Friday, October 31, 2014

Re: [IAC#RG] Fed up with Investment Advice e-mailers

Dear Col Ramani

As the highly complex investment algorithms being used by Intelligent Investment Methods were developed by me and are maintained by them in Ahmedabad with expensive servers and engineers, I can only say that on a Rs. 20 lakhs investment corpus even a 2% boost over a Bank FD covers the annual cost.

I am amazed that so many retirees (especially faujis) are the victims of Ponzi artists and Company Fixed Deposit / NCD racketeers (brokers who are only interested in their commissions).

For the sake of notional 2 or 3% higher return from FDs it seems bizarre that persons trusted with defending the nation's border after retirement will trust their life savings to some opaque 3rd party for a long lock-in period instead of investing it themselves and in their own name in a highly liquid, encashable and "safe" way.

Sarbajit



On Sat, Nov 1, 2014 at 1:47 AM, Defence Review <india.defence.review@gmail.com> wrote:
Dear Sarabjit

Many many thanks for the details of the Intelligent Investment Methods, Ahmedabad system.

I completely agree with you that "Return of Capital" is more important than "Return on Capital" and that average compounded tax free returns of 18-22% is the best that can be achieved safely for the investor in Indian context, especially for the retirees.

The only difficulty is that the inventor's annual fees are Rs. 48,000 p.a.per account which does not make sense for a small investor account with 20 to 50 lakhs

Lt. Col (Retd) Ramani
Karnataka


On Sat, Oct 25, 2014 at 3:20 PM, Sarbajit Roy <sroy.mb@gmail.com> wrote:
Dear IAC members

Apparently many members of this list, and some other RTI mailing lists, are regularly receiving emails from financial consultants.

for eg. a Mumbai based investors network of social activists etc. claims past returns ranging from 36% to 72% per annum since 2012 (with the caveat that returns going forward are likely to be significantly lower).

Attractive titles typically used in the emails (I've used the Mumbai network's titles for convenience) run like this:-

  • Just 15 minutes to reshape your investment scientifically
  • Revealed: A system of actually buying more at market lows
  • Investing Success Comes From The Right Method
  • Warning: Don't make this fatal investing mistake
  • Stop wasting time knowing about financial products.
  • Is Investing That Simple?
  • How to fix your finances without ruining your weekends

Being curious, I decided to ask them more about it with a pointed question like :-

I'm very seriously interested in this and would like to compare your program versus my own investment algorithms, My code / data is also from 2002 when the NIFTY essentially started. Could you give me the weekly / monthly  buy /sell calls generated by your Investment tool without benefit of back testing.since 2002. - Sarbajit Roy, New Delhi.

Usually, they had no reply except to say I should first subscribe to their "system" to know more about it.

Now it is very likely that due to broker nexus and insider trading / tips etc. spectacular results / returns can be generated for a few years.

However, do your due diligence thoroughly, since it seems that public email lists like ours are being scraped for email IDs and especially ex-faujis and retirees etc .are being tempted with unsustainable returns.

PS: If anyone has invested in such schemes, please contact me off-list.

Sarbajit

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Posted by at No comments:

Re: [IAC#RG] Fw: false reporting on OROP

A newspaper of the stature of The Hindu  has reported this  news in a most damaging manner.This need to be condemned. However the blame goes to Modi who has been made to keep his mouth shut on this issue by his bosses , the bureaucracy-the babus.

On Sat, Nov 1, 2014 at 8:37 AM, Parvez Jamasji <indiaresists@lists.riseup.net> wrote:
----- Forwarded Message -----
From: C N Anand <cnanand@gmail.com>
To: preavsmajorsltcdrssqnldrs@googlegroups.com; Core Group IESM <CoreGpIESM@yahoogroups.com>; "esmaeili@tehrantimes.com" <esmaeili@tehrantimes.com>; satbir singh <satbirsm@gmail.com>; Raj Kadyan <rajkadyan8@gmail.com>
Sent: Saturday, 1 November 2014 8:32 AM
Subject: false reporting on OROP

Dear Sirs,

It looks a though babus are feeding false reports to the media and the media is lapping it. The Chiefs should be appraised of this and they should issue a statement giving correct facts. How could the defence budget have gone up because of OROP when nothing has been given. The babus are drumming up support against OROP? 

