Bharat Rakshak

venkat_r

https://www.bloomberg.com/opinion/articles/2018-09-02/indian-demonetization-failed-even-to-create-a-savings-culture Gurumurty’s analysis - Indian economy might collapse if not for demo https://www.businesstoday.in/top-story/indian-economy-would-have-collapsed-if-there-was-no-demonetisation-says-rbi...

venkat_r

Just posting news items - read as you please This speaks well of demo https://www.forbes.com/sites/nusbusinessschool/2018/09/01/indias-demonetization-drive-a-necessary-jolt-towards-a-more-digital-economy/#782e87c23dc3 Against https://www.thecitizen.in/index.php/en/NewsDetail/index/1/11610/The-RBI-Re...

venkat_r

In such emotionally charged atmosphere it is difficult to debate. The view points are vastly different - on oneside are economists and others who believe state should facilitate economic growth to improve the lives of people and on otherside are people who are OK with deliberately creating and enfo...

venkat_r

So your only point is - government said something that they want to achieve on the night of declaring demonitization and they failed to achieve it. They may have said 101 things after that but you just don't care. Also you just don't care the changes it has made, mindset changes it has made, higher...

venkat_r

If you follow Gurumurthy's latest speech (available on youtube), you will see that he said the economy would have collapsed if not for demo; but the argument - at least my understanding of it - was not because of gold and real estate, rather that demo essentially recapitalized bank deposits, and ba...

venkat_r

If you have an issue with Manmohan’s policies, please start a new thread on that - give some explanations to the pieces he raised if possible and he is the economist that our country has been banking on for some decades now, so let’s not dismiss his views on this particular matter Please do not go ...

venkat_r

Aditya_V, Here is some inwwformation I found on the tax base increase https://www.ndtv.com/india-news/did-demonetisation-increase-tax-base-not-really-1772370 https://www.livemint.com/Politics/C4Q8mpskSbfEzmG8ZWBY9H/Can-we-measure-demonetisations-impact-on-income-tax-collect.html https://economictime...

venkat_r

But much of that money has come in and is being taxed, if you had gone through the posts Direct Tax collections in 2015-16 which were 7.4 Lac crore jumped to 10.05 Lac crore in the 2017-18 Re and Indirect Tax collections without customs has jumped to 8.06 lac crore in 2017-18 RE from 5.04 crore in ...

venkat_r

Venkat, what do you mean by effected by demonization. What kind of effects you are seeking and the absence of which means that demonization failed. Once we have a clear understanding of the frame of reference. We can have a discussion. Else at best you are talking past the other members. At worst y...

venkat_r

Venkat_r, question is, what is that you wanted out of demonitization? Did you expect all the people will declare their black money and all the corrupt will go to jail? I think you wanted only politicians to go to jail but if you think you want justice then every one one of us - including low and mi...

venkat_r

Where is Dr. Manmohan Singh's speech on Coal scam or CWG scam or many such economic events under his PMship? If he claims to be fair and balanced he should start from his own period. I am open to listen and learn from the great economist on Coal, etc scams. Else it is simply partisan politicking at...

venkat_r

Here is the speech of Dr.Manmohan Singh on demo
https://youtu.be/Q-d-yP5Fqik

And original prime minister’s speech declaring demo
https://youtu.be/DjiFCLb7hOI

venkat_r

Supratik, have to respectfully disagree as it is not trolling nor is it my intention - may be I have not looked hard enough, but did not find anything that says that black money has been taken care of or the fake notes have been handled. If you have please post on these and educate me, willing to le...

venkat_r

Plenty. Look at the increase in tax payers, tax collections and digital payments. Any increase in them automatically leads to a decrease in black money. If you want to bolster your case here, at least stop trolling here with idiots like Dhruv Rathee and The Wire. At least I posted some links to beg...

venkat_r

Want to understand who were the people that should have been affected? I am making one categorization, pick one group to discuss, as I want to seriously understand what this carpet bombing was all about and who this was supposed to bomb and who are the casualties I am just making a list, there might...

venkat_r

Well for that.. Is there even one article that showed that black money had been tackled or the fake currency notes have been handled - please post rather than making these condescending comments. Anything, be it political, social or any other benefits - including what the perona of the people that d...

venkat_r

Seems like most people have not read enough about the demonetization, and spending lot of cycles on how to do it again or to determine how it was good. Would highly suggest to read up some basics from Wikipedia https://en.m.wikipedia.org/wiki/2016_Indian_banknote_demonetisation The basic premise of ...

venkat_r

Glad the clean up was done - thanks Arshyam, my point was not to lesson anyone as a person was a cahiwallh, but economy especially the one for the country is a complex subject and if someone got it right then it still has to be applauded But unfortunately in my opinion that is not the case, as none ...

venkat_r

Oh so finally you were able to pick one small piece like prices comparison from 2018 and 2008 and want to dismiss that, and by the way I have not asked you to watch his statue video but to watch the demonstration one, as this thread is for that. Nice way to discredit people who have an opinion that ...

