Stock valuation

 It is mind blowing that a public listed company can get valuations that are beyond fundamentals & that's why staticians can't play the stock market. For example, I started studying stock fundamentals, PE was something often mentioned in forums and used to get a hang of whether the stock is expensive or not. The price-to-earnings (P/E) ratio measures a company's share price relative to its earnings per share (EPS). PEG is stock's price-to-earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period. Theoretically, a PEG lower than 1.0 is best, suggesting that a company is relatively undervalued. When I got to know about PEG I tried to apply that concept but it didn't work in making profits. However, it helped get a perspective of the company's stock price valuation relative to other peers. Yet, this was not good enough to start trading. 

Over a period of time I have explored many parameters. ROCE, Profit Margin, PAT, Beta, RSI, MACD, ADX, ATR etc. Reading one of the books from Warren Buffet, I realized what makes an investor/trader more confident is his observation of the real world. His notion of what product is doing good, what product is taking off. These observations helps in finding multi-bagger stocks.

Over a period of 20 years, I have realized that one has to be long on their stock trades. This helps derisk in the eventuality of a bear market. There were events such as 2008 stock market crash, covid market crash which caused the stocks to decline by 20-30% over a period of 2-3 months.  However, making substantial profits also involves short-term trading. This requires people to understand market sentiments and have good insights into the future of the overall market, company specific sector and the company & competitor specific earnings & growth aspects. Having a 2-3 year view of a company's high-level performance and comparing it with competitors is very important. Keeping weekly tab of stock prices helps to capture gains that one has to wait for a quarter. These kind of gains are derived by swing traders who are ready to take limited risks through stop-loss.

For Stock entry, follow RSI & MACD: Moving average convergence/divergence (MACD) is a technical indicator to help investors identify price trends, measure trend momentum, and identify market entry points for buying or selling. Ensure RSI is above 50 unless you know something about the stock that others don't know.

For Stock exits, follow ATR: ATR is commonly used as an exit method that can be applied no matter how the entry decision is made. One popular technique is known as the "chandelier exit" and was developed by Chuck LeBeau. The chandelier exit places a trailing stop under the highest high the stock has reached since you entered the trade. The distance between the highest high and the stop level is defined as some multiple multiplied by the ATR

Trip to Europe & UK

 Was planning on this trip for a long long time.. Finally was able to do it in Oct 2018!

One of the speciality of the trip was that we had traveling members from 4 years to 70 years!!

Lot of challenges from even before start of the trip. Getting multiple visas (UK & Schengen). I got the UK visa on my own though had trouble with adding family members for the same slot in UK visa vfs website. Schengen requires planning the whole itinerary, internal stay & travel booking, insurance, etc. Even missing the middle name can create a problem!

I had checked many of my friends about each of the countries / cities and the travel options. The main attraction was Swiss. Rest all was specific to what we wanted to see. The European cities – Paris, Rome & London have their own charm. Unlike Australia, Europe is full of history and backed by excellent museums. We didn’t go to any Zoo in Europe though. Australian forest and wildlife is completely different from Asia & Europe which makes it very interesting. Also Australians are known for outdoors/adventure and Nelson bay near Sydney gave us some insight into the same.

The dynamism & energy of people in Melbourne may be compared to people in Amsterdam. Though both these cities have good public transport, people choose cycles (Amsterdam) & skateboards (Melbourne) which is pretty cool!!

Paris:

Nice buidings, nice people, great public transport - metros!! We had difficulty opening the metro door as the knob has to be turned or button pressed!

Some of the trains are pretty old and you would be happy to know that Bengaluru has better metro coaches!

We did Notre dame cathedral followed by Ice cream at Amorino. Then we went to the top of the great Eiffel tower! Amazing view of Paris..

Following day, went to Disneyland taking the metro! The ride was nice and reached disneyland in just 40 mins! Disneyland is outskirts of Paris it was interesting to watch the outskirts of Paris sitting in the train..
Some of the rides in Disneyland were down and so there was lot of rush for the other rides. The star wars ride was amazing. My dad & mom who came along had a terrific 2 mins on that ride!! The illumination in the evening closing time was amazing.

Had dinner at Gandhiji restaurant (serves non-veg & alcohol) on our way to our AirBnb home.. The owner was an interesting person and we had a good chat with him!

