One-stop shop to make India 20 times richer

A call to all Indian liberals/libertarians – please visit Bhadohi to campaign for Rabi Kant Bharti. We must aim to win.

SBP has to win Bhadohi else liberalism will never get started in India.

Can I invite all liberals to visit Bhadohi and campaign for Rabi? (see this in case you’ve missed it).

Some form of local accommodation (not the greatest, but sufficient to get by) can be arranged for those who wish to join the campaign. Travel costs (and incidentals) will need to be borne by you, given SBP is currently in a very incipient stage of development.

The last time Sanjay Sonawani visited – a few weeks ago – he found that there was a HUGE demand for the ideas that SBP represents. Now we need a sustained campaign that covers each and every person in Bhadohi at least 2-3 times over the coming 18 months and persuades them why they should vote for SBP in 2019.

Please write to me at sabhlok@gmail.com when you are ready to spare a few days to visit Bhadohi.

 

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India’s socialist banking system hurtling headlong towards collapse: hyper-inflation and destruction of the rupee

The laws of economics can NEVER be violated without paying the full cost.

I’ve commented on India’s socialist financial system many times in the past, including the damage caused by loan waivers for farmers.

This FB comment considers two comments by AV Raju:

A commentator has raised two key issues regarding the sorry state of the Indian economy on my blog – all driven by the socialist model where almost the entire banking sector is government owned:

a) Top 500 manufacturing companies hold 93% of bank debt, and much of it is non-performing:

“we are moving from bad to worse and no signs of recovery. As a financial analyst i have some statistics * – the top manufacturing 100 Companies of the country is about 3% in number and has 65% of the assets and about 68% of the Bank Debt. A large part of it is NPA. if we take top 500 companies it is around 15% in number cornering 82% of assets and about 93% of overall debt.A big part of it is NPA.”

b) Debt to such companies is much more risky than debt for home loans, but India’s nationalised banks issue corporate debt at the same rate as they do for home loans:

“Ordinary tax payers , honest employees really look forward for one asset probably . A home . ROI on it is around 9%. is there a risk of non payment of the loan . Most Probably Nil unless it is involved in a scam which in case of honest is ruled out . What is the risk in 82% of assets covering the 93% of overall debt in our country . Higher or lower ??? . Most told me it is higher compared to Home loans . Then why is it that the loans have been given to many companies at close to MCLR??”

 

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The monstrous religious practice of mutilating male genitals

My FB comment:

I chanced upon Christopher Hitchins’s arguments (in a youtube video) against male circumcision. Decided to spend a minute to study the issue:

This NIH article shows that this is a beastly practice and imposes a huge cost on society. Fortunately, Hindus don’t practice this brutal violence against infants and being born into a Hindu family I was saved from this monstrosity.

There is a full fledged website devoted to the dangers of male circumcision http://www.circumcision.org/. Finally some sense is beginning to dawn on religious fools.

It is hard to come to terms with the enormity of the damage caused to humanity by religion. Virtually everything evil that could be done has been done by religion.

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Swarna Bharat Party declares its intent to enter electoral politics – by announcing its first Lok Sabha candidate for 2019

I’ve widely shared the SBP media release on this subject today. Also sharing it here. Source. I would like to congratulate Rabi Kant on his being selected as SBP’s first candidate.

National Press Release – to be released across India

19 October 2017 – for immediate release

Swarna Bharat Party announces Rabi Kant Bharti as its first candidate for the 2019 Lok Sabha elections

Mr Rahul Pandit, Working President of Swarna Bharat Party, India’s only liberal party, today announced Mr Rabi Kant Bharti as the party’s first candidate for the 2019 Lok Sabha elections. Mr Bharti will contest from Bhadohi in Eastern U.P.

Mr Pandit said that India’s socialist parties – such as Congress, BJP and AAP – oppose reason and have destroyed incentives for integrity. Without the exercise of reason and freedom, India will remain a Third World nation that ranks at the bottom of the world on all human indicators. Corruption is merely a symptom of the diseased thinking of these parties.

Even at the administrative level, these parties blindly follow the British colonial system of governance, such as the IAS. Today, India’s governance system is undoubtedly one of the worst in the world and is entirely unaccountable. India’s outdated civil services must be replaced with an accountable machine of governance.

Only a liberal party – committed to liberty, individual rights, accountability and world-best policies – can lead India out of this morass. Mr Pandit said that 2019 will be the first time since independence that a comprehensive and detailed liberal manifesto will be offered to the people of India. SBP offers India the way forward to compete with the best nations of the world on quality of life and prosperity.

Mr Rabi Kant Bharti has been working hard over the past three years to explain the ideas of liberalism to the people of Bhadohi. He offers a completely new way of thinking and a completely new way forward for India: liberalism is the polar opposite of India’s dominant ideology, socialism. Rabi’s biodata, including his priorities for his constituents, is available at http://swarnabharat.in/Rabi_Kant_Bharti.

Mr Pandit said that every journey starts with the first step. India has now taken the first step to freedom and prosperity. He invited everyone to join in this journey by joining SBP and stepping forward to contest the 2019 elections.

Notes for Editors

SBP is India’s only liberal party, committed to defending liberty and promoting prosperity.

Contact:

Rahul Pandit (Hyderabad) National Working President, +91 9703425422

Rabi Kant Bharti (Bhadohi), candidate for the 2019 elections, +91 8576088695

Sanjeev Sabhlok (Melbourne), sabhlok@gmail.com

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