One-stop shop to make India 20 times richer

Category: Bad ideas!

List of RBI’s 30 circulars regarding demonetisation. Complete confusion. And you say these people are “not stupid”, Bibek Debroy?

The RBI has been issuing circulars regarding demonetisation at an amazing rate. [Looks like someone has already done it here – in the outline.]

This is a huge task (I didn’t realise there were 30 of these circulars!), but I’ll start with a couple now and try to link to the others in due course as time permits.

First a few jokes

On Whatsapp: “With withdrawal of their circular issued yesterday by Reserve Bank of India it has become reverse bank of india”

DCM (Plg) No. 1911/10.27.00/2016-17 December 21, 2016

Please refer to our circular DCM (Plg) No. 1859/10.27.00/2016-17 dated December 19, 2016. On a review of the above, we advise that the provisions of the above circular at sub para (i) and (ii) will not apply to fully KYC compliant accounts.

DCM (Plg) No. 1859/10.27.00/2016-17 December 19, 2016

On a review of the provisions ii, iii and iv at C of Para 3 dealing with credit of the value of SBNs into bank accounts it has been decided to place certain restrictions on deposits of SBNs into bank accounts while encouraging the deposits of the same under the Taxation and Investment Regime for the Pradhan Mantri Garib Kalyan Yojana, 2016 as indicated below:

Tenders of SBNs in excess of ₹ 5000 into a bank account will be received for credit only once during the remaining period till December 30, 2016. The credit in such cases shall be afforded only after questioning tenderer, on record, in the presence of at least two officials of the bank, as to why this could not be deposited earlier and receiving a satisfactory explanation. The explanation should be kept on record to facilitate an audit trail at a later stage. An appropriate flag also should be raised in CBS to that effect so that no more tenders are allowed.

Tenders of SBNs up to ₹ 5000 in value received across the counter will allowed to be credited to bank accounts in the normal course until December 30, 2016. Even when tenders smaller than ₹ 5000 are made in an account and such tenders taken together on cumulative basis exceed ₹ 5000 they may be subject to the procedure to be followed in case of tenders above ₹ 5000, with no more tenders being allowed thereafter until December 30, 2016.

It may also be ensured that full value of tenders of SBNs in excess of ₹ 5000 shall be credited to only KYC compliant accounts and if the accounts are not KYC compliant credits may be restricted up to ₹ 50,000 subject to the conditions governing the conduct of such accounts.

The above restrictions shall not apply to tenders of SBNs for the purpose of deposits under the Taxation and Investment Regime for the Pradhan Mantri Garib Kalyan Yojana, 2016.
The equivalent value of specified bank notes tendered may be credited to an account maintained by the tenderer at any bank in accordance with standard banking procedure and on production of valid proof of Identity.

The equivalent value of specified bank notes tendered may be credited to a third party account, provided specific authorisation therefor accorded by the third party is presented to the bank, following standard banking procedure and on production of valid proof of identity of the person actually tendering, as indicated in Annex-5 of our circular cited above.

DPSS.CO.PD.No.1515/02.14.003/2016-17 December 16, 2016

DPSS CO.PD.No.1516/02.12.004/2016-17 December 16, 2016

DBR.AML.BC.48/14.01.01/2016-17 December 15, 2016

A reference may be made to the following provisions of the Master Direction on Know Your Customer (KYC):
(i) Section 8(d) and (e), wherein it is mentioned that concurrent/internal audit system of the Regulated Entities (REs) has to verify the compliance with KYC/AML policies and procedures and submit quarterly audit notes and compliance to the Audit Committee,

(ii) Section 23, wherein instructions on operation of ‘Small Accounts’ are given, and

(iii) Section 67, wherein it is advised that the Permanent account number (PAN) of customers shall be obtained and verified while undertaking transactions as per the provisions of Income Tax (I.T.) Rule 114B applicable to banks, as amended from time to time. Form 60 shall be obtained from persons who do not have PAN. It is clarified that in terms of I.T.Rule 114 B, transactions include opening of accounts with banks, NBFCs, etc;

