Betrayal can be economic.

Just a couple of months back pundits are arguing about whether the Indian economy would grow by 7.13% or 6.97% but there was no doubt that it would continue to grow because " the fundamentals " were strong. Now the chatter is about whether the rupee is going to fall to 65 or 67 or all the way to 70 to the dollar. While we acknowledge their deep knowledge of economics do they not see what is happening in other countries? The rupee is falling because the Congress has been spending vast sums of money on social schemes to buy votes, on the one hand, and stealing enormous amounts of money, on the other, instead of spending anything on infrastructure. We are having to buy coal from abroad when we are sitting on 250 billion tonnes of coal because mines were awarded to family and friends. A Parliamentary Committee report said that out of 160 captive coal blocks awarded between 2004 and 2008 only 2 have started production. After the CAG report found a notional loss of Rs 1.70 trillion in allocations of coal blocks the CBI was entrusted with investigating, what has come to be known as, the Coalgate scam. The CBI now says that important files have gone missing especially 5 crucial files related to allotment of coal blocks between 2006 and 2009. TOI, 18 August. This is nothing new in India. In the case of Adarsh scam there was a fire in the Matralaya in Mumbai. To protect the rupee the RBI has banned buying of property in any foreign country which has brought great joy because people will be forced to buy properties in India instead of buying abroad. Mint,17 August. So, even in the midst of an economic crisis these fellows are trying to protect their black money. Aren't they wonderful? However, there is nothing the RBI can do to stop the rupee from falling to 80 to the dollar. When the Federal Reserve in the US started its bond buying program Chairman, Ben Bernanke said that he will continue for as long as it takes but every time the RBI brings in a new measure to support the rupee these fellows scream that it is temporary. The whole world knows that the government is not serious about protecting the economy and its sole interest is in somehow patching things up so that it can waste more money on buying votes. They are planning to distribute tablet computers to high school students throughout India. Cost Rs 80 billion. HT, 19 August. This is purely economic betrayal.