The elite are working hard to create an army of Non-Player Characters (NPCs) - like those in video games. Exercise of agency can move us from beings cogs to game changers. And that is at the root of our civilization as we know it.
USAID is being dismantled. Contrary to what the moral busybodies declare, the aid infrastructure of the West has actively subverted other societies. Its only when it turned inwards with the same zeal that it is now being dismantled - brick by brick.
China's AI Open Source model - DeepSeek R1 has shaken the tech and geopolitical world. It has ramifications in many areas. We have analyzed every aspect of its impact.
Modi Government’s Insolvency and Bankruptcy Code (IBC) reform is at the heart of the fight against NPAs that the banks had amassed over UPAs 10 year rule. Even the new Chief Economist of IMF, Gita Gopinath, praised the GST and IBC reforms.
Tata Group’s Bamnipal Steel, (BNPL) – a wholly-owned subsidiary of Tata Steel – has completed the buy out of the debt ridden Bhushan Steel in a Rs 36,400 crores deal with a 72.65% stake. The impact of this was that the lenders almost recovered their principal amount.
“Lenders recovered almost entire principal loan of Bhushan Steel through Rs 36,400 crore transparent bid by Tata Steel and also got 12 per cent stake in the company,”
Now VTB-led Numetal has bid for the heavily indebted Essar Steel for Rs 37,000 crore in the second round of bidding! The other bankrupt corporates on the block are – Monnet Ispat and Energy for Rs 12,115 crore and Jaypee Infratech Rs 9,635 crores.
In total, the market is looking at Rs 1 lakh crores of NPAs to be resolved and returned to the creditors. Moneys that the banks had all but lost!
Until now, huge sums have already been recovered. Actually it is the coming together of many legal tools which has enabled such a situation.
In the fiscal ended March 2018, banks recovered Rs 40,400 crore worth of bad loans as against Rs 38,500 crore recovered in FY17. The various channels through which lenders recovered their bad loans include the Insolvency and Bankruptcy Code (IBC), SARFAESI Act, debt recovery tribunals (DRTs) and Lok Adalats.
There was a time when thousands of crores were lost by the banks and no one would care. Those losses used to be forever. This is first time in India’s banking history that moneys are coming back to the creditors and bank account holders for their benefit. Here are the banks which have the worst situations.
With this level of bank NPAs over the years look at how bad the situation is. How the government has handled the situation, the country may have a light at the end of the tunnel.
Over 400 million people are congregating in one city looking to find the truth about eternal and immortal life. They are seeking liberation. The greatest spectacle in human history is underway!
America's Justice Department and SEC have targeted India's Adani Group with a bribery case. Using Nationalistic sentiment doesn't help. Yes, law has been weaponized and India's sovereignty compromised but not how they think. A definitive guide to understanding the case.
Canadian Intelligence and political establishment have played Jekyll and Hyde games while using Khalistanis against India. The stories of omission and strategic misses are so spectacular that only collaboration can explain them.
Geostrategic engagements of Indian PM Modi and his cabinet suggest that India's actions are striking at the very root of the Deep State. That is why everyone from George Soros to his plant Donald Lu are busy planning. A deeper look.
