Here are seven uncanny questions on our collapsing economy that the government needs to answer
1 What is the foreign exchange holdings abroad of BIRLAS, TATAS, RELIANCE AND THE REMAINING TOP TWENTY EXPORT HOUSES OF INDIA AS ON 31,July 2013?
2 How many of them indulge in treasury operations in India directly or through their finance companies?
3 What is the pattern of financing of foreign investment of India of over 110 billion dollars: that is a) how much has been financed by the Indian commercial banks; b) how much by foreign banks situated outside India and inside India; c How much of it through self financing but converted into FE and sent abroad for investment?
4 Is there any laid down format to monitor the performance of these foreign investments by Indian companies?
5 What has been the rate of return on these billions that have been invested by Indian companies abroad? How much of the foreign profits have been repatriated by the Indian companies in the last five years? Please give comparative figures for repatriation out of India also.
6 What is the annual interest payments on borrowed funds of these foreign investments. Under the then rules, how much of Indian money went outside as remittances out of India by Indians?
7 How much of external commercial borrowings were made by Indian companies in this financial year and how much are still kept abroad out of these borrowings?