Sachin Tendulkar listed as Casual Labourer in Goa government records

As per a report:

Sachin Tendulkar may have won the Bharat Ratna, but according to the Goa government's records, he and his family are is a "casual labourers" and beneficiaries of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), says a non-governmental organisation. The NGO, Goa Parivartan Manch, on Saturday claimed to have exposed a scam in MGNREGS, where officials and politicians have been listing fictitious workers and pinching their remuneration.

"We demand a probe into the MGNREGS works in Chimbel. It must be found out how these fake names were registered as beneficiaries and who is making this money," the NGO's spokesman Yathish Naik said at a press conference. Chimbel is a slum near Panaji and Tendulkar finds himself an applicant against serial No 374 of Tiswadi sub-district block. His registration number is GO-01-001-028-001/10063-C. His wife Anjali, daughter Sara and son Arjun are also on the list. 

In fact, the list also includes Kapil Dev, Sourav Ganguly, Rahul Dravid, former Australia captain Ricky Ponting, Amitabh Bachchan and Paresh Rawal.

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Gods forbid: India’s Temples guard their Gold from government

India’s temples are resisting divulging their gold holdings – perhaps nearly half the amount held in Fort Knox – amid mistrust of the motives of authorities who are trying to cut a hefty import bill that is hurting the economy.

The Reserve Bank of India (RBI), which has already taken steps that have slowed to a trickle the incoming supplies that have exacerbated India’s current account deficit, has sent letters to some of the country’s richest temples asking for details of their gold. It says the inquiries are simply data collection, but Hindu groups are up in arms.

“The gold stored in temples was contributed by devotees over thousands of years and we will not allow anyone to usurp it,” said V Mohanan, secretary of the Hindu nationalist Vishwa Hindu Parishad organisation in Kerala, in a statement. Indians buy as much as 2.3 tonnes of gold, on average, every day – the weight of a small elephant – and what they don’t give to the gods is mostly hoarded. Jewellery is handed down as heirlooms and stored away with bars and coins as a hedge against inflation or a source of quick funds in an emergency. Read More Here

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Why Indian Rupee will slide down to Rs. 100 vs 1 US $

Sri Lanka’s capital city Colombo is it’s largest city. In Colombo, you can find all the Foreign Cars moving, all the imported goods & all things Foreign that can be found all over the world. In simple terms, most of the things that a person considers a luxury is imported from other countries. Result is that Sri Lankan Rupee quotes against 1 US$ to Rs. 132 nowadays. Same is the case with Pakistan & the Pakistani Rupee quotes as 1 US$ to Rs. 102. Reason being exports are much less while imports are much more.

Same problem is with India now that its exports are getting much less while imports are increasing day by day. India’s “Current Account Deficit” (CAD), the difference of exports & imports is increasing day by day. India’s main Foreign exchange source is not permanent but temporary & that Global players / investors are putting temporary money (dollars) in Indian markets (share markets & other money markets) which they borrow cheaply from other world markets where interest rates are very low. This temporary money goes out in the same way as it comes as world markets change very rapidly as per changing world market conditions. This flow out of dollars from India in future shall put lot of pressure on Indian Rupee & it shall depreciate further & also very fast as Indian Government is not having any concrete plans to stop it’s depreciation.

India’s population is so much that in the coming years, more & more younger class shall be having their own family. This younger class shall be using more & more imported goods from China, Europe, USA etc. countries, which shall increase imports like anything. This shall increase the Current Account Deficit (CAD) badly, which shall lead to depreciation of Indian Rupee very fast. Also many Indian companies are having huge debt in dollars terms & it’s payment shall also put lot of pressure on the depreciation of Indian Rupee. 

Indian Government / Reserve Bank of India (RBI) is also a great buyer of US $ / dollars to increase it’s foreign exchange reserves & it shall also put lot of pressure on Indian Rupee which shall lead to depreciation of Indian Rupee. As Indian Government is not having any concrete policies / plans by which Indian exports can be increased substantially & can contain the rising Current Account Deficit (CAD), so all of the above said factors shall lead Indian Rupee to slide down to Rs. 100 vs 1 US $ in next coming years. Indian currency shall soon be on the path of Sri Lankan Rupee & Pakistani Rupee, which are quoting above Rs. 100 vs 1 US $.

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