Have a break, have a Chit Chat - Page 31

Originally posted by: charminggenie

@Birdie- Like your optimism, do let me know when Govt. screw people with black money with data and all that jazz that this failed policy which has reduced our GDP by 2% . Killed about 100 people. Fractured the banking system win .

16,000 Core retrieved while 21,000 were lost.

I don't even need to analyze, hyperbole here, go through statements of FM/PM then and to now. You will know what policy failure looks like,

The RBI has now finally released data to show that 99% of the notes that were demonetised last November are back with banks. This means that whoever had black money has successfully pushed their money back in the system. This is clearly a colossal failure of the policy.

Jaitley in Nov,2016 mentioned that about 15-20% of the demonetised currency, roughly Rs 3 lakh crore, was likely to get extinguished and would not return to the system. Thus it would be confiscated and become RBI property, to be eventually handed over to government for the welfare of the poor. The then attorney general Mukul Rohatgi stated this before the Supreme Court. So how can Jaitley now say the confiscation of black money was never the objective? The cash that does not return to the system stands automatically confiscated. It is like money taxed at 100%.

Also, RBI data shows that digital transactions fell 27% in April this year compared to the previous month. Major online retailers like Flipkart and others are experiencing cash transactions similar to pre-demonetisation levels when 60% of all buying was cash based.

Your point about Govt. going after the big Corporates who have put the money back in the system. Hmm, how will they do so when according to Democratic Reforms shows how 80% of all corporate money has gone to BJP in recent years. Corporates who have successfully pushed their black money into the system will now contribute 80% of it to the BJP. And as per the new law brought by the government, this need not even be made public.

To think with this fractured and reeling economy we wanted conflicts with Pak, China. Might do with some rationalism.

Originally posted by: BirdieNumNum

another gem, especially the last line.😆

so you want to blame modi for the fall of 2% in gdp from 7.9 to 5.9%. OK. But do you think a one-year 2% drop of india's GDP of around 2.2 trillion would make any difference if it came to fighting war? Do the math. What is 2% of 2.2 trillion? How much of that flows to the government after all the tax evasion? How much of that would have been spent on arms?

and since when has 5.9% become reeling? Kuch bhi😆 Disappointing yes, reeling no.😛

lastly, what would you have India do on the doklam issue? Give up like the gandhis would have? Hand it over to the chinese on a platter? I mean, the guy just scored a huge victory without firing a bullet and you're still criticising. Aadat se majboor ho CG?😆

The glass is both half full and half empty.

More than 99 percent of the cash in circulation has been returned doesn't mean more than 99% of the people who returned it are honest, decent folk. It only means that the scum have figured out a way to legally launder money thru banking channels. In that regard, yes, Modi failed to foresee how low some people/businesses could go. The leaks about DeMo even before Modi's nationwide address itself didn't help either.

But given that India's finance ministry is probing 1.8 million bank accounts where cash inflows during the demonetization period did not appear in line with their tax profiles, it's possible all is not lost for Modi to claim some sort of a moral victory when the dust settles and it's all said and done. These investigations take a while. We are talking about India here.

Yes, GDP has fallen but on the flip side there's going to be a better tax compliance thanks to the newly formed (rather enforced) habits of making digital payments. Also, an increase in the number of income tax returns filed.

Birdie is bang on about the treasure trove of data Modi and team has at their disposal now. It's all about big data analytics now-a-days. Every transaction that occurred in the last 10 months or so has left a trail for the government to potentially track. After this point, it's all about the willingness and diligence of the "officials". You can lead a horse to water but ...

What was that quote again? Better to have tried and failed than to ...?

Originally posted by: charminggenie

All I know it sucks when you read kids dying daily in the same Gorakhpur hospital due to the mismanagement and dirty surrounding of that place, yet Yogi survives.

Won't hurt Modi to hire a full time Finance Minister and Defence Minister , haina, hope the new cabinet reshuffle does the trick.

Originally posted by: BirdieNumNum

lol whatever happened to first amendement rights indian style? 😆

i think all religions operate on the principle that they will lead you to God. Can someone scientifically prove that their claim is true? if not, then Souro, according to you, the priest should be arrested and put in jail. Starting with the pope and the grand imam of nowhere. See how absurd that sounds?

another thing- i bet most of you have never visited any of the associated townships but go spouting the same drivel. Because if you had, you would see that they mostly serve the needs of the downtrodden and poor. There are thousands, if not tens of thousands or hundreds of thousand of people, who congregate, listen to good sermons, get a bellyful of food. A lot of people who go to these places do so not because they think the guy will lead them to heaven but because they want to listen to good sermons.

By the way, these townships run better than mumbai and kolkata and all those stupid places that cant even provide safe drinking water to their inhabitants. And no, they dont need the tax benefits to thrive. Thats icing on the cake. But its no different than all the NGOs and charities.

and lastly, it is an either/ or. You dont want to shut down some of these sanctuaries before you clean up the mess the politicians have created.

Originally posted by: souro

We were talking about fake godmen, not politicians.

But those religious organisations which are more of a personality cult and whose head claims to have supernatural powers, they should be jailed.

Originally posted by: Bazigar

ha ha charminggenie who is biggest propagator of modi , need to show her affiliation.

no doubt for pure modi bhaktas muslim blood more imp weather its in name gai or bigotry hindutva rastra rather than 2% gdp fall or 150 died or million lost their wok for dumb modi , people r not corrupt but ur modi is a dumb who dont know basic of economics, i at least thought as Gujarati he know black money but he turn out more feku dumb than have commonsense lol