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Search found 7128 matches

by Suraj
22 Nov 2017 00:46
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Aug 26 2015
Replies: 4558
Views: 394528

Re: Indian Economy News & Discussion - Aug 26 2015

India’s $207 billion NPA mess: Uday Kotak says it’s an once-in-lifetime opportunity For India, it’s a $207 billion mess, a pile-up of bad loans years in the making that’s dragging on growth. For the nation’s wealthiest banker, it’s the kind of opportunity that very rarely presents itself. What has ...
by Suraj
22 Nov 2017 00:34
Forum: Strategic Issues & International Relations Forum
Topic: Indo-UK News & Discussions- June 2017
Replies: 501
Views: 47722

Re: Indo-UK News & Discussions- June 2017

Let me rewind back to the UNSC for a moment. It's current members are: P5 plus Japan, Sweden, Uruguay, Italy, Ukraine, Bolivia, Egypt, Senegal, Ethiopia, Kazakhstan Fact: We repeatedly polled 5/15 with 9 against and one abstention, in UNSC It can be assumed with a measure of confidence that a) The P...
by Suraj
21 Nov 2017 21:14
Forum: Strategic Issues & International Relations Forum
Topic: Indo-UK News & Discussions- June 2017
Replies: 501
Views: 47722

Re: Indo-UK News & Discussions- June 2017

periaswamy wrote:The UNSC already voted for the UK by a slender margin (both perm and non perm members).

Once the UK withdrew, the UNSC vote was 15 in favor of India, no absentions, no votes against. Metaphorically kissing our ring, the whole lot of them.
by Suraj
21 Nov 2017 21:13
Forum: Strategic Issues & International Relations Forum
Topic: Indo-UK News & Discussions- June 2017
Replies: 501
Views: 47722

Re: Indo-UK News & Discussions- June 2017

I agree. The UNSC chose the path of not going through the exercise that would have been very revealing about what kind of support it had in the UN. To quote the example made earlier, it's simply a case of an opponent resigning a chess game when he knows he's headed for certain defeat. Your argument...
by Suraj
21 Nov 2017 10:55
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Aug 26 2015
Replies: 4558
Views: 394528

Re: Indian Economy News & Discussion - Aug 26 2015

Yagnasri wrote:China is just 1.7%??? How is that possible from all the reports we are reading?

Shadow banking.
Soaring rates of 'shadow banking' add to fears of Chinese debt, warns World Bank
Please don't discuss in this thread though. There's a PRC economy thread for more.
by Suraj
21 Nov 2017 10:12
Forum: Strategic Issues & International Relations Forum
Topic: Indo-UK News & Discussions- June 2017
Replies: 501
Views: 47722

Re: Indo-UK News & Discussions- June 2017

periaswamy: There are several problems with your argument . The main one is that you’re bringing in extraneous strawmen into the picture . The matter dealt with one specific issue : that of the P5 privilege of ALWAYS having a judge of their own at the ICJ . 15 judges in ICJ, 5 spots are always ‘rese...
by Suraj
21 Nov 2017 09:37
Forum: Strategic Issues & International Relations Forum
Topic: Indo-UK News & Discussions- June 2017
Replies: 501
Views: 47722

Re: Indo-UK News & Discussions- June 2017

I just meant that If the matter had been pushed to its logical conclusion, then the UNSC's weakness would have been demonstrated How has that NOT been demonstrated here ? * Since 1946 until today, every P5 member was entitled to a seat at the ICJ. 5 of 15 judges were the P5, always. Until now. * th...
by Suraj
21 Nov 2017 08:59
Forum: Strategic Issues & International Relations Forum
Topic: Indo-UK News & Discussions- June 2017
Replies: 501
Views: 47722

Re: Indo-UK News & Discussions- June 2017

UK has saved the H&D of the UNSC by "taking one for the team", but this action continues to lend legitimacy to a decrepit UNSC that needs to be torn down and rooted out and its veto powers removed. I am afraid it just looks like a tactical victory for India. How has H&D been saved...
by Suraj
21 Nov 2017 04:59
Forum: Strategic Issues & International Relations Forum
Topic: Indo-UK News & Discussions- June 2017
Replies: 501
Views: 47722

Re: Indo-UK News & Discussions- June 2017

In his prepared comments, Matthew Rycroft, the British Ambassador to the UN said "If the UK could not win in this run-off, then we are pleased that it is a close friend like India that has done so instead. We will continue to cooperate closely with India, here in the United Nations and globally...
by Suraj
21 Nov 2017 04:01
Forum: Strategic Issues & International Relations Forum
Topic: Indo-UK News & Discussions- June 2017
Replies: 501
Views: 47722

Re: Indo-UK News & Discussions- June 2017

Pathik wrote:
Prem wrote:Brit withdrew the caaaaandidate !

As a face saver presumably :D

More like no UK face at all for the first time ever in the history of P5 & UN.

