Bharat Rakshak

kiranA · Re: Indian Economy News & Discussion - Nov 27 2017 Deleted

Deleted

kiranA

yes I too do not understand the logic of a rate hike at this point when we are trying to put together a string of high growth years... RBi has been forced to balance two major things which now became contradictory leading to policy confusion. It needs to manage GoI debt (has an objective to reduce ...

kiranA

What do folks think about first rate hike by RBI after 2014 ? I think it makes government job much harder. GoI borrowing costs have been rocketing with 10 year bond yields shooting up form say 6.3 something 2017 august to close to 7.9 per cent now primarily due to lack of interest in goi bonds. Trad...

kiranA

So GoI claims growth for 2017-18 will be 6.6%. Taking them as it is (they are generally revised later), I did a math to see how richer or poorer have indians become on per capita basis in the last year. I took last year exchange rate at 64.5 and this years at 67.5 (fair approximations). Assuming pop...

kiranA

1) Xi phoenmoenon to me stems from more confidence among Chinese in their political system. They removed the restriction of two terms (that restriction doesnt exist in a vast majority of countries anyway. dont forget Xi still needs to be re-elected.) Regarding their economic and international goals...

kiranA

1.The tea in boston tea party was from china 2. The protest was not against company but against taxation by their govt (Americans then were Englishmen) - ironically like a tariff :lol: 3. Mittal makes no steel in india - they have mou but no actual manufacturing 4. The steel in India is largely made...

kiranA

I wonder if "Indian steel" exists. From what I hear, the Mittal Steel enterprises insist that they are ****BELGIAN***** company. So GOI may ask them to go check with the Belgian Embassy for help. India is worlds second largest steel producer. Exports are around 3 billion USD to USA alone....

kiranA

News came out that trump is working China to help restore zte which almost closed its business after trump ban a week ago . It’s pretty sharp u turn. No such backtracking for India on h1 or h4 visa or even exemptions from proposed tariffs on Indian steel.

kiranA

Interesting to note that they still use word "comrade". Like Comrade President of Russian Federation....sounds wierd. Putin and modern russians are very proud of their communist heritage. Very proud of achievements of Soviet. They hate what Gorbachev and the drunk Yeltsin did to their cou...

kiranA

Nepal is a land locked ultra poverty stricken country with no resources of any sort and surrounded by wilderness on north. What leverage such a country really has? Nevertheless even it plays India and India is unable to get them to do even fair things like treating Madhesis with dignity. I really do...

kiranA

Another possible reason is that this scrapping of deal may be the Trump way of making up for his tepid response to Syria and throwing sunni allies under the bus. Going against Syria means going against Russia and Trumps voter base hates the idea of going against Russia. But going against Iran has no...

kiranA

Basically India is throwing under bus all its strategic interests and is getting sweet words from Oli in return. No longer talk about Madhesis who are india's brethren , no talk about change to constitution for which a defacto embargo was imposed. Oli continues to play china card as he choses it is ...

kiranA

Speaking on practicals - the biggest losers are Iran, India and USA. The winners are China and saudi. Iran has been delivered to China and if europe keeps the deal with Iran then a stronger iran has been delivered to China. Saudis benefit from any middle east turmoil because it increases oil prices ...

kiranA

Meanwhile Brahma chellaney a known hawk on china makes pretty much the same points I make (ofcourse others too like Manoj Joshi of ORF https://www.orfonline.org/research/modi-meets-chinas-xi-wuhan-india-starts-position-weakness/ and Sadhanand Dhume of wsj makes the same point https://www.wsj.com/art...

kiranA

This is a terrible disappointment and reminds me of demon where modi took a secret decision and sprang a surprise on everyone. We all know how that went. kiranA, what has it got to do with this thread ? Don't attempt derailment. Take it as an informal warning. It was just a comment on the style of ...

kiranA

I say i doubt chinese really have a goal to replace us because chinese have shown in past that they are quiet happy to play along as long as usa accords china the same priveleges it accords itself. Chinese are enthusiastic participant in UN P-5 regime, NPT regime, and generally opposes expanding of ...

kiranA

ramana, I have not read that book, 'Third Revolution' yet. All in good time. But, I will summarize my assessment of the Xi phenomenon. The fact remains that Mao wanted to consolidate China after the revolution and eliminate threats from the periphery and from inside as well. Though China had wars w...

kiranA

http://www.rediff.com/news/column/what-did-modi-want-from-the-chinese/20180504.htm What did Modi want from the Chinese? May 04, 2018 11:01 IST 'Some have speculated that it has to do with Doklam and the 2019 elections.' 'That Modi asked Xi not to embarrass him by sending the Chinese army into Bhuta...

kiranA

Yes taxes were reduced and deficit increased . This is precisely populist and liberal (the deficit part) politics . NOW u r using MAH brain, as Laurel said to Hardy. When someone reduces (my 6th coujin's) taxes, they are good. :mrgreen: Well congrats to your "6th coujin" for the tax cut :...

kiranA

Meanwhile in another U turn. http://www.breitbart.com/big-government/2018/04/28/donald-trump-to-farmers-were-going-to-let-in-migrant-guest-workers/ Donald Trump to Farmers: We’re Going to Let in Migrant Guest Workers. It basically goes with Trump populist practices. Just give what people want (wheth...

