First time, value of LIC holding in Adani companies drops below purchase price

[dasari4kntr]

57 minutes ago, telugu_fan said:

Bhayya, I don't know where you got the above data from. Maybe the link from which you have taken this doesn't have full info.

I am directly quoting from the official govt press release after the FTA agreement with Australia.

https://pib.gov.in/PressReleasePage.aspx?PRID=1889525

from the above link there is this paragraph

 

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90% of Australian exports by value to get zero duty access to Indian market

India is offering zero duty access to 90% value of products from Australia (including coal). Zero duty on 85.3 % value of products will be offered immediately while zero duty on 3.67 % value of products will be offered progressively over 3, 5, 7 and 10 years. India has offered concessions on Tariff lines of export interest to Australia like Coking coal and Thermal coal, Wines, Agricultural products – 7 of them with TRQ (Cotton, Almonds shelled and in shell, Mandarin, Oranges, Lentils, Pear), Metals (Aluminium, Copper, Nickel, Iron & Steel) and Minerals (Manganese Ore, Calcined Alumina). Many sensitive products such as milk and other dairy products, wheat, sugar, iron ore, apple, walnuts and others, have been kept in India’s Exclusion list.

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check the dates when govt remove the import price..and when this austrlia free trade come in to picture...

the Agreement has come into force on 29^th December 2022.

[dasari4kntr]

26 minutes ago, telugu_fan said:

Bhayya, I think you mean UPA. UPA (United progressive Allaiance led by Congress) was the govt that was voted out in 2014. The NPA i am referring to is the Non-Performance Assets the loans that banks gave out in the 2010-2012 timeframe mostly that were not returned and kept on going on untill the then finance minister Arun Jaitley had to crack whip and make NPA's public.

It kept on ballooning and was 5lakh crores to 8lakh crores to about the highest of 10.3 lakh crores in 2017-2018 and was brought down systematically through recovery, rules change and through IBC (Insolvency and Bankruptcy Code).

Did any of the news channels do any prime time program on the bad loans in the banks and what govt has to do and what it did?

Its good that everyone is now bothered about LIC investment of 35k crores rupees and they should be, where were these worthies when all the NPA's were accumulated by the businesses.

That is the basis for my questioning of the same new channels now. If nothing comes out of this supreme court panel these news items will die away.

yes..i meant UPA...

but this is what i am keep on saying..UPA was corrupt thats why NDA is in power now...then how do you justify NDA also following the UPA path...

UPA miss management or corrupt nature is not the excuse to let go or blind eye on adani...

till today finance minister or prime minister...didnt say single word about this adani issue...

i dont speak for news channels..what they telecaste..in fact i dont believe in new channels...which are already one sided...you know who... even though that news report screenshot in my first page i posted...i believe it after verifying with LIC press release...

LIC may have other investments in other companies...those might have down as well..but as i mentioned those are organic growth and organic ups and downs...clearly there is a difference between scandal vs market ups/downs...dont compare this adani shell company scandal with natural market ups and downs...

 

 

[dasari4kntr]

finally.. @telugu_fan i want know you opinion on adani scandal...

do you think..adani is fruad or he is washed pearl..?

all these arguments and all doesnt go anywhere...if you feel adani is not fraud...just say it in single word...dont prove..we know how information is manipulated in india now a days...

i say he is fraud...because i see the hinddenburg report and adani replies on top of it...specifically about shell companies...so in my opinion he is fraud...

 

[naughty15]

now a days india is very smart hiding all..govt manages all like media/etc not to cover anything.  so nobody knows and will forget in few days

[telugu_fan]

3 hours ago, dasari4kntr said:

check the dates when govt remove the import price..and when this austrlia free trade come in to picture...

the Agreement has come into force on 29^th December 2022.

And people say i keep writing essays, this is the reason I have to write so much as nobody seem to be reading the links posted.

https://www.argusmedia.com/en/news/2393447-indiaaustralia-fta-exempts-coking-coal-import-duty

From the above link

Australia accounted for 67.5pc of India's coking coal imports during January-September this year against a 81pc share in the same period last year.

