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ybrao-a-donkey DIARY of CURRENT AFFAIRS DATED 2nd Feb. 2022
ybrao-a-donkey : I am not a supporter or a denigrator of any particular political party or any particular political leader . if any reader feels that his sentiments are hurt , he-she can bring the hurting portions to my notice . I shall try to rewrite those portions or provide them convincing answers. Sometimes it is possible that views of readers and this writer may vary nearly irreconcilably like rails of a train-track. Then , differences may persist for some time to come . In such case, we shall respect our views mutually, till new facts emerge.
1
~~Mr. TV Somanathan , Finance Secretary is only partly right when he is reported to have said : ~~Mr. TV Somanathan , Finance Secretary is only partly right when he is reported to have said :
___People investing in private crypto should understand that it does not have the authorisation of govt. There is no guarantee whether your investment will be successful or not, one may suffer losses and govt is not responsible for this: Finance Secretary TV Somanathan___
Better late than never . It is good that he has tried to guide the investors ; but it seems to be too late . Already as on date nearly 20 million Indian investors seem to have entered into the muddy swamps of the BitCoins . Exposure of these 15/20 million investors seem to approximate to $10 billion. If Indian investors lose, it does not mean that only the investors lose personally . Nation also loses.
Government is like mother . Its citizens are like children . Mother has a duty to prevent children from taking grave risks . If needed mother has to apply force. Did not the Government make its police to beat its citizens by imposing lock downs and curphews ? What is the purpose of drug laws ? What is the purpose of anti-prostitution laws ? anti-gambling laws ? prohibition laws ?
Government seems to be more interested in collecting 30% tax, rather than banning the Bitcoin and Cryptocurrencies . Government does not appear to be uptodate .
Oh Government ! Act in time to prevent further sinking of Indians into this rotten well of Bitcoin and Cryptocurrencies . Our rulers and leaders habitually use one Swami Vivekananda slogan : Arise, awake and stop not till thy goal is achieved !
references : Read more at : https://economictimes.indiatimes.com/news/economy/finance/digital-currency-explained-india-catches-up-with-global-fad/articleshow/89274786.cms
2
~~RAHUL GANDHI SHOULD FORM A KITCHEN CABINET AND ANNOUNCE HIS FINANCE MINISTER ~~RAHUL GANDHI SHOULD FORM A KITCHEN CABINET AND ANNOUNCE HIS FINANCE MINISTERMr. Rahul Gandhi is reported to have said in Lok Sabha :
___Monopolies are forming in formal sector. One person has been given all the ports, airports, transmission, green energy, renewable energy has been given to Adani. On the other hand we see monopoly of Ambani. The government has killed the informal sector through GST and demonetisation. MSMEs were destroyed. Make in India cannot happen in this country because MSMEs and informal sector would have formed the backbone of Make in India but the government has killed both the sectors.___
ybrao-a-donkey: ok. Who scrapped Monopoly Prevention Laws in India, in the name of Economic Reforms ? Whatever BJP does, is a continuation of what Mr. Manmohan Singh , Mr. Pranab Mukherjee, Mr. P. Chidambaram have done in the name of economic reforms . Let Congress announce who will be its Finance Minister in waiting, if at all it comes into power again . Let Congress announce its kitchen Cabinet. Can Congress ensure that its kitchen Cabinet can get elected through a secret ballot ? Can Mr. Rahul Gandhi and Priyanka ensure that Mr. Mallikarjun Kharge gets a larger role continuously till 2024 and thereafter ? Can they announce in advance that Mr. Kharge will be Prime Ministerial face of Congress in 2024 Elections ?
3
~~INTERNAL DEMOCRACY IN INDIAN POLITICAL PARTIES ~~INTERNAL DEMOCRACY IN INDIAN POLITICAL PARTIES
Glad that Ms. Mamata Banerjee got herself reelected as TMC Chairperson. But we must always keep in mind that in Open Elections, nobody will raise their voices and oppose the Party's boss' name when proposed and seconded; it is an Indian custom . it is an Indian tradition not to oppose openly . Pits can be dug later, for the leader who was elected unopposed . Hence, Ms. Mamata Banerjee should insist on Secret ballot for her election .
4
~~HON. NARENDRA MODI SHOULD WORK ON LAND AND NOT IN THIN AIR ~~HON. NARENDRA MODI SHOULD WORK ON LAND AND NOT IN THIN AIRHon. Shri Narendra Modi is reported to have said :
___It is very important for us to make a self-reliant & modern India. This Budget has several important provisions to take India forward in the direction of modernity. India's economy is expanding continuously due to the decisions taken in the last 7 years___
Even prior to Bitcoin , Indian Economy was riding on a ferocious Tiger by name "Foreign Investments into India ". As if that is not sufficient , tempted to get 30% tax on crypto transactions, India does not seem to be keen on initiating action against Crypto Exchanges in India. Already nearly 15-20 million Indians seem to have entered into the Bitcoin trading. Nearly 10 billion dollars seem to be exposed to risks of BitCoins and Cryptocurrencies .
Indians should not become gamblers.
