“If the bank does well under new ownership, and therefore provides proof of concept,”So there is the if clause :Banks do have the understanding of the concept of recovering loans given by banks :after all it is a system where the RBI had been winking at banks fudging balance sheet till some two and a half to 3 yrs. back and played a long innings of Returned notes counting during demonetization A banking system that never accepted the mistakes thus for will never correct itself, would never do well.Not even a single BIG WIG from banking sector had talked about the reality and the failure of banking system.If memory doesn’t fail one GM of SBI once said ,”now that the steel sector is under stress”” Never was it said “banking sector is under stress.” Always blame others The basic honesty of men make any organization great, a country great.We must know what is missing R.Ponnambalam
"Economic growth is back above 7 per cent” Whose Economic Growth that is? In 1930s top 1% earners captured 21% of total income.The then P.M.Jawaharlal Nehru implemented a set of socialist policies with strict govt.control over economy with an explicit goal to limit the power of the elite the report said.’ The policies implemented by himself and his followers including his daughter upto mid 1970s included nationalization strong market regulation and high tax progressivity.these measures and others had a significant impact on the income inequality. In the early 1980s the total income of top 1% earners dropped to 6%. Over 1950-1980 the bottom 50% captured 28% of the total growth and the income of this group grew faster than the average and the top 0.1%incomes decreased By Market Economy and liberalization by not recovering bank Loan and giving loans in the tune of Rs,55000 crores to select individual corporates we had had Hashat Metha. MallaiyaN. Modi sagas.Over 1980 -2014 top 0.1% Earners (of India )captured a higher share of the total growth than the bottom 50% ( earners of india)(12%versus 11%) and the top 1% received a higher share of total growth than the middle 40% (29% as against23%) The top 10 percent controlled about 74 percent of total wealth The poorest 30 percent, meanwhile, had just 1.4 percent of the total wealth," as the former V.P, had said9th National Conference of the Indian Association of Lawyers here. .What is the econo
"Economic growth is back above 7 per cent” Whose Economic Growth that is? In 1930s top 1% earners captured 21% of total income.The then P.M.Jawaharlal Nehru implemented a set of socialist policies with strict govt.control over economy with an explicit goal to limit the power of the elite the report said.’ The policies implemented by himself and his followers including his daughter upto mid 1970s included nationalization strong market regulation and high tax progressivity.these measures and others had a significant impact on the income inequality. In the early 1980s the total income of top 1% earners dropped to 6%. Over 1950-1980 the bottom 50% captured 28% of the total growth and the income of this group grew faster than the average and the top 0.1%incomes decreased By Market Economy and liberalization by not recovering bank Loan and giving loans in the tune of Rs,55000 crores to select individual corporates we had had Hashat Metha. MallaiyaN. Modi sagas.Over 1980 -2014 top 0.1% Earners (of India )captured a higher share of the total growth than the bottom 50% ( earners of india)(12%versus 11%) and the top 1% received a higher share of total growth than the middle 40% (29% as against23%) The top 10 percent controlled about 74 percent of total wealth The poorest 30 percent, meanwhile, had just 1.4 percent of the total wealth," as the former V.P, had said9th National Conference of the Indian Association of Lawyers here. .What is the eco
"A banking system that is 70 per cent government-owned is no sensible person's prescription of an ideal structure, especially in the context of an interventionist government culture."So we have been enjoying SENSELESS PERSONS PRESCRIPTION by allowing 15 lakh crore unrecovered loans loan which can be senselessly or sensefully declared NPA and write of 2.7 lakhs crores in the past four and half years and sensefully called Hair Cut and let go the income share of India’s top 1% rose from approximately 6% in 1982 -1983 to above 10% a decade later and then to 15% in 2000 and further still around by 23% by 2014.LOOT THE COUNTRY R.Ponnambalam
"A banking system that is 70 per cent government-owned is no sensible person's prescription of an ideal structure, especially in the context of an interventionist government culture."So we have been enjoying SENSELESS PERSONS PRESCRIPTION by allowing 15 lakh crore unrecovered loans loan which can be senselessly or sensefully declared NPA and write of 2.7 lakhs crores in the past four and half years and sensefully called Hair Cut and let go the income share of India’s top 1% rose from approximately 6% in 1982 -1983 to above 10% a decade later and then to 15% in 2000 and further still around by 23% by 2014.LOOT THE COUNTRY R.Ponnambalam
For the past 2/3 months IIP (Industrial Production) and Mfg sectors have shown good growth.
Unless Agri growth increases GDP growth is difficult beyond 7%. During UPA I and UPA II agri sector average growth were 3.8 and 3.9% whereas this tenure since 2014 to till date Agri sector average growth has been 1.9%. This may be cause of farmers agony - as over 60% of Indians involved in agri activities.
Re: 7% growth may shut the door of banking reform
by R ponnabalam on Mar 13, 2018 01:27 PM
GDP growth ,we are told by Economists ,that needs investing.Can the 30% people who have 1.4 % wealth invest and contribute to GDP and their economic growth.A poet wrote long back.His wife was telling him to buy a house.He replied her"Look there is a place for me in the heart of all those who read my poems and writings."She replied "But I cannot go there to live.'The GDP growth is still not allowing the common man to help live "The standard of living has not gone up.China is talking of reasonably prosperous country.We are talking of Below Poverty Line.Foreigners are coming up with data on income disparity in India.We close our eyes to it .When China would be discussing Prosperity quotient we would be discussing Poverty quotient , never discussing facts.OUR ECONOMICSDOM --!!!.We are taken for a ride R.Ponnambalam
Re: Jaitley seems hav corrrupt son and daughter getting hefty of
by R ponnabalam on Mar 14, 2018 10:23 AM
So let us stop telling Bharat Mahan ,start telling Bharat Ghapla Mahan.R.Ponnambalam
