Arunachalam

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Location: Pune, Maharashtra, India

I am a Chartered Accountant from India who worked in Est Africa for more than 20 years and now settled in Pune, India

Monday, June 07, 2010

Demonetise the Indian Rupee

If Channel Islands and Swiss banks are tax evaders’ heaven, India is a fraudsters’ heaven. Just read between the lines with an investigative eye and you will find the great IPL scam slowly, but steadily, unfolding. Both electronic and print media are doing a wonderful job in unearthing various links and track the real culprits which should, otherwise, have been done by the government.

It all started with Sashi Taroor’s involvement in the IPL bid for Cochi team which cost him his job. Now it is the turn of another union minister who has been operating through various binami companies to buy a stake in the Pune franchise. Firms and companies hitherto unheard of have come forward bidding in billions to buy teams. Who are the real actors behind the stage and where is the money coming from?

When politicians look for top positions in sports bodies and businessmen look for political positions, it is a business proposition and you can smell money there. Union Agriculture Minister Sharad Pawar is more keen to run the sports body than managing a key portfolio he has been entrusted with. Food prices have skyrocketed and farmers in his own state have committed suicide. But who cares? It is not lucrative. The disease has spread to Indian cricketers as well, in that, they prefer to play for IPL than the national team. Their performance in the world T20 championship held in West Indies will vouch for that. Tennis and football tournaments have been in place for years running smoothly, but our IPL has developed cracks within a short time. Why this happens in India alone?

Money speaks for everything. Defense secrets are leaked out, corporate fraudsters are enjoying a five star life style in hospitals and molesting police officers get away with minor punishment. If you have financial muscle, you can buy anyone under our democratic set up. When global economies go down, investments pour into India because you can get the best returns by flouting the system. Billions of rupees are in circulation both in the black market and through counterfeit currency. Demonetizing the Indian Rupee will be an ideal solution to track down the real culprits.

Monday, March 01, 2010

THANK YOU, PAKISTAN!

Intentionally or not, Pakistan continues to do a lot of good things for India, the latest being the refusal to hand over the JUD chief Hafiz Mohamed Saeed and others, in all about 30 in number. In the recently concluded talks at the Foreign Secretary level between the two countries in New Delhi, Mr. Bashir, while dismissing the dossiers submitted by India as mere lectures, flatly refused India’s request to hand over the fugitives wanted in the 26/11 terror strike.

I look at it as a great diplomatic gain for India. Do you have any idea of what would have happened if all the 30 wanted men were deported to India? First, we will need more high security prisons for their accommodation. Needless to say, along with, we will also need highly trained crack commando units with sophisticated weapons to guard them. Thus we will divert our terror fighting resources for the protection of hardcore terrorists making it easy for other terror outfits to strike at our vital installations.

This is not the end of the story. Then all these ‘wanted’ men will be produced in the court of law. Next, it will be the turn of our ‘very efficient’ legal and judicial system to battle it out between themselves looking at all the evidences produced to see if they were really involved. The very courts that will try them will offer them legal assistance for their self defense if they cannot find their own lawyers (who may, in the process, be shot by a patriotic citizen). The case will drag on. In the end, after an unpredictable period of time, even if they are found guilty and convicted for the gallows, they will access the benevolent constitutional provision of ‘Presidential Clemency’ and can hang on without being hanged indefinitely with the help of the ‘Great Indian Presidents’.

We are still collecting evidence against Kasab to establish if he is guilty in spite of his mowing down innocent civilians in front of everyone. Do you have any idea about the crores of rupees we are spending to maintain Afzal Guru, Kasab and the likes? Add another 30 to the list and the Union budget deficit will shoot up. What has happened to Abu Salem? If the Union Government is worth it salt, it will ensure that the President rejects the mercy petition on all terror related cases with immediate effect and uphold the court verdicts.No doubt, we all need to thank Pakistan for at least saving tax-payer’s money. May I request the readers to start a campaign to persuade the President of India to reject pending mercy petitions submitted by convicted terrorists by forwarding this write up to all? At least, we can make an attempt to honor those who sacrificed their life for the nation.

Tuesday, October 31, 2006

Kooniveetu Madam

Family House