adi B Posted August 20, 2014 Posted August 20, 2014 MSA is playing right into modi's hands by making such cheap comments.people will develop more hate for aiyyar,respect for modi.
Malcolm Merlyn Posted August 20, 2014 Posted August 20, 2014 :cantstop: Congress are such poor losers.Hope they never come back to power.They have too much arrogance,the gandhi family needs to be brough down to earth.
veer Posted August 20, 2014 Posted August 20, 2014 Adani says Hi.. There will be some exceptions buddy... There is no''Ram Rajya" or the perfect governance here... If your goal is just to nitpick all the time then, by all means, have fun for next five years cuz he'll make blunders at times that'll give you a lot of material. In the mean time, step aside and let the Modi sarkar make an effort to prove you wrong.. :--D :woot:
Crookbond Posted August 21, 2014 Posted August 21, 2014 There will be some exceptions buddy... There is no''Ram Rajya" or the perfect governance here... If your goal is just to nitpick all the time then, by all means, have fun for next five years cuz he'll make blunders at times that'll give you a lot of material. In the mean time, step aside and let the Modi sarkar make an effort to prove you wrong.. :--D :woot: The government is not perfect right but pointing out faults is nitpicking?!
diga Posted August 21, 2014 Posted August 21, 2014 Again supporters of the Prime Minister raised pro-Narendra Modi slogans forcibly interrupting Jharkhand Chief Minister Hemant Soren's speech. Maharashtra Chief Minister Prithviraj Chavan was hooted down during a public event in Solapur when he shared the stage with the PM. Chavan had to stop speaking during the function as the crowd began to chant Modi's name. Haryana CM Bhupinder Singh Hooda who shared the dias with PM Modi in Kaithal, too, was shouted down by the PM's supporters. . :haha:
G_B_ Posted August 21, 2014 Posted August 21, 2014 In the case of PC i bet most of the guys were actually NCP cadre trying to get him to be booted out.
veer Posted August 21, 2014 Posted August 21, 2014 The government is not perfect right but pointing out faults is nitpicking?! Criticism is good for the system.. But to look for minor issues from a lot of good work is the problem... and some people do that just for the sake of it. (you know arm chair critics and all... ) Anyways, people like those are also needed sometimes to keep Modi's people in check..
Crookbond Posted August 21, 2014 Posted August 21, 2014 Criticism is good for the system.. But to look for minor issues from a lot of good work is the problem... and some people do that just for the sake of it. (you know arm chair critics and all... ) Anyways, people like those are also needed sometimes to keep Modi's people in check.. Crony capitalism is not a "minor issue". Some of us may be armchair critics but RBI governor is not. Crony capitalism a big threat to countries like India, RBI chief Raghuram Rajan says http://timesofindia.indiatimes.com/business/india-business/Crony-capitalism-a-big-threat-to-countries-like-India-RBI-chief-Raghuram-Rajan-says/articleshow/40076743.cms
veer Posted August 21, 2014 Posted August 21, 2014 Crony capitalism is not a "minor issue". Some of us may be armchair critics but RBI governor is not. Crony capitalism a big threat to countries like India, RBI chief Raghuram Rajan says http://timesofindia.indiatimes.com/business/india-business/Crony-capitalism-a-big-threat-to-countries-like-India-RBI-chief-Raghuram-Rajan-says/articleshow/40076743.cms Agree with RBI chief..
Precambrian Posted August 22, 2014 Posted August 22, 2014 The nation says it likes PM Modi even more than candidate Modi : India, News - India Today BJP stands to win 314 seats all by itself if elections are conducted now!
