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For officers there will be questions on economics, banking, finance and general affairs only (the recent events)Please note that the interview for bank placements are conducted by retired bank officials and more than 95 percent questions will be only on the above subjects and rarely one or two questions will be asked in engineering - electronics, information technology, mechanical engineering etc.,In fact the exact qualification meant for bank job is B. Com.The graduate knows about various types of accounting, economics, finance, management accounting etc and he will be more comfortable than others.Please concentrate on the following subjects:Types of accountsTypes of firmsFinancial statementsBalance sheet, profit and loss account, cash flow statement and funds flow statementVarious balance sheet ratiosVarious financial termsRead the following sample questions:Selected Interview QuestionsCandidate: 00101.Why you are willing to join in a bank?I am willing to join in a bank since I hope that I may be having more opportunities to serve the public. Banks have better career opportunities by means of periodical promotions to higher cadre.02.What do you mean by appraisal of gold loans?Gold loans are granted against the security of gold jewellery namely gold chains, necklaces etc., The jewellery apart from gold contains certain amount of copper and stones. Appraiser is a person well versed in the art of appraising the jewellery and on appraisal of the jewellery, he will be finding out the approximate gold content so that the bank may be able to provide loans against the gold content.03.What are the different kinds of term deposits available in a commercial bank?The different kinds of term deposits available in a commercial bank are – fixed deposit, recurring deposit and reinvestment deposit. In the case of fixed deposit, a fixed amount is accepted for a definite period and interest is paid on quarterly basis. In the case of reinvestment deposit which is similar to fixed deposit, interest is paid on maturity since interest is reinvested. In the case of recurring deposit, monthly instalments are accepted for a fixed period.04.What is the minimum period for which a fixed deposit is accepted and the maximum period for which a fixed deposit is accepted?The minimum period for which fixed deposit is accepted is seven days and the maximum period is ten years.05.Whether a fixed deposit can be accepted for a period more than ten years?In the case of deposits in the names of minors on account of settlement of claims, the deposit can be for more than ten years06.What do you mean by FERA?FERA means foreign exchange regulations act and it came into effect from the year 1973. An act to regulate certain payments dealing in foreign exchange, securities, the import & export of currency and acquisition of immovable property by foreigners. Under Section 31 (1) of the Foreign Exchange Regulation Act ( FERA) of 1973, it is mandatory for foreign corporations, which are not incorporated in India to obtain permission from the Reserve Bank Of India (RBI) to acquire, hold, transfer or dispose off in any manner (expect by way of lease for a period not exceeding five years) any immovable property in India.07.What do you mean by ECS?ECS means electronic clearing service and the customer can authorize on periodical basis to make payment of certain utility bills like electricity charges, water charges etc., by debiting his account till such time he submits a revocation letter. Similarly, he can authorize corporate to credit the dividends on shares and interest on debentures as and when due to the credit of his account with the bank.08.What is the minimum amount that can be sent through RTGS?The minimum amount that can be sent through RTGS is Rupees two lakhs and there is no maximum limit09.What is the maximum amount that can be remitted through NEFT?There is no or maximum limit for remittances sent through NEFT10.What is the maximum amount that can be sent abroad by any resident individual?Under liberalized remittance scheme, all resident individuals including minors are allowed to freely remit an amount upto US dollars 250000 (or its equivalent freely convertible foreign currency) per financial year11..What is the name of apex bank which is responsible for the development of agriculture in the country?NABARD is the apex bank which is responsible for the development of agriculture in the country.12.What are the different kinds of schemes available in our country aiming towards poverty alleviation?National old age pension scheme; Jawahar Gramin Samruddi Yojana; National Family Benefit scheme; Mahatma Gandhi National Rural Employment Guarantee Scheme; National Maternal Benefit Schemel Annapurna etc.,13.What do you mean by crossing of any cheque?Writing of two parallel transverse lines drawn on the face of the cheque on top left hand corner with or without any words between the lines is known as crossing and it is for the purpose of making payment of the cheque through an account in the name of the payee or holder.14.What are the different kinds of crossing?Two parallel transverse lines drawn on the face of the cheque on top left hand corner of the cheque with any words or without any words is known as general crossing and the the payment can be made to the account of the payee or holder with any bank. In case the name of any bank is mentioned within the two parallel lines, it is known as special crossing and in this case, the payment should be made to the account of the payee or holder with the bank mentioned in the crossing only and not to any other bank.15.What do you mean by CASA?CASA means current and savings and this is applicable to computerized branches linked under core banking solution16.Whose signature is available in Rs. 100/- currency note?The signature of RBI governor is available in Rs. 100 currency note17.What do you know by dividend?Dividend is the return available in the form of money for the investments made by the shareholders in the equity shares and preference shares of any company.18.Bank holidays are declared according to which act?Holidays for banks are declared according to Negotiable Instruments act 1881 by the respective state governments in their states. However, all Sundays, all second and fourth Saturdays have been declared as holidays apart from the holidays permitted for religious and national ceremonies.19.Banks are functioning according to which act?Commercial banks in the country are functioning according to Banking Regulation act 1949 and to some extent as per Reserve Bank of India act 193420.RBI is functioning in the country as per which act?Reserve Bank of India is functioning according to Reserve Bank of India act 1934.Candidate: 00201.What do you mean by a guarantee?Guarantee is an undertaking executed by one person called as guarantor in favour of another person called as beneficiary expressing his intention to make payment in the event of failure of the principal debtor on payment of a debt or failure to perform any contract within the stipulated time or according to the terms of the contract.02.What are the different types of guarantees?The different types of guarantees are financial guarantee, performance guarantee and deferred payment guarantee03.What do you mean by letter of credit?Letter of credit is an undertaking executed by one banker on behalf of its customer to honour bills and documents drawn by another person as per the terms and conditions as mentioned in the letter of credit04.What do you know by packing credit advance?It is the preshipment advance granted by one bank to the exporter for the purpose of procuring raw materials; payment of various duties like customs duty, excise duty; packing charges; shipment charges etc.,05.What do you mean by special crossing?In case the name of any bank is mentioned within the two parallel lines, it is known as special crossing and in this case, the payment should be made to the account of the payee or holder with the bank mentioned in the crossing only and not to any other bank.06.What do you know by IFSC code ?IFSC means Indian Financial System Code and this is one alphanumeric code consisting of eleven digits of which the four alphabetic digits represent the name of the bank mentioned in abridged form and the next zero is known as control number and the last six numeric digits represent the branch code of the bank.07.Which is called as mother of deposits?Savings deposit is known as mother of deposits. Normally the first time customers will be advised to open savings deposits with the bank branch before availing any other facility with the bank08.Who is a called as natural guardian?Bother mother and father are known as natural guardian for the purpose of opening accounts in the name of minors represented by the guardian.09.Whether grandfathers and grandmothers can be natural guardians?Grand fathers, grandmothers grand grandfathers or grand grandmothers cannot represent as natural guardians on be behalf of the minors10.Which type of credit facility is available to a farmer for raising crops?For raising crops, the farmers are provided with crop loans, Kisan Credit Cards etc.,11.What do you mean by NULM?National Urban Livelihoods Mission (NULM) was launched by the Ministry of Housing and Urban Poverty Alleviation (MHUPA), Government of India in 24th September, 2013 by replacing the existing Swarna Jayanti Shahari Rozgar Yojana (SJSRY).The NULM will focus on organizing urban poor in their strong grassroots level institutions, creating opportunities for skill development leading to market-based employment and helping them to set up self-employment venture by ensuring easy access to credit. The Mission is aimed at providing shelter equipped with essential services to the urban homeless in a phased manner. In addition, the Mission would also address livelihood concerns of the urban street vendors12.What do you mean by Gram Sadak Yojana?The Pradhan Mantri Gram Sadak Yojana called as PMGSY was launched by the Government of India for the purpose of providing connectivity to unconnected habitations as part of a poverty reduction strategy. Government of India is endeavouring to set high and uniform technical and management standards and facilitating policy development and planning at state level in order to ensure sustainable management of the rural roads network.13.What are the salient features of MGNREGA?MGNREGA is known as Mahatma Gandhi National Rural Employment Guarantee act and according to this employment is guaranteed at least one person per household in rural areas. It aims at enhancing the livelihood security of people living in rural areas by guaranteeing hundred days of wage employment during each financial year to a rural household whose adult members volunteers to undertake unskilled manual work14.Which authority is supervising the functions of insurance companies?IRDA – Insurance Regulatory and Development Authority is the authority responsible for supervising the functions of insurance companies in our country15.What is meant by IPO?IPO means initial public offer and this is the first time public offer of equity shares, preference shares or debentures to the public for subscription16.What is meant by ASBA?ASBA means applications supported by blocked amount. Nowadays investors are permitted to remit the amount through ASBA demand drafts drawn in ASBA accounts for the purpose of subscribing shares or debentures through initial public offer and further public offer. When the demand draft is issued, instead of debiting the amount in the account, the amount is blocked till such time the shares or debentures are allotted. On allotment, the entire amount is debited; in the case of partial allotment, the amount is debited equivalent to the value of allotment and in the case of non allotment, the entire amount is allowed for further use. For the intervening period, the depositor earns interest as applicable to the category of deposits.17.What is meant by Performance guarantee issued by any commercial bank?In the case of contracts in favour of governments, the contractors are in a position to provide a bank guarantee by a reputed commercial bank, thereby undertaking to guarantee the government department to compensate the loss on account of failure of performance of the contract by the contractor within the due date or failure to perform the contract as per the terms and conditions of the contract. This is known as performance guarantee.18.What do you mean by packing credit facility issued by any commercial bank?Packing guarantee is known as preshipment advance provided by the commercial bank to the exporter for the purpose of procuring raw materials, packing materials or making payment towards customers duty, excise duty, transportation charges etc.,19.What do you mean by notice money?Notice money is money borrowed for a period of two days and more and upto fourteen days in the call money market.20.Treasury bills are issued by which authority and what are the different kinds of treasury bills available in the country?Treasury bills are issued by central government and state governments for the purpose of mobilizing funds from the public and others towards meeting the cost of various projects. There are three kinds of treasury bills as at present namely – 91 days, 182 days and 364 days. 91 days treasury bills are issued each Friday and the notified amount is Rupees one hundred crores. 182 day treasury bills are issued during alternative Wednesdays which is non reporting week and the notified amount is Rupees 100 crores and 364 days treasury bills are issued on alterntive Wednesdays which is a reporting week and the notified amount is Rupees 500 crores.Candidate: 00301.What do you know by PIN number?PIN number is four digit number expressed in numerical characters. PIN number is used for the transactions done using debit cards and credit cards through automated teller machines and point of sale terminals.02.What do you know by PAN number?PAN number is known as permanent account number. This is used for the purpose of remittance of income tax with income tax department. Tax payers should get one PAN number by sending an application along with relevant documents and by payment of specified sum of money to Income tax department or their agencies. It is ten digit number consisting and alphapetical and numerical characters.03.What are the functions of DICGC?DICGC means Deposit Insurance and Credit Guarantee Corporation and this corporation provides deposit insurance upto an amount of Rupees one lakh per depositor per bank in the event of insolvency of the bank and it also provides small loans guarantee upto certain limits04.What is the role played by ECGC?ECGC provides guarantee support to the exporters of the country in the form of several export guarantees05.Mention the Regional Rural Banks which are functioning in Tamilnadu?The Regional rural banks which are functioning in Tamilnadu are Pandiyan Grama Bank and Pallavan Gramin Bank. Pandiyan Grama Bank has been sponsored by Indian Overseas Bank and pallavan Gramin Bank has been sponsored by Indian bank.06.What do you mean by Mergers and what are the different kinds of mergers?When two independent units merge together to form a single unit, it is known as merger. The mergers can be vertical merger, horizontal merger, reverse merger, consolidation, amalgamation etc.,07.What do you mean by horizontal merger and reverse merger?When the business functions of two units are identical in nature and when the merger takes place between those units, it is known as horizontal merger. New Bank of India merged with Punjab National Bank and both are banking organizations. Industrial Credit and Investment Corporation of India Limited was instrumental in establishing ICICI bank as per LPG norms and subsequently Industrial Credit and Investment Corporation Limited merged with ICICI Bank and when a parent unit gets merged with an ancillary unit, it is known as reverse merger.08.Which are the top two private sector banks in our country?The top private sector banks in our country are HDFC bank limited and ICICI bank limited09.Whether housing loan is a priority sector advance and if so, upto what amount?Housing loans granted are treated as priority sector advances subject to certain conditions. Loans to individuals up to Rupees 28 lakh in metropolitan centres (with population of ten lakh and above) and loans up to Rupees 20 lakh in other centres for purchase/construction of a dwelling unit per family, are eligible to be considered as priority sector provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed Rupees 35 lakh and Rupees 25 lakh, respectively. Housing loans to banks’ own employees are not eligible for classification under priority sector.10.Whether educational loan is a priority sector advance?Loans to individuals for educational purposes including vocational courses upto Rupees 10 lakh irrespective of the sanctioned amount are eligible for classification under priority sector.11.What do you mean by micro, small and medium enterprises?The classification is based on original investment in plant and machinery: For micro enterprises, upto Rs. 25 lakhs for manufacturing units and Rupees 10 lakhs for service units; For small enterprises, for manufacturing units above Rupees 25 lakhs and upto Rs. 5 crores and for service units above Rupees 10 lakhs and upto Rupees 2 crores; For medium enterprises, for manufacturing units above Rupees 5 crores and upto 10 crores and for service units above Rupees 2 crores and upto Rupees five crores12.What do you mean by KYC and name any two important documents which are obtained as per KYC?KYC means know your customer guidelines and these guidelines were prescribed by RBI for new customers who are willing to open accounts with commercial banks and according to KYC, any new customer who is willing to open accounts with commercial banks should submit the photocopy of anyone of the following namely; driving licence, voter id card, AADHAARA card, passport as address proof and photocopy of anyone of the following namely; driving licence, voter id card, AADHAAR card, passport, pancard as identity proof. KYC is antimony laundering device.13.What is the present repo rate and reverse repo rate?The present repo rate is 6.25% and reverse repo rate is 5.75%14.In the case of MICR code, the middle three digits represent what?MICR code consists of nine numerical digits and the middle three numerical digits represent bank name15.PAN number consists of how many alpha characters?PAN number consists of ten digits. The first three alpha characters are random alphapetical characters between AAA to ZZZ; next one alpha character represents the category of the cardholder; the next one alpha character represents the first character of the name of the cardholder; the next four numerical digits are auto generated sequential numbers and the last one single alpha character is a check digit.16.What do you know by biometric automated teller machines?In the case of automated teller machines, the four digit numerical PIN number is used for performing transactions using debit card and credit card. In the case of biometric automated teller machines, instead of PIN numbers, anyone of the following body parts is used – left hand thumb impression; eye retina and voice recognition. In India, the left hand thumb impression is the accepted mode and these kinds of automated teller machines are known as green label automated teller machines.17.What is the criteria by which a bank is considered as largest bank?For the purpose of ranking, a bank is considered to be largest or smallest taking into consideration the business position of the bank; namely – the total deposits and total advances as at the end of March each year.18.What do you mean by commercial paper?Commercial papers are issued by well rated organizations for mobilizing funds from the public and other corporate. They are issued at a discount and they are freely negotiable by endorsement and delivery. The minimum maturity period is seven days and the corporate should have earned credit rating equivalent to P2 issued by CRISIL19.What do you mean by FCNR?FCNR means foreign currency non resident accounts. Non resident Indians and Persons of Indian origin are eligible to invest in this deposit. It is a term deposit accepted in the currencies – US dollar, Sterling Pound, Euro, Japanese Yen, Canadian dollar and Australian dollar. The minimum period of deposit is one year and the maximum period is five years and the deposit is held in foreign currencies and the interest earned is free from income tax.20.What do you mean by Escheat?He is a person who dies without leaving any legal heirs and in this case, his estate will revert to the state government.Candidate: 00401.What do you mean by money laundering?Using the banking channel for the purpose of bringing illegal money is known as money laundering.02.What do you mean by subprime lending?Mass lending by commercial banks to the borrowers without ascertaining the credit worthiness of the borrowers03.What is meant by LPG and who is responsible for introduction of LPG strategy in our country?LPG means liberalization, privatization and globalization and this was coined by Dr. Manmohan Singh, the then finance minister of our country. The salient highlights of the Liberalisation, Privatisation and Globalisation Policy in India are: Foreign Technology Agreements; Foreign Investment; MRTP Act, 1969 (Amended); Industrial Licensing; Deregulation Beginning of privatization; Opportunities for overseas trade; Steps to regulate inflation; Tax reforms; Abolition of License -Permit Raj04.What do you mean by PURA?PURA means providing urban amenities in rural areas. This concept was coined by Dr. A.P.J. Abdul Kalam, the then president of India.05.What do you know by current ratio?It is one equation between current assets and current liabilities. This ratio provides the liquidity position of the organization. When the ratio is more than one it is known as positive current ratio and the unit is having sufficient working capital and when it is less than one, the unit is found to have more current liabilities than current assets and the liquidity position is found to be very weak.06.What do you know about negotiable instruments act?In India, the negotiable instruments act was passed during 1881 which came into force with effect from March 01, 1882. Negotiable instruments means and include promissory note, bills of exchange and cheque payable to order or bearer. Promissory note, bill of exchange, cheque and demand draft are negotiable instruments.07.What do you know by MICR?MICR means magnetic ink character recognition. MICR code is available in MICR bank at the bottom of the cheque or demand draft. It consists of nine numerical digits of which the first three digits represent the centre/city; the middle three digits represent the bank and the last three digits represent the branch of the bank.08.When it comes to rural lending, which are all considered to be priority sector advances?When it comes to rural lending, the loans granted to the following are considered to be priority sector advances – Loans granted to all agriculture related activities; self help group; Differential rate of interest; Loans to SC/ST