Indian Economy: News and Discussion

Knowitall

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Ya'll Nibbiars

The Public Sector Banks have written off a massive Rs 8 trillion worth of loans during the last 7 years of Narendra Modi government, which is more than double than the amount of capital infused by the government during the period. Between 2014-15 and 2020-21, the government infused Rs 3.37 trillion into public sector banks. FY19 saw the highest amount of capital infusion during the period at Rs 1.06 trillion. In 2020-21, the government infused Rs 14,500 crore into four public sector banks. On the other hand, between 2014-2021, government-owned banks wrote-off loans worth Rs 8.07 Trillion's Rupees.
Is this a good or bad thing?
 

Haldilal

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Is this a good or bad thing?
Ya'll Nibbiars GOI prints more money to afloat the PSU's. It comes from you pocket the GOI has infused almost the 7 trillion rupees against the Bankers written off's 8 trillion rupees NPA Written off's. The bankers are playing with our money. High time to privatize the 10 PSU's banks expect the SBI's and the going to be fully Postal Bank. GOI on average owns almost 60 percent of the PSU's Bank. Sell one third to the employees and the rest to the DII's like LIC and other's.
 
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Haldilal

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Ya'll Nibbiars India broke into the top 10 list of agricultural produce exporters in 2019 with a sizeable share in the export of rice, cotton, soya beans and meat, according to a WTO report on the trends in world agricultural trade in the past 25 years.
 

Knowitall

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Ya'll Nibbiars GOI prints more money to afloat the PSU's. It comes from you pocket the GOI has infused almost the 7 trillion rupees against the Bankers written off's 8 trillion dollars NPA Written off's. The bankers are playing with our money. High time to privatize the 10 PSU's banks expect the SBI's and the going to be fully Postal Bank. GOI on average owns almost 60 percent of the PSU's Bank. Sell one third to the employees and the rest to the DII's like LIC and other's.
Basically the tax payers suffers like always.

Money that could have increased the purchasing power of the public and help propel the GDP is being thrown into this pit.

This is the reason why no one here pays tax.
 

Haldilal

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Basically the tax payers suffers like always.

Money that could have increased the purchasing power of the public and help propel the GDP is being thrown into this pit.

This is the reason why no one here pays tax.
Ya'll Nibbiars There are 12 PSU's Banks. The total revenue of them are almost 15 trillion rupees and one third of them is from the SBI Group. We don't need PSU's numbers here. Only the SBI's and the Going to be Postal's Bank is enough. They have All India reach and could do the job of reaching every where in India. The rest of the PSU's can be Privatized but will require atleast 4 years to do due to their size.
 
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another_armchair

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Came across this website , product are really good imo .

@fire starter what do you think of them ?


@FalconSlayers they make some really niche product for their scale , i expect a huge growth
Their own R&D? Are they manufacturing their entire product range in India or just rebranding and selling Chinese manufactured items like BoAt and others do?
 
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Haldilal

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Ya'll Nibbiars this is not good to open 100 % FDI in the Startegic Asset's.

The FDI up to 100 per cent will be allowed under the automatic route in cases where a public sector undertaking has received in-principle approval for strategic divestment in the oil and gas sector. The 100% FDI will enable the Centre to offload about 52.98% stake in BPCL to a foreign buyer. Furthermore, the latest move will also open the gates for FDIs in other state-owned companies.
 

Lonewolf

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Their own R&D? Are they manufacturing their entire product range in India or just rebranding and selling Chinese manufactured items like BoAt and others do?
Company has own rnd , their powerbank is a beast , had oot of product , mostly homemade , they do from rnd to packaging , everything , except which they can't do at all like some circuit boards etc
 

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Haldilal

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Ya'll Nibbiars

The Currently, foreign institutions can make up to 100% of investments in India through Automatic Route, Government Route, and Automatic+Government Route. Some sectors have been given free hands whereas some require more government scrutiny. And so is the case of Indian state-run Oil and Gas companies. Currently, only 49% of Foreign Direct Investment is allowed in them.

But as the government is marching ahead with the motto of either modernize or monetize, this rule was proving to be an impediment on that path. Hence to make the path clear for monetizing from PSUs in Oil and Gas segment, the government has made amendments to the existing rules.
 

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Haldilal

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Ya'll Nibbiars The Vodafone Idea’s proposal for investment of up to Rs 15,000 crore through foreign direct investment (FDI) has been approved by the GOI. The nod, which is an enabling provision, would help the financially-stressed company raise funds to pay up some of its dues linked to adjusted gross revenue AGR, reduce debts and use the money for operational expenses. This comes at a time when the company has approached the government seeking relief in payment of certain dues. An official in the Department of Telecom (DoT) said it’s a move indicating that the government does not want VI to go under.

But, last September, it had said in a regulatory filing that the board of directors of the company had approved raising of Rs 15,000 crore each through issue of equity shares of various forms and debt, with the total aggregate amount not exceeding Rs 25,000 crore. Stuck with debt amounting to Rs 1.8 trillion including deferred spectrum payment obligations of Rs 96,270 crore, AGR liability of Rs 60,960 crore and loans of Rs 23,080 crore VI had asked the government for a one-year moratorium to clear spectrum instalment of over Rs 8,200 crore payable in April 2022.
 

Haldilal

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