Thursday, July 11, 2013

224. The Gold Prices - A Colossal Loss

224

A COLOSSAL LOSS


         The last mail was submitted to His Excellency the President of India on 27 June 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 Union Cabinet met on the next day. It decided to set up 51 low cost airports. The government, on the same day, said that Re.1.15 lakh crore would be invested in infrastructure projects in this year.
    The Government should have done this on day one of assuming power.

    The Department of Income Tax, on 2 July 2013, seized four big trucks - parked at Mumbai Railway Station - full of brief cases containing high denomination currency notes, gold and diamond. 47 people were detained and twenty were let off after initial questioning. They had planned to load it in a train going to Gujarat. A few police personnel under an Inspector of Police had escorted the trucks.
    The learned judges of the Supreme Court might have noticed the above detention. Yet they did not consider it as their duty to reveal the story behind this money. Is there any other authority to enlarge the freedom of Indians?

     BJP leader Mr.  L. K. Advani, on 2 July 2013, praised Sardar Vallabhai Patel for forcefully integrating Hyderabad into the Indian Union despite the opposition of Mr. Nehru.
    Thus he supports Chief Minister Narendra Modi to install a statue of Mr. Vallabhai Patil by spending over Re.2500 crore.
   The statues of all post independence political leaders that exist all over India are a symbol of slavery because they grew and functioned as the slaves of the manipulators.
   The above condition slightly disturbed the mind of former Union Minister Mr. Shivaraj Patil.
  The people will remember Queen Elizabeth also because she did not hesitate to use her moral power to give Liberty to Indians.

   The Central Bureau of Investigation (CBI), on 8 July 2013, demanded the Supreme Court of India, to modify its earlier order to make it an autonomous body.
      The demand of the    CBI shows that the government does not want ignorance to rule the destinies of this beautiful country.
   Earlier the government had approached the Supreme Court, in vain, to give answers to the unanswered questions. 

      The next Chief Justice of India, Justice P. Sathasivam, on 8 July 2013, said that the Other Backward Communities (OBCs), Scheduled Castes (SCs), Scheduled Tribes (STs) and the minorities must get adequate representation in the Supreme Court although there was no reservation rule.
    The learned judges –while talking like this- keep the SCs, STs and the OBCs away from the Supreme Court.
    As a senior judge of the Supreme Court for many years, Justice Sathasivam could have rectified this. He did not do so.
   Will not the people doubt his integrity now?
      Justice Sathasivam alone could answer the above question.

      Edward Snowden, former Central Intelligence Agency (CIA) employee, said  that the USA spied on foreign missions – India included.
    Mr. Salman Khurshid, External Affairs Minister of India, said that the surveillance of the USA did not amount to “snooping”.
    To this the BJP leader, Mr. Ravi Shanker Prasad, wanted the government to share all available facts with the political parties. Mrs. Brinda Karat, a leader of the CPM, said that the surveillance violated the UN conventions.
    The government then agreed to take up this matter with the USA.
    It must be noted that the media reported the views of the representatives of the manipulators alone in this matter.
   
    India witnessed a great natural calamity at Kedarnath in the last week of June 2013. Flash floods- the worst to hit Uttarkhand  State in a century- devastated Kedarnath and the surrounding areas. Thousands of pilgrims died.
    Japan condoled the Uttarakhand deaths and announced an emergency grant of $ 2,00,000 (abut Re. 1.2 crore) through International Federation of Red Cross. The USA announced an aid of $ 75,000 through an NGO called Catholic Relief Services.
    When the Tsunami destroyed the east coast, Prime Minister Manmohan Singh refused to accept a huge amount of aid from many countries. Now, he is ready to accept even a small amount!

  The Union Government, on 3 July 2013, sold 4.01 per cent shares of the public sector Hindustan Copper Limited (HCL) for Re.260 crore.
   The sale is an illegal one because the government sold them after taking away the Liberty of the people to know this work.

    The Governor, Reserve Bank of India (RBI), on 8 July 2013, said that eleven officers would supervise the functioning of the private rural banks in the Tamil Nadu state.
     This is not sufficient. Two or three officers must supervise every big private bank on a permanent basis.
    When the SUS bank in the Tamil Nadu state became sick, hundreds of people died of heart attack.
    The liquidation of the above bank benefits the liquidator – a judge- only.
   Therefore, the RBI must direct the state government to take over this bank and refund the money to the depositors forthwith.
  
  According to a report, the trade deficit of India with China stood at $ 29 billion in the last year.
     It is one of the greatest disservices the government is doing.

   The Supreme Court of India, on 10 July 2013, asked the government to tell the reason why the CBI should seek the sanction of the government to prosecute public servants in court monitored cases.

   The Supreme Court, on the same day, asked the government to justify the method of coal allocation.
   It is pertinent to recall that, on 7 May 2010, a three judge Bench of the Supreme Court observed in its judgement that all natural assets must be handled by Public Sector Undertakings (PSUs). It even used the words “constitutional democracy” as mentioned in Letter No. 139. Had the judgement been executed, the question of allocation would not have come at all.
    Is it not the duty of the Supreme Court of India to justify its action now?

    Striking down a provision in the electoral law, a Bench of the Supreme Court comprising Justices A.K. Patnaik and S.J. Mukhopadhaya, on 10 July 2013, held that the Members of Parliament (MPs) and MLAs, on conviction for offences would be disqualified from holding membership of the House without being given three months time for appeal.
    While striking down the provision, the Bench should have provided against failure of justice in the courts.


  Union Finance Minister Mr. P. Chithambaram, on 10 July 2013, requested the US companies to invest in India. Earlier he had advised Indians not to buy gold for one year for the sake of the Indian economy.
    India resorted to the devaluation of the currency to prevent the prices of gold from falling in the domestic market. Yet, the prices of gold are falling.
       The reason for this paradox must be noticed.
    The Union Government gave Re. 3 lakh crore in the Provident Fund (PF) to private parties when the international price of gold was around $600 per ounce. The recipients were encouraged to buy gold. As a result, the prices of gold increased to $1800. When India discouraged the import of gold, the prices fell to $1200.
     According to a rough calculation India lost about $ 200 billion in this year. If the Supreme Court could disclose the whereabouts of the PF money a precise calculation could be made.
   No political party is ready to murmur anything about this.
   Who is responsible for this colossal loss?  
   If the Supreme Court had given Liberty to the people to know this work, this would not have happened.
    Is it not the Supreme Court that had committed robbery on the innocent Indians?  
                 The facts from 27 June 2013 to 10 July 2013 are being submitted to His Excellency the President of India on 11 July 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 PIN: 629167
Tamil Nadu State,
INDIA
Phone: 04651275520. Mobile: 9486214851
11 July 2013.

For further reading visit:
1.www. vajpayee.blogspot.com
2.www. primeministervajpayee.blogspot.com
3.www.primeministerdevegowda.blogspot.com
4.www. storyofananthapadmanabhan.blogspot.com
6. www. howeverythinghappenedinindia.blogspot.com
7. www.theconfidants-india.blogspot.com
8.www.inbadfaith-india.blogspot.com
Other blogs of this writer are:
1.  www. effectiveinorganicchemistry.blogspot.com
4.  www. mylife-sabarimuthu.blogspot.com
V. Sabarimuthu (from file)









   

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