Congrajulate Modi for economic policy?
My opinion is that Modi is quiet bent on taking on black money. I feel that ban on Rs 500 and Rs 1000 notes is right. I feel that pirate party should write a congratulations letter to him.
We must also push him for land and property reforms, for example take a look at this article https://medium.com/@karthik_ak/2-of-rich-indians-own-90-of-property-9272386dd7#.boh1n1tzx
Pirate Vik Sun 4 Dec 2016 7:36PM
AFAIK BJP have not traditionally had their own economic policy and have just continued on a track of policy defined by the previous government. I don't think you can really congratulate someone for that.
Karthikeyan A K Mon 5 Dec 2016 4:19AM
Yes, then you must congratulate no leader on this world then, as no ideas are original. Why Modi has gained respect with youth is, he was able to take stubborn decisions like Indra Gandhi.
Pirate Praveen Mon 5 Dec 2016 6:40AM
That shows the sad state our youth, refusing to think, refusing to act and waiting for a messiah to save them. Taking stubborn decisions on its own is no merit, stupid people can be stubborn too. Waiting for a messiah to save them is easier, it needs no thinking, no action on their part, just needs to pray and naively believe the messiah has arrived when someone claims that status. Do you see the acceptance of many godmen/babas as good sign too? They also claim their God status and large number of people believe them? Is blind acceptance of large number of people a criteria to evaluate the worthiness of a person?
Pirate Praveen Mon 5 Dec 2016 1:36PM
J Devika wrote this beautifully, though in an article about a short film, but covers the young men you describe nicely, who are mesmerised by the courage of Mr Modi.
" I met her, a young woman professional working at Technopark, Thiruvananthapuram – where else, in these days, but in the queue in front of an ATM . In response to my grumbling, she told me that she had never experienced any kind of power in her whole life. She had not even been affected by demonetisation much, she insisted. ‘True, I couldn’t pay the dhobi and the ironing-man, but those were minor inconveniences,’ she quipped cheerily, quite convinced, of course, that the predicament of these two people, definitely as much professionals’ as her, was none of her concern. Indeed, her constant effort was to cheer people in the queue with her don’t-worry-be-happy body-language with which she slipped and slid between acting and sounding like a grown woman and chirping and giggling like a teenager or child. She was attracted to the BJP, she said, because she needed some ‘philosophy’ in her life, to balance the heavy workload she carried in her workplace. As far I could see, her life was such that the philosophy-lesson she would find useful could have been obtained from something as commonplace as a treadmill – start slow, peak up, take regular dips, continue for a spell sufficiently long, stretch after the workout. In other words, her life seemed to be just one long workout, with no indication of when it would end or yield result. But just the feeling that she was on her way was enough to make her cheery to the point of being silly.
That, typically, is the attitude of precisely people who have been so overwhelmed by power, those who never have had a chance to see a sliver if light through a tiny chink even."
https://kafila.online/2016/12/05/memories-of-a-machine-or-the-machine-of-memory/
Pirate Vik Mon 5 Dec 2016 2:35PM
Yeah, I agree, we should not congratulate these "leaders" for they don't really lead, they are following. Following corporate lobbyists, following free trade economics of the previous regime, following rules laid out at the WTO, following what the World Bank say they have to do because of the money they borrowed.
As for Indira Ghandi, you mean stubborn decisions like using sikh religious extremists as your attack dogs and then dumping them? Straight out of the US / Afghani playbook.
I think what is needed is more voice to more people and less celebrity leader worship.
Pirate Vik Mon 5 Dec 2016 2:41PM
@karthikeyanak Agree on pushing hard for the land and property reforms but be wary of these reforms, they may lead to headlines like "2% of rich foreigners own 90% of Indian Property" a bit like:
https://www.ft.com/content/605cdea2-fb69-11e2-a641-00144feabdc0
Karthikeyan A K Mon 5 Dec 2016 4:10PM
I don't say foreigners, but I say 2% of Indians, and ofcourse they must be rich. The two things that led to real estate bubble were black money and NRI investment. This demonetization, economist say will lead to 30% in real estate price reduction. Thats about saving 6years of a mans life if he would take mortgage for 20 years.
If eliminating black money is true interest, gold and land must be touched. It won't eradicate all black money people, but will hit some of them.
When society becomes cashless, we can use big data to find culprits (only government will have sufficient data to do that) . If India adopts bitcoin, then all will know what goes where and we can trace things out.
Pirate Praveen Thu 8 Dec 2016 4:40PM
When society becomes cashless, we can use big data to find culprits (only government will have sufficient data to do that) . If India adopts bitcoin, then all will know what goes where and we can trace things out.
Do you think we are not able to catch many criminals because we don't know about them? Many in the government or the ruling establishment, be it ministers, representatives or others close to them have criminal cases against them. Why do you think we are not able to catch them? How about Vijay Mallya? Why is he not in jail? Is it because we don't know he is not paying back the loans?
Pirate Bady Mon 5 Dec 2016 7:25PM
when i heard about the news of demonetization for the first time i actually supported it. but later on seeing how it affected people and questioning how effective it really is made me change my mind. it may be a decision with good intention, but of course a bad implementation.
if this article is reliable it clearly explains how ineffective the demonetization policy is.
We are then left with about Rs 58,200 crore as the net gain for the government – not even a third of the original expectation.
It is interesting to note that Rs 58,200 crore will be only twice as large as the money collected through the earlier voluntary disclosure scheme for black money that closed on September 30 this year and raised Rs 29,000 crore – and this was an exercise that did not involve bringing the entire economy to a near- standstill.
So far, we have come to two important realizations: (a) Notebandi is now not a war on corruption, but is rather a welcome-arch for black money holders to convert their cash stash into legally white money; and (b) the bonanza that many saw on November 8 is likely to remain a mirage.
government made people all over the nation suffer for these? what about the people who lost their lives?
http://mashable.com/2016/11/16/india-people-dying-demonetization/
@karthikeyanak you still think we should congratulate modi?
Karthikeyan A K · Sun 4 Dec 2016 5:48PM
I agree that almost no planning was done. Will go through the articles.