Posted on Wednesday, October 10, 2012 - 04:28 am:

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Dada:

So - all this is a mafia - CBN, Venkayya Naidu etc etc hugely benefitted from this scheme along with YSR.

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Posted on Wednesday, October 10, 2012 - 04:03 am:

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Saint:

loan maaf

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Posted on Wednesday, October 10, 2012 - 03:27 am:

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Python:

she will die andi .. she will die antey ..

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Posted on Wednesday, October 10, 2012 - 03:18 am:

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Tilak:

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Posted on Wednesday, October 10, 2012 - 03:14 am:

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quote:

MUMBAI: Ratings agency Standard & Poor's warned on Wednesday about a significant chance of downgrading India's credit rating, reiterating its June stance if growth prospects and external position worsen, or fiscal reforms slow.

However, there is a possibility of India's outlook being revised back to stable if the government goes ahead with steps to reduce structural fiscal deficits, improve the investment climate, and increase growth prospects, it said in a statement.

Ratings agencies Standard & Poor's and Fitch have put India's sovereign credit rating on the watch citing poor economic fundamentals, high fiscal and current account deficits and lack of action from the government.

A downgrade would take India's rating to below investment grade, which may force many investors to sell Indian securities or stop incremental investments, depressing capital flows and raising cost of borrowing for the local companies.

India currently enjoys a rating grade of BBB- from S&P, in line with countries such as Croatia and Latvia and below Spain, Italy and even Thailand.

Last week, however, Fitch had acknowledged that the recent slew of measures announced by the government, including FDI in multi-brand retail and diesel price hike, will support India's medium to long-term growth prospects. Andrew Colquhoun, Head of Asia Pacific Sovereign Ratings at Fitch said that the measures will be a positive factor from a sovereign credit worthiness perspective for India.

On the other hand, Moody's Investors Service expects India's fiscal deficit to exceed 5.1% level this year despite the recent moves by the government to rein in deficit.

On Monday, India suffered its worst growth projection in recent years, with the International Monetary Fund ( IMF) slashing its forecast for 2012 to 4.9% from 6.2% in July and blaming it mainly on domestic structural sluggishness amid a worsening global economy.

The global lender described India's scenario as "unusually uncertain" even as it took note of the recent burst of reforms, including the liberalisation of foreign direct investment norms and paring of fuel subsidy, while pegging India's growth in 2013 at 6%.

It referred to the rising concerns over governance in India and called for greater efforts by the government to fast-track projects and curtail subsidy to rein in the fiscal imbalance.

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Posted on Wednesday, October 10, 2012 - 01:33 am:

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quote:

NEW DELHI: Nearly Rs 1,800 crore has been spent by the UPA government for protecting three members of the Gandhi family, Prime Minister Manmohan Singh and former PM Atal Bihari Vajpayee, since 2004.

The government has spent this much money on the elite Special Protection Group (SPG), which guards these five VVIPs. What is notable is that the money spent on the SPG for giving security to these five VVIP persons has gone up four times under the UPA rule.

Only Rs 97 crore were spent on the SPG in 2004-05, the year UPA came to power. However, the government spent 386 crore on the SPG in the last financial year and has budgeted an expenditure of Rs 351 crore for SPG in the ongoing financial year - the actual expenditure may well be higher at the end of 2012-13, a home ministry source said.

While the total expenditure on SPG is available, the government has not provided the cost of protecting each of the protectees. A home ministry official told ET that the same cannot be specified as various SPG wings like technical, training communication, motor transport, workshop and administration are common for all protectees.

The expense has ballooned over the last decade though the number of its protectees have virtually halved. Till 1999, when NDA came to power, SPG protected then PM Atal Bihari Vajpayee, former prime ministers Chandrashekhar, PV Narasimha Rao, HD Deve Gowda, VP Singh, IK Gujral and the Gandhi family - Sonia Gandhi, Rahul Gandhi and Priyanka Vadra.

The expenditure on SPG in 1999-2000 was just Rs 75 crore. VP Singh was the first to request for his SPG cover to be withdrawn - SPG had provided VP Singh and PV Narsimha Rao security cover even when they were on a foreign trip for medical treatment.

Subsequently, SPG cover was also withdrawn in the next couple of years from Deve Gowda and IK Gujral while Chandrashekhar and Narasimha Rao passed away. The children of all these former PM's also enjoy no SPG security cover now.

