For all the people who are blaming Government for #EconomicSlowdown, Here is the reply
#JetAirways closed because of there own management default not because of economy slowdown
As all the flights of JetAirways fly with full occupancy and excellent time slot on each airports 1/N
#AirIndia did not make losses overnight
They are born with losses
#BSNL 54,000 jobs will shift to #Jio landline. It’s shifting of jobs and not unemployment
#HAL employees delivered Chetak helicopter to Indian navy before schedule and got huge orders
They are over booked. 2/N
12.76 lakhs houses unsold in 30 major cities because of over supply and changing job structure
New generation prefers to stay on rent instead of buying a house
Aircel is dead in 2013
JP Group finished in 2014. 3/N
Check the data of #ONGC.
They made profit of Rs.30,496 Cr. in 2019 compare to Rs.22,105 Cr. Last year.
36 largest debtors missing from country.
250 New Indians became billionaires and joined the club in last 2 years. 4/N
To quell employees anxiety ministry proposes to safeguard their wages and retirement benefit
Over 1.45 lakh employees, including 1,752 Group A officers of the Indian Ordinance Factory Services, are working in 41 factories, 9 training institutes, 3 regional marketing centres 5/N
As they say 5 Airports have been sold to Adani.
Let me clarify - Its not sold, it’s public private partnership.
Do you have any idea that who is running existing airports like mumbai Delhi etc? It’s all private companies like GVC, GMR etc. 6/N
VG Siddhartha Sucide due to huge debt - NO.
He has more properties than his debt, 19000 cr is the valuation of property and 9000 cr is debt
He didn’t suicide because of debt because Last month Coca-Cola bought stake in the CCD.
So the Reasons of suicide will be revealed soon 7/N
Toyota sold highest cars in last few years.
MG hector closed there booking as it was over sold.
KIA entered in India as there is a huge opportunity in market.
Mercedes, Audi on highest sales 8/N
To make people more aware about the transfer of ₹1.76L Cr from RBI reserves
Putting here some facts about it
🔹This decision was suggested by a 6 member Panel committee called Jalan Committee as it was called the Expert Committee to Review the RBI's Economic Capital Framework.
🔹RBI has 3 different funds namely -
✅Currency and Gold Revaluation Account (CGRA),
✅The Contingency Fund (CF) and
✅The Asset Development Fund (ADF)
Of which the CGRA is the largest RBI Reserve stood up at 6.91 L Cr, CF at 2.32 L Cr and ADF with smallest fund.
RBI basically maintains a Contingent Risk Buffer which mostly comes in the range of 5.5 - 6.5% in case of CF and 20 - 24% in case of CGRA of the RBI’s balance sheet.
At present the latest CF amount was about 6.8% and CGRA was about 23.3% of the RBI balance Sheet.