Search found 198 matches

by shyamal
17 Nov 2016 19:38
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

If this situation continues on next Monday then you wont need troublemakers. Those wholeheartedly supporting till now will not want to suffer any more. People have been very patient till now. There is a limit to that. Not everyone is middle-class IT-savvy folks like us. Can you please give an examp...
by shyamal
17 Nov 2016 18:27
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

If this situation continues on next Monday then you wont need troublemakers. Those wholeheartedly supporting till now will not want to suffer any more. People have been very patient till now. There is a limit to that.

Not everyone is middle-class IT-savvy folks like us.
by shyamal
17 Nov 2016 18:24
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

Plenty of exchange money available in the banks in Kolkata. No crisis of that yet.
The problem is the long queues and the lack of cash in ATMs.
by shyamal
17 Nov 2016 17:42
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

If things dont improve soon, people are likely to turn against this move. Completely agree. And "soon" is most likely another 2-3 days maximum. Releasing Rs 2000 was a bad move. They should have released rs 500. Has anyone got a 500 yet? from bank or ATM? I don't know anyone who has got it.
by shyamal
17 Nov 2016 16:52
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

In almost all cases of transactions below 4000 to 5000 replacing cash is going to prove futile. Govt should not waste their effort on it. Trying to implement that(by lesser number of notes ) is going to be catastrophic for the economy in short term. And many people may not survive beyond the short t...
by shyamal
17 Nov 2016 13:43
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

From what I saw on my way to office - the queues in front of banks have halved. I seriously pray that the ATM situation gets better soon. Its still bad. But more or less - its normal life in my corner of Kolkata. BTW - rubbing off indelible ink used to be an old trick. I have not heard it happening ...
by shyamal
17 Nov 2016 03:29
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

A vast amount of transactions below Rs 500 happen everyday. Bus tickets, train tickets, small purchases of rs 20-50, buying a news paper or a magazine. Under the present conditions its not practical that they will all become cashless in 1 month. Its these transactions, and the (mostly) poor who deli...
by shyamal
17 Nov 2016 02:21
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

Please read this piece from Firstpost. A journalist has gone to rural MH(Kasara) and there are three short videos of peoples reaction. He tries in a subtle way to get negative reacts. All reactions are positive. People talk about inconveniences but are ok with it because they are convinced it will b...
by shyamal
15 Nov 2016 21:16
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

I had no plans of withdrawing money. I had a stock of 100s in my wallet and had reduced my cash expense to minimum. I was doing everything with credit cards. This evening I went to the market to buy some sports goods for my son. Paid with cash. While shopping I noticed that the SBI ATM opposite the ...
by shyamal
15 Nov 2016 16:15
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

I don't think its because of Mamata. Most bank employees are working till 8pm. Transactions are going smoothly but the volumes are huge. Not many complains about bank. I do not know much about rural areas but no report of any largescale disturbance. The issue is ATMs. Cash logistics are not controll...
by shyamal
15 Nov 2016 16:11
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

Has distribution of Rs500 new notes started through banks?
Any idea of the timeline for recalibration of 20% ATMs in metros?
by shyamal
15 Nov 2016 15:54
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

In Kolkata very few ICICI ATMs have cash - maybe 5%. Others are closed. Other Pvt bank ATMs are all closed.
by shyamal
15 Nov 2016 14:07
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

What is the situation with ATMs in your localities?
None are running in my locality since last 1 week now.
by shyamal
15 Nov 2016 01:02
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

I heard that airforce is being used to transport notes. Any links?
by shyamal
13 Nov 2016 06:04
Forum: Trash Can Archive
Topic: Sunni Terrorist Fragments of Unstable Pakistan- November 7, 2016
Replies: 2857
Views: 417893

Re: Sunni Terrorist Fragments of Unstable Pakistan- November 7, 2016

Notes + Trump... and everyone has deserted Pakistan :(
Its 52 now
http://www.dawn.com/news/1295928

On other days it would have added at least 3 pages to the thread.
by shyamal
13 Nov 2016 05:54
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

Asking bribe works as long as it is possible to pay it, even if at great inconvenience. If No one can pay the bribe - no one will have the cash to pay it at this moment - this guy is just risking a public shaming on social media and then a suspension. It just needs one passenger to take a pic and p...
by shyamal
13 Nov 2016 05:34
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

Looks fake to me. No official wants to attract attention to them by stopping so many people for 4 hours. In this day and age, no one will tolerate it. The guy is a friend, I know him personally. Have you passed through Coimbatore/ Walayar Check post http://www.thehindu.com/news/national/kerala/vs-a...
by shyamal
13 Nov 2016 05:30
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

Think the point is that some people are going to lose out in this move to a cashless economy because their money is now worth less if it is worth anything at all. They will not be out spending as they used to because of that. Therefore it would be good to inject some stimulus into the economy to ti...
by shyamal
13 Nov 2016 05:07
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

Try giving 89 people salaries every month and see the difference. You are a business owner. You take great risks. When you succeed you reap rewards which you richly deserve. When you fail, you fail your dependents - family and employees. And yes - failure to anticipate a change in govt regulation a...
by shyamal
13 Nov 2016 04:18
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

You want sarkari corruption to stop? Newsflash - we all want that :) It seems for the first time in the history of India we have a leader who is serious about corruption - to the tune of risking his entire career through a very risky move. I am sure Modi knows how wrong it can get and how soon riots...
by shyamal
13 Nov 2016 04:11
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonetisation and Future course of Indian Economy