venkat_r

This is a big video - interview of Arun Shourie, so not a Vatican source. Even if you do not like him, I would say watch that, and his analysis on the economy.

https://youtu.be/vVGMY9i9vY4

Watch the first 30 minutes - it is pretty informative.

venkat_r

Well do not get frustrated that he is not towing your line, and if you have anything that disputes his argument, please put that forward If you are disgusted, with that it either means that he is so totally off base or that has touched a raw nerve, all I would say is give it time and keep an open mi...

venkat_r

So what’s wrong if the Supreme Court is questioning it? In my opinion it is pretty good and things are going to be out in the open. Too much fear mongering and speculation going on here - Supreme Court would be interested if the due process was followed and if it was done by GOI then that would end ...

venkat_r

https://youtu.be/_rJtMfi3cp0

Not a Vatican analysis

venkat_r

Let's. Not get too much into name calling and just review what's been said -

Easy to discount everyone, economists like Raghuram Rajan and co. And assume that Modi got it right, can we be a bit open minded to understand rather than dismiss who gives a good argument with proofs

venkat_r

NITI AAYOG CHIEF ISSUES STUNNING DEMONETISATION DEFENCE EXPLOSIVE: Niti Aayog VC Rajiv Kumar Issues Unprecedented Defence Of Demonetisation, Says India's Growth Slowdown Resulted From Raghuram Rajan's Hawkish Policy On NPA Identification, And Delivers Chidambaram-defying GDP Growth Forecast Rajiv K...

venkat_r

Austin wrote:
Chinmay wrote:
So why didn't the UPA buy them?

Like most UPA time delays , Indecision

So that justifies 40% more? And anyone that questions that has moved on to the dark side? Should try to find the explanation, there might be some very legitimate ones rather than such silly accusations

venkat_r

Yes and if planning for one sqardron a year does not happen now with all this shortage and this govt with such majority, then not sure what other conditions will make it happen - this is almost like a national emergency project that will save billions in the future, save a lot of heartache and also ...

venkat_r

If there was ever a need for establishing multiple assembly lines, it is for the Tejas - they should set up 3 different lines, govt should spend to have HAL convert the existing lines to produce Tejas and produce 4-5 per year first and increase that to be 6-8 per year. That way IAF can get one squad...

venkat_r

Important thing that I got from that report is that they are planning a technology demonstrator in 2025 and the replacements in 2040 - kind of gives the timeline of one of the best company in Aviation, we should have similar expectations from AMCA and HAL at best, and give more time for the company ...

venkat_r

Great news on the additional 83 to be procured, as and when this goes through, paves the way forward for MK 2 and others

Big step forward by the GOI

venkat_r

To call it a success, want to understand why it was done and if that was achieved. It was announced to remove BM, was that done ? Shifting the goal post and adding different spins makes me suspicious. Let's use this metric. There are two specific logical requirements: * Why was it done ? * What was...

venkat_r

^^ While I do not necessarily agree with everything you are saying, the part about people's habits, I can. In parts of Bangalore (more so in smaller places like Tumkur, Mysore etc)... businesses are going back to cash only. When asked why they are no longer accepting cards, the standard response is...

venkat_r

What should have occurred for you to call it a success? ..... If a man gave your child a bag of sweets and said one of them is a cyanide pill would you protest if someone threw the entire bag away? All arguments can be classified as discussion but when logic is discarded in favour of useless rhetor...

venkat_r

You bring absolutely no facts, apart from random conjecture, to determine whether it is a success or not. And then you call it a "circus". Why ? How are you so sure that it has failed, when the government and the RBI are still working on it ? Well though I called it a circus, I am not sur...

venkat_r

Oh yes..I actually want another round of DeMo to take 2000s out.. Is that all the straw men you have or you have more? Ha ha ha ... enough said. With your yardstick of success made of flubber, anything will do. Glad at least some are questioning the logic on this one. During Vietnam war some saying...

venkat_r

see, you have already decided 'this circus' is a failure. ........ If the overall goals were - reducing BM, moving people into formal economy, reducing indirect tax burden on the poor and instead have a fair and progressive tax structure with an increased tax base, reducing cost of money for entrep...

venkat_r

Not sure if this was posted, at least not in the recent pages that I went through, so here it is

AIB video on demonetization - quite funny !

https://youtu.be/YqwVOWYJSxw

venkat_r

It's a month plus and people have already moved on, on topics to talk about. While it seemed a huge deal during the 6 weeks...It will be almost forgotten in the next few months. It is all advantage modi as he will have the money to run his schemes and only talk about the positives. The only ones wh...

venkat_r

Gurus..Need some help on a situation that my friend is facing.. He is in Land of Honey & Milk for past few years..He locked up close to 2L in 500 and 2000 in his home and no one back there to help him. He is wondering how to exchange/deposit his money.. Now he is cribbing his 2L became paper an...

venkat_r

Am I happy about it ? Yes. Some businesses like mine did need a moderate kick in ass to get in line. Some need much more. What do I think of shameless chors whining like you are ? Screw them. Happy to see them crying. Does it make me a scoundrel pretending to be a patriot ? If yes, screw you. If no...

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