531. The Indo- Chiina relations.

531

THE INDO – CHINA RELATIONS

          The Hindu, on 14 September 2016, said that the new Governor of the Reserve Bank of India (RBI), Mr.Urjit, has no control over the currency.

          The Governor has not opened his mouth since assuming office. But, The Hindu has started defending him.

          It is his onerous duty to explain the whereabouts of the money extracted for imports. Does the RBI hand over the extracted money to the Government? Does it keep the money in a separate account? Or, does it hand over a part of the money to the Government as and when needed?

Similarly, he must explain the whereabouts of the Provident Fund and the Pension Fund.

Chairman of Tata Group Mr. Cyrus Mistry, on 14 September 2016, said that his company was optimistic about acquisitions in India and abroad. He added that the overseas business was making 70 per cent of the revenue.

It must be noted that the assets of the Tata Group in India and abroad belong to the Government of India. The Supreme Court of India and Mr.Mistry know the reasons.

However, the situation would slightly change if the Tata Group is ready to restore the Satyam Computers to Mr. Ramalinga Raju.

The Directorate of Enforcement (ED), on 13 September 2016, directed Mrs. Nalini Chithambaram, wife of former Union Minister Mr. P. Chithambaram, to appear before it.

The Supreme Court of India has made corruption so pervasive that it is now a way of life in India. In fact, it connives at some big evidences deliberately. Therefore, there is no meaning in sending any economic offender to jail. The court can attach their assets provided it does not distinguish between the offenders.

         

          The trade deficit of India with China is $48 billion per year. It is bound to increase further. Due to indiscriminate imports from China, thousands of Indian industries –mostly small scale industries - have perished. They cannot be revived easily.

          China, in turn, considers India as a child and does everything for it. It does not even admonish India for anything.

          But India is not free to take any economic decision that would displease China. It cannot take any decision to annul the trade deficit with China. If it does, the latter would create problems in the Indo- China border.

The present condition is that India cannot even devalue its currency without the prior permission from China.

          Thus, Prime Minister Mr. Narendra Modi secretly converted India into a slave nation of China.   

          If the Government had enforced freedom of expression, the people might have prevented it.

          As there is no public opinion, Mr. Modi does not realize the enormity of his crime.

This is letter No.531

          This letter 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 15- 9- 2016.

15 September 2016.

V. Sabarimuthu,

26-3 Thattamkonam, Vellicode, Mulagumoodu PIN: 629167, India. 

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