It is necessary to burn the ravanas that damage the economic system
- The list of economic villains can include hackers, defaulters, defaulters, willful defaulters, economic fraudsters who flee the country, cell companies etc...
- Government deploys enforcement agencies like ED to burn such ravanas but these ravanas of economic sector cannot be burnt. If these ravanas can be burnt, then India can again become a major irritant. Such ravanas are a burden on the economic system of the country.
It is not very easy to identify Ravanas in the economic sector. Because such people come in gentleman's Libas and keep leaving the investors. Savvy investors fall into the trap of such scammers
Ravana will be cremated tomorrow on Dussehra in this behalf. Those who dragged the economic sector into recession should be compared to Ravana. These are the Ravanas which are causing damage to the economic system and also leading astray. The list of such criminals who harm the economic system of the country include hackers, defaulters, filers of bankruptcy, willful defaulters, economic fraudsters who flee the country, cell companies, those who give false advice to the investors and sink their money, those who trap people's money in various schemes like crypto currency, GST evaders, money laundering. Doers, giving false tax details etc. can be included.
Schemes that cheat people are caught red-handed. The economic blow to the middle class will be long-lasting. Scams trick the frugal savings of the middle class with the lure of higher earnings. Two days ago in Himachal Pradesh, more than one lakh people were involved in a scam of one thousand crores and the scams have spread abroad.
In 2022, due to cyber fraud, Indian companies have suffered a blow of 1.25 lakh crores. Hackers are extorting ransom from many companies by breaching data. Hackers can be compared to invisible snakes that cannot be seen, cannot be caught. Just as hackers are harassing big businesses, middle class people are being duped by online fraudsters on a large scale. Cyber police seems ineffective.
There are goods and services tax evaders and income tax evaders. Zombie companies and cell companies are rife. Such companies go around issuing false bills and creating false documents. The government has locked four lakh cell companies and closed 6.8 lakh companies that could not submit financial accounts. Finance Minister Nirmala Sitharaman gave the information in the Parliament that the largest number of companies were in Maharashtra and West Bengal followed.
Such companies were like factories turning black money into white. Economic criminals are proving smarter even as the government imposes several restrictions on new companies.
Some corporate houses, despite being wealthy, file bankruptcy by making their subsidiary company debtors and then acquire the same company at a cheap rate fixed by the government. Godrej Group owns luxury brands like Britannia. The group is raking in crores but has filed for bankruptcy of its airlines, GoFirst.
Some people who cheat banks of crores are willful defaulters. That is, even though they have money, they don't pay the outstanding debts of the bank. The banks harass the middle class by giving notices for the remaining money while the big crocodiles can't do anything.
It is not very easy to identify the Ravanas of such an economic sector. Because such people come in gentleman's Libas and keep leaving the investors. Savvy investors fall into the trap of such scammers. In many cases of chit funds, the organizers lock the office overnight and disappear.
Middle class investors get lured and then the Ravana who cries with his hands on his head is unrecognizable. People who live under the temptation of becoming rich overnight or paying off their debts soon and living a prosperous life fall into the trap laid by Ravana.
Ravanas in the economic sector are very difficult to identify. It is not only the people of town or village level who are trapped in the trap of online fraudsters, software engineers of Bangalore, which is considered the IT capital of the country, are also trapped.
Scammers in the financial sector understand the psychology of the middle class. Despite knowing that money never comes from miracles or magic wands, people fall into the traps of those who show such magic wands.
Scams in the financial sector should be likened to Ravana because they disturb people's sleep and lead to hawking. While farmers are being cheated by usurers, the middle class seems to be paying interest for life.
It may be easy to kill the Ravana of Lanka, but it becomes impossible to kill the Ravana raised on the economic level. The government makes many laws to catch such Ravanas, but by using the loopholes of such strict laws, some escape to foreign countries, while some escape by getting the shade of a political umbrella.
The main reason behind the fact that the rich became richer and the poor remained poor in independent India was because of the economic undermining of Ravana.
Ravana of Ramayana is demonic. He had to disguise himself as a Brahmin, a gentleman, to abduct Sitamata. Even today, financial scams appear as gentlemen and grab money and then expose their monstrosity. These people talk politely while taking money, but when it comes to paying, they don't shy away from showing their dingoes.
Government deploys enforcement agencies like ED to burn such ravanas but these ravanas of economic sector cannot be burnt. If these Ravanas can be burnt, then India can again become a major nuisance. Such Ravanas are a burden on the economic system of the country.
Come, today on the occasion of Ravana Dahan, we should ask Lord Ram that some strategy should be made to shoot an arrow in the navel of the Ravanas of the economic sector who are pushing India into poverty.
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