9.1 Role
of RBIG (RBIG = Reserve Bank of India Governor)
9.2 Right to
Recall RBI Governor
9.3 Draft of
the Gazette Notification for Right to Recall RBI Governor
9.4 How will
three line law-draft and procedure to replace RBIG improve price control
9.5 How can
YOU help in bringing pries in India under control?
The RBI Governor plays the most important role
in wealth distribution, and often takes wealth away from poor and gives it to
the rich by manufacturing new rupees (M3) and ensuing that the newly
manufactured rupees go to the rich. This is explained later in money supply
related chapters. In this chapter, I will only describe the solution – the
procedure by which we citizens can replace RBI Governor. More details are in
chap-23.
So
please note – our proposal is NOT that we will come in power and will
enact Right to Recall RBI Governor law-draft. And we do not insist that PM
should be forced to print RTR-RBIG-law-draft in the Gazette. Our proposal is
--- we, citizens of India, should ask PM to take public opinion using TCP on
whether RTR-RBIG-draft should be printed in Gazette or not. The public
opinion will enable PM to decide whether RTR-RBIG-draft should be printed in
the Gazette or not.
Following
is the description of one of the most important Govt
Order we MRCM propose-demand and promise to fix the Rupee System of Indian
1. Any citizen of India
can pay a deposit same as MP election to the PM’s secretary and register
himself as a candidate for RBIG (Reserve Bank of India’s Governor).
2. Any citizen of India
can walk to Talati’s office, pay Rs
3 fee, approve at most five persons for RBIG position. The Talati
will give him a receipt with his voter-id# and the persons he approved.
3. A citizen can cancel
his approvals any day as well.
4. The Talati will put the preferences of the citizen on
district’s website with citizen’s voter-ID number and his preferences.
5. If a candidate gets
approval of over 50% of ALL registered voters (ALL, not just those who have
filed their approval) then PM may expel the existing RBIG and appoint the
person with highest approval as RBIG.
The
detailed law-draft is as below.
Following is the GN draft needed to create Right to
Recall RBIG procedure . The citizens can get this
draft printed after they have forced PM to print TCP in the Gazette.
# |
Procedure For |
Procedure / instruction |
1 |
- |
The
word citizen would mean a registered voter |
2 |
Cabinet
Secretary |
If any citizen of
India wishes to become RBIG (Reserve Bank of India Governor)
, and he appears in person or via a lawyer with affidavit before the
Cabinet Secretary, the Secretary would accept his candidacy for RBIG after
taking filing fee same as deposit amount for MP election. |
3 |
Talati
,
(or
Talati’s Clerks) |
If a citizen of
that district comes in person to Talati’s office,
pays Rs 3 fee , and
approves at most five persons for the RBIG position, the Talati
would enter his approvals in the computer and would him a receipt with his
voter-id#, date/time and the persons he approved. |
4 |
Talati |
The Talati will put the preferences of the citizen on
district’s website with citizen’s voter-ID number and his preferences. |
5 |
Talati |
If a the citizen comes to cancel his Approvals, the Talati will cancel one of more of his approvals without
any fee. |
6
|
Cabinet
Secretary |
On every 5th of
month, the CS may publish Approval
counts for each candidate as on last date of the previous month. |
7 |
PM |
If a candidate gets
approval of over 51% of ALL registered citizen-voters (ALL, not just those
who have filed their approval) in a district, then PM may or need not expel
the existing RBIG and may or need not appoint the person with highest
approval count as RBIG. The decision of PM will be final. |
8 |
District
Collector |
|
9 |
Talati (or Patwari) |
The one and only one
reason behind price rise is rampant manufacturing of rupees (M3) via RBI, SBI etc The rampant increase is authorized by RBI Governor
despite opposition of majority of the citizens. The RBI Governor acts
recklessly because citizens don’t have procedures to expel him. But once
citizens get procedures to expel/replace RBI Governor, RBIG will behave and
would not permit rampant manufacturing of rupees. This coupled with other laws
proposed in “improve RBI” chapter will control prices without reducing growth.
So
the day citizens manage to force PM to print TCP in the Gazette, someone may
submit draft for Right to Recall RBIG as affidavit. The crores of citizens who
are heavily impoverished due to rupee manufacturing may register YES on this
affidavits, after they are explained how RBIG is responsible for the price
rise. And once crores of citizens register YES on this affidavits, the PM will
be forced to print these laws. And once procedure to replace RBIG comes, RBIG
will be forced to reduce money manufacturing, reduce corruption in lending and
that will control price rise and also increase the real growth. Thus, using three
line TCP law-draft, we can reduce price rise and increase growth without
getting even one MP elected.
If
RTR-activists insist on waiting till they get majority in Parliament and then
enact RTR over RBIG, then there is possibility that RTR-activists will be
waiting for ever. First they may never get majority in Parliament. And worse,
even if they get majority, there is possibility that their “own” MPs will sell
out and refuse to pass RTR laws. E.g. in 1977, Janata Party MPs had promised to
pass RTR laws before election, and after getting elected, later they refused to
pass RTR laws. So IMO, RTR-activists should focus on creating mass movement on
TCP rather than “winning election” based method.
Please send order to
PM and Loksabha Speaker via SMS that your Yes\No sent
via SMS on any bill presented in the Parliament should be posted on the website
of Parliament. Pls order PM via SMS to print RTR-RBIG
draft in the Gazette. Please read chap-13 of this book http://rahulmehta.com/301.htm
. It has several steps where-in you can spend 6 hours a week and help to
bring RTR over Reserve Bank Governor draft in Gazette in India. The steps
involve sending necessary orders to PM via SMS, distributing pamphlets, informing
citizens on motives of leaders such Congress MPs, BJP MPs, The Anna etc who oppose RTR Reserve Bank Governor, by giving
newspaper ads, contesting elections on RTR, RTR-SCCj,
MRCM, TCP etc. Once TCP gets printed in Gazette, RTR-RBIG will get printed in
1-2 months and price rise will reduce.