Apara nostradamus Sarumankabap ka warning... USDINR will reach 200

[Sarumankabap]

There is 2008 like financial crisis waiting to happen in india. Only difference is this time there will be no bailout. With Modi demo, and ILFS and DHFL collapse, current govt. is trying to steal public money by asking RBI to fork out reservers.

All NRIs are jokers at the end, investing in India. In 2008 USDINR was 40. Those who invested in india during that time essentially lost half of their money.  Same thing will happen again. This chaiwala and bhenji FM will ruin india. All these financial terrorists are just moving assets out of india by over invoicing imports and no one raises questions except few. While honest enterpreuners like vg sidhartha and honest NRIs remitting money are taken for ride. 

 

- SarumanKaBap.

 

 

 

 

 

Raiding the reserves of central bank only shows ‘desperation’ of a govt: Subbarao

Our Bureau

Former RBI Governor Duvvuri Subbarao on Friday said that any government trying to “raid” the balance sheet of a central bank can be seen as a desperate move. 

“A government trying to raid the balance sheet of a central bank anywhere in the world is not a good thing. It shows that the government is desperate. We have to be very careful, very wary of what decision is ultimately taken on the transfer of the surplus reserves,” Subbarao said at the CFA Society India 4th India Wealth Management Conference. 

The statement assumes significance in the light of a committee set up under former RBI governor Bimal Jalan on how much reserves from the central bank can be transferred to the Centre. Jalan is scheduled to submit his report soon.

Sovereign bond

On the issue of sovereign overseas bond, Subbarao said the government could test the waters one time as a short-term measure. 

Speaking at the event Uday Kotak, Managing Director and CEO of Kotak Mahindra Bank, expressed concern over levy on risk capital wherein 60 per cent of one’s income goes to exchequer. “I frankly believe that we need to relook at the whole taxation system for risk capital,” Kotak said “Risk capital is taxed at close to 60 per cent. That’s an extremely high rate,” he added. 

He also expressed his views on the economic slowdown, “India was close to 40 per cent of world’s GDP, when America was not even discovered, from a peak of 40 per cent we are down to 4-5 per cent,” he said. 

He also spoke about the need of transformation in the country’s infrastructure, agriculture and digital aspect adding that it was not all gloomy. 

“The present time is the darkness before the dawn and the lack of investment will get addressed within a year,” Kotak said. 

Kotak also raised questions over the functioning of rating agencies and blamed housing finance companies and NBFCs for mismanaging operations that led to asset liability mismatches. Talking specifically about the slump in the auto sector, Kotak urged the Centre to give a stimulus package to bring the sector back to growth.

[AntheKada]

Inshalla har har modi 

[jpismahatma]

Insha allah suban allah... 

jai cbn

jai modi..

[Paidithalli]

4 minutes ago, AntheKada said:

Inshalla har har modi 

Anthe kadha 

[kevinUsa]

recession  is round the corner in India

rising realestate prices 

ease of credit to boost economy credit good for economy but boosting  economy just by easing credit without any job creation is useless

we all know how many of our friends and family are employed ,look at all your friends who graduated in last 7 years .

 u can still find a lot of them being unemployed. this shows the  how screwed the economy is.

 southern states have better employment prospects comapared to northern states. apart from few sectors the growth in other sectors is  stalled.

realestate is just run shadow economy to make  a quick profit.

small farms are dying in India due to lack of labor and idiotic freebes given by the govt.

 what govt want is cheap  food they never care for farmers

debt by  local companies

JIO has a debt of 40bn$$

around  3l cr who will pay for it.

 we are not US  to  to turn a blank paper into $$