The DMK & Congress Farmer Loan Waiver Model for Tamilnadu: How farmers were fooled!

After coming back to power in 2006, DMK announced Loan waivers for all farmers. Total loans taken in 4000 Co-operative societies was ₹6526 Crore.

TN Finance minister in his iconic Budget Speech of 2007 said the waived amount of co-operative loans would be reimbursed to the co- operative institutions in 5 instalments with 8 percent interest to ensure the continued functioning https://t.co/Xipm1UgYxt
DMK did not pay the dues to Cooperative banks. They went to UPA asking for 5000 Crores funds. Central Govt showed them the door not wanting to set a bad precedence https://t.co/zaHYSqs8X7
Early 2008, Banks still not paid their dues. Karunanidhi was still hoping centre will fund his electoral promise. https://t.co/VBdWmMpxnO
To DMK’s favour, before the 2009 Loksabha elections, UPA announced Farm loan waivers of 60,000 Crores including the ₹6526 Crores committed by DMK in 2006. Point to note: Banks not paid yet https://t.co/VvwWwVWlZz
After 7 years, in 2016, AIADMK announced Farm loan waivers of ₹6,095 Crores. Officials were shocked to notice 80% of loans waived off in 2006 appeared in the list. Neither did DMK nor Congress waive off loans. https://t.co/2NpTeVmKUE
When you don’t pay the bank, the bank cannot generate liquidity to loan again. This is how Agricultural output was killed in TN after 2006. It picked up only after 2017. If DMK says they’ll waive of loans, you know how it is now.

More from Krishna Kumar Murugan

Save Kattupalli?? From whom?
Yet another Flip Flop of DMK

Most print media including the Wire & News Minute had taken up the expansion of Adani’s Katupalli port.

The National Herald had also reported this with a political flavour. But vital details missing in all these.


The Kattupalli port received approval & began construction during the DMK Regime. Surprised to see questions posted by them now on the need of this port when chennai already has 2 ports. EIA submitted in 2008 by L&T and the port became operational in 2013
https://t.co/YQVsmdBE19


The EIA submitted in 2008 had clear mention of no fishing activity near the coastal areas.

The future expansion plan also was part of the initial proposal that was submitted.

Also find the proposed development plan. Now compare it with the initial proposal. No change at all.


See the biased reporting of The Wire.

As per the application for environmental clearance submitted by MIDPL in 2018, 1087 acres of sea area will be reclaimed by using the dredged sand but Wire reports it as 2000 acres.

https://t.co/ie7KR3J1tK


Total proposed area of expansion is 5238 Acres as per the report, Wire calls in 6111 acre master plan. Not sure where they got these information.

And the most important point to note in all these is MIDPL expansion proposal submitted by L&T, even before Adani acquired it.

More from All

MASTER THREAD on Short Strangles.

Curated the best tweets from the best traders who are exceptional at managing strangles.

• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria

How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr

• When to sell
• How to do Adjustments
• Exit


Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in


1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr

• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only


2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.

• Identified a reversal and sold puts

• Puts decayed a lot

• When achieved 2% profit through puts then sold
The best morning routine?

Starts the night before.

9 evening habits that make all the difference:

1. Write down tomorrow's 3:3:3 plan

• 3 hours on your most important project
• 3 shorter tasks
• 3 maintenance activities

Defining a "productive day" is crucial.

Or else you'll never be at peace (even with excellent output).

Learn more


2. End the workday with a shutdown ritual

Create a short shutdown ritual (hat-tip to Cal Newport). Close your laptop, plug in the charger, spend 2 minutes tidying your desk. Then say, "shutdown."

Separating your life and work is key.

3. Journal 1 beautiful life moment

Delicious tacos, presentation you crushed, a moment of inner peace. Write it down.

Gratitude programs a mindset of abundance.

4. Lay out clothes

Get exercise clothes ready for tomorrow. Upon waking up, jump rope for 2 mins. It will activate your mind + body.

You May Also Like