What went wrong with recent demometization drive in India ?

Written by:
500 & 1000 denominations are now just ordinary paper.
  1. They thought that the GENERAL PUBLIC of India is honest & will 100 % cooperate.But 90% of Indians are corrupt &  do corruption whenever & wherever they get a chance of making money.
  2. The sector which had the biggest responsibility of making it successful was Banking sector.But they did money laundering on a large scale.That is why we see reports of obtaining Lakhs of rupees in the new currency.
  3. The income -Tax department is one of the most corrupted departments in India & they are entrusted by the government to catch Black Money holders.But I am sure they will make tonnes of cash themselves.
  4. The strategy of carrying out this massive drive was improper.Without proper arrangements it created/is creating havoc, panic & chaos on large scale.Proper plans for re-calibrating ATM's swiftly should have been envisaged in advance.
  5. The timing of this decision is worst.This is the session of marriages & most importantly the time when farmer buy new seeds and sow them. Both of them are drastically affected.
  6. You can’t say that it is a complete failure.I will say it is 50–50. It will also have many long-term benefits.

Comments

Post a Comment

Popular posts from this blog

राजन और अफजल / अवार्ड वापसी gang

Written by:
Image
एक बार फिर से  ‪#‎ अफजल‬  गुरु ,याकूब मेमन प्रेमी gang ने रोना-धोना शरू कर दिया है । इस बार रोना  ‪#‎ राजन‬  साहेब पर है जिन्हें दूसरे कार्यकाल का एक्सटेंशन नहीं मिला । आप कहेंगे उन्होंने खुद ही मना कर दिया था । लेकिन वो भी जानते थे स्वामी के विरोध के बाद दूसरा कार्यकाल मिलना असंभव है इसलिए खुद ही न बोल दिए । में अर्थशास्त्र के बारे में बहुत कम जानता हु पर फिर इतना तोह तय है उनके जाने से कोई खास फरक पढ़ने वाला नहीं है । उनकी जगह शायद अरुंधति भटाचार्य लेगी जो sbi की प्रमुख है , और क ाबिल भी । तोह राजन जी के जाने से कोई फरक तोह पढ़ेगा नहीं । राजन साहेब अमेरिका जाने वाले है पढ़ाने के लिए । वो अगर चाहते तोह भारत में पढ़ा सकते है इससे देश का ही भला होगा ,पर उनका अमेरिकी प्रेम समझ से परे है । स्वामी जी ने आरोप लगाये की वह अप्रत्यक्ष रूप से अमेरिका की मदत करते है । राजन के पिता खूफिया विभाग में थे जिन्हें cia से कनेक्शन की वजह से राजीव गांधी ने नौकरी से निकाल दिया था । में बस इतना कहना चाहता हु की राजन के जाने से कोई हाहाकार नहीं मच जायेगा । भारत में एक नहीं 100 लोग है ...
Read more

Fact-check: Did the US Economy declined more compared to India's?

Written by:
Image
A lot of noise is there on social media regarding the US and India’s GDP numbers.  A claim is made over the social media that a few leading news portals have misrepresented India’s GDP numbers compared to that of US. This is the picture which is floating all over LinkedIn and Twitter. And regarding US GDP data: Let’s have a brief look at the calculation methodology: What does it mean when we say that US GDP has contracted 9.5 % in the Q1? Assume US GDP to be 100 (April 2020). Now a 9.5% contraction for Q1 2020 means 100*(1-9.5%) = 90.5 Extrapolating it forward, the change in the upcoming quarters will be: Q2 2020: 90.5 * (1-9.5%) = 81.90 Q3 2020: 81.9 * (1-9.5%) = 74.1 Q4 2020: 81.90*(1-9.5%) = 67.1 So, from 100 to 67.1, a difference of -32.9 and when annualized it is -32.9% (Base was 100). If we do the same calculation for India: Now projecting annualized decline numbers for India just like the US: A whooping annual decline of -75%. If we do a Q/Q computation on US GDP data with I...
Read more