Definitely funnier than their usual shit.
India politics thread
- Thread starter Shiva87
- Start date
Wtf is going on in the Lok Sabha?!
Why is the speaker casually letting it go on?
Why is the speaker casually letting it go on?
Will the student also be awarded for singing Har Har Modi on daily basis 
Ffs Has Smriti Irani been reappointed out something?
Has Smriti Irani been reappointed out something?. But considering the babus can still deposit that cash in the bank, it can still be considered as bribe no?Of course. A bribe is a bribe irrespective if it's trash or a bag of drugs or a bag of old notes.
Apparently RBI is now going to print plastic notes to try and stop counterfeiting ... How is that going to work? 2000 and 500 denominations are already out.
Another recall? or will it be for the 100r notes who no one wants to counterfeit ?
Another recall? or will it be for the 100r notes who no one wants to counterfeit ?
People can counterfeit each and every bank note till the time it's valuable. The day a 5 rupee note is a valuable part of liquidity in an economy, it will be counterfeited.
The best way is to educate people how to detect counterfeits (how these attendants do at petrol pumps) and/or have machines where you can check the authenticity of the bank notes.
I was convinced by people's arguments in here that queues are shortening and no has faced real inconvenience. Or even if that were the case, it's only for a couple of days.
Celebrating 30 days of demonetisation, women's threatens suicide. Country is really cashless now. Good work Modiji
. Eagerly waiting for your next chest thumping speech starting with "Mere pyare desh wasiyo...." Unraveling the mystery behind Rs 3.03 lakh crore deposits in 15 days before demonetisation was announced.
http://www.business-standard.com/ar...crore-deposits-in-15-days-116120800926_1.html
http://thewire.in/85629/mystery-demonetisation-rs-3-lakh-crore-deposits-15-days/
See this GRAPH..the spike in Sep 30 is greater than the spike due to demonetization data upto Nov 25! Our FM called it "MARGINAL SPIKE".
3.03 lakh deposit within 15 days and 1.22 lakh withdrawal in next few days, the highest numbers in FY 16-17. So, this definitely was a 'top secret' operation
http://www.business-standard.com/ar...crore-deposits-in-15-days-116120800926_1.html
http://thewire.in/85629/mystery-demonetisation-rs-3-lakh-crore-deposits-15-days/
See this GRAPH..the spike in Sep 30 is greater than the spike due to demonetization data upto Nov 25! Our FM called it "MARGINAL SPIKE".
3.03 lakh deposit within 15 days and 1.22 lakh withdrawal in next few days, the highest numbers in FY 16-17. So, this definitely was a 'top secret' operation
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Interesting.
Not sure if PM of a country or an admin of a whatsapp group.
Not sure if PM of a country or an admin of a whatsapp group.
And the 'lucky draw' winner can't be none other than a farmer/ tea seller/ fish man or a local shop owner.
My goodness man!!! Really..
12 Sketchy Claims Made By Big Jumla Party Or BJP On Notes Ban
http://www.ndtv.com/opinion/12-sket...on-notes-ban-1636826?pfrom=home-lateststories
1. Fake currency: Only 0.002 per cent of the total currency in circulation is counterfeit. This means: of every 10 lakh or one million currency notes in the system, only 250 are fake. This is a statistically insignificant number. It is important to weed out these notes - but not by declaring 86 per cent of the total currency (by value) illegal.
As the spiritual leader and poet Kabir wrote in one of his dohas (I remember a few from school), why use a sword when you need only a needle?
2. Black money: Past seizures of black money or illegally earned wealth or income that has avoided the tax net indicate between 3.75 per cent and 7.3 per cent of such seizures are typically in cash. The rest is in gold, real estate and off-shore accounts. Where's the action on those fronts? We're waiting, and waiting.
3. Bank coverage: The government wants us to use credit cards, debit cards, ATM cards, go to banks and open accounts. All very well but remember four of every five Indian villages lack a bank account. Think about that - 80 per cent of villages. I'm not talking about the BJP's Potemkin villages, but real Indian villages.
4. Informal sector: The informal sector is highly cash intensive and accounts for 45 per cent of GDP. It also makes up 80 per cent of employment. There are an estimated 21,000 unorganized mandis in the country and 38.3 million unorganized small and medium-sized businesses. Most of these, if not all, use cash in a perfectly legitimate manner. Today they are devastated and countless people have lost jobs. Who is responsible?
