Bharat Rakshak

hanumadu

If there is an inheritance tax it will not affect 99% of the people. It applies to wealth only after a certain limit. Most people would fall out of it. But that makes rumor mongers go spread all lies and spread chaos. why now? It should be one of the easiest rumours to squash. No body said change w...

hanumadu

If there is an inheritance tax it will not affect 99% of the people. It applies to wealth only after a certain limit. Most people would fall out of it.

hanumadu

GST is causing people's turnover to increase 10 fold. :mrgreen: Amit Phatak‏ @amphaa 4h4 hours ago More This ET Wealth query gives fair idea of level of under-reporting of numbers pre-GST. 10-fold increase in sales @Moneylifers @mihirssharma https://pbs.twimg.com/media/DMTx4VUVoAAk0gu.jpg:large

hanumadu

http://thetruepicture.in/gujarats-agricultural-story-the-modi-miracle/ Beautiful article on how Gujarat's crop yield rose 80% from 2000-2001 to present. Lots of stats and figures. Gujarat is largely a semi-arid to arid region. The success of Gujarat’s agricultural sector lies to a large extent in t...

hanumadu

http://www.morganstanley.com/ideas/digital-india?cid=sm_corp_TWITTER_MorganStanley_20171015&linkId=43488098 Now, a new report from Morgan Stanley Research finds that two major initiatives—digitizing its predominantly cash-based economy and reforming its archaic tax system—have the potential to ...

hanumadu

https://timesofindia.indiatimes.com/india/indian-economy-on-very-solid-track-imf-chief-lagarde/articleshow/61087189.cms "We have slightly downgraded India, but believe that the country is for the medium and long-term on a growth track that is much more solid as a result of the structural refor...

hanumadu

Not related to India but ....

hanumadu

All congis and commies have been quoting this report on SM for the last month or two inspite of many people pointing out the discrepancies. 1. The 2014 report ranked only 76 nations. India was 55 out of 76. 2. The 2017 report ranked 119 nations. 3. The scoring methodology changed in 2015, so even t...

hanumadu

India slips 3 notches to 100 on Global Hunger Index; trails N Korea, Iraq India has a ‘serious’ hunger problem at hand, with the country slipping three notches to 100 among 119 countries on the Global Hunger Index (GHI), 2017. This is worse than the likes of North Korea, Bangladesh, and Iraq, and b...

hanumadu

When a system is so corrupt and inefficient then money in private hands is far better than being in the hands of the public corrupt. Most of BM is just that money with unpaid taxes, not criminal. There is a systemic issue at play here. Blaming groups and individuals does not help. To what degree th...

hanumadu

http://www.financialexpress.com/economy/growth-speeds-up-as-industrial-production-rises-4-3-in-august/892084/ Double bonanza for economy: Macros improve as inflation down, factory output up The industrial production, which grew a meagre 1.2%, bearing the brunt of a dismal show of the manufacturing ...

hanumadu

While the weavers in Bhiwandi's and Ludhiana are suffering, the Bangladeshi perception is that Indian competitiveness in the US garment market has increased.http://www.thedailystar.net/business/india-fast-catching-bangladesh-1475272 Decade ago many Indian garment exporters shifted to BD. They might...

hanumadu

^^ There is a marked slowdown in Solar and Wind projects lately.Most of the reports by IEA and investment advisory firms go blindly by government announcements without taking into consideration the past track record and potential challenges. As usual the Power ministry baboons would have come up wi...

hanumadu

Slowly our imports are now at about USD 384 Billion( yes oil prices play a part). But it will take a few years before we have set up to start make in India. Afterall factories and land acquisition, port infrastructure all take time. One key sector which was threatening to become even bigger compone...

hanumadu

And it is probably not an issue for 90% of Indians even now. The sticker shock is more acutely felt when you bill 1000 or 2000Rs, out of reach of most middle class folks. Most middle class folk don't eat out even once in a month. At least my family doesn't who live in a B town where prices are much...

hanumadu

Economics nobel prize winner supported DeMo

hanumadu

May be I am from a old generation, why is restaurant prices such a prime issue in the daily life of Indians? If someone feel the prices are high, don't go to restaurant. The owners will reduce prices once they see the sales are falling. Atleast in my generation, going to restaurant was not part of ...

hanumadu

https://blogs.economictimes.indiatimes.com/et-commentary/gdp-slowdown-despite-all-the-gloom-in-macroeconomic-terms-the-economy-is-remarkably-stable/ Brilliant article on why it is prudent to sacrifice growth in the short term for macro economic stability. Its too soon yet to start saying 'The sky i...

hanumadu

https://www.cleanmoney.gov.in/?q=content/clean-money-analysis The info in the operation clean money portal is worth a read. It is the first time to my knowledge that GOI has put up such detailed data on the action against against high value deposits. Lengthy documents but worth a read (particularly...

hanumadu · Re: Indian Economy News & Discussion - Aug 26 2015 Pre GST and post GST prices.