scorpio90 Posted August 22, 2014 Posted August 22, 2014 Retweeted by Mallikarjuna pmfor2014 @pmfor2014 26m BIG BANKING PSU SCAM TO HIT INDIA SOON-- WILL UPDATE ON THIS MATTER SOON.. GETTING DETAILS NOW... SCAM DONE BY CHIDU/SG/ AJ TRYING TO SAVE From Twitter, @pmfor2014. I am posting all his tweets without any alterations. I cannot vouch whether its complete rumor or initial smokes of big fire (నిప్పు లేనిదే పొగ రాదు). - BIG BANKING PSU SCAM TO HIT INDIA SOON-- WILL UPDATE ON THIS MATTER SOON.. GETTING DETAILS NOW... SCAM DONE BY CHIDU/SG/ AJ TRYING TO SAVE - Should this PSU Loan scam surface, we see SUBPRIME Like Crisis in India, drying up of capital,big Defaults & many PSU banks will go belly up - SOS to @narendramodi @PMOIndia ring Fence SBI,Coal India,ONGC. In month of May i have said that BIG SCAM & balance sheet dressup in ONGC - Why strong reforms were not done?Because there is big gaping hole in Finances of most of small PSU banks.Fears of big NPAs in SBI too. - LIC Insurance - bought Shares of dubious companies & Loss making PSUS on behest of CHIDU.. BOth LIC insurance & PSU banks are in bad shape. - When @narendramodi was informed about this,he said we must bring it out in open to the people but AJ said that Stock market will crash. - When @narendramodi was to unravel the Big ticket reforms, He was informed by AJ about PSU bank scam,AJ said that Rupee may head back to 70. - Very tough days ahead for @narendramodi .. RBI govt RR & @narendramodi are devising plan to come out of this crisis.Will update more info .. - Unlike 2gscam & coalscam, The PSU bank Loan scam will impact savings of Common man & create havoc.NPAs amount equals to 2gscam!!! - Unknown companies were given Loans by these PSU banks, later some of these companies went belly up.Some of them acted as front of Cong pol - OBC & dena bank fiasco , Bhusan steel & Syndicate bank bribery case just tip of iceberg. - Fear of Rupee heading to 70/73,mass exodus of Fiis money frm Stock market,Psu banks going belly up & chaos in inter bank lending market.. - Culprits -- MDs of PSU banks,Chidu,SG,Real estate companies,fictitious companies getting loans for building power plants/infra project. - Some of these fictitious companies r shell companies or front of cong poli.AJ if of the view :no point to blow the lid off.Lets buy time - RBI gov RR , @narendramodi & PMO team r our best hope.RBI gov briefed NaMO & AJ about fictitious companies & handed over list of such comp - Very Important to Ring fence SBI, Lic Insurance,ONGC,COAL India & OMC PSUS.CMDs of all PSU banks must be replaced if need be. May be this is why SBI is now harassing normal customers. From a person who is facing their high-handedness - Indulge the patience of the mods and fellow members - I know this does not meet the fourm charter anyway but seek advice as this is causing me a liability of 5 lakh. Thought of posting it in nukkad but given the pace, it will soon be hidden from the view. I had taken a home loan from SBI with those teaser rates in 2005. There was a clause for interest rate revision every 3 year. The rate was revised up by a very small increment in 2008 and since then the rate was kept the same. However, recently SBI sent me a notice for payment of close to 5 lakh where they calculated with a very high interest rate from 2008. When I enquired with the bank, they simply told me that the old rate was a mistake and this high rate was supposed to be charged and hence they are doing retrospective revision. My argument that had they informed me of this high rate at 2008 I would have closed the loan then and there fell on deaf ear. Two of my colleagues have received similar notice from SBI. We had separate talks with a few of sympathetic SBI employees and as per rumour mill, there are 2.1 lakh people receiving this kind of notice. Anyone knows how to tackle this? I have taken advice from a few lawyers and all of them are advising me to go to consumer court but none are 100% sure of outcome. I am still going out with it though. It can not be an act of simple mistake if 2.1 lakh people are suffering from this. Even if it is a mistake, it is definitely bank's responsibility and the bank can not ask me to pay additional amount arising due to bank's failure to inform me the right rate of interest applicable to my loan. Is there any NGO who can fight this out with SBI on behalf of 2.1 lakh suffering consumer? I do not know if in India we have something similar to class action law suit. Anyone, please? Not that 5 Lakh can not be arranged but it leaves a very bad taste in the mouth to be cheated like this.
