Enforcement Directorate and Income Tax sleuths, on the trail of former Jharkhand CM Madhu Koda, have hit a jackpot. They have uncovered details of transfer of at least $110 million (about Rs 550 crore) to a frontman in Dubai for overseas investments and acquisitions by Koda’s associates - For those uninitiated who don't know who Madhu Koda is, he was an Independant in the previous Jharkand Assembly and UPA propped him up as the CM, to topple the BJP. The guy ruled for 2 years and this is only a fraction of the money he looted. He got caught only because he was not part of the big parties. If an independant can make so much money in less than 2 years in one State, just imagine how much money various CM's and Ministers must be making all over the country and hushing it up using the political clout of their parent parties?
The International Monetary Fund announced on Monday the sale of 200 tonnes of gold worth 6.7 billion dollars to India's central bank to shore up IMF finances - Just about 18 years ago, the self same IMF forced India to sell its Gold to raise foreign exchange. How the world has changed? What this sale indicates is that IMF is broke and that is an extremely good sign. For far too long, IMF has been used a lever by the USA to shackle the economic policies of the Third World. The only thing going for USA is that they still consume the maximum in this world and the Asians concentrate on saving than spending. Once this scenario changes, the doom of the fiscally indisciplined USA can safely be predicted.
Air India pilots threatened to go on strike from evening of November 24 and served management a 14-day notice to meet their demands, including payment of all outstanding dues and bringing about a pay parity between AI and erstwhile IA pilots by November 10 - When will we close down AI, which is a national disgrace, destroys Brand India and reminds us of the horrors of the 70s and 80s?
