029 YBRAO-A-DONKEY DIARY ON CURRENT AFFAIRS, DT 2ND FEB. 2022.

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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 MINISTER
Mr. 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 AIR
Hon. 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.

028 ybdiary of CURRENT AFFAIRS as on 1ST FEBRUARY 2022.

YB DIARY ON CURRENT AFFAIRS 1st February 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 . Views of readers and this writer may vary. Then , differences may continue for some time to come .

1

~~MR. AKHILESH YADAV, UTTAR PRADESH SAMAJVADI PARTY CHIEF ~~MR. AKHILESH YADAV, UTTAR PRADESH SAMAJVADI PARTY CHIEF
Mr. Akhilesh Yadav, is reported to have said in his Affidavit attachment to his Election Nomination:


source link, read more at: https://www.indiatoday.in/elections/uttar-pradesh-assembly-polls-2022/story/samajwadi-party-akhilesh-yadav-net-worth-assets-affidavit-1906967-2022-01-31 .

"This nomination is a mission as this UP election will write the country's history for the next century. Let's take part in this movement of positive politics with progressive thinking. Defeat negative politics, remove it. Jai Hind!" .

Mr. Akhilesh Yadav is promising "positive politics with progressive thinking ". It will be better to define all the four terms: 1. positive 2. politics 3. progressive 4. thinking . He should come forward with his definitions .

In another meeting Mr. Yadav has promised "CPS" pension to UP State Government Employees . It is a great promise . Difficult to implement . Almost all the State Governments in India are nearly bankrupt . Mr. Yadav should not commit the same mistakes which Mr. Y.S. Jaganmohan Reddy has committed .

2

~~PRIVATISATION OF VISAKHAPATNAM STEEL PLANT SHOULD STOP

In 2022-23 India budget Government may reiterate its determination to push forward privatisation of Visakhapatnam Steel Plant . With that , the Government may get some moolah ; but it does not extinguish or satiate Governments' scorching thirst for funds . After selling all the lands and other valuable assets , what the rulers will do ?

3

~~ROLE OF GOVERNORS OF STATES ~~ROLE OF GOVERNORS OF STATES



Source Link to read: https://timesofindia.indiatimes.com/india/governor-unethical-have-blocked-him-on-twitter-didi/articleshow/89257171.cms
Governors of States are supposed to be particularly politically neutral . As far as possible , they have to act as intervening Elders to build bridges in Central-State Relations . Their interventions are like Constitutional Arches for Center to lean on the Federal Columnistic Edifices called "States". Sometimes a Governor can also act as an agony aunt, for the States to unsteam themselves against Center . Governor assumes a sort of a judge's role , when Elections take place to State Assemblies and no party reaches the magic Number to form a Government or to form a stable Government . Testing of majority also takes place on the floor of the Assembly . It is not a Governor's duty to promote the interests of Ruling Party in the State . His duty ought to end, after sending a Report to the Center . If there are any Law and Order problems , it will be better if he reports the matter to President and forget the whole thing . There is no relationship of Student and Teacher between the Governor and the Home Ministry at Center.

4

~~EMPLOYMENT ENVIRONMENT in India ~~EMPLOYMENT ENVIRONMENT in India


Are Indian Companies desperate for workers ? They may not be . In India we have crowds . In India there is surfeit of workers . There is surfeit of white color workers . Surfeit of blue color workers . A facade of shortages exists owing to imbalances . Imbalances of skills. Imbalances of wages . Imbalances of skills. Imbalances of infrastructure available in different Regions. Worldwide employers want only youth . Only those who can work 24 hours x 365 days. Indian bosses spend their time in Clubs and want their workers to toil in suffocating workplaces.

5

~~PARTYGATE ENVIRONMENT IS NOT EXCLUSIVE TO UK ~~PARTYGATE ENVIRONMENT IS NOT EXCLUSIVE TO UK



Governments worldwide order one thing and do something else . Much noise is generated. When some pellets fall panicky scenes are produced before people . UK cannot be an exception to this . Its Prime Minister cannot be an exception to this . Let us sympathise and empathise with everybody . Only word of caution from ybrao-a-donkey : Those who stay in glass houses cannot throw stones out .

6

~~INDIAN POOR WANT GOVERNMENTS TO PAY THEM PENSION ~~INDIAN POOR WANT GOVERNMENTS TO PAY THEM PENSION


There is nothing wrong in the expectation of people from their Government should pay them lifelong pension . But this might have been easy , had population level remained at 1947 level . Both the Congress and the BJP neglected population control. In 1950 population was about 359 million. Now , India's population is about 1401 million. This is India's deluge. Ms. Nirmala Sitaraman has no time or Will to tame the Monster. Hence her budget will only be a Tinker.

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