Next early morning we started with a tour of Sacre-coeur Basilica in Montemarte area. It was pretty close to our AirBnB house. Took a cab and reached in 10 mins. The Basilica is on top of a hill and gives a beautiful view of Paris! There was a real person dressed like a statue and was giving the tourists a nice time!

The Arc de Triomphe is one of the most famous monuments in Paris, standing at the western end of the Champs-Élysées at the center of Place Charles de Gaulle, formed by its twelve radiating avenues. The Arc de Triomphe honours those who fought and died for France in the French Revolutionary and Napoleonic Wars.

Friday afternoon traffic: We had to catch the TGV-Lyria train to Basel from Paris. Our taxi got cancelled at the last minute and it took another 20 mins to get one more. We had traffic signals everywhere and by the time we reached the train station, we were late! Luckily we had another train leaving after 2 hours and we could get tickets for the same! Finally, we realized how easy it was to travel in the metro in Paris than traveling in a taxi!

Interlaken, Swiss:

We reached Interlaken late in the evening. We had a nice AirBnB house near the station. Beautiful view outside, we started our first day with the visit to Jungfrajoch! It was a perfect day and we had a great time travelling all the way up! We had lot of Indian travellers in Swiss. We met a lady from Chennai who was traveling with her sister and had toured all around the globe! Jungfrajoch was one of the places that wasn't yet conquered on their list!

Interlaken is a quite town and surrounded by two beautiful lakes - Thun & Brienz. It's a lot of walk and we couldn't finish the entire cave! Later we did Harder kulm which offers a beautiful view of Interlaken and surrounding areas! The cog wheel train was also a beautiful experience.

The next day we went to St. Beatus caves. This is a beautiful cave near to lake Thun!
After St. Beatus caves went to Harder Kulm! After visiting the top, we had lunch there. Here we met a lady from Karachi, Pakistan who started chatting with us.. She was very curious about us and our culture!! Very keen to know if we are vegetarians or not!!

Lucerne, Swiss:

Here we planned to do Mt. Titlis. However due to the rain, we decided to push it to the next day. So instead we did Mt. Pilatus. Scenic views of switzerland all the way till the top! Since it had snowed overnight, we enjoyed some snow at the top!

Mt. Titlis: Very beautiful like the other places.

Chapel Bridge, Lucerne

Lido, Lake shore, Lucerne

Rome:

Colosseum, Roman forum, Trevi Fountain
St. Peter's Basilica, Vatican city

London:

Trafalgar square, Westminster, Buckingham palace, Big Ben, London Bridge

Wembley: Went to a relative's place for dinner. Saw the Wembley stadium from a distance!

Slough: Slough is near Heathrow airport and its a nice place away from the city. Visited a friend. Evening we went to Windsor castle!

Edinburgh, Scotland:

Edinburgh castle, St. Giles cathedral, Scottish national gallery

Drive from Edinburgh to Inverness & back:

Pitlochry Dam, Dores beach, Loch Ness, Fort Augustus, Scotland

Snack shack, Dalwhinnie

Amsterdam, Netherlands

City tour (Hop on Hop off)
Westerpark - serene garden with a pool of water where ducks & other birds having some fun in the water!
Cycling on the cycle paths of Amsterdam with my kid at the baby seat was fun!!
Early dinner at Saravana Bhavan - Delicious South-Indian meal in Europe!
On the way back to our hotel, we lost our way and by chance reached the popular "I amsterdam sign" near Rijksmuseum!!

Trip to Southern Australia

 Visited Australia – Sydney, Melbourne, Tasmania (Hobart, Launceston) between mid-oct to nov 1st week of 2017. The weather was perfect though some of the places were still bit cold near Melbourne & Tasmania. It was a great experience as we had our friends to help us with the stay & travel. We covered a lot of places by road (Great ocean drive, Tasmania, Nelson bay). Rented Kia Carnival car  as we had kids (Hertz, Budget, Enterprise). Need duck feather jackets with hood to stand the cold in speed boat/cruise, 12 apostles, Mt. Wellington, etc. Use sun-screen during afternoons and in the beach.

Sydney

Sydney has local train connectivity to their airport. Very convenient! You need to buy Opal card to travel in the local train & light-rail. Sydney is the largest city in Australia. I thought Sydney was slightly warmer & weather wise better than Melbourne & Tassie (slightly colder).

