AMNESTY or DUPLICATE.
FH.

If things goes like this, people will go back to Congress. Pretty hard choice as there is no real good parties.

With FD rate is around 4-5%. No social security,no quality health care, escalating cost of living Indian citizens are going from frying pan to fire.

Some say property prices will come down, I think instead of coming down it will either remain same or just a difference of +/- 2 to 3 %. The reason being like western countries India will also bring the lending rate to around 6-7% and tempt people to buy and live on borrowed money. A concept going on in western economy for many years. Once you have mortgage, credit card and other debt. life revolves around those things only.

PM Modi has still another 2 years to mess up. Blinded bhakhts will take many years to understand what really has happend to them. As always aam admi will be collateral.

I truly hope that PM Modi will use more logic in his future decisions and make India great. on a second thought I however feel its not Modi, Arun Jaitely could be the real problem.

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Originally posted by Confused_Canadian

its not Modi

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Originally posted by futureguy
1. No free healthcare in India. Unless you consider the horrific gov. Hospitals, where literally people from slums go and even for that there is a huge massive lineup.
In addition to private hospitals - doctors,labs,chemist,xray clinics,mri clinics etc are looting patients left right and centre.

2. No free education. Donations , bribes, high fees, reservations rampant in schools and colleges.

3. No Unemployment insurance if you lose your job. Like EI in Canada.

4. Horrific infrastructure. Roads, water, electricity, public transport, gov services, municipal services,pollution in a bad state. Over crowded, over populated. Bribes, delays, shoddy service is rampant.

5. Almost double digit inflation each year. The official figures are lower, but real figures are almost 10 %.

6. Affordable housing beyond common mans dreams. High RE prices and High mortgage rates. Most unregulated industry in India.

Projects not completed on time. Inferior construction material used. False promises. Illegal construction done without proper NOC. Pay for builtup area, but only get carpet area to live in. So pay for a 1,000 sq. ft flat in crores, but get only 700 sq. ft carpet living space.

7. Corrupt Police. Corrupt judges and justice system. Fake and false cases filed against you. Dadagiri and Goondagiri is rampant. Law and Order is a joke.

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A Delhite in Toronto

Between petulant whining by NRI's, for a few shekels lost in demonetisation, and Modi bhakti movement ---- Lol! at this thread.

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Originally posted by Delhite

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Originally posted by futureguy
1. No free healthcare in India..............................
2. No free education.............
3. No Unemployment insurance...........................
4. Horrific infrastructure. ........... Bribes, delays, shoddy service is rampant.
5. Almost double digit inflation each year..................
6. High RE prices and High mortgage rates.........................
Projects not completed on time. Inferior construction material used. False promises. Illegal construction ................................
7. Corrupt Police. Corrupt judges and justice system..............

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Please don't divert this thread into another India vs Canada bashing. Stay on the subject.

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Many many years ago, when I was in school, I heard the following story.
Guess story telling is helpful in understanding something, nevertheless there are those who are zealously devout...

Once Badshah Akbar' s army was engaged in a prolonged war. As a result his royal wealth ("shahi khazana" was nearly exhausted.
He asked Birbal, "How to replenish my wealth."
Birbal: You can get it from Dhanna Seth.(merchant).
Akbar was amazed as to how a trader/ merchant could have so much money. Still he went to Dhanna Seth.
Dhanna Seth offered: Badshah Akbar, I have huge wealth, take as much as you want."
Akbar: Dhanna Seth, How did you accumulate so much wealth. Tell me without any fear of punishment.
Dhanna: I earned it by adultrating grains & spices.
Akbar got angry, he took all of Dhanna's wealth and ordered him that from then on he would collect the horse dung in his royal stable. Dhanna agreed.
Years passed by. Again Akbar had to fight a long drawn battle. Again his royal wealth exhausted & again Birbal advised Akbar to go to Dhanna Seth for help.
Akbar wondered : Birbal, I had ordered him to work in royal stable to collect horse dung, How on earth he can have such a wealth."
Birbal: Badshah, you can ask him but only he can help you.
Akbar went to Dhanna. Dhanna gave Akbar huge wealth.
Akbar: Dhanna Seth, I had earlier taken all your wealth, How did you accumulate it again?
Dhanna: From the stable - incharge & horse attendants. They used to underfeed the horses. I threatened them that I will complain to Badshah that they did not feed horses enough, hence the horse dung quantity was less. So they bribed me to keep silent.
Akbar got very angry again & ordered Dhanna to start counting the waves at sea & returned to his Palace with Dhanna's wealth.
As luck would have it, Akbar fought another war, royal wealth emptied out and once again Birbal advised Akbar to go to Dhanna Seth for help.
Akbar could not believe as to how Dhanna could earn so much by counting waves at sea.
Akbar asked Dhanna for the help.

