Economy
Economy & Nation Exclusive
RBI surprises with 50 bps cut in repo, bank rate

Contrary to the expectations of bankers and economists the RBI cut repo rate and bank rate by 50 basis points. This may lead to lower interest rates for home loan, auto loan and corporate loans

The Reserve Bank of India (RBI) on Tuesday surprised everyone by cutting the repo rate and bank rate by 50 basis points (bps) as against the overall expectations of a 25 bps reduction in its annual credit policy. This is the first time after a gap of three years that the central bank has reduced repo rates. The reduction in the repo rate is based on an assessment of growth having slowed below its post-crisis trend rate which, in turn, is contributing to a moderation in core inflation, the RBI said. The cut in repo rate will reduce cost of home, auto and corporate loans.

Barclays Capital, in a note, said, "In our view, the RBI's guidance suggests that it has merged a couple of "baby steps" into today's move and will possibly stay on hold for awhile. We believe the central bank will examine the scope for further monetary easing on a case-by-case basis in the coming months, with a bias towards not cutting the repo rate further in the next one to two policy meetings."

The central bank in its monetary policy for 2012-13 cut the repo (the rate at which the RBI lends money to banks) rate to 8% from 8.5% and bank rate to 9% from 9.5%. It, however, left the cash reserve ratio (CRR) unchanged at 4.75% while the reverse repo rate (the rate at which the RBI borrows from banks), with a window of 100 bps with repo rate, automatically stands adjusted at 7%.

RBI, in a release, said it decided to raise the borrowing limit of scheduled commercial banks under the marginal standing facility (MSF) from 1% to 2% of their net demand and time liabilities (NDTL) outstanding at the end of second preceding fortnight with immediate effect.

Indicating that there is limited space for further reduction in policy rates, the central bank said, “Persistent demand pressures emerging from inadequate steps to contain subsidies as indicated in the recent Union Budget will further reduce whatever space there is. In this context, it must be pointed out that, while revisions in administered prices may adversely impact headline inflation, the appropriate monetary policy response to this should be based on whether the higher prices translate into generalised inflationary pressures.”

“By shifting a stance towards favouring growth and cutting repo rate by 50 bps at a one go, RBI has certainly come up with the trick that is actually required at the moment. However, risks to inflation discussed in the macroeconomic report are some of the concerns that may act as a hurdle in the course of loosening of monetary policy,” said DK Aggarwal, chairman and managing director of SMC Investments and Advisors.

Speaking on effects of the RBI policy on real estate, Om Ahuja, chief executive for Residential Services at Jones Lang LaSalle India, said, "We do expect that there will be a marginal increase in home loan borrowings because of this positive move. That said, the series of hikes in the past have also affected the price that builders put on their properties, since their own cost of borrowing has increased. It is unlikely that property prices will come down because of this rate cut, and it is the price of properties that is the decisive factor in residential real estate sales. In fact, it is very likely that there will be an upward bias on property rates because of the anticipated improvement of sentiments with buyers who have so far been sitting on the fence, waiting for some signals of relief."

Last month, the RBI slashed CRR—the percentage of deposits that banks have to keep with the RBI—from 5.5% to 4.75%. With this, the central bank had infused Rs48,000 crore into the economy. Showing persistent sluggishness in the economy, industrial production growth slowed to 4.1% in February this year, mainly due to poor performance of the manufacturing sector and consumer goods segment.

At the same time, inflation has been hovering around 7% and global crude oil prices are still over $100 per barrel, adding to inflationary pressures. Inflation was 6.89% in March much above the RBI's comfort level.

Mushtaq Ahmad, chairman, Jammu & Kashmir Bank, said, "When we are expanding our corporate and SME loan book outside the J&K State, the rate cut scenario will allow us generate volumes, customer base and remain competitive. We will be happy to pass on the benefit of cut to borrowers. Though seemed temporary, the initiative is an act of re-balancing towards checking inflation.”

RBI, which increased the key policy rate 13 times between March 2010 and October 2011 to tame inflation, did not hike the repo rate (short term lending rate) in the last three policy reviews.

On the other hand, India's GDP grew by the slowest pace in the last three years to just 6.1% in the third quarter of 2011-12.
 
The GDP growth rate for the third quarter was lower compared to 6.9% in the previous quarter and 8.3% in the same quarter last financial year.

