Kaany, you should counter my argument instead of telling that it is base less. An Economist will never do this.
And I am telling you, this is exactly what the FM was thinking on loan waiver.
Tell me first, as to from where he is proposing to get the money. Has the FM told as to where he would get this money from?
Secondly, tell me as to what the RBI's guidelines for Bad Debt and what has been the consequence of such measure in all these years. Tell me as to how these bad debt was provisioned. If you do not know, ask a banker. Have the Banks waived all these money themselves? Or are they asking those borrowers to pay back?
You are telling this is a baseless theory. A theory nonetheless, is not it? What is your theory?
What is your own analysis is on it? I am sure you have none.
And please tell me as to how I will accept as my analysis is wrong. Just because you told so?