beneficiaries; Loans provided to doctors for setting up clinics in rural areas; Loans to dealers in fertilizers and pesticides; loans to dealers of springler irrigation and drip irrigation equipments etc.,09.Who is called as an authorized dealer?Authorised dealer is at present known as authorized person. Authorised person is an individual or organization permitted to deal in foreign exchange business in the country.10.What do you know by financial inclusion?Financial inclusion means the following: Providing formal banking services to poor people in urban and rural areas; Promoting the habit of money savings, insurance, pension-investment among poor people; Helping the people in getting loans at reasonable rates from commercial banks so that they do not become victims to local moneylenders11.What are the important initiatives taken through financial inclusion in the country?The following are the important initiatives taken through financial inclusion in our country: Lead banking scheme; No frill accounts; Basic savings bank deposit accounts; JANDHAN accounts; business correspondent and business facilitator facilities; Swabhiman campaign;12.What do you mean by MCLR?MCLR replaces the base rate system. RBI introduced the system with effect from 01.04.2016 in order to determine the base rate by commercial to improve the efficiency of monetary policy transmission. All rupee loans sanctioned and credit limits renewed with effect from 01.04.2016 to be priced with reference to MCLR and it will be an internal benchmark for the banks. It consists of marginal cost of funds, negative carry on account of CRR, operating costs and tenor premium. The marginal cost of funds consists of two components namely; marginal cost of borrowings and return on networth13.What are the major money market instruments?Certificate of deposits; Commercial paper; Inter Bank participation certificates; iner bank term money; Treasury bills; Bills rediscounting and call/notice money14.What are the differences between NEFT and RTGS?Both are two categories of online remittance facilities through CBS enabled branches of commercial banks. The minimum balance that can be sent through RTGS is Rupees two lakhs whereas in the case of NEFT, there is no such limit. The beneficiary gets his funds at real time and it means instantaneously without any loss of time. In the case of the beneficiary gets his funds in between batches15.Who is deciding the rate of interest for savings deposit accounts?Rate of interest for savings deposits is decided by respective commercial banks only and RBI has permitted full freedom in this connection.16.Who cannot open savings deposit accounts?Proprietorship concerns, partnership firms, limited liability partnership firms, private limited companies and public limited companies are not permitted to open savings accounts17.What is meant by memorandum of association?Memorandum of association is the parent document for any company whether it is a private limited company or private limited company. It contains the details of formation of the company, policies, objectives, registered office and more.18.What is known as power of attorney?Power of attorney is an authorization given by one person called as principal in favour of another person called as an agent authorizing the agent to perform certain activities on behalf of the principal and it can be specific power of attorney or particular power of attorney.19.In which currencies FCNR accounts can be opened in our country?FCNR account can be opened in the following currencies namely; US dollars, Sterling Pounds; Euro; Japanese Yen; Australian dollars and Canadian dollars.20.What are the differences between NRE and FCNR?NRE and FCNR accounts are opened by non resident Indians and Persons of Indian Origin in India. NRE accounts are to be opened in rupees whereas FCNR is opened in foreign currencies. NRE accounts can be opened in the form of savings account, current account, reinvestment deposit and fixed deposit whereas, FCNR account is permitted to be opened as fixed deposit or reinvestment deposit. NRE term deposits can be opened for a minimum period of seven days and maximum period of ten years. FCNR accounts can be opened for a minimum period of one year and maximum period of five years.Candidate: 00501.What do you mean by masala bonds?Masala bonds are the bonds issued for rupee denominated borrowings by Indian companies in overseas markets02.What do you mean by secondary market in our country?Secondary market pertains to capital market and it is also known as stock exchange or old issues market. Shares, debentures and bonds can be bought and sold from the stock exchange through registered brokers.03.What do you mean by fund based limits and non fund based limits?The loans provided to the borrowers in the form of term loans, overdrafts, cash credits and bills discounting limits are known as fund based limits since funds are released to the borrowers. Guarantees and letter of credits are non fund based limits since no funds are provided for the time being since they are contingent liabilities.04.What do you mean by off balance sheet items?Guarantees, letter of credits and bills sent for collection for which proceeds are yet to be realized are known as off balance sheet items05.What do you mean by closed ended scheme?This is one form of mutual fund scheme. Like initial public offer, the scheme is open for a certain period only and after which the public cannot invest their amount in the units under this scheme.06.What do you mean by open ended scheme?This is one mutual fund scheme and the units under scheme can be purchased and sold at any time07.What do you mean by overdraft facility granted by a bank?Overdraft is a facility granted by the banks towards meeting the working capital requirements of a borrower. This is provided by means of credit limit over and above the current account balance and the borrower has to pay the interest as and when due.08.What do you mean by collateral security?Collateral security is an additional security provided by the borrower in addition to the primary security. For example, in the case of vehicle loan, the car purchased out of loan is known as the prime security and the insurance policy obtained by the bank from the borrower for the sanction of this loan is known as collateral security.09.In regard to educating a customer, what are the different kinds of information boards displayed in a bank branch?The following boards are available in the bank branches – Working hours and business hours; Interest rates on various deposits; Interest rates for loans; Service charges; Time norms for various services; Details of schemes available in the branch10.Who is the present RBI Governor?The present governor of RBI is Shri Urjit Patel and he is functioning as the governor of RBI since 04th September, 201611.What do you mean by unclaimed deposits?The deposits which are not in operation for more than ten years are known as unclaimed deposits. For the purpose of this classification, the customer induced transactions are only taken into account.12.How many regional centres are available for RBI in the country?Reserve Bank of India has four regional centres at the following places – Chennai, Kolkatta, New Delhi and Mumbai.13.What do you mean by white label automated teller machines?The automated teller machines which are maintained and managed by non bank entities are known as white label automated teller machines. In our country TATA Indicash and Muthoot finance are having such machines installed at various centres.14.What are the advantages of CTS?CTS means cheque truncation scheme. This is used for clearing purpose. Normally commercial banks used to send the physical cheques through their15.What do you mean by certificate of deposits?Certificate of deposits are issued by scheduled commercial banks (except Regional Rural Banks) and all financial institutions within their umbrella limits. Individuals, corporate, companies, trusts, funds and associations can invest in certificate of deposits and they are issued for a minimum period of seven days and maximum period of twelve months in the case of commercial banks and in the case of financial institutions the minimum period is one year and maximum three years, Minimum amount for investment is Rupees one lakh and in multiples of Rupees one lakh.16.RBI is called by which names – mention four names?RBI is called by the following names – banker to banker; lender of the last resort; custodian of banks; banker to government;17.What do you mean by ways and means advances?Ways and means advances were introduced as per an agreement between Reserve Bank of India and Government and they are temporary overdraft facilities provided by RBI to central government and state governments and the purpose is to bridge the time interval of mismatch the government expenditure and receipts. The duration of the limit is ten days for central government and 14 days for state government departments.18.Who is banking ombudsman and by whom he is appointed?Banking Ombudsman is an arbitrary authority who resolves the complaints received from the customers of commercial banks in regard to bank related issues.19.What do you mean by EEFC account?Exchange Earner’s Foreign Currency account is an account maintained in an account maintained in foreign currency with an authorized dealer ; i/e/ a bank dealing in foreign exchange. Professionals, exporters, trainers etc., who are in receipt of foreign exchange for the services extended by them in foreign countries can invest the amount in EEFC account and the account will be in the form of current account and no interest is paid for the balance held in EEFC account.20.What do you know by NBFC?NBFC means non banking finance companies. It is a company registered under Indian Companies act 1956 and presently 2013 engaged in the business of providing loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire purchase, insurance business, chit fund business etc.,Candidate: 00601.What do you mean by arbitrage?It is the process of purchase of one security from one market and selling the same security for earning a profit at the same time at another market.02.What do you mean by Bonus shares?It is the free allotment of shares in certain proportion to the existing shares held by the shareholders of a company and this is a means of providing reward to the investors for their contribution to the growth of the organization by capital investment03.What do you mean by Bull?It is a term given to a speculator on stock exchange who buys the securities in expectation of a rise in the prices. The market is called as bullish when there is a domination of buyers over the sellers04.What is known as dematerialization?Dematerialisation is the process by which shares in the physical form are cancelled and they are issued in electronic form. The certificates are known as demat shares. This process eliminates the time and manpower involved in transfer and registration of shares from the seller to the buyer05.What do you mean by moorat trading?It is the auspicious trading on a special day, say Diwali during some specified hours.06.What do you mean by rights issue?It is the issue of new shares to the existing shareholders in a fixed ratio to those already held at a price which is generally below the market price of the old shares.07.What do you mean by futures?It is a standard contract issued on an agreement to buy or sell an asset at a certain price at a certain time in future. It is an obligation on the buyer to purchase the underlying instrument and the seller to sell it.08.What do you mean by forward?The forward is a contract that is traded off the stock exchange and it is self regulatory and has certain flexibility unlike future which are traded at stock exchange only and it do not have flexibility of quantity and quality of commodity to be delivered and these are regulated by Securities Exchange Board of India, Reserve Bank of India or other agencies.09.What do you mean by factoring?Factoring is an arrangement in which short term domestic receivables on sale of goods or services are sold to a company called as factor and this scheme came into existence during 1991 based on the report of Kalyanasundaram Committee10.What do you mean by forfeiting?Forfaiting represents the purchase of obligations, which fall due at some future date and arise from the delivery of goods in export transactions, without recourse to the previous holder of the obligations.11.What do you mean by leasing?A lease is a contract where the owner of the assets transfers the right to another person to use the assets against the payment of fixed lease rentals. In the case of one lease contract, there are two parties namely – the lessor or the owner and the lessee or user. The lessor remains owner and the leased property remains with the possession of the lessee.12.What do you mean by debt market?It is a market wherein the debt instruments are issued to the public by any company for investment and such debt instrument bears a fixed interest rate payable half yearly on specific dates and principal amount repayable on particular date on redemption. Debentures are normally secured/charged against the asset of the company in favour of debenture holder. The following are some debt instruments – debenture; bond; zero coupon bond; convertible bond; security receipts etc.,13.What do you mean by greenshoe option?It is an option provided by Securities and Exchange Board of India to a company which is coming out with one initial public offer to the public. By this option, the company can retain certain portion of the applications received through IPO in case of oversubscription.14.What do you mean by equity market?Equity market consists of investment by the public in different kinds of shares issued by the company and by subscribing for the shares, the investors are expressing their willingness to stand as owners of the company. The equity market consists of equity shares, preference shares, rights shares, bonus shares etc.,15.What do you mean by sweat equity?Directors and employees contribute intellectual property rights to the company in the form of providing technical know-how captured by way of research or contributed by way of strategy software developed for the company or adding profit and economic value. To compensate the directors and employees, the concept of sweat equity has come into existence.16.What do you mean by participatory notes?A participatory note is a financial derivative instrument issued against an underlying security and it allows the holder, to get dividend or capital gains earned from the underlying security although some of the holders may not be eligible to trade in stock markets in India.17.What do you mean by book building?Book building is the process to assess the demand for a particular public issue of various prices, based on which the issue is priced and sold to the investors.18.What do you mean by sensex?It is a stock market index provided by Bombay Stock Exchange for the information of the investors. The positive or negative variation in the index provides an insight for investment or dis-investment to the general public and especially the investors in the stock market. It is based on the market capitalization of top thirty shares earmarked by BSE19.What do you mean by Nifty?It is a stock market index provided by National Stock Exchange for the information of the investors. The positive or negative variation in the index provides an insight for the investment or dis-investment to the general public and especially the investors who are participating in stock market trading. It is based on the market capitalization of top fifty shares earmarked by NSE20.What do you mean by swap?A swap is a contract that binds two counterparties to exchange the different streams of payments over the specified period at specified rate.

There may not be much questions on the subject especially on mathematics, chemistry or physics.There may be questions on the following subjects:CommerceEconomicsHistoryComputer scienceIt has to be noted that the interview is conducted by only retired bank executives and the following will be their main focus when it comes to questions:BankingEconomicsCapital marketCurrent affairsRecent budgetPersonalities who are in the news recentlyRecent happenings in the field of banking, politics and money mattersPlease read the following for better guidance:Tips for Interview for recruitment as Probationary Officers in banksInstructions to candidatesThe purpose of the interview:The purpose of any interview is to select one suitable individual for the concerned post. The person to be interviewed may be having higher qualifications; however, he may not be having the requisite potentials or caliber in handling the job offered namely; better communication ability, leadership quality, emotional strength and efficient interpersonal relationship. Banking demands people who are willing to work hard by mingling with customers freely and friendly apart from maintaining a cordial; social and friendly relationship with the colleagues and superiors.Phases of the interview:The interview is conducted in four phases namely;·the first phase during the course of which questions are asked about the individual and his specialization in any area;·the second phase wherein questions are asked about the bank for which the interview is conducted;·the third phase wherein questions are asked about general banking, economy, finance and latest developments and·the fourth phase is the final round for the interview.The interview committee:The interview committee consists of three to five imminent personalities who are well versed in banking matters and normally the services of executives or retired executives of various commercial banks are utilized for the purpose of conducting the interview. The following system is adopted by the committee members during the course of interview process:·While one member poses questions to the candidate, the remaining members observe the body language of the individual as to how he reacts to the questions and especially in respect of difficult questions;·They also review as to how the candidate comes forward in presenting his answers in a crisp manner thereby providing the relevant points expected by the committee members at the shortest possible time.·Basing upon the answering ability, communication ability, level of confidence, willingness to accept challenges etc., the committee members select the individuals by awarding better gradation.·When the candidate is found to be inattentive on account of low level of self confidence or some other factors, the committee members pose provoking questions so that the candidate is emotionally provoked and aroused to come forward with appropriate answers.The interview process:The interview process consists of the following stages:·Attendance marking by the candidate at the reception committee and filling up the relevant format thereby furnishing his details;·Verification of the certificates namely; qualification certificates, experience certificates, certificates relating to extracurricular activities etc., by the reception committee/team members;·Candidate waiting at the reception hall for his turn;·Once called, candidate entering into the interview room duly seeking permission of the team members;·Candidate thanking the interview members for permitting him/her inside the cabin;·Candidate sitting on the seat once offered by one/more members in the interview committee;·Candidate thanking the person who had offered the seat;·Candidate shaking his hands with the members, if offered;·Candidate eagerly awaiting for the questions from the members;·Candidate mentally preparing himself to attend the interview with full concentration maintaining regular eye contact with the committee members;·Candidate answering the questions posed by the members enthusiastically, till the entire process is treated as completed;·Candidate collecting all certificates and documents once the interview is treated as completed;·Candidate thanking the committee members and·Candidate politely raising from the chair, walking towards the entrance, opening the cabin door and gently closing the door behind him;·Candidate meeting other candidates awaiting at the reception hall cheerfully.Dress code:·Dress code is most important aspect and a person is judged by the dress he wears. Dress makes half man.·For men: Please wear a neat full length trouser and one full length shirt – preferably white or light shaded; Usage of “T” shirts greatly dampens the image of the candidate and the purpose of using any ‘T” shirt is to have better comfort during the course of walking, relaxing, jogging, running, partying and relaxing. As such “T” shirts are not considered to be a fit wear during professional meetings including interviews. Do not wear highly dark colored and checked dresses. The candidate has to wear a good quality shoes neatly polished. If possible he can wear a “tie” and this is purely optional and certain organizations pay more attention to the personality of an individual which gets improved by way of better dressing.·For girls: Under any circumstances girls should not wear provoking dresses namely; “T” shirts, jeans pants, trousers, half gowns and shirts with messages and blouses with low cuts. A neat chudithar is considered to be the best option and wearing of sarees improves the image of the individual.A.Questions during the first phase:·Initially the candidates are invited to tell about their personal life and interests, their family members, their ambitions, their qualifications, their achievements in studies, sports, music and any other extracurricular activities;·The second question is about the place to which the candidate belongs. In case the candidate belongs to Chennai, he will be asked to tell about Chennai and the importance of the place. Necessarily the candidate should have a thorough knowledge about the place from which he is hailing;·The interviewers will pose “ice breaking questions” in order to shift the focus of the candidate. This is for the purpose of finding out the reaction of the candidate during such “focus change”. (Banks demand people who are able to face any challenges);·During the first two to three minutes, more than 80 percent of the questions will be on the personal details and basic information about the candidate. It has to be remembered that – “The first impression is the best impression” and accordingly the candidate has to behave politely, calmly, courageously and confidently.Sample questions during the first phase:·01. My dear friend, now tell us about yourself: The candidate has to inform in a crisp manner about himself, his family, his qualifications, achievements if any etc. Unnecessary details should be avoided altogether and the candidates at no cost should provide information to the committee members with an intention to derive sympathy from the committee members. Such an attitude will prompt the members either to reject or award poor marks.·02. I see – you are from Chennai – please tell me about Chennai: Since the candidate belongs to Chennai, he is invited to tell about Chennai and he should have pre-hand information about Chennai and should come forward to tell about important places in Chennai namely; Marina beach, High Court, Kabaleeswarar Temple, Metro train facilities, Santhome church, International airport, Asia’s biggest bus station at Koyembedu and many more.