Discover and read the best of Twitter Threads about #demonetisation

Most recents (24)

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%
#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.…

#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.…

#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
#இடஒதுக்கீடு #தரம் பற்றிய வரிசையில்... ஒரு பதிவு தொடர்கீச்சாக உங்களோடு...

👉🏿ஐஏஎஸ், ஐபிஎஸ் பணிக்கான தேர்வு எந்த மொழியில் நடந்தது...?

🖐🏿1950 முதல் 1965 வரை ஆங்கிலத்தில் மட்டுமே நடந்தது
👉🏿ஆங்கிலத்தில் நடத்தப்பட்ட அந்தத் தேர்வு எழுதியவர்கள் யார்?

🖐🏿அப்போ ஆங்கிலம் தெரிந்து இருந்தவர்கள் பெரும்பாலும் பிராமணர்கள் என்பதால் அவர்களே பெரும்பாலும் தேர்வு எழுதி, வெற்றி பெற்று பதவிகளை அடைந்தனர்
👉🏿#இடஒதுக்கீடு அப்போது இருந்ததா?

🖐🏿பெரியாரின் முயற்சிகளால் முதல் சட்டத்திருத்தம் மூலம் தாழ்த்தப்பட்ட வகுப்பினருக்கு மட்டுமே இருந்தது
Read 43 tweets
I will soon, sum up the achievements of BJP Government under PM Narendra Modi as The Story Of #ResurgentIndia when the People witnessed first time the Governance committed in Speed, Scale and Spectrum in Transforming India #5_साल_50_निर्णय #IndiaSurging
#DirectBenefitTransferScheme is a huge Transformational step in removal of middlemen who were encroaching like vultures on d monetary help rendered by Government to d poor. The Scheme ensures direct transfer into d Bank account of beneficiaries. #ResurgentIndia #IndiaSurging
Another transformational step has been serving d Banking Needs of d unbanked by opening 33.30Crore #JanDhanAccounts accounting for 55% of d new accounts opened globally from 2014-17. Besides launching of #IndiaPostPaymentBank Bank at doorstep of poor #ResurgentIndia #IndiaSurging
Read 54 tweets
Those who've followed me since long would immediately relate to this thread :

I seek attention of : @RahulGandhi @suchetadalal @meerasanyal & @andymukherjee70 to this thread :

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.
Read 8 tweets
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
Read 3 tweets
On the eve of the #2ndAnniversary of the #DeMonetisation that we know was a #DemonetisationDisaster I present a Tweet thread on my analysis of just one of the many claims made for it - that it would boost #cashless #digital transactions. It did not do that. Here's my evidence:
The analysis and paper (Draft 1) is here:
on issuu:…
on Scribd:…
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
It leads to the Post hoc ergo propter hoc fallacy. See,…
My analytical approach was simple. I used the figures from RBI and took the monthly data upto Oct 2016 on each idicator and treated it as a regular time series data. (see
Read 18 tweets
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.
Read 12 tweets
This @ANI has a history of FAKE NEWS . They often quotes BJP people and passes it off as common man's words ..

This is what they did today in #Amritsar #TrainAccident tragedy .

ANI is PR machine of Modi. In 2016 they shared a story of a Bhakts and projected it as common man's story .

During Karnataka Election , shared a BJP member's statement as local man's. Later deleted old tweet when target was achieved.

Read 12 tweets
Some #Demonetisation thoughts!

Many here asked me why I am not reacted to the latest RBI Annual Report which exposed DeMon as nothing but a perverted dream of a Tughlak.

First of all there was nothing surprising elements there for me!!
Then everyone was discussing the amount of 99% returned to the system! Some sigh of relief as our Urjit stop counting, but I don't get any evidence that he has stopped that!!

Because still we hear about old SBN notes are seized by agencies ;)
Annual Report 2017-18 of the RBI that Rs.15.311 trillion Specified Bank Notes was returned. While RBI in its AR in 2016-17 itself admitted that as of June 30, 2017, received Rs.15.28 trillion of SBN. 

Total SBN demotenised was Rs.15.44 trillion

99.2% vs 99.0% is a big deal?? 😉
Read 16 tweets
#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
Read 8 tweets
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?…
What we were not told about #Demonetisation was that while Indian govt was cracking a whip on the informal economy the actual black money was already being routed back into India legally via India’s Biggest Scam – #RoundTripping #BlackMoney As #FDI?…
Was the Head of State of British Government & of erstwhile British East India Company present in India to ensure that #Demonetisation scam money was properly transferred to them? Did #Demonetisation finance #Brexit?…
Read 11 tweets
नकदी पर वैश्विक युद्ध #WarOnCash भारत पर इसके #नोटबंडी #Demonetisation पर प्रभाव के साथ एक नकद-रहित समाज #CashlessSociety की ओर धक्का देने के षड्‍यंत्र का अध्ययन।…
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।…
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…
Read 3 tweets
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👇🏾
What are these tapes? Who were these females supplied to?
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.
Read 11 tweets
Pic 1- @CNNnews18 published article against Amit Shah.
Pic 2- News 18 removed the article within 2 hours.

Question : Why are you scared? #DaroMat
Screenshot from Facebook page.
Who @CNNnews18 is scared of?

Here is removed link :…
Bank with Amit Shah as Director collected most banned notes among DCCBs : RTI (Link Removed)

And Modi said, unka 50 saaal ka loota cheen raha hu, Mujhe Jinda nahi chorenge.. #Demonetisation…
Read 7 tweets
Thread: Collection of images which we believe will shake your conscience.
45 years old Qasim was allegedly lynched by mob over suspicion of cow slaughtering in #Hapur on 19th June
Mother of 8yrs old girl who was sedated, raped and murdered in #Kathua, cries infront of her clothes and belongings.
Mourning mothers during #GorakhpurTragedy in which 61 children died in less than 3 days due to various illness in August 2017, 30 allegedly died due to lack of oxygen supply.
Read 14 tweets
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)
Read 62 tweets
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!👇
1. #Demonetisation
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
2. #GST
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
Read 23 tweets
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
Read 11 tweets
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.
Read 15 tweets
Let me show u how the CBI has been used as a puppet of the Modi govt in the #Ryan #PradyumnMurderCase only and only to divert the media from the debates of #DeMoDisaster . #thread :
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
Read 11 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
1 year of #Notebandi: Lasalgaon, asia's largest onion market, stopped cash payments to farmers. Traders give 20 days post dated cheques 1/n
Takes a month for the cheques to encash. Many cheques bounce. Meanwhile, Farmers take loan to make their payments till the cheque encash 2/n
"Only traders benefitted from Notebandi" farmers allege.Traders get 1-2 months to make their payments which used to b cash till Nov '16 3/n
Read 8 tweets

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