INDIAN GOVERNMENT & REGULATORS WAKE UP!!!

When I was a kid, following was prevalent, and at that time Mr. Nehru was the P.M. “lala jisney jitney jyada diwale nikaaley, wahi sabsey bada lala”, meaning that more bankruptcy filed by a person, more financially stronger that person he was. Later, after liberalization, I heard, that a person who had faced more income tax raids was more financially sound.

What’s your opinion on the above?

I also have a hunch that the world economy is controlled by FEW BIG, (whoever they are, wherever they are ?) and on this premise of mine, it is intriguing to me that AMERICA is coming out for bailout packages, and that too for large players. Bailout of banks and insurance companies is understandable, but not for automakers like G.M. or Ford, what could be the reasons ?

Further, in India also, I see certain contradictions, which are as follows :

1. That usually the inflation data was issued on Fridays, then it was preponed to Thursdays and at about 12 Noon, and at that time also, the stock market behaviour was abnormal? I do not remember exactly. But on this Thursday (i.e. 08.11.08), it was on media that the data would be released at 3.00 p.m., which made me suspicious that something was amiss and later media reports confirmed that the sagging stock market had turned its course due to buying by insurance companies, then came the inflation data at 3.00 p.m., and the market again began to fall and lo ! FIIS sold above 500 crores on that day.

Looking to the above following questions arise :
a. What were the reason for preponing the inflation data earlier ?
b. Why did the Insurance companies start buying after this news ?
c. Were the insurance companies were in the know of that which was unknown to the masses?
d. How come, that FIIS sold to the tune of 500 crors or more on that day ?
e. Is the Government or the BABUs in connivance with FIIs ?

2. That a bank has to be bankable, but is it so in case of ICICI bank, and as far as foreign banks are concerned, is RBI and the Government sleeping ? Following questions also arise, as my mail to RBI has been unheaded :
a. That ICICI bank, suddenly changed its rule for saving bank account and started deducting Rs. 750/= per quarter, if the minimum balance was less than Rs. 10,000/=, even if a person had opened an account when the minimum balance requirement was Rs. 5000/= . Is it ethical, legal and expected of honourable organizations?

b. That for a common man, bank is place to keep his savings, which are helpful to him in times of his need and also otherwise, helpful to the society for his savings are meant to be chanellised for more productive purposes of the society, is it not true ?

c. That, is ICICI bank not liable for fraud and punishable under the provisions of IPC, for their actions prima facie appear to be with intention to defraud, otherwise, they would have, if the depositor’s account , was not fruitful or suiting them, they should have returned his money, with a regret letter.

d. Today, I received a phone call from ICICI Bank, and the lady was trying to inform me of some scheme, I raised the above questions, asking her to communicate the same to top management, in between her response was that it was the rule for saving bank account, so is it a BANK or a CLUB ?
My response was bank should be bankable and should not turn into a CLUB. Am I correct ?

e. As we are in turbulent times, I urge all the serious borders, to take up this matter seriously, and those who can manage, even file a PIL in the Hon’ble S.C.