scorpio90 Posted August 22, 2014 Posted August 22, 2014 Balaji temple deposits 1,800 kg gold offerings with SBI http://economictimes.indiatimes.com/news/politics-and-nation/balaji-temple-deposits-1800-kg-gold-offerings-with-sbi/articleshow/39494563.cms A whopping 1,800 kg of gold offerings made by devotees of Lord Venkateswara at the famous hill shrine at Tirumala was today deposited with the State Bank of India, taking the total deposits made by it so far with various banks to more than 5,000 kg. Executive officer of the Tirumala Tirupati Devasthanams (TTD), which manages the cash-rich temple, M G Gopal handed over the gold to State Bank of India (SBI) Chairperson Arundhati Bhattacharya at the TTD Headquarters here, in the first deposit of the precious metal by the temple in the last two years. The gold offered by devotees in the hill temple hundi was deposited under SBI Gold Scheme for a period of five years at the rate of interest of one per cent, which effectively would mean addition of 12 kg of gold per year, Gopal told reporters. "TTD has not made any gold deposits in the last two years as the banks have stopped accepting gold due to restrictions imposed by the RBI. After negotiating with various banks, SBI has first come forward to accept the gold deposits at one per cent interest rate per annum and we welcomed it," he added. Bhattacharya said in terms of quantity, this was the largest single deposit of gold made with the bank in the entire country. "We are fortunate to be a part of this divine mission. The deposited gold will be taken to Government Mint at Mumbai by SBI by incurring transportation charges, transit insurance, melting and refining charges and pure gold of 0.995 purity is taken as gold deposit," she explained. The interest on gold deposit was likely to fetch TTD around 12 kg of pure gold every year, netting a total of around 60 kgs in the five year period, temple sources said. Since 2010, on maturity of gold deposits, TTD has been converting the interest earned also into gold which would again be kept as deposits, they said. Excluding today's deposit, TTD was having around 4,335 kg of pure gold under gold deposits with the SBI, Corporation Bank and Indian Overseas Bank. These gold deposits earn an interest of 70 kg of pure gold approximately every year to the TTD coffers, they added. Did Tirupati Balaji just save SBI from deep trouble? If yes, this is slap in face of all those who were crying over Padmanabhswamy temple gold deposits. That gold belongs to Hindus and when Hindus feel it, they will use that gold to save their country..
diga Posted August 22, 2014 Posted August 22, 2014 Balaji temple deposits 1' date=800 kg gold offerings with SBI http://economictimes.indiatimes.com/news/politics-and-nation/balaji-temple-deposits-1800-kg-gold-offerings-with-sbi/articleshow/39494563.cms Did Tirupati Balaji just save SBI from deep trouble? If yes, this is slap in face of all those who were crying over Padmanabhswamy temple gold deposits. That gold belongs to Hindus and when Hindus feel it, they will use that gold to save their country.. why ? its just a deposit & can be taken back by the temple.. Its not they have donated it for the good of the country
scorpio90 Posted August 22, 2014 Posted August 22, 2014 It's to shore up their financial/accountancy books. Trust of people with the bank and between banks is very important for the economy to work and if the public comes to know the losses SBI and other PSU banks have suffered, there will be a huge run on all the banks bringing down the economy.
diga Posted August 22, 2014 Posted August 22, 2014 ^ I did see Sucheta Dalal tweeting about it... ps: For those not aware of Sucheta Dalal, she was one of the people who exposed Harshad Mehta/securties scam
scorpio90 Posted August 22, 2014 Posted August 22, 2014 Sucheta Dalal @suchetadalal · Aug 20 A bribe is a bribe. But 70k to clear films has CBI panting! This is the biggest problem we have?Fresh bad loans by banks 4.5lakh cr in 7yrs! Sucheta Dalal @suchetadalal · Aug 20 Bankers claim they are running scared. A trick to derail action against corruption? http://www.moneylife.in/article/used-to-getting-away-scot-free-bankers-upset-about-corruption-charges/38525.html After running up fresh bad loans of Rs4.95 lakh crore in just seven years, public sector banks (PSBs) seem to be resorting to their usual tactic to get the government off its back. After the arrest of Syndicate Bank chairman & managing director (CMD) SK Jain and the promoter of Bhushan Steel, Neeraj Singhal, banks have gone into what they describe as “panic mode”. This is essentially like a doctors’ strike, which hits patients the most. Bankers are claiming to be so ‘upset’ with the Central Bureau of Investigation’s (CBI) action in tapping phones and tracking the dubious deals of public sector bank chairmen, that