Discover and read the best of Twitter Threads about #demonetisation

Most recents (24)

This is a thread on #VaccineJumla based on my personal experience! I wish @thecaravanindia or @thewire_in or @thenewsminute do a thorough write up. Here's my story. First, it's a big racket of commercial greed created by the inefficient Modi govt. Vaccine shortage is created! 1/n
I started this process on June 21 while I was in Trichur. We had 5 candidates who needed 2nd dose. My mother, wife & my in laws & myself. I'm an above average tech savvy guy. I tried 4 a week on the Cowin portal & that fraud Arogya Setu app out of desperation. No luck at all. 2/n
I had taken my 1st dose, along with the same group via a private clinic in Trichur. Even they said, they're unable to get vaccines. I had consulted many "experts" who suggested using Telegram, KPolice website etc. I even tried Primary Health Centers. Still no slots 4 2nd dose 3/n
Read 11 tweets
A thread.
After the #PunjabFarmers protesting at the #ModiGovt's AgriMarket bills complained that the mainstream media TV were either ignoring them or mischievously showing them in a bad light, lets look at how the World's press is reporting it.
Londo's @guardian first. On 30 Nov they carried this big story:
The story reported:
Read 14 tweets


I am just going to add this to the list of Gaslighting by PM Modi.

#DeMonetisation was a confirmed disaster. This has been repeatedly verified statistically by economists.


Been awhile so I figured I would add this to the list of modern lies aka gaslighting from the last 2 years by the Prime Minister.

Prime Minister Modi's recent gaslighting saga regarding the prices offered to farmers in Kerala explained in a pretty sensible thread.
Read 7 tweets
I don't know why People (incl RWs) blame #NirmalaSitharaman so much for Economic slowdown & mock her continuously.
IMO, it's the policy failures in the first term of Modi Govt which is responsible for slowdown & not #NirmalaSitharaman .
I will explain why.
(1/n)
Contrary to general perception of layman that #DeMonetisation & #GST are responsible for slowdown, I feel there are other policy failures more responsible -
1. Delayed Payments to Industry by Govt Depts & PSUs. When govt itself never follows payment discipline, how....
(2/n)
.. how can we expect Payment discipline in Private Sector? According to one estimate, Govt owed more than 5 lac cr to MSMEs alone. Nirmala had nudged Govt Depts for faster clearances last year. I don't know it's current status tbh.
(3/n)
financialexpress.com/industry/sme/d…
Read 21 tweets
Latest Agriculture bill is like
#Demonetisation for few and that's why it is opposed by them :-

Agriculture Bill passed by both Lok Sabha and Rajya Sabha. Now see the game of this bill-

Agriculture Bill is demonetisation part 2.

Just as the demonetisation of black (1/5)
money was destroyed by demonetisation, similarly the two heavyweights of Punjab and Maharashtra were ruined by this bill.

Sukhbir Badal of Punjab and Sharad Pawar of Maharashtra got engaged.

Sukhbir Agro of Sukhbir had an income of at least 5000 crores annually. He was (2/5)
the commission agent between the FCI and the farmers.

His company used to get 2.5% commission. All the warehouses belonged to him. No farmer could sell a tonne of wheat to the FCI without the tag of Sukhbir Agro.

All wasted in one stroke.

Sharad Pawar's daughter (3/5)
Read 5 tweets
I hope all Bhakt youngsters who are agitated over #pubgban realise that a 4 hour notice of #lockdown left lakhs of poor on the roads, /1
a 4 hour notice of #Demonetisation left lakhs of small businessmen begging in banks for depositing & then withdrawing their own hard-earned money./2
Modi has used this shock and awe policy to leave #Kashmir in seige & let #Kashmiris bleed.
His "suddennness" of Demonetisation left the economy in shambles far before covid hit our country. /3
Read 5 tweets
#India's economic collapse is neither unique nor irreversible. But it is both steep and deeply damaging to the prospects for India's struggling citizens, esp the unskilled, the poor and the rural. It is almost certainly due to the Coronavirus epidemic and the #lockdown. Image
But the lacklustre performance in previous quarters going back a few years now, especially since #DeMonetisation, the failure to implement sound policies and tough reforms when the going was easier means there is hardly a cushion for comfort.
Apolgists like @sgurumurthy are right that other countries too are affected, But unlike other countries that can start the recovery process because the worst of the #Coronavirus epidemic is behind them, #India's epidemic is still growing strongly. Image
Read 3 tweets
ONE year since #ArunJaitley Ji left us. How I wish we could have witnessed his eloquence in Article 370 & Ram Mandir? I grew up listening to his speeches & reading his wonderful writings. I'm sure he's out there showering his blessings to PM @narendramodi on all his endeavours. Image
Millions would have had the delight of reading @arunjaitley's blogs on current affairs. I'd the special privilege of translating his important blogs to #Tamil to take the message to the Tamils. It was a delight writing his blogs in Tamil. Sharing some of his exceptional writings.
Blog "The Compulsive Contrarian and his Manufactured Logic" was written by @arunjaitley sometime in January 2019. I thoroughly enjoyed writing this in Tamil.

