July 7, 2015
https://www.facebook.com/mehtarahulc/posts/10152897132426922
https://www.facebook.com/mehtarahulc/posts/10152897132426922
Why Greece like crisis can happen in India even though debt on India is lesser --- because of repatriation liability FDI creates.
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Solution ---- activists should ask voters to send orders to MPs via SMS to print law-drafts that would reduce profitability of FDI companies and India's dependence on FDI
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Greece dire condition is because they too a huge debt in foreign currency. Greece had taken debt in Euro and Greece cant print Euro on its own, and so for all practical purposes, Euroe is foreign currency for Greece. And Greece Govt could not get dollars to pay interest and so crisis came.
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USA's foreign debt is huge, but USA's foreign debt is all in dollars. So USA can print dollars any day and repay and there will no default. The debt givers will lose all their wealth. USA will not face any damage.
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Now India has huge foreign debt. But forex-debt / GDP ratio of India is below 15% , much much below Greece's forex-debt / GDP ratio of some 120% .So situation is not apple-apple comparable.
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But if we factor in FDI , and repatriation liability FDI causes, and also factor in that per-capita income of India is much much less, then situation of India is not far better than Greece.
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What is repatriation liability. I have written several status on it, Facebook doesnt have good search , and I am making a log of ALL of my status posts in one PDF file. Till that happens, please click "follow" on my profile. So when PDF file containing all my status posts is put, you can search on word "repatriation" and read my status posts explaining repatriation and how repatriation liability can cause crisis.
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SOLUTION?
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SoMOke are all gung ho about FDI. SoMoKe have no economic model other than FDI , FDI and more FDI and then more and more and more FDI. IOW, all three leaders are taking India deeper and deeper into repatriation crisis FDI can cause.
.
Solution is that we activists should demp SoMoKe and their andhbhagats , and we activists should ask voters to print law-drafts that can reduce
.
1. Profits foreign companies make in India
.
2. Use dependence on FDI.
.
One way to reduce profits of FDI companies in India is to print WOIC law-draft. The law-draft will require all companies to write % foreign ownership on all their products. For details on WOIC , pls search on WOIC inhttp://rahulmehta.com/301.htm .
.
Depence on FDI can be reduced by decreasing inefficiencies of Indian factory / business owners. How? This can be done by law-drafts like JurySys, RTR-judges, RTR-police-chiefs, RTR-Ministers, RTR-CM , RTR-PM, wealth tax, remove GST / VAT / excise etc , TCP .
.
.
Solution ---- activists should ask voters to send orders to MPs via SMS to print law-drafts that would reduce profitability of FDI companies and India's dependence on FDI
.
Greece dire condition is because they too a huge debt in foreign currency. Greece had taken debt in Euro and Greece cant print Euro on its own, and so for all practical purposes, Euroe is foreign currency for Greece. And Greece Govt could not get dollars to pay interest and so crisis came.
.
USA's foreign debt is huge, but USA's foreign debt is all in dollars. So USA can print dollars any day and repay and there will no default. The debt givers will lose all their wealth. USA will not face any damage.
.
Now India has huge foreign debt. But forex-debt / GDP ratio of India is below 15% , much much below Greece's forex-debt / GDP ratio of some 120% .So situation is not apple-apple comparable.
.
But if we factor in FDI , and repatriation liability FDI causes, and also factor in that per-capita income of India is much much less, then situation of India is not far better than Greece.
.
What is repatriation liability. I have written several status on it, Facebook doesnt have good search , and I am making a log of ALL of my status posts in one PDF file. Till that happens, please click "follow" on my profile. So when PDF file containing all my status posts is put, you can search on word "repatriation" and read my status posts explaining repatriation and how repatriation liability can cause crisis.
.
SOLUTION?
.
SoMOke are all gung ho about FDI. SoMoKe have no economic model other than FDI , FDI and more FDI and then more and more and more FDI. IOW, all three leaders are taking India deeper and deeper into repatriation crisis FDI can cause.
.
Solution is that we activists should demp SoMoKe and their andhbhagats , and we activists should ask voters to print law-drafts that can reduce
.
1. Profits foreign companies make in India
.
2. Use dependence on FDI.
.
One way to reduce profits of FDI companies in India is to print WOIC law-draft. The law-draft will require all companies to write % foreign ownership on all their products. For details on WOIC , pls search on WOIC inhttp://rahulmehta.com/301.htm .
.
Depence on FDI can be reduced by decreasing inefficiencies of Indian factory / business owners. How? This can be done by law-drafts like JurySys, RTR-judges, RTR-police-chiefs, RTR-Ministers, RTR-CM , RTR-PM, wealth tax, remove GST / VAT / excise etc , TCP .
.
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