Since October 2011, the repo of RBI has stood at 8.5%. Repo rate is the signalling rate. Other policy rates like reverse repo and bank rate adjust automatically with change in the repo rate.

Inflation was the key driver that guided the Reserve Bank to tighten money supply, and later hold rates during the past 36 months. The period also saw it inflicting 13 simultaneous hikes, by 3.75% in repo rates over the 19-month period, making it one of the most aggressive central banks in the world.

Apart from hurting investment activity, the rate hikes severely hurt the retail borrowers as higher loan repayments put household budgets for a toss.

RBI made a conscious effort at placating this class by reiterating that banks should not charge pre-payment penalties from home loan borrowers. It also announced to set up a working group to assess the possibility of having long-term fixed interest products which will not be exposed to interest rate changes.

HIGHLIGHTS
The followings are the highlights of the Annual Monetary Policy for 2012-13 announced by RBI Governor D Subbarao on Tuesday...

  • Short term lending rate (repo) lowered by 0.50% to 8%
  • Cash reserve ratio retained at 4.75%
  • GDP growth for 2012-13 projected at 7.3%
  • March-end, 2012-13 inflation expected at 6.5%
  • Bank rate cut by 0.50 pc to 9%
  • Deposit growth pegged at 16%, credit growth at 17%
  • Upside risk to fiscal deficit target of 5.1%
  • Govt borrowing may decrease credit flow to pvt sector
  • Liquidity conditions moving towards comfort zone
  • To issue final guidelines on Basel III by May 2012
  • Tightens norms for lending against gold by NBFCs
  • Next mid-quarterly monetary review on 18th June

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COMMENTS

Mahi

5 years ago

For Mumbai and Delhi based builders pigs are flying after RBI rate cut. Actually for prospective home buyers home price is bigger hurdle and matter of concern than interest rate / EMI. Rs. 3000-5000 up/down in EMI does not matter to most of the home buyers in metro cities. So sweet dreams to Mumbai and Delhi based builders keep dreaming about property sell and get bankrupt.

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Public Interest Exclusive
Trees cut illegally for President Pratibha Patil’s Pune bungalow?

Pune Cantonment Board’s reply to RTI application says that the cantonment comes under the jurisdiction of the Maharashtra Tree Act. Was this Act thrown out of the window for the President?

At least 20 stalwart trees more than 100 years old and several other trees have been massacred to make way for the palatial post-retirement bungalow of President Pratibha Patil on 2,42,000 sq ft of prime land in Kirkee Cantonment in Pune, which skirts the Pune-Mumbai highway. 

Presodent Pratibha Patil Khadki bungalow trees
The green landscape before...

By its own admission to a RTI (Right to Information) query by noted Pune-based tree activist, Vinod Jain, the Pune Cantonment Board has specifically replied that, “The Maharashtra (Urban Areas) Protection and Preservation of Trees Act, 1975 applies to Pune Cantonment Board...” 

Hence, says Maj Gen SCN Jatar, a prominent RTI activist of Pune who had fought tooth and nail when the Pune Cantonment Board decided to increase the FSI within its limits, “The prevailing law is clear that the felling of trees for the proposed residence of the President on her retirement should have had the approval of the Tree Officer. The Kirkee Cantonment Board should have obtained the permission either from the Tree Officer of the Pune Municipal Corporation (PMC) or of the Pimpri-Chinchwad Municipal Corporation (PCMC). In the instant case, whoever cut the trees did not obtain any of the permissions as per law.”

On Monday, Col Suresh Patil (retd), Comm Ravindra Pathak and former naval officer Anup Awasthi ran from pillar to post to find out whether permission was given to fell these trees. “We came to know of the damage of the trees when Moneylife’s story on President grabbing the land went viral and we rushed to the spot with the media channels.” Finally, Mr Awasthi filed a RTI application with the Pune Municipal Corporation as well as the Pune Cantonment Board late Monday.

President Pratibha Patils new bungalow trees massacred
When trees were cut to make way for construction...

Col Patil states that Principal Director, Defence Estates is also responsible for not taking any action. He states, “Despite merciless tree cutting, there seems to have been no legal action taken. We are going to first question him about what kind of permission was given to fell the stalwart trees. Secondly, as per the law, the local military authority has to auction them officially and deposit the revenue in the treasury. Has it done that?”  

