Search found 275 matches
- 08 Aug 2017 02:09
- Forum: Trash Can Archive
- Topic: Neutering & Defanging Chinese Threat (09-08-2014)
- Replies: 10352
- Views: 2285639
Re: Managing Chinese Threat (09-08-2014)
@chola, You have been arguing for war. What are the war goals (physical ones, not psychological)? What is the actual change on the ground you want before ceasefire in - say - two weeks? What pieces of land do you want to take from them & what are you willing to lose, if any? not chola and no ge...
- 05 Aug 2017 01:43
- Forum: Trash Can Archive
- Topic: Neutering & Defanging Chinese Threat (09-08-2014)
- Replies: 10352
- Views: 2285639
Re: Managing Chinese Threat (09-08-2014)
My CT is that NaMo did this to get even with elevn. I think early part of NaMo's tenure he tried to be great host and be a friend to everybody. And Xi embarassed him at the worst time. NaMo is prob just telling him, look we both cannot do full scale wars, so why not chill, because everybody can play...
- 01 Feb 2017 13:53
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
CBDT chairman Sushil Chandra said the Tax Department has data that show over one crore bank accounts with deposits of above Rs 2 lakh and involves 70 lakh permanent account numbers (PAN). While the online platform, which is part of 'Operation Clean Money', will ask the identified taxpayers to fill ...
- 25 Jan 2017 14:30
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
Subbarao: Note ban may be akin to Iraq WMD fiasco if results not tangible Q: Your litmus test, you said, should be at least 1 percent more taxes. You mean 1 percent of GDP? It rises from 11-12 percent or whatever? A: Right. At least 1 percent, otherwise I do not think the cost benefit calculus woul...
- 18 Jan 2017 23:57
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
http://economictimes.indiatimes.com/news/politics-and-nation/manmohan-singh-asks-finance-committee-members-to-show-restraint-with-urjit-patel/articleshow/56652611.cms Manmohan Singh asks finance committee members to show restraint with Urjit Patel According to an MP, Singh, a former governor of RBI ...
- 13 Jan 2017 17:39
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
http://economictimes.indiatimes.com/industry/banking/finance/demonetisation-bank-credit-growth-slowest-in-decades-say-economists/articleshow/56366040.cms Growth of bank credit fell to a multi-decade low of 5.1% for the fortnight ended December 23, as drying up of demand in the last two months of the...
- 13 Jan 2017 17:32
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
http://www.livemint.com/Industry/1lTF2ese16LYmzlz6mRmdI/MSMEs-face-debt-repayment-issues-due-to-demonetisation-Cris.html One in every three micro, small and medium enterprises (MSMEs) has been facing delays in receivables from clients because of demonetisation, causing difficulties in repaying credi...
- 12 Jan 2017 14:38
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
Right. Also lot of these SMEs arent 100% export oriented units. Most of these factors, industries and individual businesses cannot be looked at in isolation IMO. Just like everyone has been claiming that cash is the grease that oils the shadow economy, the rest of the economy is ( or was ) oiled by ...
- 12 Jan 2017 13:22
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
I think people get unneccesarily defensive about slowdowns. Bibek Debroy articulated really well in one of his interviews. He said its a given that there is going to be slowdown for one or two quarters no doubt and then things will start to normalize. He said its hard to estimate how much of a slowd...
- 12 Jan 2017 13:04
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
This following makes me doubt the report: Medium and large scale industries, including foreign companies, engaged in export-oriented activities reported 30 per cent job losses and 40 per cent revenue fall. This is likely to be 35 per cent and 45 per cent, respectively, by March. Why should export-o...
- 05 Jan 2017 16:10
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
http://www.thehindubusinessline.com/opinion/measuring-impact-of-demonetisation-in-india/article9459507.ece It was reported that the total currency issued over the counter was about ₹35,000 crore , which would be about 2.3 per cent of the total demonetised currency . A number I havent seen before bu...
- 05 Jan 2017 15:49
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
The figures of 3 LC etc not coming back into banking system was being very loudly announced in early days. For eg Gurumurthy himself was quoting SBI that 3LC wont come back. And then govt will get 2LC tax on rest of BM. Hence there would be a 5LC windfall and so on. So these numbers arent being manu...
