| Author | Message | ||
     Hillsboro Junior Artist Username: Hillsboro Post Number: 77 Registered: 06-2014 Posted From: 50.188.168.134 Rating: N/A |
Good summary- India has become plutocratic country: Stupid copied constitution and junk Laws will allow super rich to keep absorbing all the fruits of india's productivity. RBI governor should be the PM of the country he seems to make lot more sense then everybody else. | ||
| Royyala_nayudu Side Hero Username: Royyala_nayudu Post Number: 2945 Registered: 04-2014 Posted From: 205.144.127.200 Rating: N/A |
Mana State MP's debt restructuring ayithe Kavuri, Subbirami Reddy, Lagadapati, Sujana, almost big shots antha vuntaru | ||
| Ipc302 Moderator Username: Ipc302 Post Number: 20313 Registered: 02-2008 Rating: N/A |
antaniki emundhi enanna septharu ...ek baar phas gaya tho zindagi bar wo paisa waapas nahi aayega..1bn kakapothe pavala billion anukondi... | ||
| Simhapuri_kurrodu Hero Username: Simhapuri_kurrodu Post Number: 15071 Registered: 07-2008 Posted From: 205.157.110.11 Rating: N/A |
issue 1 bil kaadu bro. coal global ga collapsed, pette kharchula ki vaddi kooda raadu ammithe | ||
| Saint Legend Username: Saint Post Number: 42747 Registered: 01-2011 Posted From: 12.22.163.132 Rating: N/A |
mundu itchinavi appudu kooda alane annaru...mee party funding ki main source kabatti meeku issue anipinchaka povachu.... on what basis, tax payers money tho nadiche SBI can loan 1bn USD to some govt thothu? | ||
| Bangarappa Comedian Username: Bangarappa Post Number: 1143 Registered: 08-2014 Posted From: 107.133.164.31 Rating: N/A |
game lo skin lekapothe ittagey jarigidi mari M.B.F.4.L | ||
| Rajusk Legend Username: Rajusk Post Number: 34492 Registered: 02-2008 Posted From: 170.74.56.81 Rating: N/A |
1 Billion Line of Credit ..over few years of period.but every loan with in that..will be evaluated and given annaru kada.. janalu mari..1 billion basthalalo moota katti ..train lo ekkinchar type lo disco sesthunnar | ||
| Pipeline Hero Username: Pipeline Post Number: 12821 Registered: 05-2009 Posted From: 161.141.1.1 Rating: N/A |
He is 100% correct | ||
| Ipc302 Moderator Username: Ipc302 Post Number: 20312 Registered: 02-2008 Rating: N/A |
mundu ee adani sangathi seppandi...mana SBI vallu 1 Bn dollaran isthamu anesariki market lo gola gola jarigindhi...his debt ratios etc etc kooda bad antunnaru...biting more than you can eat and then choke (SA cricket team TM).... | ||
| Rajusk Legend Username: Rajusk Post Number: 34491 Registered: 02-2008 Posted From: 170.74.56.81 Rating: N/A |
Subbi..GVK nunchi em vasthadi boodida..funding Ambani Adani undaga Modi vunkul ki...ee tutumbar gaallu enduku..happy gaa andarni ..Tihar ki sendochu ..kiki | ||
| Rajusk Legend Username: Rajusk Post Number: 34490 Registered: 02-2008 Posted From: 170.74.56.81 Rating: N/A |
peddayana seppindi kooda ade kada | ||
| Ipc302 Moderator Username: Ipc302 Post Number: 20311 Registered: 02-2008 Rating: N/A |
endhi responding ayyedhi...ittanti binami industrialists nunche paisal vasthayi for contesting elections...konchem kastame banks , PSU, navratnas ivanni total ga govt kabza nundi bayataki raavale...manaollaki mai baap culture baaga alavatu...kings queens type lo pejalaki oka train oka job istha untaru ...central govt inka airlines, railways nadipedhi endhi boxxa laaga...pvtize chesthe set avuthundhi... | ||
| Sachin Legend Username: Sachin Post Number: 38097 Registered: 04-2008 Posted From: 208.78.147.194 Rating: N/A |
eee naaa kondes..education loan ki 100 questions and docs pettukuntaru surity ki..big shots ela thappinchukuntaru | ||
| Rajusk Legend Username: Rajusk Post Number: 34489 Registered: 02-2008 Posted From: 170.74.56.81 Rating: N/A |
vethikithe defaulters andarki edo oka hole untadi... govt whistle esthe entha sepu.. RBI Governor intha public gaa boothulu thittadu ante..hopefully Govt will respond.. | ||
| Ipc302 Moderator Username: Ipc302 Post Number: 20310 Registered: 02-2008 Rating: N/A |
ee case lo baaga dincharu SC vallu..NY lo evo hotels ammesi nattu unnaru bail kosam...inka baaga dinchuthunnaru vijay mallya gaadiki...donga na saale gaadu F1, IPL teams , bikini calenders ki paisal untayi kaani airlines employees ki dabbul ivvaledhu...wilful defaulter list lo ettaru na kodukuni | ||
| Rbabu Side Hero Username: Rbabu Post Number: 3125 Registered: 09-2013 Posted From: 149.168.240.7 Rating: N/A |
privatize all banks | ||
| Ipc302 Moderator Username: Ipc302 Post Number: 20309 Registered: 02-2008 Rating: N/A |
rayapati inka chalane unnaru...some run into 10s of crores others 100s anthe....free ga dabbul dobbtam tappinchi eti ledhu ee companies ki...power, influence lekapothe enduku paniki raaru mana daggara unna chala mandhi indutrialists....share holders undaru, middle class ki investment undadhu, contracts meedha contracts nokkatam sub contracts icchesi hands up ani barlu, publu vempata tiragatam | ||
| Rajusk Legend Username: Rajusk Post Number: 34488 Registered: 02-2008 Posted From: 170.74.56.81 Rating: N/A |
