Next year we are going to add 12.5 Million Air-Conditioner to our already over heated environment.

Read my take on this at the following link.

China is going to spend 71,40,000 Crores to stimulate its economy!

The Government in People's Republic of China has decided to spend 850 Billion US Dollars from its kitty to stimulate its own economy.

In terms of Indian Rupees, that works out to 71,40,000 Crores.

In contrast, the total reserve of foreign exchange in India is just 700 Billion US Dollar.

This is being done to give a push to the domestic economy that has been lagging.

Suddenly, a huge demand is going to emerge as people at large are given money.

Whenever people get money, they do either of the two, spend or save. When they spend, they create demand for goods and services and this increases the GDP of the country. 

If they save, then the money sits in the banking sector and is available for lending to those who can productively use money to set up enterprises and grow the economy by providing more goods and services and jobs.

The basic difference between what has been happening in India and China is that the Chinese Government has decided to pump the money into the bottom of the pyramid, from where it will travel upwards to those who produce goods and services.

In India, the government has been giving reckless reliefs and concessions to the rich class with the result that the economy is deprived of wide scale purchasing power. The rich are just 10% and out of that too, the wealth is concentrated in the hands of top 1%.

Even if this 1% was to spend, they would not be able to have a wide impact on the economy. Secondly, they don't spend on mass produced goods and services, they are spending only on luxury and third is that it is their money they are spending thus the decision to spend or not spend lies with them. 

The stimulus in China is going to increase consumption at a wide level.

That is why, in expectation of a booming market and its consequent effect on the stock exchanges, investors have started to divest in countries like India and have started moving their money to China.

The Foreign Financial Institutions (FII's) have been selling equity holdings in India and taking their money to China.

The question is, will India too go for a financial stimulus?

Chances are dim.

How Government killed BSNL

 

This is how Government killed BSNL;

• First, it allowed it to bid for 4G Spectrum, then for no reason, it asked BSNL to take back the money and did not allot it any 4G Spectrum.
  
• Then it allotted it 4G Spectrum.
• Then it told BSNL that for 'security' reasons, it has to buy 4G equipment only from an Indian vendor.
• Government knew very well that there was no 4G equipment vendor who could provide equipment to BSNL.
• The contract was awarded to TCS.
• TCS failed to meet several deadlines to develop and deliver the equipment.
• BSNL continued to work with 3G technology and kept losing customers to Jio, Airtel and Vodafone.
• Then the competition, Jio and Airtel moved on to 5G technology.
• BSNL lost more customers with each passing month.

Now, TCS has finally delivered on 4G equipment and BSNL has started rolling out 4G in parts of India. The damage has been permanently done. First was the poor perception of a Government owned company and second was the delays in technology.

News today is Airtel and Jio have placed multi billion dollar orders on Erricson, Nokia and Samsung to purchase 5G eqipment

BSNL, the company owned by the citizens, I and you, is not yet ready with 4G.

It will take another few years before BSNL moves to 5G.

By that time, it will be almost without any customers.

By the way, Government now holds 23% equity in Vodafone, the company that has more then 3,00,000 Crore as debt and is tottering on the verge of failure.

But Government will not allow BSNL to use the Vodafone network although it is the single largest share holder in Vodafone and with more dues likely to get converted into equity may become the main share holder in Vodafone.

This is how Narendra Modi's government has killed BSNL for the benefit of Jio and Airtel.

Soon, Gautam Adani may make a bid for BSNL and it might get sold for a song and people will be told that it is good for them as the company was 'loss-making'.

What they will not tell you is that Narendra Modi's government killed it.

Yeh Baat Kuch Hazam Nahi Hui Sir

Image used for representational purposes

The Eknath Shinde/Fadnavis/Ajit Pawar Government decided to waive off toll for Light Motor Vehicles beginning midnight of 14th October 2024.

The model code of conduct for elections announced in Maharashtra too kicked in at the same time.

 It is another attempt at swaying the voters to vote for Mahayuti Sarkar of Shinde/Fadnavis/Pawar.

In a statement, Eknath Shinde claimed that this was not being done keeping the elections in mind.

