Here’s what’s happening across the border: Journalist lashes out at Imran Khan govt over ‘nepotism’; a whopping Rs 2.25 billion found in falooda vendor’s bank account.
Here’s what’s happening across the border: PM House buffaloes auctioned as Imran Khan’s austerity measures continue; IMF reaches Pakistan to review its economic health.
Besides base effect, figure indicates recovery in economic activity, especially in the manufacturing sector.
New Delhi: India’s gross domestic product (GDP) grew at 8.2 per...
While the commission didn’t mention provisions under which IndiGo's market domination would be examined, Competition Act 2002 prohibits abuse of dominant position by any enterprise.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
Gotta love the comments here. Not a single rebuttal of Ms. Gita’s rational points, just opinions. Btw, in case your guys didn’t notice the paper was co-author by Manager-research at freaking RBI. I’m pretty sure the guy knows about economic data more than you and I. India’s ex-PM Dr. Singh gave similar figures. It doesn’t matter who’s PM what bothers me the most is how low have we gotten when it comes to logic and reasoning. We are littered with pieces of evidence on how Modi tried to sell DeMo and every single one of those claims have been debunked by Govts. own data. Such was the embarrassment that it pulled down data from its own website.
India’s very own FM has said it on the floor of India’s parliament even GOI didn’t commission any study on the impact of DeMo. So, when the entity behind it doesn’t know what the impact was and doesn’t seem interested to know should we simply accept it based on what the PM of the country keeps saying? A society falls when it stops questioning its leadership, it falls to disgrace when it starts to sing praises of the emperor without using their own brain.
Gita is preaching bhagvad gita. The ledger if indian currency had been a one side entry with nobody knowing where the cash was. In a bold move which gita and her armchair colleagues will not even dream about modi embarked on a exercise watched in awe by the entire world. Was he a fool not to realise that it will not bring political dividend but stayed the course to steady the ship. Economists do not understand the animal spirit of markets. They are always wiser after the event. They are chickens when it comes to implementation.They always want to play safe which never works in the real world.Gita should open a kirana shop to understand market dynamics. All the hooplah talk about macro micro mini has no relevance unless events are predicted in advance. Else it is all a requeim and RIP.
No economist can give a linkage of black money to currency in circulation. I’ll-gotten wealth invested in this form is minimal and can not be quantified. If anyone says he has a formula for this be sure that he is bragging. Black money creation has to
nipped at the source. For example the Government when awarding a contract knows how much profit/commission he can make on this job. They can have a check on his performance and asset creation periodically. There must be fear of punishment for malfeasance. Agriculturists having more land say above 10 acres must be taxed on the minimum produce expected in that region in a particular year. GST must be at 5 or 7 percent for all goods including petrol. High taxes only encourage creation of black money by the Kautilyas and punishes the straightforward people.
I beg to disagree. I can cite more than a dozen reasons why the demonetization was good and much needed. The advice by the macro-economists need to mesh up with the politics which is spread out in the streets and villages. The huge gap between the laboratory of advice and its playing arena needs to be plugged.
The title of the article conveys negative comments whereas when one read the article, the newly appointed IMF chief economist has said both good and negative and finally balanced her views, like any professional economist. If PM and FM of the country were to seek her advice, it would therefore be neither here nor there. PM has taken a political decision which has many facets and some of them are certainly not beneficial in the short term, at least. But people at large supported him, despite whatever inconvenience caused. DeMo has been a regime change event for India and since all the currency returned to the bank in some accounts, we start on a clean slate now onwards. Many years hence, we shall remember this as a strategic and visionary decision, despite not being in the books of economic theory. Let economists do their research and give advisories; a layman should judge such decisions in a broader context, keeping in mind that no decision can be completely right or wrong.
The IMF is famous for imposing “ harsh conditionalities “ while providing bailouts, one recently to Argentina, possibly another one to Pakistan. Quite certain that while Dr Gita Gopinath serves as its Chief Economist, the first commandment will be : Thou shalt not demonetise thy currency.
Gotta love the comments here. Not a single rebuttal of Ms. Gita’s rational points, just opinions. Btw, in case your guys didn’t notice the paper was co-author by Manager-research at freaking RBI. I’m pretty sure the guy knows about economic data more than you and I. India’s ex-PM Dr. Singh gave similar figures. It doesn’t matter who’s PM what bothers me the most is how low have we gotten when it comes to logic and reasoning. We are littered with pieces of evidence on how Modi tried to sell DeMo and every single one of those claims have been debunked by Govts. own data. Such was the embarrassment that it pulled down data from its own website.
India’s very own FM has said it on the floor of India’s parliament even GOI didn’t commission any study on the impact of DeMo. So, when the entity behind it doesn’t know what the impact was and doesn’t seem interested to know should we simply accept it based on what the PM of the country keeps saying? A society falls when it stops questioning its leadership, it falls to disgrace when it starts to sing praises of the emperor without using their own brain.
Gita is preaching bhagvad gita. The ledger if indian currency had been a one side entry with nobody knowing where the cash was. In a bold move which gita and her armchair colleagues will not even dream about modi embarked on a exercise watched in awe by the entire world. Was he a fool not to realise that it will not bring political dividend but stayed the course to steady the ship. Economists do not understand the animal spirit of markets. They are always wiser after the event. They are chickens when it comes to implementation.They always want to play safe which never works in the real world.Gita should open a kirana shop to understand market dynamics. All the hooplah talk about macro micro mini has no relevance unless events are predicted in advance. Else it is all a requeim and RIP.
No economist can give a linkage of black money to currency in circulation. I’ll-gotten wealth invested in this form is minimal and can not be quantified. If anyone says he has a formula for this be sure that he is bragging. Black money creation has to
nipped at the source. For example the Government when awarding a contract knows how much profit/commission he can make on this job. They can have a check on his performance and asset creation periodically. There must be fear of punishment for malfeasance. Agriculturists having more land say above 10 acres must be taxed on the minimum produce expected in that region in a particular year. GST must be at 5 or 7 percent for all goods including petrol. High taxes only encourage creation of black money by the Kautilyas and punishes the straightforward people.
Ask her if it’s okay to keep states begging for funds and central government stealing in the name of GST
I beg to disagree. I can cite more than a dozen reasons why the demonetization was good and much needed. The advice by the macro-economists need to mesh up with the politics which is spread out in the streets and villages. The huge gap between the laboratory of advice and its playing arena needs to be plugged.
The title of the article conveys negative comments whereas when one read the article, the newly appointed IMF chief economist has said both good and negative and finally balanced her views, like any professional economist. If PM and FM of the country were to seek her advice, it would therefore be neither here nor there. PM has taken a political decision which has many facets and some of them are certainly not beneficial in the short term, at least. But people at large supported him, despite whatever inconvenience caused. DeMo has been a regime change event for India and since all the currency returned to the bank in some accounts, we start on a clean slate now onwards. Many years hence, we shall remember this as a strategic and visionary decision, despite not being in the books of economic theory. Let economists do their research and give advisories; a layman should judge such decisions in a broader context, keeping in mind that no decision can be completely right or wrong.
The IMF is famous for imposing “ harsh conditionalities “ while providing bailouts, one recently to Argentina, possibly another one to Pakistan. Quite certain that while Dr Gita Gopinath serves as its Chief Economist, the first commandment will be : Thou shalt not demonetise thy currency.