Junk GST: Subramania Swamy

[Guynextdoor2]

Lol think of the devil and he crops up everywhere

http://www.firstpost.com/politics/w...wamy-gurumurthy-or-narendra-modi-2845864.html

Please post some links and articles about the connection between ING Vysya and S Gurumurthy

I cant find any

Your words alone have No weight ; value or meaning

Oh that's coz he hasn't talked about it for several years. Once it failed he stopped talking about it. You're Bhakti, Einstein said once a bhakt always a moron. So no need to prove.

 

[Stephen Cohen]

Lol think of the devil and he crops up everywhere

http://www.firstpost.com/politics/w...wamy-gurumurthy-or-narendra-modi-2845864.html



Oh that's coz he hasn't talked about it for several years. Once it failed he stopped talking about it. You're Bhakti, Einstein said once a bhakt always a moron. So no need to prove.

That article is about Rajan's exit -- No mention of ING Vysya

Given the hatred that you have for BJP
You are just Stewing in your own juice

If you think BJP is making mistakes you should celebrate

But wait ;UNLIKE the Previous govt ; this govt is in total CONTROL
of the situation

Economy DOESNT grow by just TINKERING with the Interest rates

It happens when WORK is done on the ground and projects get Implemented
and Completed

Your UPA only created a massive subsidised state
without actually paying for the subsidies

They made able bodied and educated people into Beggars
seeking free food and MNREGA work

You really think that in the REAL economy
ANY BODY cares who is the RBI Governor

 

[[Bregs]]

I think Rajan was bang on target when he said, it is difficult to have low inflation and low interest rates at the same time atleast at this moment for India. He has brought a sense of discipline and when we talk of NPA gorwing in his tenure, we must remember, he forced banks to disclose bad assets and come clean on their balance sheets. So his moves have only forced banks (more specifically PSU banks) to see mirror and face reality. I still think, he not being around would be a loss to country.
As for Swamiji: Looks like NDA is going to get their own version of Digvijay Singh shortly

@Levina @nair @Abingdonboy @PARIKRAMA @GURU DUTT

very mature and fair reply

 

[Stephen Cohen]

@PARIKRAMA @Guynextdoor2


http://www.newindianexpress.com/col...-was-inevitable/2016/06/22/article3494010.ece

http://www.rediff.com/business/inte...happened-right-under-rajans-nose/20160622.htm

 

[danger007]

I have refrained commenting anything about R3 owing to the fact that I do knw him and have met him in good number of time over years officially and unofficially.

The man will remain a talent unmatchable for most of the ppl. But he is also the one which any government irrespective of UPA or NDA will hate over long term.

His way is simple. His approach is even more simple. Beneath the world of all the big numbers and %, he simply considered our country's economy as a patient.

A good doctor does not necessarily starts antibiotics from day1 especially if the disease we have does nt need one in the first place.

In banking the fudging of books, the late disposition of stressed assets formally , making provisions and fudging bottomlines is done by all top management to showcase good credible numbers. That and hiding bad loans by giving a fresh loan to cover that up or simply evergreening is always a rampant abuse.

This is the disease which R3 was fighting. He wanted the banks to show the true picture. But showing true picture means banks won't be able to extend credit much, some may make public withdraw deposits beyond the stress test permissible scenario of 25-30%.

In such a situation the whole banking industry has to be given a bailout stimulus which no government would like to do as its basically the similar result of 2008 global crisis.

The other issue is no bank wants to pass the benefits what RBI extended them by cutting CRR and SLR and giving them benefit of liquity via repo/reverse repo and other mediums.

An example is the base rate calculations which is now a lot more corrected but still a long way to go for us.

Government is always wrong to think that to revive economic growth the interest rates should be accommodating. That's a short term gain and a long term disaster bcz everything gets attuned to such accommodating rates.

Of course post R3 also RBI will keep up the good work. It does nt require any party's certificate.

Sadly swamy witch-hunt agenda is a wrong focussing of hisnown calibre. He is already killing the Congress debates in rajya sabha. But somewhere he got to understand and distinguish positive criticism and it's difference from witch hunting ..

Very well written, many members here thinking Cutting CRR according to govt wish or politicians wish will be helpful to economy, no one considering impact in long. run... appreciate your explanation..

@PARIKRAMA @Guynextdoor2


http://www.newindianexpress.com/columns/s_gurumurthy/Rajan-The-exit-that-ws-inevitable/2016/06/22/article3494010.ece

http://www.rediff.com/business/inte...happened-right-under-rajans-nose/20160622.htm

Bro you have to understand the sequence of events happened before announcing his decision... Let me ask you a question.. Why do govt need a Harvard-educated economist when they are expecting -Yes Boss/ Rubber stamp... They can employ Local MBA graduate right...

 

[Stephen Cohen]

Bro you have to understand the sequence of events happened before announcing his decision... Let me ask you a question.. Why do govt need a Harvard-educated economist when they are expecting -Yes Boss/ Rubber stamp... They can employ Local MBA graduate right...

RBI governor should be a YES MAN

He should do what the Government wants him to do

If Rajan had begun cleaning the Banks balance sheets -- it was RAJAN as CEA
prior to being RBI governor who had allowed the banks to be F***ed up

Rajan is a hypocrite

 

[T90TankGuy]

I think Rajan was bang on target when he said, it is difficult to have low inflation and low interest rates at the same time atleast at this moment for India. He has brought a sense of discipline and when we talk of NPA gorwing in his tenure, we must remember, he forced banks to disclose bad assets and come clean on their balance sheets. So his moves have only forced banks (more specifically PSU banks) to see mirror and face reality. I still think, he not being around would be a loss to country.
As for Swamiji: Looks like NDA is going to get their own version of Digvijay Singh shortly

@Levina @nair @Abingdonboy @PARIKRAMA @GURU DUTT

they already have a diggy in swamy and he is already in the hen house.

