Rahul Mehta Gandhinagar LsCandidate

Many RSS-workers and BST-workers, along withh AAP\Congress workers make following FAKE argument in favor of FDI - Money is coming (paisaa sirf aa raha he), so why do you oppose? Answer is : like debt in FDI , Govt = Nation is giving COMMITMENT to repay dollars when investor wants to take out profits and capital !!! So an investment in rupee is free of commitment , while in FDI govt has to give "commitment" which can prove fatal in future. SOLUTION? See last para.
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A debt is something which has commitment to repay. An investment is something where govt or nation or NO ONE gives any commitment --- the investor is on his own whether he loses or gains. But FDI is interesting cross-breed. When an investor brings say $ 1 billion = say Rs 6000 crore into India, the Govt is giving commitment to repay $1 billion PLUS profits in dollars when the investor gives whole or part of capital + profits back to govt in future. At that time, prevailing exchange rate can be different. But the commitment to repay dollar is there. So FDI is NOT like other investment where Govt does NOT give any commitment to repay or exchange.
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Example say a person from Mumbai invests in say Delhi. Then Delhi Govt doesnt give him any commitment to repay anything.. But in FDI, there is commitment to repay dollars.
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This commitment has been fatal in past, and can be fatal in times to come. The commitment becomes fatal when Govt simply doenst have dollars to repay. eg Today, FDI is $360 billion = Rs 360 * 6000 crore = about Rs 21 lakh crores, and debt is $300 billion = Rs 300 * 6000 crore = Rs 18 lakh crores, whole dollars GoI has are only $300 billion = Rs 18 lakh crores. So if foreign investors decide to sell away their capital, and ask for redemption, Govt may not have enough dollars to repay. This will create serious dollar crunch , fall of rupee, rise of all imported goods inclduing petrol and can collapse economy.
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.All in all,the pro-FDI people such as BST-workers and RSS-workers, are now openly hiding the FACT that FDI has implicit commitment of repaying the dollars. The RSS-workers and BST-workers project FDI as "money with no commitment or burden on nation or Govt".. They are peddling these lies for reasons they only know. AAP\Congress workers have been pro-FDI since beginning. Both are FDI themselves. Now they have company --- RSS-workers and BST-workers.
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SOLUTION : we need to enact law-draft which will allow citizens of India to have OFFICIAL accounts in dollars , and they must report it to Income Tax dept. The account will be in recognized US banks and will be operated in India via SBI. Now any foreign investors who comes can obtain rupees from these private persons. And when they wish to exit, they will need to obtain dollars from these private persons as well. The Govt or RBI will have no commitment to repay dollars to them.In additions, foreigners will be banned from certain industries. They can operate in the rest.
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This will create a level field between foreigners and Indians.
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.Now this only solves the problem of managing forex. The core problem is ---- our factories are very inefficient compared to American or even Chinese factories. Till we fix that problem, the problem of foreign domination, economic and then via Military, remains. For that, solutions are TCP, DDMRCAM, = MRCM, JurySys, RTR, Wealth tax, Inheritance tax etc etc.
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For whether it is correct understanding of FDI, or solutions\alternatives to FDI, please dont waste time with RSS-workers, BST-workers, AAP-workers and Congress-workers. AAP\Congress are FDI themselves -- one was brought by British in 1880s and latter was bt Ford Foundation. in apr-2011. And BST\RSS-workers aere formerly NaMo-andhbhagats and now they are also FDI-andhbhagats. If you are Swadeshi, you will only end up wasting your time by taking to them,. Instead, please join Right to Recall Group. We are the ONLY activists working for law-drafts to improve India without FDI.
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And folks reason I wrote against RSS-workers and BST-worlers is NOT to taunt them with hope that they will become Swadesbi, but because so that OTHER activists dont waste time talking to them. If Rajiv Dixitjee could NOT make BST-workers oppose Mauritius route, who am I to convince them. They are besharam people and tauting will NOT work on them and that is NOT my goal. My goal is ONLY to ensure that a true Swadeshi doesnt end up wasting his time with RSS-workers and BST-workers, and thats the only reason I am writing against them.