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Sunil Jain Profile picture
@thesuniljain
Feb 18, 2020 • 5 tweets • 5 min read • Read on X
Unless TDSAT gives verdict that ignores basic SC ruling,difficult 2 give PSUs relief @dpradhanbjp @rsprasad @narendramodi as little ground to treat PSUs differently
As @VodaIdea_NEWS moves to default,govt loss > revenue it can earn! #WhoWillInvestInIndia?
financialexpress.com/opinion/psus-s… Image
Pyrrhic victory for @rsprasad @narendramodi Huge hit to India's reliability as investment destination + Govt can at best hope to get ₹50,000-60,000cr from AGR dues as @VodaIdea_NEWS nears default but
banks & govt stand to lose large part of ₹2.7 lakh cr
financialexpress.com/opinion/psus-s… Image
Can @rsprasad @narendramodi explain what govt does with the 5% spectrum usage charge that is meant for rural telephony? How much of this has actually been used in rural areas?
@rsprasad @narendramodi Some say TDSAT will go by definition of revenue in the license and NOT by what is in the annexure. Read SC on it: "Gross revenue and AGR have been given the meaning coupled with the format and the Annexures which form part of the contract ..."
So PSUs may not get relief @rsprasad Image
@rsprasad @narendramodi Given how SC delivered killer blow to industry on the basis of a badly-drafted license agreement,imp investor-lesson: read all contracts very carefully,imagine the worst possible interpretation anyone can give & then invest in India since govt @narendramodi will NEVER bat for you

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More from @thesuniljain

Sunil Jain Profile picture
Jan 26, 2021
This is why negotiating with the farmers was always going to be an uphill task
They commit to one thing and then enough of them break rank and then push another demand
This is a hydra-headed monster we're dealing with and it is feeding upon the sympathy that many are giving it
I wonder if all the supporters of the farmers are feeling slightly ashamed of what they have unleashed
@capt_amarinder @RahulGandhi @INCIndia

Any blackmailer with force now has a copy book on how to cripple a government, Dear Supreme Court and others
Happy Republic Day!
What all the worthies who defended the farmers and blamed @narendramodi for 'rushing' the Bills without any discussion need to ask themselves is whether the blackmail by PamperedPunjab farmers would have stopped if there was more discussion in Parliament?
Read 8 tweets
Sunil Jain Profile picture
Jan 11, 2021
Now that Supreme Court will suspend @narendramodi farm laws till a panel it sets up decides the way forward, what are other laws -- including tax ones -- we can get suspended?
Just keep in mind that, to be successful, we need to b able to gherao capital, so need tractors, etc
If agitating Punjab farmers don't go back home once SC suspends @narendramodi farm laws,will SC ask its police to force them out of Delhi? Oh wait, SC doesn't have its own police force!
& if farmers or govt don't agree to panel reccos? Will India be run by SC's panels now?
#THINK
Supreme Court setting a dangerous precedent in wanting to put new farm laws in abeyance says @sarthakray

Disgruntled groups, with enough clout to gherao Delhi, can now challenge any law and get it kept in abeyance
financialexpress.com/opinion/suprem…
Read 13 tweets
Sunil Jain Profile picture
Dec 23, 2020
Apart from fact that late @arunjaitley had said court/arbitration awards would be respected as solutions to the @INCIndia retro-tax, Cairn case was examined by govt on many occasions prior to late #PranabMukherjee's retro tax, and issue of tax dues never raised Image
Delhi HC ruled against this last year,but taxman said Swiss firm Xstrata’s arbitration award against Dalmia Bharat was a 'windfall gain', as in lotteries, betting etc Was taxman admitting enforcing arbitration awards in India is a matter of luck, a lottery? Image
Unfortunate that India has challenged @VodafoneGroup arbitration award.
Confirms India has no respect for global arbitration & that contracts have ZERO sanctity @narendramodi
And why did late @arunjaitley promise that he would go by what courts/tribunals ruled on the cases?
Read 5 tweets
Sunil Jain Profile picture
Dec 23, 2020
MASSIVE WIN for @CairnEnergy though the markets seem to be confusing this with @CairnOilandGas which is a @VedantaLimited firm and had bought CairnEnergy's India business
Now to see if @narendramodi govt will pay $1.2bn damages
India's CREDIBILITY at stake
As in the @VodafoneGroup case, in the @CairnEnergy case too, the award was unanimous
that means even the arbitrator that the Indian government nominated voted against India
Apart from fact that late @arunjaitley had said court/arbitration awards would b respected as solutions 2 @INCIndia retro-tax, Cairn case was examined by govt on many occasions prior to late #PranabMukherjee's retro tax, and issue of tax dues never raised

financialexpress.com/opinion/govern…
Read 4 tweets
Sunil Jain Profile picture
Nov 30, 2020
The @capt_amarinder @RahulGandhi farmer agitation is about politics,not farmer rights!
Punjab is HUGELY pampered--almost all wheat/rice brought to market is procured at MSP versus 10-20% for UP and even less for others.Yet, state agri GDP growth collapsing financialexpress.com/opinion/this-i…
.@narendramodi be fair to ALL states, DIVIDE annual FCI-spend equally
Why should Punjab get so much FCI money when UP or other states produce more?
This is not a farmers' agitation, it is a Punjab agitation, critical to @INCIndia survival
@capt_amarinder can be next Cong chief✋
.@capt_amarinder @INCIndia @RahulGandhi DELIBERATELY distorted @narendramodi farm laws to suggest MSP being abolished
If any violence takes place,the CM is to blame
Even by the standards of politicians, this is a new low
BTW, MSP is KILLING Punjab, look at water table, salinity
Read 15 tweets
Sunil Jain Profile picture
Oct 1, 2020
Economy getting back to normal @SubramanianKri @nsitharaman
@SubramanianKri @nsitharaman
Read 5 tweets

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