·03. I find that you had studied in Presidency college. What was the reason for your preference of this college?. How was your life in the college? The candidate has to tell about the college; the achievements of the college in academic scenario as well as in sports and in other areas;·04. I find that you had studied “EEE” - why you had chosen the course? The candidate has to tell about the purpose and the potential available for the students who had opted to pursue EEE course.·05. You are in Chennai for a long period. What is your opinion about Chennai?·06. You are having “EEE” in engineering and why you are willing to get employed in banks? (Your reply should be – In fact by working in a bank, I can develop my relationship with public in a better manner; improve my knowledge and provide better service to as many people as possible since the banks are purely service oriented organisations. I find that I can have more career prospects in future by getting employed in the banks)·07. What are your strengths and weaknesses? – Your answer should be: I am always willing to work hard under all circumstances and since I have a good communication ability, I hope that I can surely develop friendship with my colleagues, clients and others in a fast manner so that I can contribute better to the society.·08. You are a highly qualified person having one MBA degree apart from a degree in Engineering. What is the guarantee that you will be in the bank without shifting your attention to some other employment potential after some time?: Your reply should not be: On account of unemployment problem, I am joining the bank; Your reply should be – even though I have better qualifications, I wish to work in the banking industry because I can have better opportunities to serve for the welfare of the society by working in the bank than any other organisations.Responsibilities of the candidates appearing for the interview:The candidate should do a home work and he should always depend upon his positive straits namely; his strength, achievements and abilities and necessarily he should believe in himself that he can accept and do the job in a better manner and he should altogether avoid any negative reply or angry reply under any circumstances; even when provoked or tempted by the interview board members and the candidate should remain calm and wear a broad smile during the entire interview process.A smile has the power to keep the individual in better spirits at all times.The following question may provoke the candidate –·Dear friend, considering your personality, I find that you look like a film actor. How do you feel yourself ?(You had not at all expected this question and you are tempted to provide an apt reply to them: Your reply should be– In fact I am fond of wearing a neat dress and I take care of my health by doing physical exercises regularly apart from eating moderate food and getting into the bed at the appropriate time. I always believe in the following proverb – “Health is wealth”. An individual may not be in a position to discharge his duties properly without adequate health. The habit of eating quality food, regular exercise and better dressing are the factors which are responsible for my personality.B.Second phase of the interview process:During this phase, questions will be asked about the bank for which the candidate is appearing for the interview and the following are some sample questions in case the candidate is appearing for a post in Punjab National Bank:·Do you know – where is the head office of Punjab National Bank?·Who is the present chairman of the bank?·How many branches are there in Punjab National Bank as on date?·Can you tell me about the total business of the bank?·Can you tell me about some deposit schemes available in the bank?·What do you know about the logo of Punjab National Bank?·What is the punchline of Punjab National Bank?·What is the position of Punjab National Bank among the commercial banks in the country as on date?(It is the responsibility of the candidate to collect the necessary information about the bank for which he is appearing for the interview by visiting the website of the bank and referring other material sources in order to get the required information about the bank namely; the headquarters, number of branches, total business, profit position, important schemes, tie up with another banks, achievements of the bank, if any; the present position and ranking of the bank in terms of business, profitability, non performing assets, productivity of the employee etc., In case the candidate is appearing for a group of banks, he should have information in general about all the banks in the group)C.Third phase of the interview:During this phase, questions will be asked on general banking practices as mentioned below:The following are the questions regarding the banks in general:·Have you visited any bank branch? What was your experience?·What is the business of any bank?·What are the essential/primary functions of any bank?·What are the secondary functions of any bank?·Who can open a savings bank account?·What do you know by KYC guidelines?·Why banks insist customers in adhering to KYC guidelines?·What is the difference between Current deposit account and Savings deposit account?·What do you mean by CASA account?·Who normally opens a current account?·What do you know by a fixed deposit account?·Can a company open a savings account?·Can the director of a company open a savings account?·Who is the controlling authority for the banks in India?·What is a foreign bank?·What is meant by a public sector bank?·Which is the largest private sector bank in the country?·Which is the largest bank in the country?·You are working as an officer in savings department. The customer complains about the irritating behavior of the clerk who is working under your supervision. What will you do in this situation?·Your manager delegates some work and you are failing in doing the work within the allotted time and your manager is not happy with your performance. How will you convince your manager?·Today there is some news about annual credit policy. What do you know by that?·What do you know by reverse repo rate?·What is called as inflation?·What is rupee convertibility?·What do you know by gross domestic product?·What do you know by ASBA?·What do you know by Sensex?·What do you know by a convertible debenture?·What is an initial public offer?·What do you know by facebook – whether it is good or bad for any individual and what is your opinion?·What are the advantages and disadvantages of Whatsapp?·What is your opinion about currency demonetization and how far the process helps in improving the economy of the country?(The above questions are illustrative and not exhaustive and the candidate should know fairly well about many banking as well as general aspects)D.The fourth phase of the interview:Like the initial phase or first phase, this fourth phase is also important wherein tricky questions will be asked as mentioned below:·You are hailing from Coimbatore. In case you are posted to Chennai whether you will be willing to work at Chennai?. (Your answer: If I am posted at Coimbatore, I shall try my level best to bring more business to the bank since I know the place and people well and I can take care of family members who are dependent on me. Even otherwise, I shall discharge my duties to the best when I am posted at Chennai)·Suddenly on account of computer crash, you have to sit late – whether you will be willing to sit late and finish the job or leave early without informing your superiors? (Definitely I will never mind in sitting late and I shall always cooperate with my superiors in finishing the day to day functions of the branch. I am one among the team members and I have the responsibility to cooperate with other members during critical situations)·What information are you willing to tell about yourself? (If I am selected, I shall work hard and I shall discharge my duties to the entire satisfaction of my superiors. I shall always do the best from my side for the growth of my organization.)Selected Interview QuestiomsCandidate: 00101.Why you are willing to join in a bank?I am willing to join in a bank since I hope that I may be having more opportunities to serve the public. Banks have better career opportunities by means of periodical promotions to higher cadre.02.What do you mean by appraisal of gold loans?Gold loans are granted against the security of gold jewellery namely gold chains, necklaces etc., The jewellery apart from gold contains certain amount of copper and stones. Appraiser is a person well versed in the art of appraising the jewellery and on appraisal of the jewellery, he will be finding out the approximate gold content so that the bank may be able to provide loans against the gold content.03.What are the different kinds of term deposits available in a commercial bank?The different kinds of term deposits available in a commercial bank are – fixed deposit, recurring deposit and reinvestment deposit. In the case of fixed deposit, a fixed amount is accepted for a definite period and interest is paid on quarterly basis. In the case of reinvestment deposit which is similar to fixed deposit, interest is paid on maturity since interest is reinvested. In the case of recurring deposit, monthly instalments are accepted for a fixed period.04.What is the minimum period for which a fixed deposit is accepted and the maximum period for which a fixed deposit is accepted?The minimum period for which fixed deposit is accepted is seven days and the maximum period is ten years.05.Whether a fixed deposit can be accepted for a period more than ten years?In the case of deposits in the names of minors on account of settlement of claims, the deposit can be for more than ten years06.What do you mean by FERA?FERA means foreign exchange regulations act and it came into effect from the year 1973. An act to regulate certain payments dealing in foreign exchange, securities, the import & export of currency and acquisition of immovable property by foreigners. Under Section 31 (1) of the Foreign Exchange Regulation Act ( FERA) of 1973, it is mandatory for foreign corporations, which are not incorporated in India to obtain permission from the Reserve Bank Of India (RBI) to acquire, hold, transfer or dispose off in any manner (expect by way of lease for a period not exceeding five years) any immovable property in India.07.What do you mean by ECS?ECS means electronic clearing service and the customer can authorize on periodical basis to make payment of certain utility bills like electricity charges, water charges etc., by debiting his account till such time he submits a revocation letter. Similarly, he can authorize corporate to credit the dividends on shares and interest on debentures as and when due to the credit of his account with the bank.08.What is the minimum amount that can be sent through RTGS?The minimum amount that can be sent through RTGS is Rupees two lakhs and there is no maximum limit09.What is the maximum amount that can be remitted through NEFT?There is no or maximum limit for remittances sent through NEFT10.What is the maximum amount that can be sent abroad by any resident individual?Under liberalized remittance scheme, all resident individuals including minors are allowed to freely remit an amount upto US dollars 250000 (or its equivalent freely convertible foreign currency) per financial year11..What is the name of apex bank which is responsible for the development of agriculture in the country?NABARD is the apex bank which is responsible for the development of agriculture in the country.12.What are the different kinds of schemes available in our country aiming towards poverty alleviation?National old age pension scheme; Jawahar Gramin Samruddi Yojana; National Family Benefit scheme; Mahatma Gandhi National Rural Employment Guarantee Scheme; National Maternal Benefit Schemel Annapurna etc.,13.What do you mean by crossing of any cheque?Writing of two parallel transverse lines drawn on the face of the cheque on top left hand corner with or without any words between the lines is known as crossing and it is for the purpose of making payment of the cheque through an account in the name of the payee or holder.14.What are the different kinds of crossing?Two parallel transverse lines drawn on the face of the cheque on top left hand corner of the cheque with any words or without any words is known as general crossing and the the payment can be made to the account of the payee or holder with any bank. In case the name of any bank is mentioned within the two parallel lines, it is known as special crossing and in this case, the payment should be made to the account of the payee or holder with the bank mentioned in the crossing only and not to any other bank.15.What do you mean by CASA?CASA means current and savings and this is applicable to computerized branches linked under core banking solution16.Whose signature is available in Rs. 100/- currency note?The signature of RBI governor is available in Rs. 100 currency note17.What do you know by dividend?Dividend is the return available in the form of money for the investments made by the shareholders in the equity shares and preference shares of any company.18.Bank holidays are declared according to which act?Holidays for banks are declared according to Negotiable Instruments act 1881 by the respective state governments in their states. However, all Sundays, all second and fourth Saturdays have been declared as holidays apart from the holidays permitted for religious and national ceremonies.19.Banks are functioning according to which act?Commercial banks in the country are functioning according to Banking Regulation act 1949 and to some extent as per Reserve Bank of India act 193420.RBI is functioning in the country as per which act?Reserve Bank of India is functioning according to Reserve Bank of India act 1934.Candidate: 00201.What do you mean by a guarantee?Guarantee is an undertaking executed by one person called as guarantor in favour of another person called as beneficiary expressing his intention to make payment in the event of failure of the principal debtor on payment of a debt or failure to perform any contract within the stipulated time or according to the terms of the contract.02.What are the different types of guarantees?The different types of guarantees are financial guarantee, performance guarantee and deferred payment guarantee03.What do you mean by letter of credit?Letter of credit is an undertaking executed by one banker on behalf of its customer to honour bills and documents drawn by another person as per the terms and conditions as mentioned in the letter of credit04.What do you know by packing credit advance?It is the preshipment advance granted by one bank to the exporter for the purpose of procuring raw materials; payment of various duties like customs duty, excise duty; packing charges; shipment charges etc.,05.What do you mean by special crossing?In case the name of any bank is mentioned within the two parallel lines, it is known as special crossing and in this case, the payment should be made to the account of the payee or holder with the bank mentioned in the crossing only and not to any other bank.06.What do you know by IFSC code ?IFSC means Indian Financial System Code and this is one alphanumeric code consisting of eleven digits of which the four alphabetic digits represent the name of the bank mentioned in abridged form and the next zero is known as control number and the last six numeric digits represent the branch code of the bank.07.Which is called as mother of deposits?Savings deposit is known as mother of deposits. Normally the first time customers will be advised to open savings deposits with the bank branch before availing any other facility with the bank08.Who is a called as natural guardian?Bother mother and father are known as natural guardian for the purpose of opening accounts in the name of minors represented by the guardian.09.Whether grandfathers and grandmothers can be natural guardians?Grand fathers, grandmothers grand grandfathers or grand grandmothers cannot represent as natural guardians on be behalf of the minors10.Which type of credit facility is available to a farmer for raising crops?For raising crops, the farmers are provided with crop loans, Kisan Credit Cards etc.,11.What do you mean by NULM?National Urban Livelihoods Mission (NULM) was launched by the Ministry of Housing and Urban Poverty Alleviation (MHUPA), Government of India in 24th September, 2013 by replacing the existing Swarna Jayanti Shahari Rozgar Yojana (SJSRY).The NULM will focus on organizing urban poor in their strong grassroots level institutions, creating opportunities for skill development leading to market-based employment and helping them to set up self-employment venture by ensuring easy access to credit. The Mission is aimed at providing shelter equipped with essential services to the urban homeless in a phased manner. In addition, the Mission would also address livelihood concerns of the urban street vendors12.What do you mean by Gram Sadak Yojana?The Pradhan Mantri Gram Sadak Yojana called as PMGSY was launched by the Government of India for the purpose of providing connectivity to unconnected habitations as part of a poverty reduction strategy. Government of India is endeavouring to set high and uniform technical and management standards and facilitating policy development and planning at state level in order to ensure sustainable management of the rural roads network.13.What are the salient features of MGNREGA?MGNREGA is known as Mahatma Gandhi National Rural Employment Guarantee act and according to this employment is guaranteed at least one person per household in rural areas. It aims at enhancing the livelihood security of people living in rural areas by guaranteeing hundred days of wage employment during each financial year to a rural household whose adult members volunteers to undertake unskilled manual work14.Which authority is supervising the functions of insurance companies?IRDA – Insurance Regulatory and Development Authority is the authority responsible for supervising the functions of insurance companies in our country15.What is meant by IPO?IPO means initial public offer and this is the first time public offer of equity shares, preference shares or debentures to the public for subscription16.What is meant by ASBA?ASBA means applications supported by blocked amount. Nowadays investors are permitted to remit the amount through ASBA demand drafts drawn in ASBA accounts for the purpose of subscribing shares or debentures through initial public offer and further public offer. When the demand draft is issued, instead of debiting the amount in the account, the amount is blocked till such time the shares or debentures are allotted. On allotment, the entire amount is debited; in the case of partial allotment, the amount is debited equivalent to the value of allotment and in the case of non allotment, the entire amount is allowed for further use. For the intervening period, the depositor earns interest as applicable to the category of deposits.17.What is meant by Performance guarantee issued by any commercial bank?In the case of contracts in favour of governments, the contractors are in a position to provide a bank guarantee by a reputed commercial bank, thereby undertaking to guarantee the government department to compensate the loss on account of failure of performance of the contract by the contractor within the due date or failure to perform the contract as per the terms and conditions of the contract. This is known as performance guarantee.18.What do you mean by packing credit facility issued by any commercial bank?Packing guarantee is known as preshipment advance provided by the commercial bank to the exporter for the purpose of procuring raw materials, packing materials or making payment towards customers duty, excise duty, transportation charges etc.,19.What do you mean by notice money?Notice money is money borrowed for a period of two days and more and upto fourteen days in the call money market.20.Treasury bills are issued by which authority and what are the different kinds of treasury bills available in the country?Treasury bills are issued by central government and state governments for the purpose of mobilizing funds from the public and others towards meeting the cost of various projects. There are three kinds of treasury bills as at present namely – 91 days, 182 days and 364 days. 91 days treasury bills are issued each Friday and the notified amount is Rupees one hundred crores. 