Sydney local places to visit:

Sydney harbour bridge & opera house view from park at McMahons Point (evening/night picnic)
Opera house & Royal botanical gardens
Torango zoo (half day)
Sealife Sydney Aquarium
Paddy’s market – It’s a Chinese market to buy souvenir, gifts like magnets, mugs, etc.

Day outing near Sydney around Royal national park:

Royal National Park (Picnic – Lunch)
Wattamolla Beach, Royal National Park
Helensburgh
Sri Venkateswara Temple, Helensburgh NSW

Day trip to Jenolan caves & Blue mountains:

Jenolan caves is huge & amazing. Try to reach as early as possible so you can complete at least 2 guided tours. Exploring the caves on your own is not allowed. Guided tours are available.
Check the timings here so you can plan accordingly. If you reach by 10:30 you could do at least 2 tours.
http://www.jenolancaves.org.au/the-caves/cave-tour-timetable/regular-tour-timetable/
http://www.jenolancaves.org.au/the-caves/buy-tickets/ (You get discount if you buy 2 tours online)

Day trip to Anna bay & Nelson bay:

1. Quad Bike  (if you are young & adventurous)
2. Oakfield Ranch Camel Rides (Anna Bay)
3. Sand boarding (Anna bay)
4. Fingal spit (Nelson bay)
5. Mount Tomaree (Nelson bay)

Canberra (Day trip from Sydney)

Most of the places closes by 4 or 5 pm. So try to start early & sequence the trip so you don’t go randomly from one end to another end
First visit Mount anslie lookout or Telstra tower (To get a view from top)
Then War memorial
Then Parliament
Then Royal Australian Mint museum or Canberra Glassworks or both if you have time

Melbourne:

Melbourne has 2 main airports (Avalon & Tullamarine).
We used Bus (skybus) from Avalon airport to Southern cross (city center).
Melbourne has trams unlike Sydney (new light rail is being developed).
Need to buy Mykie cards for metro train & trams in Melbourne.

Philip Island:

Philip Island – Zoo & Penguin tour. Penguin’s return to the beach around 7 PM. However buy the tickets early or online as sometimes they run out of tickets. The Zoo is interesting with some open space with few Kangaroos, Emu, Wallabies, Koala. You can feed the animals with some food the zoo care-takers provide!

You can find chocolate factory on your way to Philip Island as well as Great ocean drive. The one on Great ocean drive is much bigger & better.

Great Ocean drive:

Best part around Melbourne was Great ocean drive (the beautiful beaches) & 12 apostles and also the Koala reserve. You should do Great ocean drive with 2 days and halting probably in Lorne. Lorne had a beautiful beach & lookout. Need to do enough planning if you want to explore around Lorne. We did a one day tour. We had a slow start due to the rain during the first half.

1. Bells beach
2. Anglesea
3. Golf club to view kangaroos
4. Teddy’s lookout
5. Kennett river Koala across the road & rain forest
6. Twelve Apostles – Awesome

Local Melbourne city tour:

Visit NGV (Art gallery)
Melbourne Eureka tower skydeck is also good to get a view of Melbourne.
Bus tour of Melbourne (not so worth it, but if you don’t have time):
St. Kilda, Brighton beach, Royal Park
Tour of Albert park which is converted to F1 track for the race every year.
Melbourne cricket stadium tour (for cricket lovers).
Walk around to find amazing Graffiti art around the city.
Gopal’s Vegetarian Restaurant, Swanston street.
Also try one of the dessert/ice cream shops in Melbourne. They have some cool flavours.

Tasmania

Most of the places closes by 4 or 5 pm. Especially shops & small eat-outs. Tasmania is a beautiful & less explored of the places. Very scenic & quiet place to relax & enjoy! Hobart & Launceston have their own charm! Very small but beautiful cities. Hobart has the beach while Launceston has Cataract Gorge!

Hobart:

Salamanca market is only open on Saturday from 8am until 3pm. We missed it.
Checkout Sandy Bay, Battery point
Mt. Wellington – don’t miss this. Pretty cold up there. Don’t forget your jackets!
Tasmanian Museum & Art gallery.

Tasman Island cruise & Port Arthur:

Did the Tasman Island cruise whose office is just before Port Arthur Visitor center.
It is a three hour wilderness cruise along the spectacular coastline between Eaglehawk Neck and Port Arthur in southern Tasmania. It has the highest vertical sea cliffs in the Southern Hemisphere at Cape Pillar. You can see the waterfalls, rock formations, archways and deep-sea caves. Also, you can see seals. If you are lucky you can see whales. You can save time by joining the their bus which takes to the actual starting point of cruise near Eaglehawk Neck. You need to call them & confirm if you want to do so.
Port Arthur visitor center – buy the evening ticket (Post 4 or 5pm) which is discounted. It is a historical site & has some few hundred year old prisons and buildings.

We traveled from Hobart to Launceston while stopping over for the night at Scamander/St. Helens area.

Freycinet National Park: This requires 2 days if you have time and traveling in leisure. This is a awesome drive that takes you through more beaches/bays on the eastern coast of Tasmania. Wineglass bay requires a hike & has a nice view. White stretches of sand include the Friendly Beaches. Honeymoon and Sleepy bays form secluded coves. Views from Cape Tourville Lighthouse stretch over the Tasman Sea.

Checkout Pyengana diary for brunch while driving from St. Helen’s to Launceston. Has some nice cheese, milk-shake, ice-cream & diary items you may wanna try!

Launceston:

Reached in the evening as we got delayed in payagna diary farm which is on a turn and no data & also unnecessary detour to northern city
Cataract gorge – half day
James bough tour (2 hours)
queen victoria museum – outdoor echo & radio waves, etc was good

Drive to Cradle Mountain-Lake St Clair National Park – involves a long walk around the lake. Has changing geography across the lake.

Driving in Australia for Indian tourists:

Need original license (with info in English) if from India. The traffic rules are the same & are strictly followed. The traffic fines are expensive but with enough preparation & precaution it should be fine.
Carry international forex card for better forex rates.
Good to drive if you have a co-driver especially if it is your first driving experience outside India. You will need a GPS device, especially in Great ocean drive, Nelson Bay & Tasmania as you won’t have mobile network available in some of the remote places. Also GPS device can help you with the speed limits applicable for the roads.
Practice lane driving, following speed limits, reading sign boards.
Pay special attention to crossing path of tram in Melbourne & light train in Sydney.
No U-turns on solid lines. No stopping on roads which doesn’t have parking zone.
Park on the left in the same direction as traffic movement in residential areas and keep enough space around turnings.
Don’t panic if you make a mistake, just halt at the nearest parking spot or on the extreme left side of the road if & only if there is space & if required.
While taking a rented car, check for indicators, windows, wipers, cruise controls if old car. Always insist for a new car.  Check for dents & scratches if it is a old car.

Jan Lokpal bill vs Govt. Lokpal bill

Govt’s Lokpal Bill Vs Jan Lokpal Bill: Comparative Chart

Rather than gunning for the corrupt and corruption, government’s Lokpal seems to be gunning for those who complain against corruption.

How will Government’s Lokpal work?

Suppose some citizen files a complaint to Lokpal against some corrupt government servant.

Before the investigations actually start, the government servant can file a cross complaint against the citizen straight to the special court, without any preliminary enquiry by any agency, that the complaint is false or frivolous. The government will provide free advocate to the government servant to file this case. The citizen will have to defend himself on his own!

Then there is stiffer punishment for the complainant than the corrupt government servant. If the Special Court concludes that the complaint is frivolous or false, the citizen faces a minimum of two years of punishment. But if the corruption charges against government servant are proved, there is a minimum of six months of punishment for the corrupt government servant!

Government’s Lokpal will have jurisdiction over all NGOs in the country but it will have jurisdiction over less then o.5% of all government employees.

Government argued that the Lokpal would get overwhelmed with too many cases if all public servants were brought under its ambit. So, government has restricted its jurisdiction only to 65,000 Group A officers. Also, state employees will not be covered by Lokpal. There are 4 million central government employees and 8 million state government employees.

In sharp contrast, all NGOs are covered under government’s Lokpal, small or big, whether in state or centre. Even unregistered groups of people in remote villages are covered under the ambit of Lokpal. So, in a remote village, if a group of youngsters detect corruption in panchayat works using RTI, the youngsters can be hauled up by Lokpal but Lokpal would not have jurisdiction over Sarpanch, BDO or their corruption.

Whereas Lokpal would not have jurisdiction over Delhi government officials, it would have jurisdiction over all RWAs in Delhi. All small neighborhood groups who raise donations to do Ramlila or Durga Puja would be under Lokpal’s scanner.

Lokpal could haul up activists from any of the farmers, labour, anti-corruption, land, tribal or any other movements. All the movements – whether registered or not, are under the jurisdiction of Lokpal.

There are 4.3 lakh registered NGOs. But there would be several million unregistered groups across the country. Lokpal would have jurisdiction over all of them.

No one can dispute the fact that corruption in NGOs needs to be addressed. But how can you leave most public servants out of Lokpal’s purview but bring NGOs upto village level within its purview?

Issue	Our view	Government’s view	Comments
Prime Minister	Lokpal should have power to investigate allegations of corruption against PM. Special safeguards provided against frivolous and mischievous complaints	PM kept out of Lokpal’s purview.	As of today, corruption by PM can be investigated under Prevention of Corruption Act. Government wants investigations to be done by CBI, which comes directly under him, rather than independent Lokpal
Judiciary	Lokpal should have powers to investigate allegation of corruption against judiciary. Special safeguards provided against frivolous and mischievous complaints	Judiciary kept out of Lokpal purview.	Government wants this to be included in Judicial Accountability Bill (JAB). Under JAB, permission to enquire against a judge will be given by a three member committee (two judges from the same court and retd Chief justice of the same court). There are many such flaws in JAB. We have no objections to judiciary being included in JAB if a strong and effective JAB were considered and it were enacted simultaneously.
MPs	Lokpal should be able to investigate allegations that any MP had taken bribe to vote or speak in Parliament.	Government has excluded this from Lokpal’s purview.	Taking bribe to vote or speak in Parliament strikes at the foundations of our democracy. Government’s refusal to bring it under Lokpal scrutiny virtually gives a license to MPs to take bribes with impunity.
Grievance redressal	Violation of citizen’s charter (if an officer does not do a citizen’s work in prescribed time) by an officer should be penalized and should be deemed to be corruption.	No penalties proposed. So, this will remain only on paper.	Government had agreed to our demand in the Joint committee meeting on 23rd May. It is unfortunate they have gone back on this decision.
CBI	Anti-corruption branch of CBI should be merged into Lokpal.	Government wants to retain its hold over CBI.	CBI is misused by governments. Recently, govt has taken CBI out of RTI, thus further increasing the scope for corruption in CBI. CBI will remain corrupt till it remains under government’s control
Selection of Lokpal members	1. Broad based selection committee with 2 politicians, four judges and two independent constitutional authorities.	1. With five out of ten members from ruling establishment and six politicians in selection committee, government has	Government’s proposal ensures that the government will be able to appoint its own people as Lokpal members and Chairperson. Interestingly, they had agreed to the selection committee

	2. An independent search committee consisting of retd constitutional authorities to prepare first list. 3. A detailed transparent and participatory selection process.	ensured that only weak, dishonest and pliable people would be selected. 2. Search committee to be selected by selection committee, thus making them a pawn of selection committee 3. No selection process provided. It will completely depend on selection committee	proposed by us in the meeting held on 7th May. There was also a broad consensus on selection process. However, there was a disagreement on composition of search committee. We are surprised that they have gone back on the decision.
Who will Lokpal be accountable to?	To the people. A citizen can make a complaint to Supreme Court and seek removal.	To the Government. Only government can seek removal of Lokpal	With selection and removal of Lokpal in government’s control, it would virtually be a puppet in government’s hands, against whose seniormost functionaries it is supposed to investigate, thus causing serious conflict of interest.
Integrity of Lokpal staff	Complaint against Lokpal staff will be heard by an independent authority	Lokpal itself will investigate complaints against its own staff, thus creating serious conflicts of interest	Government’s proposal creates a Lokpal, which is accountable either to itself or to the government. We have suggested giving these controls in the hands of the citizens.
Method of enquiry	Method would be the same as provided in CrPC like in any other criminal case. After preliminary enquiry, an FIR will be registered. After investigations, case will be presented before a court, where the trial will take place	CrPC being amended. Special protection being provided to the accused. After preliminary enquiry, all evidence will be provided to the accused and he shall be heard as to why an FIR should not be regd against him. After completion of investigations, again all evidence will be provided to him and he will be given a hearing to explain why a case should not be filed against him in the court. During investigations, if	Investigation process provided by the government would severely compromise all investigations. If evidence were made available to the accused at various stages of investigations, in addition to compromising the investigations, it would also reveal the identity of whistleblowers thus compromising their security. Such a process is unheard of in criminal jurisprudence anywhere in the world. Such process would kill almost every case.

