Views on Life & on Equity Investing

Wonder, Wealth & Abundance

Day 6 – Poor execution of demonetization

with 7 comments

Verdict on Day 6:

– Modi failed on execution (visit to Japan, bad move)
– Flat tax on deposits was an option
– Many other ways to skin this cat, Rwanda, Kenya, Scotland use Mobile Bank Vans since past 10 years, could have been used to reach remote hinterlands to exchange old notes by show of Aadhar/ Voter ID card etc.
– Thousands of innocent people died as private doctors and hospitals refused to treat patients with old notes
– Modi not apologetic and does not blame his poor execution either
– Only people using credit card / e-banking / wallet and armchair philosophers can empathise with antics and charming and charismatic spiel of Modi

One parallel way to reduce corruption from India:

Modi ji spoke about checking records since Independence of India in his speech. Right. Check the nexus of Industrialists during licence raj with political establishment and how hard they tried to prevent MNCs. Check Bajajs, Tatas, Ambani. Jail 3-4 top billionaire industrialists. Jail 3-4 MPs. Within days notice Tax Compliance across the board, though execution is quite hard. Modi could have declared emergency and declared martial law and should have moved select high profile tax offenders to prison without hassling the other 124+ Crore citizens.

 

 

Written by amitdipsite

November 14, 2016 at 1:33 am

Posted in Uncategorized

7 Responses

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  1. Amit ji
    Hope you are safe. Hows the quake? i heard Tsunami alert too.
    kk

    Karthik

    November 14, 2016 at 4:31 am

    • Dear Karthik

      Thanks for checking. It was frightful, it was very strong. Fortunately I don’t have to deal with Trump or INR Notes. Tsunami evacuation was my first time involvement, as I heard the sirens I called police and asked for the purpose, was told to move to hills. The country is very prepared, as its on seismic zone. We had to rush to higher ground / hills at 3.a.m. Two days the business, malls, schools, banks closed as buildings are being inspected.

      amitdipsite

      November 14, 2016 at 5:08 am

      • take care sir…times like this we realiuze jaan hai to jahaan hai

        Abhishek

        November 14, 2016 at 3:40 pm

      • Stay safe.. When I heard the news, your thought came to my mind bcuse no one else I knw there.🙂

        Pradeep

        November 14, 2016 at 5:39 pm

  2. Amit, Glad to know you are ok and safe. Take care…

    Eternal Seeker

    November 15, 2016 at 3:00 pm


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