Topic: How Indian Govt. cheated the whole nation (NewsFlash) (Read 734 times)

You have a full member account and still not having a clue on what you are talking about, hope you understand what it means by a decentralized structure which means you do not need a central authority to control things, since you like centralization too much you might be happy with that structure, what is wrong in having full control of your money in your own hands rather than trusting a third person  .

This is the problem with the people, they just forget things that easily and so is the reason the political professionals are taking advantage of that loop hole  , many people supported the demonetization in the initial stages just because they really had no idea how big of a mess this would turn out to be and the government has not taken any precaution to contain the situation, there was a mess up while printing the currencies and people had to wait in queues to get their money from banks and each and every single individual felt the hardship because of the amateurish decision and have you heard about the demonetization in the same vigor from the BJP government after that, they will not, because they very well know that it was a failed attempt and many had to close down their businesses because of that move and the loss was really huge.

Many people supported demonetization but just before the cameras as if they don't support that, it would make them look guilty. In my place, all Gujaratis were supporting BJP and then when notes got banned, they gave up. They were the ones buying 500-1000 notes at 50% discount and Ebay was filled with orders. Now again I can see the same people supporting him and hence dissing cryptos. I am sure most of them would have converted their cash into cryptos but now most are left stranded as RBI has restricted it. Now things have become so bad that riots are taking place during elections and all this is because of both the parties.

Due to BJP offering subsidy and medicines at half price, people are supporting him but yeh sab moh maya hai.

All thread must be created as self moderated until we get a mod for India sub forum

I blame Cloudbet for this kind of shitty unrelated copy paste plagiarized post that's getting posted in the local boards these days, especially in the Indian subboards. Top that with the fact that there is no one to handle Indian board reports because Benson has been removed from the post for quite some time.

Indian Think Tank Launches Pilot to Issue Certificates on Blockchain

The Government of India has finally launched a solution to counter the issue of academic certificate counterfeit issue for a while. Niti Aayog, the policy think tank headed by the Government of India signed an Statement of Intent (SoI) agreement with Auxesis Group, an Indian blockchain infrastructure company in February last year.

Auxesis on Wednesday announced the launch of a full-blown certificate management solution, Certify, for Indian Universities to issue their degrees on blockchain. Chandan Chowdhury, Associate Dean, Indian School of Business said, “Counterfeiting of university certificates is a global problem. Increasingly this is becoming a big issue also in our country. Certify, as a full stack blockchain solution, offers a compelling resolution to certificate forgery problem. I also liked the DApp frontend layer which provides an intuitive way of issuing as well as verifying these certificates.”

Certify ensures easy issuance of blockchain certificates with low cost and high reliability. The verification app enables corporate recruiters to verify a candidate’s university and degree within seconds where earlier it used to take over weeks. Students can also store and share their certificates to their prospective employers or other recipients via the Certify Vault app in an easy and secure way.

A source familiar with this development had said, “The pilot trials will begin soon and once that is successfully completed, the full-scale implementation will start. The plan is to start issuing digital certificates on the blockchain (IndiaChain) from the 2019 batch onwards.”

Usually fake degrees and certificates are a problem for prospective recruiters and job consultancies in India. Companies that are scouting for fresh talent end up spending huge amount of money determining the veracity of a degree. According to some reports, fake degrees that are hard to discern with a naked eye can cost upto Rs 2000 (which is $30).

https://www.crypto-news.in/news/indian-think-tank-launches-pilot-issue-certificates-blockchain/

In fact, the current judicial system is bought out by BJP money. Don't forget that the situation got so bad that SC judges had to conduct a press conference to confront the corruption brought forward by the senior most of the Chief Justices.

Read more here : https://www.theatlantic.com/international/archive/2019/04/india-supreme-court-corruption/587152/

How did you think Aadhar case got through? The judge murder case? The Rafael case? The Malaya case?

The article is supported by relevant data and figures.Even if it was sponsored,it is not false

I don't think a lot of people supported demonitization as such - they supported action against black money and the government initially misled people into believing that demonetization would really work against black money.  As far as mixing religion with politics is concerned, I don't think any political party can claim to be holier than thou in this case - they all incorporate caste, religion or region into their policies.

