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Search found 275 matches

by RajeshG
08 Aug 2017 02:09
Forum: Strategic Issues & International Relations Forum
Topic: Neutering & defeating Chinese Threat (09-08-2014)
Replies: 8069
Views: 508255

Re: Managing Chinese Threat (09-08-2014)

@chola, You have been arguing for war. What are the war goals (physical ones, not psychological)? What is the actual change on the ground you want before ceasefire in - say - two weeks? What pieces of land do you want to take from them & what are you willing to lose, if any? not chola and no ge...
by RajeshG
05 Aug 2017 01:43
Forum: Strategic Issues & International Relations Forum
Topic: Neutering & defeating Chinese Threat (09-08-2014)
Replies: 8069
Views: 508255

Re: Managing Chinese Threat (09-08-2014)

My CT is that NaMo did this to get even with elevn. I think early part of NaMo's tenure he tried to be great host and be a friend to everybody. And Xi embarassed him at the worst time. NaMo is prob just telling him, look we both cannot do full scale wars, so why not chill, because everybody can play...
by RajeshG
01 Feb 2017 13:53
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

CBDT chairman Sushil Chandra said the Tax Department has data that show over one crore bank accounts with deposits of above Rs 2 lakh and involves 70 lakh permanent account numbers (PAN). While the online platform, which is part of 'Operation Clean Money', will ask the identified taxpayers to fill ...
by RajeshG
25 Jan 2017 14:30
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

Subbarao: Note ban may be akin to Iraq WMD fiasco if results not tangible Q: Your litmus test, you said, should be at least 1 percent more taxes. You mean 1 percent of GDP? It rises from 11-12 percent or whatever? A: Right. At least 1 percent, otherwise I do not think the cost benefit calculus woul...
by RajeshG
18 Jan 2017 23:57
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

http://economictimes.indiatimes.com/news/politics-and-nation/manmohan-singh-asks-finance-committee-members-to-show-restraint-with-urjit-patel/articleshow/56652611.cms Manmohan Singh asks finance committee members to show restraint with Urjit Patel According to an MP, Singh, a former governor of RBI ...
by RajeshG
13 Jan 2017 17:39
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

http://economictimes.indiatimes.com/industry/banking/finance/demonetisation-bank-credit-growth-slowest-in-decades-say-economists/articleshow/56366040.cms Growth of bank credit fell to a multi-decade low of 5.1% for the fortnight ended December 23, as drying up of demand in the last two months of the...
by RajeshG
13 Jan 2017 17:32
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

http://www.livemint.com/Industry/1lTF2ese16LYmzlz6mRmdI/MSMEs-face-debt-repayment-issues-due-to-demonetisation-Cris.html One in every three micro, small and medium enterprises (MSMEs) has been facing delays in receivables from clients because of demonetisation, causing difficulties in repaying credi...
by RajeshG
12 Jan 2017 14:38
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

Right. Also lot of these SMEs arent 100% export oriented units. Most of these factors, industries and individual businesses cannot be looked at in isolation IMO. Just like everyone has been claiming that cash is the grease that oils the shadow economy, the rest of the economy is ( or was ) oiled by ...
by RajeshG
12 Jan 2017 13:22
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

I think people get unneccesarily defensive about slowdowns. Bibek Debroy articulated really well in one of his interviews. He said its a given that there is going to be slowdown for one or two quarters no doubt and then things will start to normalize. He said its hard to estimate how much of a slowd...
by RajeshG
12 Jan 2017 13:04
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

This following makes me doubt the report: Medium and large scale industries, including foreign companies, engaged in export-oriented activities reported 30 per cent job losses and 40 per cent revenue fall. This is likely to be 35 per cent and 45 per cent, respectively, by March. Why should export-o...
by RajeshG
05 Jan 2017 16:10
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

http://www.thehindubusinessline.com/opinion/measuring-impact-of-demonetisation-in-india/article9459507.ece It was reported that the total currency issued over the counter was about ₹35,000 crore , which would be about 2.3 per cent of the total demonetised currency . A number I havent seen before bu...
by RajeshG
05 Jan 2017 15:49
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

The figures of 3 LC etc not coming back into banking system was being very loudly announced in early days. For eg Gurumurthy himself was quoting SBI that 3LC wont come back. And then govt will get 2LC tax on rest of BM. Hence there would be a 5LC windfall and so on. So these numbers arent being manu...
by RajeshG
03 Jan 2017 09:51
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

