1. The document discusses and critiques Vinod Rai's report on the 2G spectrum scandal and a recent court order dismissing charges in the case.
2. It argues that Rai's report made unsupported claims about losses, did not properly distinguish between 2G and 3G services, and may have had political motivations to protect existing telecom companies.
3. The document also suggests the prosecution was deliberately weakened, and that the court order exposes flaws and political motives in the investigation.
This document provides a summary of some of the important judgments delivered by the Supreme Court of India in 2019. It discusses judgments related to telecom regulatory fees, the scope of the Right to Information Act, criminal sentencing practices, caste-based atrocities laws, and housing projects. The document also mentions that the Chief Justice of India was cleared of sexual harassment charges in May 2019. It aims to capture the key legal developments and events of the year through analyses by legal experts.
This document is a complaint letter regarding several companies that obtained approval to raise short-term deposits from investors but have not repaid either the principal or interest owed since 2014. The letter details how the complainant has lodged complaints with various government agencies, including the Registrar of Companies, SEBI, the Economic Offences Wing of the Delhi Police, and the Ministry of Corporate Affairs, but no action has been taken. The letter provides details of the complaint filing process with these agencies and argues that the grievance redressal system is failing investors. It questions why the agencies have not taken action against the companies or their promoters and seeks answers to several questions regarding the total amounts owed and steps to be taken.
The document discusses several shocking revelations about the process of selecting the 5 shortlisted symbols for the Indian rupee symbol:
- Over 3300 designs were submitted but jurors only spent around 18 seconds reviewing each design.
- One of the shortlisted symbols was submitted by a person involved in the selection process.
- The selection process was not properly documented or transparent.
- It reveals corruption in how a prestigious national task was mishandled by government officials.
This document provides an overview of online stock trading in India, including:
- Online trading began in India in 1995 and has grown significantly, now accounting for 16% of stock market turnover.
- To trade online, investors must open a demat account and trading account and use online trading software.
- The major stock exchanges that support online trading are the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
- Online trading has increased due to greater internet access and availability of market information online.
The document discusses various sections and cases related to the Information Technology Act of India. Section 70 allows the government to declare any computer system as "protected" and authorize access. Section 71 deals with penalties for misrepresentation to authorities for licenses or certificates. Several cases are described related to hacking, credit card fraud, data theft, tampering with source code, and the "ILOVEYOU" computer virus from 2000. The amendments to the IT Act in 2006 are also summarized, changing terms to be technology neutral and exempting certain legal documents.
This document summarizes an assignment on cyber law submitted to a professor. It discusses the objectives and structure of the Information Technology Act 2000 and the need for the Information Technology Amendment Act 2008. It then provides case studies related to selected sections of the IT Act, including Section 43 on penalties for computer damage, Section 65 on tampering with computer source documents, Section 66 on computer-related offenses, and Section 66A on sending offensive messages.
This document provides a summary of some of the important judgments delivered by the Supreme Court of India in 2019. It discusses judgments related to telecom regulatory fees, the scope of the Right to Information Act, criminal sentencing practices, caste-based atrocities laws, and housing projects. The document also mentions that the Chief Justice of India was cleared of sexual harassment charges in May 2019. It aims to capture the key legal developments and events of the year through analyses by legal experts.
This document is a complaint letter regarding several companies that obtained approval to raise short-term deposits from investors but have not repaid either the principal or interest owed since 2014. The letter details how the complainant has lodged complaints with various government agencies, including the Registrar of Companies, SEBI, the Economic Offences Wing of the Delhi Police, and the Ministry of Corporate Affairs, but no action has been taken. The letter provides details of the complaint filing process with these agencies and argues that the grievance redressal system is failing investors. It questions why the agencies have not taken action against the companies or their promoters and seeks answers to several questions regarding the total amounts owed and steps to be taken.
The document discusses several shocking revelations about the process of selecting the 5 shortlisted symbols for the Indian rupee symbol:
- Over 3300 designs were submitted but jurors only spent around 18 seconds reviewing each design.
- One of the shortlisted symbols was submitted by a person involved in the selection process.
- The selection process was not properly documented or transparent.
- It reveals corruption in how a prestigious national task was mishandled by government officials.
This document provides an overview of online stock trading in India, including:
- Online trading began in India in 1995 and has grown significantly, now accounting for 16% of stock market turnover.
- To trade online, investors must open a demat account and trading account and use online trading software.
- The major stock exchanges that support online trading are the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
- Online trading has increased due to greater internet access and availability of market information online.
The document discusses various sections and cases related to the Information Technology Act of India. Section 70 allows the government to declare any computer system as "protected" and authorize access. Section 71 deals with penalties for misrepresentation to authorities for licenses or certificates. Several cases are described related to hacking, credit card fraud, data theft, tampering with source code, and the "ILOVEYOU" computer virus from 2000. The amendments to the IT Act in 2006 are also summarized, changing terms to be technology neutral and exempting certain legal documents.
This document summarizes an assignment on cyber law submitted to a professor. It discusses the objectives and structure of the Information Technology Act 2000 and the need for the Information Technology Amendment Act 2008. It then provides case studies related to selected sections of the IT Act, including Section 43 on penalties for computer damage, Section 65 on tampering with computer source documents, Section 66 on computer-related offenses, and Section 66A on sending offensive messages.