According to Chapter I, Section 1 (2) of The Maharashtra (Urban Areas) Protection and Preservation of Trees Act, 1975 (as modified up to 3 November 2006), the Act “extends to the whole of the state of Maharashtra”.  Hence, President Patil’s bungalow cannot be an exception even if it is on defence land, says Maj Gen Jatar.

President Pratibha Patil Trees massacred
The barren land and building that was once full of lush green cover...

The point is who will bell the cat?

• As per Chapter V (Restriction of Felling of Trees and Liability for Planting and Preservation of Trees), Section 8 (1), “On and after the date on which this Act is brought into force in any urban area, notwithstanding any custom, usage, contract or law for the time being in force, no person shall fell any tree or cause any tree to be felled in any land, whether of his ownership or otherwise, situated within that urban area, except with the previous permission of the Tree Officer” 

• Section 21 of the Act reads, “[(1)] Whoever fells any tree or causes any tree to be felled in contravention of the provisions [of the Act] or without reasonable excuse fails to comply with any order issued or condition imposed [by the Tree Officer or the Tree Authority or voluntarily obstructs any member of the Tree Authority or the Tree Officer or any officers and servants subordinate to him in the discharge of their functions under this Act, shall, on conviction, be punished with the fine of not less than Rs1,000 which may extend up to Rs5,000 for every offence and also with imprisonment for a term of not less than one week, which may extend up to one year 

• [(2)] The felling or causing of felling of each tree without the permission of the Tree Authority shall constitute a separate offence.]

• In a judgment in PIL 93 of 2009 dated 17 June 2009, the Bombay High Court has ruled, “…By way of ad interim order we direct the respondent municipal corporation not to permit felling/cutting the trees within the municipal limits of Pune Municipal Corporation without obtaining approval of this Court.” 

(Vinita Deshmukh is a consulting editor of Moneylife. She is also an RTI activist and convener of the Pune Metro Jagruti Abhiyaan. She is the recipient of prestigious awards like the Statesman Award for Rural Reporting which she won twice in 1998 and 2005 and the Chameli Devi Jain award for outstanding media person for her investigation on Dow Chemicals. She co-authored the book “To The Last Bullet - The Inspiring Story of A Braveheart - Ashok Kamte” with Vinita Kamte. She can be reached at [email protected]

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COMMENTS

JBPatel

3 years ago

This is the state of affairs in case of unauthorised tree cutting at K West Ward, Andheri, Mumbai - 400058. In spite of more than 25 visits to Garden & Tree Dept.of MCGM and Juhu Police Station, no FIR has been registered till date i.e. 24.06.2014 while the offence took place and the original complaint was lodged on 28.09.2013.
********************************
From: J.B.Patel
RTI & CHS Activist)
B1/35, Andheri Panchvati CHS. Ltd.
C.D.Barfiwala Marg (Juhu Lane), Andheri (West), Mumbai – 400 058

Date: 20.04.2014

To,

The Senior Inspector of Police,
Shri Rajendra Chavan ( transfered and Shri Abhay Shashtry, Mobile 9870152312, has replaced him)
Juhu Police Station,
Mumbai – 400 049

REMINDER - 1

Sub: Un authorised Cutting of green, healthy and thick branches of two Ashoka Trees on 28.09.2013 at Andheri Panchvati CHS. Ltd.
Sir,

I, the undersigned, J.B.Patel, age 67 years, thank you for the courtesies extended to me during my meeting with you at about 12.30 pm on 19.04.2014 in connection with my following complaints about un authorised cutting of green, healthy and thick branches of two Ashoka trees at about 11 am on 28.09.2013 at Andheri Panchvati CHS Ltd., C.D.Barfiwala Marg, (Juhu Lane), Andheri (West), Mumbai - 400 058.

As suggested by you, I am submitting synopsis of my complaints again:

When I saw the green, healthy and thick branches of two Ashoka trees being cut in my society on 28.09.2013, I dialed on police line 100. To my pleasant surprise Police Marshal Shri Pote, who is a very well known police and a familiar face in the area arrived within about 7 to 8 minutes. He stopped cutting of the branches and took the Mali and In-Charge of our society’s working, Mr. Chandrakant Barge, residing at A / 704, The Raigadh CHS. Ltd., Rajendra Nagar, Dattapada Road, Borivali (East), Mumbai - 400 066 (mobile: 9869017795) to Juhu Police Station for further action. There he handed over the matter to the Duty Officer Shri Maitre. I had accompanied them as witness but was asked by the Duty Officer to leave as my presence was not required. I again reached the police station at about 3 pm. I was shocked to learn that Mr. Chandrakant Barge was allowed to leave without giving any statement.

