Thread by @roamingraman

1/ Thanks to @go4avinash via @kiranks @wataboutery

Friends, i have came across a post of 28 Fake, Half, Misleading claims, portraying negative picture of Indian Economy. Post was delibrately putting GoI in bad light with Misleading claims. This Propaganda Post is doing

2/ rounds on Social Media. I have tried to answer all points one by one. Please go through those.

1 - Jet Airways closed

Half News : Jet Airways will temporarily shut down operations, it is not permanently closed as projected (Read the official statement of Jet). Jet

3/ Airways has about $1.2 billion in debt. Matter will be resolved by Bankruptsy & Insolvency Law. However Jet is private company and Goi is not responsible for hefty loans thata private entity took at its own.

2 - Air India in Rs 7600 crore loss

Ex-minister Praful Patel

4/ forced Air India to buy excess aircraft on Aug, 2, 2004. Air India's purchase order from the original proposal of 28 aircraft to 68 at a stupendous cost of Rs 50,000 crore. It started making huge Losses thereafter. Till the 2003-2004 fiscal, AI was making a profit of

5/ around Rs 105 crore. Air India's Net loss was (-ve) 7,560 Crore in FY 2013-14 itself.

3 - BSNL 54,000 jobs in danger

Fake News : On 03/04/2019, CMD of BSNL, 'Anupam Srivastava' has already denied any media report of Laying-Off employees. It is all Fake propaganda by

6/ lutyen's media.

4 - No money to pay salary for HAL employees

Half News : Yes, HAL borrowed 1,000 crore for salaries, It was cash cruch for particular month as dues towards old orders were not released. HAL has booked record turnover of 19,705 Crore in FY 2018-19, its

7/ lifetime high. Profit up by 15%. The company’s order book position as on March 31, 2019, was Rs 58,000 crore. Over 50,000 order of 83 Tejas Mark 1A is “in the pipeline”.

5 - Postal departent loss of Rs 15000 crores

Misleading News : India Post's has Not booked 15,000

8/ crore Loss as claimed. Its 'Annual Deficit' which has touched a staggering Rs 15,000 crore in FY19, thanks to high pay-and-allowance costs, now at over 90% of its annual revenue. We must know that there is hefty increase in Salaries & Allowance after 7th pay commission. In

9/ FY 20, the expenditure on salary and allowances for its massive 4.33 lakh workforce is expected to pegged at Rs 17,451 crore while pension outgo is expected to be around Rs 10,271 crore.

6 - 1 million to be laid off in Auto Industry

Fake News : Yes for sure there is

10/ temporary slowdown in auto Industry from last 3 months. There is claim that slowdown may shaved off 10 lakh jobs. We must know that as per Data released by Society of Indian Automobile Manufacturers (SIAM) shows that 1.43 Crore JOBs have been created in Transport Sector

11/ alone in last 5 Years. Automobile, Domestic Sales have increased by 42.58% & Exports have increased by 48.82% in last 5 years, 2013-14 v/s 2018-19 as per SIAM figures.

7 - 12.76 lakhs houses unsold in 30 major cities

Half News : Over 12.76 lakh houses are lying unsold in

12/ India's top 30 cities, compounding the problems of the real estate sector already grappling with a severe liquidity crunch as non-banking finance companies (NBFCs) have curtailed lending to developers following the collapse of IL&FS last year. NBFC's are private entities.

13/ GoI is no way directly responsible however matter will be resolved via Insolvency.

8 - Aircel is dead

UPA Blunder : Aircel is dead coz of P. Chidambaram, Karti Chidambaram & then telecom minister, Dayanidhi Maran. The Aircel-Maxis deal gained popularity after Aircel

14/ owner C. Sivasankaran lodged a complaint with the CBI alleging that he was being pressurized to sell his stakes to Maxis in May 2011.

9 - JP Group finished

Misleading : Jaypee Infratech, a subsidiary of Jaypee group flagship firm Jaiprakash Associates Ltd (JAL), is

15/ undergoing an insolvency proceedings. It is again Private Entity and goi is not directly responsible for Debts that private entity took. Jaypee Infra accused of ‘fraud’ in insolvency court. Modi government is trying to resolve the debt issue via Insolvency.

10 - Most

16/ profitable company in India - ONGC is now making losses

Fake News : ONGC overtakes IOC as most profitable PSU after profits jump by 34% in FY19. According to earnings statements of the listed companies, Oil and Natural Gas Corp (ONGC) reported a 34 per cent jump in its

17/ 2018-19 fiscal net profit to Rs 26,716 crore.

11 - 36 largest debtors missing from country.

Fake News : Yes, few debtors have left the country as there was No Law to stop them. Modi Government have brought Fugitive Offenders Law, now debtors are stopped at airport from

18/ Flying Away. Peoperties have been getting seized by ED & IT departments,for those who have already left.

12 - Rs 2.4 lakh crores loan waive off to a few corporates

Propaganda : No loan is Waived-Off. Correct word is, 'Written-Off'. Writing off a loan or asset means

19/ considering that it does not have future value or no longer serves the purpose. A non-performing asset is written off after all avenues of recovery are exhausted and chances of recovery of due loan seem remote. To clear the balance sheet, all such kind of loans are written

20/ off once for all. In last 10 years total loan worth of 7 lakh crore have been written-off. Bad Loan is declared as NPA, but that doen't mean it will not be recovered. Modi government have recovered over 4 lakh crore NPA in last 5 years.

13 - PNB continous losses.

Fake

21/ News : NPA was anyways UPA mess, by the way PNB back in the black with Q1 profit of Rs. 1,019 cr in FY 2019-20, compared to a net loss of Rs. 940 crore it recorded in the same quarter last fiscal.

