, where he Ex.V.P. quoted that India is “the 12th most inequitable economy in the world, with 45 percent of wealth controlled by millionaires and where almost half of India's total wealth was in the hands of the richest one percent, while the top 10 percent controlled about 74 percent of it. The poorest 30 percent, meanwhile, had just 1.4 percent of the total wealth..The ex. V.P. had also said very rightly there Where do we stand on the ladder of equity? This is a question that citizens of the republic can ask the state after 70 years of legislating welfare laws and adjudicating measures to deliver social justice. He had added "The ground reality is dismal".
“ it is critical for small businesses including small manufacturers.”Here there is a need to invest in state of the art machinery.Unless diversion of bank loan from the intended machinery purchase etc to real estate purchase and jeweler purchase is blocked , this sector will not thrive. “ultimately, it reflects the way people live, work and transact in a society.\"A recent research report said that Over 1980 -2014 top 0.1% Earners (of India )captured a higher share of the total growth than the bottom 50% ( earners of india)(12%versus 11%) and the top 1% received a higher share of total growth than the middle 40% (29% as against23%) .(a news paper on 9th Sep.2017 quoting a research paper by two Economists. Thomas Piketty and Lucas Chancel web site WID.world ) This is the way the people of INDIA live, work and transact. all through the years of privatization of Economy. and in times when RBI and banks have built up of an unrecovered loan mount of 8 Lakh Crores of rupees.But our constitution call us a socialist democracy.We can pray that this Govt. starts making people live work and transact in better ways not anymore as we had lived all along as revealed in the Ex,V.P.’s address at the 9th National Conference of the Indian Association of Lawyers , where he quoted that India is “the 12th most inequitable economy in the world, with 45 percent of wealth controlled by millionaires and where almost half of India\'s
“ it is critical for small businesses including small manufacturers.”Here there is a need to invest in state of the art machinery.Unless diversion of bank loan from the intended machinery purchase etc to real estate purchase and jeweler purchase is blocked , this sector will not thrive. “ultimately, it reflects the way people live, work and transact in a society."A recent research report said that Over 1980 -2014 top 0.1% Earners (of India )captured a higher share of the total growth than the bottom 50% ( earners of india)(12%versus 11%) and the top 1% received a higher share of total growth than the middle 40% (29% as against23%) .(a news paper on 9th Sep.2017 quoting a research paper by two Economists. Thomas Piketty and Lucas Chancel web site WID.world ) This is the way the people of INDIA live, work and transact. all through the years of privatization of Economy. and in times when RBI and banks have built up of an unrecovered loan mount of 8 Lakh Crores of rupees.But our constitution call us a socialist democracy.We can pray that this Govt. starts making people live work and transact in better ways not anymore as we had lived all along as revealed in the Ex,V.P.’s address at the 9th National Conference of the Indian Association of Lawyers , where he quoted that India is “the 12th most inequitable economy in the world, with 45 percent of wealth controlled by millionaires and where almost half of India's tota
“ it is critical for small businesses including small manufacturers.”Here there is a need to invest in state of the art machinery.Unless diversion of bank loan from the intended machinery purchase etc to real estate purchase and jeweler purchase is blocked , this sector will not thrive. “ultimately, it reflects the way people live, work and transact in a society."A recent research report said that Over 1980 -2014 top 0.1% Earners (of India )captured a higher share of the total growth than the bottom 50% ( earners of india)(12%versus 11%) and the top 1% received a higher share of total growth than the middle 40% (29% as against23%) .(a news paper on 9th Sep.2017 quoting a research paper by two Economists. Thomas Piketty and Lucas Chancel web site WID.world ) This is the way the people of INDIA live, work and transact. all through the years of privatization of Economy. and in times when RBI and banks have built up of an unrecovered loan mount of 8 Lakh Crores of rupees.But our constitution call us a socialist democracy.We can pray that this Govt. starts making people live work and transact in better ways not anymore as we had lived all along as revealed in the Ex,V.P.’s address at the 9th National Conference of the Indian Association of Lawyers , where he quoted that India is “the 12th most inequitable economy in the world, with 45 percent of wealth controlled by millionaires and where almost half of India's total
one life, one mission' of bringing change to India and its 1.25 billion people. The country sincerely wants and hopes for it.Do we as a country have it to make it a reality.?? “who worked with World Bank now doubt its ranking”But we Indians do not doubt our RBI at all.RBI has proved it.It had shown to the world that there was no Black Money economy in India by announcing that 99% of HDN had been returned to banks during demonetization,Then it had informed the Indians that there is 8 lakh crores of unrecovered loans in Banks. To be recapitalized by poor Indians tax money .Nobody doubts RBI or can afford to.doubt the efficacy of RBI work.One can judge it for oneself R.PONNAMBALAM
The EODB ranking would have benefited some businesses and raised India's image, so we can appreciate the efforts put in by the NDA . However, there was no criticism of this by MMS and Mr Modi is just imagining things.
The reality remains that lakhs of cottage and micro enterprises have closed down due to the Demon and GST exercises and their position cannot improve by raising our EODB ranking.
People are scared of doing anything now.No one knows as to what will be next bomb shell.Very high GST has ruined everything.Reaching 100 rank from 130 has not done any good. Unless we reach less than 10,we cannot see any improvement.A lot has to be done for that.Even the first step has not been taken in that direction.For eg,corruption,single window system in the states,better labor laws,floods and drought etc. Our PM is very dedicated.He must achieve these targets.