Please visit:

One rank, one pension scheme pushes up defence pension bill


The implementation of one rank, one pension has pushed up the Centre's defence pension payments by a record 40 per cent, posing fresh challenges to Union Finance Minister Arun Jaitley's resolve to keep the Centre's fiscal deficit within the budgetary target of 4.1 per cent of the Gross Domestic Product.
The armed forces pensions bill for the first six months of the current fiscal, from April to September, has turned out to be about Rs. 8,000 crore higher than for the corresponding period last year. Mr. Jaitley had provided only Rs. 1,000 crore for the whole year towards the scheme in the Budget he presented on July 10. The Finance Ministry is revising upwards its Budget estimate for the outgo on account of the scheme that benefits nearly 24 lakh pensioners of the armed forces.
The defence pensions bill for 2014-15 can be roughly expected to go up by about Rs. 16,000 crore over last year's, the source said. The Budget estimated defence pensions during 2014-15 to be Rs. 50,966.95 crore as against Rs. 44,475.95 crore the previous year.
The austerity measures do not cover pensions and the challenge for Mr. Jaitley will be to find fresh resources for the rapidly rising bill.
"Defence pensions payments normally do not go up so drastically. Though some increase was expected on account of the new scheme, the rise is turning out to be manifold," the source said.
One rank, one pension means soldiers of the same rank and the same length of service get the same pension, irrespective of their retirement date.
The decision to implement the scheme was first announced by former Finance Minister P. Chidambaram in the UPA government's interim Budget he had presented in February this year. Mr. Chidambaram had allocated Rs. 500 crore for it. "This decision will be implemented prospectively from the financial year 2014-15," he had said while presenting the vote on account ahead of the elections.
--
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Posted by at No comments:

Re: [IAC#RG] Sonia Gandhi is still NAC Chairperson ???

Hi

Let me clarify:

1) WIKIPEDIA (by its own definition) is not a reliable source for
anything. Wikipedia (like Google) is actually just a Western
propaganda machine, and is financed by pornography and child
pornography distribution which enables it to spread its lies. Another
source of finance for it are the huge "ransomware" Wikipedia's cabals
of professional editors and admins extort to write favorable articles
about people / persons.

2) The NAC website is still functioning and in the present tense. This
link contains most of the relevant memos
(http://nac.nic.in/pdf/nac_constitution.pdf). These notifications were
only put up after I chased them to do so in RTI (sec. 4).

3) The first NAC in 2004 was for a specific purpose - overseeing
NDA-1's Common Minimum Program, and providing policy inputs for Govt's
legislative business. Sonia was appointed Chairperson and the members
were for 1 year terms (extendible). Sonia resigned in 2006 for the
"Office of Profit" controversy and the lameduck NAC "ceased to exist"
on 31.March.2008.

4) On 29.March.2010, another NAC was constituted in pursuance of the
2004 order, and with Sonia as Chairperson. Om the same day another
order was issued stating that Chairperson's term of office is
"coterminus" with NAC's or "until further orders" and she will hold
Cabinet rank. The terms of the members continued to be 1 year
(extendible).

5) In 2013 additional OMs were issued for the terms of its members
mentioning their terms would be "coterminus with that of the present
government". This is only for the members and not for the terms of the
NAC or Chairperson.

6) So until further orders are issued / placed in public domain, the
NAC exists and Sonia is still its Chairperson with status of Cabinet
Minister. Hence the still functioning website and its RTI disclosure

Sarbajit








On 10/31/14, theOtherSide <theotherside1988@gmail.com> wrote:
> googled "national advisory council" and http://nac.nic.in/ is in the
> present tense. However,
> http://en.wikipedia.org/wiki/National_Advisory_Council is uptodate!
>
> Need to clarify further.
>
>
> On Fri, Oct 31, 2014 at 1:14 AM, Sarbajit Roy <sroy.mb@gmail.com> wrote:
>
>> While most of India thought that the Gandhis (which included "Vadras")
>> would slink away to some pleasant Caribbean beach to spend their
>> trillions, IAC decided to investigate when exactly Sonia Gandhi gave
>> up advising the Prime Minister
>>
>> The official answer we received in RTI (attached) is that the NAC is
>> still a Committee of the PMO, that Ms. Sonia Gandhi is still its
>> Chairperson, and that the Prime Minister of India and the BJP Govt
>> still calls on the Queen for advice.
>>
>> God save India.!!!!
>>
>> Official Links to NAC's RTI reply to IAC :-
>> http://nac.nic.in/members/soniagandhi.php
>> http://nac.nic.in/secretriat.php
Posted by at No comments:

[IAC#RG] Fw: false reporting on OROP

----- Forwarded Message -----
From: C N Anand <cnanand@gmail.com>
To: preavsmajorsltcdrssqnldrs@googlegroups.com; Core Group IESM <CoreGpIESM@yahoogroups.com>; "esmaeili@tehrantimes.com" <esmaeili@tehrantimes.com>; satbir singh <satbirsm@gmail.com>; Raj Kadyan <rajkadyan8@gmail.com>
Sent: Saturday, 1 November 2014 8:32 AM
Subject: false reporting on OROP

Dear Sirs,

It looks a though babus are feeding false reports to the media and the media is lapping it. The Chiefs should be appraised of this and they should issue a statement giving correct facts. How could the defence budget have gone up because of OROP when nothing has been given. The babus are drumming up support against OROP? 

