Discover and read the best of Twitter Threads about #demonetization

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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.…

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
These 2 brilliant Tweets reveal how V as a Nation are being taken 4 a ride.The whole world realizes that the megalomaniac craves awards & will compromise National Interests 4 some fancy titles.How he earned these ? #Demonetization #Pulwama #Sensex #RBILoot #economy
The 2nd pic from @free_thinker tells us how people realised Indian naivete as a huge potential market for Right Wing idiocy. And people are making money. The same way, trade pacts are signed by sweet award deals. Here's the list. Think how worthy are they versus our Nation's good
No jury!
Read 10 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
டீமானடைசேஷன் என்பது தோல்வி (failure) அல்ல, பெருந்தோல்வி(fiasco). இதிலிருந்து நாம் கற்றுக்கொள்ள வேண்டிய பாடங்கள் சில உள்ளது. குறிப்பாக ஐடியில் வேலை செய்யும் இளைஞர்கள்.

1) அமர்த்தியா சென், மன்மோகன் சிங், ப.சிதம்பரம் ஆகியோர் தான் பொருளாதார நிபுணர்கள். ஆர்.ஜே.பாலாஜியும்,
ஜெயமோகனும், அவர்களைப் போன்றவர்களும் வெறும் ஜால்ரா நிபுணர்கள்.

2) ஃபோட்டோஷாப்பில் எல்லாமே அழகாகத் தெரியும். ஆனால் அது குஜராத்தா, சைனாவா என ஒரு நொடி இணையத்தில் சரிபார்த்து நண்பர்களிடையே பரப்பினால் வீட்டுக்கும், நாட்டுக்கும் நல்லது.

3) வளர்ச்சி என்பதும், முன்னேற்றம் என்பதும்
மந்திரத்தில் காய்க்கும் மாங்காய்கள் அல்ல. எல்லாம் இப்போதே, உடனே நடக்கவேண்டும் என்ற பேராசையில் ஆசைகாட்டி மயக்கும் மந்திரவாதிகளை ஆதரித்தால் வளர்ச்சி மைனஸில் போய் நிற்கும். இருப்பதும் பிடிங்கப்படும்.

4) மதம் என்பது வீட்டின் பூஜையறையில் இருக்கவேண்டியது. அதை தூக்கி
Read 7 tweets
@SushantBSinha #Fact check extended :

Cash holding:
2016: 17.00 lac crore
2018: 19.30 lac crore
Valuation of rupee :
2016: 65/$
2018: 75/$
Liquidity : #IL&FS crisis
GDP growth: Fall by 2% (tag of fastest growing economy lost)
Bank fraud: Constantly increasing
Chip: Not found😂
@SushantBSinha Continuation....

#Naxalite insurgency:

Civilians killed:
2015: 90
2017: 110
Security forces killed:
2015: 60
2017: 75

#Demonitisation #FactCheck
@SushantBSinha Continuation.....3

Stone pletting in kashmir
2015: 730
2017: 1261

But godi media is tweeting figure as per their convenience !!!

#Propaganda chalta rehna chahiye ! #FactsAreFacts

Read 4 tweets
Browsing thru direct taxes collection numbers put out by the IT Dept., I find something rather strange:

1. Over 4 years, 2014-15 to 2017-18, direct taxes paid by the corporate sector increased by 44.7% cumulatively.
2. Over a similar 4 year period, 2009-10 to 2013-14, direct taxes paid by the corporate sector increased by 61.2% cumulatively.

3. Over a 4 year period 2013-14 to 2017-18 personal taxes paid by individuals increased by 72.9% cumulatively.
4. Over a similar 4 year period 2009-10 to 2013-14, direct taxes paid by individuals increased by 82.8% cumulatively.

So in respect of both corporate & personal direct taxes, the growth in tax collections 2010-2014 was higher by 10% points than in 4 years from 2014-2018.
Read 5 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
Thread: The real objective behind #demonetisation was… (1/n)
Nov 8, 2016: Modi demonetisation speech - “to get a grip on corruption and black money”… (2/n)
PM Narendra Modi uttered the phrase “black money” 18 times in this speech on Nov 8, 2016. (3/n)
Read 23 tweets

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