2. It has been brought to the notice of the RBI that strict compliance with the above provisions is not being ensured in some cases. In view of this, REs are advised as under:

(i) They shall strictly comply with the extant instructions stipulated at Section 8(d) and (e) of the Master Direction;

(ii) In respect of ‘Small Accounts’, the prescribed limits/conditions shall not be breached and compliance therewith shall be strictly monitored. If any customer desires to have operations beyond the stipulated limits, the same shall be allowed only after complying with requirements for opening a normal account including completion of CDD/KYC procedures detailed in Sections 16/17 and provisions of Section 67 of the Master Direction which include quoting of PAN/Form 60 while opening an account with a bank, NBFC, etc. If any account is rendered ineligible for being classified as a small account due to credits/balance in the account exceeding the permissible limits, withdrawals may be allowed within the limit prescribed for small accounts where the limits thereof have not been breached

(iii) BSBD Accounts (PMJDY accounts are akin to BSBDAs), which are not KYC compliant accounts are to be treated as ‘Small Accounts’ and are subjected to the limitations applicable to such accounts. Hence, for allowing normal operations in such accounts, the procedures explained at (ii) above are to be complied with. If any account is rendered ineligible for being classified as a small account due to credits/balance in the account exceeding the permissible limits, withdrawals may be allowed within the limit prescribed for small accounts where the limits thereof have not been breached.

(iv) In respect of KYC compliant accounts where the required CDD procedure has been complied with, REs shall ensure compliance regarding quoting of PAN/obtaining of Form 60 for all transactions in terms of I.T.Rule 114 B which includes opening of accounts with banks, NBFCs, etc. No debit transaction, transfer or otherwise shall be allowed in accounts which do not comply with the above mentioned requirements. To begin with, this rule shall be strictly applied in accounts where both the thresholds listed below are reached:

  • balance of rupees five lakh or more; and
  • the total deposits (including credits by electronic or other means) made after November 9, 2016, exceed rupees two lakh.

3. It is clarified that provisions of Section 67 of the MD are subject to the exemptions granted to Government, Consular office etc., as provided in Income Tax Rule 114 B.

DCM (Plg) No. 1712/10.27.00/2016-17 December 13, 2016

Please refer to paragraph (5) of our circular DCM (FNVD) No.1134/16.01.05/2016-17 dated October 27, 2016 wherein it was stated that in order to facilitate identification of people abetting circulation of counterfeit notes, banks are advised to cover the banking hall/area and counters under CCTV surveillance and recording and preserve the recording.

2. In continuation to the above, the banks are further advised to preserve CCTV recordings of operations at bank branches and currency chests for the period from November 08 to December 30, 2016, until further instructions, to facilitate coordinated and effective action by the enforcement agencies in dealing with matters relating to illegal accumulation of new currency notes.

DCM (Plg) No.1226/10.27.00/2016-17 November 08, 2016

In terms of Gazette Notification No 2652 dated November 08, 2016 issued by Government of India, ₹ 500 and ₹ 1000 denominations of Bank Notes of the existing series issued by Reserve Bank of India (hereinafter referred to as Specified Bank Notes) shall cease to be legal tender with effect from November 09, 2016, to the extent specified in the Notification. A new series of Bank Notes called Mahatma Gandhi (New) Series having different size and design, highlighting the cultural heritage and scientific achievements of the country, will be issued. Bank branches will be the primary agencies through which the members of public and other entities will be exchanging the Specified Bank Notes for Bank Notes in other valid denominations or depositing the Specified Bank Notes for crediting to their accounts, upto and including the December 30, 2016. Therefore, banks have to accord highest priority to this work.

In order to enable the members of public and other entities to exchange their existing ₹ 500/- and ₹ 1000/- notes, the following arrangements have to be made by the banks.

