Rahul Mehta Gandhinagar LsCandidate

T, Gdrj, Bir, Am, Ad etc - Landlords or Industrialists? And are Missionaries landlords or Charitarians?
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(how profits of land were diverted into industries/charities to create ilssion of industry/charity).
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A landlord is someone whose most of the earnings and power in society derives from ownership of land, rents coming from land or sale and purchase of lands. While industralist is someone who creates real production and earns incomes from prodctions.
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The landlords in general have poor reputation in people, particularly educated middle classes. While industrialists are respected.
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The problem is --- once upon a time, land-ownerships of all individuals were defact known to all. eg everyone in village used to know how much land everyone else owns. And so it was difficult for a landlord to claim that his income is not from rents and is from industry,.
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Whereas today, under the garb of right to privacy, landownerships are treated like some national security secrets and not disclosed.
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Now Godrej via "charitable trusts" owns some 4000 acres in Mumbai alone !! How much is worth of these 4000 acres? At a throw away price of Rs 200,000 per sqm, it would be about Rs 3,20,000 crores !!! And thats what Godrej owns in Mumbai alone !! Add its land in Thane, Gujarat and whole of India --- it could be several times this amount.
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And T owns some 10-20 times more land than Godrej (not in Mumbai though --- Tata have sold most of the lands in Mumbai). And Missionaries own some 50-100 times more land than T. And Bir, Adi etc also own a huge amount of plots. T , Gdrj, Bir, Schindhia, Gaekwad (of Baroda) etc and Missionarfies got plots from British for assisting British in ruling India. And assisting British in controlling Congress , RSS and CPI all along !!! And many of these "industrialists" had network of khabaries that in total was more than khabaries that then Indian Police had !! And most of them remained loyal to British (and now Americans) even after freedom.
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So again, may be they owned land. But it is possible that their industries never benefited from plots they owned !! The industries made their profits from which they expanded
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Well, this is how most financial operations ran'
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(1) The land was sold as huge profits - the way landlord would do.
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(2) A portion of money obtained was used to buy land outside cities so that when cities grow, that land can be sold at higher price
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(3) A portion of land profits was diverted into their industries to increase its base, its volume and show a profit.
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And many times, nefarious land hoarding was in sync with so called NA permissions. T , G, Bir etc will sell their land in city at high prices. And then buy land outside city for cheap. The land outside city is cheap because there is NO NA permission , no roads etc. Moment T, G, Bir etc have bought say over 90% of city outskits' land, immidiately, town planning scheme will be put, NA pemissions will be given, roads and electric cables will be put and so price of that land will rise by 10 times to 100 times !!!
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Thats why when you look at their books, quiet often "other incomes" look large and covers the business losses,. And their income from land sales is almost zero !!! Thats because incomes from land sales, via several accounting entries were diverted and shows as "profits from running industry" !!!
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So why did T diverted the land sales' profits and showed as industry profits? Why not just show it as profits from land sales?
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Because if they had shown their incomes as profits from land hoarding, then reputation in society would decrease. The education class will rightly see them as leeches. So an illusion that "we are earning money by running industries" was needed. So a large number of industrial setups were run by merely hiring professional. IOW, professional are hired and given salary and land and place to work. The top keeps the control, but doesnt add any value. The top in fact is losing money. Say it earns Rs 100 crore by selling plots. Then it diverts all gains in industry, and industry will see profits of only Rs 80 crore. So there is net loss of Rs 20 crore. But in return, they were able to create an industrial empire which enables them to give favors to many and also control many. And they get reputation of being industrialist and not land-hoarders
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Is it illegal?
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No. Did British did anything "illegal"? The real strength is NOT in doing something illegal,. but forcing law-makers to print laws that make the activist that benefit you as legal !!! So nothing illegal was done?
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So all in, whats "wrong"?
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The wrong part was -- when they sold the land at EXTREMELY high price, someone else lost opportunity to start a business from his surplus income, because a huge part of his income was consumed in buy that land (or flat). And this reduces competitiveness in the economy.
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And other way to put same above statement is - when a person is earning huge money from land hoarding, and that person uses that money to pay costs , salaries etc in his company, then a competitor who doesnt have access to such land-hoarding money will bleed and lose out. And this again will reduce efficiency of overall national economy.
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So massive land-hoarding done by T, gdrj, Bir, Schind, Gaek, Ad etc did a huge damage to Indian economy. And by diversting the profits of land hoarding and land sales into their industries, they managed to convince (or fool?) Indians that T , gdrj etc are industrialists and not landlords and land hoarders.
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So finally whats the solution?
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The solution is that we activists campaign for a law-draft that ALL landowners' land holdings will be disclosed on govt website including lands owned by individuals via HUFs, companies, trusts etc. So that way, we will know that who are landlords and who are not
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Next is to put details of ALL land sales and land transfers that happened in past 100 years (or as many as available) on net. That way, one will be able to see how apex elitemen benefitted from transfer of land from British to their Charitable Trusts and so on
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Once these two laws are printed, it will be clear whether these people are landhoarders or industrialists as they claim. And to what extent their past growth was due to industry profits and profits by land sales. And these two laws may also increase demands for wealth tax on land..