182 day treasury bills are issued during alternative Wednesdays which is non reporting week and the notified amount is Rupees 100 crores and 364 days treasury bills are issued on alterntive Wednesdays which is a reporting week and the notified amount is Rupees 500 crores.Candidate: 00301.What do you know by PIN number?PIN number is four digit number expressed in numerical characters. PIN number is used for the transactions done using debit cards and credit cards through automated teller machines and point of sale terminals.02.What do you know by PAN number?PAN number is known as permanent account number. This is used for the purpose of remittance of income tax with income tax department. Tax payers should get one PAN number by sending an application along with relevant documents and by payment of specified sum of money to Income tax department or their agencies. It is ten digit number consisting and alphapetical and numerical characters.03.What are the functions of DICGC?DICGC means Deposit Insurance and Credit Guarantee Corporation and this corporation provides deposit insurance upto an amount of Rupees one lakh per depositor per bank in the event of insolvency of the bank and it also provides small loans guarantee upto certain limits04.What is the role played by ECGC?ECGC provides guarantee support to the exporters of the country in the form of several export guarantees05.Mention the Regional Rural Banks which are functioning in Tamilnadu?The Regional rural banks which are functioning in Tamilnadu are Pandiyan Grama Bank and Pallavan Gramin Bank. Pandiyan Grama Bank has been sponsored by Indian Overseas Bank and pallavan Gramin Bank has been sponsored by Indian bank.06.What do you mean by Mergers and what are the different kinds of mergers?When two independent units merge together to form a single unit, it is known as merger. The mergers can be vertical merger, horizontal merger, reverse merger, consolidation, amalgamation etc.,07.What do you mean by horizontal merger and reverse merger?When the business functions of two units are identical in nature and when the merger takes place between those units, it is known as horizontal merger. New Bank of India merged with Punjab National Bank and both are banking organizations. Industrial Credit and Investment Corporation of India Limited was instrumental in establishing ICICI bank as per LPG norms and subsequently Industrial Credit and Investment Corporation Limited merged with ICICI Bank and when a parent unit gets merged with an ancillary unit, it is known as reverse merger.08.Which are the top two private sector banks in our country?The top private sector banks in our country are HDFC bank limited and ICICI bank limited09.Whether housing loan is a priority sector advance and if so, upto what amount?Housing loans granted are treated as priority sector advances subject to certain conditions. Loans to individuals up to Rupees 28 lakh in metropolitan centres (with population of ten lakh and above) and loans up to Rupees 20 lakh in other centres for purchase/construction of a dwelling unit per family, are eligible to be considered as priority sector provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed Rupees 35 lakh and Rupees 25 lakh, respectively. Housing loans to banks’ own employees are not eligible for classification under priority sector.10.Whether educational loan is a priority sector advance?Loans to individuals for educational purposes including vocational courses upto Rupees 10 lakh irrespective of the sanctioned amount are eligible for classification under priority sector.11.What do you mean by micro, small and medium enterprises?The classification is based on original investment in plant and machinery: For micro enterprises, upto Rs. 25 lakhs for manufacturing units and Rupees 10 lakhs for service units; For small enterprises, for manufacturing units above Rupees 25 lakhs and upto Rs. 5 crores and for service units above Rupees 10 lakhs and upto Rupees 2 crores; For medium enterprises, for manufacturing units above Rupees 5 crores and upto 10 crores and for service units above Rupees 2 crores and upto Rupees five crores12.What do you mean by KYC and name any two important documents which are obtained as per KYC?KYC means know your customer guidelines and these guidelines were prescribed by RBI for new customers who are willing to open accounts with commercial banks and according to KYC, any new customer who is willing to open accounts with commercial banks should submit the photocopy of anyone of the following namely; driving licence, voter id card, AADHAARA card, passport as address proof and photocopy of anyone of the following namely; driving licence, voter id card, AADHAAR card, passport, pancard as identity proof. KYC is antimony laundering device.13.What is the present repo rate and reverse repo rate?The present repo rate is 6.25% and reverse repo rate is 5.75%14.In the case of MICR code, the middle three digits represent what?MICR code consists of nine numerical digits and the middle three numerical digits represent bank name15.PAN number consists of how many alpha characters?PAN number consists of ten digits. The first three alpha characters are random alphapetical characters between AAA to ZZZ; next one alpha character represents the category of the cardholder; the next one alpha character represents the first character of the name of the cardholder; the next four numerical digits are auto generated sequential numbers and the last one single alpha character is a check digit.16.What do you know by biometric automated teller machines?In the case of automated teller machines, the four digit numerical PIN number is used for performing transactions using debit card and credit card. In the case of biometric automated teller machines, instead of PIN numbers, anyone of the following body parts is used – left hand thumb impression; eye retina and voice recognition. In India, the left hand thumb impression is the accepted mode and these kinds of automated teller machines are known as green label automated teller machines.17.What is the criteria by which a bank is considered as largest bank?For the purpose of ranking, a bank is considered to be largest or smallest taking into consideration the business position of the bank; namely – the total deposits and total advances as at the end of March each year.18.What do you mean by commercial paper?Commercial papers are issued by well rated organizations for mobilizing funds from the public and other corporate. They are issued at a discount and they are freely negotiable by endorsement and delivery. The minimum maturity period is seven days and the corporate should have earned credit rating equivalent to P2 issued by CRISIL19.What do you mean by FCNR?FCNR means foreign currency non resident accounts. Non resident Indians and Persons of Indian origin are eligible to invest in this deposit. It is a term deposit accepted in the currencies – US dollar, Sterling Pound, Euro, Japanese Yen, Canadian dollar and Australian dollar. The minimum period of deposit is one year and the maximum period is five years and the deposit is held in foreign currencies and the interest earned is free from income tax.20.What do you mean by Escheat?He is a person who dies without leaving any legal heirs and in this case, his estate will revert to the state government.Candidate: 00401.What do you mean by money laundering?Using the banking channel for the purpose of bringing illegal money is known as money laundering.02.What do you mean by subprime lending?Mass lending by commercial banks to the borrowers without ascertaining the credit worthiness of the borrowers03.What is meant by LPG and who is responsible for introduction of LPG strategy in our country?LPG means liberalization, privatization and globalization and this was coined by Dr. Manmohan Singh, the then finance minister of our country. The salient highlights of the Liberalisation, Privatisation and Globalisation Policy in India are: Foreign Technology Agreements; Foreign Investment; MRTP Act, 1969 (Amended); Industrial Licensing; Deregulation Beginning of privatization; Opportunities for overseas trade; Steps to regulate inflation; Tax reforms; Abolition of License -Permit Raj04.What do you mean by PURA?PURA means providing urban amenities in rural areas. This concept was coined by Dr. A.P.J. Abdul Kalam, the then president of India.05.What do you know by current ratio?It is one equation between current assets and current liabilities. This ratio provides the liquidity position of the organization. When the ratio is more than one it is known as positive current ratio and the unit is having sufficient working capital and when it is less than one, the unit is found to have more current liabilities than current assets and the liquidity position is found to be very weak.06.What do you know about negotiable instruments act?In India, the negotiable instruments act was passed during 1881 which came into force with effect from March 01, 1882. Negotiable instruments means and include promissory note, bills of exchange and cheque payable to order or bearer. Promissory note, bill of exchange, cheque and demand draft are negotiable instruments.07.What do you know by MICR?MICR means magnetic ink character recognition. MICR code is available in MICR bank at the bottom of the cheque or demand draft. It consists of nine numerical digits of which the first three digits represent the centre/city; the middle three digits represent the bank and the last three digits represent the branch of the bank.08.When it comes to rural lending, which are all considered to be priority sector advances?When it comes to rural lending, the loans granted to the following are considered to be priority sector advances – Loans granted to all agriculture related activities; self help group; Differential rate of interest; Loans to SC/ST beneficiaries; Loans provided to doctors for setting up clinics in rural areas; Loans to dealers in fertilizers and pesticides; loans to dealers of springler irrigation and drip irrigation equipments etc.,09.Who is called as an authorized dealer?Authorised dealer is at present known as authorized person. Authorised person is an individual or organization permitted to deal in foreign exchange business in the country.10.What do you know by financial inclusion?Financial inclusion means the following: Providing formal banking services to poor people in urban and rural areas; Promoting the habit of money savings, insurance, pension-investment among poor people; Helping the people in getting loans at reasonable rates from commercial banks so that they do not become victims to local moneylenders11.What are the important initiatives taken through financial inclusion in the country?The following are the important initiatives taken through financial inclusion in our country: Lead banking scheme; No frill accounts; Basic savings bank deposit accounts; JANDHAN accounts; business correspondent and business facilitator facilities; Swabhiman campaign;12.What do you mean by MCLR?MCLR replaces the base rate system. RBI introduced the system with effect from 01.04.2016 in order to determine the base rate by commercial to improve the efficiency of monetary policy transmission. All rupee loans sanctioned and credit limits renewed with effect from 01.04.2016 to be priced with reference to MCLR and it will be an internal benchmark for the banks. It consists of marginal cost of funds, negative carry on account of CRR, operating costs and tenor premium. The marginal cost of funds consists of two components namely; marginal cost of borrowings and return on networth13.What are the major money market instruments?Certificate of deposits; Commercial paper; Inter Bank participation certificates; iner bank term money; Treasury bills; Bills rediscounting and call/notice money14.What are the differences between NEFT and RTGS?Both are two categories of online remittance facilities through CBS enabled branches of commercial banks. The minimum balance that can be sent through RTGS is Rupees two lakhs whereas in the case of NEFT, there is no such limit. The beneficiary gets his funds at real time and it means instantaneously without any loss of time. In the case of the beneficiary gets his funds in between batches15.Who is deciding the rate of interest for savings deposit accounts?Rate of interest for savings deposits is decided by respective commercial banks only and RBI has permitted full freedom in this connection.16.Who cannot open savings deposit accounts?Proprietorship concerns, partnership firms, limited liability partnership firms, private limited companies and public limited companies are not permitted to open savings accounts17.What is meant by memorandum of association?Memorandum of association is the parent document for any company whether it is a private limited company or private limited company. It contains the details of formation of the company, policies, objectives, registered office and more.18.What is known as power of attorney?Power of attorney is an authorization given by one person called as principal in favour of another person called as an agent authorizing the agent to perform certain activities on behalf of the principal and it can be specific power of attorney or particular power of attorney.19.In which currencies FCNR accounts can be opened in our country?FCNR account can be opened in the following currencies namely; US dollars, Sterling Pounds; Euro; Japanese Yen; Australian dollars and Canadian dollars.20.What are the differences between NRE and FCNR?NRE and FCNR accounts are opened by non resident Indians and Persons of Indian Origin in India. NRE accounts are to be opened in rupees whereas FCNR is opened in foreign currencies. NRE accounts can be opened in the form of savings account, current account, reinvestment deposit and fixed deposit whereas, FCNR account is permitted to be opened as fixed deposit or reinvestment deposit. NRE term deposits can be opened for a minimum period of seven days and maximum period of ten years. FCNR accounts can be opened for a minimum period of one year and maximum period of five years.Candidate: 00501.What do you mean by masala bonds?Masala bonds are the bonds issued for rupee denominated borrowings by Indian companies in overseas markets02.What do you mean by secondary market in our country?Secondary market pertains to capital market and it is also known as stock exchange or old issues market. Shares, debentures and bonds can be bought and sold from the stock exchange through registered brokers.03.What do you mean by fund based limits and non fund based limits?The loans provided to the borrowers in the form of term loans, overdrafts, cash credits and bills discounting limits are known as fund based limits since funds are released to the borrowers. Guarantees and letter of credits are non fund based limits since no funds are provided for the time being since they are contingent liabilities.04.What do you mean by off balance sheet items?Guarantees, letter of credits and bills sent for collection for which proceeds are yet to be realized are known as off balance sheet items05.What do you mean by closed ended scheme?This is one form of mutual fund scheme. Like initial public offer, the scheme is open for a certain period only and after which the public cannot invest their amount in the units under this scheme.06.What do you mean by open ended scheme?This is one mutual fund scheme and the units under scheme can be purchased and sold at any time07.What do you mean by overdraft facility granted by a bank?Overdraft is a facility granted by the banks towards meeting the working capital requirements of a borrower. This is provided by means of credit limit over and above the current account balance and the borrower has to pay the interest as and when due.08.What do you mean by collateral security?Collateral security is an additional security provided by the borrower in addition to the primary security. For example, in the case of vehicle loan, the car purchased out of loan is known as the prime security and the insurance policy obtained by the bank from the borrower for the sanction of this loan is known as collateral security.09.In regard to educating a customer, what are the different kinds of information boards displayed in a bank branch?The following boards are available in the bank branches – Working hours and business hours; Interest rates on various deposits; Interest rates for loans; Service charges; Time norms for various services; Details of schemes available in the branch10.Who is the present RBI Governor?The present governor of RBI is Shri Urjit Patel and he is functioning as the governor of RBI since 04th September, 201611.What do you mean by unclaimed deposits?The deposits which are not in operation for more than ten years are known as unclaimed deposits. For the purpose of this classification, the customer induced transactions are only taken into account.12.How many regional centres are available for RBI in the country?Reserve Bank of India has four regional centres at the following places – Chennai, Kolkatta, New Delhi and Mumbai.13.What do you mean by white label automated teller machines?The automated teller machines which are maintained and managed by non bank entities are known as white label automated teller machines. In our country TATA Indicash and Muthoot finance are having such machines installed at various centres.14.What are the advantages of CTS?CTS means cheque truncation scheme. This is used for clearing purpose. Normally commercial banks used to send the physical cheques through their15.What do you mean by certificate of deposits?Certificate of deposits are issued by scheduled commercial banks (except Regional Rural Banks) and all financial institutions within their umbrella limits. Individuals, corporate, companies, trusts, funds and associations can invest in certificate of deposits and they are issued for a minimum period of seven days and maximum period of twelve months in the case of commercial banks and in the case of financial institutions the minimum period is one year and maximum three years, Minimum amount for investment is Rupees one lakh and in multiples of Rupees one lakh.16.RBI is called by which names – mention four names?RBI is called by the following names – banker to banker; lender of the last resort; custodian of banks; banker to government;17.What do you mean by ways and means advances?Ways and means advances were introduced as per an agreement between Reserve Bank of India and Government and they are temporary overdraft facilities provided by RBI to central government and state governments and the purpose is to bridge the time interval of mismatch the government expenditure and receipts. The duration of the limit is ten days for central government and 14 days for state government departments.18.Who is banking ombudsman and by whom he is appointed?Banking Ombudsman is an arbitrary authority who resolves the complaints received from the customers of commercial banks in regard to bank related issues.19.What do you mean by EEFC account?Exchange Earner’s Foreign Currency account is an account maintained in an account maintained in foreign currency with an authorized dealer ; i/e/ a bank dealing in foreign exchange. Professionals, exporters, trainers etc., who are in receipt of foreign exchange for the services extended by them in foreign countries can invest the amount in EEFC account and the account will be in the form of current account and no interest is paid for the balance held in EEFC account.20.What do you know by NBFC?NBFC means non banking finance companies. It is a company registered under Indian Companies act 1956 and presently 2013 engaged in the business of providing loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire purchase, insurance business, chit fund business etc.,Candidate: 00601.What do you mean by arbitrage?It is the process of purchase of one security from one market and selling the same security for earning a profit at the same time at another market.02.What do you mean by Bonus shares?It is the free allotment of shares in certain proportion to the existing shares held by the shareholders of a company and this is a means of providing reward to the investors for their contribution to the growth of the organization by capital investment03.What do you mean by Bull?It is a term given to a speculator on stock exchange who buys the securities in expectation of a rise in the prices. The market is called as bullish when there is a domination of buyers over the sellers04.What is known as dematerialization?Dematerialisation is the process by which shares in the physical form are cancelled and they are issued in electronic form. The certificates are known as demat shares. This process eliminates the time and manpower involved in transfer and registration of shares from the seller to the buyer05.What do you mean by moorat trading?It is the auspicious trading on a special day, say Diwali during some specified hours.06.What do you mean by rights issue?It is the issue of new shares to the existing shareholders in a fixed ratio to those already held at a price which is generally below the market price of the old shares.07.What do you mean by futures?It is a standard contract issued on an agreement to buy or sell an asset at a certain price at a certain time in future. It is an obligation on the buyer to purchase the underlying instrument and the seller to sell it.08.What do you mean by forward?The forward is a contract that is traded off the stock exchange and it is self regulatory and has certain flexibility unlike future which are traded at stock exchange only and it do not have flexibility of quantity and quality of commodity to be delivered and these are regulated by Securities Exchange Board of India, Reserve Bank of India or other agencies.09.What do you mean by factoring?Factoring is an arrangement in which short term domestic receivables on sale of goods or services are sold to a company called as factor and this scheme came into existence during 1991 based on the report of Kalyanasundaram Committee10.What do you mean by forfeiting?Forfaiting represents the purchase of obligations, which fall due at some future date and arise from the delivery of goods in export transactions, without recourse to the previous holder of the obligations.11.What do you mean by leasing?A lease is a contract where the owner of the assets transfers the right to another person to use the assets against the payment of fixed lease rentals. In the case of one lease contract, there are two parties namely – the lessor or the owner and the lessee or user. The lessor remains owner and the leased property remains with the possession of the lessee.12.What do you mean by debt market?It is a market wherein the debt instruments are issued to the public by any company for investment and such debt instrument bears a fixed interest rate payable half yearly on specific dates and principal amount repayable on particular date on redemption. Debentures are normally secured/charged against the asset of the company in favour of debenture holder. The following are some debt instruments – debenture; bond; zero coupon bond; convertible bond; security receipts etc.,13.What do you mean by greenshoe option?It is an option provided by Securities and Exchange Board of India to a company which is coming out with one initial public offer to the public. By this option, the company can retain certain portion of the applications received through IPO in case of oversubscription.14.What do you mean by equity market?Equity market consists of investment by the public in different kinds of shares issued by the company and by subscribing for the shares, the investors are expressing their willingness to stand as owners of the company. The equity market consists of equity shares, preference shares, rights shares, bonus shares etc.,15.What do you mean by sweat equity?Directors and employees contribute intellectual property rights to the company in the form of providing technical know-how captured by way of research or contributed by way of strategy software developed for the company or adding profit and economic value. To compensate the directors and employees, the concept of sweat equity has come into existence.16.What do you mean by participatory notes?A participatory note is a financial derivative instrument issued against an underlying security and it allows the holder, to get dividend or capital gains earned from the underlying security although some of the holders may not be eligible to trade in stock markets in India.17.What do you mean by book building?Book building is the process to assess the demand for a particular public issue of various prices, based on which the issue is priced and sold to the investors.18.What do you mean by sensex?It is a stock market index provided by Bombay Stock Exchange for the information of the investors. The positive or negative variation in the index provides an insight for investment or dis-investment to the general public and especially the investors in the stock market. It is based on the market capitalization of top thirty shares earmarked by BSE19.What do you mean by Nifty?It is a stock market index provided by National Stock Exchange for the information of the investors. The positive or negative variation in the index provides an insight for the investment or dis-investment to the general public and especially the investors who are participating in stock market trading. It is based on the market capitalization of top fifty shares earmarked by NSE20.What do you mean by swap?A swap is a contract that binds two counterparties to exchange the different streams of payments over the specified period at specified rate.

