Influx of Illegals and attacks on the first amendment along with rampant censorship suggest that not only is demography being altered at scale but the fundamental rights are being curbed rapidly in the US. There wouldn't be democracy left to save!
At the very least $20 Trillion are at stake in the intersection of AI and Crypto. How are these two technologies headed and who is working to control these? This is a very deep analysis of the convergence.
As America gets ready to go to the polls, the independent voices on the radio will go silent. For, the Soros Machine will take over 200 radio stations in 40 markets impacting 165 million Americans!
Modi Government’s Insolvency and Bankruptcy Code (IBC) reform is at the heart of the fight against NPAs that the banks had amassed over UPAs 10 year rule. Even the new Chief Economist of IMF, Gita Gopinath, praised the GST and IBC reforms.
Tata Group’s Bamnipal Steel, (BNPL) – a wholly-owned subsidiary of Tata Steel – has completed the buy out of the debt ridden Bhushan Steel in a Rs 36,400 crores deal with a 72.65% stake. The impact of this was that the lenders almost recovered their principal amount.
“Lenders recovered almost entire principal loan of Bhushan Steel through Rs 36,400 crore transparent bid by Tata Steel and also got 12 per cent stake in the company,”
Now VTB-led Numetal has bid for the heavily indebted Essar Steel for Rs 37,000 crore in the second round of bidding! The other bankrupt corporates on the block are – Monnet Ispat and Energy for Rs 12,115 crore and Jaypee Infratech Rs 9,635 crores.
In total, the market is looking at Rs 1 lakh crores of NPAs to be resolved and returned to the creditors. Moneys that the banks had all but lost!
Until now, huge sums have already been recovered. Actually it is the coming together of many legal tools which has enabled such a situation.
In the fiscal ended March 2018, banks recovered Rs 40,400 crore worth of bad loans as against Rs 38,500 crore recovered in FY17. The various channels through which lenders recovered their bad loans include the Insolvency and Bankruptcy Code (IBC), SARFAESI Act, debt recovery tribunals (DRTs) and Lok Adalats.
There was a time when thousands of crores were lost by the banks and no one would care. Those losses used to be forever. This is first time in India’s banking history that moneys are coming back to the creditors and bank account holders for their benefit. Here are the banks which have the worst situations.
With this level of bank NPAs over the years look at how bad the situation is. How the government has handled the situation, the country may have a light at the end of the tunnel.
Geostrategic engagements of Indian PM Modi and his cabinet suggest that India's actions are striking at the very root of the Deep State. That is why everyone from George Soros to his plant Donald Lu are busy planning. A deeper look.
India's ambitious Deepwater Greenfield Port at Vadhavan is set to revolutionize global trade routes and strengthen national security. How will it impact trade, security and geopolitics.
Kolkata Gangrape and Murder case and the subsequent batting for the criminals by the entire administration, including the Chief Minister, was not an exception in West Bengal. It is a pandemic!
The future may not have a Bangladesh that we see today. The forces unleashed today will create different ramifications. We look at every angle of the events unfolding.
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