I studied the RBI statistics (bulletin.rbi.org.in) and found to my surprise the electronic transaction have actually collapsed following DeMon. I am talking about massive 30-40% decline here. The only explanation is that economy took a massive hit. I think one needs to look at previous years and se...
by RajeshG
31 Dec 2016 17:18
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

Bartji, is there a place where the security/privacy aspects of the BHIM app is discussed ?
by RajeshG
31 Dec 2016 17:16
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

Assessing Demonetisation: Minsky Provides The Link That Traditional Economics Misses Credit is financial money that differentiates black economy from a white/cash white economy. Black economies have very low credit. When was the last time you paid bribe in credit? Or paid dowry in credit? Or bought...
by RajeshG
30 Dec 2016 12:51
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

RajeshG "No the explanation will probably be shown as cash on hand. Not income." If your reported incomes and known assets taken together, cannot explain the latest cash deposit post demonetisation announcement, it will be treated as income on which tax has not been paid. Yes of course. I...
by RajeshG
30 Dec 2016 12:46
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

He said that Rs 1.5 lakh crores of double black is being destroyed, implying that it will not be deposited. But Rs 14 lakh crores is already back and nothing got extinguished. Is he changing the target to Rs 15.4 lakh crores? Looking at today's lines we will hit Rs 15 lakh crores. That means lot of...
by RajeshG
30 Dec 2016 11:15
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

I think Debroy's estimates are most reasonable i have seen so far. It might provide some context for these numbers. http://www.business-standard.com/article/economy-policy/demonetisation-s-impact-on-gdp-growth-won-t-be-very-significant-in-fy17-bibek-debroy-116112000633_1.html While Rs 14 lakh crore ...
by RajeshG
30 Dec 2016 10:13
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

From TOI - Rs 4 lakh crore of cash deposits so far may be suspect, estimates I-T Actually, quite well written by Sidhartha TNN. Added gems such as: Data with the income tax department shows that till December 17, cash deposits of Rs 80 lakh or more added up to nearly Rs 4 lakh crore, which flowed i...
by RajeshG
30 Dec 2016 10:03
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

shiv wrote: "extra windfall income" in the 2015-16 period it won't be easy


No the explanation will probably be shown as cash on hand. Not income.
by RajeshG
30 Dec 2016 01:47
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy



I can never get these zeroes right. But does that mean 10L per depositor ? I would think thats not much - i am sure lots of cash driven people/businesses/CAs would be able to explain that.
by RajeshG
29 Dec 2016 18:41
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

I dont know how to post images from the article, but all interesting stats. http://www.bloombergquint.com/opinion/2016/12/29/hype-around-cash-to-gdp-ratio-misses-critical-nuances It is difficult to conclude whether a lower CIC-to-GDP ratio is a sign of a more developed or structurally evolved econom...
by RajeshG
28 Dec 2016 01:16
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

http://economictimes.indiatimes.com/news/politics-and-nation/bjp-makes-big-plans-for-another-big-announcement-in-pms-rally-in-lucknow-on-jan-2/articleshow/56209594.cms ET spoke to several senior BJP leaders, all of whom spoke off record, for details of the Modi rally on the second day of the New Yea...
by RajeshG
28 Dec 2016 00:20
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

I really doubt there would be a single person in UP who would change their votes because of 100cr discovery or would be surprised in any way. I also doubt demo would change the election spending pattern in any way. But what NaMo has definitely done is change the narrative. He has definitely changed ...
by RajeshG
23 Dec 2016 13:18
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

A survey of the Urban Poor. - Audio report. Episode 7 - Coping with 'Notebandi'(Demonetisation): Voices of informal workers Thanks Shaurya, very interesting. There are many interesting things in the podcast. The one that stood out for me were - even credits for non-perishable goods ( P&G, HUL )...
by RajeshG
22 Dec 2016 15:35
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

http://www.firstpost.com/politics/i-t-raids-on-p-rama-mohana-rao-bjps-last-ditch-effort-to-make-something-out-of-demonetisation-3168444.html The first question that the raid on the office of the Tamil Nadu chief secretary P Rama Mohana Rao raises is this: Had Jayalalithaa been alive, would this have...
by RajeshG
22 Dec 2016 10:25
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

