Human race is diverse, so too its cultures and belief systems. Though religion is born in a particular race and nat..
If Corruption is India's Disease then Hindutva is the Cure : Dr. Swamy

Corruption in India is now a major concernfor all patriotic
citizens because of scams galoresuch as Satyam, IPL, CWG, and 2G
Spectrum etc., etc..By all objective criteria, India today has by
far one of the most corrupt governance.It is fueled by greed and
single-minded adherence to materialism.
Corruption generally is any inducement, or bribe, to do or not to
do anything that the bribe giver wants from the bribe taker who
otherwise will not do or will do. By this broad definition even
dowry payments is corruption. We are however concerned here with
misuse of public office for private gain either for oneself, family
or friend. This represents a governance failure and hence of
primary national concern. Corruption is therefore inherently bad
for the efficient functioning of any economic system. It blurs the
incentive to perform and discourages relying on merit as a means to
success.
It is prosecutable in India under the Prevention of Corruption Act
which was re-cast in 1988, or Money Laundering(Prevention) Act,
which any citizen can set into motion subject to some safeguards
such as Sanction. A more drastic law sought by the civil society at
large, to be known Lok Pal Act obviates the requirement of
Sanction, and institutes an independent prosecutor who can order a
CBI inquiry without government permission. Corruption under the
case laws of the Supreme Court is also sue-able such as under the
Doctrine of Public Trust, for malfeasance in office.Hence, attach
or confiscate the properties public officials once they are
convicted of the crime.
However, India although is a signatory to the UN Convention
Against Corrupt adopted by the General Assembly in October
2003, it has not yet ratified the Convention. The Convention
however came into force on December 14, 2005 when the 38 countries
ratified it. Its asset recovery provision is very appealing, and
yet the Indian government is not yet moved to ratify the
Convention. Switzerland was therefore compelled to enact a law
called Restitution of Illicit Assets Act[2010] especially of
“Politically Exposed Persons”. It was by this Act that Egypt’s
Mubarak’s and Libya Gaddafi’s accounts in Swiss Banks were
frozen.
An international watchdog committee conducted a study on the
illicit flight of money from India, perhaps the first ever attempt
at shedding light on a subject steeped in secrecy, and concluded
that India has been drained of $462 billion (over Rs 20 lakh crore)
between 1948 and 2008. The amount is nearly 40% of India's gross
domestic product.
One of the worst problems with corruption in India is the creation
of “black money,” i.e., money that is used in such transactions
which is neither taxed nor is spent openly. It travels to and from
secret bank accounts abroad, or, worse, is used by the corrupt to
indulge in gross luxurious consumption and bribery. Black money
also funds elections and there is no proper accounting. It tempts
the receiver to stash and salt away part of the campaign funds.
Since elections leads to political power of those thus funded and
enriched, future governments become bribe-compliant and therefore
protect the crooked.
This money enables politicians and business persons to carry cash
around the world for pleasure, and sometimes even be caught with
it. For example, on September 27, 2001, Rahul Gandhi and his
live-in girlfriend were arrested by the FBI at Boston’s Logan
airport with $ 160,000 in cash, for declaring it to the US Customs.
US law requires cash at hand of more than $10,000 to be so
declared. But he was let off after nine hours in FBI custody at the
intervention of the then BJP- led government, which for some
mysterious reason had played guardian to Ms.Sonia Gandhi and her
family throughout their tenure.
2. Impact of Corruption : Corruption impacts on
economic development of a nation in five dimensions:
1. Decisions taken for corrupt motive sub-optimises the allocation
of scarce national resources and hence in the long run lowers the
rate of growth in GDP. It also encourages buccaneers and robber
barons to flourish instead of innovative entrepreneurs.
2. By the use of bribe money which escapes the tax net and is
mostly stashed away in banks abroad or in trunks in safe houses, is
deployed in luxury goods purchase, ostentatious life, splurging in
five star hotels, real estate, and on partying. This raises demand
for luxury production and services, and in turn distorts investment
priorities. In India 70 percent of the investment goes directly or
indirectly to sustain the luxury sector.
3. Unaccounted bribe money is lent to hoarders and speculators who
then cause artificial shortages and thus inflation and property
bubbles.
