What happens to the borrower though is worse. His NPA status is circulated through a comprehensive database of banks monitored by the RBI making him illegible for further loans across multiple platforms.
When a Chief Minister of a state does not perform, under performs or performs by going back on promises, he too should be in danger of becoming a NPA, and while the state, as an entity is weakened, it still survives, the credibility rating of the Chief Minister should take a nosedive affecting his comeback chances.
Goa’s Chief Minister was loaned, as opposed to being granted, a huge dose of goodwill riding on hope of massive returns in the form of the best governance that state could ever get. And inspite of a series of failed promises, U-turns on issues like the Regional Plan, his well-wishers who were now doing a critique of him rather than criticising him, felt that he was still the best man for the job because a) He is not corrupt and b) He has the knowledge and experience to take decisions.
However, after his reply in the assembly today on the rejection of the Special Status demand for Goa, the average Goan who bucked trends, beliefs, pressures and even religious baggage to vote for him, felt embarrassed. Here was a Chief Minister admitting on the floor of the Assembly that the proposal for Special Status, close to the heart of every Goan and sent to the center with hope, was ‘ambiguous’. Is there any scope for any ambiguity in a proposal like this?
That is why we say that this ambiguity is deliberate and a part of a strategy to confuse and delay the demand, so that massive land conversions and sale, where BJP well-wishers and businessmen are involved can continue to take place
The Law Commission has a clear road map of how special status has to be achieved. While there are two opinions on whether Goa can give itself a Special Status without actually begging for it by enacting state laws, what Goa meant to ask for was a definite assurance through the grant of Special Status that Goa will be the custodian of enacting legislation to protect no go areas as far as land sale was concerned.
The Cm said in the assembly on Friday“We too made certain mistakes in our earlier proposal, where we demanded special status under Article 371 of Constitution similar to that of Mizoram and Himachal Pradesh whereas both the states are not granted special status under that article.” This is not a minor mistake or ambiguity. It proves a blatant non application of mind or seriousness. Under whose advice was this proposal sent. He said that Special Status should be granted by either amending the constitution or by enacting new central legislation or by a state legislation as per constitution.
This is a road map designed to confuse. These proposals cannot come once the demand has been rejected by the center. This work had to be done before the proposal was made. Unlike mining which was banned and its roadmap dictated by Supreme Court parameters, there were no shackles in the case of the Special Status proposal. Hence we ask, why were these seemingly intelligent suggestions not incorporated before this was sent out?
As he has pushed the Regional Plan into further cold storage by asking a House committee to look into it after going back on deadline after deadlines, the Special Status plan is heading the same way. The once very popular Chief Minister is reneging on his huge loan of goodwill by the manner in which he has handled emotive and crucial issues concerning Goans and will struggle not to slip into a NPA status.

