Paul Koshy Profile picture
Feb 15 11 tweets 3 min read
India as a Nation is in serious danger because of @narendramodi 's refusal to discuss the China threat in the Parliament.

One can understand his compulsions. The debate would defuse his strongman image built through Lakhs of Crores of investment in media and gifts.
China's plan to expand its rail network in Tibet from the current 1,400 km to 4,000 km has serious implications for India's national security. Stretches of rail lines will run close to the Line of Actual Control (LAC).
This means that Chinese trains carrying thousands of troops can be deployed swiftly right up to the disputed India-China border; that gives the Chinese army a big advantage in the event of war as India does not have overland connectivity infrastructure on its side of the border.
Of particular concern to India is the planned railway line linking Xinjiang with Tibet. This line will run through the disputed Aksai Chin region and alongside the LAC in Ladakh, where the two armies have been locked in a tense standoff for more than two-and- a-half years now.
The Chinese occupation of Aksai Chin began with the building of a highway through this region in the 1950s.

It took this stealthy intrusion into Indian territory further in the 1962 war when it took control of Aksai Chin.
As mentioned in the editorial of DH today, the decades since has consolidated its occupation through rapid infrastructure building and deployment of troops.

Last year, China announced plans to build a second highway through Aksai Chin.
The planned railway leap forward in China's efforts to beef up its borders and cement control over Indian territory under its occupation.

China's rail network in the Himalayas has expanded rapidly. Railway line now run upto Shigatse near Sikkim and Nyingchi near Arunachal
China says its rail connectivity is to boost the economic development of Tibet's border areas.

However, their military potential is evident. Nyingchi, which is 16 km north of the LAC in Arunachal, is the headquarters of the PLA's 52nd and 53rd Mountain Infantry Brigades.
India is building roads close to the LAC. But there are no railway lines running to the border currently nor is any under construction. In the eastern sector, the government has announced plans to build rail lines, but these are just proposals.
It will be a long time before construction even begins. Meanwhile, the government has not even begun thinking about rail lines in the western sector.
Even if India and China do not go to war and China its railway infrastructure will come in handy for trans-Himalayan trade when that begins.

What should India's strategy be?

Solutions are possible if Parliament jointly works towards that.

Will that be possible under #ModiGovt

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More from @Paul_Koshy

Feb 12
India's budget places Health as a low priority component

Among these central sector schemes, the budget allocation for the National Health Mission is ₹29,085.26 crore in 2023-24, and for Pradhan Mantri Jan Arogya Yojna (PM-JAY), it is ₹7,200 crore which is around 1.29% of GDP
Government hospitals accounted for 17.3% of current health expenditure or recurrent expenditures for healthcare purposes excluding all capital expenditures, while private hospitals accounted for 28.7%.
The biggest chunk of current health expenditure was pharmaceuticals (33.8%), including prescription medicines as well as over the counter medicines.

Inpatient curative care accounted for 34.6% ;outpatient curative care- 18.9%, while preventive care accounted for just 9.4%.
Read 17 tweets
Feb 10
The share of tax collection that is NOT to be shared with States has been increasing.

This increase is on account of the policy changes that the Union Government has brought, such as:

[ Increasing share of non-sharable Tax Collection (%) 👇] Image
- Introduction of Special Additional Duty of Excise on Motor Spirit

-Road and Infrastructure Cess in 2020-21,

-Agriculture Infrastructure and Development Cess in 2021-22.
Because of these changes, in FY 2022-23 and FY 2023-24, more than 17 percent of central tax collection will be outside the divisible pool.

Hence States will not be able to get the full benefit of high growth of central tax collections.
Read 16 tweets
Feb 7
List of 28 people who looted money from Indian banks:-

1) Vijay Mallya
2) Mehul Choksi
3) Nirav Modi
4) Nishan Modi
5) Pushpesh Baidya
6) Ashish Jobanputra
7) Sunny Kalra
8) Aarti Kalra
9) Sanjay Kalra
10) Varsha Kalra
11) Sudhir Kalra
12) Jatin Mehta
13) Umesh Parikh
14) Kamlesh Parikh
15) Nilesh Parikh
16) Vinay Mittal
17) Eklavya Garg
18) Chetan Jayantilal
19) Nitin Jayantilal
20) Deepti Chetan
21) Saviya Seth
22) Rajeev Goyal
23) Alka Goyal
24) Lalit Modi
25) Ritesh Jain
26) Hitesh Nagendrabhai Patel
27) Mayuriben Patel
28) Ashish Suresh Bhai

The total amount looted is Rs.10,00,000 crores

Take notice, there's Something special about them....
Read 5 tweets
Feb 6
LIC publicly holds 96 stocks with a net worth of over ₹ 1, 24,366.2 Cr

Out of this it invested ₹30,127 Cr in Adani group assets. That's 24% of its total exposure in the stock market

The total Equity based mutual funds in India has invested just  ₹25,263 Cr to Adani Group.
Among the 44 MFs, SBI Mutual Fund had the highest exposure of ₹6,142 crore to the Group, with the biggest investment of ₹2,776 crore in Adani Enterprises, followed by ₹1,816 crore in Adani Ports & SEZ and ₹790 crore in Ambuja Cements.
Kotak Mahindra MF had an investment of ₹2,329 crore - ₹1,080 crore in Adani Ports & SEZ, and ₹661 crore and ₹495 crore in Ambuja Cements and Adani Enterprises, respectively.

Nippon India MF and ICICI MF have almost same exposure of ₹2,095 crore and ₹2,092 crore
Read 9 tweets
Feb 5
Mr. Harry Markopolos works as a forensic accounting analyst in US for attorneys who sue companies under the False Claims Act, other laws, emphasizing tips that result in investigations into medical billing, Internal Revenue Service, and United States Department of Defense frauds
Nathan Anderson @ClarityToast had worked with Harry Markopolos, the analyst who uncovered Bernie Madoff’s Ponzi scheme that robbed investors of as much as $65 billion.

Hindenburg Research LLC prepares its investigation report on a target company in six or more months
During the investigation they go through its public records and internal corporate documents, as well as talking to its employees.

The report is then circulated to Hindenburg's limited partners, who, together with Hindenburg, take a short position in the target company.
Read 14 tweets
Feb 4
As per the latest figures of the government, India has registered its highest-ever total FDI inflows of $84.84 billion in 2021-22.

India is one of the few destinations among developing economies for foreign funds to invest.
The Adani fallout risks damaging the country’s status as a top pick of foreign banks’ emerging markets desks.

India’s probity in corporate governance and Government's model of entrusting a few with running India’s infrastructure and soliciting investments abroad is in question.
If SEBI and Media are now empowered to probe any alleged wrongdoing then India could emerge healthier in the long term.

At a pivotal moment of Nation development, what #ModiGovt does next has very serious implications.

Millions of retail investors have lost money @AdaniOnline
Read 4 tweets

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