India debt more than doubled in 8 years

[JackSeal]

On 2/1/2023 at 1:03 PM, pakeer_saab said:

before Modi GDP per capital was 1550 which is now at $2200 which is 40% jump in 8 years

second, Modi heavily spent on infrastructure which is considered as an asset, debt is as long as assets are created.

 pilla bacha gallu wantedly take only part of stats to show him in bad light ignoring the improvements that were made in last 8 yrs

2004 per capita income $624, 2014 it was $1550 … 150% jump in 10 years 

[telugu_fan]

1 hour ago, hyperbole said:

Debt undamu tappu kadu kani aa debt deniki upayogincdu anddi matter, veedu pilli kuda bichamu ettani gujju gadu, capital expenditure tho em anna pedda projects kattindra ante afi ledu, poni states ki emmana ichindra ante adi ledu.

okkati chesindru, 12 lakh crores corporate loans write off chesindru

 

2 hours ago, Chamak_Chandra said:

What about writing off the money of bodi frnds Anil ambani and big corporates etc…

Bhayya, highlighted statements ki proof emiaina vunda leka evearo chepite blind ga follow avutannara?

Write off ee kada, waive off cheyalledu gaa, waive off ante u don't have to pay it back. example ki mana Andhra Octopus lagadapati lanco evvaram kuuda write off a chestayyi bankulu. Ante avi books ninchi teesi vere ga pedutaru as unproductive assets or loans. everyday transaction lo avi general ga undavu as they are not productive. Ivi corporate ee kaadu, every unproductive asset ni alagae teesestaru yearly balance sheet nunchi .

IBC ni petti they will try to get what they can in terms of money or assets.

And also doesn't central govt loans also include the amount from states generally, as every loan taken by states and state affiliated corporations are generally guaranteed by Govt of India.

[Chamak_Chandra]

1 hour ago, telugu_fan said:

 

Bhayya, highlighted statements ki proof emiaina vunda leka evearo chepite blind ga follow avutannara?

Write off ee kada, waive off cheyalledu gaa, waive off ante u don't have to pay it back. example ki mana Andhra Octopus lagadapati lanco evvaram kuuda write off a chestayyi bankulu. Ante avi books ninchi teesi vere ga pedutaru as unproductive assets or loans. everyday transaction lo avi general ga undavu as they are not productive. Ivi corporate ee kaadu, every unproductive asset ni alagae teesestaru yearly balance sheet nunchi .

IBC ni petti they will try to get what they can in terms of money or assets.

And also doesn't central govt loans also include the amount from states generally, as every loan taken by states and state affiliated corporations are generally guaranteed by Govt of India.

Why did they Write off for corporates and not farmers ?

[KGFsutthi]

1 minute ago, Chamak_Chandra said:

Why did they Write off for corporates and not farmers ?

Coz corporates fund elections and farmers take funds for that elections. It’s a nirantara prakriya. 
When Indians vote for a change and not for a caste, india will develop like west

[telugu_fan]

11 minutes ago, Chamak_Chandra said:

Why did they Write off for corporates and not farmers ?

Bhayya, Write off and waive off ki difference vundi.

Farmers ayina or corporates ayina write off ee chestaru. It means that the unproductive money/account is moved from the current financial books and efforts will be set for recovering them, while rest of the accounts where people pay the bank money on time are kept for yearly transactions and book keeping.

Waive off ante nobody has to return anything, in simple terms raithu runa maafi scheme is a waive off. the govt (the then TDP or TRS govt) is saying farmers don't have to pay back their loans. that is waive off not write off.

Any body taking loans will have to pay them back. farmers, corporates, middle class, employees self employed, everyone has to pay them back. When they fail to pay them back consecutively for 3 months it becomes NPA.

opposition is only highlighting the corporates NPA that grew under the previous UPA-2 regime as the amount is larger.

[hyperbole]

57 minutes ago, telugu_fan said:

Bhayya, Write off and waive off ki difference vundi.

