Corrupt Practices endangering Public and National Economy Looting Funds
A. ' UNO General Secretary deeply regretted and cautioned the Countries to eradicate Corruption and Corrupt practices since this issue is the root cause of Torment/Torture, Afray/Assaults, uncertainty, use of Arms/ Terrorism, Drugs/Cheating, AND ILLEGAL HUMAN TRANSPORT ' .
Corruption and Corrupt behviour is increasing besides loot and misuse of wealth and Finances that to be set for ban. As UNO commented, the effect of Corruption and Corrupt Practices is resulting in deterioration of GDP by 5% .
1. Empowerment of Judiciary on implementation of Constitutional Mandates and Guarantees
2. Media commitment for legitimately secured Government Rule and Public Welfare
3. Promoting Safeguarding Whistle blowers, Police informers
4. Aadhar Card Linkage to all sorts of Financial Transactions of Rs.2,000/- and above including Subsidised issues, Grants, Reliefs etc.,
5. Limiting Cash Transactions to below Rs.2,000/-
6. Revision of IPC Punishments mandating compulsory enforcement of Chapters relating to Elections, Public Tranquility, Public Health Decency and Modesty, FISCAL FRAUDS RELATING TO PUBLIC AND GOVERNMENT , Religious Offenses
ARE TO BE FAST INITIATED AND IMPLEMENTED.
B. G – 20 Countries also unanimously resolved on [i] Joint Action on Fiscal Frauds [ii] United Control of Terrorism. Even hereafter, every Country shall stop defending Fiscal Offenders/Fraudsters/Criminals and Aggressors/Terrorists under any umbrella, pretext, even at Liberties of Business/Profession AND, Rights of Privacy/Secrecy.
Fiscal offences are deteriorating Country’s economy, seriously effecting GDP, causing Fall in Exchange Rate ; AND on the other-hand resulting in increase of World bank Loans, Grants in Aids of Foreign Countries.
Financial Frauds in Business, Agencies, Banks and Financial Institutions not only swallowing Citizen savings, National Income, National Wealth, but also resulting in increase of FDI even leasing to Foreigners as opted recently by some States which infact lead to inviting Merchant Rule for forever-loot which ultimately tenders another QUIT INDIA .
C. RBI, Serious Fraud Investigation Office and GOI to Unite or, prefer to Form a specific Council. Yes. Frauds purposefully or negligently allowed in Banks and Financial Institutions amidst functioning of CBS, LOU etc., and RBI . NCLT ; IBC also could not analyse/find in time.
Sri Raghuram Rajan Ex.RBI Governor reported that :- [1] NPAs were started during 2006 – 08 since the timely completion of power like Infra projects , Self sustainty in Economic Status were preferred by Banks in lending liberally on major projects and ventures .
[2] Banks also neglected self assessment of the project Estimates, Reports and did not observe/analyse the reasonable Investment of the Promoters while extending abnormal Loans . Banks also extended free hand in lending Such.
[3] Assumed that Corruption is also to some extent resulted in NPAs.
[4] These 3 cannot be individually set for the reasons of NPAs. But, it is obvious, the Banks acted on high Self-confidence and also did not Scrutinize the Technical and Commercial Project Reports of the Companies. For this, BANKS WERE RELAYED ON ‘ SBI Caps ; IDBI Bank and like opting Outsourcing ‘ . And, this is Dilution where by chances and means of influence and self interest of other’s gets increased.
[5] Cases where Frauds were identified though less than NPAs, Volume of cheating had been increasing due to NON COORDINATION between Banks and Vigilance Wings and said that he had initiated a Monitoring Cell while also forwarded a list of High Profile Cases to PMO .
[6] Sri Raghuram Rajan also said that he do not know whether there is any working on this Report/List AND SAID THAT THERE IS FAST NEED TO LOOK INTO TO ACT.
He also said that though RBI nominee’s existence in all PSBs, they will have no experience on the matters, issues, systems of Lending Business Loans .
