We were not much affected due to worldwide financial crisis of 2008 because of mentality of a common man to save atleast 10 out of 100 earned. Tjis is exactly opposite of mentality of so called developed nations, there if 10 is earned they try to borrow 100 on the basis of 10 earned. UPA govt under Dr Manmohan Singh was able to take us through this crisis. The present govt under Hon PM Modiji is responsible for the current financial slowdown as he hastily announced demonetisation and tried to impliment GST without much of homework.
India has attained a place where after 70 years of independence, there is for the first time an awareness exists among the most of unscrupulous elements that they are being watched/observed.
This in itself is a great achievement, as so far the bad elements had their own ways and say. But not now, thanks to the present government.
Financial crisis of the present world is most inerconected and the individual nations are that much safe to the extent they are disciplined.
I think india is mostly disciplined after the banks are made to understand their liabilities.
The uniform tax for goods and services itself is a big achievement and regulating the banking system is another milestone in the process and it makes one think that india is in its right path, come what may in the world arena in the name of crisis.
We are going to be strong in future " crisis "if any as we are better prepared and the financial institutes are made to think reality.
If men of integrity are made to head financial institutions i think we are by and large safe from the future crisis, as india itself is a "little world" with large population( read consumers ), and a place of large institutions like SBI, LIC and large other entities.
Re: great india
by Prakash Bedekar on Oct 16, 2018 11:19 AM
Great achievement of Modi govt is to allow Vijay Mallya to escape, Niran Modi and Choksi to flee under the very watchful eyes of ED and EOW directly under PM
Re: Financial crisis
by satybir teotia on Oct 05, 2018 05:52 AM
The country of more than one billion people does not have logical order in the system. Each government is freely distributing the money among poors through schemes. This money belongs to tax payers and gov. institutions. So as result of this the backbone of tax payers and govt. institutions are at risk. The poor man can never flourish unless made to realize the cost of living in the system. Good luck India.
Re: Re: Financial crisis
by Prakash Bedekar on Oct 16, 2018 11:23 AM
When petrol prices skyrocket even though crude prises are much lower than 2014 levels and Re slides to more than 74 per dollar, sufferer is only a common man and not those holding offices in govt.
The financial mess created by overambitious Modi govt is bound to have grave repurcussions on common man. Demonetisation and unplanned and hasty implimentation of GST has ruined common man, small scale industries and farmers.Skyrocketing prices of diesel and petrol seem to be to assist Relience to mint money.Worst part is though psu oil companies have looted more than Rs 10,00,000 crores from pockets of common man, this govt seem to have blind eye towards ever increasing worries of common man and farmers.
Re: Financial crisis
by sunil jawale on Oct 03, 2018 11:48 PM
This was signaled before 10 years .. that means from 2008. So demonetisation does not play any negative role .. on other hand POSITIVE. One thing can happen that people can not use/ buy highly expensive things or lavish life... Bit finally Its not due to Lack of policies.. Even no one can change it. other wise since 2008 we could have change it ... This is ECONOMICS and Not POLITICS.
Re: Re: Financial crisis
by Prakash Bedekar on Oct 06, 2018 12:01 PM
Demonetisation allowed all those who had stashed cash unaccounted money to officialy deposit the same in banks. This is the reason why more than 99% cash was retirned to banks. This is nothing but a JUMALA of Modiji to help his wealthy friends ahead of elections
7lacs bank npa, dollar 73.50, stock market crash. Humpty dumpty had a great fall, all the kings horses and all kings man could not put humpty dumpty back again
Re: already feeling it
by Prakash Bedekar on Oct 03, 2018 05:36 PM
Modiji and his Bhakts should go back to 2013 and 2014 prior to general elections and come back and face common man about what they have come to.It is not their fault, we should blame ourselves that we allowed ourselves to be fooled by tall promises of Modiji.
Re: Re: already feeling it
by rajneesh sharma on Oct 04, 2018 03:17 AM
i fully endorse your views,,an illiterate person who does not understand economics is calling the shots.This was imminent,,Blame it on to our hero-worshipping.
Re: Re: already feeling it
by rajneesh sharma on Oct 04, 2018 03:17 AM
i fully endorse your views,,an illiterate person who does not understand economics is calling the shots.This was imminent,,Blame it on to our hero-worshipping.
