Skip to main content

What is use of taking back Mallya and Nirav Modi?


It is surprised when any state government went for loans write-off to farmers, Reserve Bank of India not allowed them to do so. 
Of Course! Waving of farmers loans is election promise given by political parties which was not encouraged. But the same RBI over Rs 68,600 crore of loans of willful defaulters like Mallya, Nirav Modi and Choski have been written-off. How the Indian Government write-off the defaulters loans?

Does the Farmers and Defaulters are same? Vijaya Mallya left India on 2 March 2016 and fled to UK. A group of 17 Indian banks are trying to collect approximately ₹9,000 crore loans which Mallya misuse the purpose and divert them for other interests. The news came out after Congress filed for the details of top 50 willful defaulters through RTI Act. According to the RTI reply, absconding Choksi's company Gitanjali Gems tops the list of the defaulters with a whopping amount of Rs 5,492 crore.

Mallya's Kingfisher Airlines figures in the list at number 9, with outstanding of 1943 crore which have been technically written off by the banks while Deccan Chronicle Holdings Limited have 1915 crore written off loans. When Coronavirus hits Indian economy RBI write-offs help to our economy. States are crying for minimum release of funds to fight on covid-19. 68K crores amount is very much useful to fight against coronavirus. Now, Indian government is serious to return him from the UK to face charges of financial crimes in India and spend crores of money as expenditure to take Mallya and Nirav Modi to India. What is use of taking back Nirav Modi and Vijay Mallya from UK?

Comments

Popular posts from this blog

Photo : Savitri during her last days

Even after 4 decades of her death, people are very much interested to watched her (Savitri) biopic. Mahanati turned to be stupendous success. On eve of remembering Savitri, here we posted Savitri photo. The photo seems her last days. The man stand behind Savitri is Gemini Ganeshan who married Savitri. It seems that she suffered bad days during her last days.

PK Fans - Political and Private life

Pawan Kalyan fans attack Director Ram Gopal Varma's office for making parody film "Power Star" on their hero. RGV made a complaint and withdraw later for unknown reasons. 

Who killed cricket in Pakistan?

Pakistan won the 1992 WC under the leadership of one of the greatest all-rounders in the world Imran Khan. Now, he is leading the country as Prime Minister of Pakistan. Every cricket lover in the country wants to see the glory in the gentleman game after Imran became PM for Pakistan. But his leadership can’t give any assurance to other nations to play the game in Pakistan. New Zealand abandoned the historic Pakistan tour just a few minutes after the first ball was to be bowled in the first ODI in Rawalpindi. Both teams have considered this series as preparation for the ICC T20 World Cup. Kiwis cites ‘Security threat’ to its players in Pakistan. There is a question that arises why NZ came and cancelled the visit. This is a massive blow to Pakistan cricket who wants to revive the game in the country. Prime Minister Imran Khan had spoken to New Zealand Prime Minister Jacinda Ardern and informed her about the security arrangements. Pakistan Cricket Board (PCB) fumes over Black Caps decisio...