2. Action to be taken on November 09, 2016

i) November 09, 2016 (Wednesday) shall be a non-business working day for all banks. However, branches will function on that day to carry out preparations for implementing the scheme as per this circular.

ii) The Specified Bank Notes stocked in ATMs, Cash Deposit Machines, Cash Recyclers, Coin Vending Machines, any other cash dispensing/receiving machine, CIT Companies and Business Correspondents attached to the branch will have to be called back forthwith. The sponsor banks of White Label ATMs will be responsible for recalling the Specified Bank Notes from the White Label ATMs sponsored by them.

iii) Banks should take steps to stop issuing Specified Bank Notes through their branches, business correspondents from November 09, 2016.

iv) All ATMs, Cash Deposit Machines, Cash Recyclers and any other machine used for receipt and payment of cash shall be shut on November 09 and 10, 2016.

v) All ATMs and cash dispensing machines will have to be re-configured to disburse bank notes of ₹ 100/- and ₹ 50/- denominations prior to reactivation of the machines on November 11, 2016; however banks should await separate instructions from Reserve Bank of India on issuing Mahatma Gandhi (New) series Notes through ATMs and cash dispensing machines though they can be issued over the counters from November 09, 2016.

vi) Every banking company defined under the Banking Regulation Act, 1949 and every Treasury shall complete and forward a return in the format specified in Annex-1 showing the details of the Specified Bank Notes held by it at the close of business as on November 08, 2016, not later than 13:00 hrs on November 10, 2016 to the concerned Regional Office of Reserve Bank of India under whose jurisdiction the Head office of the bank is located. The return should also include details of Specified Bank Notes recalled from ATMs, Cash Deposit Machines, Cash Recyclers, Coin Vending Machines, CIT Companies, Business Correspondents, etc.

vii) Arrangement should be made by the branches to promptly deposit these Specified Bank Notes with the linked currency chest / RBI and get the amount credited to their account.

viii) Branches should estimate their cash requirement and obtain from the linked / nearby currency chest /RBI Bank Notes of other valid denominations.

ix) Cash Deposits machines / Cash Recyclers should continue to accept Specified Bank Notes upto December 30, 2016.

x) Information Material for educating the public regarding withdrawal of Legal Tender character of the Specified Bank Notes (as per Annex-2) and salient features of the Mahatma Gandhi (New) Series Bank Notes (Annex-3) are required to be printed/copied in adequate quantity and distributed to the public / displayed in the banking hall / ATM kiosks.

xi) Banks should identify the staff for managing the exchange counters and brief them properly about the scheme and the procedure to be followed. A copy of the FAQs provided in Annex-4 may be supplied to the staff manning the exchange counters.

xii) Banks should provide adequate number of note counting machines, UV Lamps, note sorting machines etc. at their counters to take care of the work load and timely detection of counterfeit notes. As already advised vide our circular No DCM (FNVD) No.1134/16.01.05/2016-17 dated October 27, 2016, the banking hall, public areas and counters should be under CCTV surveillance and recording should be preserved.

3. Action to be taken on November 10, 2016

a. Bank branches will commence normal operations on November 10, 2016.

b. Banks have to accord top priority to provide facility for exchanging / accepting deposits of Specified Bank Notes and open additional counters to meet the public demand and keep the counters open for extended hours, if necessary. Maximum staff should be deployed for this purpose. If necessary banks may consider hiring retired employees for a temporary period to take care of additional work load.

c. Provision of Exchange Facility:
The specified bank notes held by a person other than a banking company referred to in sub-paragraph (1) of paragraph 1 or Government Treasury may be exchanged at any Issue Office of the Reserve Bank or any branch of public sector banks, private sector banks, foreign banks, Regional Rural Banks, Urban Cooperative Banks and State Cooperative Banks for a period up to and including the December 30, 2016, subject to the following conditions, namely:—

(i) the specified bank notes of aggregate value of ₹ 4,000/- or below may be exchanged for any denomination of bank notes having legal tender character, with a requisition slip in the format specified by the Reserve Bank and proof of identity; the limit of ₹ 4,000/- for exchanging specified bank notes shall be reviewed after fifteen days from the date of commencement of this notification and appropriate orders may be issued, where necessary;

(ii) there shall not be any limit on the quantity or value of the specified bank notes to be credited to the account maintained with the bank by a person, where the specified bank notes are tendered; however, where compliance with extant Know Your Customer (KYC) norms is not complete in an account, the maximum value of specified bank notes as may be deposited shall be ₹ 50,000/-;