5. Fast-moving consumer goods (FMCGs): The BJP dreams of a futuristic, Isaac Asimov India where a billion people will log-in every morning and buy toothpaste and rice and dal online, making digital payments. Here's the reality: 92% per cent of sales in the FMCG category take place courtesy kirana stores. Only one per cent of these uses cashless or digital modes of payment. Maybe the BJP's next project is selling suntan lotion to Eskimos.
6. Electoral reforms: 80% of funds given to major political parties come from "unknown sources". The BJP is the biggest culprit. In the period 2013-15, the years of the BJP's greatest electoral success, the party is recorded as having received Rs. 977 crore in cash from "unknown sources". This is at the root of India's black money economy.
7. Debit card usage: In India, 95% of debit card transactions are used only to withdraw money from one's own bank account, at an ATM. Only five per cent of debit card transactions are used to buy goods or services at a retail outlet.
8. Mobile wallets: While these are being promoted wildly and manically by BJP government ministers, it is worth noting that only 130 million Indians, or 10 per cent of the population, have mobile wallets. What do the rest do? Eat SIM cards?
9. Cooperative banks: 40% of the market share of the banking system is made up of cooperative banks. This is where ordinary rural folk, farmers and their families, go. Strangely, cooperative banks have not been allowed to exchange old currency notes. Why?
10. Printing currency: Based on current capacity of the printing presses, it will take eight to 12 months - even if the usual two shifts per day goes up to three shifts per day - to print and circulate the currency notes required to be given back to the people. On January 1, 2017, nothing would have changed. We'll still be in a soup, even after the 50 days the Prime Minister has sought.
11. GDP loss: GDP growth may fall to 5.5% for this fiscal year, a two per cent negative from expectations. In absolute terms, India could lose as much as Rs. 4.7 lakh crore of GDP. Slowing demand in the economy, inventories going up, job losses as production is cut back - all of these are being reported from across the country.
12. Cash deposited: Currency worth Rs. 14.17 lakh crore was demonetised on November 8. Of this, the union government expected Rs. 3 to 4 lakh crore to remain unclaimed and to be "extinguished". It spoke of this coming back to the government as a special dividend from the Reserve Bank of India, a unique institution that is led by the Invisible Man. Now it appears about Rs. 12 lakh crore has already come back and in the remaining fortnight, so will the rest. So where are the gains and where is the black money and where is the so-called dividend? The net gain from demonetisation is zero.
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Yes, i know it's Derek O'Brien. But, even if he is the worst person in India, the questions/points raised by him are very serious and must be answered. So, rather than looking for excuses, try to answer the points. Can you rebut the arguments in this article???
http://www.ndtv.com/opinion/12-sket...on-notes-ban-1636826?pfrom=home-lateststories
1. Fake currency: Only 0.002 per cent of the total currency in circulation is counterfeit. This means: of every 10 lakh or one million currency notes in the system, only 250 are fake. This is a statistically insignificant number. It is important to weed out these notes - but not by declaring 86 per cent of the total currency (by value) illegal.
As the spiritual leader and poet Kabir wrote in one of his dohas (I remember a few from school), why use a sword when you need only a needle?
2. Black money: Past seizures of black money or illegally earned wealth or income that has avoided the tax net indicate between 3.75 per cent and 7.3 per cent of such seizures are typically in cash. The rest is in gold, real estate and off-shore accounts. Where's the action on those fronts? We're waiting, and waiting.
3. Bank coverage: The government wants us to use credit cards, debit cards, ATM cards, go to banks and open accounts. All very well but remember four of every five Indian villages lack a bank account. Think about that - 80 per cent of villages. I'm not talking about the BJP's Potemkin villages, but real Indian villages.
4. Informal sector: The informal sector is highly cash intensive and accounts for 45 per cent of GDP. It also makes up 80 per cent of employment. There are an estimated 21,000 unorganized mandis in the country and 38.3 million unorganized small and medium-sized businesses. Most of these, if not all, use cash in a perfectly legitimate manner. Today they are devastated and countless people have lost jobs. Who is responsible?
