that's the problem with you commie mindset people, you don't even realize you've gone commie, sad !
I guess I will just have to suffer for my sins
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that's the problem with you commie mindset people, you don't even realize you've gone commie, sad !
Local companies can't compete with the international companies without adequate resources. Its capitalism, where big business crushes small business. A person buying goods will always look for the cheapest price available.You are not getting my point, millions of Indians are buying good from Amazon which is foreign company like that they want to control every aspect of life.
We need Indian corporates with the backing of GOI in every sector who can give tough competition to these foreign companies.
Similarly GOI should device alternate plans to avoid any consequences of global melt down.
in a dharmic gulagI guess I will just have to suffer for my sins
That may be so. This is a one time move to flush out the existing black money held as cash presently. It won't prevent accumulation of black money in future - other measures are necessary to prevent that.
Also, to buy foreign currency, you need a paper trail. You have to show your identity papers and have the transaction recorded, to buy gold or foreign currency. (There are illegal suppliers of both, but it is a lot more difficult than accumulating Indian rupees.) Paper currency, OTOH, required no paper trail.
(Mind you, I'm not sure of how effective this move will be - we will have to wait and see. I'm just dispelling the misconception that this will undermine faith in the Indian rupee itself. That will not happen, as the currency has not been declared valueless - it just has to be exchanged for new notes of the same value.)
That is just Naive.
Majority of Black money is due to CORRUPTION. Almost 90%.
Corruption exist because our Judiciary does not exist and that is not getting Fixed any time soon.
Transparency due to digitisation will reduce corruption, but will not eliminate it.
Banks gives loans to Big Industries, not Farmers and poor entrepreneur. Kisan Credit Cards offered by banks hardly offer 25% of the farmer's gross estimated income as credit. That too at a rate of 9% per annum.
Its a joke.
There is no pressure on banks to make credit cheap so its just not going to happen anytime soon.
in a dharmic gulag
Our industries, even our Big industries do not have the capacity to absorb this much money, so the banks will be forced to lend it out to the common man at lower interest rates rather than sit on the money and pay interest. Mudra bank was an initiative in that direction. Raghuram Rajan was an impediment in its proper execution. Now that he is gone, we can expect banks to more responsive to work with the govt to meet its objectives.
..... where do Dalits like you go ?
That is the general idea and should work in theory. But I would not be holding my breath for it to work in practice.
The truth is that the GoI do not have anyone smart enough and dedicated enough to make that happen. Modi certainly do not have the bandwidth to do it himself. Jaitly is a glorified bureaucrat who will NEVER think outside the box.
Who does that leave us with ? Nobody.
The phrase "New world order" in title was a give awayOther "news" from the same website today (I swear, I'm not making this up - visit their homepage.):
"Queen Elizabeth descended from long line of cannibals."
"Jesus was a pagan who worshiped a male or female god."
"Britney Spears Illuminati ‘Slumber Party’ Video Decoded."
"Hillary Clinton attempted genocide on African-Americans."
"CIA agents create fake news."
(The last one is plausible, but note the irony!)
Before this , I thought Modi is a farsighted leader, now I know he is a blindman
Money is the credit of the state,it derives its value by being declared by a government to belegal tender; that is, it must be accepted as a form of payment within the boundaries of the country. It's the cornerstone of one country, after this, people will not likely put most money into bank but change to foreign currency exchange and gold.
What a stupid method I never seen before~~~~
why pay high tax on an apartment sale if you're a regular guy who did nothing wrong and that's all you hold or if that apartment is one of a handful of investments you own ?
If you believe this pool, you don't know there is another India where people don't have their voice on the internet.
But he is partially right in his assessment that any future black money will be stored in Foreign currency and Gold due to this move that reduces the confidence of Black Money hoarders in Indian currency.
It will impact our Currency valuation in both short and long term.
That may be so. This is a one time move to flush out the existing black money held as cash presently. It won't prevent accumulation of black money in future - other measures are necessary to prevent that.
Also, to buy foreign currency, you need a paper trail. You have to show your identity papers and have the transaction recorded, to buy gold or foreign currency. (There are illegal suppliers of both, but it is a lot more difficult than accumulating Indian rupees.) Paper currency, OTOH, required no paper trail.
(Mind you, I'm not sure of how effective this move will be - we will have to wait and see. I'm just dispelling the misconception that this will undermine faith in the Indian rupee itself. That will not happen, as the currency has not been declared valueless - it just has to be exchanged for new notes of the same value.)
conspiracydailyupdate.com
yup, legit
a Pakistani sitting in Qatar bitching about "terrorists
If you believe this pool, you don't know there is another India where people don't have their voice on the internet.
What?
After 93% public support? After winning every Parliament & assembly by-polls handsomely?
After winning every civic & local body elections with thumping numbers?
Ya...sounds more like minions dreaming about millions!
Even that's come under scrutiny.
http://www.ndtv.com/india-news/no-t...-gold-purchased-from-disclosed-income-1632757