UPA biggest crisis facing Indian economy today, i.e. that of NPA (non performing assets) could been one of the biggest scams of UPA.
July22, 2018 (C) Ravinder Singh email@example.com
Schools children are taught to start a ‘Fire Three Conditions are To Fulfilled – Fuel, Heat and Oxygen’ there can be no fire when any one of three is absent. Likewise for Banking NPAs Three Institutions Were Responsible – 1. SEBI & Sector Regulators, 2. Banks and 3. Central & State Governments. SEBI is 100% responsible for BANKING NPAs.
Dr. M. Damodaran, ex. Chairman SEBI blamed every institution but SEBI for Banking NPAs when SEBI is Directly Responsible for NPAs as all ‘Significant Scams’ happened in SEBI Regulated Publically Traded Companies. In the talk last night he admitted ‘Indian Banking is Basically Lending Against Collateral’ but not for LISTED COMPANIES.
Vijay Malaya to Neerav Modi decline is STEEP – In GOLD & GEMS biz ‘Value Additions is 2% – Banks advanced Loans more Than 100% Turnover, when There is SIMULATANEOUS Exports & Imports – NET CREDIT REQUIREMENTS was not even Rs.100 Cr to Rs.200 Cr.
RIL is like a Blue Whale which has 104 Animals – Sperm Whales, Tiger Sharks, Elephants, Hippos and Rhinos, Anacondas, Crocodiles in its Womb – No One Animal Comes out of Womb and Blue Whale is Growing 20% to 30% every year.
THERE IS NO LINK BETWEEN NON-PROMOTER DIVIDEND & STOCK PRICE AND BORROWINGS – and RIL is allowed to INVEST BORROWED MONEY IN HUNDREDS OF OTHER LISTED STOCKS & TRADE IN THIRD PARTY STOCKS FREELY.
RIL is No.2 in Revenue, No.1 Profits & Assets but No.417 in Equity Dividend and No.17 in Employee Cost as Per Fortune 500.
ACCOUNTANTS ARE RUNNING COMPANIES THAN ENGINEERS & INVENTORS & EXPERTS.
When TATAs have separate Listed, may be 50 Companies – TCS, Tata Motors, Tata Steel, Tata Power, Tata Telecom, Tata Titan etc all are Professionally Managed all Raised Capital through IPOs – RIL is allowed to OPERATE MEGA SCALE COMPANIES under RIL single listed company.
Loss making ADANI POWER is take over other Loss Making Power Companies FUNDED By Banks. Stock Marketing is BOOMING BUT COMPANIES PROFITS ARE DECLINING.
Dr. M. Damodaran didn’t EXPLAIN for ‘$2000b Stock Market’ there is NEGLIGIBLE PUBLIC INVESTMENT THROUGH IPOs. There is MINIMUM Public Disclosure of Company Operations – DPRs are Not Disclosed in India in most cases.
Under SEBI Stock Markets Runs on GUESS WORK, Manipulations and Speculations.
Backer McKenzie reported Indian Companies Raised $11b through IPOs but only 31 Industrial IPOs accounted for $0.67b and 10 Healthcare IPOs raised $0.54b only – Financial IPOs accounted for $8.02b.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770, 9871056471, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects