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Search found 175 matches

by Primus
15 Feb 2017 18:21
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

@TKiran, Pretty much every single small business in US would be checking big $ notes with multiple ways. The simplest one is to use marker pen which I used many times while working hourly jobs while growing up. https://www.walmart.com/ip/Dri-Mark-Smart-Money-Counterfeit-Bill-Detector-Pen-for-Use-w-...
by Primus
13 Feb 2017 22:46
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

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. How did the people feel through and towards the end ? Did they feel empowered? I know this is high...
by Primus
03 Feb 2017 17:44
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

Cheques are negotiable instruments. ................. But if there is some mechanism by which the bank promises that equivalent value as mentioned in the cheque has been frozen from the account of the issuer and hence the person accepting it in exchange for sale of some good or service is not expos...
by Primus
02 Feb 2017 18:08
Forum: Strategic Issues & International Relations Forum
Topic: Understanding US thread-III
Replies: 1859
Views: 68982

Re: Understanding US thread-III

Primus: ACM -Associaton for Computing Machinery - the primary and preeminent professional association has abdicated its responsibility of licensing. They are also heavily theory oriented. Similarly IEEE TC6 (t CG committee 6) IIRC is the one that should be dealing with programmers. But they too are...
by Primus
02 Feb 2017 04:28
Forum: Strategic Issues & International Relations Forum
Topic: Understanding US thread-III
Replies: 1859
Views: 68982

Re: Understanding US thread-III

I don't have much of a dog in this fight but I think that's a bit unfair. .... There is no conspiracy by Old Indians to bar New Indians, quite the opposite in fact. We would love this place to become another Singapore. I did not mean all Indians, if this helps. Got it, thank you. I think I know whe...
by Primus
02 Feb 2017 04:27
Forum: Strategic Issues & International Relations Forum
Topic: Understanding US thread-III
Replies: 1859
Views: 68982

Re: Understanding US thread-III

^^@primus Care to explain what you mean by "I see the worst of them are the North Indians who have a typical crab mentality and attitude."? In my experience, the Hindi/Punjabi-speaking (with the exception of Sikhs) expatriate is the one who is the most jealous of the success of his fellow...
by Primus
02 Feb 2017 03:54
Forum: Strategic Issues & International Relations Forum
Topic: Understanding US thread-III
Replies: 1859
Views: 68982

Re: Understanding US thread-III

Why we need to run Indians down when discussing US ? Because old Indians perceive new Indians as a threat to their cushy jobs and high pay. I don't have much of a dog in this fight but I think that's a bit unfair. I've seen plenty of nepotism where I live, the most blatant example is that practiced...
by Primus
01 Feb 2017 18:05
Forum: Strategic Issues & International Relations Forum
Topic: Understanding US thread-III
Replies: 1859
Views: 68982

Re: Understanding US thread-III

^ I my line of work there is no difference between Brown or White workers. Everyone makes the same amount of money for the same job, the Brown probably more because he often works harder. When the market goes down (insurance and other payors drop their rates), the earnings drop equally for everyone....
by Primus
01 Feb 2017 04:37
Forum: Strategic Issues & International Relations Forum
Topic: Understanding US thread-III
Replies: 1859
Views: 68982

Re: Understanding US thread-III

thanks habal, but since I grew up in India, I also have India's interests at heart. I think a lot of people here have that conflict and don't want to answer to "who do you choose, US or India?". It's like choosing between daddy and mummy. I want India to become very powerful and prosperou...
by Primus
30 Jan 2017 17:47
Forum: Strategic Issues & International Relations Forum
Topic: India-US relations: News and Discussions III
Replies: 2609
Views: 193770

Re: India-US relations: News and Discussions III

^^ Most people in India may not realize this but the Police here have to follow certain protocols. I am sure the following scenario has happened in many homes: SHQ was calling Delhi, the country code to India is 91, Delhi is 11. She forgot to dial 011 first, so ended up pressing 9111. Before she rea...
by Primus
28 Jan 2017 06:08
Forum: Military Issues & History Forum
Topic: REPUBLIC DAY 2017
Replies: 235
Views: 10580

Re: REPUBLIC DAY 2017

I only managed to see the parade last night, was at work all day. Thirty years or more after leaving the pitrabhumi, I am still moved to tears on Republic Day. Happened thrice during the time I spent streaming the video from youtube to my TV. The first time when Hangpan Dada's widow was receiving th...
by Primus
18 Jan 2017 20:22
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

