Chidambaram’s Lame Duck Presser – 1.5% GDP Loss or 50%

BJP on Monday hit back at senior Congress leader P Chidambaram for allegedly mocking efforts being made to build a grand Ram temple in Ayodhya and the Statue of Unity dedicated to Sardar Vallabhbhai Patel in Gujarat, saying his remarks were “utterly irresponsible and provocative”

Aircel-Maxis Money Laundering Case: Court Extends Chidambaram’s Interim Protection From Arrest.IT Commissioner S.K. Srivastava’s new revelation: Former FM, P Chidambaram, parked $40 million in NDTV as bribe money received from Aircel Maxis deal! Is Chidambaram the owner/partner of NDTV?

Black money case: Madras high court quashes criminal prosecution against P Chidambaram’s ki

November08, 2018 (C) Ravinder Singh ravindersinvent@gmail.com

I was going through list of Congress Leaders with Foreign Qualifications – but all had little IDEA OF INDIA. P. Chaidambaram The Smartest is among them.

Even couple of minutes of his PRESSER in Kolkata about Regional Alliance and Demonetization is not available on YouTube.

He had a week ago listed RBI figures in an IE article. He has no Idea of Ground Reality –

Gadkari, Prabhu and Goyal largely invested in UNVIABLE & UNVIABLE PROJECTS without DPR and Public Consultation will need Rs.50,00,000 Cr Investment in next 30 yrs.

Ø There is NEGATIVE Growth in Railways.

Ø Bogus IPR – Patenting Tripled – No Real Progress,

Ø Industry Growth PRACTIALLY Zero – Indian Contribution bare Packaging & Labeling.

 http://www.cea.nic.in/reports/monthly/generation/2018/October/tentative/opm_01.pdf –http://www.cea.nic.in/reports/monthly/generation/2013/October/tentative/opm_01.pdf

Ø Power sector IMPORTS of Coal Exceed Rs.240 mt/Yr, Thermal Power Generation April-Oct18 is 628BU/745 BU compared to443BU/561BU five years ago. Thermal generation growth contribution in 5 years was 185 BU out of 184 BU of Generation. Addition. 100% THERMAL POLLUTING & UNDESIRABLE GROWTH IN GENERATION.

Ø Negative Exports, Means Job Losses,

Ø Negative Oil & Gas Production – Substantial growth in PETROLEUM Consumption.

When Credit growth in 4.5 Years is 24,47,800 Cr NPA Growth is Rs.10,00,000 Cr. Credit to Industry is barely Rs.1,85,100 Crores only Negative Considering Inflation & Exchange Rate. Credit growth to Farmers of Rs.3,88,400 means nothing when INPUT Costs have gone up by 50% to 100% in case of LPG. IN ANY CASE FARM LOANS ARE VROP LOANS OF SHORT DURATION.

In comparison Credit to Services and Personal Loans are Rs.8,63,900 Cr for Hair Cuts which don’t add to CORE – GDP – Indians are to Pay Twice for Haircut. Credit to Personal Loans was Rs.10,10,300 Cr largely benefit INDIVIDUALS.

Credit Growth under UPA-II [NDA-II] was 113% [43%], Ind 149% [7%], Agriculture 97% [58%], Services 107% [65%] and Personnel Loans 80% in 2009 now 100% in 4.5 Years.

https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=23682

DATA ON SECTORAL DEPLOYMENT OF BANK CREDIT IN RS. 100 CR

Sector

Mar09

Mar14

5 Yrs

Sep18

4.5 Yrs

I. Gross Bank Credit (II+III)

26473

56208

112%

80250

43%

III. Non-food Credit (1to4)

26018

55296

113%

79774

44%

1.     Agriculture & AA

3386

6660

97%

10544

58%

2. Industry

10543

25165

149%

27016

7%

3. Services

6462

13375

107%

22014

65%

4. Personal Loans

5624

10097

80%

20200

100%

INVENTING INDIA THINK TANK – INNOVATIVE TECHNOLOGIES & PROJECTS

Innovative Energy, Power, Transport, Water, Smart Cities, Manufacturing, IT, Agro Projects & Technologies 

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