2019 Strategic and Political Analysis-1

Skanda · Post by **Skanda** » 28 Aug 2019 01:40

Nidhi's twitter account is active.

KLNMurthy · Post by **KLNMurthy** » 28 Aug 2019 06:01

chetak wrote: ...
the ghazwa guys of south India

this is geographically limited to very few places and their masters are not all the same.

It is a bit surprising, however, to note that they are not really averse to showing their hand, limited as it is, and are slowly starting to come out of the shadows.

they all started this game during the congi dispensation and political alignments have emboldened some to continue and some others to retreat back into the shadows.

the UPA did maintain a reluctant relationship with Israel and stabbed them in the back a few times at the UN.

I think India's biggest asset in the war against gazwa is the sheer pakiness of the holy warriors which makes them overestimate themselves, exaggerate the impact of isolated victories, and underestimate the will of the national forces arrayed against them. That is why, they tip their hand time and again, whether the "they" refers to the jihadis, or the tukde academics of JNU, or the aam Sunni Musalmaan of the Valley. The last mentioned lot lost no time in 1989-90 when they thought they were winning, to drive out the Pandits while demanding their women. They left everyone who has eyes to see and ears to hear, in no doubt as to who they are as a people. "Innocent" Kashmiris, they are not. It makes it that much less possible that we will good-naturedly ignore them instead of fighting them.

I'll say this--these rascals are lucky to be facing sattvic-leaning Indics and a basically kindly businessman-statesman like Modi, and not fellow Abrahamics or some of the fierier Animist tribes. One of the many complaints I have is that we may not, due to our nature, bring harm to these degenerates, but surely nothing prevents us from rubbing their noses in their sh1t.

As far as I am concerned, if we have to keep large swathes of the Valley under perpetual lockdown--a dire fate that the great and good are always threatening us with--I for one would be fine with it. It is a gentler fate than what they have earned for themselves.

pankajs · Post by **pankajs** » 28 Aug 2019 15:21

How does the Liar, which keeps begging for resources and had to lay people off recently afford Zero Sibal or is our Zero babu doing it pro-bono or is it a CON funded defense?

Added Later: Note also that the Liar and its reporter want to face trail BUT don't want the trial expedited? Why ji? Wouldn't it be better to get this out of the way fast instead of "tarikh pe tarika"?

https://twitter.com/barandbench/status/ ... 3339569152

Bar & Bench @barandbench

Wire and Rohini Singh seeks withdraw appeal in SC.

Says will face trial.

Justice Arun Mishra says Bench wants to hear issue on how a short notice was given to Jay Shah by Wire.

"We want to decide and then parties withdraw"

Court eventually allows withdrawal.

However, it keeps issue open on how short notice is being given by media to persons to respond.

Court says trial should be expedited and concluded in 6 months.

Sibal for Wire opposes strongly. Nothing is special in the matter, says Sibal

Even this matter in SC was not listed for a long time due to no fault of my own

SG Tushar Mehta and Bench makes strong remarks about journalism.

"We want to say many thinga but we wont say it", Justice Arun Mishra.

"I also want to say many things but wont say so", Kapil Sibal.

pankajs · Post by **pankajs** » 28 Aug 2019 16:09

https://twitter.com/5Forty3/status/1166602028568764418

Dr Praveen Patil @5Forty3

INC leaders privately confess "What do we fight for? Kashmir? Reinstatement of triple Talaq? Rebuilding Babri Masjid in Ayodhya? There is nothing left really, he (Modi) is giving the poor gas cylinders, money in their accounts (DBT), bijlee to homes... we are issueless"!

Modi is peerless when it comes to politics.

Pratyush · Post by **Pratyush** » 28 Aug 2019 16:59

The most important aspect of the 370 abrogation is the total destruction of the Gandhi family as a potential pole for the revival of the Congress party.

RaGa and PrVa were politicking as though it was business as usual. Without realising that Modi was front and centre. He didn't do anything to stop the gruesome twosome from their politicking.

The net result is that TSP is using the utterance of these 2 to make a case against India in the UN. With congoons scrambling to protect their own hides.

This is killing 2 birds with one stone.

I just hope that Congress goes back to being the party it was before Nehru was handed over the party on a platter by MKG.