defaulters andarni Sahara vunkul ni tosinattu Tihar lo petti liquidate seyyinchali..appudu set avuthar.. | ||
| Rajusk Legend Username: Rajusk Post Number: 34485 Registered: 02-2008 Posted From: 170.74.56.81 Rating: N/A |
Subbi, GVK, Sujana,Lanco mana tarafu nunchi contribution anukonta..not sure if I am missing anyone | ||
| Ipc302 Moderator Username: Ipc302 Post Number: 20308 Registered: 02-2008 Rating: N/A |
Here are 10 big takeaways from his speech: 1) In India, promoters have a class of "super" equity which retains all the upside in good times and very little of the downside in bad times, while creditors, typically public sector banks, hold "junior" debt and get none of the fat returns in good times while absorbing much of the losses in bad times. 2) This happens because the system protects the large borrower and his divine right to stay in control. In cases of defaults, the large borrower can command the finest legal brains or has the influence to obtain stays from local courts. Faced with this asymmetry of power, banks are tempted to cave in and take the unfair deal the borrower offers. 3) In 2013-14, the amount recovered from cases decided under Debt Recovery Tribunals was Rs. 30,590 crore, which is just 13 per cent of the outstanding value of debt sought to be recovered at Rs. 2,36,600 crore. 4) The promoter enjoys riskless capitalism - even in these times of very slow growth, how many large promoters have lost their homes or have had to curb their lifestyles despite offering personal guarantees to lenders? 5) Taxpayers pay for this one way bet large promoters enjoy. The total write-offs of loans made by the banks in the last five years is Rs 1,61,018 crore, which is 1.27 per cent of GDP. This money would have allowed 1.5 million of the poorest children to get a full university degree from the top private universities in the country, all expenses paid. 6) The promoter who misuses the system ensures that banks then charge a premium for business loans. The average interest rate on loans to the power sector today is 13.7 per cent even while the policy rate is 8 per cent. 7) Since the unscrupulous promoter hides among the scrupulous ones, every businessperson is tainted by the bad eggs in the basket. Even good power sector firms are paying much more than the average household because of bank worries about whether they will recover loans. 8) Draconian laws to force payment impact the small entrepreneur who does not have the wherewithal to hire expensive lawyers or move the courts. The small entrepreneur's assets are repossessed quickly and sold, extinguishing many a promising business that could do with a little support from bankers. 9) When some businessmen enjoy a privileged existence, risking other people's money but never their own, the public and their representatives get angry. If the resolution of these issues is taken out of the realm of the commercial into the realm of the political, it will set back industrial growth. Reforms therefore assume urgency. 10) The solution is not more draconian laws, but a more timely and fair application of current laws. We also need new institutions such as bankruptcy courts and turn-around agents. Finally, we need a change in mind set, where the wilful or non-cooperative defaulter is not lionized as a captain of industry, but justly chastised as a freeloader on the hardworking people of this country. | ||
| Ipc302 Moderator Username: Ipc302 Post Number: 20307 Registered: 02-2008 Rating: N/A |
baagane unaru MPs ee list lo...andaru crony capitalism sesi power plants , construction companies ettestharu...banks emo loans icchio...cut sesthe pejalaki chippa chethilo untaadhi....mana desam lo economy enduk improve avvatledhu ante induke... | ||
| Simhapuri_kurrodu Hero Username: Simhapuri_kurrodu Post Number: 15063 Registered: 07-2008 Posted From: 205.157.110.11 Rating: N/A |
i guess so. banks daaka enduku, okapudu telephone bill defaulters di telephone directory antha size book vundedi. mla and mp in the first pages | ||
| Rajusk Legend Username: Rajusk Post Number: 34484 Registered: 02-2008 Posted From: 170.74.56.81 Rating: N/A |
ee corporate dongala list ekkada dorukuthundi that should also be publicly available right ?? Sahara group chairman, Vijay Mallya and some more MPs untar anukonta ee list lo.. | ||
| Saarang Side Hero Username: Saarang Post Number: 7519 Registered: 06-2012 Posted From: 206.29.176.51 Rating: N/A |
http://profit.ndtv.com/news/economy/article-rajan-blasts-uns crupulous-promoters-says-taxpayers-pay-for-riskless-capitali sm-704151?pfrom=home-lateststories Reserve Bank Governor Raghuram Rajan has come down heavily on large defaulters for continuously eroding the "sanctity of the debt contract" in the country. When the large promoter defaults willfully or does not cooperate in repayment to the public sector bank, he robs each one of us taxpayers, even while making it costlier to fund the new investment our economy needs, Dr Rajan said at the Dr Verghese Kurien Lecture in Anand on Tuesday. More details in link above. |