Antonia is Sonia’s real name in her birth certificate. Sonia is the name given to her subsequently by her father, Stefano Maino [now deceased] following his return from Russia where he had been a prisoner of war. Stefano had joined the Nazi army as a volunteer. Sonia is a Russian not Italian name. While spending two years in a Russian jail, Sonia’s father had become quite pro-Soviet; especially after the liberating US army in Italy had confiscated all fascists’ properties including his.Second, she was not born in Orbassano as she claims in her bio data submitted to Parliament on becoming MP, but in Luciana as stated in her birth certificate. She perhaps would like to hide the place of her birth because of her father’s connection with the Nazis and Mussolini’s Fascists, and her family’s continuing connections with the Nazi-Fascists underground that is still surviving since 1945 in Italy. Luciana is where Nazi-Fascist network is headquartered, and is on the Italian-Swiss border. There can be no other explanation for this otherwise meaningless lie.Third, Sonia Gandhi has not studied beyond Primary School. She has falsely claimed in her affidavit filed as a contesting candidate before the Rae Bareli Returning Officer in the 2004 Lok Sabha elections that she is qualified and got a diploma in English from the prestigious University of Cambridge, UK.The truth is that Ms. Gandhi has never studied in any college anywhere. She did go to a Catholic run seminary-school called Maria Ausiliatrice in Giaveno [15 kms from adopted home town of Orbassabo]. Poverty those days forced young Italian girls to go to such missionaries and then in their teens go to UK to get jobs as cleaning maids, waitresses and au pair. The Mainos were poor those days. Her father was a mason and mother a share cropper..Paola Maino Antonia Sonia Gandhi MotherSonia thus went to the town of Cambridge and first learnt some English in a teaching shop called Lennox School [which has since 1970 been wound up]. That is all her “education” which is enough English language to get domestic help jobs. But in Indian society education is highly valued. Thus, to fool the Indian public, Sonia Gandhi willfully fibbed about her qualifications in Parliamentary records [which is a Breach of Ethics Rules] and in a sworn affidavit [which is criminal offence under IPC, severe enough to disqualify her from being MP].This is just a beginning. As this booklet unfolds Sonia’s story, it reveals shocking details on the corruption and fraud, disrespect for Indian laws, alarming threat to democracy of India, religious intolerance towards Hinduism, pro-terrorist policies, dividing country to perpetuate dynasty rule.Sonia lied from President of India to a common man. She lied to the President about the number of MPs supporting her and to a common man on a trivial issue such as her educational qualification. She says that she is outside Government but controls every move Government makes and there is no record of her ever admitting or apologizing for any lies and mistakes.Non- Violence.Sonia is violent and her violence spans Political, Spiritual and Physical spheres. The way she installed herself to become congress president, the way she treats congressmen and opponents speaks volumes in Political Sphere. Her crusade against Hinduism such as Rama Sethu (historic bridge built by Lord Ram, as per Hindu Holy Book, “Ramayana”) speaks of spiritual violence. In the Physical sphere, Sonia was sympathetic in Congress party and in Government to the killers of 3000 Sikhs, where innocent Sikhs on streets of New Delhi were lynched to death. Jagdish Tytler who was one of the instigators of the lynching was rewarded with a Government ministry. Central Government provided a weak defense in courts and no congressmen was ever punished for the anti-Sikh pogrom. Rajiv Gandhi whose wife is Sonia even justified the killings by saying “When a big tree falls, the earth is bound to shake”. She is pursuing pro-terrorist policies for vote banks that resulted in number of killings in last three years she was in power just next to Iraq.Opinion on Hinduism and Ram SetuSonia, in her opinion and according to the affidavit submitted in Supreme Court, Ram is a fictional character and Ramayana never happened. Under her rule ‘Rama Sethu’ is being blown up just like Taliban blew up Buddha Statues. Her protégé Andhra Pradesh Chief Minister have attempted to take over 5 out of 7 Tirumala Hills for building Churches and Tourism. This is akin to non-Christians taking over Vatican for building their worship places. Her reasons for not taking firm action against terrorism are two fold. One is the sense that investigation would hurt vote bank and another is that the overwhelming number of those who were killed in the terrorism are Hindus who are not from the vote bank. As recently as few weeks she visited Andhra Pradesh that witnessed the brutal terrorist attack that killed more than 50 people and she did not go visit the city where attack occurred (Hyderabad) because those affected are not her vote banks.Truth Alone Triumphs (Satyameva Jayathe)Sonia, under her rule ‘Satyameva jayathe’ has been replaced by a Christian cross used by Louis the Pious (778-840) on currency coins. indian two rupees coin,compare it with french coinchristian cross on coins of french denier_louis_le_pieuxForeign Missionaries & conversionMahatma Gandhi: Gandhi, had a clear foresight about missionaries. On numerous occasions he condemned missionary activity. He said “If I had the power and could legislate, I should certainly stop all proselytizing.” He further said “The effect of Christianity upon India in general…has been disastrous.” Regarding conversion Gandhi said “The idea of conversion, I assure you is the deadliest poison that ever sapped the fountain of truth.” He also said “Conversion is like a drop of poison which fouls the whole food” and that “poverty does not justify conversion”.Sonia is known for her sympathy and support to deceitful proselytization. Her party granted the high-security Air Force field to Benny Hinn to hold his healing charade that even Christian Trinity Foundation declared as a fraud. A leader of seventh day Adventist church, Ron Watts was ordered deportation by courts for his illegal activities. He seems to have been blessed by Sonia and continues to live in India. The state Governors she appointed have been consistently rejecting State laws to enact anti-conversion laws to prevent conversion of poor people by allurement.HYPOCRISY OF MOTHER & SONSONIA is a staunch roman catholic and she is be fooling the HINDU masses by putting tilak on forehead and by performing pooja in HINDU temples and bowing the head before pujari etc.She pretend to be Hindu,which she is not.We are quoting a report published on 24th march 2011,which is self explanatory.Indian envoy refers to Sonia as ‘Christian,’ reference is deletedFor the Congress, the subject of Sonia Gandhi’s religion is a touchy one and generally off-limits when it comes to official communications.Just how sensitive an issue it is was revealed last month when the official representative of the UPA Government in Washington, Ambassador Meera Shankar, delivered a speech at a US university referring to Sonia Gandhi being a Christian as a testament to India’s pluralism and diversity. However, that reference was later quickly deleted.In her keynote speech on the subject “Why India Matters” at Emory University on February 24, Shankar said: “India is a land of incredible diversity. Like the United States it celebrates pluralism. It not only tolerates diversity but has embraced it and has allowed people from all walks of life to flourish and realize their full potential. This is a tradition that is rooted in our civilization. Throughout our history peoples from other parts of the world have come to India and made it a home, resulting in a multi-cultural and multi-religious society, one where individual faith and belief is not only respected but adds to the overall sense of nationhood. Today the fact that we have a woman Head of State, a Sikh Head of Government and a Muslim Vice President and a Christian as the leader of the largest national political party is perhaps the best statement of the multi-ethnic and multi-religious nature of our state.”Sonia,according to the respected Swiss magazine (published in 1991), Schweitzer Illustrate, Rajiv Gandhi, her late husband had secret Swiss accounts worth $ 2 billion. Sonia is known for her close association with Italian fugitive Quattrocchi. Sonia and her family are believed to have looted country wealth worth billions of dollars.Secret unaccounted wealth in Swiss accountsSwiss magazine Schweizer Illustrierte published an explosive story in its issue dated Nov. 11, 1991 which disclosed that fourteen rules or ex-rulers of the third world countries have a deposit of foreign currencies equivalent to Rs. 5 lakh 50 thousand crores in Swiss banks. The magazine printed the names, photographs and the amount deposited by each of them. They included Idi Amin of Uganda, Anastasio Somoza of Nicaragua, Jean Claude Duvalier of Haiti, Manuel Noriega of Panama, Seke Moboto of Zaire, Nicolai Chausescue of Rumania, Haile Selassie of Thiopia, Abu Nida of Palestine, Jaafar Numeiri of Sudan, Suharto of Indonesia, Saddam Hussain of Iraq, Jaa B. Bokassa of Zontralafrika, Rajiv Gandhi of India and Reza Pahlevi of Iran, in that order. The amount said to be deposited by Rajiv Gandhi in various Swiss Banks was 2 billion US dollars. Most of them, who figure in the list, are infamous for being corrupt, nationally and internationally. The magazine which published this story is supposed to be a very serious publicationCPI(M) MP Amal dutta raised the matter in parliament, and he did mention the name of Rajiv Gandhi and the amount, but nothing could go on record for there was pandemonium from treasury benches which happened to be occupied by the Congress at that time. There upon, Sunday Mail carried this story and reproduced the photographs and money mentioned under their names which in turn was published in the Hindi daily Amar Ujala, too. The point to note was that Congress Government neither confirmed the story nor denied it. No defamation suit was filed by any of the fourteen leaders or by their relatives. This speaks volume about the Rajiv-Sonia couple. India can get her money back, according to the Swiss laws, if prosecution proceedings are finally launched against the heirs of Rajiv GandhiTHE ROYAL SON IN LAW ROBERT VADRA DUKE OF MORADABAD IS EXEMPTED FROM PRE-EMBARKATION SECURITY CHECKS.THE ROYAL FAMILY OF ITALIAN QUEEN VICTORIAFeelings towards enemies/detractorsSonia is known for her vindictive nature. She is known not to spare even her party men and routinely humiliates them. She even humiliated the dead body by denying a respectful funeral, of former Prime Minister PV Narasimha Rao who did not encourage Sonia’s political growth.Nationalism and confidence in IndiaSonia abandoned India during 1971 war and in 1977 when Indira Gandhi lost elections she hid herself in Italian embassy. She did not even apply for Indian citizenship for 16 years though living in Prime Minister’s house.Moral principles vs. political GainsSonia,in 1997, Sonia pulled down United Front Government at centre because a political party DMK, a constituent of United Front Government was found to be close to her husband’s killers i.e., LTTE. Every election costs Indian tax payer billions of rupees. But in 2004, she joined hands with same DMK to gain power.Scams & Scandals.Sonia was almost and always in news due to some scandal or scam. Maruti Scam, Foreign Exchange Regulations Act, Indian Artifacts smuggling, Bofors kickbacks, Indira/Rajiv Trusts and Indira Arts Center usurpation, political manipulations are some of the widely published notorious scandals she was involved in.Contribution towards IndiaSonia: Except for scandals, scams and intolerance primarily towards Hindu institutions, she has no positive contribution to lay claim to.QUEEN WITH KING,PRINCESS AND CROWN PRINCESonia –Rajiv’s relationship(Dr. Subramaniam Swamy)Ms. Sonia Gandhi upon learning enough English became a waitress in Varsity Restaurant in Cambridge town. She first met Rajiv when he came to the restaurant in 1965. Rajiv was a student in the University, but could not cope with the academic rigor for long. So he had to depart in 1966 for London where he was briefly in Imperial College of Engineering as a student. Sonia too moved to London, and according my information, got a job with an outfit run by Salman Thassir, a debonair Pakistani based in Lahore, and who has an export-import company headquartered in Dubai but who spends most of his time in London. This fits the profile of an ISI functionary.Obviously, Sonia made enough money in this job to loan Rajiv funds in London, who was obviously living beyond his allowances [Indira herself expressed anguish to me on this score in late 1965 when she invited me to a private tea at the Guest House in Brandeis University]. Rajiv’s letters to Sanjay, who was also in London then, clearly indicate that he was in financial debt to Sonia because he requested Sanjay who obviously had more access to money, to pay off the debt.However, Rajiv was not the only friend Sonia was seeing those days. Madhavrao Scindia and a German by name Stiegler are worth mentioning as other good friends of Sonia. Madhavrao’s friendship continued even after Sonia’s marriage to Rajiv. Scindia in 1982 was involved in a traffic accident near IIT, Delhi main gate while driving a car at 2 AM. Sonia was the only other passenger. Both were badly injured. A student of IIT who was burning midnight oil was out for a cup of coffee. He picked them up from the car, hailed an auto rickshaw and sent an injured Sonia to Mrs. Indira Gandhi’s house since she insisted in not going to a hospital. Madhavrao had broken a leg and in too much pain to make any demand. He was taken to hospital by the Delhi Police who had arrived a little after Sonia had left the scene. In later years, Madhavrao had become privately critical of Sonia, and told some close friends about his apprehensions about Sonia. It is a pity that he died in mysterious circumstances in an air crash.Sonia’s India connectionSonia’s connection with India is always found with all wrong reasons. A rational analysis of what India gained vs. what India lost reveals a shocking picture.Foreign Agency initiated marriage to RajivThe circumstance under which Rajiv hastily married Sonia in a Church in Orbassano is controversial but that was his personal matter that has no public significance. But what is of public significance is that Indira Gandhi who was initially dead set against the marriage for reasons known to her, relented to hold a registry marriage with Hindu ceremonial trappings in New Delhi only after the pro-Soviet T.N. Kaul prevailed upon her to accept the marriage in “the larger interest of cementing Indo-Soviet Friendship”. Kaul would not have intervened unless the Soviet Union had asked him to.Such has been the extensive patronage from the beginning extended to Sonia Gandhi from the Soviets. When a Prime Minister of India’s son dates a girl in London, the KGB which valued Indo-Soviet relations, obviously would investigate her and find out that she was the daughter of Stefano, their old reliable Italian contact. Thus, Sonia with Rajiv meant deeper access to the household of the Indian Prime Minister. Hence cementing the Rajiv-Sonia relations was in the Soviet national interest and they went to work on it. And they did through their then existing moles in the Indira Gandhi camp.After her marriage to Rajiv, the Soviet connection with the Mainos was fortified and nurtured by generous financial help through commissions and kickbacks on every Indo, Soviet trade deal and defense purchases. According to the respected Swiss magazine, Schweitzer Illustrate [November 1991 issue], Rajiv Gandhi had about $ 2 billion in numbered Swiss bank accounts, which Sonia inherited upon his assassination. Dr. Yevgenia Albats, PhD [Harvard], is a noted Russian scholar and journalist, and was a member of the KGB Commission set up by President Yeltsin in August 1991. She was privy to the Soviet intelligence files that documented these deals and KGB facilitation of the same. In her book, The State within a State, The KGB in Soviet Union, she even gives the file numbers of such intelligence files, which can now be accessed by any Indian government through a formal request to the Kremlin.The Russian Government in 1992 was confronted by the Albats’ disclosure; they confirmed it through their official spokesperson to the press [which was published in Hindu in 1992], defending such financial payments as necessary in “Soviet ideological interest”.When the Soviet Union disintegrated in 1991, things changed for Ms. Sonia Gandhi. Her patrons evaporated. The rump that became Russia was in a financial mess and disorder. So Ms. Sonia Gandhi became a supporter of another communist country to the annoyance of the Russians.The national security ramification of this ‘annoyance’ is now significant: The President of Russia today is Putin, a former dyed-in-the-wool KGB officer. Upon Dr. Manmohan Singh’s government taking office, Russia called back it’s career diplomat Ambassador in New Delhi and immediately posted as the new Ambassador a person who was the KGB station chief in New Delhi during the 1970s. In view of Dr. Albats confirmed revelation, it stands to reason that the new Ambassador would have known first hand about Sonia’s connections with the KGB. He may have in fact been her “controller”. The new Indian government which is defacto Sonia’s, cannot afford to annoy him or even disregard Russian demands coming from him? They will obviously placate him so as not to risk exposure. Is this not a major national security risk and a delicate matter for the nation?Of course, all Indians would like good normal and healthy relations with Russia. Who can forget their assistance to us in times of need? Today’s Russia is the residual legatee of that Soviet Union which helped India. But just because of that, should we tolerate those in our government set up having clandestine links with a foreign spy agency? In the United States, the government did not tolerate an American spying for Israel even though the two countries are as close as any two countries can be. National security and friendship are as different as chalk and cheese.Illegal registration as a voterIn January 1980, Indira Gandhi returned as Prime Minister. The first thing Sonia did was to enroll herself as a voter. This was a gross violation of the law, enough to cause cancellation of her visa [since she was admittedly an Italian citizen then]. There was some hullabaloo in the press about it, so the Delhi Chief Electoral Officer got her name deleted in 1982. But in January 1983, she again enrolled herself as a voter! Such is her revealed disdain for Indian laws and that is her mindset even today.How and when she became an Indian citizenShe did not apply for Indian citizenship in 1968 when she married Rajiv and came to India, which is what good Indian wives would have done. She filled in an application in 1968 for permission to stay as a foreigner in India for five years. She said I am married, I am married into the family of the Indian Prime Minister but I would still like to remain a foreigner. So she was given a certificate in 1968 to reside in India as a foreigner for five years. Okay, this may have been due to some adjustment problems.In 1973, after the first five year period expired, she again applied for the permit to stay on India for another five years as a foreigner and this is the person who is going to live and die for us. I will now come to what Cho, my friend told me, never believe what she says. There is not only complete divorce between what she says and what she does there is also a clue that she will do precisely the opposite of what she says. I will come to it later, there are instances and instances. So, she again applied for a foreigner’s permit. You know why? Between 1968 and 1973, the indications were all there of the imminent war with Pakistan over East Pakistan. And sure enough, there was the Bangladesh war. During the Bangladesh war, when all commercial pilots were asked to forego their leave and come into service, she asked Rajeev to go on a long leave and he was given special permission and they left India. And throughout the period of the war, they were in Rome. Why, because the American seventh fleet was moving towards India and Sonia Gandhi probably had serious doubts about India’s survival! So she ran away from the country with her husband; to that extent faithful. And she returned only after peace was restored, after India had won the war, when because of Indira Gandhi, that family acquired stature and became invincible.So, we have to read between the lines, you have to look at the persons behind the skin. So, in 1973, she again applied for a permit to remain a foreigner in India. Now let us come to the period between 1973 and 1978. In the year 1977 when Mrs. Gandhi was defeated after she lifted the Emergency and called for elections, Sonia Gandhi learnt the mood of the nation and she went into the Italian embassy and refused to come out of it. She said she was going back to Italy. Sanjay Gandhi had to go and plead with her to return. This is the person who is going to live and die for India, please http://understand.To live in India is very different from living for India. And to live in India in such glory, with such protection, with such resources, is very different from dying for India. No one will die for something which one does not own up to. Owning up to India is different from thinking you own India.Abandoning India at the time of crisisThe bottom line observed in Sonia’s mindset is that she can always run back to Italy if she becomes vulnerable at anytime. In Peru, President Fujimori who all along claimed to be “born Peruvian”, faced with a corruption charge fled to Japan with his loot and reclaimed his Japanese citizenship.In 1977, when the Janata Party defeated the Congress at the polls, and formed the government, Sonia with her two children, abandoned Indira Gandhi and ran to the Italian Embassy in New Delhi and hid there. Rajiv Gandhi was a government servant then [as an Indian Airlines pilot], but he too tagged along and hid in that foreign embassy! Such was her baneful influence on him. Rajiv did snap out Sonia’s influence after 1989, but alas he was assassinated before he could rectify it. Those close to Rajiv knew that he was planning set things right about Sonia after the 1991 elections. She did too know of it because he had told her. Ever wonder why Sonia’s closest advisers are those whom Rajiv literally hated? Ambika Soni is one such name. Ever wonder why she asked the President of India to set aside, on a mercy petition, the Supreme Court judgment directing that Rajiv Gandhi’s LTTE killers be hanged to death, when she was not similarly moved for Satwant Singh who killed Indira Gandhi or recently for Dhanajoy Chattopadhyaya? The explanation for this special consideration for the LTTE lies in what Rajiv had told her in 1990.Sonia’s greed for power: How did she become party presidentSonia said that she was not interested in politics, she would not enter politics. She said she would not become a Congress