Discover and read the best of Twitter Threads about #crony

Most recents (8)

bit.ly/3c29b2d
Over two decades ago, in a most unjust and technically unsound and illegal decision, @AAI_Official expanded @mlrairport . We warned of disastrous consequences. None listened. All the way to @DGCAIndia , Karnataka High Court and also Supreme Court. /1
This is what happened: bit.ly/3QVkEiO

Despite this disaster, the #airport has turned into a major international hub. And thanks to @narendramodi, it has been gifted to @gautam_adani 's Adani Group. /2
Like several other #ports, airports and public #infrastructure have been.

The lack of #transparency of such transfers notwithstanding, it is now immensely disturbing that Gautam Adani gets to decide and impose #UDF. /3
Read 10 tweets
#USA is a free democracy, #India is a "partly free" democracy
#FOE Japan is a free democracy, India is a partly free democracy: Compare the ratio of critical/unfavorable articles, to favorable articles, in the top 3 news sources in Japan & India respectively, to find which press is freer! #SciMe 1st data, 2nd Analysis, 3rd Policy/views!🧐🤔
3/demo #Majoritarianism & freedom: Compare treatment of minorities in USA(non-christian), Japan(Korean etc) & India (Muslims): In particular plot over 70yrs th % of minority pop on same graph & compare decadal changes[summarizes it's discrimination(in cntry) & opportunities(ROW)]
Read 93 tweets
#AxisBank has raised 10000Cr via #QIP,at Rs 420.10,which is 5% discount to lower end of band

15000Cr,recently raised by #YesBank

In last 6 months,52000Cr raised by #Banks--#CapitalAdequacy will be key in dealing with post #Covid stress

Great move by banks to shore up Capital💪
#ICICIBank wanted to raise 15000Cr but got bids worth 62000Cr today at floor price of 351.36/-

Within few hours of opening,due to huge oversubscription,#QIP was closed

Clearly,there is no dearth of liquidity in the markets

90000Cr raked in by #DebtFunds in July'20
#GreenShoots
Lot has been written about #BoB's loss of 864Cr in June qtr,from 710Cr profit,YoY

Like i have been saying,most Banks now focus on #AssetQuality&not just Profits

BoB hiked #Provisions by 54% on standard loans,to cover for future losses

In 2013,Banks were doing the opposite😑
Read 7 tweets
The #EconomicSurvey2020 was released on Jan 31, 2020. The theme - "Wealth Creation". This thread provides a brief summary of each chapter in Volume I.

#Budget2020
#BudgetWithCDL

@FinMinIndia @nsitharaman @nsitharamanoffc @SubramanianKri
@FinMinIndia @nsitharaman @nsitharamanoffc @SubramanianKri #EconomicSurvey2020 bats for allowing the "invisible hand" to do its job. Market should only be supported and not attempted to be controlled by the government. #Budget2020 #BudgetWithCDL
@FinMinIndia
@nsitharaman
@nsitharamanoffc
@SubramanianKri
#Entrepreneurship is key to wealth creation and India's journey towards a #5TrillionEconomy. #EconomicSurvey2020 argues for continued and expanded support for entrepreneurs. #Budget2020 #BudgetWithCDL
@FinMinIndia
@nsitharaman
@nsitharamanoffc
@SubramanianKri
Read 11 tweets
This is your daily pension announcement: the democratic deficit edition. Well, some folks in NYC have taken an interest in Canadian pensions. A bit of a read, but they quote yours truly😀😀 #ABLeg #ABEd #handsoffmypension

organizing.work/2020/01/pensio…
"We are able now to take the $20 million of government savings by consolidating asset administration at AIMCo and put that to the front lines of the education system."

Premier Jason Kenney, Nov 25, 2019

That is a direct quote. #ABLeg #ABEd #handsoffmypension
Considering the ATRF just saved the GOA $20 million by cutting contribution rates I thought he would be all over the news saying he was throwing another $20 million into the front lines of education. No thanks to AIMCo. #ABLeg Did he really mean it?
Read 6 tweets
This is your daily pension announcement: let us herald the new year edition!!!!

As the turn of the year approaches let us sit back and see what other surprises the crap business case from AIMCo has in store for ATRF, LAPP, PSPP, and SFPP. #handsoffmypension #AbLeg #abed #crony
In the severely conflicted business case that AIMCo wrote they talk about how professional their Board is as a benefit. I think to myself "but ATRF has a Board of skilled and professional individuals." Then Travis says "hold my beer". #UCPcrony
Tomorrow (Dec 31) is the day that the ATRF Board appointments of Dr. Cathy Connolly MBA PhD ICD.d and Kareen Strangerlin CPA CA CFA CFP ICD.D expire. Travis chose not to reappoint them and instead appointed Rafi Tahmazian BA whose appointment begins Jan 1. #crony
Read 6 tweets
AI LIBBBBERALI 3d

quindi spiegatemi: se una concessione dice che

1) se il free risk va da 5% a 1% il tuo wacc rimane 10%

2) se investi o non investi la tariffa sale cmq 3x CPI perche non e' colpa tua ma della PA che e' lenta ad approvare
3) se un bene in concessione va in pezzi ed e' accertato che e' colpa del concessionario, lo Stato ti rimborsa il "full value" se te lo leva e magari ti chiede pure scusa

4) in ogni caso art 1467 CC non esiste

Beh dai benino.
Andate a cagare pero'
#crony
Read 3 tweets
This is your daily pension announcement: The war room at the Chez Meek is ready at action stations!! Here is UCP MLA Ron Orr (Ponoka) @RonOrrMLA reviewing the ATRF pension hijacking. I am going to have to go through this again... #ABLeg #ABEd

ponokanews.com/opinion/mla-ro…
First, I would like to commend @RonOrrMLA. He has definitely tried to dig into this complex and multifaceted issue. I am not being facetious. He has dug in deeper than most MLAs. I do need him to engage in some critical thinking and challenge Travis occasionally. #getthehistory
Ron should be concerned about re-electability. These pension changes are abusive in nature. You will please note that he does not comment on the wider changes to other public sector plans. I think police officers, fire fighters and others should communicate with Ron.
Read 29 tweets

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