Tuesday, June 11, 2013

Foodgrains stock, starvation and fate of the economy - Dr.T.V.Gopalakrishnan

..........The economy suffers in several ways for lack of imaginative thinking, planning and result oriented action. The food credit estimated at between Rs 70000 and Rs 90000 crores is nothing but a Non performing Asset of highest order which the economy cannot and should not bear. If these NPAs are added to the other NPAs of  banks the amount would be staggering and  it would not  be an exaggeration to say that the amount would be sufficient to wipe out the entire fiscal deficit...................

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