 10 are profit making due to controlled pricing.
(77). Indian banking sector's dark secrets are revealed by the Supreme Court. There are 57 defaulters who owe Rs. 85,000 crore to the banks. Why the government do not disclose their names and recover the tax payers hard earned money ?! The government which boasts of recovering black money from abroad is unable to recover its own money in India! What is there to save the defaulters? Let them be arrested and imprisoned and all their assets confiscated.

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