Saturday, March 9, 2013

217.INDIA; The Private Companies.


217

A SUPERVISORY STRUCTURE

              The last mail was submitted to His Excellency the President of India on 24 February 2013. 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

      The Ministry of Civil Aviation, on 25 February 2013, stripped Kingfisher Airlines of its flying slots.
       Thus the Government blackens one more page in the history of India.
        Kingfisher Airlines is public investment. The Government should run it.

     The New Indian Express, on 26 February 2013, said that the year 2013 was turning out to be worse.
   The paper said this after observing the contents of the last letter. The paper wants some industries to flourish at the expense of the rest to make a better year.

    The CBI raided two dental colleges in the Tamil Nadu State on 27 February 2013.  
      The last letter restrains the Government from raiding any legally established institutions.  It may be recalled that Prime Minister Manmohan Singh, on 24 August 2004, described this as a tyranny. He said this to convert public assets into private assets is a different matter.

        BJP leader Mr. Revisankar Prasad and Communist leader Mr. D. Raja, on 27 February 2013, demanded a Supreme Court of India monitored probe into the helicopter scandal.
         The Supreme Court conceals 216 letters of this writer alone. The above leaders know this. Yet they propagate the law that ‘what the Supreme Court does can never be wrong’.

      Union Finance Minister Mr. P. Chithambaram presented the Union Budget for 2013-2014 on 28 February 2013.
       As usual, the budget was silent about the money in the Provident Fund (PF) and Pension Fund. It did not talk anything about the black money associated with the PF money either.
    Further, it was silent about the pension component of the salary income. As this writer mentioned this in this work, the Government should have noticed it.
     There was a provision to sell the shares of the Public Sector Undertakings (PSUs) for Re.55,814 crore.
    Curiously, the excise duty on mobile handsets priced over Re.2000 was raised from 1 percent to 6 percent.
     China sells mobile handsets all over India for Re.500 to Re.1000. Therefore, one would club this duty with the raid on Nokia-India Ltd.

   Gujarat Chief Minister Narendra Modi, on 3 March 2013, addressed the BJP National Council. The media gave great publicity to this - apparently as part of the A.K.Antony centred politics (ACP).

    The public sector State Bank of India (SBI) identified some properties of the Kingfisher Airlines for attachment.
      On what ground did the SBI give loan to the above company? Did it supervise the method of utilization? Or what role did it play for the security of its money? How could it throw away money like this?

       Finance Minister Mr. P. Chithambaram, on 5 March 2013, said that the Government would monitor the public sector and private sector undertakings.
      Thus the Government tentatively accepts the message of the last letter. The present writer used the word “supervise” and Mr. P. Chithambaram uses the word monitor.
    Effective monitoring might lead to the conversion of private companies into public companies.
    In this connection, it must be pointed out that in order to monitor a District Co-operative Society; the Government deputes two officers in the rank of registrar. This could be extended to all entities that use public money.

     Congress leader Mr.Rahul Gandhi, on 5 March 2013, said that his ideal was Mahatma Gandhi. He called him his “Guru” (teacher).
     All leaders in India - except the present writer- are the true followers of Mahatma Gandhi. The present writer is a different man because this work seeks to secure real FREEDOM not through fasting, “satyagraha”, processions or speeches.
     Mr. Rahul Gandhi, on the same day, said that he wanted to empower the youth to prevent an explosion.
      This work has caused an explosion - more powerful than a nuclear blast -in India. He knows this.
      If the people get FREEDOM, neither the Government could refuse to supervise the institutions nor could the Supreme Court restrain the Government from effectively supervising them.

       Prime Minister Manmohan Singh, on 6 March 2013, said that the Congress-led UPA performed better than the BJP-led NDA.
       Any repudiation would have exposed the Prime Minister. Therefore, the BJP digested what he had said. It did not even murmur anything about the Re.3 lakh crore in the PF because the leaders of the ruling and opposition parties had joined together in a small room to do away with it.

         BJP leader Arun Jaitly, on 6 March 2013, moaned that investment atmosphere in the country had changed from that of enthusiasm to sense of cynicism.
     Mr. Arun Jaitly believes that this work converted private companies into public companies.
      However, there is no room for cynicism because a supervisory structure would save the promoters of the companies from going to jail - as in the case of Satyam Raju. In fact, Mr. Raju would be enthusiastic because he might get back Satyam Company.
  

   The Indian tax authorities, on 6 March 2013, accused Cadbury-India of avoiding about $ 46 million in taxes.
   What did the tax authorities do for many years?
   However, it is heartening to note that they chose not to undertake any raid.

    Mr. M. Ravichandran, Director, All India Council of Technical Education (AICTE), on 6 March 2013, said that the promoters of many self-financing engineering colleges had opted to close down their colleges.
    If the Government cannot run the sick colleges, it shall not grant affiliation.

   The Comptroller and Auditor General (CAG), on 5 March 2013, disclosed that there was a corruption of Re.10,000 crore in the Re.52,000 crore farm debt waiver scheme. The Prime Minister said that stringent action would be taken against the culprits.
        In this connection, it must be noted that the above scheme was devised to pave way for giving the PF money to private parties.

       The Government of Kerala did not release pension for the month of February 2013 to the Kerala State Road Transport Corporation (KSRTC) workers drawing more than Re.14000 per month.
     Pension is a fundamental right of the people.
    If the people get freedom to go through this work, they would get angry with the chiefs of the armed forces because the welfare of the soldiers is closely related to the welfare of the people.
     An officer commissioned in the Indian Army after 2003 will have paid not less than Re. two crore towards Income Tax before his retirement. Yet, he will not get pension from the Government!
      The chiefs of armed forces should have pursued this matter.

      The Hindu, on 8 March 2013, reported that the Reliance Industries Limited (RIL) opposed the performance audit of the CAG. Instead, it wanted the CAG to undertake a financial audit.
    The RIL is more a public property than the Kingfisher Airlines. However, the audit should be a universal one and not a selective one. An army of officers is necessary for this.

    The government sold 2.06 shares of the public sector Rashtrya Chemicals & Fertilizers Limited for about Re.100 crore on 8 March 2013.
     The Supreme Court should have directed the Government to release this work to the press before selling the shares. It did not do so. Thus it added one more murder to its credit.
       The Supreme Court could do anything except destroying justice. Does not the Supreme Court destroy justice by not releasing this work to the press?
      The facts from 24 February 2013 to 9 March 2013 are being submitted to His Excellency the President of India and the Supreme Court of India on 10 March 2013.
    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
Tamil Nadu State
INDIA
Phone: 04651275520. Mobile: 9486214851
10 March 2013.


V.Sabarimuthu




 


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