A Scam Email with the Subject "RE: Read and Forward it - For something better" was received in one of Scamdex's honeypot email accounts on Fri, 20 Jun 2008 01:08:43 -0700 and has been classified as a Generic Scam. The sender was "Y Vivek" <firstname.lastname@example.org>, although it may have been spoofed.
THE UNITED Progressive Alliance (UPA) government headed by our Prime Minister Manmohan Singh has the most efficient team members with it. The prominent ones are P Chidambaram, YV Reddy and Montek Singh Ahluwalia. They are the dream team a PM can ever aspire to get. This is over and above his experience of having held the post of governor of Reserve Bank of India (RBI). So if everything is so good, then why is the officially declared inflation nearing double digits despite all these geniuses around? The answer is vote bank politics.
The UPA government is
trying to keep the rupee down. When inflows of dollars into India exceed outflows, then our
currency has to appreciate. But RBI is printing new money out of thin air and
buying the excess dollars so that the rupee does not appreciate. Over and above,
when the international prices of commodities increase in dollar terms due to
dollar devaluation, our government has two options if it wants to tackle the
inflationary expectations genuinely.
Option one: Allow our currency to appreciate so that our existing price of commodities does not increase. This can be explained by the following example. Crude oil was being sold at 100 dollars in February. The equivalent cost in rupee terms at Rs 39 per dollar was Rs 3900 then. Our forex reserves were 298 billion dollars then. Crude oil is costing 130 dollars in mid June now. To maintain the price of crude oil at the same Rs 3900 per barrel, our government could have asked RBI to sell some dollars (around 40 billion dollars is more than enough for that) and maintain the rupee at Rs 30 per dollar resulting in the same price for crude as in February instead of 130X43 = Rs5590 now.
Option two: If the RBI feared that the dollar would crash in international markets if the news spread that India is selling away the dollars, then India could impose blanket ban on all non essential imports other than that of crude oil or at least ban import of goods, which are available locally so that we could have a trade surplus and without RBI intervention, the rupee would appreciate and nullify the price increase in dollar terms.
I am writing this with a bleeding heart. The geniuses of UPA whom we trusted so much and believed to be the leaders, who would lead India to become a developed nation, have resorted to cheap vote bank politics. If a common man like me can understand the way to tackle inflation then it is no exaggeration to say that these people are aware of the possibility of combating inflation efficiently. The UPA government believes that high employment rate in software industry with inflated wages would vote them back to power. For that single reason they are doing the exactly opposite thing by banning our steel and food exports despite our record bumper food harvest, resulting in widening trade deficit and rupee depreciation.
But poor UPA, you should be the dumbest insane people on earth if you have not learnt the lesson from Karnataka elections. The software industry is also not happy with the current rate of inflation. If you do not act now then we, the voters, may have to ensure that you don’t get a chance of having to act in the future.
I went through this email, and looks like this is a hoax email spread all other the India. One thing is true that the petrol prices are shooting up like crazy.
Everyone knows that the reason for increase in petrol prices is the crude oil prices are going up every day.
I just want to let you know the fact.
The petrol prices in Pakistan and Malaysia are very low(Rs.17/Rs.18) is a big HOAX and jock.
According to the Pakistan's news papers( Daily Times), the price of petrol have been increased from Rs 58.7 a litre to Rs 62.81 a liter, the price of diesel from Rs 36.07 a litre to Rs 38.96, kerosene oil price from Rs 38.73 a liter to Rs 41.44, and the price of HOBC has been increased from Rs 69.88 a liter to Rs 74.77 a liter.
For more detailed information please click the link below or if the link doesn't work then please check attached print screen of the news paper.
Please click the link below for Global petrol prices chart
Petrol prices are increased globally not just in India. So people have to understand that the petrol is not produced in India, it is bought from middle east countries.
If the price of CRUD oil increases than obviously the price of petrol increases.
FYI: I am not know to most of them in this email group. I know only two guys( Gujjar Partha sarathi and Gujjari Madhusudhan Rao) in this group.
Petrol in Pakistan Rs17 per litr
Malaysia Rs 18 per litr
In India it's Rs.59 per litr
Why is there a difference within India itself? World Market CRUDE Oil is not
the reason for this. It's all Gain for private owners? As we are the
general public, or Common Man as R.K.Laxman wud hv said, we have to
raise our voice, let's raise thru Emails.
Forward this to all Indians who care.
IT HAS BEEN CALCULATED THAT IF EVERYONE DID NOT PURCHASE A DROP OF
PETROL FOR ONE DAY AND ALL AT THE SAME TIME, THE OIL COMPANIES WOULD
CHOKE ON THEIR STOCKPILES.
AT THE SAME TIME IT WOULD HIT THE ENTIRE INDUSTRY WITH A NET LOSS
OVER 4.6 BILLION DOLLARS WHICH AFFECTS THE BOTTOM LINES OF THE OIL
THEREFORE "June 14 th" HAS BEEN FORMALLY DECLARED
"STICK IT UP THEIR BEHIND " DAY AND THE PEOPLE OF THIS NATION SHOULD
NOT BUY A SINGLE DROP OF PETROL THAT DAY.
THE ONLY WAY THIS CAN BE DONE IS IF YOU FORWARD THIS E-MAIL TO AS
MANY PEOPLE AS YOU CAN AND AS QUICKLY AS YOU CAN TO GET THE WORD
OUT. WAITING ON THE GOVERNMENT TO STEP IN AND CONTROL THE PRICES IS
NOT GOING TO HAPPEN. WHAT HAPPENED TO THE REDUCTION AND CONTROL
IN PRICES THAT THE ARAB NATIONS PROMISED TWO WEEKS AGO?
REMEMBER ONE THING, NOT ONLY IS THE PRICE OF PETROL GOING UP BUT
AT THE SAME TIME AIRLINES ARE FORCED TO RAISE THEIR PRICES,
TRUCKING COMPANIES ARE FORCED TO RAISE THEIR PRICES WHICH AFFECTS
PRICES ON EVERYTHING THAT IS SHIPPED. THINGS LIKE FOOD, CLOTHING,
BUILDING SUPPLIES MEDICAL SUPPLIES ETC. WHO PAYS IN THE END? WE
WE CAN MAKE A DIFFERENCE.IF THEY DON'T GET THE MESSAGE AFTER ONE
DAY, WE WILL DO IT AGAIN AND AGAIN. SO DO YOUR PART AND SPREAD THE
WORD. FORWARD THIS EMAIL TO EVERYONE YOU KNOW. MARK YOUR
CALENDARS AND MAKE June 14 th
A DAY THAT THE CITIZENS SAY
"ENOUGH IS ENOUGH"
We forward so many junk email to many of our friends, now let us do
it for some useful cause to cut down the price of the petrol .. ....
REMEMBER : June 14 th
G. Partha Sarathi