Pre GST and post GST prices.

hanumadu

A company like Lanco has more than 40000 cr debt. Even with a debt/equity ratio of 80:20, Lanco must come up with 8,000 cr as equity. Where did it get such amounts from? I doubt it even generated such amounts as revenue let alone profits through out its operating history.

hanumadu

http://www.opindia.com/2017/10/banks-provide-shocking-data-relating-to-demonetization-activities-of-suspected-shell-companies/ Quite a bit of info here. However, from 9th November, 2016 i.e. after the announcement of demonetization, till the date of their being struck off, these companies had altog...

hanumadu

Taxes in US are considered less than in Europe. Even then there is a state tax in US which gets cut right out of your income and then there is a sales tax on items purchased. The net effect of them both is probably more than the 18% you pay in India. Not to mention the minimum 15% tip you are made t...

hanumadu

The hardest part is the NPA issue which will require compliance from courts to push for bankruptcy / asset stripping. The problem with the "Bankruptcy" stuff in India is that it wont work in India given the ownership structure of the banks. In any bankruptcy, the equity holders are wiped ...

hanumadu

My thoughts are well captured in the article below. Pasting in full as a response to PM Modi's selective articulation, which is fine but failed to address the key issues. Narendra Modi speech: PM’s data is impressive but it’s selective and fails to answer tough questions Fifth, Modi was largely sil...

hanumadu

http://12227-presscdn-0-12.pagely.netdna-cdn.com/wp-content/uploads/2015/10/india-new-gdp-graphic2.png There is no 'oldseriesgdp = newseriesgdp - 2' hard and fast rule. The above article has gdp estimates under old series and new series until 2020 and after 2018, the old series gdp is higher than t...

hanumadu

What is the difference between old series and new series? Is it the change in base year or change in methodology or both? http://blog.frontierstrategygroup.com/2015/10/indias-new-gdp-series-and-why-it-matters/ The revision was twofold. First, the CSO changed the base year from 2004-2005 to 2011-201...

hanumadu

What is the difference between old series and new series? Is it the change in base year or change in methodology or both?

hanumadu

Except Bihar and Manipur, all other states have crossed 1000$. Chattisgarh, MP and Rajasthan are close to national average. A few more terms of stable and honest govt will do wonders for those states.

hanumadu

Interview with Hasmukh Adia on GST.
http://timesofindia.indiatimes.com/business/india-business/gst-puts-a-premium-on-honesty-will-take-steps-to-address-concerns-of-smes-revenue-secy/articleshow/60903871.cms

hanumadu

https://twitter.com/harshmadhusudan/status/914498210282004481 Harsh Gupta‏Verified account @harshmadhusudan 12h12 hours ago While RBI's error along with GST, RERA, Demon etc may delay the boom (and have political consequences), it is coming. See RE (source: CLSA). https://pbs.twimg.com/media/DLDzQe...

hanumadu · Re: Indian Economy News & Discussion - Aug 26 2015

hanumadu

They have been trying to sell Air India, but no buyer.

hanumadu

VAT in UK isn't a flat rate of 20% on everything. Food and medicine is zero rated. Energy - gas and electricity is taxed at 5%. Only things that are not a basic necessity for survival are taxed at 20%. Even so, 20% is it. There are no higher rates and there are no hidden taxes on everything ie cess...

hanumadu

Chandragupta wrote:Composite scheme is doa. You cant sell out of state, you get no credit for tax you pay and you cant sell via ecommerce. Doesnt make much sense.

Sounds like you are speaking from your own perspective. I can imagine a lot of businesses who satisfy those conditions.

hanumadu

businesses will always look for an opportunity to hike prices when others are hiking..whether it is "justified" or not. darshinis in bangalore operate on extremely high margins. Their inputs are untraceable in money trail terms as even today it continues in the tried and tested black mode...

hanumadu

Banks are flush with money after DeMo and JanDhan. Industry is not willing to take fresh loans and they won't until they deleverage themselves and start generating profits. And there is idle capacity in steel and power. The only way higher growth could have been generated was just write off all the ...

hanumadu

How come GSTN was not ready with most of the features in nearly 2 years and 3,000 crores later? 3,000 crores should go a long way in India. Infosys has a reputation to keep and they messed up.

hanumadu

^^^A congressi would have been proud of your list of evils under Modi. But then there is no way to say you are not a congressi.
What ever it is I am totally convinced that my vote this time should go to congress and I am sure, so would be many others on this forum.

hanumadu

https://blogs.timesofindia.indiatimes.com/toi-edit-page/floor-hasnt-fallen-through-dont-go-by-feel-economic-data-call-for-measured-rather-than-precipitate-action/ By Arvind Panagariya Read it all. The government must especially resist the temptation to go on a spending spree pre-emptively. It has t...

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