Please visit:

One rank, one pension scheme pushes up defence pension bill


The implementation of one rank, one pension has pushed up the Centre's defence pension payments by a record 40 per cent, posing fresh challenges to Union Finance Minister Arun Jaitley's resolve to keep the Centre's fiscal deficit within the budgetary target of 4.1 per cent of the Gross Domestic Product.
The armed forces pensions bill for the first six months of the current fiscal, from April to September, has turned out to be about Rs. 8,000 crore higher than for the corresponding period last year. Mr. Jaitley had provided only Rs. 1,000 crore for the whole year towards the scheme in the Budget he presented on July 10. The Finance Ministry is revising upwards its Budget estimate for the outgo on account of the scheme that benefits nearly 24 lakh pensioners of the armed forces.
The defence pensions bill for 2014-15 can be roughly expected to go up by about Rs. 16,000 crore over last year's, the source said. The Budget estimated defence pensions during 2014-15 to be Rs. 50,966.95 crore as against Rs. 44,475.95 crore the previous year.
The austerity measures do not cover pensions and the challenge for Mr. Jaitley will be to find fresh resources for the rapidly rising bill.
"Defence pensions payments normally do not go up so drastically. Though some increase was expected on account of the new scheme, the rise is turning out to be manifold," the source said.
One rank, one pension means soldiers of the same rank and the same length of service get the same pension, irrespective of their retirement date.
The decision to implement the scheme was first announced by former Finance Minister P. Chidambaram in the UPA government's interim Budget he had presented in February this year. Mr. Chidambaram had allocated Rs. 500 crore for it. "This decision will be implemented prospectively from the financial year 2014-15," he had said while presenting the vote on account ahead of the elections.
--
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Posted by at No comments:

Re: [IAC#RG] Fed up with Investment Advice e-mailers

Dear Sarabjit

Many many thanks for the details of the Intelligent Investment Methods, Ahmedabad system.

I completely agree with you that "Return of Capital" is more important than "Return on Capital" and that average compounded tax free returns of 18-22% is the best that can be achieved safely for the investor in Indian context, especially for the retirees.

The only difficulty is that the inventor's annual fees are Rs. 48,000 p.a.per account which does not make sense for a small investor account with 20 to 50 lakhs

Lt. Col (Retd) Ramani
Karnataka


On Sat, Oct 25, 2014 at 3:20 PM, Sarbajit Roy <sroy.mb@gmail.com> wrote:
Dear IAC members

Apparently many members of this list, and some other RTI mailing lists, are regularly receiving emails from financial consultants.

for eg. a Mumbai based investors network of social activists etc. claims past returns ranging from 36% to 72% per annum since 2012 (with the caveat that returns going forward are likely to be significantly lower).

Attractive titles typically used in the emails (I've used the Mumbai network's titles for convenience) run like this:-

  • Just 15 minutes to reshape your investment scientifically
  • Revealed: A system of actually buying more at market lows
  • Investing Success Comes From The Right Method
  • Warning: Don't make this fatal investing mistake
  • Stop wasting time knowing about financial products.
  • Is Investing That Simple?
  • How to fix your finances without ruining your weekends

Being curious, I decided to ask them more about it with a pointed question like :-

I'm very seriously interested in this and would like to compare your program versus my own investment algorithms, My code / data is also from 2002 when the NIFTY essentially started. Could you give me the weekly / monthly  buy /sell calls generated by your Investment tool without benefit of back testing.since 2002. - Sarbajit Roy, New Delhi.

Usually, they had no reply except to say I should first subscribe to their "system" to know more about it.

Now it is very likely that due to broker nexus and insider trading / tips etc. spectacular results / returns can be generated for a few years.

However, do your due diligence thoroughly, since it seems that public email lists like ours are being scraped for email IDs and especially ex-faujis and retirees etc .are being tempted with unsustainable returns.

PS: If anyone has invested in such schemes, please contact me off-list.

Sarbajit

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Posted by at No comments:

Re: [IAC#RG] DOES JUDICIARY HAVE UNLIMITED POWERS ?

If Supreme Court has been honest in their doings , the entire judicial system would have been different . The way they they keep giving dates over dates shows how responsible they are in delivering their judgement. Most of the time they have been toeing the lines of bureaucrats. 

They need to be made transparent , accountable and responsible.

