It is something funny that fuel prices rae increased on daily basis. Are international crude prices changing daily. If yes does all fuel of daily consumption flying to India and ebabling the oil companies to get engaged in daily increase of prices. Has this govt failed. Have they no policies to monitor and control the whole system.
What for Govts. are. They are supposed to run the country and all Banking system. Politicians have full control on official system. As such they control everything. Present political system does not seem to not properly educated and as such not capable of proper planning and implementation of proper economic measures.
Population is too much job creation is major priority of all those in power if jobs are not created there will be anarchy in the country. For creating sustaining jobs loans are given to various Industries most industrialists and others are most corrupt in India everyone wants to make easy money.
So in name of job creation many people cheat Banks and other Financial institutions in the process there are bad loans. Many times business models fail so businesses go down and loans become NPA. But job creation propels economy
MDs of banks are controlled by Department of Finance headed by FM and PM heading the government. All the big scavengers of public money like Nirav Modi, Chocksi, Mallya have political links. All loans sanctioned by government run banks of Rs100 crores and more if can be brought under forensics audit, it will be crystal clear. Each board of banks operating in india must have govt nominee and rbi nominee directors are there. How this happened??????????????
How can they influence banking, can anyone tell us. Barring psychological pressure i.e. too from FM or PM, no one can influence banking working. RBI governs the banking.
There is an official nexus also. It is give and take policy. If the income tax conducts raids in the houses of some Bank official, they will get everything. There are some unscruplos men in Banks also who work for these fugitives . If a lay man makes a default in payment, they will immediately proceed with legal actions. Even now the law has made to save the culprits who loots up to 100 cores.
Like every other issues in India, economy too is a captive of media ch^tiyagiri. Media hijacked economy long ago.
They played tunes accusing government every step of the way - be it DeMo or GST.
Confused people on what is at the heart of the issue. Rather sh^t load of phony analysts and conspiracy theorists are let lose on public with their own weird theories and recipes.
Naturally, political leaders played into he hands of madarchd media of India.
Re: No. It is neither politicians not banks , it is media
by mandook raj on Sep 26, 2018 08:18 AM
The author obliquely says that there is no free media today as he says there was independent and free media some years back. Ridiculous. So many articles have appeared in the media attacking and often baselessly the PM and the BJP Government/s while keeping stony silence about the misdeeds of government/s earlier. That perhaps according to the author is privilege of the editors!Those who doled out bank loans undeservedly to Mallya and his likes, is now accusing the present government of allowing them to escape!! It amounts to saying, we shall give unmerited loans, it is your duty to recover and punish the borrowers!!
Re: Re: No. It is neither politicians not banks , it is media
by Ram Niwas on Sep 30, 2018 11:35 AM
What misdeeds. Always cusrsing former Govts is misdeed. This Govt failed to enhance foreign exchange reserves . It is approx. at the same level as it was in 2014, while manmohan sigh and Narsimha Rao increased it from 2 Billion to 380 Billion dollors in 15 years. Try to think and crticize right
Re: Re: No. It is neither politicians not banks , it is media
by Ram Niwas on Sep 30, 2018 11:41 AM
Instead of cursing previous Govt. the present Govt should think of and plan measures to improve economy reduce price rise. This Govt created Paytm etc which have become other reserve banks . How they are linked with all banks. Paytm I understand is run being run by Chinese financers. Have we donated our banking system to china.
Yielding to political pressure from the branch level is limited - used to have the fear of accountability. Some Branch heads may entertain only when the project is viable in all respects. Big loans and consortium loans are being considered right from branch level to top management at various levels inclusive of Board - If consortium all the participating bankers will have involvement - hence the scrutiny used to be more. Sanctions not necessarily be due to political or any other pressures - as every official knows about their accountability.
Cause of NPA: Political/Government's decision is also have reasons. As of date Steel, Power and Infra sector have failed. Manufacturing sector failed and so Export Sector is also affected. For these reasons who else in the Banking sector be complained.
Govt Decision: Example Demonetisation - which caused MSME and small traders. For example in TN alone 50000 units were closed (Report submitted in their Assembly)
To be assessed that which are the sectors affected -reason for that - remedial measures taken.
Legal system is to be strengthened - various organizations like human rights etc influence to be restricted.
