what work jetliji do as a finance minister that good . one thing we can not forget that how many cash in the people without bank account holder and with bank account holder that come out to govt. by demonetization and more people start to pay income tax so it is a grate work. jetliji is a good minister .
Mr Yashwant Sinha, You have played your innings earlier and you failed. Please better rest silently in retirement and live gracefully. There is no merit in your interferring every now and then and create troubles and spread panic in public.
Jaitley has single handedly destroyed whatever good Modi did or was planning to do. He was not capable of handling such an important portfolio and I am sure if Modi does manage to win somehow, Jaitley will be sidelined.
Re: Quite True
by Mature Stud on Nov 05, 2018 02:29 PM
Jaitley has brought in steel like discipline in finance sect particularly after corrupt UPA rule... aloo bonda commentators like you carry no weight!
Instead of blaming somebody can we suggest constructive path for solving the problem ? Blame game does not help anybody. It will be helpful if we go for circle of influence instead of circle of concern. With regards, Dr Upendranath Bora.
Re: Re: Re: Re: RBI
by common man on Nov 05, 2018 03:23 PM
well i have no problems :)
its not my practice of licking any one while having problems in my life (may be its your way of solving your problems)
i just reminded him that modi had solution for every problem during election campaign of 2014 and even during DeMo he use to tell us that he had done all calculation and everything will be fine in 59 days
Re: truth
by Mature Stud on Nov 05, 2018 02:31 PM
the money is earned by this govt., they have every right to spend it... they are elected by us not the RBI people!
is helpless in addressing the massive NPA problem ?
It is not !
On the contrary, it has been finding novel ways to bring the NPAs of public sector banks down drastically !
For instance, it has sought to reduce the biggest single NPA - Rs 90,000 crores owed by the Anil Ambani group - by diverting around Rs 40,000 crores from the exchequer to that groups account after kicking out the public sector HAL from the Rafale deal and bringing in a new company formed by Ambani for the exclusive purpose of receiving the funds diverted in the form of the *secret* price of the Rafales !!
Rs 40000 crores minus the BJPs share reduced from the outstanding Rs 90000 crores of NPAs in one stroke !!
Instead of blaming the BJP govt for the ballooning of the NPAs during these 4 years, it must be appreciated for finding such novel ways to reduce the NPAs as well as to fund its immense election and propaganda expenses !
Re: Who says that the Modi govt
by Nikhil on Nov 05, 2018 01:42 PM
Do you know who had the novel way of creating the NPAs. It is M Chidambaram. From 1947 to 2004 the loan sanctioned was only 2 lakhs cr and in between 2004 to 2014 it was more than 12 lakh crores. Manmohan singh sanctioned loan to Vijay mallaya. Choksi giving public statement that NDA govt harrasing him because he is close to cong. BTW the aadhar used effectively has saved 90k cr every year.
Re: Re: Who says that the Modi govt
by Gladyschellam on Nov 05, 2018 02:16 PM
Instead of 1947 you could have chosen from 100 years ago so that you could furnish more %age to blame Mr Chidmbaram.
During 1969, the smallest bank Nationalised had a business of 50 crores. (having a business of 50 crores and above were nationalised then) To day that bank have a business of 3.50 lakh crores business. The same bank had crossed 1.00 lakh business during 2007. The same bank had a branch strength of 86 then (1969) now NEARING ABOUT 3000 branches.
After nationalisation No bank had shown loss till Mar 2015. Declined since June 2016. Since then many banks have shown lesser profits- During March 2018 except two south based banks, all banks (19) have shown losses to the tune of 87000.
Private Banks have no exception and shown lesser profits and in some quarters shown losses - Refer Balance Sheets. Similarly many Private Companies have also shown lesser Profits after that and now many companies showed more %age of profits but not in quantum of amount, 3 years ago.
AADHAR has been just completed during 2014 and it was opposed by then opponents. When it started yielding it is claimed as if, it is, present incumbent's.
It is human attitude while failed, put the blame on past/others - when it is successful, it is because of mine. No body is exception.
It is a common tendency for any one right from school days that we do not like a strict person who want to do everything as per rule book. When DR Manmohan SDingh was PM as ex governer of RBI his / his govt policies should have been for common man but it was not. During his tenure few families got richer like Gandhi family and poor became poorer.We have to get used to cash less transcations which will of course take some time for public which was fed and nurtured to do all cash transcations. So let us wait and not jump to any conclusions
Re: O P Jetly
by common man on Nov 05, 2018 01:22 PM
i will not comment on your gandhi family and poor become poorer views.
but
when you say we should get use to cash less transactions...i must tell you that all that hype of cash less or digital india have gone down as the govt itself says that the cash in the market is equal to what it was pre DeMo. and the govt is not doing anything special to promote digital or cashless transactions, be it IRCTC or railways UTS app or any other platform, the govt in fact charges a fee for digital transaction.
so if you really want to increase cash less or digital transactions you need to give cash backs and discounts so that people gets attracted to it,
another thing is if the govt really wants to have a cashless society then why they put the same amount of cash in the market ?
