A historical week that made seemingly impossible tasks possible

This week is historical for two reasons - First for our own Mission Mars that successfully reached the Orbit of Mars. Nothing much I would like to say on this as you must have read in depth what it means. This is something that we could not have dreamed even a few years ago. I would not say this is something this current government should be given the credit of. In fact it's something that we achieved after a long journey of our scientists and engineers who strive for this day and night around the year to make India a superpower in Science and Technology, specially space technology. All scientists at ISRO and allied institutions deserve special applause from the countrymen for the achievements they have made and put India in the league of top five nations.

Well the second one is also equally important. The Supreme Court's decision on Coal-gate scam will have far reaching effects. I don't know what pluses or minuses would come due to this decision. On one hand Government of India will have windfall gains when it auctions the 60 coal blocks so cancelled on current rates. On the other hand, immediately those who held these coal blocks would suffer badly as their investment in those blocks are quite heavy. Also they had taken big loans for the development of those blocks as we understand. Indian PSU banks have around 10 to 12 percent of their total credit to Power Sector including coals. Now already beleaguered Power Sector dealing with huge debt crisis would not be able to get enough coal to meet their production requirements for at least a year till the auction process of coal blocks is completed and further productions are started from those blocks and so supplies are resumed to this sector. Many more companies including the big ones are going to default their loans to these PSU Banks. Banks would suffer immensely due to this which is already facing the problem of higher NPAs and the sword of meeting the BASEL 3 Norms. This new crisis is again adding to their woes.

Well, overall environment in industry in the short term would be hugely regressive. But we can still have some positives from this. Rule of law prevails. Transparency will come and so investor confidence will return in few months. Things will improve and only honest and genuine players would return to business and those who were just involved in changing hands would take lessons from this.

Wishing all the best to our corporate honchos!

======================================================================== मित्रों यदि मेरा यह पोस्ट आपके दिल को जरा भी छू कर गुजरा हो तो मुझे विश्वास है कि आप मेरे इस प्रयास को लाइक दे कर मुझे और भी अच्छा लिखने की प्रेरणा, स्नेह और आशीर्वाद देंगे। आप अगर मुझे मेरे फेसबुक प्रोफाइल पर फॉलो करते हैं तो आपको मेरे शेयर किये सारे पोस्ट्स आपके नोटिफिकेशन्स में मिलते रहेंगे।