Call all the warriors (Gunde) who attacked AAP Delhi Govt. over 242 Cr subsidy.
Burden on exchequer - 60000 Crore due to waiving off Loans
HYDERABAD: In what is being billed as the single biggest populist measure initiated by any state government in the country, Andhra Pradesh CM-elect Chandrababu Naidu is all set to waive off a staggering Rs 54,000 crore that was taken by farmers as loans from various banks. The total burden on the exchequer for implementing the loan waiver farmers including self-help group loans was pegged at Rs 54,000 crore. If loans taken by mortgaging gold armaments are also included, it would cross Rs 60,000 crore. However, the state level bankers committee made it clear to Naidu that waiver on gold loans is not possible. more
HYDERABAD: In what is being billed as the single biggest populist measure initiated by any state government in the country, Andhra Pradesh CM-elect Chandrababu Naidu is all set to waive off a staggering Rs 54,000 crore that was taken by farmers as loans from various banks. The total burden on the exchequer for implementing the loan waiver farmers including self-help group loans was pegged at Rs 54,000 crore. If loans taken by mortgaging gold armaments are also included, it would cross Rs 60,000 crore. However, the state level bankers committee made it clear to Naidu that waiver on gold loans is not possible. more
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To All, the amount is not just all genuine loan of poor farmers being waived off. The plan of TDP cheif is to redirect the money to his pocket by adding forged loans. Good play to fool public. more
Jun 06
Waiving off loans to farmers who may have suffered and were not able to repay, has twin objective. One, the farmer benefits financially as well as getting enabled to secure future loans from banks to pursue his farming activity. Secondly, it helps the public sector banks in reducing the NPAs which in many cases would have had to be written off bringing down profitability/ incurring a loss. Effectively a good part of this investment in waiving off loans in such cases, comes back to the exchequer in the form of reducing the loss and recovery of tax on profits of the bank. While I understand your objection to AAP's proposed waiver criticism, each such case should be judged on the merits of the specific case. AAP was justified for its action of waiver and was unjustly criticized by opposition parties. more
Jun 06
Saying something in the air and implementing the same are entirely different. There is no comparison between Chandrababu Naidu and Kejriwal . If one has the command and power to say and implement something other always prefer to reprimand others. more
Jun 06
Not using bad words and not calling them with a cheap addressing could be a nice gesture. Please suggest by what precious addressing, we can save this wastage. It seems banks wanted to clean their balance sheets in the name of loan waiver by including all loans into crop loan category. The loan waiver in 2008 came to only Rs 9,000 crore to the state. In four years, how can the same amount rise five times? You will welcome all this fraud act by NCBN (TDP) naming it as a help to poor. Come on! don't fool the nation. TDP chief is now looking towards the Centre to help him raise more money from the market. Looking at issuing security bonds to banks against the loan amount. These bonds will enjoy state government guarantee. For this he will need the Centre's permission so that the debt raising capacity of the state is revised to a higher level. Chor chor mausere bhai. more
Jun 06
