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Showing posts with label Banks. Show all posts
Showing posts with label Banks. Show all posts

Saturday, 23 December 2017

What is 2G SCAM ? By Shivam Bajaj



Every Crime is an Error but every error is not a crime said Abhishek Singhvi, Senior Advocate, Supreme Court of India.  Technology and Communications are the cruci of any form of communication or dialog which happens between 2 people, in this global village people can talk to anyone no matter where that person is. 

Some people might be thinking that "What is Spectrum ?" so Spectrum relates to the radio frequencies allocated to the mobile industry and other sectors of communication over the airwaves. 
Understood the meaning? now let's Have a Look at the Generations of networks using which we communicate these days. 

1G- Developed in 1979 
2G- Developed in 1990-91
3G- Developed Few Years After 2g Came
4G- Developed In 2008


Next Big Thing is 5G? Now let's See what happens there and how it changes the scenario?
We Now have a Little Insight Into what is the Generation story and also what do you mean by A Spectrum Now let us See what Actually Happened and why is this 2G Spectrum Scam Case is So Worrying and created a hype, not only then but even now after the judgment.

2007- UPA Government sold all India 2G Licenses at 2001 price which was 1658Cr.
2007-08- Private Firms Bought Licenses Bought Licences cheap and resold at Huge Prices  for Profits
2010: CAG Reports Gave a Figure of Nation Loss of 176 Lakh Crore
2012- Supreme Court Cancelled all the 122 2G Licenses which were issued after CBI Report which told that nation Had a Loss of 22000Cr.  2017- Trial Court Acquitted All in the 2G Scam Case

Now, on 21st Dec 2017, Former telecom minister A Raja, DMK MP Kanimozhi and all other accused were on Thursday acquitted in the politically-sensitive 2g spectrum allocation scam cases by a special court which held that the prosecution "miserably failed" to prove the charges. 

Immediately After the Special Court Judgement, Many people started to question the Judgement and even the role of CBI in the case, while the CBI said that it will appeal further as the decision is wrong.  People are even questioning the Vinod Rai Report (CAG then)  which quoted the Big Figure of Nation Wide Loss.  

Kapil Sibal, Former telecom Miniter on tins Said "I have been saying from day one that there was no loss and I have been vindicated today. In fact, it is Vinod Rai who must apologize to the nation"  The 4 People who were Acquitted Included 

1. Kanimozhi Karunanidhi, DMK leader and party chief M Karunanidhi's daughter

2. Former telecom minister A Raja

3. Former telecom secretary Siddharth Behura

4. A Raja's former private secretary RK Chandolia
5. Reliance ADAG Group Managing Director Gautam Doshi


After the Entire Court Judgement, Arun Jaitley, Finance Minister  Says that "Congress is Treating the Judgement as the Badge of Honour, they should not as the Supreme court in 2012 already told the 2G Policy as Corrupt and arbitrary" he even said" the 2G case verdict wasn't proof of the Congress-led UPA government's innocence"  While Prime Minister then, Manmohan Singh said that the propaganda was without any foundation. 

It's Not possible that if anything such gets so much talk the social media is not active. On the Judgement Day & even now there were several Trending Hashtags on Facebook and Twitter which were trending.
Some of These were

1. #2GVerdict
2. #congressisclean
3. #2GCASE
4. #2GSpectrumScam
5. #2GScam  & many more

Social Media is the king of making content viral, people don't forgive anyone be it victim or even accused. Now let us See what really happens further in this case, till now this judgment has made everyone talk about this and even this has made CBI stand in Court and even is surrounded by people's questions.

Till this date and I hope in future also these hashtags were used for healthy discussions on the topic or even some baseless ones.

As I further Researched, I found that the

1. CBI Quoted the Nation Loss Figure to be 22000Crs
2. Some Media Reports Came which stated 30000Crs
3. Then the CAG came with the figure of 176 Lakh Crore

Now the Question is Which is Right ?? and Do You Think that Vinod Rai should Apologise or Its a Correct decision? and also one more thing, during all these Media is also being blamed for Factless Reporting though it is the media which supported all the facts and then reported. We all hope that the truth Might Very Soon land in the congress's lap.