(iii) The equivalent value of specified bank notes tendered may be credited to an account maintained by the tenderer at any bank in accordance with standard banking procedure and on production of valid proof of Identity;

(iv) the equivalent value of specified bank notes tendered may be credited to a third party account, provided specific authorisation therefor accorded by the third party is presented to the bank, following standard banking procedure and on production of valid proof of identity of the person actually tendering, as indicated in Annex-5;

(v) cash withdrawal from a bank account over the counter shall be restricted to ₹ 10,000/- per day subject to an overall limit of ₹ 20,000/- a week from the date of the notification until the end of business hours on November 24, 2016, after which these limits shall be reviewed;

(vi) there shall be no restriction on the use of any non-cash method of operating the account of a person including cheques, demand drafts, credit or debit cards, mobile wallets and electronic fund transfer mechanisms or the like;

(vii) withdrawal from Automatic Teller Machines (hereinafter referred to as ATMs) shall be restricted to ₹ 2,000 per day per card up to November 18, 2016 and the limit shall be raised to ₹ 4,000 per day per card from November 19, 2016;

(viii) any person who is unable to exchange or deposit the specified bank notes in their bank accounts on or before the December 30, 2016, shall be given an opportunity to do so at specified offices of the Reserve Bank or such other facility until a later date as may be specified by it.

(ix) Business Correspondents (BCs) may also be allowed to exchange Specified Bank Notes upto ₹ 4000/- per person as in the case of bank branches, against valid identity proof and requisition slip. For this purpose banks may, at their discretion, enhance the cash holding limits of BCs at least till December 30, 2016.

(x) While crediting the value of Specified Bank Notes to Jan Dhan Yojna Accounts, the usual limits will apply mutatis mutandis.

4. Reporting Mechanism
Each bank branch exchanging Bank Notes in the denominations of ₹ 500/- and ₹ 1,000/- shall report at the close of business on each day starting from November 10, 2016 till the closure of the scheme on December 30, 2016 (or till any other date thereafter as may be advised by RBI) by email or Fax to their Controlling Office a statement as per Annex-6 showing the details of Specified Bank Notes exchanged by it and the respective Controlling Offices will aggregate these as per Annex-6A and report to the Department of Currency Management, RBI, Central Office by email on a daily basis.

5. Banks may issue detailed instructions to their branches advising them to strictly adhere to the norms of the scheme and procedures laid down above. The staff at the branch level, particularly the tellers, should be adequately sensitized. For this purpose, information as available at our website ( and Government of India website may be used. Staff should familiarise themselves with the FAQs (as per Annex-4).

6. Banks should make copies of information material (As available at Annex-2, Annex-3 and Annex-4) and distribute these to the public.

7. Bank should issue instructions to BCs, ATM Switch Operators and CIT Companies on various aspects of the above scheme relevant to them.

8. Banks should monitor the implementation of the scheme on a day to day basis through a monitoring cell headed by an Officer not below the rank of a General Manager, who will act as a Nodal Officer. The Contact details of the Nodal officer will be reported to the concerned Regional Office of RBI, with a copy to RBI Central Office, Mumbai through email as indicated below.

9. RBI has opened a Control Room at its Central Office for monitoring the progress and providing guidance to banks and members of public. The email id and telephone numbers of the Control room are as under:

Telephone No: 022 22602804 / 022 22602944

Continue Reading

How easy it is to fool people with magic! People don’t understand that magic is a **highly developed** skill.

Someone shared this on whatsapp. I recall seeing this a long time ago and did not pay attention to it, knowing that FAR GREATER magic tricks have been seen across the world. In fact I recently started seeing some magic tricks in my spare time on youtube, and it is flooded with them.

I presume the person sharing this video got fooled, why else would this be shared?


There are at least a few videos that show how this is done.

An Indian had decoded this even earlier:

I’d suggest everyone tune in to James Randi first, then start watching magic videos on youtube.

That will get rid of 99 per cent your delusions!

