1: So let's get this straight. Simple Q & A?
Who appointed Urjit Patel?
Narendra Modi.
Why did Raghu Ram Rajan step down?
Because Narendra Modi and his government would not act against NPA companies. And also because draconian Demonetization was being planned.
2: Why did Deputy RBI Governor Viral Acharya raise the issue of Section 7 of RBI Act and warn the Government?
Because Government wanted to step in and take over the Reserves of 10,00,000+ Crores lying with RBI and use them to plug NPA's.
3: Why does the Government want all this money?
Because banks have been rendered empty and the 4,00,000 Crore windfall gain from Demonetization never happened.
Why companies are declaring NPA's?
Because their business have failed due to a failing and failing economy.
4: But is the economy not doing very well under Narendra Modi?
If that was the case, there was no need to take over RBI Reserves. The story about the economy doing well is a fake story like everything else told to you by Narendra Modi.
5: What triggered this take over bid of RBI Reserves?
Because many companies were declaring NPA's and the biggest shock came when IL&FS declared (officially) an NPA of 90,000 Crores. And none of the directors was arrested.
6: But why take over RBI Reserves when it had already paid a dividend of 58,000 Crores for the last fiscal?
Because that was not enough to fill the holes created by businessmen who lost money hand over fist. Why Does Govt of India require so much money and needs to print more?
7: It is because GST has failed. From the expected collection of 1,30,000 Crores per month, it is only collecting 90,000 to 1,00,000 Crores with 30,000 Crores going back as refunds. Every month there has been a deficit of 30,000 Crores on an average.
8: Why GST Collection has fallen?
Because it has been declared by IMF as the most complex form of taxation in the world and Indian businessmen have been smart to find out ways to avoid it, also the business volume has fallen as economy has failed.
9: Why Business Volume has fallen?
Demonetization was such a blunder. It killed the economy and India lost 2% of GDP, which is approximately 3,00,000 Crores. And the losses continue.
Print Money? Prices rise across the board ? Common Man ? What is the immediate danger?
10: Telecom sector, that has seen mergers is now three players, Airtel, Vodafone Idea Limited and Jio and all three are bleeding. Telecom sector is sitting on 8,00,000 Crore possible NPA as estimated by SBI internal report which was later suppressed.
11:Who is responsible for all this mess?
Of course Pandit Jawahar Lal Nehru is responsible for all this mess and his family. They have not allowed Narendra Modi to do anything in the last 56 months. Had Sardar Patel been the First PM, none of this might have happened.
12: Who should resign?i
That's a stupid question!!!
Of Course Sonia Gandhi should resign and Rahul Gandhi should resign as Congress President and Modi should be given a free hand with the 10,00,000 Crore RBI Reserves to do what he wants to do?
—-Credit What’s App University
Saturday 15 December 2018
1: So let's get this straight. Simple Q & A? Who appointed Urjit Patel?
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