Sonia Gandhi, Rahul and Priyanka continue to enjoy SPG security cover and a security threat assessment is done every year. "There exists a threat of grave and continuing nature on them from militant organisations," an official said.

SPG mandate is to provide security to PMs, former PMs and members of their immediate family. So why is the government spending so much on the 3,500-member SPG force, which draws specialised commandoes from paramilitary forces? Home ministry official say a major expenditure is being incurred on getting modern weapons and ammunition from abroad given the grave threat posed by terrorists to protectees.

"Earlier, the highest degree of weapons SPG had were MP3, MP5 Sub-Machine Guns and Glock Pistols from abroad. But since last year, SPG has procured ultra-modern FN Herstal assault rifles and pistols besides world-class ballistic protection gear and hi-tech communication gear," a senior MHA official said.

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Posted on Tuesday, October 09, 2012 - 02:46 pm:

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Python:

ee numbers yada ninsi pattuku vostharo aa perumalla ke eruka ... villages lo kaulu cheskune farmers antha gittupatu leka roju coolies ga construction and manufacturing ki ellipotha unte ... 50% own ga cheskuntara??

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Posted on Tuesday, October 09, 2012 - 02:44 pm:

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Saint:

maa babai vallaki 25 acres land vundi....inko 25 koulu ki teesukuni chestharu..metta raithulu..vasthe oka year l0 30-50L prifit vasthadi..pothe 15L nastam vasthadi...unlike magani..magani lo loss vachina / labham vachina per acre 3-4k anthe...

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Posted on Tuesday, October 09, 2012 - 02:40 pm:

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Saint:

50% own gaa polam chesukuntaru..

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Posted on Tuesday, October 09, 2012 - 02:35 pm:

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Python:

polam kaulu ki teeskuni .. naru posi .. neeru petti .. kotha kosi ..kuppa nurche time ki .. vanochi, varadochi, tufaan vochi ..panta kottukpothe ..

raithu notlo matti ... land owner ki loan maafi ...
srama jeevi ki kanneelu ... booswami ki paneeru ...

em septharu saami asala ... in upscale districts, 1 acre unna ee booswami aina .. rich kinde lekka ee rojullo with land ratings boomming ...

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Posted on Tuesday, October 09, 2012 - 02:31 pm:

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Tilak:

chinna raithulu mostly personal loans teesukuntaru oollo shavukaar daggara .. vaallaki use ledu ..

so to begin with the scheme was a scam ..

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Indiarocks:

An overwhelming majority of farmers are outside the institutional framework and borrow from private moneylenders. The waiver is also iniquitous in that it rewards only defaulters and lets down borrowers who have repaid their loans.

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Posted on Tuesday, October 09, 2012 - 02:31 pm:

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Saint:

but real farmers ante ee polam lekunda koulu teesukuni chesukune vallu...vallaki loans vundavu..only for owners vuntayi...so in a way....this is somewhat correct....

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Posted on Tuesday, October 09, 2012 - 02:26 pm:

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Tilak:

kaadu ani CAG cheptondi .. nenu kuda nammutunna ..

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Tilak:

asalu banks loans iche loans lo pedda raithule ekkuva untaru .. kaani loan waiver was for chinna raithulu .. chinna raithulu mostly personal loans teesukuntaru oollo shavukaar daggara .. vaallaki use ledu ..

so to begin with the scheme was a scam ..

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Posted on Tuesday, October 09, 2012 - 02:17 pm:

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Indiarocks:

JP reacting to the 2008-2009 budget when the scheme was proposed

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Python:

system ni design sese party kavali annadhi bottomline .. oka JP .. oka Kejriwal .. lanti thinking ni implementing seyyala ani ...

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Posted on Tuesday, October 09, 2012 - 02:14 pm:

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quote:

Lok Satta Party points out that bank loan waiver for small and marginal farmers and one-time settlement for other farmers will provide only temporal relief to a small section of farmers. An overwhelming majority of farmers are outside the institutional framework and borrow from private moneylenders. The waiver is also iniquitous in that it rewards only defaulters and lets down borrowers who have repaid their loans.

Reacting to the Union budget 2008-09, Lok Satta Party President, Dr. Jayaprakash Narayan recalled that farmers continue to commit suicide although Governments have written off farmers’ loans off and on. Instead, the Government could have constituted a Rs.100,000 crore agricultural fund to resolve farmers’ problems once and for all by taking steps for increasing productivity and ensuring remunerative prices.

