Monday, April 18, 2011

Discontinuation of 25 paise coin

I was reading an article about a smart thief in the united kingdom, he was working in a large bank as an accountant, he use to transfer 1 penny from account of each of account holder, and there were thousand of such account from where he use to transfer 1 penny every month, this he did for over 13 years and no-one took a note of 1 penny missing from their account.


At the end of 13 years when he retired from that bank, he took away millions of pound which he smartly transferred to his account.


This story reminds me of what our government is doing in India, they have recently discontinued the usage of 25 paise coin, how is this going to have an effect on common man?


Well all the price set by the government in India are not an absolute round figure, for example gas prices (petrol in India) costs 52.53 (without tax, each state has its own tax on petrol so prices will be different in each state). please note the 53 paise, do we have 1 paise or 5 paise or 10 paise coins in use in India?


No!! then why are these prices in paise? If anyone gets 1 ltr petrol he will pay 53 rupees and not an absolute 52.53 as the price is, this money will then eventually come to government, which will smartly take away the 47 paise and leave 52.53 in the account, this money is then moved into foreign bank as property of the politicians...


This is how our government is looting us, and we are allowing this to happen. In States where i live, we have all the coins in action starting from 1 cent to 1 dime to one dollar, here government is honest and they do not follow any colonial concept of rule.


When will we get freedom in my motherland?

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