		investigations are to be started against any new persons, they would also be presented with all evidence against them and heard.
Lower bureaucracy	All those defined as public servants in Prevention of Corruption Act would be covered. This includes lower bureaucracy.	Only Group A officers will be covered.	One fails to understand government’s stiff resistance against bringing lower bureaucracy under Lokpal’s ambit. This appears to be an excuse to retain control over CBI because if all public servants are brought under Lokpal’s jurisdiction, government would have no excuse to keep CBI.
Lokayukta	The same bill should provide for Lokpal at centre and Lokayuktas in states	Only Lokpal at the centre would be created through this Bill.	According to Mr Pranab Mukherjee, some of the CMs have objected to providing Lokayuktas through the same Bill. He was reminded that state Information Commissions were also set up under RTI Act through one Act only.
Whistleblower protection	Lokpal will be required to provide protection to whistleblowers, witnesses and victims of corruption	No mention in this law.	According to govt, protection for whistleblowers is being provided through a separate law. But that law is so bad that it has been badly trashed by standing committee of Parliament last month. The committee was headed by Ms Jayanthi Natrajan. In the Jt committee meeting held on 23rd May, it was agreed that Lokpal would be given the duty of providing protection to whistleblowers under the other law and that law would also be discussed and improved in joint committee only. However, it did not happen.
Special benches in HC	High Courts will set up special benches to hear appeals in corruption cases to fast track them	No such provision.	One study shows that it takes 25 years at appellate stage in corruption cases. This ought to be addressed.
CrPC	On the basis of past experience on why anti-corruption cases take a long time in courts and	Not included

	why do our agencies lose them, some amendments to CrPC have been suggested to prevent frequent stay orders.
Dismissal of corrupt government servant	After completion of investigations, in addition to filing a case in a court for prosecution, a bench of Lokpal will hold open hearings and decide whether to remove the government servant from job.	The minister will decide whether to remove a corrupt officer or not. Often, they are beneficiaries of corruption, especially when senior officer are involved. Experience shows that rather than removing corrupt people, ministers have rewarded them.	Power of removing corrupt people from jobs should be given to independent Lokpal rather than this being decided by the minister in the same department.
Punishment for corruption	1. Maximum punishment is ten years 2. Higher punishment if rank of accused is higher 3. Higher fines if accused are business entities 4. If successfully convicted, a business entity should be blacklisted from future contracts.	None of these accepted. Only maximum punishment raised to 10 years.
Financial independence	Lokpal 11 members collectively will decide how much budget do they need	Finance ministry will decide the quantum of budget	This seriously compromises with the financial independence of Lokpal
Prevent further loss	Lokpal will have a duty to take steps to prevent corruption in any ongoing activity, if brought to his notice. If need be, Lokpal will obtain orders from High Court.	No such duties and powers of Lokpal	2G is believed to have come to knowledge while the process was going on. Shouldn’t some agency have a duty to take steps to stop further corruption rather than just punish people later?
Tap phones	Lokpal bench will grant permission to do so	Home Secretary would grant permission.	Home Secretary is under the control of precisely those who would be under scanner. It would kill investigations.
Delegation of powers	Lokpal members will only hear cases against senior officers and	All work will be done by 11 members of Lokpal. Practically no	This is a sure way to kill Lokpal. The members will not be able to handle all cases. Within no time,

	politicians or cases involving huge amounts. Rest of the work will be done by officers working under Lokpal	delegation.	they would be overwhelmed.
NGOs	Only government funded NGOs covered	All NGOs, big or small, are covered.	A method to arm twist NGOs
False, Frivolous and vexatious complaints	No imprisonment. Only fines on complainants. Lokpal would decide whether a complaint is frivolous or vexatious or false.	Two to five years of imprisonment and fine. The accused can file complaint against complainant in a court. Interestingly, prosecutor and all expenses of this case will be provided by the government to the accused. The complainant will also have to pay a compensation to the accused.	This will give a handle to every accused to browbeat complainants. Often corrupt people are rich. They will file cases against complainants and no one will dare file any complaint. Interestingly, minimum punishment for corruption is six months but for filing false complaint is two years.