Indian Economy : News,Discussions & Updates
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One of the Liberals is Chiddu. He took the liberty of expanding the Bank loans from 18 lakh Crore from 1947 till 2008, to 54 lakh Crore from 2008 to 2014. This resulted in the massive NPAs with banks today.
Of course Chiddu must have also assured corporates to default on their borrowings because the incoming govt would be generous in wrtiing off more than 52% of what they owed to the PSB's.
India, ASEAN agree to review decade-old free trade pact
India, ASEAN agree to review decade-old free trade pact
India, ASEAN agree to review decade-old free trade pact
I have posted the report published by the CNFA on the claims accepted by the IBBI against corporate debtors and the actual money realized. This is almost 50 % and thanks to the largely pro corporate solvency law of 2016, corporate defaulters are happy to take to the bankruptcy route than pay what is owed.
Do you know how bankruptcy works? How those figures got inflated? How even after being an NPA Bank didn't categorized them NPA instead marked them as good loans and those amounts keep getting inflated thanks to interest per annum.
Government has nothing to do with "write off" it's bank who put them under that column and it never means the loan is waived off, it means loan is turned bad so instead of counting it in income stream it's time for recovery.
You used that term "write off" intentionally to present government waived off the loans as the high IQ Rahulji presented to you. Now again you are misleading on bankruptcy. Why don't you declare yourself or your company bankrupt and see how much money you can hide and where. Banks sell even a single chair or pen in your name or companies name to recover whatever they owe.
Loans are not waived off in India and neither is interest, banks always get paid in full. Even to priority sector lending whatever relaxation is given is a subsidy which means banks get paid in full (even farmer loans when waived off).
Similarly Banks have no authority to negotiate interest rates no matter how big a client is. They can only quote the standard rate of that bank applicable to everyone, they can provide long term loan or other features but can never shave off a single precent point of interest for any corporate client or anyone.
Try these tricks of half truths and lies on Ravish Kumar and Twitter, people can't be mislead here. You tried same tricks in name of constitution too. Also please read about how insolvency works and how IBC is helping Indian banks to recover more amount than they could ever have in decades.
So any criticism of the govt would automatically make one a Rahul Gandhi Bakth. The problem Modi with supporters is that they cannot tolerate any criticism of their revered figure, even if the corporates have stolen your money through your bank and the govt is at the wheels of the getaway car. I bet you didn't read that report and why would you it does make for some grim reading. How naive can one be to think that the corporates declare all their assets and wait for the banks to come and liquidate those assets to recover their claims.
I'm sorry my friend you live in self denial, you may even think, like the govt would have us believe, that we are not in the midst of an economic downturn. I have no inclination to convince supporters otherwise.
What data tells us about urban life in India
As in most developing countries, it is the rural parts of the country that drive India’s politics but its economy is increasingly being driven by cities. As densely packed networks of economic activity, cities create opportunities for the growth of both labour and consumer markets, data suggests.
In urban India, nearly one in two workers has a regular job, according to data from the latest annual periodic labour force survey conducted in 2017-18. This proportion is much lower (13%) in rural India. Regular jobs offer the highest wages, and the average urban regular wage earner earns roughly 33% more than his counterpart in rural India, the same database shows.
The greater prosperity in turn translates into higher demand for goods and services, reinforcing the growth of urban centres. India’s top six urban agglomerations—Delhi-NCR, Mumbai-Pune, Chennai, Hyderabad, Kolkata and Bengaluru—accounted for a third of washing machines, over a fourth of refrigerators and a little less than a fourth of air-conditioners/coolers in the country, according to the National Family Health Survey conducted in 2015-16.
The data shows that cities are critical to the health of the economy. How the health of cities is managed will influence how fast the economy grows in the long run.
In a 10-part data journalism series beginning today, Mint examines different aspects of city life in the largest urban agglomerations of the country to shed light on how cities, and different parts of them, fare in comparison to others. From mobility to migration, open spaces to housing, each part of the series will examine hard data on each key component of city life.
The first part examines data on 300 arterial roads across six of India’s largest metropolitan regions—New Delhi, Mumbai, Kolkata, Chennai, Hyderabad and Bengaluru—to find that Mahatma Gandhi Road in Kolkata (average speed of 7.7kmph) is the slowest, followed by Sardar Vallabhbhai Patel Road in Mumbai (8.1kmph) and the Kanakapura Road stretch from JP Nagar to Outer Ring Road (8.4kmph) in Bengaluru.
Kolkata has 11 of the slowest 20 roads across these cities, followed by six in Mumbai and three in Bengaluru. The fastest arterial metro road is Outer Ring Road in Hyderabad, where the average speed is 60kmph. The Noida-Greater Noida expressway is a distant second at 52.7kmph, followed by Chennai Outer Ring Road at 48.5kmph.
What data tells us about urban life in India
As in most developing countries, it is the rural parts of the country that drive India’s politics but its economy is increasingly being driven by cities. As densely packed networks of economic activity, cities create opportunities for the growth of both labour and consumer markets, data suggests.
In urban India, nearly one in two workers has a regular job, according to data from the latest annual periodic labour force survey conducted in 2017-18. This proportion is much lower (13%) in rural India. Regular jobs offer the highest wages, and the average urban regular wage earner earns roughly 33% more than his counterpart in rural India, the same database shows.
The greater prosperity in turn translates into higher demand for goods and services, reinforcing the growth of urban centres. India’s top six urban agglomerations—Delhi-NCR, Mumbai-Pune, Chennai, Hyderabad, Kolkata and Bengaluru—accounted for a third of washing machines, over a fourth of refrigerators and a little less than a fourth of air-conditioners/coolers in the country, according to the National Family Health Survey conducted in 2015-16.
The data shows that cities are critical to the health of the economy. How the health of cities is managed will influence how fast the economy grows in the long run.
In a 10-part data journalism series beginning today, Mint examines different aspects of city life in the largest urban agglomerations of the country to shed light on how cities, and different parts of them, fare in comparison to others. From mobility to migration, open spaces to housing, each part of the series will examine hard data on each key component of city life.
The first part examines data on 300 arterial roads across six of India’s largest metropolitan regions—New Delhi, Mumbai, Kolkata, Chennai, Hyderabad and Bengaluru—to find that Mahatma Gandhi Road in Kolkata (average speed of 7.7kmph) is the slowest, followed by Sardar Vallabhbhai Patel Road in Mumbai (8.1kmph) and the Kanakapura Road stretch from JP Nagar to Outer Ring Road (8.4kmph) in Bengaluru.
Kolkata has 11 of the slowest 20 roads across these cities, followed by six in Mumbai and three in Bengaluru. The fastest arterial metro road is Outer Ring Road in Hyderabad, where the average speed is 60kmph. The Noida-Greater Noida expressway is a distant second at 52.7kmph, followed by Chennai Outer Ring Road at 48.5kmph.
What data tells us about urban life in India