5. Fast-moving consumer goods (FMCGs): The BJP dreams of a futuristic, Isaac Asimov India where a billion people will log-in every morning and buy toothpaste and rice and dal online, making digital payments. Here's the reality: 92% per cent of sales in the FMCG category take place courtesy kirana stores. Only one per cent of these uses cashless or digital modes of payment. Maybe the BJP's next project is selling suntan lotion to Eskimos.
6. Electoral reforms: 80% of funds given to major political parties come from "unknown sources". The BJP is the biggest culprit. In the period 2013-15, the years of the BJP's greatest electoral success, the party is recorded as having received Rs. 977 crore in cash from "unknown sources". This is at the root of India's black money economy.
7. Debit card usage: In India, 95% of debit card transactions are used only to withdraw money from one's own bank account, at an ATM. Only five per cent of debit card transactions are used to buy goods or services at a retail outlet.
8. Mobile wallets: While these are being promoted wildly and manically by BJP government ministers, it is worth noting that only 130 million Indians, or 10 per cent of the population, have mobile wallets. What do the rest do? Eat SIM cards?
9. Cooperative banks: 40% of the market share of the banking system is made up of cooperative banks. This is where ordinary rural folk, farmers and their families, go. Strangely, cooperative banks have not been allowed to exchange old currency notes. Why?
10. Printing currency: Based on current capacity of the printing presses, it will take eight to 12 months - even if the usual two shifts per day goes up to three shifts per day - to print and circulate the currency notes required to be given back to the people. On January 1, 2017, nothing would have changed. We'll still be in a soup, even after the 50 days the Prime Minister has sought.
11. GDP loss: GDP growth may fall to 5.5% for this fiscal year, a two per cent negative from expectations. In absolute terms, India could lose as much as Rs. 4.7 lakh crore of GDP. Slowing demand in the economy, inventories going up, job losses as production is cut back - all of these are being reported from across the country.
12. Cash deposited: Currency worth Rs. 14.17 lakh crore was demonetised on November 8. Of this, the union government expected Rs. 3 to 4 lakh crore to remain unclaimed and to be "extinguished". It spoke of this coming back to the government as a special dividend from the Reserve Bank of India, a unique institution that is led by the Invisible Man. Now it appears about Rs. 12 lakh crore has already come back and in the remaining fortnight, so will the rest. So where are the gains and where is the black money and where is the so-called dividend? The net gain from demonetisation is zero.
****************************************************
Yes, i know it's Derek O'Brien. But, even if he is the worst person in India, the questions/points raised by him are very serious and must be answered. So, rather than looking for excuses, try to answer the points. Can you rebut the arguments in this article???
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It is an article with an agenda. No need for rebuttal. Just needs ignoring due to bias.
If you look at general expenses and luxury spendings the value spent in urban and semi urban areas far outweigh the rural sector. If we can move the urban population to reduce cash usage, it'll be a fantastic achievement. Probably the 80/20 rule. India's consumer growth is driven mostly by urban consumers. They may be a minority compared to whole population...but do the majority spending.
And urban dwellers have mobile phones and bank accounts. So with a bit of effort reducing the use of cash and moving into cards, mobile, internet forms of transactions should be easy.
On FMCG, I'd assume more than 60% are again based in urban sectors. Kirana stores are still there, but more and more people buy stuff from big supermarkets and do weekly/monthly shopping in bulk. I doubt the Kirana store/FMCG stats actually amount to anything worthwhile.
And finally, the move is just aimed at people who already have black money in cash. You can debate the efficient of the move within that parameters. So the lack of bank accounts, Informal sector and Electoral reforms would not be impacted by the move. Adding them as a negative against demonetization is either ignorance or just false representation.
So basically the government/RBI/MoF's calculations have been way off. And then RBI suggests people should not hold on to their money and spend freely. Amazing.
WorldViews
India’s brand new bank notes are already being used for corruption
By Max Bearak December 15 at 12:01 AM
NEW DELHI — On Nov. 8 — the same day American politics was upended — India's prime minister announced the sudden invalidation of all high denomination currency notes, accounting for a whopping 86 percent of the country's cash. Demonetization, as it is referred to here, has thrown Indians rich and poor into a protracted state of confusion and frustration.