ON THE WHOLE, the above reveal that there had been a willful set aside of requisite Duty on the side of Lending Banks ; on the side of the Promoter’s investment Bank ; AND, MAINLY THE WILLFUL NEGLECT BY THE GOVERNMENTS .
These three are individually responsible for the VOLUME OF FRAUDS TAKEN PLACE, IDENTIFIED ; AND ; THE ISSUES OF NPAs already identified and , those still in Deep Freeze .
[7] Sri Raghuram Rajan suggested : a. To improve Governing responsibility in PSBs .
b. Improve Self Scrutiny of project proposals and periodical Analysis of conduct of Accounts,
c. To be vigilant on the Loan Repayments and dues of installments
d.. To keep Public Sector Banks away from Government
e. Strengthen Loan Recovery Process and practice etc., are to be ever Monitored.
D. ON THE WHOLE THERE IS THE NEED OF ABOVE STRICT REGULATIONS TO CONTROL CORRUPTION AND FINANCIAL FRAUDS TO ENSURE GUARANTEED APPLICATION OF THE BENEFITS OF '' Aatmanirbhar Bharat Abhiyan "" / Self Reliant India , Education , Healthcare , Infrastructure and Agriculture .
E. The continued Corrupt Practices are given below
1.Continued Corrupt Practices in States to be curtailed Fast : 1. PDS Rice still set to Black Market found and Seized even when additional quota released on account of Coved-19
2.National Produces like Sandal, Opium (Ganjai) , Granites also found in transit and Seized every month
3.Corruption incidents reported, but found and Seized in Revenue and Registration Offices often
4.Direct ACB raids also Seized high volume of Currency, Gold, Documents of Properties frequently
5. Officers of Revenue , Registration , RTAs, Rtd. Govt Officers found possessing Currency even upto 98 lakhs besides Gold and Documents of Properties
Decades of failure in various wings of Policing , decades together Failure in enforcing several Chapters of IPC on Offences relating to Elections, Fiscal Frauds, Contempt of Authority of Govt and Courts, Public Health, Decency/Dignity and Public Tranquility etc., became chronic and continued more
Corruption and Corrupt behviour is increasing besides loot and misuse of wealth and Finances that to be set for ban. As UNO commented, the effect of Corruption and Corrupt Practices is resulting in deterioration of GDP by 5% .
1. Empowerment of Judiciary on implementation of Constitutional Mandates and Guarantees
2. Media commitment for legitimately secured Government Rule and Public Welfare
3. Promoting Safeguarding Whistle blowers, Police informers
4. Aadhar Card Linkage to all sorts of Financial Transactions of Rs.2,000/- and above including Subsidised issues, Grants, Reliefs etc.,
5. Limiting Cash Transactions to below Rs.2,000/-
6. Revision of IPC Punishments mandating compulsory enforcement of Chapters relating to Elections, Public Tranquility, Public Health Decency and Modesty, FISCAL FRAUDS RELATING TO PUBLIC AND GOVERNMENT , Religious Offenses
ARE TO BE FAST INITIATED AND IMPLEMENTED.
B. G – 20 Countries also unanimously resolved on [i] Joint Action on Fiscal Frauds [ii] United Control of Terrorism. Even hereafter, every Country shall stop defending Fiscal Offenders/Fraudsters/Criminals and Aggressors/Terrorists under any umbrella, pretext, even at Liberties of Business/Profession AND, Rights of Privacy/Secrecy.
Fiscal offences are deteriorating Country’s economy, seriously effecting GDP, causing Fall in Exchange Rate ; AND on the other-hand resulting in increase of World bank Loans, Grants in Aids of Foreign Countries.
Financial Frauds in Business, Agencies, Banks and Financial Institutions not only swallowing Citizen savings, National Income, National Wealth, but also resulting in increase of FDI even leasing to Foreigners as opted recently by some States which infact lead to inviting Merchant Rule for forever-loot which ultimately tenders another QUIT INDIA .
C. RBI, Serious Fraud Investigation Office and GOI to Unite or, prefer to Form a specific Council. Yes. Frauds purposefully or negligently allowed in Banks and Financial Institutions amidst functioning of CBS, LOU etc., and RBI . NCLT ; IBC also could not analyse/find in time.