நிர்பந்திக்கப்பட்ட முரண்பாட்டாளர்களும் - அவர்கள் உற்பத்தி செய்யும் பொய்மைகளும்! - அருண் ஜெட்லி

suryah.in/jaitley-blog-o…
Read 9 tweets
#Sensex@36000+ for 1st time since 11thMarch

Rupee/$ 75.01,best since 27th March

#BajajAuto sales@2.78Lakh units, for June,up 119% MoM

#GST revenues for June,90917Cr

#AxisBank to raise $2bn from PEs

RBI commences 30000Cr special liquidity scheme for NBFCs&HFCs
#GreenShoots
#HeroMotoCorp,world's largest wheeler company,sold 4.5 lakh units in June 2020

This is a massive 302% growth over 1.12 lakh units,despatched in May 2020

This stellar performance came,in midst of a raging pandemic

Leftists& #Twitternomists, quiet😑

#GreenShoots #Modinomics💪
#UPI transactions in June hit all time high of 1.34 billion in terms of volume,Vs 1.23 bn in May2020

Value of June transactions was Rs 2.62 lakhCr,as per #NPCI data,Vs 2.18 lakh Cr in May

Huge surge in UPI trades,big vindication of #Demonetisation& #DigitalIndia

#GreenShoots
Read 5 tweets
Thread
#AmartyaSen's great insight was that dreadful disasters (s/as mass starvation) do not happen in a democracy because news of the early signs of distress are seen, heard and responded by those in power.
That theory is being tested in #Modi's #India. And so far found wanting
A willingly controlled and spontaneously sycophantic media refuses to hold the Great Leader to account; such criticism as may be made by intellectuals and a remnant of the free press is silenced by the howls of mobs on social media. Free debate is replaced by adulatory paeans.
Respectful discussion of policy choices has been pushed aside by a Know-it-all leadership that adopts a We-Can-never-admit-to-any-failings style of governance that places false propaganda over real performance, empty spin over true substance.
Read 10 tweets
Let me make it clear!

I am a Civil Engineer by profession.

When I venture into #demonetisation & #COVID19, I am not replacing an economist or an epidemiologist!

I am dissecting the data ALONE, using my professional skill, and my knowledge about the above areas is zilch!
To find right data, analyse it to see the hidden patterns, asking pertinent questions based on sound logical reasoning, resource management, etc. are my strengths.

Many of these skills are acquired through self learning!

Even cohesive writing is tedious exercise for me!
Because I studied in a Malayalam medium Government school during my schooling, because my dad was a teacher in a Govt school, his principles did not allow his children to embrace convent education leaving Govt schools, it was not a question of affordability, rather of principles.
Read 10 tweets
Every bird-brainwave of @narendramodi and his handlers—from #Demonetisation to #CAA_NRC_NPR—is about testing India’s democratic spirit, to get people to meekly fall in line like sheep. “Discipline” lovers naturally see #JanataCurfew as “obedience” training. @IndianExpress
Despite the sanctimony, bird-brainwaves like #JanataCurfew stand the risk of ending up as fodder for vigilante groups to terrorise citizens. Who would have thought it would weaponise Bangalore’s police chief? @CPBlr @IPS_Association @Copsview @PMOIndia
deccanherald.com/city/top-benga…
In the 2019 Global Hunger Index, India stood 102nd out of 117 countries, below Pakistan, Bangladesh and Nepal. @timesofindia cartoonist Sandeep Adhwaryu reminds the nation of whom to (also) remember when it bangs its ‘thaali’ for the cameras. #JanataCurfew
Read 4 tweets
About time I wrote something on #Bollywood . Had an uncle working in the mean streets of the industry, so got a good look.
Unlike other industries Bollywood is completely owned and run by financiers and sugar daddies. (1)
Ever actor, artist, technician hoping to make it big had to pay homage to the sugar daddies who in turn would have links with financiers.
Once upon a time Subhash Ghai was big. So, was Mahesh Bhatt.
Now, it's the Akhtar family. (2)
The funding source/ financier would invariably earned big bucks through some black money source - terror financing, scams etc. Bollywood was their number one method of pumping in their ill gotten gains into the economy.
The often desperate actors, artists would cave in. (3)
Read 12 tweets
When every Indian is asked to prove his nationality and his claim to Citizenship on the basis of documents - not just his own but also of his parents - then the State will have total control - ownership almost - of every citizen's life and liberty.
My father was a graduate employed in the Railways. I dont have a birth certifcate, never mind my late parents. the earliest document I can produce is school leaving cert from the lid 60s - and that does not have my full name on it. I'd have to bribe my way into #NCR
The whole #NPR / #NCR process seems ripe for #Corruption and #venality on a massive scale. I know many #NRI's (foreign citizens with #OCI status) who have an #Aadhar while being ineligible for it because they are non-residents. With bribery you can get any document you want
Read 5 tweets
On the third year anniversary of one of the most devastating policies made, here's a thread on how the post-November 8 cash crunch has impacted rural India.