Later, I learnt that the file of my case was given to API Shri S.S. Salvi. After more than ten personal visits to Juhu Police Station and various visits and follow up to Garden & Tree Dept., MGCM - K West Ward, ONLY a NC Offense was registered vide NC No. 2159 on 24.10.2013 by API Shri S.S.Salvi who is now transferred:

..........(2)
(2)

28.09.2013 - My Complaint no. 0721669134 lodged on MCGM Complaint Website
28.09.2013 - My complaint no. 53177 lodged on Police Complaint Website at 9.30 pm
29.09.2013 - My Written complaint with photographs to Juhu Police Station
30.09.2013 - My written complaint with photographs to AE/Garden and Trees of MCGM, K West Ward
08.10.2013 - Jr. Tree Officer lodged a Written Complaint no. KW/40972 & 41935/AEM Dt.08.10.2013 as per Section 8 R/w 21 of the Maharashtra (Urban Area) Protection and Preservation of Trees Act, 1975 (As modified up to November, 2006) to the Senior Inspector, Juhu Police Station
15.10.2013 - My reminder letter to Senior Inspector, Juhu Police Station
24.10.2013 - NC Offense was registered vide NC No. 2159 by API Shri S.S.Salvi
18.11.2013 - Jr. Tree Officer, K West Ward submitted a Copy of legal opinion of Jr. Law Officer of K West Ward vide Ref. Jr. L.O./0015/KW Dt.18.11.2013 to Senior Inspector, Juhu Police Station
26.11.2013 - Jr. Tree Officer, K West Ward submitted another Written complaint no. KW/0015/AEM Dt. 26.11.2013 to Senior Inspector, Juhu Police Station
13.12.2013 - My Reminder to Senior Inspector, Juhu Police Station
02.01.2014 - Letter Ref: 51 / 2014 by API Shri S.S. Salvi to Jr.Tree Officer, K West Ward.
08.04.2014 - My meeting with ACP (Zone IX) Shri D.O. Jadhav who was very courteous and has assured me of appropriate action as early as possible.
19.04.2014 - My meeting with Senior Inspector, Shri Rajendra Chavan, Juhu Police Station, who was very courteous and has assured me to help me on my complaints.
(Xerox copies of above correspondence are attached for reference)

MCGM is sending complainant to Police Dept. and Police Dept. is sending the complainant to MCGM for Un authorised Cutting of Trees which in slang language is known as “half murder”.

Xerox copies of two FIR registered by two different police stations in similar cases are also enclosed for your ready reference.

I request you for further appropriate action as per Section 8 R/w 21 of the Maharashtra (Urban Area) Protection and Preservation of Trees Act, 1975 (As modified up to November, 2006) in the matter at the earliest.


J.B.Patel (Jeby)
RTI & Housing Societies' Activist
Mobile:9820538570
Email: [email protected]

********************************
This seems to be the way of handling law of the land.
********************************

pinku

5 years ago

cutting tree for sake of bungalow
madness really a madness

Ratanlal Purohit

5 years ago

CHIPKO MOVEMENT LIKE THAT OF SUNDARLAL BAHUGUNA OF UTTRANCHAL OR BISHNOIS OF RAJASTHAN CAN SAVE OUR TREES.

REPLY

malq

In Reply to Ratanlal Purohit 5 years ago

Not if the trees have got army protection - in which case the goalposts change.

Ratanlal Purohit

In Reply to malq 5 years ago

Army is like T cells.
To give us immunity from Invasion.
HIV Her Intrusive Violation of Indian Constitution Law Rules Regulation has given it Full Blown Auto Immunity Deficiency Syndrome. Cancerous Diabolties and COPD causing National Sleep Apnea and affecting our Lungs, Trees.
She doesnt want to emulate Veer Mata of Shivaji's Maharashtra Veeresh Bhai. Bharat ka Bhagwan hi Maliq hai?
WHERE SHOULD I GO FOR PRAYERS? ALL ENJOY THEIR SERVICES AT HER PLEASURE.
LITERALLY AND IN EFFERVESSIVE SPIRITS.

mukesh

5 years ago

CUTTING TREES SHOULD BE BANNED ALL OVER INDIA - IN EVERY STATE OR ANY PLACE!

