Modi Scams galore as Indian Media snores on the job

 Adani Gaming Corporation and Modi's GoM giving permission to Open Casinos 

As Indian Media continues to sleep and snore the Group of Ministers has approved a plan to open Casinos in India. Yes, Yes, much understated Consumer Price Index is up at 7% Inflation, common people are hurting in pricey food articles and Government Ministers thinking "Yes, Gambling is the way out of hyperinflation mess".

Of course, Gambling and even sports betting is banned in India in Most places and before the ban, it was gaming & lotteries were offered as provincial state matter and not a federal Union Subject.

Still such a "Group Of Ministers Committee " were allowed to be set up, not a peep of protest in Media and so called opposition parties. 

And GoM Proposed "Casinos to be allowed " and that came up on a News ticker. Various state laws preventing Gambling and Betting notwithstanding, Numerous High Court and Supreme Orders calling "High risk gambling as social evil" notwithstanding. 

And Look what I found, in 2009, a Corporation was set up in Las Vegas, Nevada, USA ... the Gambling capital of the world.. Under the name, Adani Corporation.  Of course, 2009 was not a good year for Casinos and so Company failed to acquire any gambling den and it subsequently became inactive. 

Actually Adani group had attempted to open Casinos in Macau also, but were unable to make it big, at least officially. So if you see the "Adani Gaming" casino in any mall in India , don't be surprised. 

And it is to be followed by "Jio Jua" and "Tata Bets" soon. After all, supermarkets and grocery chains are not renting more commercial spaces. 

Win-win for Billionaires, Lose-lose for Common People. 

SCAM No 2: RBI - Indian Bank money laundering scheme.

Just yesterday RBI allowed Foreign Entities to settle trades in Rupees,  if they have accounts in Foreign branches of Indian Nationalized Banks (Well, Zimbabwe should take note :).

Today, SBI and ICICI Bank upped the interest rates in fixed deposits on Foreign currencies.  As if, after 3 years they would get minting rights on US, Canadian, Australian Dollars and British pounds. Some stupid NRI Software engineers might put their savings in there, nobody else would. 

Except for Money Laundering, these facilities won't do any good to anyone . 

On the flipside, Indian Banks have to keep higher operating forex reserves.  If big-time money laundering happens, a special crash on Indian Rupee will come in 2025, when 3 year term deposits will mature. 

RBI lacks the maturity and intelligence to govern to operations of overseas Branches of Indian Banks. While Pensioners and old people get no benefits in savings accounts of these banks , RBI  is choosing to facilitate NRI and HNI money laundering first. 

If this is not a SCAM , what is. Deliberately exposing Banks to Forex Shocks could turn India into Sri Lanka very fast. These are crimes against the nation and humanity.