they won’t take calls from borrowers anymore. Bankers, including central bankers, tell us that nobody in banks wants to take decisions anymore. This is now a familiar pattern and going on for decades. Harassed borrowers then approach politicians and all investigations stop. At the root of the problem is the Reserve Bank of India, which has refused to act. In connection with our article, “Rot at the Top” about lack of accountability in Reserve Bank of India (RBI) and public sectors banks, Mr MR Sivaraman, a highly regarded retired Revenue Secretary of the union government, wrote to us with an interesting story about RBI’s negligence. “In my time in 1995 we uncovered a scandal in the South Indian Bank in Mumbai which was accepting cash in gunny bags and opening foreign letters of credit (LOCs) in Hong Kong etc. on the production of forged bills of entry of electronic goods allegedly imported from Hong Kong”. The amount involved was around Rs270 crore. Mr Sivaraman says, “That alerted me and I wrote to chairmen of all banks and discovered that this was the modus operandi of certain hawala operators and many banks had lost foreign exchange in this manner but had been cleared by the RBI during inspections. I took exception and wrote to the then Governor Dr Rangarajan about RBI's lapses. He kept mum. Then Dr (Manmohan) Singh unusually asked me to move into the RBI and investigate how they neglected such a huge hawala operation. I did not do it to preserve the integrity of the RBI. But Rangarajan did not act. Ravi Vir Gupta, who was Deputy Governor (at that time), assured me that they would act. They did not and only (Governor) Bimal Jalan acted to stop the practice. What happened to the case? There was another 'Harshad Mehta' who was the king pin. But the officer who arrested him, Prabhat Kumar, a brilliant IRS officer in the Enforcement Directorate (ED) at that time in Mumbai, was shunted out by the then National Democratic Alliance (NDA) government. He apparently resigned -- that is what I understand as I left for Washington after the case was well on to the courts. This is just a summary as the whole case was more thrilling as it involved some prostitutes, bank accounts in Hong Kong, false passports of the prostitutes and so on. This is just to show that the RBI has never been infallible and there have been officers who were very lax and allowed things to drift”. Mr Sivaraman has named names and we have not sought the feedback of those who he has named. We will however, incorporate their response, if any. Mr Sivaraman’s mail shows that loot at banks and the burying of investigation has followed a similar pattern irrespective of which government is in power. It remains to be seen if the Narendra Modi government will act differently and call the bluff of bankers and force the Reserve Bank to act. Things are indeed slightly different this time, because the numbers are scary. Also, top bankers, guilty of colluding their large borrowers, don’t have the support of their rank and file staff or their trade unions. Fresh bad loans of Rs4.95 lakh crore in just seven years! (Public Sector Banks) Fresh/new NPAs during 2009-10 Rs44,818 crore Fresh/new NPAs during 2010-11 Rs58,226 crore Fresh/new NPAs during 2012-13 Rs92,808 crore Fresh/new NPAs during 2012-13 Rs1,19,613 crore Fresh bad loans in the last 4 years (2009 to 2013 ) Rs3,15,465 crore Fresh bad loans in the last 7 years (2007 to 2013 ) Rs4,94,836 crore In a letter addressed to the chief election commissioner (CEC) in March 2014, CH Venkatachalam, General Secretary of the All India Bank Employees Association (AIBEA) wrote: “What is disturbing is that amounts involved in wilful default of bank loans are also increasing. Some of these defaulters are holding high positions. One of the borrower companies in which a central minister is directly connected is also a defaulter to the tune of Rs350 crore. Two top loan defaulters are Padma Sri Awardees and owing to banks Rs930 crore and Rs580 crore, respectively . Another top defaulter is a member of the Rajya Sabha owing to the banks more than Rs6,000 crore. Hence, besides various other existing disqualifications as provided under the Constitution and the Representation of People Act, 1951, a specific provision should be added to debar and disqualify candidates from contesting in the ensuing elections to the Lok Sabha, if they or the companies in which they are connected are defaulters of loans to Banks. We seek your urgent attention in this regard for doing the needful.” People have high hopes from the Modi government. In a recent meeting in Haryana, Narendra Modi promised action to root out corruption. Public sector banks are one concentrated source of corruption right under the nose of ministry of finance and Reserve Bank of India
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