member. She will only help the party as a person belonging to the Congress family. She said I am just a four penny member; I will not occupy any position.And then she goes and physically throws out poor Sitaram Kesari (then president of Congress party) from the office. Physically, poor fellow. He has gone to the toilet. His chair was empty, and you know what happened? These congress goons, they went and locked up the toilet and made Sonia occupy that place. And the elderly man cried. This is how she became the Congress President. In the same way as the western armies in the past, would invade other civilizations. Seize power, she seized power in a ‘coup d’toilet’.This is how every word that she has spoken so far had nothing to do with what she did. Her conduct was the very reverse of her professions.First confrontation with Indian law(Dr. Subramaniam Swamy)After Sonia married Rajiv, she went about minting money with scant regard for Indian laws and treasures. Within a few years the Mainos went from utter poverty to billionaires. There was no area that was left out for the rip-off. On November 19, 1974, as fresh entrant to Parliament, I asked the then Prime Minister Ms. Indira Gandhi on the floor of the House if her daughter-in-law, Sonia Gandhi was acting as an insurance agent of a public sector insurance company [Oriental Fire & Insurance], giving the Prime Minister’s official residence as her business address, and using undue influence to insure all the officers of the PMO while remaining an Italian citizen [thus violating FERA]? There was uproar in Parliament, but Mrs. Indira Gandhi had no alternative but to cut her losses. She made a rare admission that it was so, and that it was by mistake, but that Sonia had resigned from her insurance agent status [after my question]. But Sonia was incorrigible. Her contempt for Indian law continued to manifest.The truth about Quottrochi(By Arun Shourie)Responding to a question regarding her family friend Ottavio Quattrocchi, at her singular press conference Mrs. Sonia Gandhi said, ”The CBI has said he is a suspect. But we have never seen the papers naming him in the deal. They should show the papers establishing that he is guilty.”The fact that he received money from Bofors, as well as particulars of his accounts into which the money was paid, transferred and re-transferred are available in the public domain, in judgments which the Courts have already delivered on appeals by her family friend..The relevant judgments are as follows:1. Judgment of the Chamber of Accusation, Switzerland, dated 6 September, 1996, in regard to Colbar Investments Ltd, Inc, and Ottavio Quattrocchi v. The decision taken by the Examining Magistrate on 12 July, 1995. THIS JUDGMENT WAS FURNISHED TO THE DELHI HIGH COURT INADVERTANTLY, PERHAPS! BY THE COUNSEL OF OTTAVIO QUATTROCCHI HIMSELF.2. Judgment of the Division Bench of the Delhi High Court dated 5 August, 1998, in Ottavio Quattrocchi v. Central Bureau of Investigation.3. Judgment of the Division Bench of the Supreme Court of India dated 23, February, 1999, in Ottavio Quattrocchi v. CBI.4. Judgment of the Division Bench of the Supreme Court of India dated 26, March, 1999, in Ottavio Quattrocchi v. CBI.These judgments together establish the following facts about the money received by Ottavio Quattrocchi from Bofors.In his sworn affidavit, Myles Tweedale Stott revealed that he was contacted by Ottavio Quattrocchi. In accordance with their discussions, M/s AB Bofors entered into an agreement with AE Services on 15 November, 1985, and agreed to pay the latter THREE PER CENT OF THE TOTAL AMOUNT OF THE CONTRACT if the contract was awarded to Bofors on or before 31 March, 1986.2. From 7 June, 1984 to early February, 1986, the Negotiating Committee met seventeen times. The Army consistently ranked the SOFMA gun as its number one preference. On 17 February, 1986, it switched its preference to Bofors. After a note from a Joint Secretary, mini signatures of ELEVEN OFFICERS AND MINISTERS headed by those of Rajiv Gandhi, the then Defense Minister and Prime Minister-were obtained IN LESS THAN 48 HOURS.3. Rajiv Gandhi visited Sweden on 14/15 March, 1986, and told the Swedish Prime Minister that the contract would indeed be given to Bofors. The deadline agreed to by Quattrocchi was thus met.4. On 2 May, 1986, the Government of India released 20 per cent of the contract money-that is, SEK 1,682,132,196.80- as the first advance payment to Bofors.5. On 20 August, 1986, Myles Tweedale Stott opened an account in the name of AE Services c/o Mayo Associates SA, Geneva. The account was NUMBER 18051-53 in the NORDFINANZ BANK, ZURICH.6. On 3 September, 1986, Bofors remitted SEK 50,463,966 into this account- then US $ equivalent being $ SEVEN MILLION THREE HUNDRED FORTY THREE THOUSAND NINE HUNDRED AND FORTY ONE, AND 98 CENTS- $ 7,343, 941.98. This amount was credited into the account on 5 September, 1986.7. THIS AMOUNT PAID BY BOFORS- SEK 50,463,966- WAS EXACTLY THREE PER CENT OF THE ADVANCE PAID BY THE INDIAN GOVERNMENT AS HAD BEEN STIPULATED IN THE AGREEMENT OF 15 NOVEMBER, 1985 BETWEEN BOFORS AND AE SERVICES.8. On 16 September, 1986- that is, within 11 days of the money being received into the account which had just been opened by AE Services- it was transferred to ACCOUNT NUMBER 254.561.60 W held by COLBAR INVESTMENTS Ltd in the Union Bank of Switzerland, Geneva. The amount was transferred in two installments. $ SEVEN MILLION WERE PUT INTO THIS ACCOUNT ON 16 SEPTEMBER, 1986, AND ANOTHER $ 123,900 WAS PUT INTO IT ON 29 SEPTEMBER, 1986.9. IN ITS RULING, AT PAGE 6, THE SWISS COURT SPECIFICALLY STATES THAT OTTAVIO QUATTROCCHI IS THE OWNER OF THE COMPANY. COLBAR INVESTMENTS. DOCUMENTS REVEAL THAT ONLY TWO PERSONS COULD OPERATE THE ACCOUNT OF THIS COMPANY OTTAVIO QUATTROCCHI AND HIS WIFE, MARIA. TO CONCEAL MATTERS, QUATTROCCHI GAVE A NON-EXISTENT ADDRESS IN DELHI FOR THIS ACCOUNT.10. On 6 August, 1987 a new company was floated in Panama, M/s WETELSEN OVERSEAS SA IN ITS RULING, AT PAGE 6, THE SWISS COURT SPECIFICALLY STATES THAT OTTAVIO QUATTROCCHI IS THE OWNER OF THIS COMPANY.11. An account-NUMBER 488.320.60 X- was opened within the same bank, the Union Bank of Switzerland, Geneva, on the name of M/s WETELSEN OVERSEAS SA, THE NEW COMPANY QUATTROCCHI HAD OPENED. THIS ACCOUNT ALSO COULD BE OPERATED ONLY BY OTTAVIO QUATTROCCHI OR HIS WIFE, MARIA.12. On 25 July, 1988, ON THE INSTRUCTION OF OTTAVIO QUATTROCCHI $ SEVEN MILLION NINE HUNDRED AND FORTHY THREE THOUSAND [that is, the amount received plus the interest which had accumulated] WAS TRANSFERRED FROM THE ACCOUNT OF HIS COMPANY, COLBAR INVESTMENTS TO THAT OF HIS OTHER COMPANY WETELSEN OVERSEAS SA.13. IN ITS RULING, AT PAGE 6, THE SWISS COURT STATES SPECIFICALLY THAT, LIKE COLBAR INVESTMENTS, WETELSEN OVERSEAS WAS OWNED BY OTTAVIO QUATTROCCHI.14. In yet another round of laundering, on 21 May, 1990, another $200,000 were transferred from the account of M/s Wetelsen Overseas SA in the Union Bank of Switzerland into the account of INTER INVESTMENT DEVELOPMENT CORPORATION with ANNSBACHER Ltd, St PETER PORT, GUERNSEY.15. The Swiss Court noted that Quattrocchi had denied receiving any commission directly or indirectly from Bofors. It noted on the other hand (a) the statement of Myles T Stott that the amount Bofors had paid AE Services was related to the agreement of sale of guns to India; (b) and the trail of subsequent transfers of the money to companies owned by Quattrocchi-from AE Services to Colbar Investments to Wetelsen Overseas. At page 7 of its judgment, the Swiss Court then noted,”This decision [ of the Examining Magistrate] was in particular imparted to Ottavio Quattrocchi, economical owner of Colbar Investments Ltd and Wetelsen Overseas SA, who in view of the documents transferred appeared to have received commissions through the channel of these companies, who had given no explanations and who had not obeyed the judge’s injunction of June 20th, 1994”.16. After setting out further facts, after rejecting roundly the assertions of Quattrocchi that he would not get justice in India and therefore the bank documents should not be allowed to be transferred at page 14 of its judgment, the Swiss Court pronounced,”The Requesting Authority can therefore neglect no track and insofar as the appellants seem to have been used as transfer channels for commissions paid out by Bofors, it is of the first importance that it have at its disposal elements as complete as possible enabling it to reconstruct the network susceptible of having been used and ending, in this case, at a firm in Guernsey..”Rejecting the contentions of Quattrocchi decisively, at page 15 of its judgment, the Swiss Court further concluded,”Now, Colbar Investments Ltd Inc and Ottavio Quattrocchi seem to have received an amount issuing from commissions paid by Bofors and one cannot therefore say that their appearance in the case, was the proceed of pure chance, especially that on the own confession of the appellants it appears that Ottavio Quattrocchi had relationships in India at the highest level and that he had very close relationships with this country.””In conclusion”, the Swiss Court said after rejecting further contentions, ”the recourse [in our terms, the appeal of Quattrocchi against the decision of the lower court that the relevant bank documents be transferred to India] IS ABSOLUTELY UNFOUNDED.”17. On 3 July, 1993, Interpol, Switzerland, informed India that appeals filed by Quattrocchi and others had been dismissed by the Swiss Supreme Court.18. For the next week, though he was in India, no action was taken to restrain Quattrocchi. On the contrary, as had happened in the case of Win Chaddha, Quattrocchi was allowed to escape from India on 29 July, 1993.19. The investigating agency raided the house and offices of Ottavio Quattrocchi. Diaries, family photographs, telephone records nailed his extreme proximity and of his wife to Rajiv and Sonia Gandhi.20. The Special Judge examining the case concluded that there was prima facie evidence to the effect that Ottavio Quattrocchi had received SEVEN MILLION ONE HUNDRED AND TWENTY THREE THOUSAND DOLLARS in the Bofors deal. Accordingly, he issued a non-bailable warrant for his arrest.21. Interpol issued a Red Corner Alert for his arrest on 17 February, 1997.22. Quattrocchi appealed against this Red Corner Alert on 7 April, 1997.23. The Interpol Supervisory Board rejected his appeal on 20 September, 1997.24. Quattrocchi then filed an appeal against the Special Judge’s order in the Delhi High Court. A Division Bench of the High Court roundly rejected the appeal. It held that it found no merit in the appeal. It held that the non-bailable warrant for his arrest was fully justified. The Court said,”We have in extensor quoted the averments which the respondent [the CBI] made in the application seeking the issuance of the warrants. The same on the face of it do constitute making of sufficient allegation pointing out that the evidence so far collected prima facie reveals that the petitioner was recipient of fraud committed in the Bofors gun deal, which he received for himself and on behalf of certain public servants and, therefore, he was required to be arrested and interrogated for expeditions investigation of the case and to reveal the truth.”25. Quattrocchi then filed an appeal in the Supreme Court. On his behalf his counsel told that Supreme Court that Quattrocchi would indeed appear before the Special Court, that he would cooperate with the investigating authorities who want to interrogate him, and that for this purpose the would remain in India for two weeks. The Supreme Court recorded these assurances in its order on 22 February, 1999, and directed him to appear before the Special Judge on 15 March, 1999, and remain present in India for two weeks thereafter so as to enable the investigating authorities to interrogate him. The date came and went, Quattrocchi did not appear.26. The matter was taken again to the Supreme Court. It recorded, ‘we strongly disapprove the manner in which the petitioner [Quattrocchi] has conducted himself in the proceedings before this Court”. That was on 26 March, 1999.Each of these facts is a matter of public record. Each is available in judgments of the highest courts of India and Switzerland.And yet Mrs. Sonia Gandhi says,”We have never seen the papers naming him in the deal. They should show the papers establishing that he is guilty”!There is a second striking feature. A comparison of dates will show that with each failure of Quattrocchi’s efforts to escape the law, Mrs. Sonia Gandhi’s efforts to bring down governments in India accelerated.Who is Quottrochi?(Dina Nath Mishra)Five years ago, India was at the crossroads. An ordinary, Italy-born woman had all but grabbed the prime ministerial chair, claiming the support of the majority of Lok Sabha members. The 120-year-old Congress willingly surrendered to the Italian bahu (daughter-in-law) of the dynasty. The oldest party in the country could not find a single individual other than her to lead it and the nation of over a billion people.On her part, the widow of former Prime Minister Rajiv Gandhi made bold to strangle inner-party democracy. Five years ago, the nation was saved by the bell. For, finally, the nationalist in Mulayam Singh Yadav surfaced, and he quietly put paid to Sonia’s dreams. There may be a whole lot of reasons why she should not be the Prime Minister of India. But just one is enough: She is not of Indian origin.Today, when the nation is once again witnessing the battle of the ballot, every nationalist of every party should ponder whom is he voting? He may be voting for the CPI (M), which ultimately translates into support for Sonia Gandhi, whether directly or indirectly. They may be voting for Laloo Prasad Yadav’s party, which would ultimately strengthen the hands of Sonia Gandhi. They may be voting for the DMK-Ied front whose prime ministerial candidate is Sonia and Sonia alone. They may be electing PDF candidates in J&K but with the same result. The duty of all true nationalists then is to ensure that power does not slip into the hands of someone of foreign origin.The ramifications of her entry into Prime Minister’s Office are numerous. One of them is the Quattrocchi angle. Ottavio Quattrocchi, the representative of the powerful Milan-based Italian company Snamprogetti, originally came to India as a chartered accountant based in a Chennai- based Italian MNC. Gradually, he made his way into the corridors of power especially after Rajiv Gandhi burst on the political scene in the wake of Sanjay Gandhi’s death in a mysterious air crash. It is essential to understand the Quattrocchi phenomenon, particularly in relation to Sonia Gandhi.He worked for a firm which provided services like designing, engineering, management of construction and training of personnel in the sectors such as oil refineries, gas processing, petrochemicals, fertilizers and pipelines. He had no experience of any guns, gun-systems or related equipment. However, he was a close friend of Rajiv Gandhi’s family.Investigation has shown that the families of Rajiv Gandhi and Ottavio Quattrocchi were on very intimate terms and they used to meet frequently. Quattrocchi and his family had free access to the Prime Minister’s house. As a result, Quattrocchi was able to project himself as a person of great influence.Even during the 1980s, when Indira Gandhi was Prime Minister, Quattrocchi had direct frisk-free entry to Prime Minister’s residence, courtesy the Italian ‘bahu’ of Indira Gandhi. Senior journalist Mahendra Ved had this to say in The Times of India (Delhi Edition; February 3, 1998): “Throughout the 1980s, Ottavio Quattrocchi, the affable Italian, was the man about town who moved in high circles and wielded influence in the corridors of power. His word, spoken in smooth Italian-accented English, was the law.“Ministers would rise in their chairs whenever he would walk in unscheduled and see him off, apparently due to his proximity to the then ruling Gandhi family. One minister, Ramachandra Rath, who did not oblige, was dropped in the next round of cabinet reshuffle, recalls a former Member of Parliament. Rath was at the moment talking to veteran Gandhian, BN Pande, and took exception to Quattrocchi simply walking in.“This was also the era of ‘four powerful women’ in New Delhi. They held kitty parties and went on picnics, recalls a Delhi socialite. They were Sonia Gandhi, Maria Quattrocchi, Nina Singh, wife of Arun Singh and Sterre, the Dutch wife of Satish Sharma.“If Rath paid a ‘price’, so did two Fertilizer secretaries, senior enough to become Cabinet Secretaries. Mr. KV Ramanathan had sought a ‘correct’ approach in the awarding of the Thal- Vaishet fertilizer project to Messrs Kellogg and CF Braun. Snam Progetti, the Italian public sector multinational that Quattrocchi represented in India, did not have the appropriate technology.”The decision by the late HN Bahuguna was reversed by Indira Gandhi in 1980. Snam was conversant only with the technology for urea-based fertilizer, while Thal-Vaishet was to run on ammonia. Snam hired the technology from a Dane, Haldor Topsoe, who was essentially an individual consultant. That matter came up in Parliament in a big way.Even while releasing the 1999 election manifesto of the Congress, Sonia Gandhi dodged the question of Quattrochi connections. But her connection with ‘Q’ is too well known to be forgotten. Here I reproduce the news story written by AB Mahapatra in Free Press Journal dated February 20, 1998.“Ottavio Quattrocchi, whose extradition is demanded by many political parties in connection with the Bofors case, had access to sensitive files in the Prime Minister’s Office when Rajiv Gandhi was Prime Minister and he was able to appoint ministers and top bureaucrats. Authentic sources told the Free Press Journal that he used to get information about cabinet meetings and its agenda much in advance. When he was visiting offices, ministers and bureaucrats used to get up from the chair to receive him. He was a frequent visitor to the official residence of India’s so-called royal family without security check, a privilege very few enjoyed.”Though officially Quattrocchi was the representative of the powerful Milan-based Italian company Snamprogetti, he worked as a conduit for some in receiving kickbacks and transferring them to safe havens in many deals for over a decade. “In every deal there was a cut. At least there, he was loyal to the royal family,” remarked a retired bureaucrat.He used to appoint ministers, bureaucrats, PSU executives and finalized deals which came his way, even if those were beyond his areas of expertise. The word ‘no’ perhaps did not figure in his dictionary. Soft-spoken Quattrocchi, also worked as an extra-constitutional power centre since 1980s.He got ministers and bureaucrats sacked and snubbed the most influential people of his time who challenged his authority. For Quattrocchi, it was a meteoric rise and an ignominious fall as well, as he has been disowned by the Italian company, Snamprogetti, which he represented in India and elsewhere for more than 16 years. He was known to almost all the top ranking people who mattered and his proximity to Gandhi family was the talk of the town.While the AB Bofors executive, Martin Ardbo, who negotiated the Rs 1,700 crore Bofors gun deal, mentioned him in his diary as the mysterious ‘Q’, his victims in India call him as a ‘pushing man’.He was a good PR man for Snam which won as many as 60 projects worth Rs 30,000 crore in its favor during his tenure. Today, there is nobody to save ‘Q’ in Milan, the headquarters of Snam’s holding company, “ENI.Moreover, ENI’s chief executive committed suicide in 1993 and many of its senior officers are facing police cases on charges of corruption. Snam” ‘a state-owned company of Italy, is not involved in the Bofors deal as such. But Quattrocchi’s activities as a middleman in international deals has raised many an eyebrow as far as the company’s credibility is concerned.While it is widely believed that Quattrocchi is at present a consultant to Snam in Kuala Lumpur, the company has diplomatically denied it. However, it was believed that he was operating from Snam’s India regional office when the Bofors deal was finalized in 1986.The company has clarified that it was not aware of Quattrocchi’s other alleged activities in India and maintained that he was a full time representative of the company. Even the company has said that it has no idea of Quattrocchi being wanted by the CBI which has already sought his extradition from Kuala Lumpur to prosecute him in the Bofors case.This was first noticed in 1980 when Indira Gandhi returned to power. The government had decided to award the contract for ammonia technology for RCF’s Thal plant to CFBraun of the US. But he wanted the World Bank-aided project to be awarded to Haldor Topsoe of Denmark, a sister concern of Snam. Quattrocchi played a crucial role in the appointment of PC Sethi as Petroleum Minister and tilted the deal in favor of Holder Topsoe -against the World Bank’s decision. Later, the World Bank withdrew from the project.That was his first showdown where he proved he could get what he wanted. That virtually gave a clear message to policy-makers and bureaucrats to follow Q’s line of action.He also had an encounter with Vasant Sathe, then Fertilizer Minister, over a project in Guna which till the last moment was very much in favour of Kellogg. But ‘Q’ got the decision reversed in favour of Snam. Those who toed his line were rewarded; those who did not were punished. Ti1l 1985, ‘Q’ used to resort to pressure tactic to get his work done but the real showdown took place when Snam did not get the 1,700 km long HBJ pipeline contract which went to Spie Capag of France. That perhaps was his first defeat; He wanted to punish those who stood in his way.The first to go was former Petroleum Secretary AS Gill who was very much in favor of piecemeal tenders instead of turnkey contracts to make the country self-reliant in terms of technology. That did suit ‘Q’ because India’s self-reliance in this field was bound to harm his interests.There was a standing order for implementation of Snam technology in every petroleum and fertilizer project which had been issued by the Rajiv Gandhi Government. But Gill had contested that order by showing another official order issued by Indira Gandhi where she reportedly said that there should be technology transfer in case of any foreign participation. But that did not happen in practice.Interestingly, ‘Q’ used to clarify his position a day after Gill had written to Prime Minister Rajiv Gandhi on the official file regarding technical difficulty of a particular project for clearance. “That means files were going to him accordingly:’ said a former official.Gill, who had a bright career and was all set to become the next Cabinet Secretary on the basis of seniority, told the FPJ that “there is nothing left for comment after 14 years of my retirement.”Naval Kishore Sharma, Minister of State for Petroleum, was shunted out to the All India Congress Committee as general secretary. VP Singh, who did not change evaluation norms in favor of Snam, and Arun Nehru who allegedly backed the French consortium to win a contract from Snam, had to leave both the government and the