Thursday, 1 December 2016

NoteScam Unlike Any other

  • I will say that this Noteban, Demonetisation, Notebandi Scam is a Scam Unlike Any other scam we have seen earlier.
  • Earlier Scams like 2G Scam CWG i.e. Commonwealth Games Scam and Coal Scam were different.
  • I will explain how.
    • The 2 G Scam was a case where it was alleged by the opposition that 2G waves or Spectrum have been sold at lower rates.
    • Subsequently the NDA Govt sold the 2G spectrum but it could not collect the funds which was alleged to have been not collected.
    • Also the 2G Scam loses its value when the technology has changed to 3G 4G and 5G and beyond which makes 2G not relevant anymore.
  • The Coal Scam was on Similar lines. It was alleged that the coal mining rights were sold to vested parties for less value.
  • How the value was calculated? It was calculated by the potential mining which would happen over several decades in future. This is wrong costing done.
  • But then NDA Govt came and they through Supreme Court got several coal licenses cancelled and then they auctioned in a fresh round.
  • Many coal licenses remain unsold as of today.
    • The Common Wealth Games scam was alleged to have gone down the drain.
    • First there was cost escalation to the tune of tens of thousands of crores.
    • But what the then UPA Govt did was integrate the costs of development of Delhi with teh Commonwealth Games.
    • All the expenditure for roads and bridges and metro were integrated to the Commonwealth Games cost.
    • There was not proper infrastructure in Delhi to host such kind of games and hence such expenditure was mandatory.
    • The opposition was relentless and made a huge hue and cry all over for this so called scam but it was no scam.
    • Expenditure did happen and infrastructure did improve.
  • Now what has happened in Demonetisation.
  • This is a scam which is an "instant scam".
  • No value has been created.
  • The BJP-NDA have made the biggest heist perhaps in the history of not only India but the world. 
  • The cashless society that they are talking about was already happening due to steps taken over last decade.
  • BJP or Modi did not do it.
  • The infrastructure for cashless already was there.
  • The BJP has attacked the cash based economy and made lakhs of crores of cash out of the system.
  • Same will appear as entry in the books of RBI and subsequently the banks.
  • BJP since last ten months have carried out intensive program to convert their own black money into white.
  • For Commonwealth Games or 2G Scam or Coal Scam at least some value was created.
  • This scam no value is created.
  • And with 2000 rupee note the counterfeiting chances improve drastically and so does corruption.

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