The move's primary intention has been to catch tax evaders. A significant portion of India's cash is ill-gotten or undeclared, and it passes hands in an extensive shadow economy that goes untaxed. Invalidating 500 and 1,000 rupee notes meant that all Indians, including those hoarding large amounts of cash, would have to exchange those notes for new ones at a bank. In the process, official thinking went, all cash would become accounted for, and those who had been evading taxes would either have to stomach huge losses or declare their assets and pay major penalties.
For the plan to work, however, it had to be done in secret. Otherwise, those in possession of India's “black money” could have converted it into noncash assets such as gold and avoided detection. That secrecy meant that the minting of new notes — new 500s, and 2,000s instead of 1,000s — could not happen in earnest until well after the invalidation was announced, lest a whiff of the change seep out. At current rates of printing, analysts say it may take three more months, if not double that, to restore the economy to its previous level of liquidity.
As such, India is now in the throes of a major cash shortage. Banks have each set their own limits on ATM withdrawals, leading to long lines as people's cash runs out quickly. People are spending hours in those lines, often to find out that cash has run out before their turn. That's not to mention entire sectors of the economy — including segments of agriculture and even manufacturing — that are entirely cash-driven and have gone through major slowdowns because of the shortage.
For the first few weeks of demonetization, it was common to meet Indians who felt that their collective suffering and inconvenience was justified because it would ultimately usher in a less corrupt, more equal India. But as the initiative enters its second month, more and more reports are emerging of seizures of vast quantities of hoarded cash in the new notes. Like water reaching the sea, the corrupt, it seems, have found ways to navigate around the government's new obstacles.
In just two states alone, India's Income Tax department said on Wednesday that it had recovered 202,200,000 rupees (roughly $3 million) in new 2,000 notes, according to ANI News. In those two states, Karnataka and Goa, the department said it had registered a total of 36 cases and recovered unaccounted-for assets — mostly in cash, jewelry and gold — in excess of 10 billion rupees (roughly $150 million).
Stories of humongous seizures of assets including new currency have become so common that news outlets are simply adding them as bullet points to stories with running tallies. A sense is building that while millions of Indians languish in ATM lines, the old black money system is simply restarting itself with the new notes.
Gujarat: Police seize Rs 19.67 Lakh from a house in Vadodara, Rs 13 Lakh in new notes. pic.twitter.com/6TRrqGnZaJ
— ANI (@ANI_news) December 13, 2016
The biggest question is how people are getting their hands on such huge stashes of the new currency. A sting operation by the India Today news channel revealed one way: visiting your local politician. Reporters posing as businessmen approached four politicians in and around New Delhi, none of whom were from the party led by Prime Minister Narendra Modi. They said that they had large quantities of old notes that they wanted to launder into new ones. Each of the four politicians said that they could arrange the deed for a 30 or 40 percent cut. On Dec. 6, a politician from Modi's party was arrested in the state of West Bengal with 3.3 million rupees in new notes.
Bank employees, from local tellers to a staffer of the Reserve Bank of India, have also been implicated in laundering schemes. The RBI played down the involvement of its employee, whose title was “senior special assistant,” saying he was a “junior functionary.” On Tuesday, the RBI instructed banks around India to keep strict records of all deposits and withdrawals, and promised large-scale audits in the near future.
Modi has staked his reputation on weeding out corruption through demonetization, but the endless news of cash seizures has many wondering if corruption is more deeply endemic than he realized. It was just last week that police in the central city of Hoshangabad stopped a minivan and found 4 million rupees in new notes stuffed in a black cloth bag inside. On the front of the car, in thick gold lettering, were the words: President, Anti corruption Society.
https://www.washingtonpost.com/news...-corruption/?tid=sm_tw&utm_term=.5b208bdf82b4
I think the real takeaway is not the temporary choas this has created - it will with each passing day sort it self out...but, how entrenched corruption is and how little this will have done to combat it - even as a 1st step.
As a non-indian, I think Modi is genuine in his attempts to combat corruption and black money (and sure getting a leg up in the elections is a nice bonus!) but, his honesty is an aberration - for India and certainly for his party.
