Visited one MSME unit, in the hinterland, Dhule Dist of Maharashtra : Backward D + Zone as per MIDC
The unit is state of the art, fully automated agro processing unit for dehydration of onions and other veggies.
The promoter is first generation entrepreneurs. 65 years in onion Adat & trading.
Biggest name in North Maharashtra.
So set up the unit.
A few pics of the plant
After setting up the plant, commercial production started in Jan 2016. The quality was well accepted in the market. Onion flakes sold @90-95/- per kg. Good profits. Paid back nearly 25% of the Term loan. Before schedule. Started running the unit at full capacity.
So much endless discussion on #Demonetisation and unending pontificating. But has anyone pointed about the real message from that exercise :
IT IS : Fiat money has finite life !
The closest to any money that has near infinite life is atomic Number : 79
A 500 Rupee Note (pre Demonetization) of 2016 November is not same as the one in 1996 November (in terms of value)
The Sensex of 2016 not same as Sensex of 1996.
Even the landmark of yesterday could be part of a highway today.
But Atomic No 79 was/is/will remain same !!!
Anyway purpose of this ranting is just to observe that inflation is single most important metric which investors , citizens and voters fail to factor in all their understanding. Once we factor , we will understand how fragile the very important and essential Fiat money is - End
The analysis and paper (Draft 1) is here:
on issuu: issuu.com/home/published…
on Scribd: scribd.com/document/39252…
But here in this thread I present the main results. Previous analysts used a simplistic approach of doing a before-after comparison. But this is a spurious method
Re: The intellectual underpinnings of #DeMonetisation of 8 Nov 2016. A Tweet thread.
Was there a body of theoretical or logical intellectual economic thought that could have influenced #Indian Prime Minister Modi to spring the #wreckingball of #Demon on the Indian #Economy?
1. Nobel Laureate Kenneth Rogoff wrote a book 'The Curse of Cash' . He argued for the phased withdrawal of the USD 100 bill. His arguments were: 1. Hardly anyone in USA ever used or carried the 100 dollar note. Smaller transactions were paid, when they were paid with cash,
With USD 20s or 10s. Transactions of > 100 USD value were settled by cheque, plastic or bank transfers. 2. 40% of all USD 100s are held outside America. 3. The main sector where the 100 dollar bill was used regularly was the trade in guns, drugs and crime. All over the World.
#Demonetisation#Notebandi 1. Thread. Today the Government will try to refute the idea that the RBI numbers on 99.3% of demonetised currency being deposited in banks does not mean Demo was a disaster. Remember the following and watch out for some false arguments as well. 1/n
2. Remember PM Modi told us on 8 November 2016 that the Rs 500 and Rs 1000 notes with the corrupt will become worthless pieces of paper. Remember the govt told the Supreme Court that it did not expect 25%-30% of the demonetised currency to be destroyed. Well... 2/n
3. They will now say money coming into banks gives us an idea of who made large deposits and we can now catch the corrupt. Ask them how many of those who made large deposits have been identified, charged & punished since December 2016.The answer is not a single one 3/n
Do you know the company that was contracted during #Demonetisation to print our new currency notes #DeLaRue was blacklisted and banned for its involvement with Pakistan in spreading fake currency in India & is being sued in courts after we reported it? greatgameindia.com/secret-world-i…
दुनिया भर के बड़े बैंक अधिकारी जो मुद्रा का आतंकवाद फैला रहे हैं, मौजूदा वक्त में राजा या किसी भी सेना प्रमुख से ज़्यादा शक्तिशाली हैं, कहा जाए तो रोम के पोप से भी ज़्यादा। उनके अधिकारी जो अंतरराष्ट्रीय तकनीकी जानकार हैं वो हमारे देशों पर राज कर रहे हैं। gginews.in/global-war-cas…
विमुद्रीकरण ने कई सवाल पैदा किये, विभ्रम उत्पन्न हुए, विश्लेषण जारी हुए, नई वैचारिक परिकल्पना सामने आईं, लगभग ये सभी बिंदु अर्थव्यवस्था के इर्द गिर्द भटकते रहे। पर कोई भी इस जोपोलिटिकल ताकत को नहीं आंक पाया जिससे चलते हुए ये फैसला लिया गया था। #WarOnCash gginews.in/global-war-cas…
Why would Baba Ramdev advocate for the Church owned world's most hated British company Vedanta which is forcibly acquiring Indian mineral resources on via Israeli trained mercenary police terrorizing common Indian populace. Read thread below👇🏾
Last year our so called 'nationalist' leaders were in London begging Queen to clean River Ganga through her Crown companies Vedanta & Foresight Group. Just like their favorite Crown firm #DeLaRue printing Indian currency to this day was saved from bankruptcy via #Demonetisation.
