Monday, December 08, 2014

Chicken tikka masala and Section 124A.

To understand how our politicians have taken over from the British as our rulers we need to see how they have allowed repressive laws enacted by the British to continue. Under ' Fundamental Rights ', our constitution seems to guarantee " right to freedom of speech and expression " but then restricts that right by adding that it cannot " affect the operation of any existing law, or prevent the state from making any law ". Thus, our freedom of speech is subservient to Section 124A of the IPC, which is a law on sedition, enacted by the British in 1870. How else would they stop the people from discussing the crimes committed by politicians? Jawaharlal Nehru joined the bar from the Inner Temple in London, as did MK Gandhi, while BR Ambedkar was called to the bar from Gray's Inn, also in London. Why did 3 barristers, who would have been familiar with British oppression, retain a law against sedition against the British monarch? Did they consider themselves superior to the people? While Section 124A was an existing law the Congress led government added Section 66A which makes it a crime to use a computer, which means on the internet, to send any information which is " grossly offensive " or " any annoyance, inconvenience......insult ". According to an analysis of affidavits filed by MPs about 34% have serious criminal charges against them. Surely reporting that is in itself an ' annoyance, inconvenience ' to them and maybe construed as ' grossly offensive ' to their exalted position as our rulers. To rule you need money. Which is why the 1999 law on insurance is based on the Insurance Act 1938, which was one year before World War II started, so that the British were badly in need of money. The other is the Statutory Liquidity Ratio which mandates that banks must maintain a portion of their funds in gold, cash or government securities. This is presently at 22%. Rs 5.1 trillion of life insurance premiums are invested in central government securities while Rs 10 trillion are invested in " state government and approved instruments ". Quite a few of the state governments are bankrupt. Commissions for the first year can be as high as 120% of the premium which encourages agents to lie about the benefits to increase sales. Returns are a meager 2-4% over 10-15 years, which is why half the customers allow their policies to lapse after one year and three-fourths lapse within 5 years, losing all their money. Customers lost a total of Rs 1.5 trillion over 7 years to 2012. Thank the Brits for single malt Scotch, chicken tikka masala and 124A.

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