Discover and read the best of Twitter Threads about #GST

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JOB MYTH of #ModiSarkar2

INDIA LOST 45 MILLION JOBS between 2012 & 2018 !!! India’s first annual labour survey (PLFS 2018) provides an update on India’s employment data. It's available here.
mospi.gov.in/sites/default/…

The Thread explains how I arrived at 45 Mn Job Losses.
Population in 2012: 1233 Million (Mn)
Labor Participation % 2012: 55.9%

So number of ppl either looking or have a job: 1233 * 55.9% = 689mn

Employement Rate 2012: 54.7%
People employed: 1233 * 54.7% =674.5mn
Unemployment Rate: 2%, 14.8mn
Population in 2018: 1336 Million (Mn)
Labor Participation % 2018: 49.8%

So number of ppl either looking or have a job: 1336 * 49.8% = 665mn

Employement Rate 2018: 46.8%
People employed: 1336 * 46.8% =625mn
Unemployment Rate/People: 6%, 40.8mn
Read 10 tweets
In every political system, that is the percentage of wealth ownership. It could be a few percenntage points here and there. But neither democracy, nor communism or any other form of govt has been able to find solution to it. Things begin to hurt when there's no growth in wealth
India's current problem is decelerarion in growth. That happened because govt stopped wealth creation for the bottom 60% through farm product price control and demonetization. GST ate into the margins of informal sector aggravating the situation.
If Bottom 60% makes wealth, the top 10% becomes wealthier because it owns the means of production and financial institutions. The other 30% earns more money through distribution and services. This is the natural structure of societies since industrial revolution).
Read 14 tweets
There is a #GlobalSlowdown in the #automobile industry, but let’s blame Modiji

GM has cut 4000 jobs in US & Canada

#Volkswagen cut 37000 jobs internationally

Btw, let’s blame Modiji for pager, floppy discs, VCRs, B/w TVs, Kodak films rolls,Polaroid cameras going out of use
World Car Sales Will Fall More Than 4 Million In 2019 - Forbes

Caused by -

U.S. sanctions policy

huge fall in China’s sales

harsher CO2 regulations

Shift to #ElectricVehicles

forbes.com/sites/neilwint…
#GlobalAutoInc announces over 37,000 jobs cut in first three months of 2019

Auto majors like #GM, #Ford & #Volkswagen took the lead in terms of jobs cut

Declining auto sales led by global trade war, #Brexit & #EVs

But we will blame @narendramodi

auto.economictimes.indiatimes.com/news/industry/…
Read 9 tweets
Since no Sarkari economist will tell you this, I must.

1. #Demonetization was a blunder. It was a shock that broke momentum in the economy.

2. #GST is a continuing blunder. Govt. is still in denial. Instead of rectifying things, it continues to compound problems.

But ..
.. all this well known. What is not known & acknowledged is that China has devised our MSMEs.

3. We have to appease China b/c our borders & politically vulnerable. Note politically. So we run a $60 b annual trade deficit with China that wipes out small industries & businesses.
The Govt. has no guts to take up the trade issue with China forcefully, lest China embarrass the Govt. with a Doklam kind of incident on the border. Having politicized security policies, Modi ji has made his Govt. very vulnerable to blackmail on the border.
Read 5 tweets
Thread on some #KeyTakeaways from #LokSabhaElections2019 results:
1. There was always a #Modi wave but the #LeLi Commentariat insisted it was an undercurrent against Modi and #BJP.
2. Losses in Rajasthan, MP and Chhattisgarh in 2018 were an aberration and not a trend. 1/n
3. Vote transfers do not happen between historically hostile parties. Anticipated vote transfer did not happen in #UP. SP-BSP #MahaGathBandhan was nonstarter.
4. Never mind the bunk peddled by pop political analysts. #India would prefers Government with single-party majority. 2/n
5. Mamata Banerjee underestimated Hindu backlash to her brazen Muslim appeasement and pandering to illegal Bangladeshi immigrants.
6. She overestimated the ability of party goons to strike fear among voters. It took 34 years for LF to unravel; TMC less than 10 years. 3/n
Read 11 tweets
If we, as a country, need to feel ashamed of having voted #NarendraModi to power, it should be for 2014

No way how 12 yrs/ Godhra shd have been erased from Indian collective memory in greed for greater GDP growth+higher paying jobs

EVM + #not Indians are voting Modi 2019
To punish us for our Godhra-genocide amnesia

▪️GDP plunged to the extent that absolute numbers were constantly conjured up + growth faked by tweaking base
▪️Instead of higher salary, jobs were lost following
#Demonetisation #GST
▪️Hate speech, lynching, riot-accuseds took over
Best proof of 2014-2019 pathetic corrupt performance of NarendraModi

▪️Gag #EC via a compromised CEC with family in corruption-litigation

▪️Sack #CBI chief to protect self from conviction

▪️Raghuram Rajan, Urjit Patel taken care of, insert ShaktikantaDas to claim #RBI reserves
Read 22 tweets
🇮🇳 NAMO NAMO🇮🇳
This thread will list down the 75 reasons why everyone should vote for @narendramodi and @BJP4India

Thanks to @muglikar_ and @IndiaPeCharcha for coming up with these brilliant 1 minute videos.

