Jagan sells state government for taking loans

[snoww]

39 minutes ago, Telugodura456 said:

. 

I dont like IYR but his point is correct - how have banks accepted this farce ?

Banks will give money to government as long as they keep paying interest and give guarantee/surety. Once they start defaulting on payments, they might reconsider. Even if the government defaults banks know they can recover money through courts. So it's not a big deal for them. 

Just paper meeda vunna fake companies ke thousands of crores lo icharu banks. Baboru bramaravati kosam thechina bonds kooda government guarantee thone. 

[Telugodura456]

20 minutes ago, snoww said:

Banks will give money to government as long as they keep paying interest and give guarantee/surety. Once they start defaulting on payments, they might reconsider. Even if the government defaults banks know they can recover money through courts. So it's not a big deal for them. 

Just paper meeda vunna fake companies ke thousands of crores lo icharu banks. Baboru bramaravati kosam thechina bonds kooda government guarantee thone. 

general Govt guarentee is different from escrowing specific excise taxes - thats like giving up on governance.

[MiryalgudaMaruthiRao]

1 hour ago, TOM_BHAYYA said:

Ippudu ila antav.. malli anni nethhina padesipoyaaaka chakkadhidhhalsindhi CBN ye.. 

appatiki pothadu bro

[snoww]

14 minutes ago, Telugodura456 said:

general Govt guarentee is different from escrowing specific excise taxes - thats like giving up on governance.

world bank daggara thechinappudu leni siggu mana banks daggara enduku. 

[hyperbole]

50 minutes ago, snoww said:

Banks will give money to government as long as they keep paying interest and give guarantee/surety. Once they start defaulting on payments, they might reconsider. Even if the government defaults banks know they can recover money through courts. So it's not a big deal for them. 

Just paper meeda vunna fake companies ke thousands of crores lo icharu banks. Baboru bramaravati kosam thechina bonds kooda government guarantee thone. 

Frbm limits set chestaru anduke. Over borrowing cheste system cripple ayitadi. Companies and governments are different but both have limits where one will stop lending and AP government already went beyond FRBM limits. idi too much to take loans mortgaging  future tax collection.

 

YCP/TDP elections mundu okka 1 lakh crores future taxes paina appu tesukoni panchitw paristi enti? In the end people of andhra are beykond dicked. 
 

welfare undavachu kani revenue growth should also be the focus

[MiryalgudaMaruthiRao]

thx ra langa teddies for your cover drives ani @nallaberry pmed @NiranjanGaaru

[snoww]

24 minutes ago, hyperbole said:

Frbm limits set chestaru anduke. Over borrowing cheste system cripple ayitadi. Companies and governments are different but both have limits where one will stop lending and AP government already went beyond FRBM limits. idi too much to take loans mortgaging  future tax collection.

 

FRBM limits are for central government and reserve bank loans anukunta. Not sure if private banks will care for that. 

My reply in this thread was regarding question of how banks issued loans . I might be wrong.  Just my guess. 

[Telugodura456]

1 hour ago, snoww said:

world bank daggara thechinappudu leni siggu mana banks daggara enduku. 

Appu lo siggu ledhu. Appu cheyyani government ee ledhu. Kaani specific taxes appananga petti appu cheyyadame proble,

[hyperbole]

29 minutes ago, snoww said:

FRBM limits are for central government and reserve bank loans anukunta. Not sure if private banks will care for that. 

My reply in this thread was regarding question of how banks issued loans . I might be wrong.  Just my guess. 

 

FRBM Act, was to institutionalize fiscal discipline, reduce fiscal deficit etc

The Comptroller and Auditor General of India (CAG) was entrusted with the responsibility of periodically reviewing the compliance of the provisions of the FRBM.

It is applicable to all states. When banks lend money they look at the CAG report and the FRBM borrowing limit is 3.5% of the state GDP.

 

[futureofandhra]

@kdapparao enti idhi 

saks9 chudala

[kdapparao]

46 minutes ago, futureofandhra said:

@kdapparao enti idhi 

saks9 chudala

Watch any thing you like apart from Pacha media.. pacha media kuda choodachu kani neutral prespective undali as you guys are brainwashed for last 30+ years you lost that capability bro, so please restrain from watching pacha media till you get that back.

 

[futureofandhra]

5 minutes ago, kdapparao said:

Watch any thing you like apart from Pacha media.. pacha media kuda choodachu kani neutral prespective undali as you guys are brainwashed for last 30+ years you lost that capability bro, so please restrain from watching pacha media till you get that back.

 

lol

clarity vachindhi 

nuvvu blue cartel 

[kdapparao]

2 minutes ago, futureofandhra said:

lol

clarity vachindhi 

nuvvu blue cartel 

Bro induke ninu pacha media maney anedi.. chood yela ayavo.. sonthaga alochinche telivi kolpoyavu.. so  for you bro.. hope you get better soon.

[futureofandhra]

1 minute ago, kdapparao said:

Bro induke ninu pacha media maney anedi.. chood yela ayavo.. sonthaga alochinche telivi kolpoyavu.. so  for you bro.. hope you get better soon.

lol

nuvvu matram blue mediaa chustaav migatha vallaki lectures istvu

[AndhraneedSCS]

2 hours ago, snoww said:

FRBM limits are for central government and reserve bank loans anukunta. Not sure if private banks will care for that. 

My reply in this thread was regarding question of how banks issued loans . I might be wrong.  Just my guess. 

FRBM limits are the ceiling for State Govt borrowing.

 

In this case, it is not the state govt directly borrowing. Govt sets-up an organization and that organization borrows. 

 

Some familiar examples of organizations are APSRTC, TRANSCO, GENCO,... THe latter were merged to state Govt (I think)