As we need a strong and capable opposition for the preservation of the strength of our democracy.

But OTOH for all intents and purposes BJP today is the Congress party MKG destroyed.

chetak · Post by **chetak** » 28 Aug 2019 18:46

pankajs wrote:How does the Liar, which keeps begging for resources and had to lay people off recently afford Zero Sibal or is our Zero babu doing it pro-bono or is it a CON funded defense?

Added Later: Note also that the Liar and its reporter want to face trail BUT don't want the trial expedited? Why ji? Wouldn't it be better to get this out of the way fast instead of "tarikh pe tarika"?

https://twitter.com/barandbench/status/ ... 3339569152
Bar & Bench @barandbench

Wire and Rohini Singh seeks withdraw appeal in SC.

Says will face trial.

Justice Arun Mishra says Bench wants to hear issue on how a short notice was given to Jay Shah by Wire.

"We want to decide and then parties withdraw"

Court eventually allows withdrawal.
However, it keeps issue open on how short notice is being given by media to persons to respond.
Court says trial should be expedited and concluded in 6 months.

Sibal for Wire opposes strongly. Nothing is special in the matter, says Sibal

Even this matter in SC was not listed for a long time due to no fault of my own
SG Tushar Mehta and Bench makes strong remarks about journalism.

"We want to say many thinga but we wont say it", Justice Arun Mishra.

"I also want to say many things but wont say so", Kapil Sibal.

twitter

Supreme Court made this stinging comment while hearing a petition filed by The Wire and its journalist(s) facing defamation suit filed by Jay Shah, son of BJP President Amit Shah. Says a lot about the state of a section of our media...

A_Gupta · Post by **A_Gupta** » 28 Aug 2019 18:49

https://www.cnn.com/europe/live-news/br ... index.html
Brexit shock as UK PM asks Queen to suspend Parliament
(This basically shortens the period the Parliament can work before the Brexit date of October 31.)

Now either the Western democracies all condemn this as anti-democratic, or else are called for their hypocrisy for their words against India.

A_Gupta · Post by **A_Gupta** » 28 Aug 2019 18:54

pankajs wrote:https://twitter.com/5Forty3/status/1166602028568764418
Dr Praveen Patil @5Forty3

INC leaders privately confess "What do we fight for? Kashmir? Reinstatement of triple Talaq? Rebuilding Babri Masjid in Ayodhya? There is nothing left really, he (Modi) is giving the poor gas cylinders, money in their accounts (DBT), bijlee to homes... we are issueless"!
Modi is peerless when it comes to politics.

There's plenty to fight for. E.g., why some elite can get immediate attention from the Supreme Court while the aam aadmi might languish in jail for months before their application for bail is heard.

But reforms are not in the INC's interest, and so they won't fight for it.

SRajesh · Post by **SRajesh** » 28 Aug 2019 19:18

Pratyush wrote:The most important aspect of the 370 abrogation is the total destruction of the Gandhi family as a potential pole for the revival of the Congress party.

RaGa and PrVa were politicking as though it was business as usual. Without realising that Modi was front and centre. He didn't do anything to stop the gruesome twosome from their politicking.

The net result is that TSP is using the utterance of these 2 to make a case against India in the UN. With congoons scrambling to protect their own hides.

This is killing 2 birds with one stone.

I just hope that Congress goes back to being the party it was before Nehru was handed over the party on a platter by MKG.

As we need a strong and capable opposition for the preservation of the strength of our democracy.

But OTOH for all intents and purposes BJP today is the Congress party MKG destroyed.

https://timesofindia.indiatimes.com/ind ... 874285.cms
But Pratyushji, see the family faithful's and retainers and bootlickers already in full swing
Remember what happened with the interim president election.
The present congress is Congress-I(Indira) and this has to be drummed out in the media and they should stop using INC, freedom struggle party etc.
Congress-I has nothing to do with the yesteryear party.

SRajesh · Post by **SRajesh** » 28 Aug 2019 19:20

A_Gupta wrote:https://www.cnn.com/europe/live-news/br ... index.html
Brexit shock as UK PM asks Queen to suspend Parliament
(This basically shortens the period the Parliament can work before the Brexit date of October 31.)