It is in my view the ecosystem that is the invisible elephant, not just the parties or single politicians. Sure you can argue that. In the previous IDS scheme 67k cr was declared by 21k people. So that is 3 cr per person on avg, by no means big fish. In addition TV channels do continuously show bun...
by RajeshG
22 Dec 2016 10:13
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

The moneycontrol link from yesterday had the cnbc anchor speculating 50k not coming back, I think.
by RajeshG
22 Dec 2016 10:04
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

Any update on total money deposited so far. Till Dec 1st week, it was around 12L crore mark. I havent seen any RBI press releases but the closest to official sources was on dec 15. The figure was 13 l cr. http://www.moneycontrol.com/news/cnbc-tv18-comments/received-rs-13-lk-crdeposits-so-far-attorn...
by RajeshG
22 Dec 2016 09:44
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

I think people feel vindicated for their hardships in demonetization when they see ANYONE, even so-called "small fish" in the black money game, being apprehended. This may very well be true. And probably this is what NaMo is aiming for to expand his vote base. The resounding victories tha...
by RajeshG
22 Dec 2016 00:18
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

This was about a week ago. I am not sure how credible this report is. This dropped to 20-30% in the following weeks and settled at 10% a week back. Interestingly, in the last few days the situation has reversed. Now if you have Rs 1crore in cash, there are people willing to take the money off your h...
by RajeshG
22 Dec 2016 00:12
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

Since the ban of high-value currency notes on November 8, close to Rs 14 lakh crore is back in the banking system, tell sources to CNBC-TV18. According to them, this may also be the reason for the Reserve Bank of India (RBI) to restrict deposit of old Rs 500 and Rs 1,000 notes, worth more than Rs 5...
by RajeshG
22 Dec 2016 00:00
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

Upto now 3100 cr undisclosed income has been recovered. This is upto december 19th. http://www.ndtv.com/india-news/tax-officials-detect-3-185-crores-in-black-money-seize-86-crores-in-new-notes-1640053 NEW DELHI: In raids across the country post the November 8 ban on 500- and 1,000-rupee notes, the I...
by RajeshG
21 Dec 2016 12:55
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

Dasari wrote:As I said the rules that Arun Jaitley is changing are based on how fraud is happening on the ground.


Yes tweaking would be neccesary but too much tweaking and it starts becoming a credibility problem or worse competence problem.
by RajeshG
21 Dec 2016 12:33
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

BJP scored a major victory in Chandigarh municipal elections ( 21 out of 26 ). AAP didnt contest. How much of that can be extrapolated to Punjab. Does anybody have any thoughts ? I dont know how realistic this opinion is but this is the general feeling. Is this accurate ? http://www.dnaindia.com/ind...
by RajeshG
20 Dec 2016 21:07
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

Yes certainly. R Jagannathan refers to the tribune article below.

http://www.tribuneindia.com/news/nation ... 38923.html

First time i am hearing 20 l cr figure.
by RajeshG
20 Dec 2016 14:14
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

VIJAYAWADA: Andhra Pradesh Chief Minister N Chandrababu Naidu today said demonetisation was not what they wished for, adding he was still breaking his head as a solution to the ongoing (currency) crisis remained elusive. "Demonetisation was not our wish but it happened. More than 40 days after...
by RajeshG
20 Dec 2016 12:50
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

Why is Chakravarti's article full of sh1t ? Can somebody please explain without getting too emotional ? The author seems to be all for cashless economy. In fact the paper that is linked to in that article seems to be a treasure trove of numbers for those so inclined and is a very interesting read. h...
by RajeshG
16 Dec 2016 01:24
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

Suraj, regarding double-counting. http://economictimes.indiatimes.com/articleshow/55867288.cms SBI, which had been releasing its collection data on a daily basis, has stopped reporting the numbers this week, stating that these were not giving the right picture as they included interbank deposits and...
by RajeshG
16 Dec 2016 00:47
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7409
Views: 450529

Re: Currency Demonetisation and Future course of Indian Economy

Sorry this doesnt add any valuable info but it cracked me up. http://economictimes.indiatimes.com/news/politics-and-nation/rahul-gandhi-law-bound-to-report-explosive-information-about-pm-modi-to-police-subramanian-swami/articleshow/56004009.cms "He (Rahul Gandhi) is bound by the law, criminal p...

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