Nidhi Razdan is schooled about ‘loan write off’ and the ‘recovery process’ with a simple example

The media has been mixing up loan waiver and loan write off for the longest time. In fact, even Rahul Gandhi has peddled this lie multiple times even after being corrected. So when Nidhi Razdan, who is famous for conducting an entire debate based on fake news, furthered the same lie again, Twitter user and CS Ashutosh Muglikar felt compelled to explain the basics to her with a simple example.

It all started with this tweet where Nidhi Razdan insinuated that if 90% money from Non Performing Assets haven’t been recovered, it means they might never be recovered.

- Advertisement - - Article resumes -

To this, Ashutosh Muglikar pointed out Nidhi’s flawed logic.

He then proceeded to explain the concept with a simple example. He took the example of two friends, Ramesh and Suresh. He explains how Suresh borrows money from Ramesh at a 10% interest against security of his bike and scooter. They money was then invested in his business.

He then explains a scenario where Suresh is unable to pay the amount. While Ramesh asks for the money back several times. Frustrated, Ramesh, in accordance with RBI rule, provides for the outstanding amount as a loss.

Ramesh then ‘writes off’ the amount in his books and goes to the court to recover his money. After a while, he sells the scooter kept by Suresh as security and recovers Rs 10,000 from the Rs. 60,000 that he is owed.

He postulates that while this entire process is on, a channel like NDTV starts screaming about how only 10,000 has been recovered and in their inimitable style, ask for the resignation of the Prime Minister.

He goes on to explain the court proceedings. Says that a man approached Ramesh with an offer to buy the entire company for Rs 40,000 and eventually, Ramesh decides to forgoe his ‘unapplied interest’ and recover whatever money he can.

He then explains how NDTV and Nidhi Razdan’s logic is hollow and their shrill noise about how the money can never be recovered are nothing but uninformed opinions.

We can only hope that with such a simple illustration, we can only hope that people like Nidhi Razdan and Rahul Gandhi are able to grasp the nuances.


Share This Post and Support:
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Most read articles recently

Pakistan funded Islamic terrorist blows up 300 kgs of IED, actor brings ‘Hindu right wing’ argument to shield Pakistan

Jaaved Jaaferi refuses to hold Pakistan accountable for the attack, instead equates Hindus with Jaish Terrorists.

Dear Gujarat Samachar editor, how do you live with yourself?

Gujarati daily's insensitive headline over Pulwama attack has got readers upset

Delhi’s education minister deletes tweet after being educated about electricity supply to Pakistan by Adani

Sisodia, without apologising or issuing a clarification, chose to quietly delete the tweet after being called out

NDTV suspends Deputy News Editor for celebrating Pulwama terror attack, may take further action

NDTV Deputy News Editor Nidhi Sethi suspended by the channel for her Facebook comment celebrating the Pulwama attack
Days after Pulwama attack, Kamal Haasan toes the Pakistan line

Kamal Haasan demands ‘referendum’ in Kashmir, terms Pakistan Occupied Kashmir as ‘Azad Kashmir’

Days after Pakistan sponsored Pulwama attack, Kamal Haasan has echoed the sentiments of terrorist state Pakistan when he sought a 'referendum' in Jammu and Kashmir

JNU ‘student’ who was accused of stealing funds in Kathua case found spreading rumours about Kashmiri girls trapped in Uttarakhand

CRPF also issued a notice that certain 'miscreants' on social media are spreading rumours and hate on social media
Congress mouthpiece National Herald whitewashes Pulwama terrorist Adil Ahmed Dar

More stories about terrorist and his family than martyrs – what does it tell about the media?

The English language Indian media has focused more on ‘human stories’ about the terrorist than about the Pulwama martyrs.

Pulwama attack: Justice doesn’t give a tiny rat’s furry posterior about the sensibility of elites who go where the money takes them

Pulwama attack victims' mortal remains weren't even cold yet. The candles lit by the nation has not even been blown out by a sorrowful sigh of the nation, that the vultures started circling the remains

Pulwama attack: Foreseeing strong and fast reaction from India, Pakistan relocates its terrorists nearer to Pak army camps

As per the report, Pakistan has not even vacated the winter posts along the LoC which it usually does.

Man whose number was made public by Barkha Dutt for stalking, claims he is getting threatening calls, says didn’t abuse Barkha

In her tweet, Barkha demanded the Home Minister of the country, Rajnath Singh, himself intervene in the matter which is routinely dealt with by local Police.

Latest articles

Connect with us

137,223FansLike
110,030FollowersFollow
23,029SubscribersSubscribe

Don't miss these