RBI

rbi-circular-notes-exchange

An opportunity for political opposition of #demonetisation

Political parties in India are not required to account for small cash donations. This has been used to do much evil in India. Political parties should consider exchanging the troublesome notes for citizens as donations received and returned (for whatever reason, including “demonetisation”) and get the notes exchanged in bulk at the RBI (or deposited into …

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Problems with the tall claims made about demonetisation

There is an abundance of claims by the government both about the virtues of demonetisation as well as the duration of the “inconvenience” people have to go through. Here is my attempt to debunk some of them. To begin with, there is a slight problem. The objectives of the demonetisation have not been officially and explicitly …

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Farmers and disabled people protesting at CST in 2013

Banks Like Moneylenders Charge @ 21%-36% From Farmers #JaiKisan

On Short Term Crop Loans – BRIBES & Documentation cost and Interest cost 8% for average 3 months  Translates to 36+ Interest Rate on compounding.   On Short Term Loans – BRIBES & Documentation cost around 12% for average 2 Years, @ 14% is 40-45% Charge in 2 years or 21%+  Rate on compounding.   …

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Aniruddha Bahal, the top sting operation investigative journalist of India

Cobrapost: Unrewarding Journalism [with The Stalkers video]

Update: Since this post was written, Cobrapost have done several more stings exposing deep rooted wrongs in India. From social media services for political parties to spread disinformation, slander or rig elections, to confessions of brutal murders of dalits who have been getting acquited in case after case. Today Cobrapost has exposed the “Love jihad” …

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