On Fri, Oct 31, 2014 at 7:50 PM, Ranga Rao <dsrangarao@gmail.com> wrote:
No question of doubting the integrity of Supreme Court. A pro-active judiciary at all levels is always welcome, particularly in a country like ours where the political establishment, at times, tends to be so irresponsible and unaccountable. 
The point under debate is why the Hon'ble Supreme Court has demanded again the list of black money hoarders from the government when the same was already stated to have been submitted to it in June last itself.  In wondering so, what i and others of ilk felt was that such queries or arguments from the court side or the plaint side would only add to further delays which are endemic to our judicial system, but not to question the Apex Court at all. As the adage goes that "Eternal vigilance is the price of liberty", eternal vigilance not only by Supreme Court or by a particular organ of the government, but by every citizen, is paramount need of the times to check undue delays and corruption in any walk of life.  Otherwise, what is the use of repeating ad infinitum and ad nauseam that justice delayed is justice denied?


On Thursday, October 30, 2014, Victor Cooper <indiaresists@lists.riseup.net> wrote:
If the executive fails to do its job or fails to act when it should or acts illegally, the judiciary will step in .... and that is welcome.

Victor

From: Salil RK <protekmumbai@gmail.com>
To: indiaresists@lists.riseup.net
Sent: Wednesday, October 29, 2014 12:19 PM
Subject: Re: [IAC#RG] DOES JUDICIARY HAVE UNLIMITED POWERS ?

The question is why the govt. resisted giving the list to the SC. The govt. was doing parallel investigation and giving amnesty to certain individuals. The SC has stopped that with insistence of giving the list and insisting that all investigation henceforth will be done by the SIT.

On 29 October 2014 12:17, Salil RK <protekmumbai@gmail.com> wrote:
The SC has huge powers. It is custodian of the constitution. Whatever wrongs the executive commits, the SC has powers to nullify the same. It not only interprets the laws but also has to see that justice has be done. The constitution provides sufficient powers to the SC.

On 28 October 2014 20:03, Venkatraman Ns <nsvenkatchennai@gmail.com> wrote:
To  
 
India Against Corruption
                                                                                    DOES  JUDICIARY  HAVE  UNLIMITED  POWERS ?
 
In recent times, we have come across many instances where judiciary has entertained cases and given ruling , which may not involve any legal issues or any constitutional interpretations and issues which may be purely a matter of administration.
For example, judiciary has given verdict even on such matters like restricting the use of crackers on deepavali festival or  using loud speakers beyond certain hours, which are purely  matters in the domain of administration.  At least some people including some   legal professionals  some times wonder  whether judiciary is exceeding its limits on occasions.
There are also many instances where the judgements of judiciary at various levels do not have consistency , making thinking people wonder as to whether judiciary is providing judgements on the basis of perspectives and prejudices of individual judges , without approaching the issues on the basis  of law and fair practice. For example, the judgement of the judiciary regarding homosexuality have confused people  as to what would be the limits of powers of judiciary and which are the matters which it should entertain.
Obviously, judiciary is having its way , since , by and large, people have lost faith in the credibility of  politicians and bureaucrats  and many people think that politicians and bureaucrats would readily compromise with values and principles in discharging their duties. Under the circumstances, people look upon the judiciary to save them from the misdeeds of politicians and bureaucrats ,  which appear to have made judges think that they have unlimited powers and they are the ultimate  authority.
The recent judgement of the Supreme Court directing Government of India to submit the names of all black money holders abroad has been widely welcomed by the people but the legal pundits may wonder whether Supreme Court has over reached itself in giving this decision  and whether it really  has  the inherent  powers to do so,  as  per the provisions of constitution.
N.S.Venkataraman
Nandini Voice For The Deprived
Twitter : @nsvchennai
 

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--
Regards

Salil
Protek
9324869143



--
Regards

Salil
Protek
9324869143

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Posted by at No comments:

Re: [IAC#RG] DOES JUDICIARY HAVE UNLIMITED POWERS ?

No question of doubting the integrity of Supreme Court. A pro-active judiciary at all levels is always welcome, particularly in a country like ours where the political establishment, at times, tends to be so irresponsible and unaccountable. 
The point under debate is why the Hon'ble Supreme Court has demanded again the list of black money hoarders from the government when the same was already stated to have been submitted to it in June last itself.  In wondering so, what i and others of ilk felt was that such queries or arguments from the court side or the plaint side would only add to further delays which are endemic to our judicial system, but not to question the Apex Court at all. As the adage goes that "Eternal vigilance is the price of liberty", eternal vigilance not only by Supreme Court or by a particular organ of the government, but by every citizen, is paramount need of the times to check undue delays and corruption in any walk of life.  Otherwise, what is the use of repeating ad infinitum and ad nauseam that justice delayed is justice denied?


On Thursday, October 30, 2014, Victor Cooper <indiaresists@lists.riseup.net> wrote:
If the executive fails to do its job or fails to act when it should or acts illegally, the judiciary will step in .... and that is welcome.

Victor

From: Salil RK <protekmumbai@gmail.com>
To: indiaresists@lists.riseup.net
Sent: Wednesday, October 29, 2014 12:19 PM
Subject: Re: [IAC#RG] DOES JUDICIARY HAVE UNLIMITED POWERS ?