Now either the Western democracies all condemn this as anti-democratic, or else are called for their hypocrisy for their words against India.

This reminds of an old picture dialogue:
'Aap karo tho sat-karma
Agar ham kare tho Dush-karma'

chetak · Post by **chetak** » 28 Aug 2019 20:02

twitter

Exclusive: Karti Chidambaram actual owner & controller. We were namesake Directors, hired only to sign invoices: Two Directors of shell co.(ASCPL) that received kickbacks for FIPB approvals & allegedly paid for Chidambaram's travel tell ED

https://bit.ly/2Hsl9iN
#PChidamabaram

chetak · Post by **chetak** » 28 Aug 2019 20:49

chetak · Post by **chetak** » 28 Aug 2019 20:52

Modi effect, dil mange more

twitter

After #TripleTalaqBill muslim-women’s rights body wants Modi government to bring in a muslim family law on the lines of Hindu Marriage act; ensure effective implementation of triple talaq law. Reporting

Muslim women’s body seeks family law

V_Raman · Post by **V_Raman** » 28 Aug 2019 21:02

pankajs wrote:https://twitter.com/5Forty3/status/1166602028568764418
Dr Praveen Patil @5Forty3

INC leaders privately confess "What do we fight for? Kashmir? Reinstatement of triple Talaq? Rebuilding Babri Masjid in Ayodhya? There is nothing left really, he (Modi) is giving the poor gas cylinders, money in their accounts (DBT), bijlee to homes... we are issueless"!
Modi is peerless when it comes to politics.

Welcome to majoritarian polity - we are moving fast towards a two party system. APJAK visited Seattle in 2009 and he answered one of the questions with India will go towards a two party system in the next decade. Prophetic words!!

chetak · Post by **chetak** » 28 Aug 2019 23:30

RBI has become so politicized these days with everyone and his uncle butting in and insisting on giving economics gyan

some wit on SM even called the transfer of some reserves to the Govt as das capital with full marx

twitter

RBI vs a vs peers in terms of Balance Sheet.

RBI undoubtedly remains one of the better capitalized Central Bank in the world.

Why do people trust developed world central banks which are so thinly capitalized?

ramana · Post by **ramana** » 29 Aug 2019 01:02

Basically last five years RBI was with holding funds from govt.
The average transfer was 0.5 lakh crores.
This time it was 1.76 lakh crores.
i.e. greater than 3X average.
What gives?

Essentially RBI and coterie were hiding this money for RaGa to give away once he came back to power.
He would have re-launched the MNREGA and get back all the states lost.

Now we know his confidence of giving Rs 72,000/person.
Its all hidden here.
Someone has to pay for being hidden moles even after 5 years.

This time Eshwara saved us.
Not just Ganesha.

-------------
Not only that look at currency liabilities of 52.9% and Foreign assets of 72.8%
Basically the RBI was keeping the $ strong by buying ~$1.20 for every rupee and handicapping the Indian economy.
And these folks are guardians of Indian economy.
And under Raghuram Rajan they wanted total independence to do even more harm.

chetak · Post by **chetak** » 29 Aug 2019 01:21

ramana wrote:Basically last five years RBI was with holding funds from govt.
The average transfer was 0.5 lakh crores.
This time it was 1.76 lakh crores.
i.e. greater than 3X average.
What gives?

Essentially RBI and coterie were hiding this money for RaGa to give away once he came back to power.
He would have re-launched the MNREGA and get back all the states lost.

Now we know his confidence of giving Rs 72,000/person.
Its all hidden here.
Someone has to pay for being hidden moles even after 5 years.

This time Eshwara saved us.
Not just Ganesha.

-------------
Not only that look at currency liabilities of 52.9% and Foreign assets of 72.8%
Basically the RBI was keeping the $ strong by buying ~$1.20 for every rupee and handicapping the Indian economy.
And these folks are guardians of Indian economy.
And under Raghuram Rajan they wanted total independence to do even more harm.

ramana Saar,

pardon my french and apologies in advance.

F(uk!ng $h!+, no one has insight like you.

Now a lot of the pre election machinations are falling into place, starting from that glib conman 3R who was being touted as the FinMin to pappu's extreme confidence in returning to the dilli throne.

this has the look of preplanned treachery and a BIF conspiracy.