India’s brand new bank notes are already being used for corruption
By Max Bearak December 15 at 12:01 AM
NEW DELHI — On Nov. 8 — the same day American politics was upended — India's prime minister announced the sudden invalidation of all high denomination currency notes, accounting for a whopping 86 percent of the country's cash. Demonetization, as it is referred to here, has thrown Indians rich and poor into a protracted state of confusion and frustration.
The move's primary intention has been to catch tax evaders. A significant portion of India's cash is ill-gotten or undeclared, and it passes hands in an extensive shadow economy that goes untaxed. Invalidating 500 and 1,000 rupee notes meant that all Indians, including those hoarding large amounts of cash, would have to exchange those notes for new ones at a bank. In the process, official thinking went, all cash would become accounted for, and those who had been evading taxes would either have to stomach huge losses or declare their assets and pay major penalties.
For the plan to work, however, it had to be done in secret. Otherwise, those in possession of India's “black money” could have converted it into noncash assets such as gold and avoided detection. That secrecy meant that the minting of new notes — new 500s, and 2,000s instead of 1,000s — could not happen in earnest until well after the invalidation was announced, lest a whiff of the change seep out. At current rates of printing, analysts say it may take three more months, if not double that, to restore the economy to its previous level of liquidity.
As such, India is now in the throes of a major cash shortage. Banks have each set their own limits on ATM withdrawals, leading to long lines as people's cash runs out quickly. People are spending hours in those lines, often to find out that cash has run out before their turn. That's not to mention entire sectors of the economy — including segments of agriculture and even manufacturing — that are entirely cash-driven and have gone through major slowdowns because of the shortage.
For the first few weeks of demonetization, it was common to meet Indians who felt that their collective suffering and inconvenience was justified because it would ultimately usher in a less corrupt, more equal India. But as the initiative enters its second month, more and more reports are emerging of seizures of vast quantities of hoarded cash in the new notes. Like water reaching the sea, the corrupt, it seems, have found ways to navigate around the government's new obstacles.
In just two states alone, India's Income Tax department said on Wednesday that it had recovered 202,200,000 rupees (roughly $3 million) in new 2,000 notes, according to ANI News. In those two states, Karnataka and Goa, the department said it had registered a total of 36 cases and recovered unaccounted-for assets — mostly in cash, jewelry and gold — in excess of 10 billion rupees (roughly $150 million).
Stories of humongous seizures of assets including new currency have become so common that news outlets are simply adding them as bullet points to stories with running tallies. A sense is building that while millions of Indians languish in ATM lines, the old black money system is simply restarting itself with the new notes.
Gujarat: Police seize Rs 19.67 Lakh from a house in Vadodara, Rs 13 Lakh in new notes. pic.twitter.com/6TRrqGnZaJ
— ANI (@ANI_news) December 13, 2016
The biggest question is how people are getting their hands on such huge stashes of the new currency. A sting operation by the India Today news channel revealed one way: visiting your local politician. Reporters posing as businessmen approached four politicians in and around New Delhi, none of whom were from the party led by Prime Minister Narendra Modi. They said that they had large quantities of old notes that they wanted to launder into new ones. Each of the four politicians said that they could arrange the deed for a 30 or 40 percent cut. On Dec. 6, a politician from Modi's party was arrested in the state of West Bengal with 3.3 million rupees in new notes.
Bank employees, from local tellers to a staffer of the Reserve Bank of India, have also been implicated in laundering schemes. The RBI played down the involvement of its employee, whose title was “senior special assistant,” saying he was a “junior functionary.” On Tuesday, the RBI instructed banks around India to keep strict records of all deposits and withdrawals, and promised large-scale audits in the near future.
Modi has staked his reputation on weeding out corruption through demonetization, but the endless news of cash seizures has many wondering if corruption is more deeply endemic than he realized. It was just last week that police in the central city of Hoshangabad stopped a minivan and found 4 million rupees in new notes stuffed in a black cloth bag inside. On the front of the car, in thick gold lettering, were the words: President, Anti corruption Society.
https://www.washingtonpost.com/news...-corruption/?tid=sm_tw&utm_term=.5b208bdf82b4
I think the real takeaway is not the temporary choas this has created - it will with each passing day sort it self out...but, how entrenched corruption is and how little this will have done to combat it - even as a 1st step.