ONLY UNDER INDEPENDENT BODIES' OBSERVATION & PERMISSIONS, TREES SHOULD BE ALLOWED TO BE CUT UNDER LEGITIMATELY VALID REASONS OUTWEIGHING THE AXING OF A TREE!

A TREE IS THERE FOR SEVEN GENERATIONS AT LEAST! IT IS NURTURED OVER YEARS & DECADES! ITS BENEFITS FAR OUTWEIGH ANYTHING ELSE THAT EXISTS AROUND US AFTER OXGEN & WATER, BOTH OF WHICH HAVE A RESULTANT EFFECT DUE TO EXISTANCE OF TREES-CUM-FORESTS!

ANYONE WHO CUTS TREES HAS TO BE TRIED EQUIVALENT TO A MURDER OF AT LEAST 100 PEOPLE!

ONLY THEN THE NEXT FEW GENERATIONS WILL BE SAVED OF THE ILL EFFECTS OF MINDLESS CHOPPING OVER THE LAST FEW DECADES!



REPLY

nagesh kini

In Reply to mukesh 5 years ago

Tree cutting is an offence, prior permission is to be obtained.
Since the soon to demit office Prez. Ma'am is more equal than you and me all this is given a go-bye.
It calls for immediate judicial intervention.

malq

5 years ago

Update on the latest situation wrt the President's landgrab in Pune . . .

http://www.timesnow.tv/Debate-Whistle-bl...

Nirmala

5 years ago

common citizens in Mundhwa,Gorpuri,B.T.Kavde rd. &kalyani ng.face endless suffring by geting caught in tow railway gates for need of ROB.But Army is generous to dole out thousand of acres to one person while millions suffer. This is power of power.

Sushil Kumar

5 years ago

While the 'Powers that Be' in the Defence Establishment has shamelessly followed the path of sycophancy , what is equally if not more shameful, is that the so-called "First Lady" of India, has still not come out openly abdicating her right to acquire such a 'property' in a blatant dis-regard for The Rules & Law of the Land, and the injustice to serving Jawans who , as has been highlighted in the media, are living in abect conditions while defending the integrity of the "motherland' !!!... What "Pratibha" is she showing ???

REPLY

Ratanlal Purohit

In Reply to Sushil Kumar 5 years ago

Inspired by a Song from a film Shaan I have parodied A Shame song
FRAUD KARNEWALE KISISE DARATE NAHIN. JO DARATE HAIN VO FRAUD KARATE NAHIN. JEETE HAIN SHAAN SE SEENA TAN KE. CHORI AUR SEENA JORI NIYAM MAN KE.

Shadi Katyal

5 years ago

What a shame with all the Scams going on the President of India decided to join in one.When are we going to end this VIP system.
She was suspected of some scam before being selected and now she has proved her true self. WHY IS THIS BEING ALLOTTED TO HER IS SHE HOMELESS??
Is there no shame in our nation where people live on fott path and she at her age needs lavish bunglow. WHY??
Shoe me another democratic country where such awards are given and nation is looted by few.
In USA with whom we compare often no congressmen or any Govt official is given any accommodations but rent on their own. Has any President been given such lavish housing.
Whereas in India where we have people living on streets, the bureaucrats and MP not only live in luxury but even abuse the privildges.
This system must end

vimalbhair

5 years ago

If this is true it is very bad.Vimalbhair

malq

5 years ago

http://zeenews.india.com/news/nation/hom...

Here's the latest, it seems she wanted 85 lakhs for interior decorations . . .

REPLY

Ratanlal Purohit

In Reply to malq 5 years ago

I dont know how to react. Its descretionary. The beneficiary and sanctioning authority. Bargaining. Give and take. No Dignity. No sharam. Jisne ki uske foote karam? Why no not negotiable fixed criteria.

Ratanlal Purohit

5 years ago

Presidential immunity?Atleast Pak SC has challenged it. Poor Gilani. Facing Contempt. WILL HONOURABLE SUPREME COURT ADMIT CLASS ACTION OR SUO MOTO TAKE NOTICE TO ENFORCE RULE OF LAW AND SEND SUMMONS TO THE CONCERND ACCUSED OF VIOLATION.
SUBMITTED WITHOUT MALICE TO ANYONE INCLUDING ALL THE ACTORS IN THE INTEREST OF JUSTICE.

