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Wednesday, May 13, 2020

DEVELOPMENT BANKS OF INDIA

  • https://www.microeconomicsnotes.com/banking/development-banks/list-of-8-important-development-banks-in-india/1780
  • WHY NOT  ISSUE FOR POST CORONA DEVELOPMENT OF INDIA 6 P.C. NON-TAXABLE BONDS IN DENOMINATIONS OF RS.100.250.500.1000,5000  TO MEET ALL THE IMPORTANT DEVELOPMENT PROJECTS  INTEREST PAYABLE EVERY 6 MONTHS TO THE HOLDER OF THE INSTRUMENT ?????????
  • .0.005 PERCENT INCENTIVE FOR THE BROKERS WHO PROMOTE AND SELL THESE BONDS.
  • BONDS TO BE ISSUED FOR 1000000 CRORES.
  • THESE BONDS ARE  SECURED BY THE GOVT.OF INDIA AND WILL HAVE 2050 AS THE MATURITY.
  • TRANSFERABLE ONLY TO FAMILY MEMBERS, HUSBAND WIFE AND CHILDREN AND NO ONE ELSE.
  • NOMINATION FACILITY ONLY TO FAMILY MEMBERS.
  • IN  CASE OF EMERGENCY AND THE NEED THE BANKS CAN OFFER A LOAN OF  50 PERCENT OF THE BOND  AT 8 P.C.PER ANNUM SIMPLE INTEREST 
  • VALIDITY LOAN PERIOD MAXIMUM TWO YEARS ONLY FOR BONDS VALUED AT RS. 5000/ ONLY OR BONDS TOTALING TO A MINIMUM VALUE OF RS.5000/-
  • THIS CAN BE MODIFIED AND ADJUSTED AS THE GOVT. THINKS FIT AND PROPER.
  • SUGGESTION GIVEN IN THE TRUE SPIRIT AND INTEREST ON THE PEOPLE WHO GOVERN INDIA NOW.
  • BONDS ARE TO BE ISSUED UNDER CENTRAL GOVT. ONLY AND NOT BY ANY STATE GOVT.FOR THAT MATTER. TO BE CENTRALIZED IN ONE PLACE.
  • Finance Minister Nirmala Sitharaman’s announcement on the Rs 20 lakh crore special Covid economic package today.
  • THIS TO BE DONE TO HELP EVERY INDIAN HELPING ANOTHER ONE TO COME UP IN LIFE AND MAKE INDIA SELF-SUFFICIENT.
  • SELF-HELP IS THE BEST HELP.
  • PEOPLE WHO CONDEMN, CRITICIZE LET THEM FIRST DO SOMETHING CONSTRUCTIVE IN THE INTERESTS OF INDIA DEVELOPMENT.
  • ANY ONE CAN PASS COMMENTS BUT GIVE  VALUABLE COMMENTS SUGGESTIONS AND JOIN THE EFFORTS OF THE GOVT. IN A BROTHERLY WAY.

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