^^ It has always amazed me how so many people I know are able to send their kids to study in very expensive universities in the US where average costs are at least $75K per year (tuition plus dorm plus living expenses) which is way more than what the parents are 'officially' making at home. Many of ...
by Primus
17 Jan 2017 17:22
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

....................... What do these people think is going on between India and China anyway? Some kind of H&D intensive race? India is doing what she believes to be in her long-term interest. If the Chinese get a giggle out of that for one more year, they're welcome to giggle. Pinkos invariab...
by Primus
15 Jan 2017 19:24
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

Kiran I had asked you for 10 year data and wholesale farm prices of agricultural produce in the market for us to understand true effect of demonitasition. We have not yet seen this exercise from you. Yet we keep on seeing verbose Post demanding empathy and claiming huge disruption and millions of j...
by Primus
12 Jan 2017 19:58
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

If a wholesale economic collapse with loss of income to millions, loss of thousands of jobs, hunger for thousands of people, deaths for few hundreds was "expected" from demon then not only does it make demon stupid but an act of crime to be prosecuted. I dont think they were expected just...
by Primus
11 Jan 2017 21:35
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

OT perhaps but our family home in India is undergoing the usual conversion to a multi-storey building since my father passed a few years ago. The builder has been going slow due to 'reduced demand' for the finished product as we insisted on getting it all 'white'. There was a temporary stop during t...
by Primus
10 Jan 2017 05:06
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

^^ +100 For a time there, even the Opposition was gracious. ABV described her as "Durga" following the 1971 pleasantries. UB Ji, actually he did not and it is a concoction of the media that has continued ever since. Here is the man himself denying it: ofxZKeH8BGM However, I do agree that ...
by Primus
10 Jan 2017 04:55
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

https://rbi.org.in/scripts/FAQView.aspx?Id=60 2 business hours and fee is like 0.025% and drops quite a bit for larger amounts (0.0125%). So, it is probably the fastest and cheapest electronic transfer scheme. For 2 hour service, you have to pay through the nose in other countries. Errr No. In the ...
by Primus
08 Jan 2017 09:02
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

I am not sure that is entirely true. It is not that easy to get a collateral-free loan in the US, not been the case for several years, and definitely not in the range of 'hundreds of thousands'. ..... You cannot just walk into a bank and ask for a loan for 200K without any kind of collateral or gua...
by Primus
08 Jan 2017 08:53
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

You cannot just walk into a bank and ask for a loan for 200K without any kind of collateral or guarantee, even with a high credit score and great financial status. The reason why you need the loan is a major determinant and if you are using that amount as a means of investment it is particularly di...
by Primus
07 Jan 2017 10:01
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

... a nationalized bank are unwilling to extend any loan (not even Rs 10 lacs when my requirement is a couple of crores) unless backed by collateral.... It's been a while since I looked at this, but doesn't India goremint have a scheme for collateral-free loans up to 1 cr for MSMEs ? There are a nu...
by Primus
05 Jan 2017 10:39
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

It is interesting how the negative reactions to the DeMo are so resonant of the parable of the six blind men and the elephant. People only 'see' what they perceive to be the truth from their own blinkered perspective and wail loudly - oh, people are dying in ATM queues, poor are suffering, economy i...
by Primus
04 Jan 2017 07:47
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

Are they still checking the checker ? I mean, do they have an immigration officer after the immigration officer at the immigration counter to check if the immigration officer at the counter has stamped your passport ? Actually there is a checker who checks that the immigration officer has stamped y...
by Primus
03 Jan 2017 21:27
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

Finally got to Desh, first day in Hyderabad. At the airport tried to change my USD, they are only allowing $40 at a time, with the usual scan and copy of passport, filling out forms etc. Fortunately, the local ATMs had a short(ish) line this morning and even shorter (5 people ahead of me) one in the...
by Primus
03 Jan 2017 11:03
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

>>Poor explaining is not limited to Doctors. Lawyers are the same - "Just do as I say" I have, another theory; these professions feel their authority being questioned if too many questions are asked. I don't know. Communication in general is not well taught in India.. in the US even a sma...
by Primus
01 Jan 2017 19:28
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

