Reservation Policy. Sale Of Surplus: Fill & Download for Free

Hahahahaha.What the hack.Congress………. It seems to so funny that everything this government does, if go bad, Congress is responsible.Up to 2014, GDP was in the range of 7–8%.Afterwards, it was O.K till demonatisation back in November, 2016. Afterwards, it's sliding and sliding. India's economy is a very complex business. Dr. Manmohan Singh's Government was doing work silently, and GDP notched upto 8 percent. Even when world economy was in the severe slump, so-called corruption charges was there, oil prices were at the highest peak, and the Government was in collaboration, no full majority. The collaboration dharma creating trouble.Here we have had a full fledged majority, oil prices remained in the lower category, by and large, a good FOREX reserve, still GDP moving in the downward trend and is now at 5 percent or below. Actually after 2014, figures or methodology have been changed to count the GDP, otherwise as per the old method, the GDP may be very low.All marks are moving up in the wrong direction, unemployment percentage is 6.5%, highest ever in the last 45 years. Industrial output is down. Maruti Suzuki company, the car leader in India has lost its sales The August, 2019 figures shows a loss in sales on year-to-year basis upto 36%. A number of other car manufacturers have now shifted to single shifts or making loss. The inventories are piling up. The customers are not there to buy the cars. So are steel and cement and related industries, as housing sectors have large number of empty built-up blocks. Buyers are shying away. Only the Service Sector has shown some growth. But it is not that much to make a change in fortunes.Actually during last two- three years, since demonatisation years,.there is liquidity crisis, and even now it remain so. In the name of fear for inflation moving up, RBI squeezed the liquidity from market. There were collosal losses in banks. IL&FS also made the picture worse. 90,000 crores of rupees simply vanished in the air. Nobody knows not even the IL&FS brass knows what went wrong. The complex subsidiary business of this Financial institution in in mess. Now the investigation is on. But everybody know what comes out of these investigations. In india financial bungling in the eyes or law is a minor affair. Very seldom the culprits are caught and even if caught then effectively punished percentage is highly questionable. Noted economists and blog writers were cautioning RBI not to squeeze the monetary liquidity, but nobody listened, which had resulted now a fully ballooned crisis. The industries, builders, start-ups and common men, who are genuine people and are in actual need of liquidity to do some business, are devoid of liquidity gravely. According to a Niti Ayog Member, nobody is trusting in financial matters.In 2015 the banking NPA was 2 lakh crore of rupees, which has increased to the level of 11 lakh crore. Now who is in power, and who is responsible, any sane person may decide.And top of all, RBI has been made to cough out 1.76 lakh crore of rupees out if it's coffers. Its like silver selling for running a house. Some may say. RBI had always been giving Dividends to the Government on year-to-year basis. But on a genuine level, may be 20 or 30 thousand crores of rupees in a year. Not at such a huge level, where the Governors and Dy Governors are allowed to quit in protest. Nobody gave a damn. No Government in the past, (there were several non Congress Goverment in the past also,) had ever tried to cough out the money out of RBI in such a fashion. It is open everybody to see what is right or wrong.Some so-called arguments in this episode are.- RBI is sitting on a huge bundle of cash, which is non productive, RBI is maintaining a very huge buffer, which is not required now a days. RBI has too much autonomy.The argument of RBI was that this money is needed for a rainy day or some unseen natural disaster or enmity. Then Vimal Jalan Committee was appointed comprising of several ex directors, Governors and Government Officials. One Secretary, Economic Affairs did not heed to such a huge outgo of cash, he was shunted put, another favourable brought in. Urjit Patel,.Ex.Governor, RBI, objected to losing this money and autonomy, his arguments dis not prevail and he resigned in protest. He was allowed to go. Another ex.Secretary Fianace, who is a favourite from demonatisation days, made Governor of RBI. Even he could not agree to the out go or money, which this Government wanted. The suggestion was to part 33% of surplus funds or Rs. 3 lakh crores in one go.Some may say, we need money to spin the economy. But will the economy even now move upward ? This is a million dollar question. The signs are not there in the horizon till date. On the other hand, we are in war mode with our neighbour. This may also bring fresh burden on resources.Money from RBI will be used in what form, FM has not decided as yet. May be it used to fill in the gap of tax shortfalls, which is also coincidentally 1.76 lakh crores. Or some other schemes.Let us see in future, what lies ahead. Is it very difficult to day at this juncture. But certainly, it's not the doing of Congress Government or Dr Manmohan Singh,.Hon'ble ex Prime Minister and presently a Rajya Sabha Member. He is an esteemed economist, he moved economy upward in the head winds in 2008 economic catastrophy. A truly charasmatic leader. One must remember that India remained isolated due to its sound economic policies and judicious wisdom.

