Cognitive inertia getting better Han bhai.
Could you please also tell Indian members here BJP has shared this information in advance with BSP and AAP as well.
We Indians could use some political humour here.
PS: you can talk about this to Indian members here, as many are pro-BJP and merely laugh at funny logic.
But in the interest of you health please do not say the same to Congress, BSP or AAP party workers, it would be unfortunate to read a news of a Singaporean national being assualted by party workers.
Well your loud mouth PM did assure the public that no one knew about the SECRET operation too....I wonder how did a CONGRESS politician managed to hold a 100mil USD wedding without having cash. He don't seem to be worried too...still holding a wedding at this kinda crisis period.
If my hypothesis is correct, your BJP top guns might have leak this to some of their important friends who then leak it to their important friends and somehow it is leaked to this guy who happens to be one of their important friends. Is my cognitive abilities still valid my indy bhai? Make sense? LOL...really naive Modi worshippers....it's like Mao level of fanatism.
Dear Han san more cognitive inertia from you is expected but aleast a bit better than from that nation which your ancestors abandoned.
I remember providing Illegal outflows data here first time. Poor Chinese chaps here were flabbergasted almost like when primitive man had seen fire for the first time and went on denying the whole data as some CIA conspiracy to malign China.
While illegal outflows do not include illegal money hidden within a nation, but remain the only source to quantify illegal money escaping the nation, only an embarrassed corruption apologist Han patriot would brush it off as "guesstimate".
But then again Singapore hardly has so much corruption losses, hence you have the luxury to be a corruption apologist.
San? You work with a Jap company? LOL. I am not from Singapore and I did not abandon China, I still hold Chinese Citizenship my fren. You see Chinese don't like to argue and hence they can't deny the fact that there is so much black money, I am of the opinion that there is even more outflow and inflow. Some money went out, maybe multiplied or lost, and then came in back again. Can you verify those so called hndreds of billions? If it was true, then we would be another basket case like India wouldn't we? If so muchhhh money went out, where is the money to build those infrastructure, finance the military, education, technology? Or maybe it's another GUESSTIMATE? I am not denying there is illegal money and corruption. Hell, all Chinese know about this. What I am saying is, why is there such a big disparity between our countries when you claimed we are more corrupted than INDIA? Can you answer me?
Yup they certainly are, Given that CCP babus certainly outdid Indian corrupt babus as they ensured $1.3 trillion lost in illegal outflows compared to a huge sum of $51 billion from Indian babus,
In other words, if we break down this data.
Thats $140 billion losses per year
$12 billion in a month
$400 million a day
$16.6 million in an hour
We are a 11 trillion economy my friend with 3trillion plus reserves, explain to me how our country is so much more advance than India, if the MONEY IS LOST? Corrupted illegal money is still money my friend, it will still generate economic activities. Outflow from the country is different, it means the money is out of the country so you cannot generate economic growth. Assuming your logic is right that we have trillion dollar outflows, how is our foreign reserve even allowing those outflows since we only have 3 trillion in reserve. It would mean a third of our reserves are gone and you think no one will notice that?
By the time you are done reading this post, Chinese babus with their gifted "efficiency" and supreme "discipline" have laundered off $1.38 million illegally.
Launder that amount internally? Maybe, outside the country? I don't think our capital controls will allow that. Funny how a trillion dollars is laundered and yet our people are more prosperous than our Indy bhais. This could only mean your country is incompetent and full of shit, literally.
The outflows destination could be Singapore itself, so congratulations once again my Singaporean bhai
I take it you provide such "facts" in your job and perhaps educational degree research papers as well
You should try statistics from a reputed source or atleast a news reporting my Han bhai.
Bhai, you see the post i am responding to
The news report quoted FAO source, hence i provided FAO source.
You do know the source I provided is used by FAO and even the Indian government right. The data you provided is based on submission by the respective country based on their internal definition of malnutrition. You understand? if you used Chinese standards, your people would be 80% hungry.
Yup they indeed are , Chinese nutrition standards are so advance they don't even seem to exist
http://dg.en.cnsoc.org/newslist_1501_1.htm
Unlike the Indian one
http://ninindia.org/dietaryguidelinesforninwebsite.pdf
Chinese Nutrition Society, seriously? Omg, fine fine, we are worst than India, they are many starving people in China. We are just as shitty as you. When these Indies visit China, then they start making TV programs comparing and screwing the Indy gov. You should just come and visit our poorest regions. LOL.
We are wokring on to catch up to China in slums so such sights will be visible.
Very true again, We Indians are fanatical followers of our leaders.
No wonder Indians were gullible tools and easily led into "cultural revolutions" by their leaders in order to save their waning power
https://en.wikipedia.org/wiki/Cultural_Revolution
That's what I am telling you, when China went out from tht period of fanatism, our economies were almost equal, now we are 5X bigger and you still want to screw up yourselves and not learning from history, worshiping Modi like an idol.
The 2000 note was introduced for quicker disbursement of currency. A new 500 note is also available.
That man in question is already rich. Before he was arrested, his taxable income for that year was $2B.
He was already stinking rich. And he used cashless forms of payment. He conducted the ceremony in a world famous location, owned by Bangalore's royal family, the Palace Grounds.
So it's not a surprise that someone that rich will have the resources available. In fact, the ceremony expenditure of 500Cr is paltry to someone that rich. That was barely a few days's worth of his income.
And most of the wedding would have been paid for before the demonetization, as is the case in India, wedding preparations start months in advance along with advance payments.
And the organizers wouldn't have a problem taking the old notes anyway. They have until the end of the year to declare it.
Yah, your honest rich man was jailed for corruption bhai. Now he has a 100mil USD, freaking USD$ WEDDING and no one is investigating him? OO how convenient, everything 100% paid before the demonetization. Do you have any logics? Freaking delusional bunch of Indies.
Y not introduce 5000RS for even faster disbursement? You know some of the people had to take 2000RS due to shortage of 100s and 500s? and they can't even freaking use it because commoners don't have the CHANGE? How does introducing bigger denomination reduce corruption.....only an IDIOT would fall for that. WAKE UP INDIANS!! You had been scammed so many many many times until your populace is starving and yet you choose to remain delusional and living in denial.
Incorrect. The very fact that people that are inconvenienced have not decided to protest shows the discipline of the Indian mass. Modi thought there would actually be chaos, and prepared the police forces, but nothing happened. People stood in line, and quietly went back home when they didn't get money, only to return the next day and repeat the process.
Modi also praised the Indian public for their resilience in his speeches.
What really happened was people panicked and rushed to banks, so people who really needed cash didn't get it. Take me for example, I use plastics mostly, but the places where I shopped continued taking old notes, so I didn't need to exchange currency. I could catch a taxi to any part of the city and pay without cash. In fact, I haven't seen an ATM since the 8th and I don't plan on seeing one for the rest of the month. So most people didn't need paper, but they went to the bank anyway. The only people who really needed cash were minors/students and poor people, but they have managed quite well.
Tell that to the discipline farmer who just committed suicide. I think this is enuff, you don't seem to have empathy for the majority of your poor and starving Indians. If you had discipline, you won't have to wait so long to fix the ATMs claiming it had to be imported from China. You would ensure and execute the disbursement effectively not making your fellow Indians die of heatstroke.
No protest?
http://www.economist.com/news/asia/...tion-indias-shortage-banknotes-spurs-protests