The question is why the govt. resisted giving the list to the SC. The govt. was doing parallel investigation and giving amnesty to certain individuals. The SC has stopped that with insistence of giving the list and insisting that all investigation henceforth will be done by the SIT.

On 29 October 2014 12:17, Salil RK <protekmumbai@gmail.com> wrote:
The SC has huge powers. It is custodian of the constitution. Whatever wrongs the executive commits, the SC has powers to nullify the same. It not only interprets the laws but also has to see that justice has be done. The constitution provides sufficient powers to the SC.

On 28 October 2014 20:03, Venkatraman Ns <nsvenkatchennai@gmail.com> wrote:
To  
 
India Against Corruption
                                                                                    DOES  JUDICIARY  HAVE  UNLIMITED  POWERS ?
 
In recent times, we have come across many instances where judiciary has entertained cases and given ruling , which may not involve any legal issues or any constitutional interpretations and issues which may be purely a matter of administration.
For example, judiciary has given verdict even on such matters like restricting the use of crackers on deepavali festival or  using loud speakers beyond certain hours, which are purely  matters in the domain of administration.  At least some people including some   legal professionals  some times wonder  whether judiciary is exceeding its limits on occasions.
There are also many instances where the judgements of judiciary at various levels do not have consistency , making thinking people wonder as to whether judiciary is providing judgements on the basis of perspectives and prejudices of individual judges , without approaching the issues on the basis  of law and fair practice. For example, the judgement of the judiciary regarding homosexuality have confused people  as to what would be the limits of powers of judiciary and which are the matters which it should entertain.
Obviously, judiciary is having its way , since , by and large, people have lost faith in the credibility of  politicians and bureaucrats  and many people think that politicians and bureaucrats would readily compromise with values and principles in discharging their duties. Under the circumstances, people look upon the judiciary to save them from the misdeeds of politicians and bureaucrats ,  which appear to have made judges think that they have unlimited powers and they are the ultimate  authority.
The recent judgement of the Supreme Court directing Government of India to submit the names of all black money holders abroad has been widely welcomed by the people but the legal pundits may wonder whether Supreme Court has over reached itself in giving this decision  and whether it really  has  the inherent  powers to do so,  as  per the provisions of constitution.
N.S.Venkataraman
Nandini Voice For The Deprived
Twitter : @nsvchennai
 

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--
Regards

Salil
Protek
9324869143



--
Regards

Salil
Protek
9324869143

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Posted by at No comments:

Re: [IAC#RG] Sonia Gandhi is still NAC Chairperson ???

 googled "national advisory council" and http://nac.nic.in/ is in the present tense.  However, http://en.wikipedia.org/wiki/National_Advisory_Council is uptodate!

Need to clarify further.
 

On Fri, Oct 31, 2014 at 1:14 AM, Sarbajit Roy <sroy.mb@gmail.com> wrote:
While most of India thought that the Gandhis (which included "Vadras")
would slink away to some pleasant Caribbean beach to spend their
trillions, IAC decided to investigate when exactly Sonia Gandhi gave
up advising the Prime Minister

The official answer we received in RTI (attached) is that the NAC is
still a Committee of the PMO, that Ms. Sonia Gandhi is still its
Chairperson, and that the Prime Minister of India and the BJP Govt
still calls on the Queen for advice.

God save India.!!!!

Official Links to NAC's RTI reply to IAC  :-
http://nac.nic.in/members/soniagandhi.php
http://nac.nic.in/secretriat.php

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Posted by at No comments:

Re: [IAC#RG] Sonia Gandhi is still NAC Chairperson ???

Wikipedia says that NIC was dissolved in May 2014. The link is

http://en.wikipedia.org/wiki/National_Advisory_Council


Cheers!!


Anil Maheshwari

On Fri, Oct 31, 2014 at 1:14 AM, Sarbajit Roy <sroy.mb@gmail.com> wrote:
While most of India thought that the Gandhis (which included "Vadras")
would slink away to some pleasant Caribbean beach to spend their
trillions, IAC decided to investigate when exactly Sonia Gandhi gave
up advising the Prime Minister

The official answer we received in RTI (attached) is that the NAC is
still a Committee of the PMO, that Ms. Sonia Gandhi is still its
Chairperson, and that the Prime Minister of India and the BJP Govt
still calls on the Queen for advice.

God save India.!!!!

Official Links to NAC's RTI reply to IAC  :-
http://nac.nic.in/members/soniagandhi.php
http://nac.nic.in/secretriat.php

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Thursday, October 30, 2014

Re: [IAC#RG] Sonia Gandhi is still NAC Chairperson ???

