sir
flwg is my response to ?your impression that ,

that sovereign debt loan achieved by Mr. Modi in Dubai  comes from oil wealth savings , and that no country including India can create its own sovereign money
if you read as per flwg link

http://www.financialexpress.com/article/economy/india-among-top-5-sovereign-em-debt-issuers-moodys/129536/

it will show that so called term sovereign debt 'it' does not constitute savings of a Govt. ,
 it refers to money borrowed by a Govt. from its Central Bank ,
the central bank creates electronic money loan to the Govt. against a promissory note / bond issued by the Govt . ,

ha ha
same applies to Abu Dhabi Govt , they also borrow from their central bank
ha ha
and that money shall then be loaned to India at somewhat higher interest ..
ha ha
so what is limiting Indian Govt to borrow more from Indian Central Bank CB for short , ha ha .. Mr Rajan gets salary from IMF to say no to Modi s Govt ,

ha ha

And
The most important insight ...

why should a sovereign Govt. need to borrow new electronically created money against its pro note given to its CB
is RBI on parliament St a deptt. under our sovereign elected Govt . or not ? or is RBI chairman a conduit to arrange Indians to pay interest to foreign insttns . ?

what is to stop our pm or fin min ,from creating equal amount of money by making an entry in the Consolidated fund of India , and after some time , equal to the loan period granted by say abudhabi , fin min could simply erase same amount from its Consolidated account .

no trips to Abu Dhabi and our country shall save huge  interest payable in foreign exchange .

sir ,
Even advanced country s sovereign funds are ' manufactured ', ad per IMF whims on the press of electronic buttons ! 

surely , this had better be discussed in person !

========================================================



 i. M Jayaram M, bangalore:

This method of govt operation is common to the point of absurdity. U.S. Govt could have written cheques or printed money- but they borrow from FRS !!!
Oil money is the form of TPM (toilet paper money ).it has as much intrinsic value as the useless dollar.
Why can't we promote manufacture in India and improve infrastructure which is relevant to India unlike aping the west and building bullet trains.
Yes, we have a lot to talk about. Next week, maybe Tuesday lets get on Skype

. M Jayaram M, bangalore: https://www.youtube.com/watch?v=4OVAROe3gW4

"An antidote to Ravi Garg"

The Skype message from Rajiv Bhushan

 i. M Jayaram M, bangalore: http://itsthepeoplesmoney.blogspot.com/2015/06/you-know-you-understand-modern-money.html

A primer on modern money - sent by Rajiv


 Rajiv ,

 my comments

1...The way the nation s monetary system is managed is SIGNIFICANTLY different in different countries/nations/currency areas ,
eg , USA ,...UK ,.... EEC ,...
 Germany ,
 India , Russia , China ,
 Japan ,etc ,..

2.... India (1947-1950), Russia (around 1991) , China , Japan , were forced to sign treaties , that are approved by their Contitutions ,
that gave away credit creation independence to their imperial masters ,
-respectively,- to UK then USA after bretton woods 1945 updated via  Jamaica 1972 . ...

3... the currency s issued by each of India , Russia , China , Japan are currency s of OCCUPIED COUNTRIES ,( -same as USA now manages the currency in Libya after occupying Libya in 2014-, or the way England managed the Rupee and banking ,eg , gold reserves , foreign exchange rates , bill discounting via London etc. in India say 1850-1950 ),

 and

each currency/credit  is issued/managed under full (selfish ) control of USA-IMF fully as USA-IMF is  the OCCUPIER ( IMPERIAL ) master of such counties .

 UK is a special case ...

EEC/EURO is also an OCCUPIED "country " in terms of the amount of credit that EEC CB central bank can issue

,-including decisions as whether the credit money will be used for
 a-sustainable employment or  b-asset appreciation bubbles  or c-or for loaning to IMF-suggested loan takers like India who in turn  end up becoming debt slaves to electronic money  .  ................