Cheaper Russian cargoes and tighter supplies from Australia this year has brought down the share of Australian coal among Indian buyers.

https://www.argusmedia.com/en/news/2393011-indian-steel-export-revival-hinges-on-demand-rebound

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International steel markets have been on a downtrend owing to high inflation, a looming recession and low domestic demand, but India has proved to be a bright spot as demand and prices in the country have not slumped significantly.

Indian steel exports had declined even before the duties were put in place, so "real exports" will happen when the global demand situation changes and until then shipments will be subdued, a major domestic steel exporter said. "But at least the shackles are not there anymore."

-----------------------------------------------------------------------------------------As i wrote before the demand to remove the 2.5% duty was run by iron and steel companies owing to decrease of demand and increased taxes. Adani exports coal and the import duty is paid by the companies importing it mostly. your point would be valid if Adani himself lobbied with iron and steel companies and got a cut.

 

[pakeer_saab]

2 hours ago, dasari4kntr said:

yes..i meant UPA...

but this is what i am keep on saying..UPA was corrupt thats why NDA is in power now...then how do you justify NDA also following the UPA path...

UPA miss management or corrupt nature is not the excuse to let go or blind eye on adani...

till today finance minister or prime minister...didnt say single word about this adani issue...

i dont speak for news channels..what they telecaste..in fact i dont believe in new channels...which are already one sided...you know who... even though that news report screenshot in my first page i posted...i believe it after verifying with LIC press release...

LIC may have other investments in other companies...those might have down as well..but as i mentioned those are organic growth and organic ups and downs...clearly there is a difference between scandal vs market ups/downs...dont compare this adani shell company scandal with natural market ups and downs...

 

 

did you ever see US president talking about one of US stock tanking

inta responsibility vote vesina vallaki koda undadu 

so daily LIC investment track chestaara latkor liberals, idemi mee personal account kaadu, LIC has been doing it since time immemorial and calling this as scam can only be done by rahul ji's follower since logic and rahul ji go together well 

 

 

[telugu_fan]

2 hours ago, dasari4kntr said:

yes..i meant UPA...

but this is what i am keep on saying..UPA was corrupt thats why NDA is in power now...then how do you justify NDA also following the UPA path...

UPA miss management or corrupt nature is not the excuse to let go or blind eye on adani...

till today finance minister or prime minister...didnt say single word about this adani issue...

LIC may have other investments in other companies...those might have down as well..but as i mentioned those are organic growth and organic ups and downs...clearly there is a difference between scandal vs market ups/downs...dont compare this adani shell company scandal with natural market ups and downs...

 

 

Bhayya it seems you already decided that NDA is also corrupt like UPA and following their path only.

Why will the PM or Finance minister talk about Adani, they are not employed by Adani nor are they spoke persons for the adani group.

If the PM or finance or commerce minister would have spoken up, you can bet that the same news media would have written see how the PM is defending his corrupt businessman and his deals.

Defending Adani or not is purely a political issue and that is why you will not find him speaking about it.

Even in the 2008 financial crisis that engulfed the US, did you see Bush or Obama defend Bankers and hedge funds other than the usual US economy is too big to fail and the economy is going to be okay/is on sound footing. you will find similar statements from Indian politicians as well.

[pakeer_saab]

2 hours ago, dasari4kntr said:

yes..i meant UPA...

but this is what i am keep on saying..UPA was corrupt thats why NDA is in power now...then how do you justify NDA also following the UPA path...

UPA miss management or corrupt nature is not the excuse to let go or blind eye on adani...

till today finance minister or prime minister...didnt say single word about this adani issue...

i dont speak for news channels..what they telecaste..in fact i dont believe in new channels...which are already one sided...you know who... even though that news report screenshot in my first page i posted...i believe it after verifying with LIC press release...

LIC may have other investments in other companies...those might have down as well..but as i mentioned those are organic growth and organic ups and downs...clearly there is a difference between scandal vs market ups/downs...dont compare this adani shell company scandal with natural market ups and downs...

