Discover and read the best of Twitter Threads about #FinanceMinister

Most recents (4)

#TheTalwarAmendment:
The rot afflicting PSBs had started in 1976 when the #SBIAct was amended to authorise the Govt to remove the SBI Chairman w/o citing any reason.

Prior to this, chairman couldn't be removed before completion of his term, w/o giving "sufficient ground".
1/n
This amendment to SBI Act is commonly known in banking circles as #theTalwarAmendment as it's sole purpose at that time was to remove #RKTalwar, the most illustrious chairman of #SBI, who refused to bow to a diktat of #SanjayGandhi, the most powerful politician at the time.
2/n
The complete story behind this amendment is given in a booklet "R K Talwar: Values in Leadership" by #NVaghul, the illustrious chairman of #ICICIBank, who started his career in SBI and had been mentored by none other than Talwar himself. The story briefly goes as under.
3/n
Read 18 tweets
#FinanceMinister has today unleashed the best shot so far in #Modinomics!

This is a Yug-parivartan move. Endless dimensions on which #NewIndia will be rocketing up now! 1/n
The battle on Black-money waged by @narendramodi Ji will now find a long term leash! No one was born to be a thief. High taxes motivated people to be. That motivation is diluted big time today! An honest, compliant, economic powerhouse of a #NewIndia is now enabled. 2/n
Everyone getting amazed that this Govt. is ready to earn less and spend more is totally wrong. #Modinomics magic is not yet understood. Laffer Curve clearly stands proven over 100s of years. Convexity of Tax-collection to Tax-rate is well know. 3/n
Read 9 tweets
Government, on August 13, issued a 'Scheme to provide a one-time partial credit guarantee to PSBs for purchase of pooled assets of financially sound NBFCs'. This scheme is a step in right direction towards solving the liquidity crunch that NBFCs are faced with. Thread (1/12)
It may be recalled that the Finance Minister, in her budget speech, had made an announcement to this effect. Thid scheme attempts to address temporary asset liability mismatches of NBFCs/HFCs so that they don't have to resort to distress sale owing to paucity of liquidity. 2/12
The major features of this scheme are:
A) It is a one time guarantee provided by GoI, for a period of 24 months.
B) The schemes is only applicable to PSU banks for first loss of up to 10%
C) Guarantee can be invoked if the credit rating of the pool goes to 'D' (default). 3/12
Read 16 tweets
"Apa Yang Kita Perlu Faham Mengenai Hutang Negara?"

Ditulis oleh: Ayman Rashdan Wong
(Ini adalah untaian)
#Malaysia #MalaysiaDebt #Debt #Hutang #FinanceMinister #MalaysiaBaharu #Ekonomi #GDP #Economy #EkonomiTerkini
Silakan retweet dan like
Tengok timeline penuh dengan ulasan tentang hutang negara, dari ulasan pakar hingga ulasan macam pakar hingga ulasan kalah pakar. Tangan den pun terasa gatal nak tulis, tapi memandangkan ini bulan Ramadan, jadi usahlah menimbulkan perbalahan.
Cuma, sebelum berbincang dan berdebat berkenaan hutang negara, ada beberapa konsep asas yang perlu difahami.
Read 20 tweets

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