tweaker Posted May 21, 2017 Author Posted May 21, 2017 Casual workers took the maximum hit from demonetisation, with as many as 1.52 lakh workers losing their jobs during the three months to December 2016.
mishra Posted May 24, 2017 Posted May 24, 2017 http://timesofindia.indiatimes.com/india/i-t-department-unearths-400-benami-deals-attaches-properties-worth-rs-600-crore/articleshow/58825453.cms I-T department unearths 400 benami deals, attaches properties worth Rs 600 crore Quote NEW DELHI: The Income Tax department on Wednesday said it has identified over 400 benami transactions and attached properties worth Rs 600 crore in about 240 cases. Keen to implement the new Benami Act to ensure "visible outcomes on the ground", the tax department last week set up 24 dedicated Benami Prohibition Units (BPUs) all over India.
tweaker Posted May 24, 2017 Author Posted May 24, 2017 Globally acclaimed French economist Guy Sorman has described demonetisation as a “successful political coup”, although it failed to meet the objective of weeding out corruption for which more steps are needed. “Demonetisation was a successful political coup which was heavily applauded by a majority of the Indian people. The government showed it was serious about corruption
Singh bling Posted May 24, 2017 Posted May 24, 2017 After Demo each paisa recovered by IT department is considered as success of demonitisation as if before Demo IT department was not even recovering a single rupee Quote http://economictimes.indiatimes.com/news/politics-and-nation/i-t-department-unearths-rs-1-lakh-crore-undisclosed-income/articleshow/38538694.cms So far there is not even a single news that tell how much extra IT department recovered YOY basis over normal growth
tweaker Posted May 25, 2017 Author Posted May 25, 2017 Prime Minister Narendra Modi's demonetisation move has given the economy a Rs 5 lakh-crore advantage, a high-level internal assessment report of the government has found. mishra 1
tweaker Posted May 27, 2017 Author Posted May 27, 2017 Prime Minister Narendra Modi on Friday said that demonetisation was a very tough decision for him to take but the people stood by him.
Singh bling Posted May 31, 2017 Posted May 31, 2017 Quote World Bank: Demonetization has hit hard 90% of India's workers, disproportionately impacting poorer households http://www.counterview.net/2017/05/world-bank-demonetization-has-hit-hard.html Quote World Bank‘s Report Rubbishes Modi Govt’s Claims On Demonetisation , Said- Adverse Impact On Poor Household http://en.nationaldastak.com/world-banks-report-rubbishes-modi-govts-claims-on-demonetisation-said-adverse-impact-poor-households/
surajmal Posted May 31, 2017 Posted May 31, 2017 So GOI doesn't have data on unorganized sector but some how WB does. WTF?
mishra Posted May 31, 2017 Posted May 31, 2017 57 minutes ago, surajmal said: So GOI doesn't have data on unorganized sector but some how WB does. WTF? Economic impact was allways expected. However it is worse then expected. http://timesofindia.indiatimes.com/business/india-business/indias-gdp-in-fourth-quarter/articleshow/58926528.cms Quote India’s GDP in Q4 grows 6.1%, loses fastest growing economy tag ndia's GDP or gross domestic product grew 6.1 per cent year-on-year during the January-March period, government data showed on Wednesday. With this, India loses its status of the world's fastest growing economy. China's GDP grew 6.9 per cent during the same quarter. Also gains from demonetization is less than expected. Government was not fully prepared to catch the guilty. All they got is not even Cherry, Whole cake of Black money went unaccounted
surajmal Posted May 31, 2017 Posted May 31, 2017 22 minutes ago, mishra said: Economic impact was allways expected. However it is worse then expected. http://timesofindia.indiatimes.com/business/india-business/indias-gdp-in-fourth-quarter/articleshow/58926528.cms Also gains from demonetization is less than expected. Government was not fully prepared to catch the guilty. All they got is not even Cherry, Whole cake of Black money went unaccounted Doomsayers were predicting contraction.
mishra Posted May 31, 2017 Posted May 31, 2017 9 minutes ago, surajmal said: Doomsayers were predicting contraction. This is not a defense of either point. There has beein 18% revenue growth and a estimated 5 Lakh Crore advantage windfall gain from demonetisation. Modi and team need to bounce back. ASAP.
surajmal Posted May 31, 2017 Posted May 31, 2017 7 minutes ago, mishra said: This is not a defense of either point. There has beein 18% revenue growth and a estimated 5 Lakh Crore advantage windfall gain from demonetisation. Modi and team need to bounce back. ASAP. Bounce back from what ? Economy is chugging along... Not 9-10% as many expected. But you can thank the congis for poisoning the well for that . Consider yourself lucky that oil prices fell when they did. Otherwise , Indian economy would have been hit with a double whammy of no private investment and no public investment due exploding deficit.
mishra Posted May 31, 2017 Posted May 31, 2017 6 minutes ago, surajmal said: Bounce back from what ? Economy is chugging along... Not 9-10% as many expected. But you can thank the congis for poisoning the well for that . Consider yourself lucky that oil prices fell when they did. Otherwise , Indian economy would have been hit with a double whammy of no private investment and no public investment due exploding deficit. Bounce back from impact of demonetization. Any loss in ground to be recouped by 2019. Beat the best expectations ie 7.2-7.5% in 2017 and 7.7% in 2018. Its not a case of Modi and Co can do it. Its a case of must do it. Lets not compare to Congress era. Modi has himself as competitor.
surajmal Posted May 31, 2017 Posted May 31, 2017 2016 was revised up to 8%. Things are moving. If NPAs can be sorted out, couple that with GST, you could very well see 9.5% in election year.
someone Posted May 31, 2017 Posted May 31, 2017 Negative effects of note ban gone, India to clock 7.5% growth in FY'17: Moody's
coffee_rules Posted June 1, 2017 Posted June 1, 2017 Liberal journalists communalizing even finance/economic news. Worst lot those who are supposed to deliver unbiased news. Sagarika Ghose liked Swati ChaturvediVerified account @bainjal 1h1 hour ago More Swati Chaturvedi Retweeted Sagarika Ghose Come on we are back to the old Hindu rate of growth. Modi is winning elections. What's the problem? #GDP
surajmal Posted June 1, 2017 Posted June 1, 2017 3 Reasons for slowdown: NPAs Transparency in auctions Govt's war on Black Money https://swarajyamag.com/economy/not-just-demo-pm-modis-black-money-chase-is-x-factor-in-growth-slowdown
tweaker Posted June 2, 2017 Author Posted June 2, 2017 Chidambaram hit back at the Modi government’s demonetisation move on Thursday, as India’s economic growth slowed to its lowest in over two years. Chidambaram said that he was right in predicting the slow growth of the economy and that demonetisation had made it worse.
surajmal Posted June 2, 2017 Posted June 2, 2017 RERA has come into effect. So real estate will be slow for the forseeable future as corrupt builders come to terms with new law.
tweaker Posted June 11, 2017 Author Posted June 11, 2017 The country's largest lender, the State Bank of India (SBI), has expressed apprehensions that demonetisation may continue to result in slowing down of the economy and adversely affect its business
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