 

 

how do you know if there is a blind eye on adani, and how do you think govt should handle this, destroy the investor confidence and let adani become a pauper to satisfy the ego of few unelectable retards ??

[pakeer_saab]

2 minutes ago, telugu_fan said:

Bhayya it seems you already decided that NDA is also corrupt like UPA and following their path only.

Why will the PM or Finance minister talk about Adani, they are not employed by Adani nor are they spoke persons for the adani group.

If the PM or finance or commerce minister would have spoken up, you can bet that the same news media would have written see how the PM is defending his corrupt businessman and his deals.

Defending Adani or not is purely a political issue and that is why you will not find him speaking about it.

Even in the 2008 financial crisis that engulfed the US, did you see Bush or Obama defend Bankers and hedge funds other than the usual US economy is too big to fail and the economy is going to be okay/is on sound footing. you will find similar statements from Indian politicians as well.

irony is such idiots can talk about transparency now while ignoring the level of massive corruption during MF MMS term for 10 yrs, the objective is to equate congress with BJP and somehow normalize the scams of congress as part of routine

[pakeer_saab]

2 hours ago, dasari4kntr said:

finally.. @telugu_fan i want know you opinion on adani scandal...

do you think..adani is fruad or he is washed pearl..?

all these arguments and all doesnt go anywhere...if you feel adani is not fraud...just say it in single word...dont prove..we know how information is manipulated in india now a days...

i say he is fraud...because i see the hinddenburg report and adani replies on top of it...specifically about shell companies...so in my opinion he is fraud...

 

why are you wasting time when you have already judged him as fraud, are you looking for agreement of ideas based on your ignorance

[telugu_fan]

2 hours ago, dasari4kntr said:

finally.. @telugu_fan i want know you opinion on adani scandal...

do you think..adani is fruad or he is washed pearl..?

all these arguments and all doesnt go anywhere...if you feel adani is not fraud...just say it in single word...dont prove..we know how information is manipulated in india now a days...

i say he is fraud...because i see the hinddenburg report and adani replies on top of it...specifically about shell companies...so in my opinion he is fraud...

 

If you want my opinion here it is from what i think I know.

Adani is neither a fraud or a washed pearl ( you are looking at black or white case here, I think its an issue of grey shade). i think Adani used whatever he can to increase the evaluation of his companies through offshore companies and would have showed some of them as subsidiaries of his companies where he is doing work.

In India atleast there has to be an SPV (special purpose vehicle) to do infra projects. So even if Adani is managing an airport he will have a subsidiary company to run just that one airport and associated accounts with it. so he will be routing money through those.

If at all i think he might have a problem is that he might have raised capital from the markets for one venture like a port or something and used it to finance another like green energy solar panels business or something of that sort.

And remember Hindenburg said its the biggest con job in history in its headline, is adani doing any pyramid schemes, or did he dupe people like bernie maddoff. Hindenburg which claims to do research seems to have done more of a hit job than research with their insinuations and headlines.

[pakeer_saab]

5 minutes ago, telugu_fan said:

If you want my opinion here it is from what i think I know.

Adani is neither a fraud or a washed pearl ( you are looking at black or white case here, I think its an issue of grey shade). i think Adani used whatever he can to increase the evaluation of his companies through offshore companies and would have showed some of them as subsidiaries of his companies where he is doing work.

In India atleast there has to be an SPV (special purpose vehicle) to do infra projects. So even if Adani is managing an airport he will have a subsidiary company to run just that one airport and associated accounts with it. so he will be routing money through those.