Of course, all the 38 ground breaking ceremonies, all the schemes, like the Ladki Behna Scheme, all the sops have got nothing to do with elections.

What wonders is that why all of this is happening in the last 30 days of the existence of this ‘illegal’ government?

The Supreme Court had categorically called this government ‘illegal’ but refrained from pulling it down, leaving the decision to the speaker, Rahul Navekar. The speaker dragged his feet for two years and then said that all MLA’s remain qualified even when they had broken all rules of anti-defection law. Those who defected were allowed to continue and those who continued to remain in the old outfit were allowed to continue too! The breakaway party was given the official tag by the election commission and those who remained back, defying the whip of the breakaway party, were also not disqualified!

Ostensibly, Eknath Shinde claimed that he was worried about the delays on the toll booth face by car owners and therefore took the decision. He is not interested in the chair (sic) but only interested in the interest of the people.

As per contract between the Government and the Toll Operator, all losses incurred by this decision will have to be borne by the Maharashtra Government.

It is estimated that 2,80,000 Light Motor Vehicles pay toll every day. Calculated at 90 Rupees for a round trip, the amount works out to 2.5 Crores per day or 919.8 Crores every year.

According to official data, the loss is just 50 Lakhs per day, which defies all calculations. Even if one was to consider 2,80,000 vehicles at 45 Rupees per day, the amount comes to 1.2 Crores per day and not 50 Lakh as officially claimed.

The toll concession was given for 16 years for 2100 Crores. Assuming that just 1 Crore was collected every day for 16 years, the amount comes to 1 Crore x 16 Years x 365 Days = 5,840 Crores. The MEP (Mumbai Entry Point) Company walked away with 3,740 Crores (after kickbacks and bribes of course).

Earlier this money was being paid by those who were using the roads, now it will be paid by everybody in the state as now this money will be paid by the State Government from its own tax collection taken from those who live in Maharashtra. That man in Latur too will pay for this decision as will the people of Pune.

It is a good move anyway. The cost of flyover / bridge construction has been recovered a long time back but the toll was continuing. It was a long pending demand of the citizens of Mumbai. Toll plaza’s were leading to traffic snarls and wastage of precious fuel which is an imported commodity.

Although the removal is good, it would have been better that the government had cancelled the toll contracts and removed the toll plaza’s all together by paying off the toll operators their dues. That would have been a better one-time solution.

This attempt to appease the voters and then claiming that this has nothing to do with the elections makes one say, ‘Yeh Baat Kuch Hazam Nahi Hui’.

And this article confirms the fact that Toll has not been done away with, it has only been transferred from the vehicle owners to all the citizens of Maharashtra.

 

Rich take out 19,50,000 Crores from India, send it to Hong Kong, Singapore

One Billion US Dollar is 8300 Crores (at an exchange rate of 83 per US Dollar). According to this report published in Business Standard, the rich have taken 235 Billion out just to Singapore and Hong Kong.

That is 19,50,500 Crores.

This is more than the money that was demonetized on 8th November 2016. Total Currency (500/1000) Notes demonetized was 15.98 Lakh Crores.

It is usually said that it is the rats are first to come to know that th e ship is sinking and therefore, they are the first to abandon ship.

The rich, having made their fortunes here in India are not sticking around.

And then there are idiot NRI's who are still sending money and investing in India, all thanks to Modi's road shows.

 

BJP has destroyed every party that it has allied with

 

 

BJP follows the 'Embrace and Destroy' method.

It allied with the Akali Dal, today Akali Dal lies in tatters.

It allied with BJD in Odisha, the result is that BJP rules Odisha and won all the Lok Sabha seats from there.

It allied with JD(U) and see Nitish Kumar has been cut to size.

It allied with PDP in Kashmir, PDP returned with just 3 seats.

It allied with Shiv Sena and tried to destroy it. When it could not destroy it, as Uddhav Thackeray stood his ground, they split the party using ED and CBI threats.

In the 2019 elections, BJP and Shiv Sena fought the Maharashtra Elections together.

