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serves as the core of this evil. We all know that government returns their favour in the form of
cheap lands, gifts etc.
Vijay mallya has emerged as a poster boy who seems to be cocking a nook at the country even
when his business has fallen on hard times. Mallya owes Rs.9091 Cr. to 17 banks. One of the
biggest business tycoons, having a loan of millions of bucks and with so much pressure is still
living a luxurious life in foreign while on the hand Indian farmers are committing suicides just
because of a loan of meagre amount which they can't pay?. The load of non-performing assets,
failing banks, low GDP has still not broken the spine of the government and citizens.
"SUIT BOOT KI SARKAAR" as caricatured by Congress is experimenting a lot by inviting foreign
companies to invest in India but its own people have lost the faith in investing in the Indian
market. Given the tag of pro-rich government, the biggest problem with dole economics is
execution. Delivery mechanisms in the country are so flawed that benefits rarely reach people.
The Indian banking system is bogged down with gross NPAs of Rs.4 Lakh CR. at present 90% of
which are with public sector banks. I would sum up my topic by saying that this problem must be
solved as early as possible. Politicians should keep it in their mind that they can fool all the
people some of the time and some of the people all the time but they cannot fool all the people
all the time.
- RITWIK MEHTA