Rahul Mehta Gandhinagar LsCandidate

The profits made by Japanese Bullet Train companies will be in rupees and not dollars as they cant/dont generate exports, And GoI will have to pay them in dollars !! IOW, FDI in railways is a disaster. Also, WTO doesnt require FDI in railways. Then why are NaMo = Sonia = AK = BJP = Congress = AAP = RSS = BST supporting FDi in railways? And whats the solution?
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When NaMo-vaadies , Congress-bhagats, RSS-workers, BST-workers and AK-bhagats support FDI in railways and FDI in general, they DO NOT tell a basic fact that in FDI, when a company wants to take profits back home, the RBI = GoI has give them dollars, and if dollars run out, then it can be a financial earthquake of royal magnitude. And it can force India to sell all its land, minerals etc etc.
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Now when a Japanese company invests in railway sector, all its revenues will be in rupees. So its profits will be also in dollars. And most companies will ask for guaranteed profits, and will work ONLY on good routes like Mumbai-Ahmedabad etc. That is expected. You can expect any private company, be Indian or Foreign, to work like a charity. Now that company will ask for repatriation of profits and capitals gains in dollars. So where will GoI get dollars from? That company did NOT and could NOT have done any exports and obtained dollars. So FDI in railways will create a massive shortages of dollars, unless there is some Modi-wand that I am missing to see, We recallists are the ONLY activists informing fellow activists and Indian voters about this coming mess.
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Now when these FACTS are told, to NaMo-bhagats , for 10 minutes they shout "har har NaMo , ghar ghar NaMo" as if slogan shouting will bring dollars !! Same with AK fans . They will support FDI in railways and then shout "hamein chahiye swaraj" as if that slogan will get us dollars. And when this slogan shouting ends, they blame us recallists for --- whatever.
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Besides, do we need even one dollar of FDI in railways? NO. India is miles behind in technology. But using Jury System, wealth tax, RTR etc, we can develop all railways technology in five to at most 10 years..
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And even during that time, using existing technology, a lot can be achieved. eg We can put extra tracks and have more trains, and have more fast and non-stop trains which will fetch more revenues.
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eg1. we have 140 kmhr trains with all Indian technology. So If we put 2 more tracks between Mumbai-Ahmedabad, then a train route of Ahmedabad - Surat - Borivali - Bombay Central can finish 492 km distance in 4 hours and 30 minutes, including 20 minutes stop at Surat and 10 minutes at Borivali.
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eg2 with extra tracks between ahmedabad-delhi, ahmedabad-jaipur-jodhpur-delhi 940 km can be covered in 9 hours.

eg3 The doors of non-stop train can be twice the width so that passangers can exit and enter at faster rate which will reduce wait time.
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eg4. On each station, the number of platforms can be increased so that wait time of trains decreases. Also, some tracks can have platforms on BOTH sides, so that existing passangers can use one side and entering passangers can use the other side, and that will reduce the time train has to stop. In such trains, the fare can be higher amd there are people willing to pay more for less time.
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eg5 . Reduce number of passengers who dont take tickets !!! Any estimates on that?
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IOW, using existing technology and only local investments, many steps can be taken to reduce wait time as well as reduce total time, by adding more tracks and more platforms. This doesnt need foreign technology and needs no FDI.
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But NaMo = Sonia = AK = NaMo-bhagats = Sonia-bhagats = AK-bhagats = RSS-workers = BST-workers are hell bent on FDI in railways. Why? The reality is NOT railways -- it is shortgae of dollars. We have $300 billion dollar reserves. But one-year debt aka short term debt is about $95 including interests. So at the year end, unless we take more debt or FDI, the reserves will be only $200 billion. And annual trade deficit is around $140 billion. So at the year end, if no more debt, and no FDI comes, we will have only about $300 billion - $140 billion - $ 90 billion = $70 billion left, And that will be taken within next 5 months of debt repayments and trade !!
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And why did this shortage occurred despite huge remittances from NRIs? Because the Ministers took bribes from foreign companies and liberalized imports of car (be BMW or Merc), and also killed public transport, Due to death of public transport, more and more people were resorted to card, 2 wheelers etc and so petrol consumption and imports shot up. And so trade deficits increased, which took away all the dollars which had come due to remittance of NRIs !!
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And another elephant in the room is --- dollar loans taken by Indian corporates and insured by Govt of India or PSU banks !! I dont have exact estimates, but it is about $ 60 billion !!
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And WTO does NOT require GoI to allow FDI in railways. WTO deals with goods and services ONLY, There is NO chapter in WTO on infrastructure, be roads or railways , and no chapter on defence either. And in case, we should exit from WTO. But lets keep it aside.
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REAL REASON ------ So the REAL REASON why FDI is allowed in everything and particularly railways is cover the shortage of dollars. Also, many Ministers want bribes in dollars. Many paidmedia channels also want payments in dollars. Many TV-channels-owners are openly threatening BJP, that "give us payments , and that too payments in dollars, or else we will make AK a hero and cut your BJP votes !!". So Ministers as well as GoI are feeling severe shortages of dollars, and so they are promoting FDI in railways and everything.
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All in all, FDI is less bad ONLY if FDI generates exports. An FDI which doesnt generate export will ONLY create dollar liability trap. And railways FDI is of worst kind, as it will generate zero exports and by nature it is monopoly and so guaranteed profits, So there will be guaranteed exodus of dollars due to FDI in railways. So FDI in railways is allowed ONLY because of looming forex crunch, and forex crunch is because GoI allowed mindless exports of luxeries by lower custom duties and also didnt work to make RTR, JurySys, wealth tax etc needed to decrease inefficiencies of Indian factory owners.
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SOLUTION : Solutions I propose are to
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(a) print law-draft that companies can take dollars back ONLY via exports of manufactured goods .Exports of gold, silver, copper etc will be banned. .
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(b) Also impose 300% custom duty on import of MANUFACTURED items (not gold etc) , and 1/3rd of which will be DIRECTLY deposited in citizens account.
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(c) This with Right to Recall customs chairman and Jury System over those accused of smugglers will reduce smuggling,
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(d) print TCP draft so that above drafts can br printed in Gazzette.
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And above all, we have to reduce inefficiency of factory owner. And that can be by JurySys, RTR, wealth tax, DDMRCAM, TCP etc
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So I will request concerned citizens to work on above law-drafts, and NOT waste time with AAPians, NaMo-Bhagats, Sonia-bhagats, BST-workers and RSS-workers. Please work with Right to Recall Group activists to bring above mentioned law-drafts in the gazette.
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