Your India, Protect it..
•
by Paayum Puli
Dear All,
The title is only to draw your attention. Now that the purpose is achieved, please read below.
I am writing this article on behalf of Rebelash who is currently serving as our MoF and I happen to be his Deputy. This article will reflect the finance or the savings that had come out of taxes and that is available in Central Bank of India.
This is basically to keep the public informed of our finance position and to have a system to understand how we go with our finance.
On day 1783, I am told that Rebelash handed over 4,394,749 cc and 742g to Hamturk who was our then- President. Rebelash’s article can be found here
On day 1813, I was told that Hamturk handed over 3,257,424 cc and 2217 gold to Rebelash who took over the Finance Ministry.
If you see, there is a negative difference of (-) 1137325 cc while there is a positive difference of (+) 1475 gold. Can the previous Presidency or the one who handled the Finance Ministry give a record for this difference?
We would like to consider the system that the previous Presidency followed so that we could learn how the expenses were managed, so that we could see if something could be duplicated this term too. There are no records whether there was any money taken out for dispatch or if any money was involved in monetary market from this.
If it was monetary market then 1137325 / 1475 would mean 771.06 cc per gold which is nowhere to the conversion rate at that time as it was somewhere at 400ish cc per gold then. In order to overcome the confusion on the understanding, I request an explanation on the expense. This will also mean the previous cabinet especially the Finance ministry is transparent to the public which is a very good sign where the public can understand how the Finance office is run.
I would appreciate if the explanation is given in an article rather than in comments.
Thanks.
Yours sincerely,
Navin.
Facebook
Twitter
Discord
Comments
me first
me second
Xplaination please...
http://www.erepublik.com/en/article/-mof-chose-thy-future--2105182/1/20
This is the last record of almost 100 days.
4.2m then and 3.2m now... I'm not sure what the amount was at the beginning of my term so I can't speak for any loss.
I'm sure gold value was higher at the start of my term and the monies lost when deadly was banned make up for expenses outside of dispatch.
Can't release article as I'm on my eWorld Tour but hope this clears it up
hmmmmm?
I know many things about Hamturk, but none of them would involve stealing money like this. Or if he had, he'd be throwing it in our face. The discrepancy can easily be explained by many things, not the least of all that at least in my CP term, I mismanaged finances horribly, leading to Rebelash wanting to do all kinds of terrible things to be. I'm certain it ought not to equal 1 million CC, but I'm sure that it would help. Not to mention, a lot of this might have been conversion from CC (cont.)
to gold during my term. I think asking for an explanation is good, but I just want to make sure that there is no speculation as to the cause being the malafide action of either Hamturk or his MoF.
I don't think he was saying I stole anything lol
I'm sure he's just looking for an explanation to our crazy financial situation?
Oh, sorry. Had a long day. Apologies, Navincharles. I wasn't suggesting that you were suggesting anything, but people can reach conclusions reading the article that were not intended. I just want to clarify that given the economic turmoil of the last month, we should not be hasty in coming to speculative conclusions and point fingers.
Come on Darren.. You could definitely do better than that.. Are you telling that during the course of all the operations such as the MM and dispatch, no accounts, records were kept at all?
And I am not blaming Hamturk.. But the Finance part could have been dealt a lot better... This is not the kind of message we want our public to be reading as this will create a really wrong impression about how things are maintained especially Finance...
I cant believe looking at the loss. The difference that we are speaking is 1137325 / 1475 which would mean 771.06 cc per gold and at that time gold was something around 400. Even if i keep it as 400, then 1475 x 400 = 590k The remaining we are missing records for is almost 500k+. Besides Arawn himself mentioning that he mismanaged finances horribly. I am sure you all agree we are a poor country and we are already crying for tax money..Imho this is totally unacceptable... Anyways Who Am I to ask?
I didn't expect to be managing the finance department as I was and I don't deny doing a bad job at it. What I'm saying is the last known record to me is from nearly 100 days ago so it's hard for anyone to say for sure without official government records.
I agree that more transparency is required and you have made a good start here, but in terms of taxes I had already proposed to raise income taxes (most profitable) to 10%
http://www.erepublik.com/en/article/cash-vacuum-country-income-rankings-2144890/1/20
As you see from this article the govt was earning 100cc per day during my term so unless Plato brings the bot back we are going to be struggling financially, with the possibility of even MPP's becoming to expensive for us.
Navin, the difference is I had Rebelash as an MoF, who was awesome - Hammy had to deal with the Finance issues without knowing that he'd have to. It isn't his fault that his MoF got banned and he lost some substantial sum right there in any case. Also, let's be clear - if we assume a gold rate of 450 CC per gold, the actual loss that we speak of is approximately 473575 INR, which is arrived at by calculating the value of the incremented gold as 450 CC, multiplying it by 1475, and (cont.)
subtracting the result from 1137325. Now, I assume during the term a considerable amount of INR was spent on MPPs, on dispatch for BRATS, and on many such endeavours. Given that our economy is in a gradual state of meltdown, I don't see why that is some kind of inconceivable sum to have been used. Your point is made - we should be more methodical and keep records. Just let's do that from now on instead of trying to find flaws in others.
473,575 INR is about 16 months of tax revenue in eIndia, that is MASSIVE.
You want record keeping, I'm your man:
http://www.erepublik.com/en/article/-wyd-eindia-tax-revenue-update-day-1811--2151065/1/20
Very Impressive Addy...
Guys, really, 500 K currency is shit load of dough.. That's about 1300 G or more like 500 + USD in RL Money.. Am sure none of us would be careless with that kind of personal Finances in RL 😉
???