If at all i think he might have a problem is that he might have raised capital from the markets for one venture like a port or something and used it to finance another like green energy solar panels business or something of that sort.

reasoning is useless if the other side has already made up their mind calling him as fraud, fact is this is how India has been deprived of capitalists who can change the lives of billion through jobs

final point is adani has grown too fast in short time and he will support BJP, this is the crux of the problem and that is why he is a fraud as per party with 50 seats and the pidis

 

 

[telugu_fan]

10 hours ago, dasari4kntr said:

 

 

there are timelines matching... by the time adani is ready with coal production in australia..india is facing heavey coal shortage (miss management)...and Govt of india removed the tax on imports...and adani got 8k crores deal from NTPC...CIL, NTPC are 4 decades of state owned organizations...never had this coal shortage issues...until adani is ready in the market...but one good thing they said they will import from indonesia not from australia..but not sure where indonesia got that coal from...another new thing 5 days back news...is india is passing emergency law to maximize the overseas imports... which is still favour for adani...

things are moving this much fast in only in adani case for his advantage..

i am not representative of other organizations like reliance or tata..etc..but any organization has some organic growth..like few years of ups and downs...but in adani case...his growth is pretty slope...things move to all his advantage...thats what i am questioning...

still i am repeating one more time...

if any one questing BJP..why dont you ask congress is not valid answer...similary...if anyone is asking adani group...why dont you ask reliance and tata is also...not valid...

Bhayya, this post is a good example of confirmation bias to suit points to support their POV. if you have sourced it from some website I will say again its half info only.

India imports some 25% of its requirements from abroad for quite a few years, not just in this govt time frame.

Adani bought the mine in 2010, NDA or Modi wasn't in power then. after getting the required approvals he faced court cases due to environmentalists and NGO's and after the court in Australia cleared it started his work.

https://en.wikipedia.org/wiki/Carmichael_coal_mine

The period in 2021 where there is shortage or over usage is missing a few points.

1. India had increased requirements after covid, but the price of coal had increased some 200% due to increase demand from china, rains in indonesia during later part of the year and covid lockdowns in australia also affected the coal supply.

https://www.indiatoday.in/diu/story/india-coal-shortage-crisis-import-production-why-1864041-2021-10-12

later that year China stopped Australian imports due to covid origin questions and India picked up the excess coal from australian ports for slightly less price than international markets. india imports some 46% from indonesia and about 26% from Australia.

https://www.bloomberg.com/news/articles/2021-10-01/india-snags-cheap-australian-coal-sitting-at-chinese-ports

The 2.5% charges were asked to be removed by iron and steel companies as posted in the links in the previous posts. Also misses the effects of Russia- Ukr war and the effect of it on energy around the world.

 

[telugu_fan]

3 hours ago, dasari4kntr said:

check the dates when govt remove the import price..and when this austrlia free trade come in to picture...

the Agreement has come into force on 29^th December 2022.

 

3 hours ago, dasari4kntr said:

finally.. @telugu_fan i want know you opinion on adani scandal...

do you think..adani is fruad or he is washed pearl..?

all these arguments and all doesnt go anywhere...if you feel adani is not fraud...just say it in single word...dont prove..we know how information is manipulated in india now a days...

i say he is fraud...because i see the hinddenburg report and adani replies on top of it...specifically about shell companies...so in my opinion he is fraud...

 

Adani has invested in end to end solutions when it comes to Australia coal.

Adani gets the coal from carmichael mine and transports it using rail line to Abbot Point terminal to ship it. the govt initially said it was going to build airstrip but abandoned it after protests and Adani paid and built it, (not the hallmark of someone who only takes money).

Adani paid 1.83 billion to operate a terminal for 99 year lease in 2011. NDA and Modi weren't there then.

So any company instead of dealing with a coal company in Australia, then talk to another company to transport it to the ships and then talk to another company to move containers on ships and then ship it to India will need to ask just Adani and get a price, If its cheaper than any other companies then they can go for it.

Adani put a bet on infra and power as these are required by India to improve itself whether business or jobs or economy. You will find Adani in Coal and also Wind power and Solar as well, he is trying to hedge his bets, he is also involved in infra projects apparently.

So detractors can say that Modi doing all the rail, road and airport building is all for Adani while forgetting that Adani is putting end to end resources.

If you search you will find some more companies that are betting (one that i can definitely give) based on govt vision and views, who are yet to take off and will take off once their time comes.