Sunday, July 30, 2017
that pushes ahead, come what may, and does his own thing. Your
assumption all this time has been that his own thing is the same as
your own thing.
That could have been so, had his rise not been actively aided by your
enemies. But they were involved, right from the beginning.
His own thing never was same as your own thing.
It never will be.
You put a leader into power who will do not his own thing, but the
bidding of those who majorly funded and supported him. His interests
will co-incide not with your interests, but their interests. And they
will run contrary to your interests, your safety, your family's
You felt there was no other way, because the people in the middle were
messing everything up and something had to be done.
You intentions may be noble, but the road to hell is paved with good intentions.
What has happened instead is that those people in the middle now no
longer need to worry about their real no.1 threat : you and others
like you getting in their way. They STILL have their control, and
their power has only gone up by bringing in a leadership that silences
the one thing that could have checked the middle people : the bottom
rung, people like yourself.
The shortcut of just bringing in someone at the top who won't get
swayed : only results in that person being unable to get swayed in the
good direction by you. It's not a good shortcut because it does not
lead you to your destination; it only leads you backwards.
There are other ways to strengthen your voice and disempower those
pesky people in the middle who are messing up everything.
Disclaimer : This is a work of imagination. No association to real
life people. If something IS coming up in your head, then that's just
By Sandeep Jain:
Great Indian Banking Scam:
I want to bring attention to a disturbing nationwide organised scam
that you are a familiar with, but most don't quite understand the
"fraud" part of it. And like some of my answers do, it may ruffle some
feathers. But truth must be told. Here it is:
Do these pictures seem familiar to you? Go to the outskirts of any
major city in India, (for example take Noida & Gurgaon which are on
the outskirts of Delhi), you see miles & miles of semi built
structures that just stay dead still & never get completed. All these
buildings started in different years, but surprisingly, they all face
"financial trouble" just after the basic structure is built. Why don't
we see buildings that stop in-between, say after 4 floor or 8 floors?
The answer is an organised scam played by the state governments,
builders, banks & accounting bodies. This is how it works -
The builders sell you construction linked plan. You assume that it's a
fair plan as the builder will charge money as and when the
construction progresses and it is in builder's interest to complete
the project with speed. Looks fair for all. This is where the catch
is! The so called "construction linked plan" is a sham designed by the
agencies listed above, backed fully by the government and banks. Let's
look at the reasons:
What is the scam here ? The payment plan is designed in a way that you
have to pay 90% of the price of flat "at the laying of the top floor
of the building". By this time the builder has spent only 50% of the
project cost. Most of the money is needed later in the finishing work
- electrical wiring, plumbing, flooring, paints, lifts / elevators,
external work, parking, basements, government permissions for water,
sewage, power, etc.
You get the logic here. Now the builder is sitting on neat 40% profit
(90% - 50%) and all that he is left to "earn" from you is 10%. Why
would he spend another 30% money just to recover 10% from you? He
stops work right here!
You're thinking — he should not stop because there is a timeline to
deliver the project. But wait, what if he misses the deadline of
delivery? There must be some penalty, right? Check the agreement - ah
well,……… keep searching! So if developer delays the project, there is
no penalty due on his part (or at best its princely sum of Rs 5 per sq
feet per month…. which comes to a meager 1% interest!).
But if you delay his payment, interest charged is 12% to 18%. Ever
heard of one sided agreements? Which business would not seize this
opportunity to "borrow" free money without interest?
Why did the banks & RBI support it The befitting supporting actor
award here goes to the banks & RBI.
They lend "you" the money on "your" credit report. Banks don't finance
the builders for land purchase. They are also very shy on financing
the builders for construction(rates are more than 15% to 18%). But
wait, consumers can always borrow at 10% & "pay" the builder. So
essentially, the consumer is "financing the builder" in the name of
"purchasing the apartment".
