Tuesday, 16 August 2011

Rs. 200,000 per debtor ?




As per a report appearing in Economic Times ( 06 July, 2012 ), that approximately is the average amount of  loan that some 49,00,000 debtors would not repay to India’s nationalized banks


Exact figures are :

Ø   Debtors  ………………………      49,24, 611

Ø   Total default  ……………..Rs.  100,155  Crores


Although the report does not give out specific names of these defaulters , it is not too difficult to guess their “ categories “, viz:

Benamis / Relatives of

  • Big businessmen

  • Senior secretaries

  • Polished politicians

  • Corrupting contractors  etc


You won’t find amongst these


  • Farmers waiting for distant cloud – drought - suicide

  • Housewives waiting for jobless husband’s salary packet


You will find them praying for Anna Hazare and for the success of his crusade !


With  regards

hemen  parekh


Jobs  for  All  =  Peace  on  Earth

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