4. Since the most in corrupt activities would be in public office,
they enact laws to not only to safeguard the booty by lax criminal
investigations and prosecutions, but to enable earning interest or
return on the bribe money. The invention of Participatory Notes
(PNs) and the Mauritius Tax & Capital Gains exemption treaties is
aimed at that sordid objective [see below].
5. Corruption enables beneficiaries to involve foreign governments
seeking influence and criminal gangs resident abroad to launder
money and provide protection.
Hence, as a country becomes industrialized, its governance and
corruption challenges do not disappear. They simply morph and
become more sophisticated: It becomes a complex phenomenon than
just transfer of a briefcase stashed with cash in a Swiss bank. The
formation of shell companies in tax haven islands, for example,
makes the tracing of the money trail very difficult.
Now subtler forms of "legal corruption" also exist e.g., an
expectation of a future job for a regulator in a lobbying firm, or
a campaign contribution with strings attached. In many countries
this may be legal, even if unethical. In industrialized nations
undue influence is often legally exercised by powerful private
interests, which in turn influence the nation's regulations,
policies and laws.
2.Subversion of the Indian Financial System by
Corruption : As I have pointed out in my earlier writings,
the Participatory Notes (PN) which account for 55% of the foreign
funds into the Stock Market in India have no requirement to comply
with even the SEBI disclosure rules, and are obviously meant for
laundering black money of politicians, industrialists and even
including those of terrorists. Even after Tarapore Committee
ridiculed the PNs, the SEBI had to keep silent because the then
Finance Minister P. Chidambaram favoured P-Notes to launder
ill-gotten money of his own and of his political masters. The lack
of ethics and patriotism thus appears maximum inside the government
today.
Investments through the P-notes route are believed to be largely
responsible for sudden, unexplained fluctuations in the
stock-market indices, including the huge falls which have even
resulted in suicides in Dalal Street. The Finance Ministry however
has failed to answer why this special exemption to P-Notes is being
provided. The Ministry has refused to publish the list of P-note
holders, along with their details and the amount of investment, on
its website, or on the website of SEBI, or anywhere else. The
Finance Ministry does not track the names of the owners/promoters
of beneficiaries of that company. Hence company using P-notes in
the BSE could well be promoted or funded by an Osama bin-Laden, a
Dawood Ibrahim orthe late VelupillaiPrabhakaran?
Corruption as a Grave National Security Threat :
In his address to the 43rd Munich Conference on Security Policy on
February 11, 2007, M.K.Narayanan, the National Security Advisor to
the Government of India, listed out the various ways by which
terrorists in India were funded. He admitted: “Instances of
terrorist outfits manipulating the stock markets to raise funds for
their operations have been reported. Stock exchanges in Mumbai and
Chennai have, on occasion, reported that fictitious or notional
companies were engaging in stock market operations. Some of these
companies were later traced to terrorist outfits”. This is a truly
shocking admission.
Thus, the Government of India is well aware that terrorists are
parking funds in Indian ventures. Yet the Finance Ministry has done
nothing about the system of P-notes, which gives terrorists the
additional benefit of anonymity while making hefty investments in
the Indian market, which could later be used to fund terrorist
activities against the Indian people in India!
According to conservative estimates, there are over
Rs.2,50,000Crore Rupees worth of P-notes issued abroad by FIIs and
brokers being actively traded in the Indian market! At present
P-Notes fuels about 53% of all foreign investments in the stock
markets of India.
While an Indian citizen in India has to provide his/her address
proof, photo ID proof, PAN details, etc to open even an ordinary
savings bank account in a local bank, foreign investors can hide
their identity under a sub-account by making use of Participatory
Notes to route their investments, often running into hundreds of
crores in a single transaction. In one transaction about the time
the 2G spectrum licences were given, Ms. Sonia Gandhi had issued a
single certified cheque of Rs 18,000 crores to Ketan Parikh at his
London Office to buy P-Notes! The main reason thus for the
popularity of a P-note is in fact the anonymity it provides to
crooks and terrorists.
Indians have about $ 0.5 trillion to $ 1.5 trillion in Swiss banks
alone, not to mention Liechtenstien, Isle
of Man, Cayman Islands,
Macao etc.,etc.. They are the largest deposit
holders in Swiss Banks! In 1991 the respected Swiss magazine
Schweitzer Illustrate published the by-product revelations of the
Marcos investigation from which,Sonia Gandhi,it can be seen had
been a legatee of Rajiv Gandhi’s assassination to Rs.10,000
crores(in 1991 exchange rate) in illegal Swiss bank deposits.