It also looks like the desi conspiracy breakers have taken up the cudgels very seriously and are going after the lead actors.

It is easy to see that the mafia has had succession plans well laid out in advance in every organ of the state. That means that the events have a strategic dimension going back many many decades to establish controls over the levers of the state.

Sriperumbudur or the one before.

disha · Post by **disha** » 29 Aug 2019 01:34

ramana wrote:Basically last five years RBI was with holding funds from govt.
The average transfer was 0.5 lakh crores.
This time it was 1.76 lakh crores.
i.e. greater than 3X average.
What gives?

Essentially RBI and coterie were hiding this money for RaGa to give away once he came back to power.
He would have re-launched the MNREGA and get back all the states lost.

Now we know his confidence of giving Rs 72,000/person.

-------------
Not only that look at currency liabilities of 52.9% and Foreign assets of 72.8%
Basically the RBI was keeping the $ strong by buying ~$1.20 for every rupee and handicapping the Indian economy.
And these folks are guardians of Indian economy.
And under Raghuram Rajan they wanted total independence to do even more harm.

RBI cannot hide it more. I would even argue that Bimal Jalan committee took a benign look at RBI. From my understanding, RBI has a ballpark of 10 lakh crore in reserves. That is immense. What does it need so much reserves for? What is the function of RBI? An independent corporate from India?

RBI can easily part more, it does not have to worry about keeping rupee reserves particularly if INR is deprecating. If rupee is appreciating, it can always print more rupee to keep rupee-dollar value within a range.

I think next year as well RBI should be made to part another 1.5 lakh crore and another 1.5 lakh crore after that. In nutshell, RBI should not have such high reserves.

Since RBI is backed by Indian sovereignty and can print money, I would argue that RBI does not need any reserves other than defending Indian Rupee!

KJo · Post by **KJo** » 29 Aug 2019 01:36

That openly jihadi Islamist Mehdi Hasan has been chirping a lot on twitter about "hooman right issoooj".
They may be born and raised in a gora desh but Islam turns them all into aggressive Jihadis who see everything from a Muslim/Islam lens.

chetak · Post by **chetak** » 29 Aug 2019 01:46

disha wrote:
ramana wrote:Basically last five years RBI was with holding funds from govt.
The average transfer was 0.5 lakh crores.
This time it was 1.76 lakh crores.
i.e. greater than 3X average.
What gives?

Essentially RBI and coterie were hiding this money for RaGa to give away once he came back to power.
He would have re-launched the MNREGA and get back all the states lost.

Now we know his confidence of giving Rs 72,000/person.

-------------
Not only that look at currency liabilities of 52.9% and Foreign assets of 72.8%
Basically the RBI was keeping the $ strong by buying ~$1.20 for every rupee and handicapping the Indian economy.
And these folks are guardians of Indian economy.
And under Raghuram Rajan they wanted total independence to do even more harm.
RBI cannot hide it more. I would even argue that Bimal Jalan committee took a benign look at RBI. From my understanding, RBI has a ballpark of 10 lakh crore in reserves. That is immense. What does it need so much reserves for? What is the function of RBI? An independent corporate from India?

RBI can easily part more, it does not have to worry about keeping rupee reserves particularly if INR is deprecating. If rupee is appreciating, it can always print more rupee to keep rupee-dollar value within a range.

I think next year as well RBI should be made to part another 1.5 lakh crore and another 1.5 lakh crore after that. In nutshell, RBI should not have such high reserves.

Since RBI is backed by Indian sovereignty and can print money, I would argue that RBI does not need any reserves other than defending Indian Rupee!