Harini saya nak story sikit tntg sejarah, koleksi & kontroversi wang Malaysia kita iaitu Ringgit.
PS : boleh jadi rujukan kpd Newbies Numis.
Sebelum mula ini sikit Fast Fact.
Numismatic ialah orang yg suka kumpul duit. Tak kisah duit lama atau baru, dalam atau luar negara asalkan duit. Menabung duit bukan dikira Numis.
Philatelic pula ialah orang suka kumpul setem. Jika setem hasil tak tahu apa status.
Nama Ringgit maksud "bergerigi" iaitu sisi bergerigi yang terdapat pada wang perak dolar Sepanyol yang digunakan secara meluas pd zaman penjajahan Portugis sekitar abad ke-16 & ke-17.
Ada juga kata bila koin tu dipecah 8 ia bergerigi. Sbb tu dipanggil Piece of Eight (8)
When Paid Media, Liberals & Commies are bought by opposition to defeat a successful leader Modi, it's time to sit back & see what Modi has done in this little time.Will this progress continue if we ignore him & let vultures come again? Pls read the thread below!👇 #WhyModiIn2019
Without bothering that his popularity will decline & his Govt might fall, He took this bold step. We all had inconvenience but everyone knew it was for the betterment of India. Country united in ATM Queues but the Corrupt screamed from rooftops #WhyModiIn2019
We had been hearing about GST since years but it wasn't possible to bring every state, business, Lok Sabha & Rajya Sabha agree on it! Jaitley & Modi made it possible. Businesses were down temporarily but now everyone is reaping benefits of 1 Country 1 Tax #WhyModiIn2019
RBI has come with an excellent paper on the benefits of #Demonetisation - with undeniable facts and data and not rhetoric that has been offered by newly minted economists or stale shayari from the Congress stable. Consider some facts in next few tweets.1/10
Currency in circulation (CIC): CIC was down by 8% Y-o-Y as against 17.2% rise in previous year. So as of 27th Oct 2017, CIC was around 91% of pre-demonetization levels and actually 81% if same growth rate had continued in absence of demonetization. 2/10
Currency in circulation as proportion of broad money (M3) fell to 12.3% on 13th Oct 2017 as compared to 14.4% on 11th Nov 2016. The conclusions in RBI paper are thus significant. 3/10
1/ This is voodoo economics. Lets start with high real estate prices being a problem. Are there not other ways of dealing with an asset price bubble here?Rraising Stamp Duty, a national register of real estate, gradually escalating property tax, are some measures...
2/ The trouble is that these steps call for better honest administration that is non-corruptible and fair. But that remains elusive in India. The fact is that while property prices may have come down, the venality has not. There's still a lot of under-the-table deals.
3/ with all the cash sloshing around Indian money has now become the largest source of deals for real estate in Dubai. So the rich guys have found a new place to park their wealth. Thank you for #DeMonetisation.
1. The CBI has NO evidence that the 11th std boy went into the toilet before the murder of #Pradyumn. They base their case on the "fact" that the 11th grade boy saw the body & told the school staff about it . N
2. With no evidence to show the 11th grade boy was in the toilet before #Pradyumn came , the case by the CBI rests on the murder weapon. The CBI has still not determined where the boy got the weapon from ! N
This is a picture story/thread I compiled on #Demonetisation . My frustration from my own experience made me waste this much time. I was inspired by @jamewils@t_d_h_nair & countless others. I dedicate this 2 the author of this tragedy @PMOIndia wiping out 2% of USD2.264Trillion
We had certain rat problems in our home. So one of the self appointed Elders wisely thought of ways to handle the Rat issue which was his election Plank.