Was any payment to Adani delayed by any public sector bank or LIC? Just imagine if it was #Adani instead of ex-servicemen then how quickly this govt would have acted! "Since the petition was instituted, nearly 400000 pensioners have died awaiting to receive their due.
The payments were supposed to be made in 2019 and we are now in 2023, look at the gall of the officer issuing this communication. He arrogated to himself the power to modify the judgment of this court. This is extremely telling,” said Ahmadi, appearing for an
association of ex-servicemen. This is a new kind of nationalism in Modi's #NewIndia. Modi government is 24X7 available at the service of Adani! #OROP

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Ashish Barua आशिष बरूआ #MMT 📈📊📒💼

Ashish Barua आशिष बरूआ #MMT 📈📊📒💼 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @barua_ashish

Jan 7, 2022
If a private enterprise sees an opportunity to make profits it will take up the venture and will to the bank to borrow the money for the new venture. If the bank is convinced about the returns, it will grant banks ₹ out of the thin air(and this is NOT intermediation) and them to
the private enterprise. The bank does not calculate whether it has enough ₹ in its reserve account at the RBI(India's Central Bank) nor does it dig into the money deposited by people to provide loans to support the claims. If it needs more reserves later the bank will borrow!
In aggregate, then, the private banks decide how many bank-₹ are issued (based on their calculations for potential profits) and the #RBI responds by creating any new Reserve fiat rupees necessary to cover the resulting “clearing” processes in the system. The new Reserves are
Read 5 tweets
Jan 7, 2022
One of the key factors of the weakening of monetary sovereignty is external debt and it is connected to 3 main factors, which is true for almost all developing countries. First is the absence of food sovereignty, any country that imports a lot of food lacks economic sovereignty.
The second factor is dependence on the external sector for energy sovereignty, like India imports more than 80% of its crude oil requirement, and the third factor is the deficiency in industrial, that is a country that exports low-value goods and imports high-value goods. Now
the problem with India's manufacturing plan is that the country will be just an assembler for the world and importing all high-value content like machines and technology. Now, these three become the main sources of deprecation in the currency of the developing world, and if this
Read 5 tweets
Jan 4, 2020
@arthur_eckart @jlounsbury59 @AuburnParks @stf18 @mcgilcoli @FadhelKaboub @GaneshHegde7 @tonywestonuk @sashi31363 @StephanieKelton @tymoignee @pdacosta @GaelicTorus Hope you have gone through this part of the article as well - Here’s an example. As many economists have lately been pointing out, these days the old story about rising inequality, in which it was driven by a growing premium on skill, has lost whatever relevance it may have had.
@arthur_eckart @jlounsbury59 @AuburnParks @stf18 @mcgilcoli @FadhelKaboub @GaneshHegde7 @tonywestonuk @sashi31363 @StephanieKelton @tymoignee @pdacosta @GaelicTorus Since around 2000, the big story has, instead, been one of a sharp shift in the distribution of income away from wages in general, and toward profits. But here’s the puzzle: Since profits are high while borrowing costs are low, why aren’t we seeing a boom in business investment?
@arthur_eckart @jlounsbury59 @AuburnParks @stf18 @mcgilcoli @FadhelKaboub @GaneshHegde7 @tonywestonuk @sashi31363 @StephanieKelton @tymoignee @pdacosta @GaelicTorus And, no, investment isn’t depressed because President Obama has hurt the feelings of business leaders or because they’re terrified by the prospect of universal health insurance.

Well, there’s no puzzle here if rising profits reflect rents, not returns on investment.
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(