Mr.JAITLEY your PSU Banks have Bad Loans of 3.60 Lakh Crores. Who will bear this loss? Politicians or Bank Officials ? Answer. You cannot answer you will put more taxes on common man to adjust this huge loss.Banks have no right to SQUANDER the tax payer money like this. It is a serious CRIME.Understand and accordingly with Banks.
Most of the government bank employees are courupt or innocent they are sitting in office or once they are going out for audit they don't do any audit they sit and eat there and go back with submission of report every thing is good. Eventually bank comes to know money is disappear from the organization showing loss to the company. Bank / Government should make the rule that finance head of the organization will be responsible for any type of financial corruption and he will go behind the bars.
Arun Jaitely well said, pls take over Rajan position as RBI governor and let Swami take your position as finance minister. So that no one oppose RBI decision and improve banking system...develop our economy...
FEW new industries to develop rapidly by shailesh (View MyPage) on May 21, 2016 12:27 PM
(1) As more get employment and get out of poverty, furniture/wood industry would have consistently more demand across the country. thus from perspective of own use, exporting to other countries and reducing imports from other countries, the country needs to develop a new industry in growing fast growing trees that cab be used for furniture purpose, particle boards, both wood as well as the industry for it should be grown and developed in india rapidly.
we need a big player like tata / reliance to enter this stream to build expertise in it. 2) futuristcally, consumer electronics, electrical would be another industry that would have to be well built in india it self for their demands would increase as there are more self-empowred citizens. plants in collaboration with leader japan should be set up in this regard... perhaps partnership of tata and some japanese company.
3) harness solar power energy across country. certainly solar power energy could be utilized by making efficient solar cookers that could be used across rural india and make it independent and powerful.
secondly, a solar powered battery of small scale could light up a fan and tube-light... and installed on roof / terrace. this could already be envisioned and tried to be made commercial at large scale.
this could be faster more sustainable solution for rural electricity across india.
Our banks are unhealthy because our the biggest borrowers, viz., big corporates, are irresponsible. They give themselves fat salaries and luxury perks, but do not bother to return either the principal or the interest to the lending bank. Then they collude with corrupt politicians and head honchos of the banks and finance ministry to play hide and seek. The CBI has a division to deal with serious financial frauds. This division should be charged with the task of identifying and bringing to book corporate entities that have the ability to repay their loans, but wilfully refuse o do so. Those who are found to be unable to repay must be declared insolvent and their assets confiscated by the lending banks. There can't be a kid-glove approach to fraudsters who are destroying the financial health of the country as a whole, and jeopardising the savings of small depositors.
Our Hon FM should explain to the nation why NPA of PSU banks has reached alarming levels, is it because the banks are unable to recover loans or is it that lot of money has been disbursed in last 2 years which cannot be recovered?
Re: Healthier banks
by on May 21, 2016 02:27 PM
Our FM will not understand the Indian Economy , He himself arranging arranging 5000cr Loan to Adani to invest in Australian Mining industry ? Then How will he recover the Money lended to Adani. Only Common Man has to take all Burdens when FM ministry doing Himalayan Blunder . During Ministry shuffling , he should be relieved first , Will MODI listen
Re: Healthier banks
by Rakesh Dandekar on May 21, 2016 02:49 PM
you are asking question and he will give you answer that 10 years miss ruled of UPA. this is simple answer in every question. Actual reality is that the total miss management in finance department. how Mr. Mallya left india after meeting finance minister at Rajjya Sabha he will get your answer about your NPA