In India in 1930s >Top 1% earners captured 21% of total income. P.M.Jawaharlal Nehru implemented a set of socialist policies with strict govt.control over economy with an explicit goal to limit the power of the elite. (That)Upto mid 1970s included nationalization strong market regulation and high tax progressivity.These measures and others had a significant impact on the income inequality. India’s Top 1% earners captured 6% income in the early 1980. The income share of India’s top 1% rose from approximately 6% in 1982 -1983 to above 10% a decade later and then to 15% in 2000 and further still around by 23% by 2014.From Chancel and Piketty'sresearch report.Mr.H.Ansari said in Lucknow 2yrs back ," 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,"How to get the 74% now with the 10% to nation’s use? First let us blame ourself for having allowed this.?No one in Parliament talked of all these,They have communal Secularism to beat around and the Nation goes to dogs R.Ponnambalam
Political stability due to simple majority, unlike coalition politics where each party wanted its pound of flesh all the time, each time, every time! Sourajit Aiyer, South Asia Fast Track
Jumla's and more jumla's. Remenber we purchased Toor Dal at Rs 220 Choola Dal at around Rs 150 , Chana Besan around same price. where as the farmers got just Rs 35 for Choola Dal, and Rs 45 for Toor Dal. Where did the balance money go. The excise duty on Petroleum products was 5 - 6 Rs during UPA now its Rs 19 - 20. Where is the money going. Its going to fund all those 40 / 50 ministers and their security who are going from one state to another during elections and staying their 20 - 25 days till elections are over. Who is funding these ministers and their assistants, security etc. We poor public. During Gujarat elections Parliament was abandoned because all the central ministers were there. This is the biggest achievement.
Re: Jumla's
by neeraj vaid on Jun 01, 2018 04:06 PM | Hide message
today all the dals are costing 50% less. you talking about subsidy do you in 2014 when petrol was costing 80/- subsidy burden on the country was huge today it is zero.
Jumla's and more jumla's. Remenber we purchased Toor Dal at Rs 220 Choola Dal at around Rs 150 , Chana Besan around same price. where as the farmers got just Rs 35 for Choola Dal, and Rs 45 for Toor Dal. Where did the balance money go. The excise duty on Petroleum products was 5 - 6 Rs during UPA now its Rs 19 - 20. Where is the money going. Its going to fund all those 40 / 50 ministers and their security who are going from one state to another during elections and staying their 20 - 25 days till elections are over. Who is funding these ministers and their assistants, security etc. We poor public. During Gujarat elections Parliament was abandoned because all the central ministers were there. This is the biggest achievement.
Jumla's and more jumla's. Remenber we purchased Toor Dal at Rs 220 Choola Dal at around Rs 150 , Chana Besan around same price. where as the farmers got just Rs 35 for Choola Dal, and Rs 45 for Toor Dal. Where did the balance money go. The excise duty on Petroleum products was 5 - 6 Rs during UPA now its Rs 19 - 20. Where is the money going. Its going to fund all those 40 / 50 ministers and their security who are going from one state to another during elections and staying their 20 - 25 days till elections are over. Who is funding these ministers and their assistants, security etc. We poor public. During Gujarat elections Parliament was abandoned because all the central ministers were there. This is the biggest achievement.
according to latest report mudra loan scheme of modi bjp govt is failing fast...so far NPAs in this scheme have reached 14,538 crores....
loans were given to unknown unidentified persons with no security or mortgage...plenty of corruption in this scheme...
in ujjwala free gas connection yojana, nearly all gas connections are sitting idle as the poor cannot afford gas cylinders...if they cannot even afford gas connections how can they afford to pay for gas cylinders anyway...the prices of which are rising as fast as the daily petrol price rise...
Re: hi
by neeraj vaid on Jun 01, 2018 04:10 PM | Hide message
all the npas which are coming to fore are dating from 2009-2014,from 2014 onwards no loan has become an npa, all the subsidy which was given by the govt has been withdrawn the subsidy was borne by the honest tax payers.
“a structured process to revive the assets caught up in the twin balance sheet problem”All buffoonery and loot of the nation .We are not holding the guilty responsible , be it the banker or the party who took loan .That is our structured process. “Half-way steps like recapitalisation, Indradhanush and the Banks Board Bureau have failed to restore confidence in the sector.”Let the bankers who did not recover the loan bring the money Who expects one to believe the banking sector with 15 lakh crores unrecovered bank loans and RBI telling that RB I has made process for recovery and banks are not acting saying that they won’t take risks.Every construction worker takes enormous risk to life ,These magicians of banking Industry who made national wealth in banks go depleted by their sleight of say pen would call writing as risk.R.Ponnambalam
‘Make in India’With FAKE IN BANK no make in india will come about.Where is the money for investing if 15 lakh crores rupees is not recovered.You call it non performing asset.The asset of bank is the currency given as credit/Has indian currency ever failed to get it's equal worth.Why people get cheated with the word NPA.What is the hair cut.Who does hair cut in banks.Recruit Barbers,They would do better hair cut R.Ponnambalam
“Investment tough “With 74% of national wealth accumulated with top 10% would they enjoy the wealth or invest and work for the nation?We can ask the 1.4% wealth holding 30% population to miss their meals and invest. Would P.M.bring money from his house to invest ?Then add to it 15 Lakh crores unrecovered loan , and banking Sector proud to say that RBI had decided policies , banks are not taking actions on defaulters. Sri Lanka has double the per capita income of india (QUORA) .We India have made the Rich top 10% earn from 6% of wealth to 23% in mid 2017.Better we put our heads down and stop this Reform Privatize Chorus R.Ponnambalam
“many -- believed a -- course of economic reform would be implemented”What is the reform? We are talking reform for some 30yrs. or more.Indian Economicsdom had not come out with statistics to show the style of wealth accumulation in india and the per capita income growth.In 30 yrs.of Reforms no one had talked about or done anything about recovering bank loans.The per capita income of Sri Lanka is almost double that of india now . The policies implemented by Jawahrlal Nehru and his followers -- upto mid 1970s included nationalization strong market regulation and high tax progressivity.these measures and others had a significant impact on the income inequality. In the early 1980s that dropped to 6% income for top 1%".CAME REFORMS " The income share of India’s top 1% rose from approximately 6% in 1882 -1883 to above 10% a decade later and then to 15% in 2000 and further still around by 23% by 2014." Thomas Piketty and Lucas Chancel web site WID.world Then Mr. H. Anasari had quoted Credit Suisse &said “the top 10 percent controlled about 74 percent of it: the poorest 30 percent, meanwhile, had just 1.4 percent of the total wealth,We have been told that we have 15 Lakh crores unrecovered bank loan and banks do hair cut and not banking proper."If this is the achievement of reform better don’t do any Reform R.Ponnambalam