As far as your wish that Bitcoin was legal tender at that time is concerned, I don't think Bitcoin is legal tender anywhere in this world. Legal tender is of limited relevance in any case - it only means that you can use it to officially retire debts.

What ever the case may be, one thing is certain, many small sector businesses have to close their doors and many lost their jobs because of demonetization and there is no job opportunities being created and more jobs are lost during those period and may be these studies are funded by the opposition but the fact remains and the surging price of petrol when the global rates are really low dented the pocket of middle class families and the arrogance in which they approach when asked about the common peoples problem and instead of sorting out the issues they talk about religion and how to evaluate people according to religious beliefs which is really irrelevant, we cannot blame anyone here as the ruling party always projected religion and people voted for them and if they masses find it charming they will vote for them again  .

Please read the below link,

https://www.indiatoday.in/india/story/50-lakh-men-lost-jobs-between-2016-18-azim-premji-university-report-1503857-2019-04-17

Do you think this study report was funded by the opposition? I am not putting my opinion here but leaving it up to individual wisdom!

You say it has affected various sectors badly and then you go on to list Banking. Demonetisation didn't affect banking negatively but positively by bringing another huge swathe of population into the banked category. It also helped the liquidity issue in one stroke without the need ti devakue the currency by "printing" more money.

Next you talk about medical. Sure it hit those hospitals that make millions by cash transactions. Real estate is another such sector. Look how real estate prices dropped as it became difficult to trade in "cash" and inflate land value.
People support DeMo because of these positive effects including bringing more people into the taxation fold. Short term pains for long term gains.

You said you have personal experiencd to share about the pains of DeMo. It'd be great if you can share the details if its not a privacy issue for you.

I concur. I experienced worst days in my life at the time of demonetization. It has affected various sectors badly including banking, agriculture, medical, etc and I wonder why so many people still support demonetization. Moreover, this government mixed religion with politics.

I really wished if Bitcoin were a legal tender at that time. We need something like this as a payment method if the government is biased to corporates.

You are right about the political machinations that lead Jinnah losing prominence in INC. It was differences of political methods between Jinnah and Gandhi-followers. Jinnah's approach was the sophisticated, anglophile one of securing "political concessions" within the fold of British and gradual independence. Gandhi on the other hand proved to be politically much more cunning and in touch with the Indian masses as he touched a cord with his "going back to roots" philosophy. This is what truly made it a mass movement as the faithful, poor masses submitted themselves to the bhajan singing Mahatma.

We cannot blame anyone particularly for the religious polarization though. It was fanned by the British and both Hindu and Muslim leaders played in their hands. As history would have it, Jinnah himself became the catalyst as he put up his demand for a separate nation and choosing to use faith as the motivation to rally Muslims (probably taking a leaf from Gandhi's book).

Sure Pre-nehru era had its fault .Yet, i am talking about the way that not just politics but more importantly, bureaucracy and general public life fell to sycophancy and opportunism once the prodigious daughter came into her own. She was the one who committed the original sins in Judiciary (Appointment of A N Ray as CJI bypassing the senior most bench judges), declared Emergency. This solidified the thought process that you can have your own way if you have enough political power or know the right people.

Politics maybe a cesspool of corruption but this constant refrain against politics has not helped us so I just wish to point out the positives.  The majority will always be corrupt and suffer from moral degradation but it is always that one man or that small group of person chipping against oppression and injustice that deliver change. Gandhi, MLK Jr, Nelso Mandela, were all drops in the ocean.. So we should also focus on them rather than the collective..

I agree wholeheartedly, I always used to wonder why is there so much competition to serve the nation. The term politics have been vulgarized so much that when we hear it, all we can think of if fights, hatred and mutual rancor. No two parties can sit and look at each other.

This is quite obvious, the drive behind all these millions of people joining politics as "full time", is purely selfish. Self-aggrandizement, prosperity to their family and whoever joins side with them. It is no doubt that the system is corrupt. But, I have high hopes about the future generations i.e. who are around 15-25 right now. They seem to have much more open mind, acceptance and a sense of brotherhood - much more than what we are seeing now, only if they don't get corrupt with the company of their "wise" mentors.

Hope you have an idea about how many political parties are there in India according to the election commission of India, there are 1841 registered parties in India and do you have any idea how many take politics as a profession and you could point out a few in a sector where millions are into politics, that is an outstanding find though   . What i was trying to tell is that, there might be a few people in an ocean that are pure to their heart on what they do, but the majority are corrupt and only when the majority is true to what they do, you wont see any change.

