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chakravarthy v
demonitisation
by chakravarthy v on Apr 01, 2019 01:47 PM

I wonder how learned scholars make such a remark on demonetization. He is worried about the Demonitisation that affected economy and its slow down.

But the fact is demonetization has affected parallel economy (underworld) being run on cash by not following any government regulations thus avoiding tax. There is dent in GST, income tax etc etc. This encourages lot of bribing in the system also which again fuels black economy.

Salaried employees and big corporate are fools to follow all the rules on the land and pay every possible taxes through their nose. Year on year taxes keep on increasing upward because the honest payers keep on reducing. More honesty more tax.

This vicious circle can be avoided if all the people in this country pay taxes. This will help economy to grow and also taxes get reduced and honest can relax a bit.

The current government took this issue by horns, knowing for sure that is going to affect their political mileage. Instead appreciating the guts to do this in this vast country people comment and try to through the mud

Atleast educated (or should i say highly educated) should appreciate the pain in taking such decision which is actually good for economy and common public ( should i say salaried class).

Now a days every thing being looked from a coloured glass and look around for political benefit one is expected to get. In this honesty takes back seat and only saving his seat becomes every bodies prime objective.

Shame on the people..

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R  ponnabalam
Wasteful Indian EBconomicsdom
by R ponnabalam on Mar 21, 2019 02:28 PM

"All reform except a moral one will prove unavailing ." Thomas Carlyle.All Indian Economic wisdom had been shouting REFORM REFORM without reforming it to be moral one.All pretension.We have IDBI bank?What Industrial development it had brought about?When next door Bangladeshwas giving micro loan India was building Non Performing Asset?What a word coinage?Non Performing but Asset!!People delivering lectures like this should tell why our Per capita income in dollar terms is half that of Sri Lanka(source wikipedia) and it was so as regards Indonesia in 2012,We might faring still worse against Indonesia now. Why in India the top 10 percent controlled about 74 percent of it the poorest 30 percent, meanwhile, had just 1.4 percent of the total wealth as spoken by Mr. H.Ansari 2 yrs or so back.R.Ponnambalam

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pranab banerjee
Observations on Kaushik Basu' speech
by pranab banerjee on Mar 21, 2019 01:14 PM  | Hide replies

I am also a MBA(xlri)with Engineering degree.
Your speech is in good English..
Your point on unorganized sector is certainly commendable.
But all your later points regarding morality, secularism, narrow mindedness of current dispensation are all rubbish , impractical Moral Science stuff.
It also smells of Politics.
Economy is too complex a game to be played with Reasoning and Morality.
Another economist like you , a Nobel laureate, Amratya Sen, came to India roaring like a lion with all his ideas of economic reforms , but fled with three times the speed when Vajpayee government offered him the chair of Dy Chairman, Planning commission. Now this economist talks less on economy and more of danger of Hindutava.
So, sir, you can see...




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Pen diamond
Re: Observations on Kaushik Basu' speech
by Pen diamond on Mar 22, 2019 09:17 AM
Sir , With due respect, I can see a lot of value in this column , Though this column leans to the left and I am a rightist myself. Morality and Reasoning are not rubhish, They are the core of Human existence. If you have not understood this simple fact then, you have a long way to go in understanding life

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pranab banerjee
Observations on Kaushik Basu' speech
by pranab banerjee on Mar 21, 2019 01:14 PM  | Hide replies

I am also a MBA(xlri)with Engineering degree.
Your speech is in good English..
Your point on unorganized sector is certainly commendable.
But all your later points regarding morality, secularism, narrow mindedness of current dispensation are all rubbish , impractical Moral Science stuff.
It also smells of Politics.
Economy is too complex a game to be played with Reasoning and Morality.
Another economist like you , a Nobel laureate, Amratya Sen, came to India roaring like a lion with all his ideas of economic reforms , but fled with three times the speed when Vajpayee government offered him the chair of Dy Chairman, Planning commission. Now this economist talks less on economy and more of danger of Hindutava.
So, sir, you can see...




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Pen diamond
Re: Observations on Kaushik Basu' speech
by Pen diamond on Mar 22, 2019 09:18 AM
Sir , With due respect, I can see a lot of value in this column , Though this column leans to the left and I am a rightist myself. Morality and Reasoning are not rubhish, They are the core of Human existence. If you have not understood this simple fact then, you have a long way to go in understanding life

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Pen diamond
Very poignant point
by Pen diamond on Mar 20, 2019 03:22 PM

Very well delivered lecture. Two aspects I see reflected in our own political parties that run India. One is highly competent and reasonable but very less morality, the other is highly moral and non corrupt but less competent . No points for guessing who is who but I wish we had a bit of both

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Pen diamond
Very poignant point
by Pen diamond on Mar 20, 2019 02:57 PM

Very well delivered lecture. Two aspects I see reflected in our own political parties that run India. One is highly competent and reasonable but very less morality, the other is highly moral and non corrupt but less competent . No points for guessing who is who but I wish we had a bit of both

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Abhishek Shridhar Mishra
Basu's address
by Abhishek Shridhar Mishra on Mar 20, 2019 01:34 PM

Whereas education is essential for human and intellectual development, ethics and values is essential for society and national development. IIT/IIM is not the place for inculcating these values. Majority of people who have shaped our society /nation were Not from these institutions. However it does not mean that IIM/IIT should be demonized for it. Nationalism comes from national pride and national pride comes from sacrifices for the nation. Let these institution build a spirit of sacrifice- and inculcate values in its students.They should teach the that PROFIT is not the only measure of success.

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sudhir surana
KAushik Basu Address
by sudhir surana on Mar 20, 2019 11:06 AM  | Hide replies

It seems more a Political Address than a nonvocational Address as he has selected isolated things to demean the achievements in inclusive growth and socio-economic growth initiatives undertaken by the present regime. He has no where talked about the level of corruption during his stint in our country but talked heavily about morality. Who is hypocrite ...am unable to understand

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Pen diamond
Re: KAushik Basu Address
by Pen diamond on Mar 20, 2019 02:57 PM
Never occured to me until you pointed it out, good point

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Raghavendra Ravi
Re: KAushik Basu Address
by Raghavendra Ravi on Mar 21, 2019 09:59 AM
Most of us who get educated through english language, american books, admire american professors, admire indians who go to america ... cannot see a different point of view. Similarly, Basu cannot understand the value of demonetization - 30% fall in real estate prices itself shows the value -- not every one will agree , but there is a different point of view which the "american perspective" will not allow us to see!

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True Voice
No Social commitment
by True Voice on Mar 20, 2019 10:22 AM  | Hide replies

Those who passout from IIM ot IIT have no social commitments. They just want high package salary from any trader. Remember those IIT guys clapped their hands when the CEO of this country made fun of children of slow learning and their mothers.
Exceptions may be there but very few.

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Pen diamond
Re: No Social commitment
by Pen diamond on Mar 20, 2019 02:56 PM
I dont think that is true,
I see a lot of IIT IIM grads being highly socially responsible

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Techno Savvy
Re: No Social commitment
by Techno Savvy on Mar 20, 2019 11:23 AM
Please don't generalize. I am an aluminus of IIT & I can tell you a huge number of us think of the common good. Those who poke fun at other's miseries are few & far between. And why pick on IIT & IIM? There are many from other colleges who do far worse.

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Dhaval Patel
Re: No Social commitment
by Dhaval Patel on Mar 21, 2019 01:48 PM
Well, it seems you donot belong to IIT, IIM or NIT or any such community. Dont be that fox who could not make up to the grapes. Do declare what you have done for the society.

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