https://youtube/watch?v=gOwnESmPd60 @1:15 here is the case Mr - TopicsExpress



          

https://youtube/watch?v=gOwnESmPd60 @1:15 here is the case Mr #ArunJaitley 1. in india banks do not lend to farmers who are ready to pay upto 36% and beyond (do taka byaj) and to north east 2. #cdRatio is highly distorted for BIMARU states 3. loans to corporate sector routinely turn sticky with wilful defaulters making credit expensive for every one 4. banks led by #SBI cut #depositRates by 25 basis points PLR remains stuck so who makes the money ? Banks - wrong answer. Banks need to be recapitalized to meet #Basel III norms govt pays bank money out of taxes except india has a very low #taxbase and GOI runs a huge #deficit with RBI. RBI monetizes it. Inflation eats into everyones income. #savingsRate falls. what little savings is available finances wrong policy (#crony capitalists) bottomline - before 1991 PSU commanded the heights of command economy. after 1991 crony capitalist do - wahi dhak ke teen paat - no / low growth 5. paint the devil black - except it is called #planningCommission - who gets away while spotlight is on Plan. Comm. - #adanis.
Posted on: Sun, 14 Dec 2014 17:09:43 +0000

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