This document appears to be a registration form for the National Pension System (NPS) in India. It requests information such as personal details, identity proof, address proof, bank details, nomination details, and pension fund and investment options. The form is divided into sections for name, demographic info, documents, addresses, contact info, occupation, bank info, nominations, pension fund selection and investment strategy. It provides instructions for filling out each section and requires signatures to confirm the information provided.
INDIA’S RAINBOW MOMENT
In a history-making judgment, the Supreme Court strikes down a regressive colonial law and makes it clear that constitutional morality will prevail over majoritarian views
A Question of Bail
A five-judge Constitution bench takes a fresh look at pre-conviction bail. By insisting on avoidance of reflexive reasons for denying bail, the apex court has acted progressively, says Prof Upendra Baxi
This document presents a study on consumer awareness and perception of e-banking services provided by Bank of Maharashtra. The study utilized both primary and secondary research methods including a questionnaire survey of 35 customers. Key findings were that customers found e-banking services to be more convenient and secure than branch banking. However, some customers still felt unsure about security of e-banking transactions. The document concludes by providing suggestions to improve customer awareness and trust in e-banking services.
A comparative study of e banking in public &Alka Shukla
This document presents a comparative study of e-banking services provided by public sector State Bank of India and private sector HDFC Bank. It provides an overview of the banking sector and structure in India. It then describes the development of e-banking since the 1980s and various services offered like bill payments, shopping, and ticket booking. The document analyzes e-banking products, channels and services provided by SBI and HDFC Bank based on a survey of their customers. It finds that customers choose these banks for e-banking due to convenience, security, and excellent customer service.
The government of india enacted its information technology act 2000 with the ...Rajesh Sakhare
The document discusses the Information Technology Act of 2000 and its amendment in 2008 in India. It provides context for why the amendment was needed, as the original act was criticized for being too lenient or draconian depending on perspective. The key points covered include:
- The objectives and scope of the original 2000 act regarding electronic transactions and documents.
- Why the 2008 amendment was pursued, to address perceived issues and compare to other countries' laws.
- Notable features strengthened in the amended act like data privacy, information security, and defining new cyber crimes.
- An overview of the act's structure and applicability.
- Examples of cyber crime cases investigated under different sections of the act.
Rcom (Reliance Telecom) media statement leaksantravi8
RCOM issued a statement to clarify issues arising from distorted media reporting. It summarized that RCOM did not violate any license conditions regarding cross-holdings in Swan Telecom, as it only held 9.9% equity initially and had sold its stake before Swan received its license in 2008. RCOM also did not financially benefit from Swan's license. It was cooperating fully with investigations by CBI and other authorities into various telecom matters from 2001 to 2008. The statement accused old telecom operators of fraudulent activities that caused significant losses to the government.
EquiCorp-Decoding Supreme Court Judgement on Aadhaar & Its Impact on Your Bus...EquiCorp Associates
On September 26, 2018, a 5 judge bench of Supreme Court upheld the validity of Aadhaar, however impose certain restriction and struck down Section 57 of the Aadhaar Act which allowed private entities to use the 12 digit number to validate the identities of customers.
1. The Supreme Court ruling discontinuing the mandatory use of Aadhaar may force the corporates to going back to old ways for customer verification and may impact on the financial viability of the business models especially for startups in financial & technology services.
The article discusses the acquittal of former telecom minister A Raja and others in the 2G spectrum case by a special CBI court. It notes that the judge, OP Saini, found no evidence to support the CBI's charges of criminal wrongdoing. The author recalls an interview with Raja in 2015 where he confidently claimed he would be vindicated. Raja argued it was a policy decision, not corruption, and that the loss figure cited was imaginary. He maintained his innocence throughout the trial. The judgment raises questions about the role of agencies like CAG and media trial in the case.
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss.For real time update Visit our social media handle.Read First India NewsPaper in your morning replace.Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
The document discusses the 2G spectrum scam that occurred in India in 2008. It describes how the then telecom minister, A. Raja, issued 2G licenses to private telecom companies at throwaway prices, ignoring recommendations to auction licenses. This caused an estimated loss of 1.76 lakh crore rupees to the government. Key people involved included Raja, Kanimozhi, Shahid Balwa, and executives from companies like Swan Telecom and Unitech. The scam had negative effects on investor sentiment in telecom stocks. The government took remedial measures including setting up a CBI investigation and Raja resigning and being arrested.
The Great Indian Middle Class (GIMC) is both an asset and liability to India. While it drives economic growth, the GIMC also undermines the rule of law and accountability. It excuses corruption, protects political and bureaucratic wrongdoers, and fails to reform a colonial education system lacking human values. As the nation's largest demographic, the GIMC's expectations are high but its participation in governance and enforcement of accountability is lacking. Unless the GIMC embraces accountability and the greatest good for all people, it will remain a gargantuan liability blocking India's potential.
The document discusses the role of the Comptroller and Auditor General (CAG) of India and former CAG Vinod Rai. It provides background on the CAG, describing its responsibilities to audit government spending and report to Parliament. It then discusses Vinod Rai's tenure as CAG from 2008 to 2013, during which he exposed several major corruption scams through CAG reports, including the 2G spectrum scam, coal allocation scam, and Commonwealth Games scam. The document emphasizes Rai's role in strengthening the CAG's powers and pushing for reforms to bring more government activities and private-public partnerships under its audit purview.