Was NAC ecer able to meet the requirements of Constitutional scheme of things? Wasn't everything wholly arbitrary? And continues to be so? Why no primetime debate on that? Not on what it did or didn't. Not on its role vs that if PMO. Why no Statutory Body through widely debated legislation for any major task be formulated,if ever a notio for such a need had crossed someone's mind? Hundred valid questions arise and answers to the same need to come in rational/factual manner. I plead with honourable IAC members once again to raise such questions,say through crowdsourcing,and I plead with Sh Saerbjit to compile the same and seek answers thereto. Will RTI help? Will PMO help? Will finally Judiciary help? S P Mathur
Sent on my BlackBerry® from Vodafone

-----Original Message-----
From: Sarbajit Roy <sroy.mb@gmail.com>
Sender: indiaresists-request@lists.riseup.net
Date: Fri, 31 Oct 2014 01:14:43
To: indiaresists<indiaresists@lists.riseup.net>
Reply-To: indiaresists@lists.riseup.net
Subject: [IAC#RG] Sonia Gandhi is still NAC Chairperson ???

While most of India thought that the Gandhis (which included "Vadras")
would slink away to some pleasant Caribbean beach to spend their
trillions, IAC decided to investigate when exactly Sonia Gandhi gave
up advising the Prime Minister

The official answer we received in RTI (attached) is that the NAC is
still a Committee of the PMO, that Ms. Sonia Gandhi is still its
Chairperson, and that the Prime Minister of India and the BJP Govt
still calls on the Queen for advice.

God save India.!!!!

Official Links to NAC's RTI reply to IAC :-
http://nac.nic.in/members/soniagandhi.php
http://nac.nic.in/secretriat.php
Posted by at No comments:

Re: [IAC#RG] Important judgement

Section 138 of NIA is absurd & unethical and should be repealed. 

If account holder issues cheque without balance in account the remedy is that Bank should give him warning and if he repeats same then his account should be closed by Bank

Section 138 NIA has given rise to many crimes in India.

Regards

HRJ

On Wed, Oct 29, 2014 at 12:40 PM, Sangeeta <tomarsangeeta27@gmail.com> wrote:
Dear All,

Sharing important judgement .

As per the recent decision of the Hon'ble Supreme Court of India inDASTHRATH RUPSINGH RATHOD v. STATE of MAHARASHTRA, Dated 01.08.2014, wherein the Hon'ble three judge Bench overruled its own decision in K. BHASKARAN v. SANKARAN VAIDHYAN BALAN, (1999) 7 SCC 510, and held that the jurisdiction for filing of the Complaint under Section 138, Negotiable Instruments Act, shall be the place where the drawer bank is located.

Please think before accepting out station cheque.

Thank you.

Sangeeta Tomar


Sangeeta Tomar

On 28-Oct-2014, at 10:15 pm, Hemraj Jain <jainhemraj59@gmail.com> wrote:

It is revealed by govt that all the names were given by Modi Govt in June 2014  to SIT  (which works under Supreme Court of India, the SCI). That means these names are already with SCI (because SIT is supposed to tell SCI at first opportunity, when it gets such list).

Then why SCI asked govt to hand over the same list to SCI on August, 29 ?

Can some one enlighten me about the motive of SCI behind this order.

Regards

Hem Raj Jain

On Tue, Oct 28, 2014 at 10:33 AM, Venkatraman Ns <nsvenkatchennai@gmail.com> wrote:
To  
 
India Against Corruption
                                                                                    DOES  JUDICIARY  HAVE  UNLIMITED  POWERS ?

 

In recent times, we have come across many instances where judiciary has entertained cases and given ruling , which may not involve any legal issues or any constitutional interpretations and issues which may be purely a matter of administration.

For example, judiciary has given verdict even on such matters like restricting the use of crackers on deepavali festival or  using loud speakers beyond certain hours, which are purely  matters in the domain of administration.  At least some people including some   legal professionals  some times wonder  whether judiciary is exceeding its limits on occasions.

There are also many instances where the judgements of judiciary at various levels do not have consistency , making thinking people wonder as to whether judiciary is providing judgements on the basis of perspectives and prejudices of individual judges , without approaching the issues on the basis  of law and fair practice. For example, the judgement of the judiciary regarding homosexuality have confused people  as to what would be the limits of powers of judiciary and which are the matters which it should entertain.

Obviously, judiciary is having its way , since , by and large, people have lost faith in the credibility of  politicians and bureaucrats  and many people think that politicians and bureaucrats would readily compromise with values and principles in discharging their duties. Under the circumstances, people look upon the judiciary to save them from the misdeeds of politicians and bureaucrats ,  which appear to have made judges think that they have unlimited powers and they are the ultimate  authority.