Dhanna: Badshah, Take as much as you want but this time around I will not change my profession.

Akbar: Ok, but tell me how did you earn money by counting Water waves at sea.

Dhanna: Very simple, I used to stop merchant's ships & boats far away from sea shore. I showed them your orders that I was counting waves & their ships & boats would disturb or break the waves hence their ships or boats should stay away. Badshah, these merchants then used to bribe me to let them reach the shore & unload their merchandise.

So Badshah understood that Dhanna Seth can earn by engaging in manipulations & bribery from any profession.

Demonetisation or no demonetisation, the Dhanna Seths of our society will always find a way to earn & accumulate black money.

Question is not about few shekels. To someone it may be little, to others not so.


Here is another interesting article:

http://www.firstpost.com/india/demonetisation-on-what-legal-grounds-can-rbi-write-off-notes-it-had-promised-to-honour-3112516.html

Demonetisation: On what legal grounds can RBI write off notes it promised to honour?

By Sandipan Sharma

'I promise to pay the bearer of this note...' vows the RBI governor on every Indian currency note.

Every currency note is a contract between the bearer and the state, something that has been signed in good faith and ratified by the extant law of the land.


The question then is this: Can the contract be repudiated unilaterally by the state? Can the bearer of the note be shooed away when he demands its execution even when there is no expiry date or conditions on the contract?

Is the citizen-sovereign contract at the mercy of to executive's fiat taken without consulting the legislature?

Now, that the Supreme Court has refused to interfere in legal challenges filed against the Narendra Modi government's decision to outlaw Rs 500 and 1,000 notes, it is quite likely that some of the pertinent questions could finally be answered and the decision examined under the Indian Constitution.


On Friday, the Supreme Court came down hard on the government and refused to entertain its request to put on hold petitions pending in various high courts challenging the decision to scrap Rs 500 and Rs 1,000 bank notes. The apex court is right. A decision that affects every Indian's life without going through the necessary legislative process — debate, deliberation and vote — ought to be seriously examined. The other two pillars of a democracy — the legislature and the judiciary — must be given an opportunity to scrutinise an executive decision with huge ramifications.

Two days ago, while at a conclave, former RBI governor D Subbarao had argued that he was not sure about the legal position of the government move.

He said all currency notes carry a legal obligation, as the “RBI has guaranteed that it will pay the bearer the sum or the value of the denomination that is printed on that note.”

“The government has not used the word demonetisation. All that the government has said is that it is withdrawing these notes as being legal tender. But it still leaves us with the question: does the RBI have the obligation to pay the bearer, or is that obligation over, after the government announcement,” he added.

To be fair to the Modi government, notes of higher denomination have been outlawed in the past too. In 1978, the Janata government had scrapped notes of higher denomination without facing legal hurdles.

Interestingly, as Subbarao points out, the government and the RBI have not used the term ‘demonetisation’.

"The press release issued by the government talks only about ‘cancelling the legal tender character’ of the high denomination notes, raising questions about whether they are drawing a fine distinction between delegalisation and demonetisation.

To the extent the de-legalised Rs 1,000 and Rs 500 rupee notes are destroyed (i.e. not returned to the banking system), the liability of the RBI should come down by that amount," the former RBI governor pointed out.

So, we need satisfactory answer to the relevant questions:

1) Can the state end its contract with citizens ex-parte?

2) On what legal grounds can the RBI write off notes it had promised to honour? Can banks just throw out people who go with these notes to banks after the deadline set by the government?

So far, several explanations have given for this 'delegalisation.' It has been sold as a panacea for black money, corruption, counterfeit currency, Naxalism and cross-border terrorism. We have been told that Kashmir will become quiet now becomes the youth there have no money to buy stones to throw at security forces.

But, not much has been put out in the public domain by figure of data and hard numbers. Most of the answers have come in the form of high-decibel rhetoric and through speeches where the Prime Minister has displayed an entire range of emotions.

But, somebody needs to separate the rhetoric from facts.

The government can, of course, ignore the Court's warning of there being a possibility of riots if things do not improve, the suffering of people is not mitigated and money is not pumped back into circulation. The queues are getting longer, people are dying outside banks and ATMs. In the rural areas, away from the echo chambers of TV studios and social media, there is panic and anarchy.

The court has given the government a warning, a wakeup call. It can, of course, continue to remain in denial and commit suicide.

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Originally posted by elmer fudd

Between petulant whining by NRI's, for a few shekels lost in demonetisation, and Modi bhakti movement ---- Lol! at this thread.

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