An excellent effort by GoI, MEA and our permanent representation at UN to get this done. Power is acquired by force.
by Suraj
21 Nov 2017 02:47
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Aug 26 2015
Replies: 4558
Views: 394528

Re: Indian Economy News & Discussion - Aug 26 2015

Ok, so post data showing where OCIs hold most of our foreign holdings of Rupee debt, and how they managed to hold 10 year GoI bonds as 'short term' debt :) In reality, OCI/PIOs cannot invest in most India based debt mutual funds. Only a handful of funds permit it because of (Dodd Frank ?) US reporti...
by Suraj
21 Nov 2017 02:44
Forum: Strategic Issues & International Relations Forum
Topic: Indo-UK News & Discussions- June 2017
Replies: 501
Views: 47722

Re: Indo-UK News & Discussions- June 2017

How come Somalia got elected so easily? Is there some kind of quota system in ICJ too, which makes India face off against the UK (maybe the Commonwealth seat)? Somalia isn't a threat to anyone and is easily manipulated when needed. They can muster the UNGA solidarity votes, and UNSC sees them as pl...
by Suraj
21 Nov 2017 02:29
Forum: Strategic Issues & International Relations Forum
Topic: Indo-UK News & Discussions- June 2017
Replies: 501
Views: 47722

Re: Indo-UK News & Discussions- June 2017

One thing though, why leave the common wealth? Stay there and be a PITA while taking off UKs browbeating the other CW nations. In otherwords, be the same as PRC does by entering all the Asian pacts where its rivals exist. It molds them to its benefit. Because it’s their cherished baby, and without ...
by Suraj
21 Nov 2017 00:40
Forum: Strategic Issues & International Relations Forum
Topic: Indo-UK News & Discussions- June 2017
Replies: 501
Views: 47722

Re: Indo-UK News & Discussions- June 2017

Yes, it's obvious that the seats go in this manner by 'tradition': a) If there's a UNSC member candidate, they go through. Opponent is supposed to step aside. b) remaining seats go to the small UNGA members to be bought out when needed The problem here is that India dared to directly challenge the w...
by Suraj
21 Nov 2017 00:22
Forum: Strategic Issues & International Relations Forum
Topic: Indo-UK News & Discussions- June 2017
Replies: 501
Views: 47722

Re: Indo-UK News & Discussions- June 2017

A recap of the situation as I've read it so far: * 5 ICJ seats were up for re-election. * 6 candidates: India, France, Somalia, Lebanon, Brazil and UK * France, Somalia and Brazil nominees all won quick elections. * The Lebanese won the fourth spot, leaving one seat and two candidates - India and UK...
by Suraj
20 Nov 2017 09:58
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

Sigh, I suggest that the posters involved stop this argument and move on. Absolutely nothing new has been stated in this repeated whining about GST rates.
by Suraj
20 Nov 2017 02:37
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7672
Views: 513711

Re: Currency Demonetisation and Future course of Indian Economy

Demonetisation impact: 'Card transactions soar 84% in Sept to Rs 74,090 cr' Debit and credit card transactions have jumped to Rs 74,090 crore in September this year, up a hefty 84 per cent as compared to the same month last year when it stood at Rs 40,130 crore, thanks to the government push for no...
by Suraj
20 Nov 2017 02:34
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Aug 26 2015
Replies: 4558
Views: 394528

Re: Indian Economy News & Discussion - Aug 26 2015

Govt may grant infrastructure status to logistics sector soon The logistics sector will soon get the status of infrastructure, a move that will help the industry raise funds at competitive rates and boost India's trade, a senior government official said. "Huge investments are required in the s...
by Suraj
19 Nov 2017 22:20
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

Mort Walker wrote:
Suraj wrote:Mort, I thought you said you were not going to post here ? :)


I wasn't but saw so many replies that I changed my mind. I will try not to derail this thread, but will comment. If you wish me to stop, please do tell me and I shall.

:rotfl:
by Suraj
19 Nov 2017 04:56
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

Mort, I thought you said you were not going to post here ? :)
by Suraj
19 Nov 2017 02:59
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

Great post, VKumar.
by Suraj
18 Nov 2017 06:16
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Aug 26 2015
Replies: 4558
Views: 394528

Re: Indian Economy News & Discussion - Aug 26 2015

These are long term debt and the ratings themselves pertain to long term debt (i specifically said short term debt has a separate set of ratings) so calling it short term is a misnomer . OCIs have very little to do with holdings of government debt . The average OCI probably doesn’t even know the cur...
by Suraj
18 Nov 2017 05:06
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Aug 26 2015
Replies: 4558
Views: 394528

Re: Indian Economy News & Discussion - Aug 26 2015

Bond markets are generally not as volatile as equity markets. Turnover of bond funds are generally much lower than that of aggressive equity funds. The comment is a reflection of the desire to partake in Indian government and corporate debt. These are all Rupee denominated by the way. Any capital fl...
by Suraj
18 Nov 2017 02:50
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Aug 26 2015
Replies: 4558
Views: 394528

Re: Indian Economy News & Discussion - Aug 26 2015

Moody upgrades India's sovereign ratings from Baa3 to Baa2, is this really a big deal? Some perspective can be had from looking Moody's rating for nations in sorted order (click on rating's up/down arrow) from this Wikipedia Link: https://en.wikipedia.org/wiki/List_of_countries_by_credit_rating#Moo...
by Suraj
18 Nov 2017 00:42
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