party.HS Cheema, former chairman of Gas Authority of India Limited, was removed in similar fashion. It was Quattrocchi who played a major role in removing him as chairman. “Yes, my career was a bright one all along but there was some unseen hand behind all this,” Cheema said in a telephonic interview from Solan, Himachal Pradesh to the newspaper.Former Indian Oil Corporation Chairman Venkatsubramanian, who refused to call Quattrocchi for talks, had to go even though the government was at a loss to explain the specific reason for his removal. A senior official whom Quattrocchi once offered money indirectly to get a project done, recalled, “He (‘Q’) said he can arrange Rs. two crore for the one who you like the most.” But the official got angry and asked Quattrocchi to get out of his room and never try to contact again. “That was the last time I met him. I have not received any new year greeting since then,” according to the senior official.I shall now list out all the major projects backed by Quattrocchi’s company, thanks to his proximity to Sonia and Rajiv Gandhi.Projects won by Snam/TopseProjects Location Client YearTwo Ammonia Plants ThaI Vaishet RCF 1981Three Urea Plants ThaI Vaishet RCF 1981Four Urea Plants Hazira Kribhco 1981One Gas Pipeline Hazira ONGC 1981One Ammonia Plant Una NFL 1983Two Urea Plants Guna NFL 1983One Ammonia Plant Aonla IFFCO 1984Two Urea Plants Aonla IFFCO 1984One Ammonia’plant Jagdishpur Indo Gulf 1985Two Urea Plants Jagdishpur Indo Gulf 1985One Offshore Complex ONGC 1986One Ammonia Plant Kakinada NFCL 1987One Urea Plant Kakinada NFCL 1987One Ammonia Plant Gadepan Chambal Fer 1988Two Urea Plants Gadepan Chambal Fer 1988One Ammonia Plant Babrala Tata Chem. 1988Two Urea Plants Babrala Tata Chem 1988One Gas Pipeline Network ONGC 1988One Ammonia Plant Shahjahanpur Bindl Agro 1988Two Urea Plants Shahjahanpur Bindl Agro 1988One TPA MTBE Plant Mahul BPCL 1990H-P Isobutene Plant Taloja Lubrizol 1991One Ammonia Plant Guna NFL 1994Two Urea Plants Guna NFL 1994One Ammonia Plant Aonla IFFCO 1994Two Urea Plants Aonla IFFCO 1994One Ammonia Plant Kakinada NFCL 1994Two Urea Plants Kakinada NFCL 1994One Ammonia Plant Phulpur IFFCO 1994Two Urea Plants Phulpur IFFCO 1994Let us now move from fertilizers and chemicals to armaments that became the new grazing ground for Ottavio Quattrocchi,A First Information Report was registered by Central Bureau of Investigation on January 22, 1990, under various sections of the Indian Penal Code and the Prevention of Corruption Act against Martin Ardbo, President of AB Bofors of Sweden, WN Chadha and GP Hinduja of London and others including beneficiaries of M/s AB Services Ltd of UK, alleging that they had entered into a criminal conspiracy during 1982-87 and in pursuance thereof committed offences of cheating, forgery, bribery, etc., to the extent of Swedish Kroners 319.40 million (approximately Rs 64 crore) in the matter of contract regarding supply of 410 FH- 77 guns, etc., at a total cost of SEK 8410.66 million (approximately Rs 1437.72 crore).Investigation of the case included several countries including Switzerland. During Narasimha Rao’s prime ministership, these investigations were placed on the bargaining counter. Rao bought peace with Sonia to continue in power. In an atmosphere of lull, one of the chief offenders slipped to Malaysia and has not returned till date.The governments of HD Deve Gowda and IK Gujral used the same Bofors case for counter-bargaining. First, Deve Gowda was ousted from power by the then president of the Congress, the late Sitaram Kesri to install IK Gujral as Prime Minister.But CBI investigators moved fast and secured some important documents from the Swiss Government. For a decade the most important missing link has been Ottavio Quattrotchi. Ottavio Quattrocchi remained in India from February 28, 1964, to July 29, 1993, except for a brief interval between March 4, 1966, and June 12, 1968. Ottavio Quattrocchi, thereafter suddenly left India on July 29/30, 1993, in order to escape the process of law and has not returned to India since then.Ottavio Quattrocchi was the beneficiary of the amount of commission for himself or others received by M/s AB Services from M/s AB Bofors, as practically the entire amount, i.e. PS$ 7,123,900 (approximately 97 per cent of the total) was transferred from the account of M/s AB Services to the account of M/s Colbar Investment Limited Inc. Further, he has been transferring the funds received from M/s AB Bofors frequently from one account to another and from one jurisdiction to another to avoid detection and evade the due process of law.During the proceedings before the Chamber D: Acquisition, Geneva in relation to the appeal filed by him against the execution of Letters Rogatory issued by the Court of Special Judge, Delhi (India), at the request of Central Bureau of Investigation, Ottavio Quattrocchi reportedly had even admitted to his relationship at the highest level in India.This is to be seen in the light of the fact that Bofors had paid SEK 50,463,966.00 in the name of commission to M/s AE Services on September 3, 1986, and virtually all this amount was transferred by AE Services to Quattrocchi’s Colbar Investment Ltd; Inc. in Union Bank of Switzerland, Geneva on September 16 and 29, 1986.The proximity of Ottavio Quattrocchi with the then Prime Minister of India, the contractual promise of AE Services to M/s AB Bofors to swing the deal) in their favour in a short span of time, the transfer of virtually all the commission amount (received by AE Services) to Quattrocchi’s Colbar Investments Ltd.Soon after the receipt, further transfer of funds from one account to another and from one jurisdiction to another soon after the disclosure of offences, his giving a non-existing address in the relevant bank, his contesting the execution of Letters Rogatory in Switzerland, his sudden disappearance from India after disclosure of his name by an appellant, all are the factors which prima facie show the involvement of Quattrocchi in the offence of criminal conspiracy for cheating and criminal misconduct by public servants.On receipt of crucial documents from Switzerland in January 1997, a charge sheet was filed in the Court of Special Judge, Delhi on October 22, 1999, against SK Bhatnagar, WN Chadha, Ottavio Quattrocchi, Martin Ardbo and M/s AB Bofors for trial for offences, under sections 120-H Indian Penal Code r/w section 420 Indian Penal Code and section 5(2) read with 5(1) (d) of the Prevention of Corruption Act, 1947 and substantive offences thereof.Further investigation under Section 173 (8) Criminal Procedure Code, 1973 continued. At the time of filing of charge sheet, accused Ottavi of Quattrocchi was based in Malaysia and as such, proceedings for his extradition were initiated there. After the lower court did not accede to the request of his extradition on certain preliminary technical grounds, the matter was taken up in higher courts and at present, it is pending before the Court of Appeals in Kuala Lumpur.CBI is in touch with the authorities in Italy and efforts for ascertaining the present whereabouts of Quattrocchi through Interpol and diplomatic channels are continuing.The CBI was informed by Interpol, London, on June 25, 2003, that Quattrocchi, against whom charge sheet was also filed along with others in CBI case No RC 1(A)/90- ACU-IV/SIG (Bofors case) has an amount of three million pounds (approximately ) in a UK bank account and the same was likely to be moved out very shortly. The CBI requested IP, London, to freeze the said account pending a formal Letters Rogatory. A Letters Rogatory dated July 21, 2003, was issued by the Court of Special Judge, New Delhi. The Letters Rogatory was further supplemented on certain points on July 24, 2003, by the Court.An amount of US$ 1 million and Euro 3 million held in two bank accounts i.e. Account No. 5A51516L & 5A51516M of accused Ottavio Quattrocchi held with BSI AG, 39 King Street, London EC2V 8QD were frozen by the authorities in the UK on the strength of a restraint order issued by the London High Court, Queen’s Bench Division on July 25, 2003 pursuant to Letters Rogatory issued by the Court of the Special Judge, New Delhi.The aforesaid restraint order was challenged by Ottavio Quattrocchi and the London High Court has dismissed his application for discharge of restraint order with cost of UK £ 30,000.00 vide its judgment delivered on November 24, 2003.Subsequently, an appeal was filed by Ottavio Quattrocchi in the Supreme Court of Judicature, London, against the judgment of London High Court. The Supreme Court of Judicature, London, has dismissed the said application on January 20, 2004, again with cost of UK £ 38,000.00.The authorities in the United Kingdom have also been requested by the CBI to conduct investigation into the source of aforesaid restrained funds. While the funds held in the aforesaid accounts have been restrained, the request for execution of Letters Rogatory is still pending.A request had been conveyed to the concerned authorities in UK through Interpol Division of CBI on Decmber 3, 2003, and reminder dated January 30, 2004, for execution of the aforesaid Letters Rogatory on priority and intimating the present status in the matter. But so far, no response has been received from the UK authorities in the above matter.Where did all this money come from? Why did Bofors pay such huge sums to Quattrocchi when India purchased field guns for its army? Since Sonia Gandhi has been the dearest friend of the Quattrocchi’s for over three decades and since she provided them unprecedented access to the prime minister’s office and residence for long years, she owes the country an explanation.Maruti Scandal and FERA violationsThe second and equally disturbing event is the impunity with which Sonia Gandhi violated the Foreign Exchange Regulation Act 30 years ago. This happened with the launch of a company called Maruti Technical Services Private Limited (MS’FPL) on November 16, 1970. This company was set up by her along with her brother-in-law Sanjay Gandhi to provide technical know-how for the design, manufacture and assembly of a ‘wholly indigenous motor car’.It is in the context of this company, of which she was half-owner and managing director while being an Italian national that the question of FERA violation arises.The company’s story provides valuable insights into the mind of Sonia Gandhi, who is often credited with much innocence and gullibility by those around her. The birth of MTSPL, preceded that of another company, Maruti Limited, which was to avail of the former’s ‘know-how’ to produce the cars.The Articles of Association of MTSPL named Sanjay and Sonia Gandhi as the first and permanent directors of the company, who between them held 20 shares of Rs 10 each. In other words, its paid-up capital was Rs 200 at the time of its launch. On November 21, 1970, just days after its incorporation, MTSPL entered into an agreement with Sanjay Gandhi, who owned 50 per cent of it.Under this agreement, Sanjay agreed to render ‘technical know-how’ to the company for a consideration of Rs 3 lakh. In June 1971, Maruti Limited was incorporated under the Companies Act and Sanjay Gandhi became its Managing Director. On December 15, 1971, MTSPL allotted 1500 equity shares of Rs 10 each to Sanjay Gandhi. On June 2, 1972, MTSPL entered into an agreement with Maruti Ltd, according to which MTSPL was to be paid Rs 5 Lakh in lump sum by the latter for providing the technical know-how.This document describes MTSPL, of which Sanjay and Sonia Gandhi were the only directors, as a technical company ‘which has the capability of imparting technical know-how for the design, manufacture and assembly in India of a wholly indigenous motor car’. It was also entitled to an annual technical fee of two per cent of the net sales of motor cars.Six weeks after this agreement, Maruti Ltd paid the promised Rs 5 lakh to MTSPL. Later, MTSPL kept its word and paid Sanjay Gandhi, its half owner, Rs 3 lakh in order to purchase ‘technical know-how’ from him!The next move came about a year later. MTSPL appointed the owner of its other half, Sonia Gandhi as its managing director. This happened at an ‘extraordinary general meeting of share holders’ held on January 25, 1973.Suffice it to say that Sanjay and Sonia Gandhi, the two directors, were also the only share-holders of the company at that time. Soon thereafter, MTSPL signed an agreement with Sonia Gandhi as per which she was to remain the managing director of the company for five years. She was to get a salary of Rs 2000 per month and one per cent commission on the net profits of the company, subject to a limit of 50 per cent of her annual salary plus perquisites.Sometime later, the company allotted 2000 shares to Sonia Gandhi. For some reason, this was later sub-divided into two share certificates of 1900 and 1000 shares respectively and 1900 shares were allotted to her on February 4, 1974. On the same day, 4000 shares each were allotted to Priyanka and Rahul, the two minor children of Sonia and Rajiv Gandhi.Even more fascinating was the decision of the Nehru-Gandhi family to launch yet another company, to make among other things, road rollers, and to appoint Sonia Gandhi as managing director of this firm as well. This company, called Maruti Heavy Vehicles Private Limited, had 13 shareholders but the Nehru-Gandhis had the controlling shares.This was incorporated on February 22, 1974, and Sonia Gandhi acquired 5000 shares in it. She entered into an agreement with this company on September 28, 1974, in regard to her appointment as its MD. But this agreement was not implemented and she did not draw any salary.In 1975, this road roller company too sought out Maruti Technical Services Company, in search of know-how to make road rollers. An agreement was signed on April 1, 1975, between the two companies, according to which the road roller company was to pay the know-how company two per cent of net sales of road rollers and spare parts.Did Sonia Gandhi, who was then a citizen of Italy, violate any Indian laws by becoming the managing director of an Indian company and by acquiring shares in Indian companies?Was MTSPL, which was floated by Sanjay and Sonia, competent to provide technical know-how to make ‘a wholly indigenous motor car’ and road rollers? Was Sonia Gandhi technically qualified and competent to be the managing director of such companies?A Commission of Inquiry headed by Justice AC Gupta, which probed the Maruti Scandal and submitted its report in 1978, provides the answers to all these questions. The commission’s report said SM Rege, who was Secretary of Maruti Ltd, told the commission it was known to all concerned that Sonia Gandhi was a foreign national and not a citizen of India.S Kumar, Registrar of Companies, Delhi and Haryana, said the allotment of shares of MTSPL and MHVPL to Sonia Gandhi in 1974 was in contravention of the Foreign Exchange Regulation Act, 1973 and therefore `ab initio void’. After listening to the testimony of several such witnesses, the commission concluded:“It was a fact known to all concerned that Ms Sonia Gandhi was a foreign national. In view of the provisions of the Foreign Exchange Regulation Act, 1973, which came into force on January 1, 1974, she could neither hold shares of any Indian company nor hold any office of profit in such company from the date the Act came into force without the prior approval of the Reserve Bank of India,”The commission further noted, “She tendered her resignation on January 21, 1975. It is surprising that Ms Sonia Gandhi who did not have any technical qualification should be appointed managing director of a technical company. Quite a large sum of money was paid to her on account of her salary and perquisites during the period she remained the managing director of the company.”The Gupta Commission also recorded the fact that A Banerjee, Income- Tax Officer, disallowed part of the remuneration to Sonia Gandhi as excessive “because she had no qualifications to be able to render any technical service to the company”.Among other issues, the commission went into the question of the competence of MTSPL to provide know-how to make cars and road rollers. WHF Muller, a German technician on the staff of MTSPL, told the commission that all that Maruti Ltd produced were 10 to 12 prototypes which were ‘hand-made’ and ‘fabricated/purchased in parts’ and not of the same design. They were different from one another.Yet another witness said MTSPL had no qualified graduate engineer for design on its rolls. There was no fixed and finalized design for the vehicles and no research and development facility. Yet, dealers were recruited and asked to set up show rooms “to create an impression that the appearance of the Maruti car in the market was imminent”.Two such dealers, who were given cars to exhibit in their show rooms, narrated their experience to the commission. “One had to push the car to his show room, and the other who returned the car to the Maruti garage for repairs following a brake failure while he was driving, did not get back either the car or the money (Rs 22,000 // $1 = Rs.40) he had paid for it.”The commission also spoke about the rough and ready methods used by Maruti Ltd against the dealers who wanted to back out. “One of the dealers, Mr. SC Agarwal, who terminated his agency was threatened by Sanjay Gandhi that he would be sent to jail. Mr. Agarwal had to apologize by touching Sanjay’s feet. Mr. Om Prakash Gupta of Hapur who had asked for payment of interest due to him on his security deposit was arrested under the Maintenance of Internal Security Act.”Witnesses also told the commission that MTSPL did not have any technically qualified person or specialist on road rollers. The commission, therefore, concluded: “Maruti Technical Services was not competent to render technical know-how in respect of Maruti cars. There is no evidence that it had the know-how in respect of road rollers.”The Maruti cars that are now on Indian roads came to be produced after the Central Government took over the company and brought genuine “know-how” from Japan and dispensed’ with the bogus “Italian” know-how that the company was saddled with in its formative years.In any case, the bottom line is that the contents of the Gupta Commission Report and the Voters’ List Episode provide sufficient evidence of Sonia Gandhi’s disdain for Indian laws. Regrettably, it would appear the Nehru-Gandhi family was party to these fraudulent declarations.Although an Italian citizen, she was appointed Managing Director of Maruti Technical Services Private Limited on January 25, 1973. The Foreign Exchange Regulation Act (FERA), which was debated and passed by Parliament that year, came into force on January 1, 1974.Among other things, it prohibited foreigners from owning shares or accepting appointment in Indian companies without the permission of the Reserve Bank of India. Yet, Sonia continued as Managing Director and resigned only on January 21, 1975. She had thus violated FERA for over a year. Section 56 of the Act, which listed the punishment for contravention of FERA, says that violations of this nature can attract imprisonment for periods ranging from six months to seven years.Smuggling of Indian artifacts(Dr. Subramaniam Swamy)Those who have no love for India will not hesitate to plunder her treasures. Mohammed Ghori, Nadir Shah, and the British scum in the East India Company made no secret of it. But Sonia Gandhi has been more discreet, but as greedy, in her looting of Indian treasures. When Indira Gandhi and Rajiv Gandhi were Prime Ministers, not a day passed when the PM’s security did not go to the New Delhi, or Chennai international airport to send crates and crates unchecked by customs to Rome. Air India and Alitalia were the carriers. Mr. Arjun Singh first as CM, later as Union Minister in charge of Culture was her hatchet man. Indian temple sculpture of gods and goddesses, antiques, pichwai paintings, shatoosh shawls, coins, and you name it, were transported to Italy to be first displayed in two shops owned by her sister [i.e., Anuskha alias Alessandra]. These shops located in blue-collar areas of Rivolta [shop name: Etnica] and Orbassano [shop name: Ganpati] did little business because which blue collar Italian wants Indian antiques? The shops were to make false bills, and thereafter these treasures were taken to London for auction by Sotheby’s and Christies. Some of this ill-gotten money from auction went into Rahul Gandhi’s National way into the Gandhi family account in the Bank of America in Cayman Islands.Rahul’s expenses and tuition fees for the one-year he was at Harvard, was paid from the Cayman Island account. What kind of people are these Gandhi-Mainos that bite the very hand of Bharat Mata that fed them and gave them a good life? How can the nation trust such greedy thieves?Terrorist connections(By Dr. Subramaniam Swamy)Sonia has had long connection with the Habash group of Palestinian, and has funded Palestinian families that lost their kith and kin in a suicide bombing or hijacking episode. This, Rajiv Gandhi himself told me and was confirmed to me [the funding] by Yassir Arafat when I met him in Tunis on October 17, 1990 at the request of Rajiv Gandhi. Rajiv Gandhi and I were good friends from 1978, but became very close buddies after V.P. Singh had betrayed him in 1987. We met practically every day, mostly in the early hours from 1AM to 4AM. It was at my suggestion that he made Chandrashekhar the PM. And contrary to public impression, he was not mainly responsible for the fall of Chandrashekar government in which I was a Minister.Besides the Palestinian extremists, the Maino family have had extensive business dealings with Saddam Hussein, and surprisingly with the LTTE [”the Tamil Tigers”] since 1984. Sonia’s mother Paola Predebon Maino, and businessman Ottavio Quattrocchi were the main contacts with the Tigers. The mother used the LTTE for money laundering and Quattrocchi for selling weapons to earn commissions.Sonia’s conduit to the LTTE has been and is through Arjun Singh who uses Bangalore as the nodal point for contact. There is a string of circumstantial evidence pointing to the prima facie possibility that the Maino family may have contracted the LTTE to kill Rajiv Gandhi. The family may have assured the LTTE that nothing would happen to them because they would ensure it is blamed on the Sikhs or the evidence so much fudged that no court would convict them. But D.R. Karthikeyan of the CBI who led the SIT investigation got the support of Narasimha Rao and cracked the case, and got the LTTE convicted in the trial court, and which conviction was upheld in the Supreme Court.Although on the involvement of Congress Party in the assassination, DRK soft peddled on a number of leads perhaps because he did not want political controversy to put roadblocks on his investigation as a whole. The Justice J. S. Verma Commission, which was set up as the last official act of the Chandrashekhar government before demitting office on June 21, 1991, did find that the Congress leaders had disrupted the security arrangements for the Sriperumbudur meeting. The Commission wanted further probe into it but the Rao government rejected that demand. In the meantime under Sonia’s pressure, the Jain Commission was set