Sri Raghuram Rajan Ex.RBI Governor reported that :- [1] NPAs were started during 2006 – 08 since the timely completion of power like Infra projects , Self sustainty in Economic Status were preferred by Banks in lending liberally on major projects and ventures .
[2] Banks also neglected self assessment of the project Estimates, Reports and did not observe/analyse the reasonable Investment of the Promoters while extending abnormal Loans . Banks also extended free hand in lending Such.
[3] Assumed that Corruption is also to some extent resulted in NPAs.
[4] These 3 cannot be individually set for the reasons of NPAs. But, it is obvious, the Banks acted on high Self-confidence and also did not Scrutinize the Technical and Commercial Project Reports of the Companies. For this, BANKS WERE RELAYED ON ‘ SBI Caps ; IDBI Bank and like opting Outsourcing ‘ . And, this is Dilution where by chances and means of influence and self interest of other’s gets increased.
[5] Cases where Frauds were identified though less than NPAs, Volume of cheating had been increasing due to NON COORDINATION between Banks and Vigilance Wings and said that he had initiated a Monitoring Cell while also forwarded a list of High Profile Cases to PMO .
[6] Sri Raghuram Rajan also said that he do not know whether there is any working on this Report/List AND SAID THAT THERE IS FAST NEED TO LOOK INTO TO ACT.
He also said that though RBI nominee’s existence in all PSBs, they will have no experience on the matters, issues, systems of Lending Business Loans .
ON THE WHOLE, the above reveal that there had been a willful set aside of requisite Duty on the side of Lending Banks ; on the side of the Promoter’s investment Bank ; AND, MAINLY THE WILLFUL NEGLECT BY THE GOVERNMENTS .
These three are individually responsible for the VOLUME OF FRAUDS TAKEN PLACE, IDENTIFIED ; AND ; THE ISSUES OF NPAs already identified and , those still in Deep Freeze .
[7] Sri Raghuram Rajan suggested : a. To improve Governing responsibility in PSBs .
b. Improve Self Scrutiny of project proposals and periodical Analysis of conduct of Accounts,
c. To be vigilant on the Loan Repayments and dues of installments
d.. To keep Public Sector Banks away from Government
e. Strengthen Loan Recovery Process and practice etc., are to be ever Monitored.
D. ON THE WHOLE THERE IS THE NEED OF ABOVE STRICT REGULATIONS TO CONTROL CORRUPTION AND FINANCIAL FRAUDS TO ENSURE GUARANTEED APPLICATION OF THE BENEFITS OF '' Aatmanirbhar Bharat Abhiyan "" / Self Reliant India , Education , Healthcare , Infrastructure and Agriculture .
E. The continued Corrupt Practices are given below
1.Continued Corrupt Practices in States to be curtailed Fast : 1. PDS Rice still set to Black Market found and Seized even when additional quota released on account of Coved-19
2.National Produces like Sandal, Opium (Ganjai) , Granites also found in transit and Seized every month
3.Corruption incidents reported, but found and Seized in Revenue and Registration Offices often
4.Direct ACB raids also Seized high volume of Currency, Gold, Documents of Properties frequently
5. Officers of Revenue , Registration , RTAs, Rtd. Govt Officers found possessing Currency even upto 98 lakhs besides Gold and Documents of Properties
Decades of failure in various wings of Policing , decades together Failure in enforcing several Chapters of IPC on Offences relating to Elections, Fiscal Frauds, Contempt of Authority of Govt and Courts, Public Health, Decency/Dignity and Public Tranquility etc., became chronic and continued more
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For Sri. Uday G B:-- It would not be out of place here to recall that the hats and huts of Political Science are not the mothers of all educative democracies which in turn either decimated or demolished the monopolies that were once upon a time the Crowns in the West and the East. The truth of economical capacity and global balance capability have indeed arrived much sooner than later for the stage is already set for the World of the global systems. Your so-called 'factual results' are limited to the people on the streets and/or to the dear ones in the nearest human subordinated-relationships. A better perception of the essence of current Political Science considered is of the global systems in today’s World. In fact, creative technological democracies grownup stabilizing themselves as global systems and world at large meaningful and the largest to live in. Not only social behavior but also other walks of human life are awaiting new universal value codes. Comes firstly in the new value codes is the political enlistment of the world suffering from the political divide; a Global Government for all Nations' upliftment is the new value code. Also, the World has become a victim of religious diversity and needs unification of religions into new unique ones as the second new value code. Already, it is established that each and every Religion in the World comes out of a Book or Ancient Scripts. Then, why not, only one Book-based Global-System-Religion? Expanding populations world over recognized the need for common security, food, drinking water, and health services paving the way for Global Systems with a mind for creative economic and scientific values in global technologies. See my attachment via zoom-technology. more
Aug 20
So-called Secularists, Humanists , Economists , Developers , Growth Mongers DID NOT COME OUT OF THEIR GREED OF INDIVIDUAL INTERESTS . Except few in Finger Count Allover the World NONE CARED THE SOCIETY , COUNTRY , REGION LIVING IN .