A silly question perhaps. Is there any value to taking USD as cash to India? Some level of cash $s (under $50) are required to pay off the government registered touts at the airport since they do not accept INR. Beyond that a credit card with 0 foreign transaction fees works for most places. No nee...
by Primus
01 Jan 2017 19:10
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

Checks are an utter disaster - don't even think about it. Cold cash is best Agree, nothing like cold, hard cash :) Leaning towards doing that, my first concern would be paying the taxiwallah from the airport to the hotel. Sir, Hyd airport has prepaid cab facility at arrivals. They accept cards; You...
by Primus
31 Dec 2016 19:31
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

A silly question perhaps. Is there any value to taking USD as cash to India? This is never a bad idea. There are always exchange counters at the airport - and it will do you no harm to exchange $30 even if the limit is a max of Rs 2000 because of demonetization chaos Leaning towards doing that, my ...
by Primus
31 Dec 2016 18:38
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

Karan Ji, thanks. I don't have any relatives in Hyd and don't have an ATM card for the bank. In the US, even when you walk into a bank with a check to withdraw money, you have to show your ATM card and swipe it at the cashier window before you hand over the withdrawal slip. I do have a check book s...
by Primus
31 Dec 2016 00:28
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

Primus sir, do you have relations n Hyd? Have them give you cash and rlthen you write them a check. Problem solved. Or you go to the bank for which that account exists and use a withdrawal slip. Karan Ji, thanks. I don't have any relatives in Hyd and don't have an ATM card for the bank. In the US, ...
by Primus
30 Dec 2016 17:31
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

Need some help from folks here, particularly Murthy Ji. Going to Hyderabad next week. I do have an SBI account, but no ATM card for it, just a check book, it is my late father's legacy account for which I have joint custody. In the past for trips to India I've either used CC or simply withdrawn cash...
by Primus
29 Dec 2016 18:04
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

How much do Visa and MasterCard charge? Is it a percentage basis or is there a flat fee after certain amount. If they charge 3% for 100 dollars, its kind of acceptable. If they charge the 3% for 1000 dollars, its a serious dent in profits for the merchant. If the merchant factors that into the cost...
by Primus
24 Dec 2016 18:40
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

I've read with interest, the posts on doctors and their acceptance (or reluctance) of digital payments. My family visits a prominent doctor in Bangalore, who like me, is from a fauji family. While most of his patients pay in cash, he reports that income in his returns. He has however been encouragi...
by Primus
24 Dec 2016 18:30
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

. Allowing 20,000 to bu sucked out of an ATM in one go may be something that all of us have done on occasion but that is higher than a month's wages of most Indians and taht limit is squarely aimed at the wealthy and convenient for a cash economy of people who spend in 500s and 1000s. This will nee...
by Primus
23 Dec 2016 20:49
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

^^

If you remember the 'mince pies' around Christmas times on all the hospital wards where they had a room set aside for holiday goodies, they were simply dried fruits in sweet syrup baked into little pies. Sounds like a meat pie but is really a dessert.
by Primus
23 Dec 2016 19:51
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

http://i.imgur.com/SVse6X8.jpg :lol: :lol: Donations to registered NGO's are tax exempt and therefore get donations in white, so why on earth would one be hit by DeMo ? She sounds more like someone whose NGO has been hit by enforcement of FCRA, for NGO's getting foreign funding. As Lilo Ji said ear...
by Primus
21 Dec 2016 21:02
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

No PM other than Modi has had the boldness to take up this very risky process of demonetization That is factually incorrect. The first demonetization happened in 1978. Factually you are correct, but only partially. The first demonetization happened in 1946. However, only the notes that most Indians...
by Primus
18 Dec 2016 19:23
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

Met my old classmate who runs a prominent shop in town. He was complaining about DeMo saying it was a good move but "executed badly". ....................... Many people dislike Modi intensely but are reluctant to come out openly and say it. So they will pick one or two points about him o...
by Primus
17 Dec 2016 19:21
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7145
Views: 371033

Re: Currency Demonetisation and Future course of Indian Economy

Without going into the pros and cons or the completeness of the list.. This is first order thinking. At the very least the "lists" should be weighted. Going deeper it's time-varying, nonlinear, ...here once you assign the weights no further analysis is needed. My take is like this :- a. N...

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