Since you blamed that only the post Nehru era is opportunistic i would like to mention why the split happened between Pakistan and India, Jinnah was a prominent leader during the pre independence era and he was the top leaders in INC and we all know what happened when Jinnah was arrested by the British, there was an entire shift in politics with religious polarization being the topic on who will head the movement forward and those factions led to the split. If not for the opportunistic shift in power in the name of religious polarization there is no way that would happen in my opinion.

PS: I am not into any political affiliation but stated what i read from historical data which is available.

Not everyone does that. It is a common refrain for the middle class that "All politicians are corrupt" because we know that we don't have it in ourselves to believe an ideal to an extent that you commit your whole life to it.
Look at politicians like the Late Mr. Manohar Parikkar, Vajpayee, even those hated for thier ideologies like Advani and Yogi Aditynath. These people atleast believe in something and actually spent their lives in pursuit of those ideals. Its too bad that I am taking exclusively BJP names. Other parties have had their fair share of non-corrupt ideologues like Pranab Mukherjee, Jairam Ramesh etc.

These are people who had much better things to do as technocrats and engineers but instead chose to devote life to politics. That does mean something i think.

The truth is everyone see politics as a business and an area in which you can make a lot of money and that is where corruption comes in and there is nothing that can be done against it, if we check their total asset when they first came to politics and the amount of wealth they accumulated after entering politics, you will be astonished by the total asset they accumulated in the name of serving people and yet the common citizen is suffering.

The death of Shastriji is what led to INC getting split, the Kamaraj faction losing out==>South Indians losing their intellectual role in INC (One of the biggest losses to our country if you ask me, just see the kind of visionaries South India could have given Congress), Indira Gandhi coming to power and establishing the "Congress High-command" system (Read about how she used to change CMs in Congree ruled states at her whims).

When the K. Kamaraj faction was kicked out; politics, bureaucracy and whole Indian polity was left open to the scourge of sycophancy and corruption. Indian bureaucrats in Pre-Independence and up unitl Nehru era used to be men of honor with a firm belief in the Indian identity and the need to take all people together for socio-economic reform. This was replaced by an the opportunistic/ despotic approach of Indira Gandhi who just tried too hard to fill her father's shoes. (Read about how even international media thought that "Who after Nehru?". Indira was nowhere in the running. All her blunders can be ascribed to her desperation to measure up to the expectations of a renowned father). It was Shastriji's death and Indira's taking over that led to the complete degradation of moral fiber in our politics. (Lets not even talk about how her favorite son Sanjay Gandhi was a bully and anarchist and how she declared emergency and corrupted the soul of India).

Don't believe what I say because its just a perspective. Read what the sycophant-in-chief Ramchandra Guha says about Indira's times in his book (India after Gandhi). You may have to read a bit between the lines while keeping yourself open to the idea that not all right-wing revolutionaries of India were religious fanatics (The way it has been portrayed in front of the common Indian in media for decades).

It is easy to say that it "didn't effect the common man". These are in fact the events that led our country into the divisive state that we are in today. We were made to doubt our own society and history.

I completely agree that demonetization was a fiasco, though i don't believe any conspiracy theories behind it. It was the typical Modi-style of sudden, spectacular moves. Agree about Jio but I don't see BSNL as the victim here. Airtel/ Vodafone/ Idea are what suffered the most.


BSNL being in the dilapidated state it is in today is not because of Jio. They have mismanaged their affairs for decades now because of the limitations of being a PSU (Sarkari workforce). You only need to see the CAG report on BSNL for that.

CAG RAPS BSNL. MTNL. This is in 2013, not because of DeMo..
BSNL gave undue favors to vendors.


I am more than happy to discuss this here. At least it won't go down to the level of whatsapp university and Facebook debate..LOL (from both sides, left-liberal and conservatives). I am all for an unbiased probe into such allegations of scam. It should be done to clear the intentions and history.

One on hand we have whales who can buy out an entire city, The amount of hoarding of wealth is insane. Govt. and bank's give these people every kind of support and feed on them. One the other hand we have common man working on daily wages and paying most of his money for educational and other loans, who is threatened by the same govt and banks if he misses a few installments.

