Search found 137 matches

by Schmidt
25 Nov 2016 17:47
Forum: Science, Economics & Technology Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7884
Views: 1490438

Re: Currency Demonetisation and Future course of Indian Economy

the going rate for passport verification 'house visits' are Rs. 500. You are just supposed to shut up and pay. If you don't pay that money, then the cop will ask all manner of silly questions and in the end make out a report terming that applicant as Osama's cousin. My experience in Chennai - the c...
by Schmidt
19 Nov 2016 11:30
Forum: Science, Economics & Technology Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7884
Views: 1490438

Re: Currency Demonetisation and Future course of Indian Economy

Some thoughts on Black Money : ( sorry for the long post ) There has been a chorus from the opposition as well as paid media that less than 5% of BM is held in the form of cash , whereas the rest would have been long converted into other asset classes such as real estate , gold / bullion etc. I will...
by Schmidt
19 Nov 2016 10:42
Forum: Science, Economics & Technology Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7884
Views: 1490438

Re: Currency Demonetisation and Future course of Indian Economy

There are NO shades of gray in corruption or black money. You can't pardon a thief who breaks into your house and simply steals 100Rs as opposed to the one who steals your wife's jewelry. Primusji, thats the disconnect i was mentioning. I dont think a lot of people are thinking in this manner. For ...
by Schmidt
17 Nov 2016 12:48
Forum: Science, Economics & Technology Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7884
Views: 1490438

Re: Currency Demonetisation and Future course of Indian Economy

I saw a jawan standing in line trying to get some cash , he was saying that he got limited time off in a day and how difficult it was to get cash I wish the govt can make sufficient cash available to our armed forces and open special bank counters etc within army bases to distribute cash on an exped...
by Schmidt
15 Nov 2016 11:50
Forum: Science, Economics & Technology Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7884
Views: 1490438

Re: Currency Demonetisation and Future course of Indian Economy

Next step : On 1st Jan , NaMo must announce that there will be a 3 month time period in which all citizens must furnish a comprehensive wealth/assets statement including property/land/gold /equities etc ,and all bank accounts held etc , all linked to their PAN CARDS After this window , any asset / p...
by Schmidt
13 Nov 2016 12:50
Forum: Science, Economics & Technology Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7884
Views: 1490438

Re: Currency Demonetisation and Future course of Indian Economy

Some humour might lighten up folks :

Sir , how far away is the bank ?

Man : Its 2 km away

Can I get an auto to get there ?

No need , just stand behind me in the line
by Schmidt
11 Nov 2016 18:25
Forum: Science, Economics & Technology Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7884
Views: 1490438

Re: Currency Demonitisation and Future course of Indian Economy

This is a great step , no doubt It would flush out a significant amount of black money held in cash It also signals INTENT on the part of NM that he is serious about eradicating the parallel economy But a major part of it is held overseas ( they are trying to get it back ) Also in the form of proper...
by Schmidt
11 Nov 2016 17:42
Forum: Science, Economics & Technology Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7884
Views: 1490438

Re: Currency Demonitisation and Future course of Indian Economy

Bart S : You clearly have no experience running a business in India For your info , I have profitable businesses running in the US / Singapore , and I have NO problems whatsoever , none It's the Indian system that stinks I do hope that NM follows through and cleans up the ENTIRE corruption eco syste...
by Schmidt
11 Nov 2016 17:33
Forum: Science, Economics & Technology Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7884
Views: 1490438

Re: Currency Demonitisation and Future course of Indian Economy

I doubt most people here even know how difficult is to run the business in India. They all are going gaga about this step, of course, they get their wages in white. Who cares, about small business and traders who are day and night hounded by IT officials. Some are saying if you do everything by boo...
by Schmidt
11 Nov 2016 11:52
Forum: Science, Economics & Technology Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7884
Views: 1490438

Re: Currency Demonitisation and Future course of Indian Economy

Neighbour comes in and says their doctor friend has 2 Cr lying in cash ,ad wanted to know if we can help in converting to gold etc I refused , and told the also not to help Today , they said that the said friend went to Salem and got their cash converted to gold by paying a premium of 6000 Rs per go...
by Schmidt
10 Nov 2016 12:56
Forum: Science, Economics & Technology Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7884
Views: 1490438

Re: Currency Demonitisation and Future course of Indian Economy

If there is a significant drop in property valuations ( 30-40% ) , will banks require a top up in the security amount paid to cover the gap i mortgage loans extended

This is a common practice in US / Singapore etc

Or do the banks here take a more lenient view ?
by Schmidt
01 Nov 2016 10:25
Forum: Military Issues Archive
Topic: 'Make in India' Single engined fighter
Replies: 5424
Views: 1248396

Re: Indian Single Engined Multi Role Fighter with Transfer of Manufacturing Technology

http://www.thehindu.com/news/national/secret-documents-accessed-by-bbc-and-the-guardian-shared-with-the-hindu-foreign-defence-companies-paid-huge-bribes-to-indian-arms-dealers/article9288682.ece?homepage=true One can only guess what amounts are being negotiated right now to push through a foreign ve...
by Schmidt
31 Oct 2016 18:49
Forum: Military Issues Archive
Topic: 'Make in India' Single engined fighter
Replies: 5424
Views: 1248396

Re: Indian Single Engined Multi Role Fighter with Transfer of Manufacturing Technology

Russia would get pissed off if we go for western replacements of the Mig21s To pacify the Russkies we would end up giving juicy contracts for other assorted weaponry - maybe TXXs by the thousands and effectively kill of the Arjun programme as well The same IAF that derided the F16/18 seems to be Ok ...
by Schmidt
11 Oct 2016 10:53
Forum: Trash Can Archive
Topic: LCA Tejas: News and Discussions
Replies: 4035
Views: 728880

Re: LCA Tejas: News and Discussions

RFI issued for MIG21 replacement


http://www.thehindu.com/news/national/f ... 202548.ece

The article completely avoids mentioning the Tejas as an existing alternative
by Schmidt
15 Sep 2016 09:59
Forum: Science, Economics & Technology Forum
Topic: South India River Water Issues/Disputes
Replies: 1213
Views: 187671

Re: South India River Water Issues/Disputes

On the subject of language , if you call any tech support or customer service for any company located in northern India , they will start yakking off in Hindi straightaway , even when they know you are calling from the south You need to gently remind them to speak in English and only then will they ...
by Schmidt
13 Sep 2016 17:39
Forum: Science, Economics & Technology Forum
Topic: South India River Water Issues/Disputes
Replies: 1213
Views: 187671

Re: South India River Water Issues/Disputes

Lets not try to create some sort false equivalence between what happened in Karnataka and the situation in TN The thugs who threw stones at Woodlands have been identified and arrested Also Woodlands is right on Cathedral Road and on Amma's route to the Fort - so there is heavy police presence any wa...