vir retweeted
In Tonight's episode of giving gyan on a topic nobody asked. Maybe include the fact that this only comes into effect if both the BMRCL and the state government default on their payments.
As clarified earlier this year in Lok Sanha by the MoHUA it's the state govt who is paying
For all those who doesn't the understand what the "Guarantee" here is the bellow how it works of SPV's Government of India (GoI) manages the financial risk it takes when it helps a Special Purpose Vehicle (SPV) borrow money. An SPV is a separate legal entity created for a specific project (like a Metro rail line). Because these projects are massive and risky, banks are often unwilling to lend to an SPV based on its own credit alone. To make the loan possible, the GoI provides a sovereign guarantee, which is a legal promise that if the SPV fails to pay back the loan, the central government will pay it instead. The Guarantee Fee is essentially an insurance premium that the SPV must pay to the government in exchange for this promise. The government does not provide these guarantees for free because they create a "contingent liability" on the national budget. Under the rules , the mechanism works as follows: Rule 279 of the General Financial Rules (GFR), 2017, establishes the general principle that the government should only provide guarantees when absolutely necessary and that these guarantees must be backed by a fee. It ensures that the government is compensated for the risk it is absorbing. The Government Guarantee Policy, 2022, provides the modern operational framework. It specifies how the fee is calculated, how it is collected, and the conditions under which a guarantee is granted. It aims to ensure that the SPV remains financially disciplined and does not rely solely on the government's creditworthiness without contributing to the cost of that risk. In practice, when an SPV (such as those managed by BMRCL) raises a loan from a bank, the GoI signs a guarantee agreement. The SPV then pays a percentage of the guaranteed amount as a fee to the GoI, usually on an annual basis, until the loan is repaid.
vir retweeted
Funds with “sovereign guarantee" are not paid by the central government to add it up to the centre's share. It is ideally paid by BMRCL and hence the taxpayers of Karnataka. The same constituents who sent you to the Parliament. Have some shame.
Centre : Government of Karnataka
54 : 46
That's the Namma Metro funding split in BMRCL's approved financing plan!
For a total project cost of ₹77,891 crore:
54% - ₹41,558 crore attributed to the Centre, including ₹28,958 crore in sovereign-backing for foreign loans.
46% - ₹36,333 crore attributed to the Government of Karnataka.
The distinction matters. These foreign loans are arranged through the Centre, availed by BMRCL and serviced by BMRCL, subject to contractual support arrangements. They are not direct expenditure from the Government of Karnataka's budget.
Remember the numbers: 54:46.
vir retweeted
🤭
Dear Congress, your own home-loan analogy exposes you more than you intended!
Scenario 1: Your friend lends you ₹50 lakh to buy a house. By your own admission, you don't have the money to buy it without your friend's help!
Scenario 2: A bank agrees to lend you ₹50 lakh only because your friend stands guarantor. Clearly, that guarantee isn't just a signature on paper!
Now let us extend this very logic to Namma Metro.
BMRCL is a 50:50 Centre-State joint venture and the SPV executing the project. The ₹28,958 crore in foreign loans is arranged through the Centre, availed by BMRCL and repayable by BMRCL, subject to the agreed contractual obligations.
The money goes to BMRCL, not the Government of Karnataka. Yet Congress counts the entire loan amount as Government of Karnataka's own contribution! And you are misleading by conveniently hiding this fact.
That's where your analogy falls apart.
Before giving lessons in accounting, at least understand who arranges the loan, who borrows it and who is responsible for repaying it.
vir retweeted
Everybody loves talking about equality until the conversation reaches responsibilities. Women deserve equal opportunities, equal pay and equal freedom. Absolutely. But men also deserve equal consideration when discussing parental responsibilities, emotional expectations, financial pressure and relationship standards.
You cannot demand that society stop judging women by traditional expectations while defending traditional expectations for men whenever they're convenient.
Equality isn't a subscription where you select the benefits and ignore the responsibilities.
Why is equality still treated like a one-sided deal by some people?
vir retweeted
One of the biggest outcome of #DubbingInKannada is almost all heroes of kannada film industry stopped remaking. That was the huge win....
vir retweeted
Millennials are the most punished generation for being obedient, we followed every rule, went to school, took the debt, got the job and the reward was a recession, a pandemic, unaffordable housing, and being called entitled for wanting to survive. we didn’t fail the system. The system cashed our checks and ghosted us. compensate us.
vir retweeted
Will #Ramayana encourage other industry movie makers to dubb their movies it in Kannada and promote and release it in grand scale ? After seeing the gigantic Karnataka market, will they utilise this business opportunity? What’s your thought on this ? #kannadadubbing
vir retweeted
They had already changed his character before 2010.
Initially, he was introduced as someone who had moved to Mumbai from a village in Gujarat. He was essentially portrayed as a village bumpkin, with little regard for manners or civic sense. He would mock people and, at one point, even advocated child marriage for his grandson. As Bhide famously called him, a "beshista mhatara".
Then, quite suddenly, he was transformed into the society's moral compass: someone everyone looked up to for advice on moral and social issues.
I suspect the makers got the memo from political circles about not portraying a Gujarati villager in a negative light, especially given that this was around the time another Gujarati from a village was rising to prominence.