Making a mess of Indians’ black money abroad - T. N. PandeyD Murali ☆
Making a mess of Indians’ black money abroad - T. N. Pandey - Article published in Business Advisor, dated November 10, 2014 http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
The document discusses the topic of frauds and scams, as presented by a group of students. It begins with definitions of fraud and characteristics of fraudsters. It then outlines recent internet scam trends, findings from an Indian fraud survey, and fraud prevention measures suggested by the Reserve Bank of India. The effects of fraud on the economy are also examined. A major section discusses the multi-billion dollar 2G spectrum scam in India, including involved parties from government, corporations, and media. The chronology of events and investigations are summarized. Suggestions for preventing future scams are provided at the end.
Controversial Legacy
President Pranab Mukherjee’s pronouncement on Hindi
ignores India’s plurality and sends the wrong farewell
message, says Shiv Vishwanathan
The document discusses the 2G spectrum scam that occurred in India in 2008. Key points:
- 2G spectrum refers to the electromagnetic spectrum allocated to mobile phone companies for providing 2G services. It was allocated by the government at low prices in 2008.
- The Comptroller and Auditor General of India estimated that the scam caused a loss of 1.76 lakh crore (US$40 billion) to the exchequer due to spectrum being allocated at 2001 prices rather than market prices.
- Many politicians and corporate executives were accused of taking bribes in exchange for spectrum allocations. The former Telecom Minister A. Raja was a key figure accused in the scam and had to resign
Corruption is a major problem in India that affects many aspects of life. Some key points about corruption in India include:
- India ranked 94th out of 176 countries in Transparency International's 2012 Corruption Perceptions Index, tying with countries like Colombia and Greece.
- Common ways to try to reduce corruption are increasing education to enhance understanding of rights, improving government processes, increasing e-governance for more direct contact between government and citizens, and ensuring more effective anti-corruption laws and accountability in key professions.
- Major corruption scandals in India include the Indian coal allocation scam of 2012 valued at 1.86 trillion rupees, the 2G spectrum scam of 2008 valued at 1
This document appears to be a registration form for the National Pension System (NPS) in India. It requests information such as personal details, identity proof, address proof, bank details, nomination details, and pension fund and investment options. The form is divided into sections for name, demographic info, documents, addresses, contact info, occupation, bank info, nominations, pension fund selection and investment strategy. It provides instructions for filling out each section and requires signatures to confirm the information provided.
INDIA’S RAINBOW MOMENT
In a history-making judgment, the Supreme Court strikes down a regressive colonial law and makes it clear that constitutional morality will prevail over majoritarian views
A Question of Bail
A five-judge Constitution bench takes a fresh look at pre-conviction bail. By insisting on avoidance of reflexive reasons for denying bail, the apex court has acted progressively, says Prof Upendra Baxi
This document presents a study on consumer awareness and perception of e-banking services provided by Bank of Maharashtra. The study utilized both primary and secondary research methods including a questionnaire survey of 35 customers. Key findings were that customers found e-banking services to be more convenient and secure than branch banking. However, some customers still felt unsure about security of e-banking transactions. The document concludes by providing suggestions to improve customer awareness and trust in e-banking services.
A comparative study of e banking in public &Alka Shukla
This document presents a comparative study of e-banking services provided by public sector State Bank of India and private sector HDFC Bank. It provides an overview of the banking sector and structure in India. It then describes the development of e-banking since the 1980s and various services offered like bill payments, shopping, and ticket booking. The document analyzes e-banking products, channels and services provided by SBI and HDFC Bank based on a survey of their customers. It finds that customers choose these banks for e-banking due to convenience, security, and excellent customer service.
The government of india enacted its information technology act 2000 with the ...Rajesh Sakhare
The document discusses the Information Technology Act of 2000 and its amendment in 2008 in India. It provides context for why the amendment was needed, as the original act was criticized for being too lenient or draconian depending on perspective. The key points covered include:
- The objectives and scope of the original 2000 act regarding electronic transactions and documents.
- Why the 2008 amendment was pursued, to address perceived issues and compare to other countries' laws.
- Notable features strengthened in the amended act like data privacy, information security, and defining new cyber crimes.
- An overview of the act's structure and applicability.
- Examples of cyber crime cases investigated under different sections of the act.
Rcom (Reliance Telecom) media statement leaksantravi8
RCOM issued a statement to clarify issues arising from distorted media reporting. It summarized that RCOM did not violate any license conditions regarding cross-holdings in Swan Telecom, as it only held 9.9% equity initially and had sold its stake before Swan received its license in 2008. RCOM also did not financially benefit from Swan's license. It was cooperating fully with investigations by CBI and other authorities into various telecom matters from 2001 to 2008. The statement accused old telecom operators of fraudulent activities that caused significant losses to the government.
EquiCorp-Decoding Supreme Court Judgement on Aadhaar & Its Impact on Your Bus...EquiCorp Associates
On September 26, 2018, a 5 judge bench of Supreme Court upheld the validity of Aadhaar, however impose certain restriction and struck down Section 57 of the Aadhaar Act which allowed private entities to use the 12 digit number to validate the identities of customers.
1. The Supreme Court ruling discontinuing the mandatory use of Aadhaar may force the corporates to going back to old ways for customer verification and may impact on the financial viability of the business models especially for startups in financial & technology services.
The article discusses the acquittal of former telecom minister A Raja and others in the 2G spectrum case by a special CBI court. It notes that the judge, OP Saini, found no evidence to support the CBI's charges of criminal wrongdoing. The author recalls an interview with Raja in 2015 where he confidently claimed he would be vindicated. Raja argued it was a policy decision, not corruption, and that the loss figure cited was imaginary. He maintained his innocence throughout the trial. The judgment raises questions about the role of agencies like CAG and media trial in the case.