Buy the book-

Original Copy of The Judgement is There On the Link Below: 

Read the Full Judgment Here
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Tuesday, 15 November 2016

Think You Know Demonetisation ? Well Lets Find this Out




Black Money, the biggest problem of our nation which is also responsible for Defaming India as a country. but On 8th November 2016, Our Monetary reforms have taken a major change which has shaken not only the entire nation but also each and every economy of the world as far as trade is concerned, and this decision was demonetization of old Currency notes of Rs 500 & Rs1000.


This decision was taken By Our Honbl. Prime Minister Shri Narendra Modi Ji to curb the practices of black money nationwide and you will be shocked to know that there are approx. 5.5 Lakh Crore of Deposits being made in the banks and it's not even a week since the decision was made. and SBI Alone has collected deposits worth 55000 Crore in last 2 days.


I mean Just think the amount of money collected by our banking sector in few days...if this is the situation in such few days imagine what will happen in 50 days i.e the deadline was given by Our PM to arrest all the old currency.

Modi said in a statement that the 
"demonetization process has been on for the last 10 months and his government has been working on curbing black money. The PM said that since his government came to power, it has unearthed at least 1.25 lakh crore of black money and the process will not stop even after December 30 — the last date to deposit the demonetized notes in banks to get the money back in legitimate currency notes."

I think this reform is the best way out till now to get all the fake currencies and black money out.

Few days after the decision was made by the RBI, that they have issue New currency note of Rs 2000 and new currency of 500 will be announced soon.

Now, the people not only had to be in Long Queues just to deposit money but now they also need to exchange them for the New Currency of Rs2000 , As the system widens up and new policies start coming in many banks and ATMs started running out of cash but as RBI was the facilitator soon this problem was also solved step by step , many banks are still facing problems of cash running out but it can be solved.

Many people standing in long queues faced many difficulties but as soon as the new currency of Rs 2000 came in their hands it gave them immense pleasure and happiness and they forget all the worries they had while queueing up for the same.

RBI Clearly said that "We will not run out of new currency notes and we have sufficient currency to get exchanged" soon after this decision of Demonetisation Mr. Modi is till date giving speeches in different states explaining people about the same.



Unlike every time, Opposition Has something to go against with ,this time also almost every party and every politician apart from BJP is against with this step but this time also Mr. Modi does not care about what others say because he knows that it will only be problematic with the people who only have black money in larger amounts.

The government now knows that it will be problematic for the people who will be traveling so they issued an exception for them but taking this negatively people bought lakhs of railway tickets from black money and now expecting the governments to change that black currency to white from them without depositing in banks.

So now governments now have to think twice before announcing any Exception.

However, if you don't want to spend your money and would rather exchange them for lower denominations, you can do that easily. Here are ways to do it:

1. You can deposit old notes of Rs 500 or Rs 1000 in bank or post office accounts till December 30, 2016. There won't be any limit imposed on these deposits. However, there will be a limit on withdrawal. Initially, the limit has been set at Rs 24,000 per week. 

2. As per the directive, the weekly withdrawal limit from banks has been increased to Rs 24,000 from Rs 20,000, while the daily limit of Rs 10,000 has been scrapped. 
3.The ministry also advised banks to increase cash withdrawal limits in ATMs to Rs 2,500 per day in recalibrated ATMs. People were able to withdraw only up to Rs 2,000 so far. As for exchange of demonetised banknotes, the ministry advised increasing the limit from Rs 4,000 to Rs 4,500.
The new currency notes of Rs 500 also finally hit the bank branches.
Sources said the Reserve Bank of India will mint more currency notes of the denomination in the coming days.

If Such situation carries on then The Black Money from India can surely come out.
Today's Scenario is like :
*पैसों के लिये नाता तोड़ने वाले,*
*पैसा छुपाने के लिये रिश्तेदार ढूँढ रहे है।*
 😬😎

If This is the situation in the first few days of reform change then imagine what will happen in next 50 days. Just Imagine how much cash will be disclosed in 50 days.
and if  We cooperate with the government in these 50 days then the Black money of India will definitely come out and be ceased.
There is no fixed thing about black money in foreign accounts but after this step, black Money In Indian Accounts will definitely come out.

                                                  Watch Me Speaking On This Topic  



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