And do watch this – too. About the clown Rajiv Malhotra. And the crook Sai Baba (e.g. see this and this – and a lot of youtube videos!). And the crook Ravi Shankar (see this).

Looks like a BILLION people in India are deadly easy to fool!

Continue Reading

Sorry, Zareer Masani, you DON’T have ANY copyright on your father’s public work for India

I’m noting here my interaction with a Zareer Masani, son of the great Minoo Masani.

I had never heard of this man till he poked his nose in the affairs of Swarna Bharat Party.

An article was published in Freedom First regarding SBP’s recent annual conference [Swarna Bharat Party Emulates Swatantra Party].

This unearthed Zareer Masani from the bowels of perpetual silence. Never having done ANYTHING in his entire life to promote political liberalism in India, the man surfaces and starts litigating the use of Masani’s name in that article.

This is what the article stated:

The Swatantra Party, founded in 1959 by C. Rajagopalachari, Minoo Masani and N. G. Ranga was the last liberal party in India. In 1967, it won 44 seats in Parliament (incidentally the Congress also wins 44 seats in the general elections of 2014) and Masani was elected as the acting Leader of the Opposition. Unfortunately, the Swatantra Party voted to dissolve itself in 1974. However, Masani, S. V. Raju and others kept the Swatantra flag flying by keeping the Maharashtra unit of the Swatantra Party which exists on paper to this day.

These are unambiguous FACTS. There is nothing to debate here. [Despite that, there was a bit of a debate – here. That debate is between Naozer Aga and Zareer Masani; none of my business. History can take care of itself.]

Thereafter there was an opinion expressed in the article which is not the official view of Swarna Bharat Party: “SBP is now taking the Swatantra Party’s efforts further and wishes to emulate the Swatantra Party.”

SBP does not refer to Swatantra Party in its manifesto. There was, some time ago, a reference to Swatantra Party on SBP’s website, but I think that was removed, to avoid any misperception that SBP is Swatantra Mark II.

SBP is a liberal party and recognises that Swatantra Party was the previous liberal party in India (but so was Sharad Joshi’s Swatantra Bharat Party). I personally believe that Rajaji’s and Masani’s Swatantra was a rather feeble liberal party – its 21 principles (which, by the way, I was the first to publish on the internet, when Raju sent these to me) do not reflect the cutting edge analysis of economic incentives which underpins the manifesto of Swarna Bharat Party.

Yet, I admire and have long admired (since I chanced upon their work – well after I had started my work) Rajaji and Masani (and SV Raju). In fact, I maintain a Facebook on these two personalities – apart from maintaining a Facebook page for other liberals, such as Ambedkar, Gokhale, Chankaya, Macaulay, John Lilburne and the Levellers, and Julian Simon. I also maintain a group on Milton Friedman, Hayek and on Classical Liberalism (only for the active promoters of classical liberalism). My FB group on Classical Liberalism has on it almost every great classical liberal alive today. Entry to it is highly restrictive and Zareer Masani will NOT be allowed entry into that group, particularly given his recent shoddy approach to liberty in India.

And, of course, I started the page on liberalism in India on wikipedia and I included Masani’s name in that, etc. That page has been steadily growing.

My books, blog and writings on the internet and social media activity have promoted liberalism to thousands of Indians, some of whom have incrementally started seeing the value of liberty.

And yet these, below, are the kinds of comments that Zareer Masani made (plus my response) and I’d like this blog post to be part of my overall response to him:



Mr Aga and his group are wrong to try and assume some mantle of legitimacy by retrospectively claiming my father’s endorsement almost two decades after his passing. I think I knew his mind a little better than them, and I suspect he would have been less than enthusiastic about Swarna Bharat, not least for its chauvinistic name and ethos.”


to help Dr. Masani tone down his ego and the delusion that SBP needs any approval from Masani’s progeny, you may wish to mention to him that the liberal political effort that underpins SBP was started by people who had never in their whole life heard of Swatantra Party or Masani, and only chanced upon these efforts/names well after their own effort to promote/ defend liberty in India had started in the late 1990s. That SBP is willing to reference Swatantra Party once in a while has nothing to do with this party’s motivations. We are not Swatantra Party Mark II, nor a subsidiary owned by anyone who had anything do to with Swatantra Party.