Reserves belong to the shareholders and not to the company (RBI).

the reserves truly belong to the GoI and ultimately to the public.

the bank can explain till they are blue in the face but still, it cannot convince anyone as to why on earth did it ever need so much of reserves and the bank held these massive reserves precisely for what contingency.

what exactly was/is its risk universe and what are the mitigations that it seeks to deploy, does anyone actually know

The govt was begging for the easing of rates to stimulate the economy but the bank doggedly and quixotically focussed on a non threatening and the virtually non existent bogey of "controlling inflation"

The Modi govt has always been exceptionally prudent financially, and this is true even when he was in Gujarat.

when the govt itself risk averse and is also exceptionally prudent financially, unlike the reckless profligacy of the previous naxal lot and the turbaned "democracy" it ran, why does the bank have to duplicate the risk averseness and gum up the works solidly.

pankajs · Post by **pankajs** » 29 Aug 2019 02:35

Another one begins ...

https://twitter.com/ippatel/status/1166747607349071873

प्रशान्त पटेल उमराव @ippatel

ED issues summon to Ahmed Patel's son Faisal in ₹14,500 Cr Sterling Biotech case Scam.

PC is not the only one, many are coming in series.

shravanp · Post by **shravanp** » 29 Aug 2019 02:52

Almost everybody forgot the "Chaabi"-index. (Quoted from some of Modiji's lines in his early first term). What would be the Chaabi-index? Quite high.

Vips · Post by **Vips** » 29 Aug 2019 04:14

disha wrote:
ramana wrote:Basically last five years RBI was with holding funds from govt.
The average transfer was 0.5 lakh crores.
This time it was 1.76 lakh crores.
i.e. greater than 3X average.
What gives?

Essentially RBI and coterie were hiding this money for RaGa to give away once he came back to power.
He would have re-launched the MNREGA and get back all the states lost.

Now we know his confidence of giving Rs 72,000/person.

-------------
Not only that look at currency liabilities of 52.9% and Foreign assets of 72.8%
Basically the RBI was keeping the $ strong by buying ~$1.20 for every rupee and handicapping the Indian economy.
And these folks are guardians of Indian economy.
And under Raghuram Rajan they wanted total independence to do even more harm.
RBI cannot hide it more. I would even argue that Bimal Jalan committee took a benign look at RBI. From my understanding, RBI has a ballpark of 10 lakh crore in reserves. That is immense. What does it need so much reserves for? What is the function of RBI? An independent corporate from India?

RBI can easily part more, it does not have to worry about keeping rupee reserves particularly if INR is deprecating. If rupee is appreciating, it can always print more rupee to keep rupee-dollar value within a range.

I think next year as well RBI should be made to part another 1.5 lakh crore and another 1.5 lakh crore after that. In nutshell, RBI should not have such high reserves.

Since RBI is backed by Indian sovereignty and can print money, I would argue that RBI does not need any reserves other than defending Indian Rupee!

Modi should use a good chunk of the reserves to give remunerative prices to the farmers in 2023 and 2024 and spend in other big ticket items like Piped water availability to all. This would be kind of a reverse Rs 72k stunt on the Congis/BIF and needs to be done to get re-elected by 400+ seats in 2024. Dharmic forces needs to weed out the well entrenched BIF forces once and for all.

disha · Post by **disha** » 29 Aug 2019 04:31

chetak wrote: Reserves belong to the shareholders and not to the company (RBI).

the reserves truly belong to the GoI and ultimately to the public.

+72.

what exactly was/is its risk universe and what are the mitigations that it seeks to deploy, does anyone actually know

This is the print article on RBI https://theprint.in/opinion/central-ban ... st/283129/

(Looks like Coupta got some chabi or trying to create a modicum of balance now for a reason & to be used later)

Are the reserves excessive?
Internationally, there is no consensus on central bank reserves. Some central banks, such as the RBI, hold large reserves. In some countries (like Israel, Chile, Thailand), they even run with negative capital. Most others are in between. Commercial banks require capital to create faith in their soundness so that there are no runs on them. Central banks do not face such threats. For the RBI, maintaining reserves to ensure a good rating also does not make sense. A central bank’s credit rating is not distinct from that of the country.

On the forex-rupee reserves

From the total reserves, about 70 per cent (Rs 6.92 lakh crore approximately) are in the Currency and Gold Revaluation Account (CGRA). This account mainly covers revaluation losses on foreign currency securities. The main risk with these securities is that of rupee appreciation. The RBI books profits and losses in rupees. When rupee appreciates, foreign currency assets become less valuable in rupee terms, leading to losses for the RBI. The RBI makes profits when the rupee depreciates.
...
...
The RBI reserves are sufficient to absorb about 36 per cent appreciation – that is, rupee going to about 53 per dollar. The RBI is keeping reserves for an extremely low probability event.
...
...