kiranA

. Also, the items I listed are facts, not opinions. Taxes have come down (I don't know about Billionaires). Trump lowered the marginal rates by some 12 percent, plus he raised the Standard Exemption to $24K! Most American families don't add up anywhere NEAR that much today in Itemized deductions. P...

kiranA

This meeting is really strange And clearly shows the policy confusion of Indian govt . It is possible that you sir are confused since chaos reigns on your mind., a clearly enunciated policy of GOI looks confising. Problem w/ your rhethoric is that it can be in equal measure applied either way. Not ...

kiranA

If that were true xi would be flying down to Ahmedabad to meet modi. Not other way around. Or Modi is giving a face saving exit to Xi. Yea right. Xi lost face because he enjoys 50 billion USD trade surplus with India - too tiny. He also lost face because when India protested a road at doklam china ...

kiranA

This meeting is really strange And clearly shows the policy confusion of Indian govt . Going for an informal chitchat and an outcome free meeting after doklam and a massive trade deficit staring at face ? One expects more from the govt .

kiranA

disha wrote:China has been cornered., it is seeking a way out of the current pickle it has itself put in.

If that were true xi would be flying down to Ahmedabad to meet modi. Not other way around.

kiranA

I dont see any chance of Russians launching any attacks. Neither do I see a reason as Russia itself has not been attacked. whom will russia attack ? USA or UK or Greeece ? Thats NATO. Unlike west , Russia or china do not maintain a demonized list of little countries like iraq or noko or iran or liby...

kiranA

Never has america looked this weak morally. Tirades against syrian refugees that filled Trump speeches and his supporters articles for all purposes puncture the rhetoric against"inhuman" atrocities - you cant claim to bomb on behalf of those very people you portray as undersirables. Taking...

kiranA

^^^ While of course Jan Dhan Yojana accounts are exempt from this https://economictimes.indiatimes.com/industry/banking/finance/banking/the-curious-case-of-sbi-how-banks-make-maximum-profit-from-minimum-balance-accounts/articleshow/62337745.cms Finance Ministry data shows the country’s largest lend...

kiranA

Coming to asia US really has no reason to have bases here other than pax americana. So US pays for those bases as asian countries were nice enough to host them. Kiranji, I agreed with all your points on Marshall and Saudi, but here your train of logic ran out of steam and cannot make it up the hill...

kiranA

Cross-post from the Economy thread http://www.zdnet.com/article/mobile-payments-skyrocket-in-india-while-banks-watch-from-the-sidelines/ "Mobile payments skyrocket in India while banks watch from the sidelines Digital payments firms like PayTM, Google Tez, and the recent entrant WhatsApp are r...

kiranA

This is why I am 103.29% sure that SoKo is also paying $4B for the THAAD mijjile system Maybe as the Anchor Tenants or Pilot Customer they get a better deal than following countries. Then again, I wonder if any of the ppl claiming that the US gives these weapon systems away free to Al_lies, has any...

kiranA

There are too many variables in this situation. All depends on where in Sydney and where in Mumbai, or where in NY vs where in Delhi. Here is a comparative analysis of cost of living in major metros around the world. https://www.numbeo.com/cost-of-living/in/Mumbai I don't agree with the figures for...

kiranA

Shiv, I stand by what I already said about India treaty obligation to Bhutan. The wording in the treaty (Bhutan will follow India's advise), its implication that it imposes the responsibility on India to protect Bhutan sovereignty, the reiteration of that implication by India's Prime Minister on the...

kiranA

UlanBatori wrote:THAAD is free?

yup

kiranA

South Korea bends to trade pressure. Add that to the $4B worth of THAAD mijjiles.... I'd say that the Mafia-style "Art of the Deal" is working, hain? What makes you so sure ? trade deals are complex and there are plenty of articles there which say damage to korea is minimal. We wont know ...

kiranA

Sorry Shiv. You are indulging in what can only be described as sophistry. When did China occuply Doklam ? 60s atleast ? what treaty was in effect? 1949 or 2007? Again regarding Nehru's words too you are indulging in sophistry. First of all it doesn't matter what Nehru said when Nehru already signed ...

kiranA

Trump is doing a good job overall but one need to be careful not to intrepret his moves to support one pre-concieved notions. His removal of onerous regulation in manufacturing can help USA. But his trade war with china is the "Art of the Deal" nonsense. The "war" has already fiz...

kiranA

That's what happens when you offer a face saving formula when the other party is not interested. What is worrying is the lie MEA told to Indian public that China has said that status quo ante will be maintained, that is the reason why Indian army withdrew. You are correct but its not correct to bla...

kiranA

Here is the text of the treaty: https://idsa.in/resources/documents/Ind-BhutanFriendshiptreaty.2007 Please point out where it says that Bhutan will be guided by India on external affairs. I wil offer a public apology to you if you can do that. Or else I will point out that you are bluffing Now for ...

kiranA

India has treaty obligation to Bhutan. Provide proof of this. What is the obligation? This is sounding like one of our "analysts" who fail to research, analyse or quite the relevant documents. Or at least read the document that I have posted earlier and copy paste India's "treaty obl...

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