The economy of the country was sabotaged with subterfuge politics after the 2009 elections which Manmohan Singh won on his own against Advani! Not many could stomach that fact, including some within the congress.
Now to pontificate that one should act in country's interest and not disclose everything, is chicanery ! No, we don't trust one individual, let the truth be told.
The paralysis of the parliament extended to the bureaucracy who never risk their backsides. In fact, the corrupt bureaucracy found it politically expedient leaking selective information, but blocking the truth through RTI ! This includes, unfortunately, the defence and security forces.
The country emerged from 2008 crisis and the global slowdown with price made heavier by banks getting hollowed out by businessmen, aided by the political class. There wasn't an exception, the current ruling party was the largest beneficiary.
We heard of banana republics influenced by American companies. We now see the politics in India influenced by large corporations, notably the largest.
Corrupt Congress government has already damaged the economy. They were running this country with the help of scam. Any state ruled by them at those time has an understanding from businessman that pay us a percentage of your income and then go for whatever price you demand for a goods to sell. Now those things are currently under scrutiny of the present government and they are doing good job.
Rather than demo, the essay is on Namo and the nincompoops in opposition who together used to enjoy the crumbs without recourse (a la Sonia), the victory in 2014 and subsequent, has panicked these 27 useless parties with bleak future suddenly now make a clarion call to all their supporters (they are also part of vulture family)to raise hue and cry on all and sundry. Let us wait till 2019.
Gurumurthy has replied apty to cronies of congress. UPA regime allowed to loot through 2G, Coal Scam, CWG and innumerable loan scams. It pushed the banks to near bankruptcy. Congress and it's sympathizers had also been getting money from foreign agencies through NGOs to carry out anti-national activities.
Re: Corrupt UPA damaged economy
by newa on Jun 12, 2017 11:10 AM
TODAY THERE IS MORE CORRUPTION THAN EVER.
INDIAN IS A LAND FULL OF TRAGEDIES AND ALL PROBLEMS IN THE WORLD STARTED FROM INDIA. TODAY NSE ATTRACTS YOUNGSTERS WITH 20,000 TO 30,000 INVESTMENT TO DO INTRADAY TRADING GIVING TEN TIMES MARGIN PER DAY AROUND 3 LAKHS AND 1 CRORES MARGIN PER MONTH AND GIVES YOU TURNOVER OF CRORES IN THIS MONEY. THEN NSE SUPPLIES THIS INFORMATION TO INCOME TAX DEPARTMENT WHO SENDS MORE THAN ONE CRORE NOTICES TO INDIANS. THEN YOU HAVE TO GO AND GIVE PROOFS OF THE MONEY OF 30,000 YOU INVESTED AND LOSS AS 99 PERCENT PEOPLE HAVE LOSSES AND FROM WHERE DID YOU BRING THE MONEY FROM AND GIVE DETAILS OF ALL YOUR ASSETS AND MAYBE ROAM AROUND COURTS AND LAWYERS.
AN INCOME TAX COMMISSIONER HAD 10 CRORES WORTH SHARES IN 2006 BUT NEVER GOT CAUGHT AS PREVIOUSLY HE WAS WITH VIGILANCE DEPARTMENT BUT POOR PEOPLE FACE HARASSMENT ASKING FOR STATEMENTS AND HOW YOU GOT MONEY AND TROUBLE ENTIRE LIFE.
AND OUT OF ONE CRORE NOTICES MANY WILL HAVE TO PAY HUGE BRIBES AS LOSSES ARE NOTHING ILLEGAL BUT IF LOSS MORE THAN A FEW THOUSAND RUPEES YOU MAY HAVE TO SHOW HOW YOU PAID THE LOSS AND FROM WHOM YOU BORROWED. THEN COURTS WILL GET CRORES OF CASES AND MORE PROBLEMS FOR INDIANS
Well written article. Step by step he clarified and gave the insights of Modi Govt, and also what the previous govt left for the present one. When Modi govt came in power our country was passing through debts, cash crunch, scams and many more wrong doings. If anyone thinks three years are sufficient, also needs to understand there is no Magic wand which set things right within that period. If you cannot support the present govt, it's ok but don't spread rumors, that they are failure.
Re: Three years of the Modi government
by Shashank Tikekar on Jun 12, 2017 10:53 AM
Well said. Congressi charandas are mentally bankrupt as usual. They won't understand beyond Sibal theory
This man was the first editor to target reliance in the early eighties when his mentor was Ramnath Goenka. Now he is on the payroll of the very same elements whom he exposed in 1985 and sings paeans of Modi as instructed by his benefactors. History repeats twice, first as a farce and then as a tragedy!