It should help him understand that India is a land of 1.2 billion people, each of whom has a fundamental right to liberty and independent thought. No one owns a copyright to liberty. Dr Masani is welcome to form his rapid-fire, ill-informed views about SBP, but if he wishes, he may wish to park his extraordinary self-congratulatory approach (based on the accident that he is Minoo Masani’s son) to the side for a moment, and actually explain which part of SBP’s manifesto he thinks is chauvinistic.


As a historian, not a politician, I have no particular axe to grind here, unlike your eponymously named Mr Sabhlok (if he actually exists!?). My accident of birth, as he puts it, has left me with no special ego or sense of privilege, just a closer, more intimate and continuous engagement with my father’s personal and political thinking than anyone in SBP. Of course that gives me no special birthright to criticise SBP, nor would I wish to do so, [Sanjeev: well, he just did, and now won’t explain!] so long as you stop dragging my father’s name into your publicity.


Dr Masani, instead of explaining why you think SBP is chauvinistic, you are now asking that Mr Aga “stop dragging my father’s name into your publicity”.

What publicity?

The work of Mr Minoo Masani in Swatantra Party was for the country – not a family property of yours. I operate a Facebook page for him: I have his books in my possession and have the highest regard for him. Swarna Bharat Party will – at its discretion – cite Minoo Masani’s work, like we may cite any eminent Indians’ work.

Please be sure, we won’t cite your name or work.



Please be aware that the legal copyright in all my father’s published work is with me. I can and will also take legal proceedings for libel/defamation against any attributions to him that I consider false and harmful to his reputation.

I am astonished by your temerity and presumption in “operating a Facebook page for him”. Now that you have drawn my attention to it, I shall be taking legal advice in the matter and taking this up with Facebook management. Perhaps in remote Victoria you have not heard of intellectual property rights.

I did not bother to response to this. However, I now gather he is going around sending emails to people that “SBP is fraudulently running a Facebook page on his father, Minoo, indicating that Minoo is still alive and also thereby obtaining legitimacy and endorsement, from his late father.”

Surely Zareer Masani jests? All publicity is good publicity at this early stage for Swarna Bharat Party. But two things:

(a) I made clear that I operate that page, not Swarna Bharat Party;

(b) I do so in his HONOUR. The idea that I operate a page that purports to be the man himself, is absurd nonsense. No one in his right mind (particularly someone born in 1905) runs a page calling himself “Minoo Masani a great Indian liberal”. There was a clear link to his wikipedia entry which shows he passed away in 1998.

However, I’ve made this even clearer today by replacing the previous “about the page” with the following: “This page, in honour of Minoo Masani (1905-1998) is run by Sanjeev Sabhlok. This page promotes the ideas that Masani stood for.”

I firmly believe that Minoo Masani WOULD have supported this liberal political effort that I’ve been undertaking since 1998, and which has now led to the formation of one of India’s very few liberal parties since independence.

And I have ALL rights to run a page in honour of a man I have regard for. What kind of a man is this who threatens “defamation”/ “legal proceedings” against those who promote the work of his father?

Zareer Masani should be clear: his father was a PUBLIC FIGURE and his work belongs to the whole of India.

Zareer’s only remedy is to start his own FB page on his father to promote his father’s ideas in his own way. He has no business interfering with the work of those who are DOING something to promote liberty in India.

And he had better explain his words “chauvinistic” in reference to SBP. That’s pure defamation. And to suggest through emails that there is any FRAUDULENT work going on – that’s pure defamation.

How much better would it for India (and for the world) if Zareer supported liberty instead of blocking it.


Turns out that Zareer is a socialist and former Congress party member (he did not support Minoo Masani’s Swatantra). No wonder he is not happy with his father’s name surfacing. He probably wanted his father’s name buried and forgotten.