Farmers ayina or corporates ayina write off ee chestaru. It means that the unproductive money/account is moved from the current financial books and efforts will be set for recovering them, while rest of the accounts where people pay the bank money on time are kept for yearly transactions and book keeping.

Waive off ante nobody has to return anything, in simple terms raithu runa maafi scheme is a waive off. the govt (the then TDP or TRS govt) is saying farmers don't have to pay back their loans. that is waive off not write off.

Any body taking loans will have to pay them back. farmers, corporates, middle class, employees self employed, everyone has to pay them back. When they fail to pay them back consecutively for 3 months it becomes NPA.

opposition is only highlighting the corporates NPA that grew under the previous UPA-2 regime as the amount is larger.

Rentitlo jarigedi ade,  nobody is going to return or payoff the money.

Ippudu lapgadapati assest 100 rs unte vani appulu 100 crores unnayi, vadu asset vadulestadu bank eventually sells at 99% loss or list as NPA(100% loss). Lagdapati lanti vallu ruling party lo join avutaru for protection obviously 

eventually someone has to account for the losses which will be banks obviously and mostly it will be PSU banks as union governments try to stabilize them eventually anyways(funds from the exchequer)

[gattimelam]

5 hours ago, Chamak_Chandra said:

What about writing off the money of bodi frnds Anil ambani and big corporates etc…

pedda pedda panulu jaragaalante chinna chinna gifts ivvalu, we should be proud of Ambani and Adani reached a status of global icons

[telugu_fan]

1 hour ago, hyperbole said:

Rentitlo jarigedi ade,  nobody is going to return or payoff the money.

Ippudu lapgadapati assest 100 rs unte vani appulu 100 crores unnayi, vadu asset vadulestadu bank eventually sells at 99% loss or list as NPA(100% loss). Lagdapati lanti vallu ruling party lo join avutaru for protection obviously 

eventually someone has to account for the losses which will be banks obviously and mostly it will be PSU banks as union governments try to stabilize them eventually anyways(funds from the exchequer)

The ever greening of loans occured mostly during UPA2 and was discovered afterwards and there was a complete revamp of the NPA accounts. There is still a lot of recovering to be done.

The case you suggest fro lagdapati was the case before 2016-2017 IBC law, people just threw their hands in the air and said i can only pay this % or portion of my loans. That is what Vijay Mallya proposed suggesting to take a haircut for the banks and institutions that lent him money saying that is all he had. In the absence of the law, banks and creditors couldn't do anything. but now after IBC law he is in london court saying that banks have seized more than what he owes.

https://timesofindia.indiatimes.com/business/india-business/govt-recovers-assets-worth-rs-19111-cr-from-fugitives-mallya-nirav-modi-and-mehul-choksi/articleshow/90410231.cms

https://scroll.in/latest/911681/where-is-the-justice-asks-vijay-mallya-after-his-assets-worth-rs-13000-crore-are-seized

https://www.thehindubusinessline.com/business-laws/five-years-of-insolvency-and-bankruptcy-code-a-promising-journey/article65058628.ece

from the 3rd link above

Promoters are fearful of losing control of their enterprises in the event of a default. A whopping 18,629 applications seeking more than ₹5,29,000 crore are noted to have been resolved even prior to being admitted.

The IBC makes it a point that people cannot own the distressed assets and they will be taken to cleaners if they have any more assets left along with immediate family members and its in the hands of banks and creditors who decide how they want to get their money back.

There is still reforms needed in IBC law and it looks like they have proposed some more changes in this budget to get things done to seize assets.

https://www.reuters.com/article/india-steel-bankruptcy/indian-court-approves-jsw-steels-takeover-of-bankrupt-bhushan-power-idUKL3N25W3DA

https://www.zeebiz.com/personal-finance/banking/news-banks-financial-institutions-creditors-realise-rs-243-lakh-crore-through-insolvency-resolution-process-till-september-2022-208379

 

[hyperbole]

9 minutes ago, telugu_fan said:

The ever greening of loans occured mostly during UPA2 and was discovered afterwards and there was a complete revamp of the NPA accounts. There is still a lot of recovering to be done.

