Current Crisis Of Central Government Is Creation Of Congress Government And Bitter Truth Is That Without Curbing Corruption Congress Party Cannot Contain Current Crisis

Dirty Politics of Central Government has landed India into Crisis; Social, Political International as well as Financial. Present position of India's economy is that despite all big promises made by the government, they are unable to contain price rise, they are unable to control cancer of corruption and they are unable to control and reduce dangerous growth of naxalism and terrorism.

Government is unable to stop creation of black money and unable to remittance of black money to foreign banks. 

Crime escalation remains unabated. 

Similarly exports are coming down and import is going up . 

Fiscal and Current Account deficit is increasing year after year. Government is now under compulsion to invite Foreign Direct Investment 

Despite all relaxation in interest rates Reserve Bank of India is unable to control inflation. 

Banks run by government are no more in a position to undertake the job of micro financing. Farmers and small traders as also small scale enterprises are not getting enough fund from banks because of the fact that banks are busy in earning profit by lending to rich borrowers.

Banks were nationalised for social upliftment but unfortunately during course of time they have now become Bank for growth of personal property of corporate houses and bankers themselves. Social banking has been replaced by class banking and social welfare oriented banking has been replaced by profit oriented banking 

Further to add fuel to fire, due to corrupt judiciary and administrative services., it has become difficult for banks as well as the government to recover the money from willful defaulters of bank loans. 

Indians judiciary and Indian administrative services are unable to help banks in recovering money from bank defaulters. Recycling of money has slowed down and money has been blocked by rich as well as poor farmers. 

Money lent to borrowers does not come back to bank as per stipulated time schedule. Due to this banks are frequently victim of liquidity crisis.. Politicians are not ready to stop their bad culture of using banks for political purpose.

RBI has to help banks to cope with the crisis because credit deposit ratio has increased to almost 90 percent  Present bitter truth is that small banks are facing acute crisis of capital to comply Basle III norms. And it is not surprising that they have become takeover target of bigger banks. 

Finance Minister understands it very well that central government is not in a position to infuse capital to these sick banks capital as required under Basle III norms and hence he has been advocating merger and consolidation of banks. Hence Consolidation of Public Sector Banks IS no more a business strategy to make world class bank. But it is more or less a case of Compulsion To Comply Basle III Norms Just AS FDI has become  Compulsion for central government To Combat Fiscal Deficit

Present government can apply all powers to recover eight lac rupees from Arvind Kejriwal and a few crores from Ramdeo. But it finds difficult to recover thousands of crores of rupees from Kingfisher or Deccan Chronicle or Zoom developers.

This government can teach a lesson to Balkrishna for his microscopic fault in his application for getting a passport but cannot teach lesson to those who are involved in 2G scam or Coal scam or CWG scam or Bank loan scam.

Government can allow spending hundreds and thousands of crores of rupees on IPL but cannot afford or cannot manage enough fund for construction of warehouses, cold storages and godowns for storing food grains.

Government can put farmers and small traders in jail for evasion of income tax or sales tax or for encroachment on road, but can punish corporate for evasion of tax to the tune of crores of rupees or for not paying income tax or service tax or sales tax or custom duty.

Government can appoint Lokayukt for treating the misuse of rural NGOs and SHGs but cannot treat Salman Khurshid with same stick. Government can transfer officers who put hurdles in the way of Vadra in creation of wealth but cannot punish those ministers who extended illegal and improper help to Vadra in grabbing land at microscopic petty amount.

Government can impose penalty to salaried class people or persons in low income or middle class income group but do not have courage and will to impose penalty on big corporate houses that are not paying income tax even though they are earning crores and crores every year.

Government can force bankers to lend money to real estate builders and corporate houses at lowest rate say at base rate but unable to stop Micro Finance Companies who charge exorbitant rate of interest when they give money to farmers and small traders.

And so on…………………………………….

WEDNESDAY, JULY 18, 2012

Power Promotes Corrupt Culture , Flattery and Bribery

I am furnishing two illustration below to substantiate the fact that officers who do not flatter to bosses, who do not extend personalized services to the bosses, who do not sit late to say YES and YES SIR on all right or wrong orders of bosses , who are not ready to work for family of the bosses , who do not earn bribe and share with bosses,are to face the music, are to face losses in career, low marking in Annual appraisal Reports, low marks in Interview ,posting at critical places and what not. 

http://dkjain4970901092007.blogspot.in/2012/07/power-promotes-corrupt-culture-flattery.html

THURSDAY, DECEMBER 22, 2011

Flattery to Nehru Family is Old Culture

Ramdeo Baba has been making his best efforts with the support of his followers to build pressure on the government to bring back Black Money from Foreign banks. But flatterers of ruling party who form a caucus around Manmohan Singh suggested for crushing of Ramdeo Movement. They succeeded in their dirty goal by using their dirty means.

http://jaindanendra.blogspot.in/2011/12/flattery-to-nehru-family-is-old-culture.html

TUESDAY, JUNE 19, 2012

Democracy Promotes Flattery and Bribery

A person who is really good will seldom be like by others who hold the key post without having so much of goodness. In democratic set up, goodness of a person is measured by crowd of illiterate persons. Number of good people in such crowd is more often than not, ineffective, nominal and negligible.

http://danendrajain.blogspot.in/2012/06/democracy-promotes-flattery-and-bribery.html