ruralindiaonline.org/articles/demon… Image
In rural Marathwada, where the agrarian trade chain is cash-based, the ghost of demonetisation continued to haunt farmers – with bounced cheques, poor access to banks, and falling crop prices. #3YearsofDeMonetisation

ruralindiaonline.org/articles/the-g…
Farmers in Maharashtra’s Nashik district – where one in every four tomatoes in India comes from – destroyed standing crops on a scale never seen before, following persistent rock-bottom prices since the November 8 #demonetisation

ruralindiaonline.org/articles/noteb…
Read 5 tweets
What is relationship between Prime Minister #ImranKhan of #Pakistan & #Rothschilds? Why did Kissinger refer to him as "Our Boy" to the Foreign Minister of Pakistan? Isn't it true that his wife wrote in her memoir that he owes his career to the #Goldsmiths? greatgameindia.com/imran-khan-and…
Its FAILED Kissinger policy of carpet-bombing nations backfiring in #Syria. They supported #Kurds later dumped them when they were of no use. Aligned with Pakistan to dismember #India AGAIN during 1971 War & dumped them as well. Now is it #India's turn?
greatgameindia.com/operation-timb…
How #India became the target of Pakistan's Information Warfare after #Pulwama attack and during the #BalakotAirstrike
greatgameindia.com/the-pakistani-…
Read 4 tweets
RBI reveals no Rs 2,000 note printed this year as NIA says high quality fake currency has resurfaced.

scroll.in/latest/940543/…
Now attention is invited to my blog post during #demonetisation disaster.

I asked this question loud and clear when our channel chamcha journalists were cheering about this pink note
Do you remember how far the figment of our collective imagination reached during those times?

Again, a screenshot from my blog 🤣
Read 14 tweets
Anybody interested in #India's #Economy should take 30 minutes time out and listen to this interview. There is both sound, credible analysis of the problem AND an entirely logical policy prescription. #AltSarkar @PIB_Altsarkar @fek_le @Vidyut
thewire.in/video/watch-ce…
A quick summary:
1. Our present problems can be traced back directly to the stupid, stupid move on Nov 8 2016 when 86% of the means of settlement of dues was taken out. Damn that #Demonetisation. We in #AltSarkar have to acknowledge it even if its defenders do not.
2. India's problem is a demand side problem. People have neither the free disposable cash now nor the confidence in their future to take a loan to go out and buy stuff.
3. You don't deal with a demand drop off by propping up supply side factors. #AltSarkar believes in logic
Read 15 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
In the first of a #ReportCard series taking stock of the NDA-II government, the #PlainFacts team assesses the #MakeInIndia initiative to find that the scheme has been a disappointment so far @Sneha_Alexander livemint.com/industry/manuf…
The second part of the #ReportCard series, out today, looks at the government's record in banking @Sneha_Alexander #PlainFacts livemint.com/industry/banki…
In the third part of the #ReportCard series, @Sneha_Alexander and @ivishiknew examine how the MGNREGS program has (not) changed under the current regime #PlainFacts livemint.com/politics/polic…
Read 12 tweets
The BJP govt. believes Modinomics has outperformed all previous govt's, however, facts are clear. UPA II 2009-10, GDP growth at 8.84%, NDA II 2017-18 at 6.7%
#10YearChallenge
#Budget2019 #AakhriJumlaBudget
FM @PiyushGoyal claims they will control fiscal deficit to 2.5% in FY20, highly improbable as CAG report said, that by using off-budget financing the Modi govt. is hiding the true extent of fiscal and revenue deficits.
scroll.in/latest/908795/…

#Budget2019 #AakhriJumlaBudget
The FM who is also the Railway Minister claims that the Modi Govt put Mizoram & Tripura on rail map for the first time. He lied.

modilies.in/2018/12/07/lie…

#Budget2019 #AakhriJumlaBudget
Read 18 tweets
So journalists doing stories after printing views of every side in the #Aadhaar debate is labelled as "activism". As if "activism" is a bad thing. But, here are a few questions for @Product_Nation and it's volunteers #Thread
1. Is it a #Conflict of #Interest when you use public money to build a system and then create or join private corporations to draw business from that very system?
2. Can you serve as a GoI employee and also serve on boards, companies that are drawing knowledge, business, profits from what you are building from inside the Government? #Aadhaar #CronyCapitalism
Read 14 tweets
1/3 Most analysis of the implementation of #Demonetisation focus on the ability/inability of the banking system to rapidly provide alternative 'money' to the people as this is what affected the real economy.
@Darkwyr @CafeEconomics
2/3 The banking sector, in fact, did a second and much more onerous job counting and passing on the two currencies that were demonetized back to the RBI.
@Darkwyr @CafeEconomics
3/3 Given that almost the entire amount that was demonetized went back to RBI, I would call this a highly creditable implementation. It is another matter that the RBI took an inordinate amount of time to count it again.
@Darkwyr @CafeEconomics
Read 3 tweets

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