And

This is also political because central banks, like other public agencies, have an incentive to “build an empire”, sometimes even at the cost of public interest. This is why, in other countries, the framework is usually given in the law or is in an agreement between the central bank and the government. The decision about central bank surplus cannot be left only to the central bankers.

...
A sustainable solution would involve including the framework for surplus and reserves in the RBI Act ... The framework should ensure optimal utilisation of surplus income – for building reserves and for fiscal purposes.

What Modi government can do is evolve this framework and update the RBI act. Since this can be called as a money bill, it will not need a nod in RS.

The act can be called "Managing surplus money and framework of money management by RBI".

In the meantime, for siding with Bakistan, CONgoons should be split into 2/3rd and 1/3rd. The rump CONgoons can be called as Congress (S) or Congress (C) (for Sonia/Chornia) and the larger set should call themselves BNC (Bharatiya National Congress). Gandhi's dream remains to be fulfilled.

Manish_Sharma · Post by **Manish_Sharma** » 29 Aug 2019 05:15

chetak wrote:
ramana wrote:Basically last five years RBI was with holding funds from govt.
The average transfer was 0.5 lakh crores.
This time it was 1.76 lakh crores.
i.e. greater than 3X average.
What gives?

Essentially RBI and coterie were hiding this money for RaGa to give away once he came back to power.
He would have re-launched the MNREGA and get back all the states lost.

Now we know his confidence of giving Rs 72,000/person.
Its all hidden here.
Someone has to pay for being hidden moles even after 5 years.

This time Eshwara saved us.
Not just Ganesha.

-------------
Not only that look at currency liabilities of 52.9% and Foreign assets of 72.8%
Basically the RBI was keeping the $ strong by buying ~$1.20 for every rupee and handicapping the Indian economy.
And these folks are guardians of Indian economy.
And under Raghuram Rajan they wanted total independence to do even more harm.
ramana Saar,.....

Sriperumbudur or the one before.

Is this rehearsal for future? I remember after Coca Cola was ousted nato retaliate by crashing Morarji's aircraft.

Now this:

https://twitter.com/Hiranyareta/status/ ... 45696?s=20

#जयश्रीराम हिरण्यरेता
@Hiranyareta
·
10h
WTH!!! Was it a dry run of something more heinous?

cc
@iMac_too

https://www.thequint.com/news/india/bsf ... s-aircraft

BSF Pilot Impersonates Senior To Fly Amit Shah’s Aircraft

(BSF) and Delhi Police have begun an investigation against a now former BSF pilot who allegedly faked emails of his senior in a bid to fly the aircraft of Union Home Minister Amit Shah.

A complaint has been registered against retired Wing Commander JS Sangwan at the police station at the Indira Gandhi International Airport.

complaint, engineering giant L&T received several emails from the Air Wing of BSF two months ago recommending then Wing Commander Sangwan to fly the aircraft of Amit Shah. The emails recommended Sangwan saying he had nearly 4,000 hours of flying experience.

vijayk · Post by **vijayk** » 29 Aug 2019 07:44

ramana wrote:Basically last five years RBI was with holding funds from govt.
The average transfer was 0.5 lakh crores.
This time it was 1.76 lakh crores.
i.e. greater than 3X average.
What gives?

Essentially RBI and coterie were hiding this money for RaGa to give away once he came back to power.
He would have re-launched the MNREGA and get back all the states lost.

Now we know his confidence of giving Rs 72,000/person.
Its all hidden here.
Someone has to pay for being hidden moles even after 5 years.

This time Eshwara saved us.
Not just Ganesha.

-------------
Not only that look at currency liabilities of 52.9% and Foreign assets of 72.8%
Basically the RBI was keeping the $ strong by buying ~$1.20 for every rupee and handicapping the Indian economy.
And these folks are guardians of Indian economy.
And under Raghuram Rajan they wanted total independence to do even more harm.