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss.For real time update Visit our social media handle.Read First India NewsPaper in your morning replace.Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
The document discusses the 2G spectrum scam that occurred in India in 2008. It describes how the then telecom minister, A. Raja, issued 2G licenses to private telecom companies at throwaway prices, ignoring recommendations to auction licenses. This caused an estimated loss of 1.76 lakh crore rupees to the government. Key people involved included Raja, Kanimozhi, Shahid Balwa, and executives from companies like Swan Telecom and Unitech. The scam had negative effects on investor sentiment in telecom stocks. The government took remedial measures including setting up a CBI investigation and Raja resigning and being arrested.
The Great Indian Middle Class (GIMC) is both an asset and liability to India. While it drives economic growth, the GIMC also undermines the rule of law and accountability. It excuses corruption, protects political and bureaucratic wrongdoers, and fails to reform a colonial education system lacking human values. As the nation's largest demographic, the GIMC's expectations are high but its participation in governance and enforcement of accountability is lacking. Unless the GIMC embraces accountability and the greatest good for all people, it will remain a gargantuan liability blocking India's potential.
The document discusses the role of the Comptroller and Auditor General (CAG) of India and former CAG Vinod Rai. It provides background on the CAG, describing its responsibilities to audit government spending and report to Parliament. It then discusses Vinod Rai's tenure as CAG from 2008 to 2013, during which he exposed several major corruption scams through CAG reports, including the 2G spectrum scam, coal allocation scam, and Commonwealth Games scam. The document emphasizes Rai's role in strengthening the CAG's powers and pushing for reforms to bring more government activities and private-public partnerships under its audit purview.
Making a mess of Indians’ black money abroad - T. N. PandeyD Murali ☆
Making a mess of Indians’ black money abroad - T. N. Pandey - Article published in Business Advisor, dated November 10, 2014 http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
The document discusses the topic of frauds and scams, as presented by a group of students. It begins with definitions of fraud and characteristics of fraudsters. It then outlines recent internet scam trends, findings from an Indian fraud survey, and fraud prevention measures suggested by the Reserve Bank of India. The effects of fraud on the economy are also examined. A major section discusses the multi-billion dollar 2G spectrum scam in India, including involved parties from government, corporations, and media. The chronology of events and investigations are summarized. Suggestions for preventing future scams are provided at the end.
Controversial Legacy
President Pranab Mukherjee’s pronouncement on Hindi
ignores India’s plurality and sends the wrong farewell
message, says Shiv Vishwanathan
The document discusses the 2G spectrum scam that occurred in India in 2008. Key points:
- 2G spectrum refers to the electromagnetic spectrum allocated to mobile phone companies for providing 2G services. It was allocated by the government at low prices in 2008.
- The Comptroller and Auditor General of India estimated that the scam caused a loss of 1.76 lakh crore (US$40 billion) to the exchequer due to spectrum being allocated at 2001 prices rather than market prices.
- Many politicians and corporate executives were accused of taking bribes in exchange for spectrum allocations. The former Telecom Minister A. Raja was a key figure accused in the scam and had to resign
Corruption is a major problem in India that affects many aspects of life. Some key points about corruption in India include:
- India ranked 94th out of 176 countries in Transparency International's 2012 Corruption Perceptions Index, tying with countries like Colombia and Greece.
- Common ways to try to reduce corruption are increasing education to enhance understanding of rights, improving government processes, increasing e-governance for more direct contact between government and citizens, and ensuring more effective anti-corruption laws and accountability in key professions.
- Major corruption scandals in India include the Indian coal allocation scam of 2012 valued at 1.86 trillion rupees, the 2G spectrum scam of 2008 valued at 1
It is 15 years since the Right to Information Act was introduced as another piece of legislation, only to cheat the masses once again. Touted as a sunshine act, as a panacea for corruption and introduce accountability of the public servants to the public, it has grown into one of the biggest, yet unrecognized, scams over the last 15 years.
The 2G spectrum scam involved Indian politicians and officials undercharging mobile companies for licenses to use radio frequencies in 2008. This resulted in an estimated loss of $30 billion to the Indian government. Key politicians like A. Raja and Kanimozhi were accused of receiving bribes for favoring certain companies. In 2012, the Supreme Court canceled 122 licenses awarded in 2008. Several companies and individuals were found guilty and faced fines or imprisonment. The scandal highlighted issues with ties between business, politics, and bureaucracy in Indian democracy.
The Right to Information Act (RTI) was enacted in 2005 to provide citizens access to information held by public authorities and promote transparency. It defines public authorities broadly and mandates that requests be answered within 30 days. Citizens can request information in the form of documents, reports, contracts, and more. The RTI has been very effective in uncovering corruption, though some information like national security and cabinet papers is exempt. It has faced challenges due to attacks on activists exposing wrongdoing. While very impactful, its potential remains underutilized, especially by the media.
Prudence dictates it is better to let sleeping dogs lie. But wisdom demands that the unpalatable and unpleasant, at least those in public domain, be discussed publicly and thrashed out in public interest.