As a non-indian, I think Modi is genuine in his attempts to combat corruption and black money (and sure getting a leg up in the elections is a nice bonus!) but, his honesty is an aberration - for India and certainly for his party.
http://www.news18.com/news/india/go...merchants-using-digital-payments-1323420.html
Starting a lottery now??
Starting a lottery now??
Several people including women injured in a stampede at State Bank of India, Badvel branch (or Mangalagiri branch) in Andhra Pradesh when frustrated people rushed through the gates as they opened. This incident took place on 9th December (not on 9th November ). And they say there are no more queues
Watch the videos and feel the pain of the common man (only if you have some humanity left inside you).
). And they say there are no more queues Watch the videos and feel the pain of the common man (only if you have some humanity left inside you).
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I do. Those people in the video are a bunch of uncivilised assholes who can't see a fecking person being crushed in front of getting first to the bank. Absolute cnuts.
That part in bolded - that is rich coming from someone who is trying to use a human being getting crushed in a stampede to promote his political agenda.
Your language says it all about you and your way of thinking.. not surprised though
. You talk like this because you never faced such a situation. You were always living in your comfort zone, it's hardly surprising that you don't understand the pain of the poor. Those people are the poorest of the poor who lost all their hard earned money because of a stupid decision by the government. You should understand one thing that they are not rushing to the bank to buy costumes and Christmas cakes. They are rushing to the banks because they want to buy a simple roti for their starving family, they need money for the treatment of their loved ones, they need money for their daughter's marriage, they need money for their struggling businesses to survive. To understand their pain, you must remove your tinted glasses and look through naked eyes. And if you do so, you will think twice before calling them bad names.
And, yes, they are uncivilized, True.. and your King is asking those uncivilized and uneducated people to use cards, Paytm's, swiping machine and smartphone apps to buy roti for their starving children. What an idea, isn't it?
And believe it or not, i am not a member of any political party or a fan of a particular politician. I was actually clapping for Modi when i first heard the demonetisation news on Nov 8. But when the real reasons and scams behind the moves started to unfold, i had to change my view. And unlike many, i haven't submitted myself to someone unconditionally. I don't like the idea of someone taking the whole nation for a ride, i don't like it when the citizens are treated like fools.
@Hisha your post literally couldn't be further from the truth as far as every assumption you've made about me there is concerned. Carry on with your bhakts vs non bhakts level of discussion.
weekly update on goals of demonetization.
निकाय चुनाव : नोटबंदी के बीच बीजेपी को मिला जनता का समर्थन!
http://abpnews.abplive.in/india-new...ts-currency-crisis-in-second-phase-too-518030
http://abpnews.abplive.in/india-new...ts-currency-crisis-in-second-phase-too-518030
I would like to see how the champions of demonetization justify this.
http://m.ndtv.com/india-news/in-vid...-assaulting-him-1638906?pfrom=home-topstories
In UP, police and locals clash infront of a bank which was in short supply of cash. Police fires in air, takes aim at people who were in queue to withdraw their money.
As some genius said, there are no more queues and no shortage of money. People are calmly standing in queue and waiting for their turn
In UP, police and locals clash infront of a bank which was in short supply of cash. Police fires in air, takes aim at people who were in queue to withdraw their money.
As some genius said, there are no more queues and no shortage of money. People are calmly standing in queue and waiting for their turn
This whole thing has just turned into a massive waste of time and money for everyone.
This whole thing has just turned into a massive waste of time and money for everyone.
http://www.news18.com/news/india/po...its-for-whitewashing-black-money-1324312.html
Political Parties Can Now Become Conduits for Converting Black Money
Political parties are the new 'authorised' conduit for people who want to launder their black money. They are the real black marketers. Now with recent order they will act as locker for black money. This is getting more and more embarrassing..
Moby is a pretentious twat. But we all knew that.
The government has well and truly embarrassed itself on demonetisation, every move now is basically a face saving measure. Utter chaos for no reason caused by a clueless PM. Even most of the Bhakts have stopped trying to justify the move
What the feck. Its good that i did it a couple of weeks back.. I was planning to deposit it in the last couple of weeks to avoid the lines.
They have gone crazy.
They have gone crazy.