The recent judgement of the Supreme Court directing Government of India to submit the names of all black money holders abroad has been widely welcomed by the people but the legal pundits may wonder whether Supreme Court has over reached itself in giving this decision  and whether it really  has  the inherent  powers to do so,  as  per the provisions of constitution.
N.S.Venkataraman
Nandini Voice For The Deprived
Email:- nsvenkatchennai@gmail.com
Twitter : @nsvchennai

 


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Re: [IAC#RG] DOES JUDICIARY HAVE UNLIMITED POWERS ?

If the executive fails to do its job or fails to act when it should or acts illegally, the judiciary will step in .... and that is welcome.

Victor

From: Salil RK <protekmumbai@gmail.com>
To: indiaresists@lists.riseup.net
Sent: Wednesday, October 29, 2014 12:19 PM
Subject: Re: [IAC#RG] DOES JUDICIARY HAVE UNLIMITED POWERS ?

The question is why the govt. resisted giving the list to the SC. The govt. was doing parallel investigation and giving amnesty to certain individuals. The SC has stopped that with insistence of giving the list and insisting that all investigation henceforth will be done by the SIT.

On 29 October 2014 12:17, Salil RK <protekmumbai@gmail.com> wrote:
The SC has huge powers. It is custodian of the constitution. Whatever wrongs the executive commits, the SC has powers to nullify the same. It not only interprets the laws but also has to see that justice has be done. The constitution provides sufficient powers to the SC.

On 28 October 2014 20:03, Venkatraman Ns <nsvenkatchennai@gmail.com> wrote:
To  
 
India Against Corruption
                                                                                    DOES  JUDICIARY  HAVE  UNLIMITED  POWERS ?
 
In recent times, we have come across many instances where judiciary has entertained cases and given ruling , which may not involve any legal issues or any constitutional interpretations and issues which may be purely a matter of administration.
For example, judiciary has given verdict even on such matters like restricting the use of crackers on deepavali festival or  using loud speakers beyond certain hours, which are purely  matters in the domain of administration.  At least some people including some   legal professionals  some times wonder  whether judiciary is exceeding its limits on occasions.
There are also many instances where the judgements of judiciary at various levels do not have consistency , making thinking people wonder as to whether judiciary is providing judgements on the basis of perspectives and prejudices of individual judges , without approaching the issues on the basis  of law and fair practice. For example, the judgement of the judiciary regarding homosexuality have confused people  as to what would be the limits of powers of judiciary and which are the matters which it should entertain.
Obviously, judiciary is having its way , since , by and large, people have lost faith in the credibility of  politicians and bureaucrats  and many people think that politicians and bureaucrats would readily compromise with values and principles in discharging their duties. Under the circumstances, people look upon the judiciary to save them from the misdeeds of politicians and bureaucrats ,  which appear to have made judges think that they have unlimited powers and they are the ultimate  authority.
The recent judgement of the Supreme Court directing Government of India to submit the names of all black money holders abroad has been widely welcomed by the people but the legal pundits may wonder whether Supreme Court has over reached itself in giving this decision  and whether it really  has  the inherent  powers to do so,  as  per the provisions of constitution.
N.S.Venkataraman
Nandini Voice For The Deprived
Email:- nsvenkatchennai@gmail.com
Twitter : @nsvchennai
 

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--
Regards

Salil
Protek
9324869143



--
Regards

Salil
Protek
9324869143

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Posted by at No comments:

[IAC#RG] Sonia Gandhi is still NAC Chairperson ???

While most of India thought that the Gandhis (which included "Vadras")
would slink away to some pleasant Caribbean beach to spend their
trillions, IAC decided to investigate when exactly Sonia Gandhi gave
up advising the Prime Minister

The official answer we received in RTI (attached) is that the NAC is
still a Committee of the PMO, that Ms. Sonia Gandhi is still its
Chairperson, and that the Prime Minister of India and the BJP Govt
still calls on the Queen for advice.

God save India.!!!!

Official Links to NAC's RTI reply to IAC :-
http://nac.nic.in/members/soniagandhi.php
http://nac.nic.in/secretriat.php
Posted by at No comments:

Wednesday, October 29, 2014

Re: [IAC#RG] CORRUPT POLITICIAN HAS THE LAST LAUGH AND JUDICIARY BECOME LAUGHING STOCK

Sir Can PM  Modi travel during elections in Maharashtra and Haryana leaving his primary responsibility to Govern -for which he is drawing salary  and canvass /promote his Party and Candidates .Is he not misusing Taxpayers money (Assume BJP did not fund his election touring expenses )Does he have to submit any expense statement to BJP Treasurer  ?If Party has organised his tour ?Hope Govt machinery is used for Party Propaganda ?
However,PM can not take off that to 15 days from the chair of PM ?Who is he accountable ?
 Sir will appreciate your response

RAMESH PATIL

 

MRCI



On Friday, 24 October 2014 11:20 AM, Shanti Bhushan <shantibhush@gmail.com> wrote:


Even though there is no presumption of innocence after conviction so long as an appeal provided by law due to experience of coviction being found to be erroneous in many cases there is no presumption of guilt also and therefore grant of bail pending appeal has to be fairly liberal.

