Re: [IAC#RG] CHIDAMBARAM’S SILENCE ON CORRUPTION RIDDEN GOVERNANCE

Hello friends
Banks in general is acting like 'SHYLAKS' in thier dealings with customers. RBI has brought down CRR to 4% from 9% in 2010 where as banks were charging 10.5% on educational loans having BPLR rate in 2010 and same bank now charges 14.5%. All these shows the total lack of governance and rule of law existing in the country. CRR being a deposit with RBI having no return of any sort is a dead deposit of bank funds. Banks could get release of additional funds to the tune of 5% of their deposit which in actual terms amounts to Rs. 3,72,000/- on a deposit figure of 72lakh crores. Inspite of this benefit they went on increasing the interest especially for a scheme targeted to economically weaker sections. Banks in general follows the KYC norms metticulously which for them is 'Kill your customer' rather than 'know your customer'. The clamour for reduction of RBI rates should be benefited to the customers and banks should reduce interest rates in tune with
RBI steps. Banks have to follow inclusive aproaches rather than exclusive. To maintain just and fair financial business there should be effective control and supervision which is totally lacking in the country.
Dr.M.C.GEORGE,ADVOCATE,INFAM(IndianFarmersMovement)National Trustee.
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On Sun, 1/9/13, Vijoy Ambasta <vijoy.ambasta@gmail.com> wrote:

Subject: Re: [IAC#RG] CHIDAMBARAM'S SILENCE ON CORRUPTION RIDDEN GOVERNANCE
To: indiaresists@lists.riseup.net
Date: Sunday, 1 September, 2013, 6:11 AM

You surely have the right to
own a house but with your own cash without borrowing. Once
you borrow Rs 100 you end up paying back Rs 180. Karz lena
to dunia mein sabse bada curse hai. Read Chanakya artha
shastra & not the western way of economy. Greed is what
one sees in the opulence of others. It does not belong to
you.so why have a craving for that. That is what i meant by
contentment. We have a;; become greedy due to cheap loan
that makes all of us greedy.
Vijoy

On Fri, Aug 30, 2013
at 11:06 AM, mukta rae <mukta.rae@gmail.com>
wrote:

mr vijoy 
kudoa 
you talk like the bank employee. I have a right
to own a house and it has nothing to do with greed. Bank
employees till the top all enjoy those luxuries which you
feel a borrower does not deserve, with whose money



On Thu, Aug 29, 2013
at 7:53 AM, Vijoy Ambasta <vijoy.ambasta@gmail.com>
wrote:


this is what debt ridden economy means.If one does
not have the cash to pay for a car or house why can't he
live in rented apartments and use public transport.. If one
has Re 100 he must never spend Rs 1000.This is the reasons
why the EMI have increased by 100 %.as this is exactly what
is happening now. The theme needs to be contentment and cut
down on greed and show off life style that does not belong
to you.


Vijoy

On Wed, Aug 28, 2013
at 7:12 PM, mukta rae <mukta.rae@gmail.com>
wrote:



Hi
I have going through your mails regularly and
some of them are really good and hope they are giving you
desired results.



 Here I need to raise a doubt I have in mind
regarding RBI and banks . In last 10 years I have watched
time to time RBI raising interest rates thereby affecting
the EMI payer , the banks are under obligation in utrn to
raise the EMI of the borrower, but when the RBI decreases
the interest rates there is no compulsion for the banks to
decrease the same. The end result is in last 10 years the
EMI has increased by 100% and the borrower is endlessly
paying to the bank with the number of years of EMI increased
and the amount increased. The borrower is literally the
tenant of the bank. 





On Tue, Aug
27, 2013 at 8:09 PM, Venkatraman Ns <nsvenkatchennai@gmail.com>
wrote:






 ToIndia Against Corruption






                   CHIDAMBARAM'S 
SILENCE 
ON CORRUPTION RIDDEN  GOVERNANCE

 Replying to the
debate in parliament on  27th
August , P.Chidambaram   blamed  several external
factors   as
well as the judiciary's  "interference"  for the
country's  economic mess 
, as if  he has no  responsibility .   He 
made  empty promises  like curtailing current account
deficit,  boosting manufacturing sector  etc. 
without really explaining  why he
has not done this all these years and how he would do it now
which  the UPA  has not done during its
governance.

The real grim fact
which he conveniently ignored  is the
widespread corruption in the governance by UPA government,
resulting in
siphoning of thousands of crores of rupees 
by unscrupulous ministers ,  politicians
 and bureaucrats and associated business
men , which resulted in coal scam , 2G scam, Commonwealth
scam  etc. etc. Money meant for development  projects 
are now largely in the pockets of unscrupulous people
forming part of
this government  and Finance Minister has
nothing to say about this as this will amount to blaming
himself.

He   indulged in empty  rhetoric  asking 
why should we import  coal . The
country  is forced to import coal because
of the coal scam of the government.   Are
we not paying a huge price  for the
corruption  ridden  governance led by Manmohan Singh
? N.S.Venkataraman

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