Remember that scumbag Acharya garbage fellow who quit recently and going back to academics in US. This CON scum was hidden agent who was egging on Urjit to precipitate a crisis. Urjit ended up resigning because he could not squeeze this scumbag and kick him out.

vijayk · Post by **vijayk** » 29 Aug 2019 07:56

Rsatchi wrote:
A_Gupta wrote:https://www.cnn.com/europe/live-news/br ... index.html
Brexit shock as UK PM asks Queen to suspend Parliament
(This basically shortens the period the Parliament can work before the Brexit date of October 31.)

Now either the Western democracies all condemn this as anti-democratic, or else are called for their hypocrisy for their words against India.
This reminds of an old picture dialogue:
'Aap karo tho sat-karma
Agar ham kare tho Dush-karma'

The liberal shit cans called NYT/WaPo and filthy garbage in India keep calling BJP/Modi autocratic.

Look at this UKstan. He suspends Parliament. Going Paki route
Look at how Parliament was run during AP reorg. Switch off cameras, power and beat up MPs. Voice vote. No discussion.

Compare this to 370 debate. complete, open and no craziness

Suraj · Post by **Suraj** » 29 Aug 2019 09:13

Reserves (as in foreign exchange reserves) are not just assets but in many cases have liabilities too from an accounting standpoint. For example, even FCNR/NRE deposits that add to forex reserves are liabilities too, because they are repatriable, and thus the bank, and correspondingly RBI, needs to account for someone withdrawing that money. Reserves generated by a current account surplus on the other hand are not tied to such a liability as they're straightforward trade surplus earnings.

The capital reserve that the RBI maintains is approximately 25% of its total balance sheet, of which <6% is the contingency fund into which its earnings go (and the surplus of which goes to GoI). There is a post in the economy thread describing this further. Whether or not the RBI's capital reserve is too large is a subjective matter.

In my opinion, there should be a clear statutory basis, or at least one that involves a regular (e.g. semi-decadal, or one each new government is entitled to constitute) committee based formula, with both RBI and GoI having a place on the committee. Many of these issues are the result of ad hoc arrangements no longer suitable to the working of a massive economy like ours, and which require clear processes not impacted by relative personal chemistries between the central bank and government leaders.

chetak · Post by **chetak** » 29 Aug 2019 13:33

twitter

What has Modi done for Hindus??

Keep counting guys for he's not going to stop at this!!!

Pratyush · Post by **Pratyush** » 29 Aug 2019 16:49

I am not understanding the Chidambaram drama with ED.

No charges have been filled. Nor has he been formally accused by any agency of having committed a crime. All that is happening is an attempt from CBI / ED to establish any wrongdoing on his part.

His determination to evade cooperation with ED tells me that he has something to hide.

Why someone with his intellect can't figure it out?

Also why is Sibal playing in such an incompetent manner.

Karthik S · Post by **Karthik S** » 29 Aug 2019 17:00

Pratyush sir, is that a question or a statement in the form of a question?

Pratyush · Post by **Pratyush** » 29 Aug 2019 18:25

It is a question.

ArjunPandit · Post by **ArjunPandit** » 29 Aug 2019 19:18

pankajs wrote:Another one begins ...

https://twitter.com/ippatel/status/1166747607349071873
प्रशान्त पटेल उमराव @ippatel

ED issues summon to Ahmed Patel's son Faisal in ₹14,500 Cr Sterling Biotech case Scam.

PC is not the only one, many are coming in series.

this, in my opinion, is quite big. It's Dr Strange's statement "we're in Endgame now". It seems like the forts are directly shelled now..Azam khan is hounded in a serious manner now. One more term to this govt and these guys will be wiped out, hopefully permanently..

Vikas · Post by **Vikas** » 29 Aug 2019 21:00

They really haven't understood Modi ji if they thought 2.0 will be similar to 1.0. They also include Pakis and Chinese.

kit · Post by **kit** » 29 Aug 2019 21:40

ramana wrote:Basically last five years RBI was with holding funds from govt.
The average transfer was 0.5 lakh crores.
This time it was 1.76 lakh crores.
i.e. greater than 3X average.
What gives?

Essentially RBI and coterie were hiding this money for RaGa to give away once he came back to power.
He would have re-launched the MNREGA and get back all the states lost.

Now we know his confidence of giving Rs 72,000/person.
Its all hidden here.
Someone has to pay for being hidden moles even after 5 years.