Sent from my iPad

On Oct 22, 2014, at 6:33 PM, ~Rájiv Pátěl <rpatel.fffie@gmail.com> wrote:

Dear Kirity Roy
Get your facts clear. In the present case the ACCUSED person has been already tried and found GUILTY and therefore the person is no more an accused but a CONVICT. Unlike the parameters to be considered while granting bail to an accused person/s parameters to grant bail to a convicted person are different

On Tue, Oct 21, 2014 at 10:32 PM, Kirity Roy <kirityroy@gmail.com> wrote:
Yes, I do agree with the understanding of Mr. Shanti Bhushan. 
Accused person in a criminal trial should not be treated as guilty. It is the duty of prosecution (State) to prove him / her guilty before the court. 
Are we going to establish "presumption of guilt" in he tune of police / state ?? Are we going deny "Right to be presumed innocent until proven guilty" ?? 

At the same time I must support strongly the main message of Mr. N S Venkataraman of Nandini Voice. 

On 21 October 2014 21:52, Shanti Bhushan <shantibhush@gmail.com> wrote:
I do not see any objection to the grant of bail pending appeal provided it is conditional on the appeal being quickly heard and decided.

Sent from my iPad

--
Kirity Roy
Secretary
Banglar Manabadhikar Suraksha Mancha
(MASUM)
&
National Convenor (PACTI)
Programme Against Custodial Torture & Impunity
40A, Barabagan Lane (4th Floor)
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Phone- +91-33-26220844 / 0845
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[IAC#RG] Important judgement

Dear All,

Sharing important judgement .

As per the recent decision of the Hon'ble Supreme Court of India inDASTHRATH RUPSINGH RATHOD v. STATE of MAHARASHTRA, Dated 01.08.2014, wherein the Hon'ble three judge Bench overruled its own decision in K. BHASKARAN v. SANKARAN VAIDHYAN BALAN, (1999) 7 SCC 510, and held that the jurisdiction for filing of the Complaint under Section 138, Negotiable Instruments Act, shall be the place where the drawer bank is located.

Please think before accepting out station cheque.

Thank you.

Sangeeta Tomar


Sangeeta Tomar

On 28-Oct-2014, at 10:15 pm, Hemraj Jain <jainhemraj59@gmail.com> wrote:

It is revealed by govt that all the names were given by Modi Govt in June 2014  to SIT  (which works under Supreme Court of India, the SCI). That means these names are already with SCI (because SIT is supposed to tell SCI at first opportunity, when it gets such list).

Then why SCI asked govt to hand over the same list to SCI on August, 29 ?

Can some one enlighten me about the motive of SCI behind this order.

Regards

Hem Raj Jain

On Tue, Oct 28, 2014 at 10:33 AM, Venkatraman Ns <nsvenkatchennai@gmail.com> wrote:
To  
 
India Against Corruption
                                                                                    DOES  JUDICIARY  HAVE  UNLIMITED  POWERS ?

 

In recent times, we have come across many instances where judiciary has entertained cases and given ruling , which may not involve any legal issues or any constitutional interpretations and issues which may be purely a matter of administration.

For example, judiciary has given verdict even on such matters like restricting the use of crackers on deepavali festival or  using loud speakers beyond certain hours, which are purely  matters in the domain of administration.  At least some people including some   legal professionals  some times wonder  whether judiciary is exceeding its limits on occasions.

There are also many instances where the judgements of judiciary at various levels do not have consistency , making thinking people wonder as to whether judiciary is providing judgements on the basis of perspectives and prejudices of individual judges , without approaching the issues on the basis  of law and fair practice. For example, the judgement of the judiciary regarding homosexuality have confused people  as to what would be the limits of powers of judiciary and which are the matters which it should entertain.

Obviously, judiciary is having its way , since , by and large, people have lost faith in the credibility of  politicians and bureaucrats  and many people think that politicians and bureaucrats would readily compromise with values and principles in discharging their duties. Under the circumstances, people look upon the judiciary to save them from the misdeeds of politicians and bureaucrats ,  which appear to have made judges think that they have unlimited powers and they are the ultimate  authority.

The recent judgement of the Supreme Court directing Government of India to submit the names of all black money holders abroad has been widely welcomed by the people but the legal pundits may wonder whether Supreme Court has over reached itself in giving this decision  and whether it really  has  the inherent  powers to do so,  as  per the provisions of constitution.
N.S.Venkataraman
Nandini Voice For The Deprived
Email:- nsvenkatchennai@gmail.com
Twitter : @nsvchennai

 


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