The whole idea behind this post (whether the news was true or not), is that we need a transparent/trust-less system like BTC

Govt spreads wrong awareness that BTC and other crypto is an aid to money laundering/terrorist funding etc, which is pure horseshit. Everyone knows how dark market vendors and other illegal parties using crypto for payment get busted from time to time.

Correct! It's open for both sides. All governments of India had the resource to manipulate things but did it effect us? The Death of Shastri or the relation of Indira Gandhi didn't effect the common mass in big way! Our daily life remained the same!

During previous government also there were various scams and the same is happening during the current government as well. But the current government is directly affecting common mass. Due to demonetization, millions of people lost their jobs. Thousands of small companies got closed down while the majority of the benefits were passed to certain big conglomerates. Take example of BSNL and JIO - a government run telecom provider doesn't have access to 4G spectrum while a private company is making billions in profit with the same spectrum. BSNL is now not able pay their full time employees and delaying the salary since last 2 months! That's where common mass is getting affected.

If we want to, the can of worms will be opened from both sides! But that's really not the intention of this thread for sure, so I will stop here. I still believe, demonetization is the biggest scam in Indian history which should be probed by an independent authority once the current rulling party goes out of power!

Avikz, I don't think the intention of the post was to diss BJP but just to emphasize that Govts (All Govts, whether Congress or BJP) have enough resources to manipulate things in a way that your money loses its value instantly.

As far as the politics is concerned, it is not possible to establish the credibility of such reports. You continue the conspiracy mindset about Pulwama attack. For conspiracy theorists, everything is a hoax. If this finds credibility with you then what about the disappearance act of Netaji Subhash? What about the mysterious death of Prime Minister Shastri? What about Indira Gandhi having a relationship with her yoga teacher. (Khushwant Singh wrote a book about these conspiracy events in Nehru and Indira's life "Burial at Sea").

You see, if you start fanning conspiracy theories for politics sake, then its open to both sides and pure anarchy.

The forces have been fighting tough battles in Kashmir. Pulwama was an extreme, retaliatory attack that we should never allow a repeat of.

Thank you for bringing this up! However I fear that the post will be deleted soon because whenever I write anything against BJP, some people used to report the post as offensive and mod used to delete that!

Demonetization is indeed the biggest scam in India history! India has seen many scams before as well, but not at this scale! A lot of poeple lost their jobs because small companies from unorganized sector closed down. I am one of the victims of demonetization and had to struggle financially for 4 months before I get a new job!

And let me tell you, this Pulwama attack is also a scam! Who do you think is the biggest beneficiary after this? There are lot of other open questions, but no one including me dares to ask!

The Government most likely won't accept Bitcoins as it increases chances of money laundering but they may introduce a crypto coin of their own but that's also going to take years. We can see now how they are delaying the Crypto bank ban case too.

1. This post has nothing to do with Bitcoin so why on Bitcointalk?
2. So you are believing the words of the political party which was removed from power back in 2014 mainly due to scam accusations! Funny and weird!
3. Indian rupee in terms of USD doesn't fall as much as we thought it would after demonetization so demonetization didn't have much significant impact on Indian local economy comparing to Global Economy. If local economy is going strong then I don't think there was much of the scam involved in transition of money back in 2016.

I am no way inclined to any parties man, as you said "every party is ultimately corrupt as every other", all just want power to exploit and aggrandize for themselves. I was emphasizing more on the need for crypto such as BTC..so that these banks along with govt. run by giant corporate dipshits cannot torture the people and mess with our financial freedom.

All such news articles are being released now and both the parties are accusing each other. We don't know who is telling the truth and who is lying. BJP says Congress is playing divide and rule and Congress says BJP is a scam Government but in reality, both are corrupt. This country is suffering between two corrupt parties.

https://twitter.com/incindialive

A series of tweets where posted by @INCLIVE (The Official Account for Updates on Press Conferences and Live Events at Indian National Congress) accusing BJP and Prime Minister Modi's national demonetization as the biggest scam in Indian history. News report which showed up in Mathrubhumi's website is the only report I could find.

The report said how Modi govt. abused their power to bring about such a scam. Many govt. officials where in this including RBI. They used Reliance Jio database to distort

English translation of report from : Mathrubhumi


This is why we need BTC