 

[danger007]

RBI governor should be a YES MAN

He should do what the Government wants him to do

If Rajan had begun cleaning the Banks balance sheets -- it was RAJAN as CEA
prior to being RBI governor who had allowed the banks to be F***ed up

Rajan is a hypocrite

are you for real bro??? So an financial institution that govern entire banking structure, head should be yes man to do what govt says?? then what is the use of appointing These high profile economist... just employ some politician like Subramanian or Sakshi ... I can't believe such argument... everyday new type of argument coming out from people (some whom i know in this forun for very long time*).. wow

 

[Stephen Cohen]

are for real bro??? So an financial institution that govern entire banking structure, head should be yes man to do what govt says?? then what is the use of appointing These high profile economist... just employ some politician like Subramanian or Sakshi ... I can't believe such argument... everyday new type of argument coming out from people (some whom i know in this forun for very long time*).. wow

RBI governor has No business creating road blocks for the Government

RBI governor is NOT answerable to the people of India

It is the PM and FM who are answerable and accountable

they already have a diggy in swamy and he is already in the hen house.

He has been slapped on the Wrist immediately on CEA issue

Though the allegations against CEA Arvind Subramaniam were serious
the government has decided to Overlook them

Swamy will be kept on a leash ; Diggy on the other hand is the TAIL that wags the Dog
namely Rahul Gandhi Because Rahul Gandhi DOES NOT have a Brain

 

[T90TankGuy]

RBI governor has No business creating road blocks for the Government

RBI governor is NOT answerable to the people of India

It is the PM and FM who are answerable and accountable



He has been slapped on the Wrist immediately on CEA issue

Though the allegations against CEA Arvind Subramaniam were serious
the government has decided to Overlook them

Swamy will be kept on a leash ; Diggy on the other hand is the TAIL that wags the Dog
namely Rahul Gandhi Because Rahul Gandhi DOES NOT have a Brain

Keep saying that , time will tell.

 

[Grevion]

Would like to kindly bring to your attention that NPA grew 300% from 2L cores to 6 L cores in 2.5 years under the super duper genius phoren economist superman RaguRags
great, you figured out the copy paste function. Congrats.

Most of the NPAs that we see today were given during the tenure of Pranab Mukherjee as the Finance minister.
Rajan was not the RBI governer then. He actually forced the banks to disclose their bad debts and come out clean in their balance sheets.
Atleast think before posting.

I think Rajan was bang on target when he said, it is difficult to have low inflation and low interest rates at the same time atleast at this moment for India. He has brought a sense of discipline and when we talk of NPA gorwing in his tenure, we must remember, he forced banks to disclose bad assets and come clean on their balance sheets. So his moves have only forced banks (more specifically PSU banks) to see mirror and face reality. I still think, he not being around would be a loss to country.
As for Swamiji: Looks like NDA is going to get their own version of Digvijay Singh shortly

@Levina @nair @Abingdonboy @PARIKRAMA @GURU DUTT

Hmm. he was indeed bang in target. You see lower interest rates are given to the businesses to employ more resources(variable and fixed) to increase production. If that happens successfully it allows the govt. to have the controlled inflation(below 5%) in the country. If it does not happens the demand increases while the supply does not. So Rajan was reluctant to lower the interest rates as the growth in manufacturing base was already low and only this year we have seen a substantial increase. The risk was also due to the slowdown in the global economy where our exports are already taking a hit.

I'm pretty dilettante when it comes to economy, interest rates, etc etc.
But i do read posts by certain members who can simplify it for me, like you and @Rain Man .
As far as Swamy is concerned, the man doesn't speak without proof. Albeit I'm not sure why SS is so against RR?

 

[Guynextdoor2]

RBI governor has No business creating road blocks for the Government

RBI governor is NOT answerable to the people of India

It is the PM and FM who are answerable and accountable



He has been slapped on the Wrist immediately on CEA issue

Though the allegations against CEA Arvind Subramaniam were serious
the government has decided to Overlook them

Swamy will be kept on a leash ; Diggy on the other hand is the TAIL that wags the Dog
namely Rahul Gandhi Because Rahul Gandhi DOES NOT have a Brain

Like einstein said, once a bhakt. always a......

Ut even thinks RBI should do government's bidding

 

[DesiGuy1403]

Like einstein said, once a bhakt. always a......

Ut even thinks RBI should do government's bidding

Wait Wait Didn't Einstein say, Once a Sickular, always a ....
RBI need not do govt bidding but RBI definitely needs to help govt achieve it's agenda.
As elected representatives, the govt is the one driving the economy and policies as promised to people.
If RBI governor is a hindrance to that delivery, he must GO.

It's not similar to executive vs judiciary as RBI does function in a vacuum.
Please educate u'rself more.

 

[indiatester]

[


Bhakti wants to defend it's track record after f*ing things up. It even cooks up an idea that said merger never happened.

Not sure about bhakti. You seem to know more about it. However I know retards invent something that didn't happen into something that is not relevant.
Karur Vysya Bank has not merged with ING for sure.

What S Gurumurthy had to do with that non-existent merger and what that has to do with the GST scrapping statement by Subramanya Swami beyond my comprehension. But then again, I was never able to handle retards.

 

[Bitter Melon]

Wait Wait Didn't Einstein say, Once a Sickular, always a ....
RBI need not do govt bidding but RBI definitely needs to help govt achieve it's agenda.
As elected representatives, the govt is the one driving the economy and policies as promised to people.
If RBI governor is a hindrance to that delivery, he must GO.

It's not similar to executive vs judiciary as RBI does function in a vacuum.
Please educate u'rself more.

That guy is beyond education. He is a troll and best avoided.