14 - All banks incurring huge losses

Useless Point - Not all Banks

22/ incurring huge losses. Loans of banks jumped to `52 lakh crore from 2008-14 from Rs 18 lakh crore in the previous six decades. Bad loan is UPA mess, most of those loan were restructured multiple times and lastly they ended with NPA. Post R3 left RBI, Modi government

23/ presurised RBI to delare all the mess created by UPA.

15 - External debt on country 500+ Billion Dollars

Half News : GoI 'External Debt' is increased by 13.4%, during Modi's tenure, i.e from 440 Bn$ in 2014 to 500 Bn$ in 2019, while India's 'External Debt' increased by

24/ whopping 307.10% during MMS tenure, i.e from 108 Bn$ in 2004 to 440.60 Bn$ in 2014.

16 - Railways on sale

Fake News : It actually news to me. i am sure that idiot has inserted this point in. Railway minister Piyush Goyal has set a target of doubling the national

25/ transporter’s revenues to Rs 4 lakh crore by 2025 to make it profitable by then. Freight Coridors are getting completed and it will increase the revenues multifold.

17 - Rent Heritages including Red Fort

Misleading : It is being done under Adopt A Heritage’ scheme for

26/ better care and management.

18 - Largest car maker Maruti cuts production

Repeat Point : Production is cut as BS-IV vehicles will Not be registerd post 2020.

19 - Rs 55000 crores car inventory lying at factories, with no buyers.

Repeat Point : Figures have come from,

27/ 'National Herals' only. As per Motor Vehicle Act BS-IV vehicles will not be registerd post June 2020. customer is cautioned for that cause. Cars will surely be upgraded as per latest BS specifications. Rest i have already, explained in Point no. 6.

20 - Builders all over

28/ stressed. Some committing Suicide, no buyers Construction Stopped due Mat cost rise (GST at 18% to 28%)

Fake News : Builders are in stress due to Demonetisation factor & Benami Act. There is Not much 'Black Money' in market. moreover as GoI has made it mandatory for

29/ Registration of Property at Circle Rate alogwith Tri Party aggrement are not allowed now. GST Council approves transition plan for 5% rate for under-construction flats, and 1% for affordable housing. By the way Media people are comfortably ignoring one aspect as 'Home loan

30/ Rates' have been drastically reduced in last 5 years.

21 - OFB under corporatization affecting over 1.5 lac employee & families.

Fake News : Defence minister has already cleared the air that there is no propsal for privatise OFB. Lutyens Media dalal's are spreading

31/ rumours.

22 - Millions unemployed due to Demonetization

Fake News : There is no concrete analysis or report on this claim. Tax Base increased by 1.26 crore taxpayers post Demonetisation. Over 2.24 crore worth of 'Black Money' had been captured / admitted / detected /

32/ came back post IDS & due to Demonetisation.

23 - Highest unemployment in 45 years.

Fake News : NSSO didn't release any Report on 'Unemployment'. Sampling for one quarters was leaked without verification and validation. there were 3 blunders into it. 1st 'Urbanisation

33/ Figure' - The PLFS reports an urbanisation rate (a ratio) of 2017-18 of 29.3% compared to an estimated 31.2% in the NSSO’s own survey for 2011-12. 2nd 'Overall Population' - The estimate for overall population in 2017-18 is off the charts - i.e, too low. The NSSO 2011-12

34/ survey reported a population of 1088 million; in 2017-18, it reports a population that is 14 million less, which was not possible. 3rd 'Sampling Method' - NSSO decided to radically change their sampling method. In 2017-18 it was 'Educational Attainment' rather than

35/ 'Household per Capita Consumption'. Employment of less educated ones was Not counted in.

24 - 5 airports sold to Adani.

Fake News : Airports are anyways operated by some 3rd party. GVK & GMR are operating airports since long. Adani wins bids to operate 5 AAI airports,

36/ simple. It was done through proper tender. Lutyens media is unnecessarly trying to make propaganda out of it.

25 - Highest domestic stagflation.

Fake claim : 'Stagflation' is a condition of slow economic growth and relatively high unemployment, or economic stagnation,

37/ accompanied by rising prices, or inflation. 'Inflation' is not rising for sure. Economic Growth is also not slow except last quarter. This claim stands null and void.

26 - Record HNI individuals leaving india.

Half News : Record, 61,000 millionaires left India in between

38/ 2000 to 2014. Yes, 23,000 millionaires have left India since 2014 to 2018 as well. According to a survey by IIFL Wealth Management and the U.K.-based Wealth-X, As of 2016, India had 284,140 dollar millionaires. count of HNI's will be increased to 5,00,000 in next 5 years.

39/ 27 - Videocon bankrupt.

Misleading : Videocon Industries (VIL) and Videocon Telecommunication (VTL), the two main group companies, owe lenders, led by State Bank of India (SBI), Rs 59,451.87 cr and Rs 26,673.81 cr, respectively, which adds up to a whopping Rs 86,125.68

40/ cr. Those turned into NPA. Loans were granted during UPA tenure itself. CBI had charged ICICI Bank Managing Director and CEO Chanda Kochhar, her husband Deepak Kochhar and Venugopal Dhoot, in a loan scam, criminal conspiracy and cheating. Videocon is also a private entity.

41/ 28 - Tata Docomo perished

Misleading : Tata docomo is Private entity, how come GoI is directly responsible for it. Fact remains it was 2G Scam of UPA Government which landed Telecom Sector in a mess.

Please share this to the maximum, so that other people may also know

42/ the complete truth of misleading claims.

✍ #AvinashSrivastava

#FakeNews #HalfNews #MisleadingNews