Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Saturday, 1 August 2015

Non Performing Assets ?

Central Government just announced a package of Rs 70,000 Crores for re-capitalization of Public Sector Banks ( PSB ) , spread over 4 years

PSBs are carrying on their books , NPA ( Non Performing Assets ) of some Rs 2.8 Lakh Crores ( 70 % of Rs 4 lakh crores for all banks )

NPA is a euphemism for bank-loans given to rich businessmen / industrialists , who are refusing to re-pay !

Apart from defaulting on loan repayments , some 17 of them are even defaulting to pay up Rs 2.14 lakh crores worth of Income Tax !

From where is Central Government going to get those Rs 70,000 crores ?

From my tax money 

I cannot complain  !

Because , if the Government did not dole out this largess , then those banks may declare bankruptcy 

And I will lose all my savings and fixed deposits  

Better to pay some tax than lose my life's savings !

But what about those tax-payers who have no bank savings worth protecting ?

Why must they be punished for " Crimes of Commissions and Omissions " committed by :

>   Lax ( or conniving ? ) Bank Managers who gave out those loans without 

     sufficient collateral or dragged their feet on recovery ?

>   Loan Defaulters who siphoned off the loan money in personal accounts or

      undeclared assets , with impunity  ?

>   Law Makers who failed to pass iron-clad acts with stringent penalties for 

     willful defaulters  ?  

In the meantime , some 17,000 farmers continue to commit suicide EVERY YEAR , for being unable to repay bank loans of a few thousands of rupees  !

And the worst part is :

History will repeat itself , all over , 10 years from now !

Vested interests will ensure " statusquo  ante " !

---------------------------------------------------------------------------------

hemen  parekh

02 Aug  2015

B2BmessageBlaster

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Make    Yourself    Heard

Dear Visitor :

It is time for YOU to speak up - and demand that YOU are heard

By emailing this suggestion - incorporating your OWN improvements - to the following Policy Makers

(  Just multiple copy all the following Email IDs into the Recipient column of your Outlook and Copy / paste this suggestion in the Message Box ) :


    narendramodi1234@gmail.com; 38ashokroad@gmail.com;ajaitley@del5.vsnl.net.in; jayant.sinha19@sansad.nic.in;piyush.goyal@gov.in;nitin.gadkari@nic.in; spprabhu1@rediffmail.com;bandaru@sansad.nic.in;smritizirani@nic.in;nsitharaman@nic.in; ravis@sansad.nic.in;sureshprabhu@irctc.co.in;prakash.j@sansad.nic.in;secy-ipp@nic.in; amitabh.kant@nic.in; shaktikanta.das@nic.in; rsecy@nic.in; adhia1981@gmail.com; ceo-niti@nic.in; atul-chaturvedi@nic.in; uma.bharati@sansad.nic.in; d.pradhan@sansad.nic.in; rprudy.office@gmail.com; rudypr@rediffmail.com; eam@mea.gov.in; mosvks@mea.gov.in; mvnaidu@sansad.nic.in; mnaqvi@sansad.nic.in; rao.inderjit@sansad.nic.in; mljoffice@gov.in; sadananda.gowda@sansad.nic.in; ministerminority@gov.in; najmah@sansad.nic.in; minister-ca@nic.in; ramvilas.paswan@sansad.nic.in; gandhim@sansad.nic.in; akumar-alpha@sansad.nic.in; jpnadda@sansad.nic.in; hm.moca@nic.in; geete@sansad.nic.in; simratbadal@yahoo.com; ns.tomar@nic.in; rmsingh@sansad.nic.in; tc.gehlot@sansad.nic.in; dr.harshvardhan@sansad.nic.in   



  



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