The case you suggest fro lagdapati was the case before 2016-2017 IBC law, people just threw their hands in the air and said i can only pay this % or portion of my loans. That is what Vijay Mallya proposed suggesting to take a haircut for the banks and institutions that lent him money saying that is all he had. In the absence of the law, banks and creditors couldn't do anything. but now after IBC law he is in london court saying that banks have seized more than what he owes.

https://timesofindia.indiatimes.com/business/india-business/govt-recovers-assets-worth-rs-19111-cr-from-fugitives-mallya-nirav-modi-and-mehul-choksi/articleshow/90410231.cms

https://scroll.in/latest/911681/where-is-the-justice-asks-vijay-mallya-after-his-assets-worth-rs-13000-crore-are-seized

https://www.thehindubusinessline.com/business-laws/five-years-of-insolvency-and-bankruptcy-code-a-promising-journey/article65058628.ece

from the 3rd link above

Promoters are fearful of losing control of their enterprises in the event of a default. A whopping 18,629 applications seeking more than ₹5,29,000 crore are noted to have been resolved even prior to being admitted.

The IBC makes it a point that people cannot own the distressed assets and they will be taken to cleaners if they have any more assets left along with immediate family members and its in the hands of banks and creditors who decide how they want to get their money back.

There is still reforms needed in IBC law and it looks like they have proposed some more changes in this budget to get things done to seize assets.

https://www.reuters.com/article/india-steel-bankruptcy/indian-court-approves-jsw-steels-takeover-of-bankrupt-bhushan-power-idUKL3N25W3DA

https://www.zeebiz.com/personal-finance/banking/news-banks-financial-institutions-creditors-realise-rs-243-lakh-crore-through-insolvency-resolution-process-till-september-2022-208379

 

You are now changing the goal post from write off vs waived off to this.

Congress didn't nirav modi and Vijay Malaya run away with their private jets. Why is BJP arm twisting SBI and LIC to loan Adani? Adani is a ticking time bomb. 

SBI wrote off 13k crores of Adani debt, will they recover? God knows because they will keep dilly dallying until the underlying assets are worthless 

[telugu_fan]

22 minutes ago, hyperbole said:

You are now changing the goal post from write off vs waived off to this.

Congress didn't nirav modi and Vijay Malaya run away with their private jets. Why is BJP arm twisting SBI and LIC to loan Adani? Adani is a ticking time bomb. 

SBI wrote off 13k crores of Adani debt, will they recover? God knows because they will keep dilly dallying until the underlying assets are worthless 

Bhayya, i am not changing goal posts, but i am trying to explain the difference of write off to waive off, which is what you seemed to be referring to earlier. Write off doesn't mean the corporate get away scott free.

Nirav Modi and Vijay mallya did their loans during the UPA regimes only and Nirav Modi scam was caught due to a mistake with a new bank manager going through reports/old files. Why will they run away then when nobody touched or asked them the money during UPA time?.

LIC puts money into the market and it has Reliance, TCS, Adani and mostly govt companies like Indian oil, BHEL and many more (about some 200 companies are involved adani being one of them). LIC exposure is less than 1% in Adani assets based on their own official statement. they invested some 35000 crs which increased to 88000 crores and then reduced based on market fluctuations to 55000-56000 crores. they are still in profit.

https://pbs.twimg.com/media/FnjdIXbaUAE8PRb?format=jpg&name=large

SBI has given some 27000 crores to Adani and it is also some less than 1% in total of their exposure and banks make money from giving out money as loans

Money to adani is backed by assets- Ports and airports that he has business and earns money from.

https://www.outlookindia.com/business/lic-clarifies-its-adani-group-holdings-amid-concerns-over-high-exposure--news-257984

https://economictimes.indiatimes.com/industry/banking/finance/banking/dont-see-loan-exposure-to-adani-as-an-issue-for-sbi-says-creditsights/articleshow/97676831.cms

https://economictimes.indiatimes.com/markets/stocks/news/sbis-exposure-to-adani-group-manageable-jefferies/articleshow/97641473.cms