- 03 Jan 2017 09:51
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
I studied the RBI statistics (bulletin.rbi.org.in) and found to my surprise the electronic transaction have actually collapsed following DeMon. I am talking about massive 30-40% decline here. The only explanation is that economy took a massive hit. I think one needs to look at previous years and se...
- 31 Dec 2016 17:18
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
Bartji, is there a place where the security/privacy aspects of the BHIM app is discussed ?
- 31 Dec 2016 17:16
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
Assessing Demonetisation: Minsky Provides The Link That Traditional Economics Misses Credit is financial money that differentiates black economy from a white/cash white economy. Black economies have very low credit. When was the last time you paid bribe in credit? Or paid dowry in credit? Or bought...
- 30 Dec 2016 12:51
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
RajeshG "No the explanation will probably be shown as cash on hand. Not income." If your reported incomes and known assets taken together, cannot explain the latest cash deposit post demonetisation announcement, it will be treated as income on which tax has not been paid. Yes of course. I...
- 30 Dec 2016 12:46
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
He said that Rs 1.5 lakh crores of double black is being destroyed, implying that it will not be deposited. But Rs 14 lakh crores is already back and nothing got extinguished. Is he changing the target to Rs 15.4 lakh crores? Looking at today's lines we will hit Rs 15 lakh crores. That means lot of...
- 30 Dec 2016 11:15
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
I think Debroy's estimates are most reasonable i have seen so far. It might provide some context for these numbers. http://www.business-standard.com/article/economy-policy/demonetisation-s-impact-on-gdp-growth-won-t-be-very-significant-in-fy17-bibek-debroy-116112000633_1.html While Rs 14 lakh crore ...
- 30 Dec 2016 10:13
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
From TOI - Rs 4 lakh crore of cash deposits so far may be suspect, estimates I-T Actually, quite well written by Sidhartha TNN. Added gems such as: Data with the income tax department shows that till December 17, cash deposits of Rs 80 lakh or more added up to nearly Rs 4 lakh crore, which flowed i...
- 30 Dec 2016 10:03
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
No the explanation will probably be shown as cash on hand. Not income.shiv wrote: "extra windfall income" in the 2015-16 period it won't be easy
- 30 Dec 2016 01:47
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
I can never get these zeroes right. But does that mean 10L per depositor ? I would think thats not much - i am sure lots of cash driven people/businesses/CAs would be able to explain that.
- 29 Dec 2016 18:41
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
I dont know how to post images from the article, but all interesting stats. http://www.bloombergquint.com/opinion/2016/12/29/hype-around-cash-to-gdp-ratio-misses-critical-nuances It is difficult to conclude whether a lower CIC-to-GDP ratio is a sign of a more developed or structurally evolved econom...
- 28 Dec 2016 01:16
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
http://economictimes.indiatimes.com/news/politics-and-nation/bjp-makes-big-plans-for-another-big-announcement-in-pms-rally-in-lucknow-on-jan-2/articleshow/56209594.cms ET spoke to several senior BJP leaders, all of whom spoke off record, for details of the Modi rally on the second day of the New Yea...
- 28 Dec 2016 00:20
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
I really doubt there would be a single person in UP who would change their votes because of 100cr discovery or would be surprised in any way. I also doubt demo would change the election spending pattern in any way. But what NaMo has definitely done is change the narrative. He has definitely changed ...
- 23 Dec 2016 13:18
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
A survey of the Urban Poor. - Audio report. Episode 7 - Coping with 'Notebandi'(Demonetisation): Voices of informal workers Thanks Shaurya, very interesting. There are many interesting things in the podcast. The one that stood out for me were - even credits for non-perishable goods ( P&G, HUL )...
- 22 Dec 2016 15:35
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
http://www.firstpost.com/politics/i-t-raids-on-p-rama-mohana-rao-bjps-last-ditch-effort-to-make-something-out-of-demonetisation-3168444.html The first question that the raid on the office of the Tamil Nadu chief secretary P Rama Mohana Rao raises is this: Had Jayalalithaa been alive, would this have...
- 22 Dec 2016 10:25
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
It is in my view the ecosystem that is the invisible elephant, not just the parties or single politicians. Sure you can argue that. In the previous IDS scheme 67k cr was declared by 21k people. So that is 3 cr per person on avg, by no means big fish. In addition TV channels do continuously show bun...