This time Eshwara saved us.
Not just Ganesha.

-------------
Not only that look at currency liabilities of 52.9% and Foreign assets of 72.8%
Basically the RBI was keeping the $ strong by buying ~$1.20 for every rupee and handicapping the Indian economy.
And these folks are guardians of Indian economy.
And under Raghuram Rajan they wanted total independence to do even more harm.

+1 ., these are the very things that *every Indian* has to know esp the younger generation

chetak · Post by **chetak** » 29 Aug 2019 21:45

Vikas wrote:They really haven't understood Modi ji if they thought 2.0 will be similar to 1.0. They also include Pakis and Chinese.

in 1.0, Modi was like a duck on a leisurely swim, appearing calm outwardly and on the surface but all the while paddling furiously underneath.

The congis/commies/naxals didn't see the furious paddling and they paid the price for their shortsightedness.

fanne · Post by **fanne** » 29 Aug 2019 21:46

Not only know, punish if you know (not prove) without doubt that these guys were playing games or acting against current GOI for some other out of power politician/bureaucrat/ or a foreign interest. These guys tend to be criminals, get them for other easily provable crime and put them in. Remember the famous drug dealer who great US of A put in for tax fraud (because proving murder and drug was almost becoming illegal)

chetak · Post by **chetak** » 29 Aug 2019 22:10

kit wrote:
ramana wrote:Basically last five years RBI was with holding funds from govt.
The average transfer was 0.5 lakh crores.
This time it was 1.76 lakh crores.
i.e. greater than 3X average.
What gives?

Essentially RBI and coterie were hiding this money for RaGa to give away once he came back to power.
He would have re-launched the MNREGA and get back all the states lost.

Now we know his confidence of giving Rs 72,000/person.
Its all hidden here.
Someone has to pay for being hidden moles even after 5 years.

This time Eshwara saved us.
Not just Ganesha.

-------------
Not only that look at currency liabilities of 52.9% and Foreign assets of 72.8%
Basically the RBI was keeping the $ strong by buying ~$1.20 for every rupee and handicapping the Indian economy.
And these folks are guardians of Indian economy.
And under Raghuram Rajan they wanted total independence to do even more harm.
+1 ., these are the very things that *every Indian* has to know esp the younger generation

It is only pappu and not anyone else who has said that Modi has "stolen" the money from the RBI. In pappu's "mind" the RBI held money was his "inheritance" that the congis had quietly squirreled away over time.

During the campaigning, when pappu announced his grandiose Rs 72,000 per head scheme, it left the polity bewildered and even darbari presstitutes were asking from where this Rs 72,000 per head was coming from and where was the budget for it.

It was only RRR, dreaming of becoming the FM, who answered that it was doable. BTW, after the election results, he seems to have dived deep and has not surfaced yet.

and all the foreign affiliated RBI governors and deputy governors who spoke out against Modi while in service is not a mere coincidence.

very few Indian govt servants have wilfully broken the maryada and traditions of the RBI is such a crude and wilful manner

In reality, the RBI governor is merely a high ranking govt servant and one who serves at the will and pleasure of his master the FM and ultimately the PM.

He can be fired as he was hired, at the sweet will and wish of the GoI. His independence extends only as far as the leash of the Section 7 of the RBI act allows him and this "freedom" is not unrestricted as so many RBI governors and our presstitutes foolishly like to think it is.

kit · Post by **kit** » 29 Aug 2019 23:39

chetak wrote:
Vikas wrote:They really haven't understood Modi ji if they thought 2.0 will be similar to 1.0. They also include Pakis and Chinese.
in 1.0, Modi was like a duck on a leisurely swim, appearing calm outwardly and on the surface but all the while paddling furiously underneath.

The congis/commies/naxals didn't see the furious paddling and they paid the price for their shortsightedness.

looking to see where Modi 3.0 heads

pankajs · Post by **pankajs** » 30 Aug 2019 00:41

The strong mandate is being recognized up and down the line

https://twitter.com/ANI/status/1167022159274758145

ANI @ANI

Senior Congress leader DK Shivakumar's plea to quash the Enforcement Directorate's summons rejected by Karnataka High Court. (File pic)