What happens if Andhra Pradesh declares bankruptcy?

[Raven_Rayes]

31 minutes ago, bhaigan said:

Sendrabob edchedi kuda ade kada BJP game adi nannu ninda mosam chesindi ani

malli inko sari visionary ani cheppukovaddu ani cheppu athaniki.

minimum deenni kooda grahinchaleni vaadu leader ela ayyadu saami.

[Raven_Rayes]

3 minutes ago, NiranjanGaaru said:

Anduke VP anaru ninu 100% of its revenue appulu chestunadu not 25%

lol. revenue antey, states own revenue maatram kaadhu annoi. central transfers, grants anni kaluputhaaru.

velli koorcho. naaku opika ledhu thokkalo budget vethiki neeku counter ivvataaniki.

sanghi yedhavalu cheppedhi antha trash ani time waste kooda cheyyanu

[rapchik123]

2 hours ago, Raven_Rayes said:

 

AP with hardly 25% of debt obligations to its revenue is getting pillored by everyone.

 

how ? i think the revenue is around 1.8L cr and debt is 3.7L cr

[Raven_Rayes]

6 minutes ago, NiranjanGaaru said:

Anduke VP anaru ninu 100% of its revenue appulu chestunadu not 25%

brain vaadu ra lafoot. debt celing aey around just 3.5% of GDP..

so Andhra lo only 3.5% is collected as tax aa? lol. sanghi brain vaadaku.

[Raven_Rayes]

Just now, rapchik123 said:

how ? i think the revenue is around 1.8L cr and debt is 3.7L cr

debt obligation ki, debt ki theda telikundaney nuvvu startup billionaire aypodaam anukunnava? lol.

[NiranjanGaaru]

1 minute ago, Raven_Rayes said:

lol. revenue antey, states own revenue maatram kaadhu annoi. central transfers, grants anni kaluputhaaru.

velli koorcho. naaku opika ledhu thokkalo budget vethiki neeku counter ivvataaniki.

sanghi yedhavalu cheppedhi antha trash ani time waste kooda cheyyanu

Rey bajjji...... Burra brain lo unadha g loo undhaa...... Central shared tax gst grants...... Anni budget lo kalputharu 

I'm saying all revenue earned by state<<appu..... 

E db lo stock investor gellu econmists la feel avtharu vallaki chepu ni sollu... 

[Raven_Rayes]

1 minute ago, NiranjanGaaru said:

Rey bajjji...... Burra brain lo unadha g loo undhaa...... Central shared tax gst grants...... Anni budget lo kalputharu 

I'm saying all revenue earned by state<<appu..... 

E db lo stock investor gellu econmists la feel avtharu vallaki chepu ni sollu... 

ikkada choodu

3 minutes ago, Raven_Rayes said:

brain vaadu ra lafoot. debt celing aey around just 3.5% of GDP..

so Andhra lo only 3.5% is collected as tax aa? lol. sanghi brain vaadaku.

 

[rapchik123]

5 minutes ago, Raven_Rayes said:

debt obligation ki, debt ki theda telikundaney nuvvu startup billionaire aypodaam anukunnava? lol.

i dont know thats why im asking , can u enlighten me 

[Raven_Rayes]

2 minutes ago, rapchik123 said:

i dont know thats why im asking , can u enlighten me 

dude, what's their to enlighten. everyone pays monthly, quarterly, yearly installments on their debt.

debt obligation will be approx 5% of the debt. given debt availed by a state within the mandated limit of 3.5% to GDP is provided at 4.5% per annum. I think AP went over this limit and did some external market borrowings.

this entire debt thing is overblown anyway.

[Raven_Rayes]

None of the Indian cities or states are close to being insolvent, compared to US/Chinese cities

if anything Indian govts borrow too less, spend too less, and expect miracles.

you think Chinese/US growth came from innovation,  and didn't start from state spending (including in infrastructure and social spending), you have to read up economic history of every successful naiton.

India doesn't want to be successful, except in its own mind.

[Raven_Rayes]

arey @NiranjanGaaru economist fcukface.. What is the union govt doing with RBI dividends ra? where do you think that money comes from?

siggu undha ra koncham anna asalu? revenue antha laakkoni GST tho, malli debt limit okati. debt payments antha malli union govt vaadukuntondhi.

deeniki british raj ki enti anna difference? manollu manchiga 4.5% dochukuntunnaru, british ollu ekanga 25% range lo dochukunnaru. anthey.

[Raven_Rayes]

nuvvu pedda economist pudingi, nenu cheppindaanlo ekkada tappu undho cheppu ra niranjangandu ga.

siggu leni Modi supporter.

[Raven_Rayes]

states ni etla loot cheyyalo Modi gaadu perfect ga chesthunnadu.

malli siggu lekunda aa state lo kontha mandhi kristiani CM ani lavda kaburlu chepthunnaru.

niranjangaandu ga, ninnu Vizag road lo urikinchi kottali ra

[rapchik123]

34 minutes ago, Raven_Rayes said:

dude, what's their to enlighten. everyone pays monthly, quarterly, yearly installments on their debt.

debt obligation will be approx 5% of the debt. given debt availed by a state within the mandated limit of 3.5% to GDP is provided at 4.5% per annum. I think AP went over this limit and did some external market borrowings.

this entire debt thing is overblown anyway.

ok cool , from my understanding AP is in a situation where its hard for it to pay this debt obligation , I've read somewhere that to keep the 9 ratnaalu freebies going it'll need 18k crores over the next 3 months and on top of it many govt departments havent been getting salaries since 3 months , from what u said additional debt obligation would be approx 18.5k crores , the situation looks bad for sure 

[Raven_Rayes]

Just now, rapchik123 said:

ok cool , from my understanding AP is in a situation where its hard for it to pay this debt obligation , I've read somewhere that to keep the 9 ratnaalu freebies going it'll need 18k crores over the next 3 months and on top of it many govt departments havent been getting salaries since 3 months , from what u said debt obligation would be approx 18.5k crores , the situation looks bad for sure 

That's why I started this thread with the assumption that Andhra will declare bankruptcy, which I don't think is possible since such a provision doesn't even exist in Indian law.

he'll be forced to cut down on some of his spending. He'll find some creative way to make it work. nothing more than that.

I was responding to that asshole who claimed that Andhra is paying 100% of its revenue towards its debt, which is ridiculous.