S Suchindranath Aiyer

5 years ago

Nehru established this. That laws are for former potentates and the common man and not for the newly established tyrants of India. It has been so ever since. In India "Who" and not "What" is the law. They even established this pernicious crime-by-the-State of retrospective laws and the 9th Schedule to the Constitution, whereby, laws that are anti-constitutional can be placed beyond judicial review. Welcome to Orwell's Indian "Animal Farm".

P M Ravindran

5 years ago

It would be waste of time to even shout SHAME on these scum on the earth!

Shadi Katyal

5 years ago

I had stopped writing due to this security code issue for some time but today when I tried to ask for new one it didnot change and when I sent on old same story security code didnot meet and out went all the writings,.
I will stay away till this fiasco of security code ends.
WHY TAKE THE WRITING AWAY AND NOT LET CHANGE THE CODE????
I wonder how many people have stopped writing due to this technical fault./

REPLY

Sanjay

In Reply to Shadi Katyal 5 years ago

After I enter all teh text, I do Ctrl+A & CTrl+C to copy all teh text & then enter code. In this way, if there is a tech issue, my writing is still safe & I can copy it to a text file for later pasting back. You must use this for every post you make so your thougts remain with you

shadi katyal

In Reply to Sanjay 5 years ago

Thank you Sanjay ji. I will try to follow your advise and have noted your instructions.
My contention is that I am not the only one who has suffered this but evidently you and others too and thus you have devised this method to escape the agony.
Thanks

Ratanlal Purohit

In Reply to Shadi Katyal 5 years ago

Mr Katyal,
One way is to press for change of code and immediately enter and post. Chances that code will change in the meanwhile will be greatly reduced.
Even if it happens then go back and let the server put back your submission for reauthenticating.
I operate from mobile and there is no way I can save on words. At least I don't know how to.
Hope tipa will help you beating the game of changing code after submission till ML finds a locking the code as soon as it is entered. At the moment it is difficult in open loop system


shadi katyal

In Reply to Ratanlal Purohit 5 years ago

Prohit ji,
Thanks you for your advise and let me try next time the advise given by each one.
I strongly feel that since we have requested before and I might not be the only one having this problem, this should be corrected.
Thanks again

malq

In Reply to Shadi Katyal 5 years ago

Shadi Katyal ji, please save the matter before posting and pressing the "reply" button, so that even if it vanishes, you can re-post without any effort.

The reason for this problem is not only at server's end but can also be at various points along the way.

humbly submitted.

rgds/VM

shadi katyal

In Reply to malq 5 years ago

Thank you for advise but we have discussed this before and that is why I have stayed away for long time.I tried yesterday hoping system has been corrected and met the same fate. I am sure I am not the only one.
We arite to other publications but this is the only one which has this problem. Others will return the writing and tell you wrong code but in your case whole writings disperses. Maybe it is too much to ask. We claims to be best program writers and yet we cannot correct this anomaly.

Rambabu Shastri

5 years ago

Winston Churchill was right over 60 years ago. And now, the presidential palace will become the new Rashtrapati Bhavan. With the kind of brazenness that these scams are being swept under the carpet, nothing will ever come out of them by way of justice. Today's Adarsh report from a state appointed judicial comission is nothing but an eyewash to sweep everything under a carpet. Wonder when Indian politicians will learn that the nation is first. As it is, everyone now views it as themselves first.

REPLY

P M Ravindan

In Reply to Rambabu Shastri 5 years ago

It is true that Winston Churchill had predicted "Power will go to the hands of rascals ,rogues, freebooters; all Indian leaders will be of low caliber & men of straw. They will have sweet tongues & silly hearts. They will fight amongst themselves for power & India will be lost in political squabbles. A day would come when even air & water would be taxed in India." But one need not attach the halo of a prophet to him. Even while making the prediction he worked to ensure that it would become true! And we had Mahatma Gandhi anointing a blackmailer as India's 1st PM!

nagesh kini

In Reply to P M Ravindan 5 years ago

The modus operandi adopted for getting the A1 plot ande now massively cutting 100 years trees indicates the extent to which our so-called First Citizen can stoop.
There is a need for a comprehensive cause of action invoking all the violations incl. tree chopping to bring in stop work and get the plots restored to the Army.

malq

In Reply to P M Ravindan 5 years ago

Things shall improve! Please do not give up hope.

rgds/VM

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