- 22 Dec 2016 10:13
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
The moneycontrol link from yesterday had the cnbc anchor speculating 50k not coming back, I think.
- 22 Dec 2016 10:04
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
Any update on total money deposited so far. Till Dec 1st week, it was around 12L crore mark. I havent seen any RBI press releases but the closest to official sources was on dec 15. The figure was 13 l cr. http://www.moneycontrol.com/news/cnbc-tv18-comments/received-rs-13-lk-crdeposits-so-far-attorn...
- 22 Dec 2016 09:44
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
I think people feel vindicated for their hardships in demonetization when they see ANYONE, even so-called "small fish" in the black money game, being apprehended. This may very well be true. And probably this is what NaMo is aiming for to expand his vote base. The resounding victories tha...
- 22 Dec 2016 00:18
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
This was about a week ago. I am not sure how credible this report is. This dropped to 20-30% in the following weeks and settled at 10% a week back. Interestingly, in the last few days the situation has reversed. Now if you have Rs 1crore in cash, there are people willing to take the money off your h...
- 22 Dec 2016 00:12
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
Since the ban of high-value currency notes on November 8, close to Rs 14 lakh crore is back in the banking system, tell sources to CNBC-TV18. According to them, this may also be the reason for the Reserve Bank of India (RBI) to restrict deposit of old Rs 500 and Rs 1,000 notes, worth more than Rs 5...
- 22 Dec 2016 00:00
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
Upto now 3100 cr undisclosed income has been recovered. This is upto december 19th. http://www.ndtv.com/india-news/tax-officials-detect-3-185-crores-in-black-money-seize-86-crores-in-new-notes-1640053 NEW DELHI: In raids across the country post the November 8 ban on 500- and 1,000-rupee notes, the I...
- 21 Dec 2016 12:55
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
Yes tweaking would be neccesary but too much tweaking and it starts becoming a credibility problem or worse competence problem.Dasari wrote:As I said the rules that Arun Jaitley is changing are based on how fraud is happening on the ground.
- 21 Dec 2016 12:33
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
BJP scored a major victory in Chandigarh municipal elections ( 21 out of 26 ). AAP didnt contest. How much of that can be extrapolated to Punjab. Does anybody have any thoughts ? I dont know how realistic this opinion is but this is the general feeling. Is this accurate ? http://www.dnaindia.com/ind...
- 20 Dec 2016 21:07
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
Yes certainly. R Jagannathan refers to the tribune article below.
http://www.tribuneindia.com/news/nation ... 38923.html
First time i am hearing 20 l cr figure.
http://www.tribuneindia.com/news/nation ... 38923.html
First time i am hearing 20 l cr figure.
- 20 Dec 2016 14:14
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
VIJAYAWADA: Andhra Pradesh Chief Minister N Chandrababu Naidu today said demonetisation was not what they wished for, adding he was still breaking his head as a solution to the ongoing (currency) crisis remained elusive. "Demonetisation was not our wish but it happened. More than 40 days after...
- 20 Dec 2016 12:50
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
Why is Chakravarti's article full of sh1t ? Can somebody please explain without getting too emotional ? The author seems to be all for cashless economy. In fact the paper that is linked to in that article seems to be a treasure trove of numbers for those so inclined and is a very interesting read. h...
- 16 Dec 2016 01:24
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
Suraj, regarding double-counting. http://economictimes.indiatimes.com/articleshow/55867288.cms SBI, which had been releasing its collection data on a daily basis, has stopped reporting the numbers this week, stating that these were not giving the right picture as they included interbank deposits and...
- 16 Dec 2016 00:47
- Forum: Science, Economics & Technology Forum
- Topic: Currency Demonetisation and Future course of Indian Economy
- Replies: 7884
- Views: 1470503
Re: Currency Demonetisation and Future course of Indian Economy
Sorry this doesnt add any valuable info but it cracked me up. http://economictimes.indiatimes.com/news/politics-and-nation/rahul-gandhi-law-bound-to-report-explosive-information-about-pm-modi-to-police-subramanian-swami/articleshow/56004009.cms "He (Rahul Gandhi) is bound by the law, criminal p...