Not content to smear me, SBP and those who have been fighting for India’s liberty, this man had the temerity to post this on the Masani FB page that I run:


The text says:

This profile is a fraud and an example of how Facebook can be abused. My father Minoo Masani die in 1998 and would have been appalled to see his name and image being hijacked by this unscrupulous group. The very name Swarna Bharat would have made him cringe. His own staunchly secular liberalism was miles away from these people’s celebration of a mythical “Golden Age of India”, presumably before Muslims, Christians and Parsis came along to tarnish Hindu India.

This is beyond pathetic. Gurcharan Das, who has been actively involved in promoting liberty in India for the past 20 years, says that my book should be read by all Indians. And this socialist son of Masani who lives in London since the 1970s doesn’t bother to read/ understand anything but makes the most scurrilous comments about my work and those who are working with me to take our God-forsaken country forward.

Continue Reading

If you keep singing songs and chanting slogans you will FAIL, India. Start using your head.

A comment received on my FB page:

I am not asking of a smartphone or a laptop or an LCD/LED monitor! I am asking why in my modernized India which we all consider to be a top ranker in the IT industry (Well that what Modi Ji and PMs before him have been telling the world), can a Rs.300.00 worth USB Wi Fi connector not be made in India and a run of the mill Chinese make like TENDA or ENTER be allowed for import in volumes worth millions of U S Dollars for home consumption?

I am only talking of a tiny gadget of the equivalent size of a SSD Micro Memory card holder which unfortunately is also imported in cheap unreliable versions from the R O C, the same way a DVD blank gets imported.

We keep importing goods that we can make here and stop the outflow of precious foreign exchange and improve upon our negative balance of trade and negative balance of payment with that nation that stations its army on the border of our state of Arunachal Pradesh and makes incursions every now and then tu bully and browbeat our army! A country that openly aids our sworn enemy Pakistan with finance, arms and votes against us in the U N O!

The state of our home industry has become so deplorable that our once thriving manufacturers of molded polymer luggage like Blow Plast Limited and Piramal Brothers have closed facilities at home to import Skybags from China!

When shall we recall the message of Mahatma Gandhi asking our forefathers to boycott the import of British textiles and adopt home grown Khadi? We were slaves of the Great Britain then! We have been free for 70 years from the British Raj. Why are we becoming economically dependent to China that wants to kill our industry and annex our territory at Arunachal Pardesh in the same manner that it had annexed Tibet in 1962?


It is the most ridiculous nonsense to try to be self-reliant. The ONLY way to prosperity is through free trade.

Gandhi had a political message – his economics knowledge was zero (rather, negative).

The problem with India is socialism and its ridiculous policies that have destroyed the country from its deepest innards.

Trying to impose Gandhi on top of socialism will kill India. Gandhi is largely irrelevant for India’s future – assuming India wants a future.


Btw, you may benefit from reading my short comment here:

I say so, since understanding economics and good governance is hard, but talking about Gandhi and other emotional things is easy. Indians always avoid hard work. Success in this world only goes to those who use their head. Please use your head.

Continue Reading

The head racketeer: “Swami” Nithyananda – usually found cheating people on the outskirts of Bangalore

Well, whose lying “followers” are the ones who duped RM? (see my previous blog post)

Turns out they follow one “Swami” Nithyananda.

His website:

His “demonstration” of “third eye”:

I’ve also downloaded this fakester’s video, since he may well delete it.

I ask him to get a million dollars from Randi and 5 lakh rupees from Nayak before cheating the people of India any further.


It turns out (that’s a separate issue) that the man has had a major skirmish with the police: “Sex with me a divine act, Swami Nithyananda told devotee” also here, here, here). Also video below.

I have no time to go into details, but the man has had numerous police issues in his life: India police quiz guru Nithyananda over assault claims, etc.

Apparently “medical tests” exonerated this man from rape charges. So I won’t go there – let the matter rest – no time to comment.

But this is clear: there is no smoke without fire. Almost all “swamis” of India are fundamentally crooked.

This is the kind of man RM thinks is honestly capable of “third eye” vision!

Either RM is a dupe or himself a scamster.

Continue Reading