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Gujarat depositing 1lakh crores in world bank is just hype and fake news


Posted Date: 11 May 2012      Posted By:: spring     Member Level: Bronze    Member Rank: 6638     Points: 5   Responses: 1



Please don't fall for cheap HYPE and over exaggerated news on gujarat. Don't accept the fact without any proof or report coming from valid source.

the reason i am posting is that it is total bullshit that gujarat deposit 1 lakh crore in world bank. Show us the proof if you have any? second question comes, why deposit money in world bank.

No wise leader or country deposit money in world bank, which pay less interest.

Second question, if state is excess with money, why don't they invest in SBI, state bank of India, why foreign bank. DO you seriously believe when all state present budget with 10-50% deficit can accumulate 1 lakh cores. Bullshit story to fool people and it is going on for quite a long time and many fall victim or brainwashed. if you are clever or have own brain, ppl won't fall for these kind false HYPE!

why would you invest money in foreign country when rupee are falling every day. One has to be very foolish to deposit money in oversea, because it will worth 10-20% less after rupee depreciation and other cost.

finally i give you link and state which show guajrat own 8809.4crores as loan as of 31/3/2012 (link http://finmin.nic.in/stateloan/outstanding_balances.asp?select1=104&month1=3&Year1=2012&startdate=&enddate=)

Outstanding Balance

O/o Chief Controller Of Accounts: Department Of Expenditure

Outstanding Balances As on 31/3/2012

State Name:GUJARAT

Financial Year:2011-2012

Last updated: Saturday, March 31, 2012

(Figures in Rs. Crores)
S.No. Scheme Name Balances
As on
1 April 2011 Releases
Up to
31/3/2012 Total Principal
Received
Up to
31/3/2012 Prepayment
Adjusted
Up to
31/3/2012 Net Balances
As on
31/3/2012
1. ACCELERATED POWER DEVELOPMENT PROJECTS 45.5 0 45.5 3.2 0 42.2
2. ACCELRATED IRRIGATION BENEFIT PROGRAMME 395.9 0 395.9 28.3 0 367.6
3. ADDITIONAL CENTRAL ASSISTANCE 49.6 0 49.6 3.5 0 46
4. ADDITONAL CENTRAL ASSITANCE FOR EXTERNALLY AIDED PROJECT 1703.9 0 1703.9 92.5 0 1611.4
5. Consolidated Loans 12th Finance Commission 6293.6 0 6293.6 471.9 0 5821.7
6. LOANS AGAINST EAP BACK TO BACK BASIS 310.2 187.9 498.1 0 0 498.1
7. LOANS AND ADVANCES 12.9 0 12.9 0.9 0 12
8. NORMAL CENTRAL ASSISTANCE 401.3 0 401.3 28.7 0 372.6
9. PM GRAMODYOG YOJNA 40.7 0 40.7 2.9 0 37.8
Grand Total 9253.6 187.9 9441.5 631.9 0 8809.4




Responses

#316134    Author: spring      Member Level: Bronze      Member Rank: 6638     Date: 11/May/2012   Rating: 2 out of 52 out of 5     Points: 1

Please judge yourself. this stats is from India government website.

---------------------------------------------------

Repayment Schedule For State (Loan Wise)

O/o Chief Controller Of Accounts (Department Of Expenditure)

Repayment Schedule For State (Loan Wise) For The Financial Year: 2012-2013

Last updated: Saturday, March 31, 2012
S.No Name of State Outstanding Balance As on 01/04/2012 Repayment Due
1 ANDHRA PRADESH 2,85,98,81,95,984 0
2 ARUNACHAL PRADESH 7,20,51,54,938 0
3 ASSAM 34,32,09,95,245 0
4 BIHAR 1,51,98,47,37,476 0
5 CHHATTISGARH 40,77,19,12,620 0
6 GOA 8,11,58,00,155 0
7 GUJARAT 1,80,04,34,67,297 0
8 HARYANA 38,28,13,47,332 0
9 HIMACHAL PRADESH 17,02,78,12,685 0
10 JAMMU & KASHMIR 0 0
11 JAMMU AND KASHMIR 29,42,99,46,184 0
12 JHARKHAND 43,37,93,82,896 0
13 KARNATAKA 1,70,34,91,27,358 0
14 KERALA 1,02,65,72,91,097 0
15 MADHYA PRADESH 1,76,43,15,67,975 0
16 MAHARASHTRA 1,43,88,51,67,420 0
17 MANIPUR 21,39,61,04,380 0
18 MEGHALAYA 5,51,75,34,000 0
19 MIZORAM 5,55,12,75,191 0
20 NAGALAND 5,59,87,94,739 0
21 NCT OF DELHI 0 0
22 ORISSA 1,47,30,43,85,775 0
23 PONDICHERY 0 0
24 PUNJAB 97,11,87,24,615 0
25 RAJASTHAN 1,26,76,56,17,807 0
26 SIKKIM 2,99,61,38,270 0
27 TAMILNADU 1,41,35,47,81,888 0
28 TRIPURA 8,04,85,10,036 0
29 UTTAR PRADESH 3,80,48,60,35,137 0
30 UTTARAKHAND 6,24,18,03,946 0
31 WEST BENGAL 1,92,69,66,75,045 0
- Grand Total 25,70,94,82,87,491 0


 
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