@RBerestka Absolutely. Formula one has deviated away from the billionaire play ground to one where genuine corporations are fighting it out. F1 has now has more or less broke away from its dependence on Billionaires.
@FanaticsFerrari So obviously the Powertrain engineers of every team other than RBPT should get themselves sacked, I mean how the fuck did a new engine manufacturer do this. Absolutely despise the man, but good going Horner.
@tovarischrizzz It's not through borrowing caps that these states are affected but through the share of central tax and I assume you are talking about the income devolution formula's bias towards income distance and the contribution to GDP. And yes you're right about MoF setting the ceilings.
@AmaluAcid_@itsmeabdul114@NizzUtd Japan's public debt is entirely held domestically with entities that are symbiotically dependent on the country. So what ends up happening is a financial-closed-loop. India is similarly placed. . Kerala has a hostile Govt at the centre that won't absorb its fiscal shortcomings.
@AmaluAcid_@itsmeabdul114@NizzUtd 🤦♀️Japanese debt is managed internally and is held locally, self sustained financial system. Athalla ividuthe avastha. Credit risk faltering would be a car crash on debt servicing.
Bad fiscal management's, first impact would be on social security, SC/ST student grant for eg.
@tovarischrizzz Borrowing limits are not imposed by the centre. RBI alle ? Rather than targeted imposition, isn't it performance matched ceilings ? Short term liquidity WMA limit polum 3 year revenue and CAPEX expenditure average alle ? It's more a tool to hide the Govt gross inefficiencies.