I understand that. GST was actually an idea from previous governments. However, It doesn’t seem like rate rationalization has any real process and is more by fiat and political expediency of the GST council. If in the future there is another government we don’t like, what stops them from arbtrily c...
by Suraj
17 Nov 2017 22:16
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

Sorry, 'regressive' isn't a definition you make up as you go along, cherrypicking items that suit you. I disagree. Income and wealth should be taxed. Taxing essential items for living is regressive whether it is sales tax, VAT, or GST. Clearly cost of essentials has gone up. No it hasn't. *Some* it...
by Suraj
17 Nov 2017 11:20
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

Sorry, 'regressive' isn't a definition you make up as you go along, cherrypicking items that suit you.
by Suraj
17 Nov 2017 10:00
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

Mort Walker wrote:I'll give you the example of some food items such as ghee, milk cream, yogurt, cheese, and condensed milk that has anywhere from 5%-12%, 18% GST.

That's not an example of a regressive tax. Processed foods are taxed higher than unprocessed foods. That's the basic concept. GST is a value added tax.
by Suraj
17 Nov 2017 05:54
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

The timing of this article is perfect - written today just as we're talking of this: Cabinet clears setting up of GST anti-profiteering body The Cabinet on Thursday set the ball rolling for establishment of a national anti-profiteering authority amid reports that restaurants were not passing on the ...
by Suraj
17 Nov 2017 05:49
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

Because GST taxes consumption as opposed to income. It is the poor who spend their entire incomes on consumption. Those merchants who didn't pay taxes until now, have raised prices to compensate for losses due to GST being enforced. It is the poor who bear the biggest brunt of rising prices. But GS...
by Suraj
17 Nov 2017 03:12
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

Why is GST a 'regressive tax' ? It's not even an income tax for the general progressive vs regressive classification to apply. It attempts - if very crudely at this point, because the rate setting mechanism is still in its infancy - to tax sin/luxury items at higher rates. If it's regressive in the ...
by Suraj
17 Nov 2017 01:48
Forum: Strategic Issues & International Relations Forum
Topic: Neutering & Defanging Chinese Threat (15-11-2017)
Replies: 63
Views: 5600

Re: Neutering & Defanging Chinese Threat (15-11-2017)

That's Demonitization American style..... You are not crazy. I did tweet that same thin long ago. Peregrine, I think Xi Jinping realized Corruption is the Achilles heel of China. Recall right after Opium wars it was the corrupt governors who allowed Western traders right to sell opium. And rest is ...
by Suraj
17 Nov 2017 01:12
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

While there will be some degree of evasion, or rather overinvoicing to maintain profit margins, the problem with 'evading' GST as such, is that you can't do that if you are internal to the supply chain. If there's no record of you paying tax, you can't get an input credit. Someone else depends on yo...
by Suraj
16 Nov 2017 22:27
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

Mort, its still upto you to find it . The reason is that it’s not helpful for this thread to just be a collection of opinions and rhetoric without reference to data . Its even worse when someone asks others to furnish them the data to continue making their arguments . This isn’t really a ‘nukkad’ th...
by Suraj
16 Nov 2017 07:51
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

Mort: please do your bit of google searching to post data you’re interested in, rather than expecting it of others .
by Suraj
16 Nov 2017 02:28
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

Will meet FY-18 tax revenue aims if current rate of GST collection persists: Finance Secretary After the first major overhaul of the goods and services tax (GST) rates last week, wherein the GST Council reduced rates on 210 items, Finance Secretary Hasmukh Adhia says that the government will achiev...
by Suraj
16 Nov 2017 01:24
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7672
Views: 513711

Re: Currency Demonetisation and Future course of Indian Economy

300% increase in PAN card applications since note ban: CBDT There was a 300 per cent jump in the number of applications for PAN (Permanent Account Number) post demonetisation, the CBDT said today. Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said while there were around 2.5 lakh PAN...
by Suraj
16 Nov 2017 00:38
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Aug 26 2015
Replies: 4558
Views: 394528

Re: Indian Economy News & Discussion - Aug 26 2015

New GST rates to lower consumer inflation by 20bps: Nomura Decision to lower GST (goods and services tax) rates on over 200 items could help pull down retail inflation by 20 basis points from the current levels driven by lower food and beverage prices, says a report. Retail or CPI inflation rose to...
by Suraj
15 Nov 2017 02:29
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Aug 26 2015
Replies: 4558
Views: 394528

Re: Indian Economy News & Discussion - Aug 26 2015

Nominal vs real growth rates! Nominal GDP growth rate last quarter was ~9.5% and that was at the lowest point in Q1. It's been above double digits continuously before that.
by Suraj
15 Nov 2017 00:37
Forum: Technology & Economic Forum
Topic: GST - Discussion on all aspects.
Replies: 552
Views: 48642

Re: GST - Discussion on all aspects.

Far too much energy is being expended on the GST rate numbers and items that fall into various slabs. Let me repeat what I stated previously : GST rates are design by committee They are not the result of a single group of bureaucrats under PMO carefully and logically vetting everything. Instead, it ...

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