Oh, did I tell you the best part? This money is without any interest
for the builder as we see above. So a developer to whom no bank lends
money below 18% and that too is seen very risky, can "get easy finance
from the same banks" at 0% interest rate, all in the name of
While RBI could have set this right just by changing the construction
linked payment schedule through banks, it chose to sit with eyes shut,
while the banks & builders continue to fleece customers.
Where did the money go ? Well, democracy is an expensive way to run
governments, especially in developing countries. Every state
government has been enjoying the party with builders & this was a
"legal" way to pull huge credit money from the banking system on the
books of the "reasonably wealthy middle class" who was sold the idea
of buying a house as it "appreciates forever" with tax breaks.
Builders diverted money to the political parties to get further favors
on land & permits. Secondly, the builder has used this surplus 40%
"profits" to buy new land parcels so as to launch more projects &
collect even more surplus interest free money.
The land prices were assumed to be appreciating forever as more and
more money was being pumped out of the banks. The music has to stop
What about the consumers? The "middle class" consumer will continue to
pay his monthly installment to banks, while their money has been
siphoned off by the builders, political parties, government officials
and the banks.
The apartment that was sold as 40 lacs will eventually cost 60 to 70
lacs considering the delayed possession, not to mention some cases
where money is lost forever.
You dare not default since you are just a retail consumer. Don't dare
to become an industrialist who can default & live happily ever after.
State governments are all hands in, trying to keep existing projects
out of RERA. Even if these are included, try fighting the legal battle
to get decision from regulator first. Then move to Appellate Tribunal
(yes, this comes before the High court), then the High Court & finally
Supreme Court. Can you hold till 20 years or rather take the apartment
on builder's terms whenever he feels like offering the same to you?
Talk of organised banking loot by the government, this is it. If it
feels like your story also, you're not alone. But please never assume
that property prices don't fall. Staying on rent is not that bad. And
don't you ever buy into the hype !
Monday, July 24, 2017
My Letter to Hon'ble HRD Minister/Chairman (NCERT) Prakash Javadekar today
- Manish Sisodiya, June 27 2017
Maharashtra’s open school to start from 2018.. and connection with a PIL filed by open learners' guardians
The state of Maharashtra has recently announced starting its Open School and this could not get more awesome! The National Institute of Open Schooling (NIOS), a central government body, has existed before unschooling and home schooling were cool. But now we have our own state run Open School to design and implement a more relevant and context based curriculum that focusses on skill development!
In July 2015, some of us had filed a PIL with the Nagpur bench of the Bombay High Court. It was regarding amendments in the modus operandi of the Maharashtra State Government w.r.t. the Right To Education Act and the mandate to attend 'schools' to impart basic education for kids belonging to the age group of 6 to 14 years. We had also demanded the formation of a state level Open School, as directed by the NIOS.
We engaged with the system to recognize open learning as an alternative means to education. This was applicable in various scenarios such as with kids of migrant labour, tribals, children below the poverty line, home schoolers, and open learners. We read and understood the Ground Rules (GR) for a survey of out-of-school students, worked in tandem with the Municipal Corporations, and even went out to survey with the government staff and submitted our findings. Following the survey, some of us continued to write to the Ministry of Education and Hon. Governor of Maharashtra.
It all has started to yield fruitful results and education is only going to get exciting from here!
Maharashtra's open school to start from 2018
Thursday, July 20, 2017
Dear males, esp the blokes in their 30s and up, esp the blokes who do have a life partner.
Standard response when a girl way too younger than you approaches you and reveals that she is attracted to you:
I think I'm better off breaking your heart right now than wrecking your life later.
And mind, i'm not asking the ones stuck in loveless situations to not seek love outside. Please seek it in grown up women rather than taking advantage of a young girl's immaturity. All youth will have crushes; that gives you no license to mess with them. If you are your age then exercise the maturity and restraint appropriate to it.
(PS: there's no ads or revenue sources of any kind on this blog)