384
THE RESERVE BANK OF INDIA:
TAKING ORDERS FROM CHINA?
The
Food safety and Standard Authority of India (FSSAI), on 6 June 2015, banned the Maggi noodles because they contained
lead. Apparently, they got it from the onion used for preparation.
The FSSAI must analyse all edible items. It must publish the report with
all sincerity.
It must ascertain whether any
liquor contains any chemicals like chloral hydrate or not.
The Governor of the Reserve Bank of India (RBI), Mr. Reghuram
Rajan, on 6 June 2015, said that the interest rates will depend on the
monsoon.
The interest rate was discussed
earlier in this work.
The RBI should have noticed it.
The interest is paid as compensation
for the fall in money value.
Therefore, the rate must be a function
of the money value.
It shall not be like the vagaries of
monsoon.
Sudden fall in value is in the interest
of the manipulators.
Therefore, the value must fall on a
daily basis.
This encourages exports and
discourages imports.
This inhibits speculations also.
At the present rates, the currency
must fall by about 8 per cent.
The Governor might say that it would
affect the remittances.
He might reckon other factors also.
Therefore, the fall in value could be
put at 6 per cent.
This works out to 0.0164 per cent per
day.
The lending rates in key sectors must
be less than 7 per cent.
The rubber production has fallen to
abysmal level.
One reason is money value.
As a result, thousands of workers lose
jobs.
The marginal farmers commit suicide.
The RBI Governor conceals many things.
He should not take orders from China.
He must explain his theory behind
interest rates.
He must issue speaking orders.
This
is letter No.384.
This email is being submitted to
His Excellency the President of India, Supreme Court of India, Chief Vigilance
Commissioner, Indian Army and the Indian Air Force, and posted in the
blog: www.howeverythinghappenedinindia.blogspot.com on 7 June 2015
7-6-2015.
V. Sabarimuthu,
26-3 Thattamkonam, Vellicode,
Mulagumoodu PIN: 629167, India.
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