My effort here is to list all the 75 reasons in a single thread
#Reason1 - @BJP4India MPs work for you.

👉 #Attendance #DiscussBills
👉#PassLaw #75ReasonsToVoteForModi #PhirEkBaarModiSarkaar



#1MinuteTalk by @muglikar_ and @IndiaPeCharcha -

@narendramodi
#Reason2 - Electricity for All

👉 100% Rural Electrification #DeendayalGramJyotiYojana
👉 Electrification of 100% households #Saubhagya

@PiyushGoyal @grameenvidyut
@narendramodi

#75ReasonsToVoteForModi #PhirEkBaarModiSarkaar


#1MinuteTalk @muglikar_
Read 76 tweets
हाँ #MainBhiChowkidar हूँ।

जो 60 साल तक नामुमकिन था वो अब पीएम श्री @narendramodi जी के नेतृत्व में मुमकिन हैं। #ChowkidarPhirSe

1). जितने गैस कनेक्शन देने में कांग्रेस को 60 साल लग गए, उतना गैस कनेक्शन सिर्फ 5 साल में दे दिया क्युकी मोदी है तो मुमकिन हैं। #ModiHaiToMumkinHai
जिस जीएसटी #GST को कांग्रेस 20 साल तक लागू नहीं कर पाई, उसको सिर्फ 5 साल में अच्छी तरह से लागू करके टैक्स कलेक्शन 1 लाख करोड़ के पार पहुंचा दिया।

जो कांग्रेस सैनिकों को वन रैंक वन पेंशन #OROP नहीं दे पाई, उसको 5 साल में दे दिया गया क्युकी मोदी हैं तो मुमकिन हैं। #ChowkidarPhirSe
4).बांग्लादेश के साथ सीमा विवाद को जो कांग्रेस 60 साल में हल ना कर सकी, उसको 5 साल में सुलझा लिया गया।

5).जिन परियोजनाओं को कांग्रेस 60 साल में पूरा ना कर सकी, उनको 5 साल में पूरा करके राष्ट्र को समर्पित कर दिया गया क्युकी मोदी है तो मुमकिन है।
#ChowkidarPhirSe #MainBhiChowkidar
Read 14 tweets
🇮🇳Namo Namo🇮🇳
Here I am starting a long thread which will list down hundreds of reasons why we should all vote for @narendramodi and @BJP4India in the coming general elections!!!
#ModiOnceMore #ModiAgain #AbKiBaar400Paar
#Modi4NewIndia
@ModiOnceMore @Youth_4Modi
All are fact based data. Appropriate links are provided to validate every achievement. #Modi4NewIndia #MainBhiChaukidar
(1/n) Fragile five to Fastest growing economy
nyti.ms/2XTzYBN - India listed in Fragile five in 2014
bit.ly/2AqE6Pq - Fastest Growing Economy in Jan 2019
#ModiOnceMore #ModiAgain #AbKiBaar400Paar
#Modi4NewIndia
@TeamNamoBrigade @namo_bharath
Read 24 tweets
Performance of @narendramodi ji 🙏

👉No of un-electrified villages - Zero

👉Length of #RuralRoads -1,93,524 km

👉 Beneficiaries under #PMJDY - 34,03,00,000

👉#LEDs distributed under Ujala -
32,37,96,170

👉#LPG connection under Ujala -
6,26,96,939(1/6)

#MiddleClassWithModi
👉Amount of #GST collected till Dec18
-1,61,16,92,00,00,000 ₹

👉Subscribers Under Atal #pension -1,24,00,000

👉Gram Panchayat Connect #opticalfibre -1,23,489

👉#DBT -₹59,88,13,30,00,000

👉Children Vaccinated under Misson #Indradhanush -3,37,000(2/6)

#MiddleClassWithModi
👉Loans sanctioned under #MudraYojana -15,59,30,035

👉Houses completed under #PMAY -
1,48,00,000

👉No of #Farmers registered on e-NAM -1,40,00,000

👉Total no of free treatment under #AyushmanBharat-9,93,103

👉Open defecation Free #villages- 5,48,452(3/6)

#MiddleClassWithModi
Read 7 tweets
In just about two hours, Prime Minister @narendramodi’s government will present its last budget before elections due later this year. Experts say they’re expecting big announcements as it will be the last chance to woo voters, announce policy intent ahead of polls.
Ahead of #Budget2019, markets have opened higher.
Interim Finance Minister @PiyushGoyal begins presenting the last #Budget of the @narendramodi government.

It's expected to be a populist budget- with several policies likely to be announced with an eye on the 2019 polls.