The document discusses economic crimes in India. It defines economic crimes as illegal acts committed by individuals or organizations for financial gain. Examples include fraud, tax evasion, money laundering, and corruption. Data from the National Crime Records Bureau shows that reported economic offenses in India have risen each year from 2016 to 2018. Common economic crimes reported in large cities include forgery, cheating, and fraud. Two case studies of major financial scams in India are provided - the $1.77 billion PNB bank fraud by Nirav Modi, and the illegal collection of over $2 billion by the Sahara India group in unregulated debentures. Laws dealing with different types of economic offenses in India are also outlined.
Great Expectations
As Ranjan Gogoi takes over shortly as the new chief justice of India, his stand on the role of the judiciary offers some idea of what shape the Supreme Court will take under him
Also: Legacy of former chief justices.
Letter to election commissioners concerning conduct of 2019 general electionssabrangsabrang
1. A group of former civil servants wrote a letter to the Election Commission of India raising concerns about several irregularities in the conduct of the 2019 General Elections in India.
2. They noted issues like the delayed announcement of election dates, a lengthy election schedule that favored the ruling party, failure to address violations of the model code of conduct, and lack of transparency and accountability from the ECI.
3. The letter argued that taken together, these issues cast serious doubt on whether the 2019 elections were truly free and fair, and urged the ECI to provide public clarifications on the reported irregularities.
Similar to Thoughts on CBI Judge Saini's Order in 2G Spectrum case (20)
Transformation of farmers agitation 2021 in IndiaShantanu Basu
This movement began as a protest against controversial farm acts by farmers, but has expanded into a broader challenge and alliance against the government by 90% of India's population. It represents common people challenging the privileged elite and seeking to replace the existing political system that perpetuates inequalities. The movement signals dissatisfaction with a system skewed in favor of upper castes and brings together various disadvantaged groups including farmers, laborers, and the unemployed from across different states. It seeks equitable policies for both buyers and sellers in the agricultural sector and other reforms benefiting farmers and rural communities.
- War clouds are gathering as Russia threatens to invade Ukraine and China flexes its muscles on the Indian border. Both countries have rebuilt their economies and militaries while Western powers have aging equipment.
- China and Russia want to show strength domestically and see Western treaties as having truncated their nations. They have penetrated infrastructure overseas and tested new weapons.
- The global power balance has shifted eastward as Western nations ceded manufacturing and technology to Asia. A future world war would likely be in Asia between East and West. India would struggle to fight on multiple fronts against China and Pakistan.
Red challenges to Biden's blue presidencyShantanu Basu
Biden faces formidable challenges as President from Republican opposition in the Senate and from Trump supporters across America. His agenda will likely be stalled as the Senate is evenly split, requiring Vice President Kamala Harris's vote. The US economy also presents challenges as it relies on high debt and deficits. Biden will face stiff opposition to providing further COVID relief, returning to Obama-era policies, and replacing Trump administration officials. Relations with China may continue as both countries rely on trade, but Biden will face pressure over issues like India from Republicans portraying him as soft. As the first Democratic president in decades, Biden will have to navigate tensions over race, business interests, and personal freedoms to achieve his reform agenda.
- War clouds are gathering as Russia threatens to invade Ukraine and China flexes its muscles on the India-China border. Both countries have rebuilt their economies and militaries while Western powers have aging equipment.
- China and Russia want to show strength domestically and see Western treaties as having truncated their nations. They have penetrated Western systems through cyber and economic means.
- The global power balance has shifted eastward as Western nations ceded manufacturing and technology to Asia. A future world war would likely be in Asia between East and West. India would struggle to fight on multiple fronts against China and Pakistan.
Red challenges to biden's blue presidencyShantanu Basu
Biden faces significant challenges as President from Republican opposition in the Senate and from conservative Americans who supported Trump. His agenda faces obstacles to passing legislation due to the even Senate split, and he may be forced to compromise on issues like abortion, immigration, and healthcare to appease conservatives. Biden also inherits an economy weakened by the pandemic and trade wars, high debt levels, and social divisions exacerbated by Trump. His ability to enact his agenda and make progress on issues like racial justice and climate change will depend on his ability to navigate these political and economic challenges from his opponents on the right.
The document summarizes India's fiscal deficit and gross liabilities for the years 2019-20 and 2020-21. It states that India's GDP in 2019-20 was approximately Rs. 250 lakh crore, with a fiscal deficit of Rs. 8.75 lakh crore or 3.5% of GDP. However, additional liabilities not provided for in the budget estimate totaled Rs. 38.75 lakh crore, bringing the real fiscal deficit to 15.5% of GDP. For 2020-21, GDP declined by 23.9% to approximately Rs. 190 lakh crore, while additional liabilities above the budget estimate of Rs. 35 lakh crore total Rs. 70 lakh
1. The document discusses the political and economic fallout of the COVID-19 pandemic, originating from China. It argues that while the Chinese government is culpable for initially suppressing information about the outbreak, blaming the Chinese people is unfair.
2. It describes how China's economic reforms and opening up led to massive growth and wealth creation, but also political ambitions and social tensions. The pandemic may cause countries to bring manufacturing back and reconsider their dependence on China.
3. India is positioned to benefit if it replicates China's economic model to attract investment and jobs, but it faces major challenges around infrastructure, bureaucracy, and corruption. Overall, the pandemic could spur manufacturing growth in multiple countries and regions.
1. The author argues that nationalism in India is often propagated by politicians to distract from domestic issues and consolidate power, rather than unite people. True nationalism respects India's diversity and ensures prosperity for all.
2. Many contributors to India's freedom struggle and cultural heritage are unknown or forgotten. Figures from all religions, genders, and social groups made sacrifices but a narrow version of nationalism promotes only certain identities.