up by the Rao government, which tried to muddy the waters and thus exonerate the LTTE. But the trial court judgment convicting the LTTE came earlier, and that sinister effort too failed.The Maruti scam (by Arun Shourie)Maruti was one of the most odious scandals connected with Mrs Indira Gandhi and her family. The Commission of Inquiry headed by Justice A C Gupta recorded that, though she was at the time a foreigner, Sonia Gandhi secured shares in two of their family concerns: Maruti Technical Services Pvt. Ltd. (in 1970 and again in 1974), and Maruti Heavy Vehicles (in 1974). The acquisition of these shares was in contravention of the very Act that Mrs Gandhi used to such diabolic effect in persecuting her political opponents, the Foreign Exchange Regulation Act, 1973. Just another technicality!But the Mother of Technicalities, so to say, is to be found in the way Sonia Gandhi, without having any known sources of income, has become the controller of one of the largest empires of property and patronage in Delhi. The Jawaharlal Nehru Memorial Library and Museum is one of the principal institutions for research on contemporary Indian history. It is situated in and controls real estate which, because of its historical importance, cannot even be valued. The institution runs entirely on grants from the Government of India. Sonia Gandhi has absolutely no qualification that could by any stretch of imagination entitle her to head the institution: has she secured even an elementary university degree, to say nothing of having done anything that would even suggest some specialization in subjects which the institution has been set up to study. But by mysterious technicalities she is today the head of this institution. So much so that she even decides which scholar may have access to papers — even official papers — of Pandit Nehru and others of that family, including, if I may stretch the term, Lady Mountbatten.Donation of public money to Sonia controlled foundations to promote her interestsReal estate, only slightly less valuable, has been acquired on Raisina Road. The land was meant to house offices of the Congress. A large, ultra-modern building was built — the finance being provided by another bunch of technical devices which remain a mystery. The building had but to get completed, and Sonia appropriated it for the other Foundation she completely controls — the Rajiv Gandhi Foundation. The Congress(I) did not just oblige by keeping silent about the takeover of its building, in the very first budget its Government presented upon returning to power, it provided Rs 100 crores to this Foundation. The furore that give-away caused was so great that the largesse had to be canceled. No problem. Business house after business house, even public sector enterprises incurring huge losses, coughed up crores. The Foundation has performed two principal functions. The projection of Sonia Gandhi and enticing an array of leaders, intellectuals, journalists etc. into nets of patronage and pelf.But the audacity with which the land and building were usurped and funds raised for this Foundation falls into the second order of smalls when they are set alongside what has been done in regard to the Indira Gandhi National Centre for Arts.This Centre was set up as a trust in 1987 by a resolution of the Cabinet. The Government of India gave Rs. 50 crores out of the Consolidated Fund of India as a corpus fund to this Centre. It transferred 23 acres of land along what is surely one of the costliest sites in the world — Central Vista, the stretch that runs between Rashtrapati Bhavan and India Gate — to this Trust. Furthermore, it granted another Rs. 84 crores for the Trust to construct its building.The land was government land. The funds were government funds. Accordingly, care was taken to ensure that the Trust would remain under the overall control of the Government of India. Therefore, the Deed of the Trust provided, inter alia, every ten years two-thirds of the trustees would retire. One half of the vacancies caused would be filled by the Government. One half would be filled by nominations made by the retiring trustees.The Member Secretary of the Trust would be nominated by the Government on such terms and conditions as the Government may decide. The President of India would appoint a committee from time to time to review the working of the Trust, and the recommendations of the committee would be binding on the Trust.No changes would be made in the deed of the Trust except by prior written sanction of the Government, and even then the changes may be adopted only by three-quarters of the Trustees agreeing to them at a meeting specially convened for the purpose. Now, just see what technical wonders were performed one fine afternoon.A meeting like any other meeting of the trustees was convened on18 May, 1995. The minutes of this meeting which I have before me list all the subjects which were discussed — the minutes were circulated officially by Dr Kapila Vatsyayan in her capacity as the Director of the Centre with the observation, “The Minutes of this meeting have been approved by Smt Sonia Gandhi, President of the IGNCA Trust.”What did the assembled personages discuss and approve? Even if the topics seem mundane, do read them carefully — for they contain a vital clue, the Sherlock Holmes clue so to say, about what did not happen.The minutes report that the following subjects were discussed:1: Indira Gandhi Memorial Fellowship Scheme and the Research Grant Scheme.2: Commemoration volume in the memory of Stella Kramrisch.3: Sale of publications of the IGNCA.4: Manuscripts on music and dance belonging to the former ruling house of Raigarh in M P5: Report on the 10th and 11th meetings of the Executive Committee.6: Approval and adoption of the Annual Report and Annual Accounts, 1993-94.7: Bilateral and multilateral programs of IGNCA, and aid from U N agencies, Ford Foundation, Japan Foundation, etc.8: Brief report on implementation of programs from April 1994 to March 1995.9: Brief of initiatives taken by IGNCA to strengthen dialogue between Indian and Vietnam, Thailand, Indonesia, China.10: Documentation of cultural heritage of Indo-Christian, Indo-Islamic and Indo-Zoroastrian communities.11: Gita Govinda project.12: IGNCA newsletter.13: Annual Action Plan, 1995-96.14: Calendar of events. 15: Publications of IGNCA.15: Matters relating to building project.16: Allocations/release of funds for the IGNCA building project.There is not one word in the minutes that the deed of the Trust was even mentioned.This meeting took place on 18 May, 1995. On 30 May, 1995 Sonia Gandhi performed one of technical miracles. She wrote a letter to the Minister of Human Resources informing him of what she said were alterations in the Trust Deed which the trustees had unanimously approved. Pronto, the Minister wrote back, on 2 June, 1995: “I have great pleasure in communicating to you the Government of India’s approval to the alterations.”The Minister? The ever-helpful, Madhav Rao Scindia. And wonder of wonders, in his other capacity he had attended the meeting on 18 May as a trustee of the IGNCA, the meeting which had not, according to the minutes approved by Sonia Gandhi, even discussed, far less “unanimously approved” changes in the Trust Deed. And what were the changes that Sonia Gandhi managed to get through by this collusive exchange of two letters?She became President for life. The other trustees — two-thirds of whom were to retire every ten years — became trustees for life. The power of the Government to fill half the vacancies was snuffed out. The power of the Government to appoint the Member Secretary of the Trust was snuffed out; henceforth the Trust would appoint its own Member Secretary.The power of the President of India to appoint a committee to periodically review the functioning of the Trust was snuffed out; neither he nor Government would have any power to inquire into the working of the Trust.A Government Trust, a Trust which had received over Rs. 134 crores of the tax-payers’ money, a Trust which had received twenty three acres of invaluable land was, by a simple collusive exchange of a letter each between Sonia Gandhi and one of her gilded attendants became property within her total control.The usurpation was an absolute fraud. The Trust Deed itself provided that no amendment to it could come into force — on any reasonable reading could not even be initiated and adopted — without prior written permission of the Government. Far from any permission being taken, even information to the effect that changes were being contemplated was not sent to Government. An ex post “approval” was obtained from an obliging trustee. That “approval” was in itself wholly without warrant. Such sanctions are governed by Rule 4 of the Government of India (Transaction of Business) Rules, 1961. This Rule prescribes that when a subject concerns more than one department, “no order be issued until all such departments have concurred, or failing such concurrence, a decision thereon has been taken by or under the authority of the Cabinet.” Other departments were manifestly concerned; concurrence from them was not even sought. The Cabinet was never apprised.The rule proceeds to provide, “Unless the case is fully covered by powers to sanction expenditure or to appropriate or re-appropriate funds, conferred by any general or special orders made by the Ministry of Finance, no department shall, without the previous concurrence of the Ministry of Finance, issue any orders which may… (b) Involve any grant of land or assignment of revenue or concession, grant… (d) Otherwise have a financial bearing whether involving expenditure or not…”And yet, just as concurrence of other departments had been dispensed with, no approval was taken from the Finance Ministry.The Indian Express and other papers published details about the fraud by which what was a Government Trust had been converted into a private fief. Two members of Parliament — Justice Ghuman Mal Lodha and Mr. E. Balanandan — began seeking details, and raising objections.For a full two and a half years, governments — of the Congress (I), and the two that were kept alive by the Congress (I), those of Mr. Deve Gowda and of Mr. I. K. Gujral — made sure that full facts would not be disclosed to the MPs, and that the concerned file would keep shuttling between the Ministry of Human Resource Development and the Ministry of Law.As a result, Sonia Gandhi continues to have complete control over Governmental assets of incalculable value — through technicalities collusively arranged.Here is an overview of Sonia’s EmpireName of the trust Year founded Budget Function1 Rajiv Gandhi Trust 1991 Rs. 24 Crore The Trust Helps the women and the children. Also active in the field of literacy, health, aviation and science.2 Rajiv Gandhi Institute of Contemporary Studies 1992 Rs. 3 crore Study of the public policy from Rajiv Gandhi’s viewpoint3 Jawahar Bhawan Trust 1989 Unknown Registered for maintaining Jawahar Bhawan4 Indira Gandhi Memorial Trust 1985 Rs. 3 crore Organizes lecture on the occasion of the distribution of Indira Gandhi Peace Prize given once in every two years5 Jawaharlal Nehru Memorial Museum and Library 1985 Unknown This a Government committee which besides maintaining Nehru memorials organizes seminars and exhibitions6 Jawaharlal Nehru Memorial Fund 1965 Rs. 7 crore It maintains Anand Bhawan and Swaraj Bhavan in additions to providing Nehru fellowship7 Veer Bhoomi and Sriperumbdur Memorial committee 1991 by the Ministry of the Rural Development This committee which is solely handled by Sonia, manages the two memorial places associated with Rajiv GandhiRGF list of donorsOne another dimension of Sonia Gandhi’s greed for real estate and money [power has been amply exhibited in the way she acquired six trusts bearing the name of Jawahar Lal Nehru, Indira Gandhi and Rajiv Gandhi. It is a well-known fact that Jawahar Bhawan was built to house the Congress party headquarters, but the building worth hundred crores was manipulated to be the property of Rajiv Gandhi Trust of which she is a chairperson trustee for the life. It may be recalled that scores of public and private sector, undertakings were advised to pay handsome donations to RG foundation. The sample of the donors’ list along with the money is given below: (As per the list of donors published in daily Jansatta on December 14, 1992)Name AmountJ.N.M fund 1,00000.00Hindustan Times Ltd. 20,00000.00Satlaj Cotton Mills Ltd. 6,00000.00M/s J&K Industries Ltd 5,00000.00M/s Straw Products Ltd. 5,00000.00Smt. Sonia Gandhi 1,00000.00Shri G D Parthasarathi 5,00000.00Shri Bharat H. Barai 1,00000.00Dunlop India 20,00000.00Mathair & Plant India Ltd. 5,00000.00Orissa Cement Ltd. 2,00000.00Hindustan Door Oliver Ltd. 5,00000.00Shri M. R. Chabariya Charity Trust 1,00000.00ITC Ltd. 50,00000.00ANZ Grindlays Bank 6,00000.00M/s Indian Petro Chemicals Cor. Ltd. 5,00000.00Ravi’s Sant Pvt. Ltd. 1,51,000.00Click Nicson Ltd. 7,50000.00Niryat Pvt. Ltd. 10,00000.00Tamil Nadu Congress Committee (I) 2,00000.00Snow Chem India Ltd. 7,50000.00Bajaj Auto Ltd. 25,00000.00M. N. Dastoor & Company 5,00000.00M/s JCT Ltd. 12,50000.00M/S Fera Alloys Corpo Ltd 2,50000.00M/S APJ Ltd 2,50000.00M/s Simplo (E) Tea Company Ltd 2,50000.00M/s Surendra Overseas Ltd. 2,50000.00M/s Assam Frontier Tea Ltd. 2,50000.00M/s Empire Plantation (E) Ltd. 2,50000.00M/s Usha Rectifire Corp (E) Ltd. 10,00000.00M/s Prajakta Finance and Trading Pvt. Ltd. 7,50000.00M/s Kausar Engineers Pvt. Ltd. 7,50000.00M/s S G Chemical and Dyes Trading Ltd 10,00000.00Mahalakshmi Charitable Society 12,50000.00M/s Godfray Philips (E) Ltd 12,50000.00Shri SS Surjewala 1,11000.00M/s Batliboi & Company Ltd. 1,00000.00M/s Carner Sone Brands Ltd. 1,50000.00Shri Natthu Bhai Patel 1,00000.00M/s Associated Beverage & Distilleries 1,00000.00U N Mehta Charitable Trust 1,50000.00All India Congress Committee 50,00000.00M/s Indian Polaseze Comp Ltd. 5,00000.00M/s Deepak Fertilizers and Petro 3,00000.00M/s Indian Acritize Ltd. 1,00000.00Central Bank of India 2,00000.00M M Joshi Trust 5,00000.00C D Vajpayee Trust 5,00000.00K N Singh Trust 5,00000.00R Gupta Trust 5,00000.00Shri B. N. srivastava 5,00000.00Treasurer, AICC 50,00000.00Sethi Trust 15,00000.00Indo-soviet Pharmacy 1,00000.00M/s Jury Agro Chemicals Ltd. 25,00000.00M/s Vinayaka Enterprises 2,000000.00M/s Vinayaka Enterprises (Rawgandha Mint) 1,00000.00M/s Adarsh Enterprises 2,00000.00M/s Mejestic Acriviter 2,00000.00Ravi Kumar Traders 2,00000.00Shri Ram Krishna Lodge 2,00000.00Rangnath Enterprises 2,00000.00M/s Shri Ram liquor 2,00000.00Mahamahim Srhi Li pand 5,15771.00Mahanager Telephone Nigam Ltd. 10,00000.00Treasurer, AICC(I) 50,00000.00M/s Premium Exports Ltd. 2,50000.00Responsible Builders Pvt. Ltd. 10,00000.00Jyotsna Holding Pvt. Ltd., 15,00000.00Warden Armenion Church 10,00000.00Rohan Motors Pvt. Ltd., 7,50000.00Meravnazi Security 1,00000.00ONGC 1,00000.00UniPatch Ruber Ltd., 1,00000.00Shri Harshad S Mehta – Ascro Khata 6,25000.00Promor Race Asset Manage Ltd- Ascro Khata 6,25000.00Shri J H Mehta – Ascro Khata 6,25000.00Shri Ashwin Mehta – Ascro Khata 6,25000.00RPG enterprises (According to 4,18900.00(According to RGF foundation 1,83100.00M/s Borosil Glass Works Ltd 1,00000.00M/s M P Dist Ltd. 1,00000.00M/s Asian Capital Consolidated Fund 1,00000.00Shri P V Huglar 5,16000.00Shri Sitaram Kesri 25,00000.00Shri Sitaram Kesri 25,00000.00Shri Lalit Suri 50,00000.00M/s Wahwan Automotive Centre 1,23396.59Peerless General Finance & Investment 50,00000.00Setia Trust 5,00000.00Shri Sitaram Kesri 25,00000.00Shri Ravi Chawla 1,11000.00Smt Meena Ravi Chawla 1,11000.00Shri Vishal Ravi Chawla 1,11000.00Bindal Agro Chemical Ltd., 25,00000.00Fund Raising sub committee for RGF 12,33370.00All India Congress Committee (I) 25,00000.00M/s Oswal Agro Mills Ltd., 25,00000.00M/s Bindal Agro Chemical Ltd. 25,00000.00M/s Mysore Cements Ltd., 20,00000.00M/s Simco Ltd., 5,00000.00M/s coloride Ind Ltd., 15,00000.00M/s VXL Indian Ltd., 10,00000.00CESC Ltd., 37,50000.00Miscellaneous 1,15000.00Soka Glai International 5,74268.00Firozeshah Godrej Foundation 4,00000.00Treasurer, AICC (I) 25,00000.00Larsen and Toubro Ltd., 10,00000.00Dena Bank 1,00000.00Finish Development Agency (Phinida) 3,44827.59Vijayshri Liquor Company Pvt. Ltd., 5,00000.00H. Themmegowda 7,50000.00J P Narayan Swamy 5,00000.00Ravi Kumar Traders 7,50000.00The Peerless General Finance & Investment Company 25,00000.00Nobody pays any money for nothing. Most of the money has been paid by repeated reminders (read coercion)IGNCAIndia Today published a report about Indira Gandhi National Centre for Arts in its issue dated July 5, 1999. The write up exposed her manipulation, some portions are given below.“… with Congress having ruled the country the longest, it is not surprising that its president Sonia Gandhi has not only gained her family’s political inheritance but also control over its vast assets in the form of public trusts, institutions and funds. The IGNCA was set up in 1987 with a corpus fund of Rs. 50 crore, a grant of Rs. 100 crore for its grandiose yet-to-come-up edifice, 21 acres of prime land in Delhi (worth of Rs. 5,000 crore), a battery of Government officers on deputation and 15 duplex flats in the capitals Asian Games complex (worth over Rs. 1 crore each).The IGNCA’s original trust deed provided for the trustees to hold office for a period of 10 years, the Member-Secretary to be appointed by the Government and for the President of India in his capacity as the visitor to periodically review the functioning of the IGNCA. However, in May 1995 the trustees without seeking the permission of the Government made crucial changes to the trust deed. According to a document circulated by the IGNCA Workers Union, “During 1994-95, when the Congress party was facing an uncertain elections, Vatsyayan, the then Member-Secretary, got certain major changes carried out in the basic structure of the IGNCA so as to remove the role of the Government of India in the affairs of the IGNCA altogether”.The new trust deed made Sonia life president of the IGNCA and bestowed life membership on R. Venkataraman, P.V.Narasimha Rao, Pupul Jayakar, H.Y.Sharada Prasad and Vatsyayan. When Jayakar declined to accept life membership saying “Indira would be shuddering in her grave if she knew what was happening in her name”. Mahmohan Singh was drawn into the charmed coterie in her place. More significantly, the role of the President of India as visitor was done away with as was the power of the Government to appoint the member-Secretary. Kapila Vatsayayan, who till then held the post with the rank of a Secretary n the Union Government and had reached the age of superannuation, was given the rank equivalent to that of a Minister of State and re-designated Academic Director. Madhavrao Scindia, then HRD Minister, gave post facto approval to the changes without consulting either his department or others like finance, urban affairs of parliamentary affairs.Nor was the matter ever discussed by the Cabinet, then. With the IGNCA clearly violating its own original constitution, the Attorney-General believes that the so-called life president and all the life trustees were not legally exercising their authority over the institution. Moreover, despite receiving huge amounts of public money, the IGNCA does not submit itself to scrutiny of the CAG and instead has hired private Chartered Accountants to do the job. The Government insists that the IGNCA open its book for the CAG and is all set to see this matter to its logical conclusion. “We may even take over its assets if they don’t restore the original trust deed”, says a high official in the DoC. Meanwhile, notices are being issued to the IGNCA officials to vacate the Asiad Village flats where they have been overstaying without even paying the nominal Rs. 685 monthly rent. However, in a country where occupation is two-thirds of the title and political exigencies more powerful than the niceties of law, Joshi’s audacious bid to restore status quo ante in the IGNCA may prove to be difficult, if not more, than throwing out the Pakistani intruders in Kargil”.BoforsFinally the mega corruption issue – the Bofors investigation – which Sonia Gandhi never allowed to be completed. During the Narasimha Rao years, he bought peace with Sonia Gandhi on the bargaining counter in Bofors inquiry itself. The tenure of V P Singh was too short, and Chandra Shepherd was not too enthusiastic, for the probe to be completed. When Deve Gowda pushed the inquiry and then CBI chief Joginder singh was about to start the proceedings further, Sonia Gandhi saw to it that Gowda was toppled. It was again for the furtherance of the proceedings by Prime Minister I K Gujral, that the government led by him was toppled. When Vajpayee gave clearance and the papers went to the President, within a fortnight his Government was too voted out on the specific instructions of Sonia Gandhi.The CBI has enough documents to prove close linkage of ‘Q’ with Sonia and her family. The joint photographs showing Sonia Gandhi, Rajiv’s family members, and ‘Q, several travel documents which prove beyond doubt that Mr. Q’ and Sonia’s family were more closer than knowledgeable people can think of. Quattrocchi’s name is there in kick-back accounts; the remaining last leg of the inquiry is bound to catch Mr. ‘Q’ red-handed, which would in turn show the real greedy Sonia.Sonia vs. Gandhi: The controversy, the Full Page Ad in New York Times in Oct 2007 that triggered multi million dollar lawsuits against activists in US.US activists requested Sonia proxy in US, INOC (India National Overseas Congress) that Sonia is not the right person to represent Gandhi’s principles at UN on Oct 2, 2007 and not to use his name for political purposes. They requested to bring in a freedom fighter from Congress party itself. But INOC started calling activists fundamentalists and other names. About 500 NRIs gathered in front of UN when Sonia spoke on Oct 2nd, 2007 and they took out a full page Ad in New York Times Ad. In Apr 2008, INOC sued with multi 100 million dollar lawsuits which were challenged in US courts and defeated. READ THE WHOLE STORY AT Gandhi Heritage -It is an accepted fact that almost every Indian politician is corrupt if measured against Gandhian principles every Indian politician will fail on some points or other but Sonia would fail on every point. Sonia is a symbol of what Gandhi advocated against. She is trying to wear Gandhi’s cloak to cash on Gandhi’s fame and gain legitimacy. Gandhi stood for:I. Sat — which implies openness, honesty, and fairness: TruthSonia repeatedly proved her untruthfulness and dishonesty. Even in a trivial issue such as her educational qualifications she lied. Furthermore there is no public record of her ever apologizing for her mistakes.II. “Ahimsa” — refusal to inflict injury on others.Sonia is known for vengeance actions. She is known for intolerance towards party members who rejoined her party.III. “Tapasya” — willingness for self-sacrifice.There is no incidence of Sonia’s sacrifice. She sacrificed India, congress party and national icons such as Gandhi to promote herself and her children.Anybody who respects Gandhi will be against misusing his name and fame. This protest is an attempt to save Gandhi’s name and legacy from misuse..