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  

View all 9 comments Below 9 comments
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  
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  
I apologize for using the word 'Gunde'. more  
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  
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  
Post a Comment

Related Posts

    • HAS PAKISTAN’S FUTURE BECOME QUESTION MARK ?

      The most serious problem faced by Pakistan today is due to the state of it’s economy, which appear to have become beyond redemption due to accumulated issues caused by mis governance and high...

      By N.S. Venkataraman
      /
    • WILL HOWDY MODI SERVE ANY PURPOSE ?

      Howdy Modi in Houston gets huge publicity in India. But, it is doubtful whether American media would give it similar importance. President Trump is going out of the way to keep Mr. Modi in good hum...

      By N.S. Venkataraman
      /
    • Article 370 eliminated

      Congratulations to Modi Government. 1st bold decision. Do work on the economy though...

      By Sheetal Jain
      /
    • RTI amendment

      Please find attached and fight the misinformation campaign.

      By Rajesh Suri
      /
    • Is it time for yet another demonetisation ?

      In 2016,when Prime Minister Narendra Modi demonetised high value currency notes of Rs. 1000 and Rs. 500, it shocked the nation as all the country men were caught unaware of. Mr. Modi explained that...

      By N.S. Venkataraman
      /
    • Will the $5 trillion economy be possible for India by 2024 ?

      After receiving massive mandate in recent parliament election and getting second term as Prime Minister of India, Mr. Narendra Modi with his characteristic courage of conviction and confidence and...

      By N.S. Venkataraman
      /
    • Congress politicians may cross over to BJP

      candidates whose name I am hearing in Delhi Jyotiraditya Scindia Shashi Tharoor Milind Deora If anyone knows more, share.

      By Rajesh Suri
      /
    • Invitation for Swearing in Ceremony

      Modi ji gave attached invites to all VIPs, party workers, kins of party workers deceased in west bengal. For the next big event half the invites should be reserved for common citizens (s...

      By Rajesh Suri
      /
    • 1984 vs 2019

      Blue turns Orange. If Modi Govt does good work and Congress/3rd fromt rebuilds itself, one can assume it will take 35 years for Orange to turn Blue/Diff colour again

      By Rajesh Suri
      /
    • Muslims Support Modi as much

      Just watch people watch. Amazing Mandate!!!!

      By Rajesh Suri
      /
    • Media people must never go this low

      Unless they are desperately looking for a ticket

      By Rajesh Suri
      /
Share To
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)