Experts make last pitch for fiscal prudence.
Read 40 tweets
#GST thread. Stay with me: This govt wont share real GST data. Instead we fall for its stupid press releases every month. They mean near zilch. This is what the central govt has really collected by August. Net of refunds and settlement - the only way GST nos should be read.
It is erroneous to merely compare total Rs 1 lakh per month target for states+centre with press releases which do not account for how IGST was settled each month. So, these cant tell what the Centre really got. This table shows how erratic IGST settlement has been.
Then you got to look at states and their revenue separately. Here is a chart of how state revenues are doing. After a year some are doing quite badly. Why? Ask.
Read 7 tweets
Has anyone used the GST online filing system? It is nothing but an online word processor. I don’t know why ₹ 1500 crore was spent on this. Thread (1/n)
All you do is fill the forms online. There’s no intelligence built into it. Data from one form filed earlier has to be manually entered into other forms. (2/n)
And of course, like all good secure sites, copy paste is blocked. So one needs to write down the number from one form and then enter it manually into other forms #GST (3/n)
Read 8 tweets
Don’t worry about #Malaysia ’s #GST repeal, higher #Oil and sales tax will help. #ge14. The BN lost control of government. Dr. #MahathirMohamad stated that he will repeal the goods and services tax (GST) and replace it with the sales and services tax (SST). Why? @chedetofficial
#Najib passed the #GST to offset declining revenue as dependence on #oil backfired when oil prices collapsed. It's a tax on the final consumer & generates more tax revenue than the SST. In 2017, GST was 25% of the total tax revenue and 3.3% of GDP - key reason people are negative
But what's key is the rise of oil, which raises oil tax. So #GST becomes less key! Look at the relationship b/n oil and oil tax. Very strong! We assume oil rises to 73 (basically now) & 10% increase of subsidy, & SST revenue (less than GST). Let's look at what happens to fiscal
Read 8 tweets
The #GST Should Never have Been Applied To ANYTHING, it only exists bc over 30 years of #Privatization of Public Assets that produced Revenue, the Revenue has Disappeared,on top of TaxCuts for Corporations & the removal of tariffs which had the
double wammy of sending manufacturing,textile industry,car manufacturing either offshore,broke or closed
#GST need to be removed From Everything
Corporations DONT Pay GST only Consumers pay GST
Introduce a #SugarTax on ALL Processed Food/Drink 20% per teaspoon(5g)of price,source of revenue &Healthier Population,long term Lower Health Budget
Raise Corporations Tax,Any #ProfitShifting
Read 12 tweets
Troll April Fool UMNO/BN kepada rakyat Malaysia: #GST #GST #GST #GST #GST

Bebenang April Fool yang tak lawak langsung.
1. Pecahan kutipan #GST sejak ia diperkenalkan pada April Fool tahun 2015:

2015 (Apr-Dis): RM27.2 bil
2016 (Jan-Dis): RM41.2 bil
2017 (Jan-Dis): Lebih RM42 bil
2018 (Jan-Dis): Dijangka lebih RM43.8 bil

Jumlah: LEBIH RM154.2 BILION!
2. TAPI.....

Hutang 1MDB belum dibayar: -RM42 bil
Hutang negara makin meningkat: RM362 bil (2009) -> RM630 bil (2015) -> RM873.8 bil (2018)
Projek mega menambah hutang: ECRL pinjam RM60 bil dari Exim Bank China

Mana perginya duit #GST???
Read 8 tweets
Some thoughts on today's #GST decisions. 1. Glad the Council and Finmin have heeded feedback from consumers and taxpayers.
2. Given the magnitude of changes and suggestion of more to come maybe today marks the real #GST implementation day.
3. But no clarity yet on whether revenue neutrality will be achieved after these cuts. Or was this a case of overestimation at the start?
Read 7 tweets
Gujarat is blessed by having extremely enterprising people who have done exceptionally well worldwide: Former PM Manmohan Singh in Ahmedabad
Modi often says nothing was done in 70 years before he became the PM. Does he really mean that? Asks Manmohan Singh in Ahmedabad
Life expectancy was 31 years at independence, now it is 70 years. Is this not progress? Asks Manmohan Singh in Ahmedabad
Read 14 tweets
I don't know about elections. But last week in Rajasthan - I have heard innumerable stories about small businessmen just wrapping up their companies. All impacted by #Demo and #GST. You guys can make a mockery of people's problems - but truth is people have been impacted.
My husband and I were in a car discussing GST and Modi along with Gujarat election - our driver suddenly says - Are Modi jee ko toh bas karna hai 'Mere Pyaare Bhaiyon aur behenon'. Madame humara mehendi ka business tha - band kar diya. Ab gaadi chala rahe hain.
My husband's cousin starts chatting up GST and how our company is handling filing. I gave him a lowdown on how we have hired a firm to manage.

He says - For TWENTY TWO days no business happened for us.

Do you understand what is 22 days without work?
Read 10 tweets
He did it,
So you can also do it! #ArnabDidIt
Chitra madam's whataboutery journalism lessons continue..
She sees a better propagandist than her in prodigal Arnob! Birds of same feather!
QN is why wearing masks? Just shed that journalist tag! 🤣
When I see the way she is now peddling propaganda & selling her bigotry covered with sophisticated words, serious doubts about that Bofors
Read 29 tweets

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