Earlier this money used lie in the Swiss Bank vaults, but now
thanks to Participatory Notes[PNs] and the Mauritius route, this
money is returning to India and in the BSE to earn windfall
profits. All this money can be brought back by legal methods within
two months, but the UPA government has shown its brazen
determination to block that by dragging its feet in the Supreme
Court or by brutally beating the satyagrahis at the Swami Ramdev
gathering in Ramlila grounds.
Then what is the cure ? In the short run of course, prosecuting and
convicting the corrupt big fish of society is the way of curbing
the greed by setting these crooks and traitors as examples. But the
cure for the long run is that we must imbibe Hindutva by a national
movement and political churning, and without hesitation or
obfuscation.
Long years ago, DeendayalUpadhyaya had in his seminal work:Integral
Humanism had warned the nation of this greed driven materialistic
society. He said that our cultural values are based on Sanatana
Dharma, thus embodied as Hinduness or Hindutva. This means that
while we pursue material growth it has to be harmonized with our
spiritual values to prevent it lapsing into greed. Greed
legitimizes corruption because then acquisition of wealth becomes
an end objective of life.
Such a life can never assure happiness as now many rich Americans
converting to Hindu faith are declaring openly. The richest and
famous Oscar winning Hollywood actress Julia Roberts recently
converted with her husband and children to Hinduism, and declared
that in seeking personal contentment, Hindu values showed her the
way. This why our Swamijis are attracting so many rich Westerners
to their ashrams.
In a society based on Hindutva, wealth cannot determine a person’s
social status. It is vidya andtyagaleading to vairagyathat merits
the highest social status. Even wealthy persons by philanthrophy
can get social status. Rishis Bhrigu and Bharadwaja thus devised
the Varna system of society which regrettably now has degenerated
into a birth-based vested interest of communities. Thus,
Hindutvarenaissance culled from Vedanta is the cure for greed and
of corruption in the long run. This should be every patriotic
Hindu’s battle cry for the coming war against corruption.
First Published - Dr. Swamy | Janataparty.org |
twitter.com/swamy39
Share Your View via Facebook
top trend
-
Varying Hues Of Human Perception
-
Done with Booze, Drugs and Porn, now wants Sharia for India
Meet Anjem Chowdhary, the guy who wanted to impose Sharia in India and had all ridiculous arguments in its favour as IBT..
-
Killing of Hindu Leaders in TamilNadu/Kerala: Signs of a Malignant Social Tumor
-
Dr. Swamy indicts Chidambaram in hashimpura riots case now
Janata Party chief Dr. Subramanian Swamy is not letting Chidambaram go. He tweeted from his personal Twitter account, &q..
-
We're always at your feet, Madam Sonia ji : Political Sycophancy
Since Independence, Congress has been synonymous with dynasty politics. History has stood witness to how after Nehru era a..
what next
-
-
"Coal allocations since 1993 are arbitrary and illegal", Says Supreme Court
-
Palestine, 6 billion people and second hand opinions
-
Malegaon 2006 vs. Malegaon 2008 - Blast Politics
-
Who will investigate Chidambaram & Co for the Dabhol Loot?
-
Narendra Modi prepares to climb the ramparts of the Red Fort
-
The Great Jindal Swindle
-
AAP's insidious anti-Hindu agenda
-
Nagma - Sonia Gandhi's Star Soldier
-
Aam Aadmi Party : Anti-Modi stalking horse
-
What in God's name is Teesta Setalvad's agenda?
-
-
-
Time to rethink : Saffron surge and the secular debacle - Sri Sri Ravi Shankar
-
India's Wishlist for Prime Minister Narendra Modi
-
My first meeting with Narendra Modi - Sri Sri Ravi Shankar
-
Telangana - Divide and Rule?
-
Myths vs Facts about RSS
-
The Two States: Telangana and Seemandhra
-
Answering Media on Questions to Narendra Modi, but will they venture into responding these queries?
-
#AAPCon : Dilli ke log ban gaye Mamu
-
Secularism is just synonymous with Sanatan Dharm
-
Beware of the Hoax called Aam Aadmi Party
-
Comments (Leave a Reply)