Before the election, Shiv Sena was told that they will get a CM for 2.5 years and BJP would get for 2.5 years.

This was promised to Uddhav Thackeray before the elections by none other than Amit Shah.

After BJP managed to get 105 seats and Shiv Sena got 56, out of a total of 288 seats, the alliance had crossed the majority mark of 144 and was all set to form the government.

The only question that remained is who will rule first, BJP or Shiv Sena? Shiv Sena was ready for either the first 2.5 years or the second 2.5 years.

But BJP went back on its promise of giving half the term to Shiv Sena.

Mind you, at that point of time, Uddhav Thackeray was not even an MLA and not in the race to become the CM.

Actually, he later revealed that he would have put Eknath Shinde as the CM candidate, had BJP agreed to the prearranged formula.

But BJP was worried, if it gave Shiv Sena the first 2.5 years and they gave a spectacular governance, then BJP would be in the soup, and if the gave the later 2.5 years, that would put Shiv Sena in the pole position before elections.

So, Amit Shah decided not to honor his promise and did not even come to Mumbai after the elections.

As there was no one party in a position to form the government, the state was placed under President's Rule.

Then we saw the drama of Devendra Fadnavis taking oath as CM and Ajit Pawar as Deputy CM one day at 5 a.m.

This was the same Ajit Pawar that Devendra Fadnavis had said, would be arrested and sent to jail, where he would 'Chakki Peesing aur Peesing aur Peesing'!

That arrangement did not last for even three days.

The result was Devendra Fadnavis had to cut a sorry figure and Ajit Pawar walked away with a 'clean-chit'.

After that, NCP, Congress and Shiv Sena came together to form the MVA and Uddhav Thackeray was asked to become the CM.

When he became the CM, Uddhav Thackeray did not attend the assembly as he was not yet a member of the assembly.

It was later that he got elected as an MLA and only then did he start attending the assembly.

30 months later, Devendra Fadnavis split the Shiv Sena and took away 40 MLA's under the threat of ED/CBI arrests and formed the Maha Yuti Government.

This Government was declared illegal by the SC but it did not pull down the government. One of the blots on the tenure of CJI DY Chandrachaud.

Uddhav Thackeray has time and again warned about BJP attempt to destroy Shiv Sena and they almost succeeded.

In 2024, given the BJP's poor performance in General Elections, it is estimated that BJP's numbers will fall to 50-55 from the 105.

The Adani factor, the taking away of projects to Gujarat just before the Gujarat Elections and the collapse of a statue of Shivaji are all things that weight heavily on BJP.

BJP's plan of destroying Shiv Sena failed. It will lead to surprising results in the upcoming Maharashtra Elections.

Eknath Shinde's 'illegal' government survives 30 months

 

Two and half years ago, a group of 40 MLA's from Shiv Sena were given an option;

 

Take 50 Crore each (Pannas Khoke) and split the Shiv Sena or go to jail in cases that would be filed if they refused the offer.

 

All the 40 MLA's were shown their files that were ready with the ED, if they chose not to split.

They took the decision to split the party and join BJP and form a new government.

 

Eknath Shinde had then said that his government will last the entire term and no court will be able to do anything as he was being backed by very powerful people (alluding to Modi and Shah).

 

True to what he had said, 30 months later, even the highest court of the country, did not remove the government it called illegal in its own order.

 

Under normal circumstances, such an act, of giving people a Hobson's choice is called Black Mail.

 

What Modi/Shah have been doing is nothing other than black mail. They allegedly are having dossiers on all the corrupt people in the country, including their own leaders and party men/women. That is why there has been no rebellion within the party to their high handedness.

 

For all that you know, they might be having such dossiers on the judges too.

 

That would explain why the SC, even after calling the Maharashtra Government illegal, refused to remove it from power and played passing-the-parcel with Maharashtra assembly speaker.

 

It is now for the public to ensure that Eknath Shinde and his associates, Devendra Fadnavis and Ajit Pawar (the 1000 Crore Irrigation Scam tainted) are thrown out of power.

 

If that does not happen then blackmail would have won the day.