INDIAN IS A LAND FULL OF TRAGEDIES AND ALL PROBLEMS IN THE WORLD STARTED FROM INDIA. TODAY NSE ATTRACTS YOUNGSTERS WITH 20,000 TO 30,000 INVESTMENT TO DO INTRADAY TRADING GIVING TEN TIMES MARGIN PER DAY AROUND 3 LAKHS AND 1 CRORES MARGIN PER MONTH AND GIVES YOU TURNOVER OF CRORES IN THIS MONEY. THEN NSE SUPPLIES THIS INFORMATION TO INCOME TAX DEPARTMENT WHO SENDS MORE THAN ONE CRORE NOTICES TO INDIANS. THEN YOU HAVE TO GO AND GIVE PROOFS OF THE MONEY OF 30,000 YOU INVESTED AND LOSS AS 99 PERCENT PEOPLE HAVE LOSSES AND FROM WHERE DID YOU BRING THE MONEY FROM AND GIVE DETAILS OF ALL YOUR ASSETS AND MAYBE ROAM AROUND COURTS AND LAWYERS.
AN INCOME TAX COMMISSIONER HAD 10 CRORES WORTH SHARES IN 2006 BUT NEVER GOT CAUGHT AS PREVIOUSLY HE WAS WITH VIGILANCE DEPARTMENT BUT POOR PEOPLE FACE HARASSMENT ASKING FOR STATEMENTS AND HOW YOU GOT MONEY AND TROUBLE ENTIRE LIFE.
AND OUT OF ONE CRORE NOTICES MANY WILL HAVE TO PAY HUGE BRIBES AS LOSSES ARE NOTHING ILLEGAL BUT IF LOSS MORE THAN A FEW THOUSAND RUPEES YOU MAY HAVE TO SHOW HOW YOU PAID THE LOSS AND FROM WHOM YOU BORROWED. THEN COURTS WILL GET CRORES OF CASES AND MORE PROBLEMS FOR INDIANS
Re: SENDING CRORES OF NOTICES FOR BRIBES AND BLACK MONEY GENERATI
by RAJA HINDUSTANI on Jun 12, 2017 10:28 AM
THE BJP IS A TOTAL FAILURE ON ALL FRONTS, THEY MADE EMPTY PROMISES TO WIN ELECTIONS, BUT ALL SECTIONS OF INDIANS ARE UNHAPPY. EXPORTS ARE LOW, FARMERS ARE AGITATING AND COMMITING SUICIDE, ALL FOOD PRICES ARE HIGH, TAXES ARE HIGH, ORGANISED LOOT OF THE COMMON MAN IS GOING ON,BUT THE P.M. IS ENJOYING HIS FOREIGN TOURS
He should first get good training in economics. Pls learn some basics of economic. Economics is a religious agenda. It has become a tool to empowered poor not by economical sense but also socially and aims to bring inconclusiveness in all walks of life. RSS is carrying an agenda of Brahminical society where only one caste is born to rule. So such economist must be sent back to school and get some training.
Re: In my grading gurumurthy is non trained economist.
by Gladyschellam on Jun 12, 2017 10:43 AM
Mr Gurumurthy is not an economist, an auditor who has been writing political articles since the inception (1971)of the fortnight magazine. Reg NPA in banks: Let the author check the profitability of big banks like SBI,BOB,BOI,PNB..since Mar 13 to Mar 17 and could be seen the decline of profitablity. Every bank to accelerate lending since 2006/2007 have MSME branches opened. He linked it with reported scam in 2G -OK, since 2007 it has been in news. What is the reason for declining of IIP (Index of Industrial Product)for many 20 months continuously. What is the reason for declining of manufacturing sector and export sector. As to why the bankers are finding difficult to increase lending - Sluggish in credit takers. Reg: demonitation It is referred between 2004 & 2016 and given an imaginary fear of 2022. Taken it as right whether the author could confirm that introduction of Rs.2000 note would restrict. While blaming/defending the governments of past and present - can he confirm the yield of demonitation which is being maintained as secret till date - while talking of transperance very high.
Re: In my grading gurumurthy is non trained economist.
by Shashank Tikekar on Jun 12, 2017 10:44 AM
Moron!He is an economist. You get your brain tested with your Congie boss pappu. Communal congress and its chamchas only running communal agenda with Mullas
Re: Re: In my grading gurumurthy is non trained economist.
by Gladyschellam on Jun 12, 2017 11:22 AM
He is a Chartered acct only and I have the habit of reading his various articles since 1971. Being a Ch Acct it does not mean he does not know economics as he has been a writer over 40 years and not necessarily be that blog writers do not know anything about economics. If you want to reply be specific over the questions/points raised while you & me do not know each other.
His article is a RSS agenda propaganda. He has turned a blind eye on the ill effects of demonetisation on the poor and job losses. He is criticising opposition for tarnishing Modi's image. This is another example of intolerance to democratic dissent.
Re: Gurumurthy
by RAJA HINDUSTANI on Jun 12, 2017 10:32 AM
DEMONETIZATION WAS A WRONG DECISION, WHICH ONLY FOOLS WILL TAKE, IT BACK FIRED, MORE THAN A HUNDRED DIED, MORE JOBS LOST, PEOPLE WITH NO KNOWLEDGE OF ECONOMICS TAKE SUCH CRUCIAL DECISONS AND RUIN THE ECONOMY