America started subsidizing corn as a way to reduce the price of food while supporting farmers. The program was instituted by former United States Secretary of Agriculture Earl Butz who served under Richard Nixon and Gerald Ford.Previously, American agriculture followed a Buffer stock scheme. To quoth Michael Pollan's 2003 NY Times article:Basically, the federal government set and supported a target price (based on the actual cost of production) for storable commodities like corn. When the market price dropped below the target, a farmer was given an option: rather than sell his harvest at the low price, he could take out what was called a ''nonrecourse loan,'' using his corn as collateral, for the full value of his crop. The farmer then stored his corn until the market improved, at which point he sold it and used the proceeds to repay the loan. If the market failed to improve that year, the farmer could discharge his debt simply by handing his corn over to the government, which would add it to something called, rather quaintly, the ''ever-normal granary.'' This was a grain reserve managed by the U.S.D.A., which would sell from it whenever prices spiked (during a bad harvest, say), thereby smoothing out the vicissitudes of the market and keeping the cost of food more or less steady -- or ''ever normal.''*However, in a response to rising food prices following sale of surplus grain to the Soviet Union, Butz encouraged farmers to grow as much crops (especially commodity crops like corn) as possible in order to drive prices down. The loans were replaced by direct payments to the farmers, which was the birth of the subsidy system we know today. Again, from the Pollan article,Butz implored America's farmers to plant their fields ''fence row to fence row'' and set about dismantling 40 years of farm policy designed to prevent overproduction. He shuttered the ever-normal granary, dropped the target price for grain and inaugurated a new subsidy system, which eventually replaced nonrecourse loans with direct payments to farmers. The distinction may sound technical, but in effect it was revolutionary. For instead of lending farmers money so they could keep their grain off the market, the government offered to simply cut them a check, freeing them to dump their harvests on the market no matter what the price.The new system achieved exactly what it was intended to: the price of food hasn't been a political problem for the government since the Nixon era. Commodity prices have steadily declined, and in the perverse logic of agricultural economics, production has increased, as farmers struggle to stay solvent. As you can imagine, the shift from supporting agricultural prices to subsidizing much lower prices has been a boon to agribusiness companies because it slashes the cost of their raw materials. That's why Big Food, working with the farm-state Congressional delegations it lavishly supports, consistently lobbies to maintain a farm policy geared to high production and cheap grain.Subsidized corn keeps food prices low (ignoring we pay for it with our tax dollars) and agribusinesses happy.I mostly answered the question as an excuse to get to name drop Earl Butz.*THE WAY WE LIVE NOW: 10-12-03; The (Agri)Cultural Contradictions Of Obesity

In Canada the reserve requirements will restrain a life insurer from becoming over- leveraged. If the addition of new sales is too brisk the insurer will exhaust its capital via transfers to reserves to back the current block plus the new block of in force policies. They may raise capital by issuing new shares but the growth rate have to be slowed quickly enough or the federal regulator here will ultimately force the company to be acquired by other insurers here in Canada. This has actually happened , most prominently with a Toronto company called Confederation Life which was incorporated in the 19th century. Management became overly focused on real estate ownership and commercial mortgages fueled by high inflation in the early 1980’s. They invested a high promotion of surplus into these two assets and placed the company at risk. The assets buyer, Maritime Life ( which was then owned by John Hancock) paid every claim regardless of size ( reinsurance remained in place at all times). The courts issued an injunction against any broker replacing in force policies. In fact, no Canadian policy issued by a federally supervised life insurer has never been unpaid due to insurer insolvency. There are not many life insurers who are financially supervised by a province so the record is actually stronger than the history of our banks.