Another Financial Scandal, Growing NPAs and Indian Political-Economy
Another Financial Scandal, Growing NPAs and Indian Political-Economy By: Vijay Sardana Are you surprised with PNB Bank - Nirva Modi scandal in Indian banking system? Maybe yes, but I am not. Are you surprised mounting NPAs in Indian Banking system? Maybe yes, but I am not. Are you surprised with declining investments in the corporate sector? Maybe yes, but I am not. Are you surprised with declining exports from India? Maybe yes, but I am not. Barring few business houses may be a handful of them, most cannot be trusted. The author, due to my proximity to various decision-making domains, was witness to many of these developments very closely and also in many cases the first-hand witness. Let us discuss the whole situation based on evidence . 1. List all major companies which are loaded with NPAs, you will find they all were close to some political establishments or political leader a few years ago – during their peak time. 2. From Harshad Mehta t
Excellent !
ReplyDeleteOn the above point conclusion, it is not interesting for farmers to do such business because of higher feed costs and decreasing grasslands. In this situation Manorama Industries Limited introduced low-cost raw materials (non conventional feed resources) to reduce feed costs.
ReplyDeleteIn conclusion to the above point, it is not interesting for the farmers to do such business as the cost of feed is high and the grasslands are decreasing/Low profit & almost loss making business. In this situation Manorama Industries Limited introduced low-cost raw materials (non-conventional feed resources) to reduce feed costs.
ReplyDeleteSir very realistic, and eye opening
ReplyDelete