Thursday, November 22, 2012

212 Dr. Manmohan Singh - Diwali


212

DEEPAVALI /DIWALI

          The last mail was submitted to His Excellency the President of India on November 12, 2012. The same mail was sent to the Supreme Court of India, Indian Army and Indian Air Force.   Later, it was sent through post to the President of India and the Chief Justice of India, and posted in the blog www: howeverythinghappenedinindia.blogspot.com

         In his “Deepavali/Diwali” message, Prime Minister Manmohan Singh, on 12 November 2012, expressed the hope that the festival of lights –Deepavali -  would mark the beginning of a new phase of optimism.
      Dr. Manmohan Singh had been called upon to function as the Finance Minister of India under Mr. P.V. Narasimha Rao (1991-1996). As Finance Minister, he allowed some brokers like Mr. Harshad Mehta to squeeze the banks. The brokers, in turn, diverted the money to Stock Market for their personal transactions. As a result, the value of some shares increased by thousands of times.
       Dr. Manmohan Singh became the Prime Minister of India in 2004. He knew that Re.3 lakh crore was rotting in the Provident Fund (PF) account. He wanted to secretly hand over this money to the people responsible for making him the Prime Minister of India. It took about four years to hand over this money to them.  Since then, he has been utilizing his time to cover up this matter.
        The Re.3 lakh crore has generated about Re.30 lakh crore in black money.
          Now, he wants to mix the black money with the FDI ( Foreign Direct Investment). This would make the recovery of the back money more difficult, if not impossible. This will be a Deepavali for the holders of black money.

     A TV channel, on 14 November 2012, said that there was a sense of gloom in the Stock Market. The reason for this message was the last letter.


     As directed by the Supreme Court of India, the Union Government, on 14 November 2012, auctioned about two third of the 2G spectrum for Re.9400 crore. The act of auctioning the natural resources that yield profit over a certain maximum is out and out unconstitutional.  The denial of freedom of expression is the root cause for this predicament. The seal of the Supreme Court would not convert the auction into a constitutional one.

     BJP leader and Member of Parliament (MP) Mr. Balbir Punj said that the corporate houses were holding Re.9 lakh crore in cash reserves. The New Indian Express, on 17 November 2012, published this.  This is the accounted money. In contrast, the government has no money for any investments. 

       Prime Minister Manmohan Singh came face to face with US President Barack Obama at Phnom Penh in Cambodia during the East Asia Summit on 20 November 2012. The Prime Minister congratulated him on his re-election. Mr. Obama replied that India was a big part of his plan. There was no separate meeting between the two leaders due to paucity of time. Is the “paucity of time” related to the denial of freedom to Indians? The fact that the USA could have given freedom to Indians long ago is a different matter.

      The Reserve Bank of India (RBI), on 21 November 2012, banned bank loans to buy gold. When it gave Re. 3 lakh crore in the PF to private parties, it did not take this action. The Governor of the RBI must give an answer for this anomaly.
     
       The Union Government, on 21 November 2012, decided to sell 4 percent shares of the public sector Hindustan Copper Limited (HCL) on Friday the 23rd November 2012. In order to make the decision a constitutional one, the government must show this work to the people.

      The Union Government, on 21 November 2012, directed the public sector Life Insurance Corporation of India (LIC) to buy up to 30 per cent shares of the private companies. The LIC allots about Re.60,000 crore every year to buy shares.
          If the government had allowed the LIC to allot 30 percent of its premium income to buy properties, the policy holders would have got five to ten times the  insured amount for, say, a 15-year policy. Instead, the private companies removed the money without any repayment obligation and invested it in properties. As the beneficiaries have denied freedom and democracy, their assets now belong to the people. Only when this happens, Deepavali would mark the beginning of a new phase of optimism.

     This is Letter No.212. The majority of Indians are illiterate. They cannot speak. Yet, they have a right to hear the views of others. Prime Minister Manmohan Singh is not ready to give this right to them. Therefore, when someone speaks, it is the divine duty of the Supreme Court of India to protect their rights. Then 1000 million people would breathe an air of freedom.

       The facts from 12 November 2012 to 21 November 2012 are being submitted to Mr. Pranab Mukherjee, His Excellency the President of India, on 22 November 2012.
             The same letter is being sent to the Chief Justice of India, and the Chiefs of the Indian Army and Indian Air Force for necessary action.

V. Sabarimuthu
26-3 Thattamkonam
Vellicode
Mulagumoodu
629167
22 November 2012.
V. Sabarimuthu

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