People who dont have to face such impediments and are not responsible to anyone but themselves will definitely be happy. I dont care about black money, but this move has some serious collateral damage, as long as modi is not handling that part of it. Also, as a moderator pointed, obivisouly at me, ...
by shyamal
12 Nov 2016 00:38
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonitisation and Future course of Indian Economy

In Bengaluru there are hundreds of mithai shops that sell with receipts. Normal practice. of course street vendors don't do that Shiv the penetration of card payment, receipts etc is far greater than any other city in India. Not even Mumbai could match it. Even buying flats in BLR with 100% white m...
by shyamal
11 Nov 2016 04:30
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonitisation and Future course of Indian Economy

My maid went to bank this morning to exchange cash. Queued for four hours and got Rs 2000 - all in 100s and 10s. She is very happy about the whole thing. Also - I have spoken to lots of people today - poor and middle class. About 90% are happy about it though many had to face small inconveniences. C...
by shyamal
10 Nov 2016 18:19
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonitisation and Future course of Indian Economy

And stock markets(after the initial jitters yesterday) has reacted positively today :)
http://www.business-standard.com/articl ... 785_1.html
by shyamal
09 Nov 2016 03:02
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7870
Views: 807619

Re: Currency Demonitisation and Future course of Indian Economy

Having black money - however small your business is and then crowing about how nothing was being done to fight corruption/swissbank etc etc :D
by shyamal
01 Nov 2016 20:24
Forum: Strategic Issues & International Relations Forum
Topic: Internal Security Watch
Replies: 4769
Views: 630768

Re: Internal Security Watch

also there is another video which shows the suspects were trying to surrender ; I would rather have them surrendered and put back in jail ; -'s given a death sentence than the policeman killing them while on encounter ; if they were ready to surrender ; then the police shouldn't have killed them , ...
by shyamal
27 Oct 2016 21:14
Forum: Strategic Issues & International Relations Forum
Topic: Be Indian Buy Indian
Replies: 176
Views: 22940

Re: Be Indian Buy Indian

Just a brainstorming - Most products(other than those of big brands where we can google and know the manufacturing location) on e-tailing sites like snapdeal or flipkart do not mention the country of origin. What will be the effect if there is a legislation (or strong public demand) to disclose that...
by shyamal
27 Oct 2016 20:51
Forum: Strategic Issues & International Relations Forum
Topic: Be Indian Buy Indian
Replies: 176
Views: 22940

Re: Be Indian Buy Indian

Cheers :)
http://timesofindia.indiatimes.com/worl ... 096140.cms

Its working :) That's very encouraging.
by shyamal
20 Oct 2016 00:03
Forum: Strategic Issues & International Relations Forum
Topic: Be Indian Buy Indian
Replies: 176
Views: 22940

Re: Be Indian Buy Indian

I mean, seriously, how many average consumers will go the length of specifically buying only steel chairs made in India, for example? And how much is that gonna hurt trade with China? 1. Conscious consumers like us can start making a difference. 2. Buy Indian yourself and politely let the shop-keep...
by shyamal
19 Oct 2016 21:35
Forum: Strategic Issues & International Relations Forum
Topic: Be Indian Buy Indian
Replies: 176
Views: 22940

Re: Be Indian Buy Indian

I went to an eminent mall in the city to purchase some sports & other items. In every shop, I asked if the goods were made in China. Surprisngly, in many shops they were emphatic that they do not sell any Chinese products. Very gratified by that response. In the other shops, I told them the rea...
by shyamal
11 Oct 2016 23:17
Forum: Military Issues & History Forum
Topic: Indian Army News & Discussions - 11 June 2014
Replies: 4303
Views: 753642

Re: Indian Army: News and Discussions 11 June 2014

jamwal wrote:http://blogs.timesofindia.indiatimes.com/toi-edit-page/honouring-faith-and-secularism-in-the-armed-forces-men-who-fight-together-must-pray-together/

Thank you very much.
by shyamal
11 Oct 2016 21:30
Forum: Military Issues & History Forum
Topic: Indian Army News & Discussions - 11 June 2014
Replies: 4303
Views: 753642

Re: Indian Army: News and Discussions 11 June 2014

Is there an URL for Gen Hasnain's article?
I would love to read the whole thing.
by shyamal
06 Oct 2016 02:02
Forum: Strategic Issues & International Relations Forum
Topic: Sunni Terrorist Fragments of Unstable Pakistan-13 June,2016
Replies: 2846
Views: 365839

Re: Sunni Terrorist Fragments of Unstable Pakistan-13 June,2016

No need to convince me: it's the Paki citizens and military personell that need convincing. Pak citizens and military personnel deny OBL raid to this day. Anyone with a ounce of grey matter in Pak know what has happened. Over the last 2-3 days slowly "its a fake" thing has stopped. Now it...
by shyamal
06 Oct 2016 01:40
Forum: Military Issues & History Forum
Topic: Army strikes terror camps in PoK
Replies: 2258
Views: 304525

Re: Army strikes terror camps in PoK

Flame throwers were used http://indiatoday.intoday.in/story/surgical-strike-pok-para-special-forces-india-army-pakistan/1/781103.html If India is determined in its way then the only thing that Perkoviches of the world can do is wring their hands in impotence. Cong and AAP are getting a beating among...

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