3. India still faces significant issues of poverty, hunger, and inequality despite recent economic growth. True nationalism requires upholding democracy and rule of law to protect all citizens' rights and development.
India's Public Finances are in ShamblesShantanu Basu
The finances of the Government of India (GOI) are in dire straits. As of January 2020, the fiscal deficit was estimated at Rs. 9.85 lakh crore, which is about a third of total budgeted expenditures. With disastrous tax revenue in the first three quarters of the fiscal year and the impact of COVID-19, the actual deficit could exceed 45-50% of expenditures. Adding additional off-budget borrowing, the deficit could jump to 45% of revenues. To fill this large shortfall, GOI will need to take on substantial new borrowing, further increasing debt levels and interest payments in the coming years. The financial condition of GOI is weak, limiting its ability to provide further fiscal support
The document discusses India's debate around issuing sovereign bonds. It notes that India's high levels of domestic debt could amount to 45-50% of the government's budget annually. Issuing sovereign bonds in US dollars also presents risks like currency fluctuations, inflation risks, and lower credit ratings increasing interest rates. While sovereign bonds could raise large funds, there are doubts around India's ability to repay its obligations without impacting domestic debt payments or leading to a debt crisis. Alternative domestic funding options that avoid sovereign bond risks need more exploration.
The author argues that a lockdown in India would be misplaced and ineffective at stopping the spread of Covid-19 due to several factors unique to India. First, high population densities in urban and rural areas would make social distancing and quarantine impossible. Second, many migrant workers have returned from overseas and are traveling within India, negating the impact of a lockdown. Third, daily necessities are purchased from dense markets and small shops, and shutting these down would cause food shortages and panic. The author provides several alternative suggestions to address the virus, such as increased testing, protective equipment for frontline workers, and enlisting private industry to help produce medical supplies.
This document summarizes the debate around India issuing sovereign bonds for the first time. It notes that India already has high levels of domestic debt totaling Rs. 350-400 lakh crore. Issuing dollar-denominated sovereign bonds would expose India to currency and inflation risks given its lower-medium credit rating. While sovereign bonds could raise large funds, India may struggle to find projects that generate enough return to pay the estimated 6-7% coupon rate required due to these risks. The document argues for reforms like reducing government ministries, increasing foreign portfolio investment limits, and privatizing some state projects before relying too heavily on sovereign bonds.
Revocation of Art. 370 - The Ultimate Victory?Shantanu Basu
The document discusses corruption among politicians in Kashmir and the siphoning of public funds. It argues that revoking Article 370 is not an end in itself and that more needs to be done to address corruption. Statistics are provided showing large expenditures and grants to Kashmir compared to low revenues and poor development outcomes. The author urges the government to take exemplary action against corrupt politicians, scrutinize financial records, improve governance and economic opportunities in Kashmir, and handle the situation with care and fairness to avoid further conflict.
Dance of democracy or descent into mockocracyShantanu Basu
Briefly discusses the role of small parties that do not participate in elections in India but are errand boys of the larger ones in criminality like cash and drugs distribution during elections in India.
1. The author argues that excessive nationalism propagated by politicians is often used to mask internal flaws and promote superiority over others. However, true nationalism accepts diversity and is inclusive.
2. The author notes that India's rich cultural heritage and history of national heroes is often unknown or forgotten. Many contributions to India's freedom struggle came from a diverse range of individuals across religions and social groups.
3. While India has become one of the largest economies, there remains significant hunger and poverty that true nationalism should aim to address. Crony capitalism has benefited the privileged more than addressing issues facing the masses. The rule of law and democracy are also threatened when different rules apply to different groups.
Briefly registers my protest against the proposed implementation of NYAYA by the Indian National Congress. It opposes the very idea of unsustainable cash handouts to the indigent.
Ten takeaways from india state assembly elections 2018Shantanu Basu
1. The document provides 10 takeaways from the 2018 Indian state assembly elections. Key issues included voters rejecting both the BJP's majoritarian religious politics and the INC's weak religious appeals. Development was prioritized over allegations of corruption.
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3. Caste and religious loyalties mattered less while educated leaders were preferred. Social media was a double-edged sword that allowed debates to influence remote voters. A silent voter revolution occurred as voters rejected empty promises and arrogance.
Telecom Revolution, Governnace and Elections in IndiaShantanu Basu
Briefly discusses the telecom and media revolutions in India. The article concludes that a large part of voting in India's next General Election in 2019 would be decided from homes and that such choices would make voters much more conscious of seeking accountability of their elected representatives.
The Biggest Threat to Western Civilization _ Andy Blumenthal _ The Blogs.pdfAndy (Avraham) Blumenthal
Article in The Times of Israel by Andy Blumenthal: China and Russia are commonly considered the biggest military threats to Western civilization, but I believe that is incorrect. The biggest strategic threat is a terrorist Jihadi Caliphate.
El Puerto de Algeciras continúa un año más como el más eficiente del continente europeo y vuelve a situarse en el “top ten” mundial, según el informe The Container Port Performance Index 2023 (CPPI), elaborado por el Banco Mundial y la consultora S&P Global.
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Essential Tools for Modern PR Business .pptxPragencyuk
Discover the essential tools and strategies for modern PR business success. Learn how to craft compelling news releases, leverage press release sites and news wires, stay updated with PR news, and integrate effective PR practices to enhance your brand's visibility and credibility. Elevate your PR efforts with our comprehensive guide.