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Posted on Tuesday, October 09, 2012 - 02:04 pm:

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Tilak:

4) Why did not the democracy chest thumpers - like Lok Satta and India against Corruption - raise their voice and go to courts and stop this unfair means to buy votes?

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Posted on Tuesday, October 09, 2012 - 01:57 pm:

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Saint:

irrespective of the party...all of them got benefitted...

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Saint:

but needed farmers ante..loans evadiki ekkuva vuntayi? pedda raithu ki....chinna raithu ki maha ithe 20k range lo vuntayi loans...ade 50 acres vunna aasami ki 5-10lks range lo vuntayi...kontha mandi aa loan teesukuni voorlalo vaddiki thippukuntaru....and aa loan maafi valla .they got benefitted hugely....

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Posted on Tuesday, October 09, 2012 - 01:43 pm:

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Tilak:

) Support needed farmers ki, money ivvakunda, politically influential and Congress-inclined farmers ki (means local Cong leaders ki) 54,000 crores govt money (tax payer money) panchesi votes konukkunnaru

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Posted on Tuesday, October 09, 2012 - 05:43 am:

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Python:

tilagam .. neeki maddena pethi daniki kopam vasthundhi .. ittayithe kastam ..

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Posted on Tuesday, October 09, 2012 - 05:21 am:

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Tilak:

ok thanks .. sare .. aithe ee thed delete sesey .. JP pans ee topic meeda thed esinappudu disco seddaam ..

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Posted on Tuesday, October 09, 2012 - 05:07 am:

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Python:

system ni bagu sese party kakunda .. system ni design sese party kavali annadhi bottomline .. oka JP .. oka Kejriwal .. lanti thinking ni implementing seyyala ani ...

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Posted on Tuesday, October 09, 2012 - 05:02 am:

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Tilak:

idena bottomline? gotcha ..

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Posted on Tuesday, October 09, 2012 - 04:59 am:

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Python:

no one can solve these prbs, irrsp of who is in govt .. it needs some system design .. period ..

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Posted on Tuesday, October 09, 2012 - 04:06 am:

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quote:

NEW DELHI: The Comptroller and Auditor General (CAG) has pointed out serious flaws in the implementation of the over Rs 52,000 crore farm debt-waiver scheme in a finding that can annoy the UPA government besides raising doubts whether it can continue to reap political dividends from the populist programme which turned out to be the gamechanger for the ruling coalition in the 2009 Lok Sabha polls.

In a draft inspection report sent to the finance ministry seeking its comments, the federal auditor has pointed out that beneficiaries of the scheme were selected at random and were concentrated in certain pockets, while those who really deserved the relief were inexplicably left out.

Sources said the final report is likely to be completed by end-October, and the auditor has planned to table the final report in the winter session of Parliament.

The audit into the debt waiver has been a mega exercise, with the CAG taking RBI's help to look into the books of accounts of government banks, regional rural banks and the cooperative banks that had disbursed the relief. The auditor has carried out field visits to corroborate its findings with sample surveys.

Sources said the draft report has pointed out major deficiencies in identifying beneficiaries, expressing the fear that "undeserving farmers" may have cornered the bulk of the waiver at the cost of the deserving beneficiaries belonging to the "small and marginal" category.

The findings are contrary to the government's repeated claims in Parliament that benefits accrued only to the eligible.

Debts of more than 3.7 crore farmers were written off by the government under this scheme that brought windfall gains to the Congress. Andhra Pradesh, which accounted for around Rs 11,000 crore of the total disbursal, elected 33 Congress MPs to the Lok Sabha. Uttar Pradesh and Maharashtra, where the scheme was also implemented, too, rewarded the party handsomely. The three states together elected 69 of the 207 MPs elected to Lok Sabha on Congress ticket.

Announced just ahead of the 2009 parliamentary polls, the scheme wrote off the loan liabilities of "eligible" farmers pending till then.

In response to a Parliament question earlier, the finance ministry had stated that Andhra extended the maximum waiver of more than Rs 11,000 crore with about 80 lakh farmers benefiting, followed by UP — Rs 10,000 crore to at least 54 lakh farmers — and Maharashtra disbursed Rs 9,000 crore to over 42 lakh farm hands.

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