Rahul Mehta Gandhinagar LsCandidate
FDI in any sector is worse than debt. Solution is to have gold based international trade. and allow foreigners to hold rupees inside and outside India if they wish.
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Dollar debt breaks a nation when time to repay in dollar comes. But at least debt is scheduled i.e. loan taker knows on which date he has to pay how many dollars in capital and interest. The loan giver cannot ask for immediate recovery of entire capital and interest in one day.
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Whereas in FDI , the MNC-owner who brings FDI can ask for immediate payment IN DOLLARS of his all capital plus profits back in dollars. I will give example. Say an MNC-owner brings FDI of $ 100 billion, Say he works for X years. Say suddenly one day, he decided to all his assets in India. The proceeds of sales will be = initial capital + accumulated profits - accumulated losses - payable taxes + capital appreciations - capital depreciations. He can take these rupees and demand DOLLARS back in one day. So if FDi bringers synchronize a massive pullout, then within few days, they can create extreme shortage of forex which can break nation in pieces.
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Now say FDI brings dont sell their capital, but they just demand complete repayment of (accumulated profits - accumulated loses - payable taxes) in dollars, Then that lone can create a huge shortage of dollars in India.
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SOLUTION : India should move to gold based international trade and also allow foreigners to keep rupees if they wish outside India, in accounted form. eg USA allows foreigners to keep dollars in accounted as well as unaccounted form.
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Please note that BJP = AAP = Congress leaders support FDI in ALL sectors except retail. The opposition in retail in ONLY to take focus away from the FACT that AAP = Congress = BJP leaders support FDI in ALL other sectors !! Essentially, opposition in FDI in retail is like lizard dropping tail to take the focus on predator away from lizard .
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BST workers too have decided to support FDi in all sectors except retail. BST has great leader but BST workers are biggest timepass and timewaste on Swadeshi issue. All they do is slogan shouting, and then they support NaMo's decisions of 100% FDI in everything and anything, and they misguide others by opposing FDI in retail.What can a good leader do when workers are all timepass people !! All in all, if you are pro-Swadeshi, then please dont waste your time in BST.
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We at Right to Recall Group are the ONLY activists in India working to get law-drafts printed which can reduce FDI, switch international trade to gold based. Please see chap-20 of rahulmehta . com \ 301.htm to decrease the hold of MNC-owners in India.
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