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Pema Khandu, born on August 21, 1979, is an Indian politician and the Chief Minister of Arunachal Pradesh. He is the son of former Chief Minister of Arunachal Pradesh, Dorjee Khandu. Pema Khandu assumed office as the Chief Minister in July 2016, making him one of the youngest Chief Ministers in India at that time.
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This downloadable guide explains why press releases are still important for businesses today and the challenges you might face with traditional distribution methods. Learn how [Your Website Name] offers a comprehensive solution for crafting compelling press releases, targeting the right media outlets, and maximizing visibility.
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Thoughts on CBI Judge Saini's Order in 2G Spectrum case
1. Vinod Rai’s Report & Judge OP Saini’s Order - Some Thoughts
A few things about Vinod Rai’s 2G report and CBI Judge OP Saini’s order of Dec 21, 2017:
1. Rai’s report nowhere used the Rs. 1.76 lakh crore figure of loss. This was derived by
politicians and the media by adding the highest figure in Rai’s ranges of notional losses owing to
low tariffs, free spectrum and gain in equity of bidders at the post-license stage.
2. The loss of tariff was computed as afterthought and after the 3G auction took place. No
distinction was made between 2G and 3G although the latter then, was a piggyback service. Yet
the 3G auction collection of Rs. 70000 crore was multiplied by a factor of 1.50 on some vague
‘international’ norms and motivated surmise. In effect, Rai was standing in the present but
judging the past. Why would anyone do this?
3. From this figure Rai reverse calculated the price of 1.8 Mhz spectrum that was offered by DoT
as a free bundled offer to attract players in a zero supplier market that was the constitutional
prerogative of the State. This added another about Rs. 35000 crore to the Rs. 1.05 lakh crore
notional tariff loss
4. Again by comparing stock prices of successful bidders before and after they were awarded
licenses, Rai worked out another notional figure of about Rs. 36000 crore. Was such trading
legal? Yes, it was. Then whose case was Rai arguing in his report? The hand points toward
existing service providers that would have been the biggest losers with new competition, some of
them from cash-rich countries with established track records like Telenor and Etisalat.
5. Another related issue. 3G auctions bankrupted MTNL and BSNL without any improvement in
the quality and reach of their services. In turn, this laid open the cellular market to mercies of
private service providers. That is why Jio found the going so easy in recent times while TRAI
has simply remained a passive bystander.
6. Rai’s tenure in Dept. of Financial Services from Jt. Secy. to Secy. for 4-5 years coincided
(2003/4-2008 when he became CAG) with the expansion of cellular infrastructure in India. This
prompted the sanction of loans by PSBs flush with funds to providers. Then the 3G auction ate
away whatever these providers had earned in boom time, just as it bankrupted MTNL & BSNL.
More loans were doled out and today the telecom sector accounts for Rs. 5-6 lakh crore of NPAs.
Ironically, the GOI has recently doubled the time for payment of license fees due from providers
for 2G/3G spectrum from 8 to 16 years that has hit the public exchequer the most. Interesting
isn’t it that Rai’s report should have shielded existing cellular operators from license to loans?
7. The audit of DoT by Rai’s officers took less than six months. Should it have taken more? Yes,
since locating the files would have consumed huge time. Instead the auditors were reportedly
given file numbers and pages to scrutinize. Few Indian Audit & Accounts Service officers knew
what was going on even at the apex level. It is but travesty that one of these officers is making
baseless allegations of ‘conflict of interest’ in newspaper articles and the e-media today even
though he was one of those near to the epicenter of the 2G report. It was as if Rai was providing
a reverse audit cover to a private report that already existed and he alone was privy to it. Sounds
fantastic doesn’t it? But Rai’s report itself was fantastic wasn’t it?
2. 8. The centerpiece of Rai’s report was that malfeasance had occurred because bidders who
submitted their demand drafts as earnest money deposit had got them made the day before the
tender was opened. The SC also bought Rai’s reporting on this issue in its order of 2012. Was
this sufficient to nail the accused? Evidently not!
9. Was auction of public resources the best or only option? No. The SC too in J. Khehar’s
judgement did not say so either. Of course, this required transparency to be maintained that was
certainly not done. And it is here that hanky-panky probably took place, something that never
will be proved by documentary evidence.
10. Journalists, indeed many others, are ‘outraged’ by the Judge Saini’s order. They believe that
malfeasance happened and must be punished. A leading light even says that Rai’s report is
‘remarkably’ well-documented. But then so was the CBI’s charge sheet at 80000 pages with
evidence of another 3-4 lakh pages! And, like Rai’s report the charge sheet was junked by the
learned judge. I wonder how many journos have personally read Rai’s coal and 2G spectrum
reports before making their wisecracks.
11. Coming to the CBI and ED, let us not forget that both operate with huge quantitative and
qualitative personnel shortages. White collar crime needs services of highly trained and paid
forensic professionals, not babus. When often outrageous surmise replaces hard evidence, that is
when the babu investigator falters or cannot understand the way to go. He ends up with an
80000-page charge sheet and thousands of sacks of meaningless evidence, much of which the
babu would never have seen himself. I say this from personal experience of over three decades.
So long as there is a govt.-appointed favorite policeman/men in these organizations, nothing will
change. Investigation and police is not the same cup of tea, they are as different as chalk from
cheese. And that is what Judge Saini was indirectly driving at in his order, several times over.
