Business & Economy

currency demonetization in India

Currency Demonetization in India: General Comments

Comment Dt. 11.01.2017 Well…it’s more or less confirmed now that the currency demonetization in India was a well planned guinea pig experiment of the US to check the reactions of the people on being deprived of cash. The fact to be noted here is that the US has high denomination notes of 88% value of the currency in circulation, which was similar to the Indian conditions. However, of course, the…


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Budget 2016: Rs. 25,000 Cr Scam And More

The Bank Scam So, it’s done. Rs 25,000 cr has been provided in the budget for recapitalization of PSBs for taking care of the “stressed assets” of the banks. Basically, all the bad loans of the corporate will be written off with this money. Further, if the amount is found insufficient, additional amount will be allocated. This is nothing but a scam. The public funds are being siphoned off into…


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A. P. J. Abdul Kalam

#Kalam https://en.m.wikipedia.org/wiki/A._P._J._Abdul_Kalam It’s bad luck of India that one of the greatest minds of the present times couldn’t do anything worthwhile — missiles and nuclear bombs are obnoxious; rockets are waste of money; and I only hope he didn’t furtively bio-implant people. Rather, the books he wrote — which I admit I have not read any — might be what he will be remembered for ultimately. Have downloaded “Wings of…


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UB 2015

Dated 28.02.2015 There is a reason for using an acronym heading. The budget is simple and straightforward: – Big spending by the government and not much incentives to the industry with strict control on black money, so those who were looking for a low interest rates, expansionist economy regime can now sell their stocks and go to sleep for atleast an year. – And new acronyms: JAM, FAME, MUDRA, GIFT,…


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Hindutva Budget 2014

Now I know for sure that the markets don’t understand “HIndutva”, else they would have touched upper circuits by now. “Hindutva” is distinct and separate from the Hindu religion: it is an ideology of political expediency, which was propounded by the late-comers/losers to gain some fast penetration amongst the hysterical Indians, for the secure Indians had already chosen Gandhi’s Congress. Their attempts at that time didn’t bore much fruits because…


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Current Economic Crisis

First published on 20.08.2013 The world economy can be segregated into two parts: First, the interlinked market based economies of the countries/centres mostly following the US model of development, and, second, the islands of nations/regions delinked from the globalised world sustaining themselves on the basis of local resources and development. The Indian economy in the urban centres and the most of the rural centres is now linked to the world…


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Budget Speech 2013

First Published on 28.02.2013 I have no doubt that this year’s budget speech is very biased. The speech starts with a defensive statement that, given the serious current account deficit problem, there is no choice but to welcome the foreign investments – and, therefore, when he mentions the CAD figure, he mentions it in the USD, clearly indicating the intention to mortgage the Indian sovereignty to fund the CAD. However,…