Banks should transfer the account to Special reconstruction cell after 90 days of non repayment. This cell should try to help out the entity by way of strategic business advisory like merger,changing business plan, etc for next 90 days then it should be treated as Non Performing Asset more
The neglect either willful or of lack of responsibility in identifying and analysing the Business within a fortnight of a quarter is the cause of increasing in NPAs and the suggestion of Sri Mandar Godbole is correct in many lines of activities like Accounting , Banking and, Financing which definitely need to have such check . The practice of allowing all at everybody ' s ethics even like the internal audit , , inspection , cost and quality control in addition to the basic and fundamental policies and directive of the above 3 [ accounting ; banking ; financing ] is the root cause of the ills and losses in Industry and Businesses as on date . We already had discussions on NPAs ; BUSINESS ETHICS ; CAs & ACCOUNTING ; BANKING & WRITE OFF LISTING BAD DEBTS ; and all these in addition to the discussions on Taxation , Trusts and Political Party Funds etc., are to be fast redressed and Reformed . more
Loans becoming NPA should be checked.Only recourse to banks for recovery is filing civil suits which entails long litigations.In many cases judges donot decree commercial rate of interest.This would benefit thge defaulter.Political interferance is also a problem."write off" culture must be stopped. more
India is a country with enormous Manpower resources and it took 1st place in the world surpassing China. India is said to be world's largest Democracy and growing economy. Even after o...
The real issues faced by the country since a long time: 1. No growth in Per capita income but only growth in GDP 2. Huge income disparities among the Citizens, no efforts to minimise the ...
I have no intension to Interfere in any ED procedure, neither am I any patent supporter of any Political group which I have repeatedly written in various online and offline portals. I ha...
Taking on the Topic of freezing any bank account on the con-text of vote: Vote to me is like any other game, where some opposite minded political groups contest against each other, ...
Headline in Economic Times 19th February 2024 “Niti Ayog Calls for Tax, Legal Reforms for Elderly”. What is surprising is that PM is Chairman of Niti Ayog but is probably not infor...
This bill was passed by Loksabha and Rajyasabha recently. Many political parties are not happy as the implementing process may take around two years. What surprises me is that, why these poli...
Women Quota Bill: The Long awaited women Quota Bill will be Tabled on September 20TH 2023. We women are no less, but we are still are very less in number in every Profession i...
Even though PM has been advocating SABKA SATH SABKA VIKAS SABKA VISHWAS, the reality is something else which he may not be even aware of. The Bureaucrats who are running the government have impleme...
As per news Government is considering changing Organ Donation Rules. I would like Govt. to consider the following suggestion: When a person meets with an accident and subsequently dies i...
Kill Senior Citizens ๐๐๐๐๐๐ Govt should kill all sr. citizens after the age of 65 because Govt is not ready to pay attention to these nation builders.This issue was raised in Parliament by Ho...
PM held roadshows and rallies in Karnataka requesting voters to vote for BJP. Unfortunately BJP lost. In my humble opinion the reasons for BJP losing are listed below: 1. Perhaps PM is not awa...
By MOHIT PANDE
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