13. Finally, was there corruption in 2G, etc.? Rai’s motivated reports on coal, 2G and many more
in two years preceding 2012 (when it was apparent that UPA was coming back to power) had
open elements of manipulation in each of them. It saddens me to see that a 200-year old
institution like the CAG should have been hijacked by one person to suit his own nefarious ends.
And no one talks of him? Why?
14. If there was corruption, why is it that CBI officers did not turn up in court with evidence?
Were they told to do so? If so, by whom? Why did the lack of evidence continue to plague this
case since May 2014 when there was a change of guard on Raisina Hill? The then CAG and his
officers, the investigative agencies and their top officers must answer for their failure and
negative motives. Have the assets of the officers named above been ascertained? A Vasant Vihar
floor with full terrace rights on a 1500 sq. yd. plot should not be cheaper than Rs. 30-35 crore.
15. Was the CBI’s prosecution deliberately weakened by GOI itself? This evening NDTV’s
Sunethra Choudhury reported on the 9 pm news that an SP level IPS officer, Vivek Priyadarshi,
who was the Investigating Officer in the 2G case was also assigned the Vyapam case in MP. For
the last year or two this officer has been almost whole time working out of Bhopal. His superior,
a DIG, Rastogi, also an IPS officer was apparently harassed and charged with leakage of
information on the 2G case. So much so, this officer sought premature repatriation to his parent
Maharashtra cadre. That left the prosecution headless that Judge Saini has repeatedly emphasized
3. in his order. The only conclusion that can be drawn is that the prosecution was deliberately
sabotaged from within.
16. Who are the biggest gainers and losers? Losers first, the BJP alone tops the list questioning
the basis of its anti-corruption plank that it rode to power in 2014. The second loser is Vinod Rai
for reasons I have mentioned above and his institution’s top officers that connived with him and
brought the 233-year old venerated institution into irreversible disrepute. Another loser is
Subramaniam Swamy, MP, whose latest letter to PM Modi warns the latter of the fallout of
Judge Saini’s order on the 2019 elections, never mind Arun Jaitley’s logic-less interventions in
the media. The clear winner is the Congress, in particular ex-PM Manmohan Singh, and, by
logical extension, Mrs. Sonia Gandhi. Although Judge Saini’s order does not exonerate the
accused, law presumes the accused to be innocent unless proven guilty. And Judge Saini found
no evidence beyond reasonable evidence to declare any of the dozen accused guilty. Another
winner is the senior bureaucracy that have repeatedly demanded protection for policy makers in
their midst and have their ex-Coal Secy. sentenced to prison term. The last major winner is Rahul
Gandhi who can now start on a fresh slate without taint of corruption of his party. And that is a
big worry for the BJP.
17. What could be the fallout of this order? For one, if elections in four states in 2018, viz.
Chhattisgarh, Rajasthan, MP and Jharkhand go badly for the BJP, as it did in Gujarat, BJP would
need to depend on the AIADMK for its support in the Lok Sabha. DMK will come into play only
if the TN Assembly is dissolved prematurely and the DMK is able to win that election to support
the BJP in govt. formation in 2019. Second, virtually absolved of criminality at least till 2019 (by
which time no appeal to the HC & SC will be decided), the Congress would probably regain its
credibility and once again emerge as the ultimate coalition maker and preserver. In any case,
voting patterns in states and central elections vary widely that the Congress may benefit from.
The coming months will be interesting to watch.
18. Before closing I must make a few more important points. The Union Cabinet must accept
ultimate responsibility for decisions on national resources. Why should they fire the gun from the
bureaucracy’s shoulders forever? Second, GOI needs to realize that the civil service is a most
discontented lot presently for a variety of reasons. To expect them to be party to clearly
commercial decisions is most unreasonable. Neither do they have the training nor the
consequential mindset. Third, brazen blackmail by CAG, CVC, CBI, etc. needs to be stopped in
their tracks instead of selectively using their reportage to propel political advantage as in 2014.
Firing Vinod Rai from all posts and approaching the SC to remove him forthwith from the COA
of BCCI on grounds of singular lack of integrity needs to be taken within this week itself to
contain further damage to the ruling regime and investigate his assets and all loans sanctioned by
PSBs to telcos during his tenure as JS-Secy. in Dept. of Financial Services. Last, investigative
agencies need to brought to book for irresponsible discharge of their duties. Rule 3 of the CCS
and AIS Conduct Rules provides for disciplinary action against all officers for lack of devotion
to duty. Why not invoke this clause to charge sheet ED and CBI personnel and Vinod Rai (who
eve as CAG continued to enjoy the protection of AIS Rules) next week?
In the aftermath of the Shah Commission of Enquiry no political party is willing to walk the
extra mile and bring offenders from rival parties to book, lest the same fate await the ruling
regime at the next hustings. That cannot be stretched to mean that patronage of protection shall
be arbitrarily extended to rivals as insurance in the future, at the expense of the taxpayer and
4. common citizens of this nation. Judge Saini, to his fullest credit, exposed many of the above
points, directly or indirectly, including willful sabotage of the prosecution. He is the knight in
shining armor, just like Ajit Bharihoke, Kamini Lau and few more that deserve out-of-turn
promotion to the SC. Although I have not been able to go through his 1550+ page order, the little
that I have seen is extremely well documented and reasoned. Appeal is not going to be easy
considering CBI & ED’s professional limitations.
The author is a senior public policy commentator and author