This is why this Unique Tragedy Allover . Economic or Religious Thirst IS DUE TO THE SELFISH POWER HUNGER .
There has been no natural Justice Human Morale and is why CORRUPTION , CORRUPT AND CRIMINAL PRACTICES IN RULE RUINED MAJORITY PEOPLE Except a few pious and Strictly Controlled Countries of a meager count . more
This is why this Unique Tragedy Allover . Economic or Religious Thirst IS DUE TO THE SELFISH POWER HUNGER .
There has been no natural Justice Human Morale and is why CORRUPTION , CORRUPT AND CRIMINAL PRACTICES IN RULE RUINED MAJORITY PEOPLE Except a few pious and Strictly Controlled Countries of a meager count . more
Aug 20
Theoretically all said and heard is v. good. Practically & factually it's of NO USE as we have to face the same problem every nuck & Corner - become a part of system. Even though there is Political Will expressed - factually results Counts.- which is disappointing more
Aug 20
A policy of placing the interests of the World above those of individual and groups of Nations which rise above their unilateral, bilateral and multilateral agreements, intelligence and profits. Who can be Enemies to Global Systems (EGS)? Global Peace is the ideal while the United Nations Organisation is in its place. Who can be Enemies to Global Systems (EGS)?? Global Economics is the ideal while the International Monetary Fund is in its place. Who are the enemies of the Global System (EGS)??? Global Education is the ideal while the University of the United Nations is in its place. Who are the enemies of the Global System (EGS)???? Global Health is the ideal while the World Health Organisation is in its place. Who are the enemies of the Global System(EGS)????? Global Justice is the ideal while the International Court of Justice (I C J) is in its place. Who are the enemies of the Global System (EGS)?????? Global Law & Order is the ideal while the Interpol, Scotland Yard Police & Detectives are in their place. Who are the enemies of the Global System (EGS)??????? more
Aug 19
Those Individually neglecting issues of above 6 IN PARTICULAR, SAFETY SECURITY AND JUSTIFIED RUN OF RULE
while those who care these 3 ultimately inevitable CHARACTERS TO RULE ARE SAFELY SECURED IN COUNTRY AND REGION . more
while those who care these 3 ultimately inevitable CHARACTERS TO RULE ARE SAFELY SECURED IN COUNTRY AND REGION . more
Aug 20
Ruling Parties in 6 Decades Preferred Party Wealth, left off Life Directives of Articles 38 39 41 45 46 47 and 48 . NOW EVERY PATRIOTIC CITIZEN SHALL SHARE RESPONSIBILITY TO USE PRESENT WELFARE DEVELOPMENT PROGRAMS AND PROVISIONS OF GOI supporting National Unity in overall Development and Sustaininity . Without Citizens Participation nothing can be achieved . H'ble PM 2 YEARS BACK ITSELF CAUTIONED QUOTING THE DEDICATED SPIRIT OF "" Quit India Movement "" for removal of POVERTY . more
Aug 19
