| Author | Message | ||
Nisarga Junior Artist Username: Nisarga Post Number: 842 Registered: 03-2008 Posted From: 49.207.63.36 Rating: N/A |
economics is big BS. has little predictive value. | ||
Awara1984 Side Hero Username: Awara1984 Post Number: 7093 Registered: 12-2010 Posted From: 125.16.29.4 Rating: |
malla goal post marchava? inta sepu vitanda vaadam chesavu 14.1 crores ani kaadu ane sariki malla edo kotta story cheptunnavu kinda unna story tho naaku sambandham ledu adi nenu chadavaledu 14.1 lakh crores anedi wrong assumption a | ||
Kadapafan Megastar Username: Kadapafan Post Number: 20657 Registered: 01-2008 Posted From: 117.216.150.13 Rating: N/A |
Opika kaadu le akkada matter lekunte nuvventa cover chestaav bhkat gaa?? Lets assume SBI research of 15.what ever crores of 500 and 1000rs currencies, even thats about 10% of our GDP, ippudu aa first post loni EP analysis ki 6LC ekkada nunchi vastundi black money?? | ||
Awara1984 Side Hero Username: Awara1984 Post Number: 7092 Registered: 12-2010 Posted From: 125.16.29.4 Rating: N/A |
chusava asalu adi open chesi march 14 - 12.9 billion in circulation aithe march 15 ki it became 14.3 billion aindi and march 16 ki 16.4 ki vachindi inta kante explain chese opika naaku ledu | ||
Kadapafan Megastar Username: Kadapafan Post Number: 20656 Registered: 01-2008 Posted From: 117.216.150.13 Rating: N/A |
daaniki ivvalsina pani ledu, idi number, number tappunte counter enduku ivvaru?? Asalu if its wrong why are they not correcting it?? Forget about countering a statement, its responsibility of government to give true numbers and facts, why are they not doing that still?? | ||
Wellsfargo Side Hero Username: Wellsfargo Post Number: 6883 Registered: 06-2012 Posted From: 106.220.48.11 Rating: N/A |
ademanna political party naa counter ivvadaniki. 2000 note introduce enduku chesaru ante ne evvadu cheppatledu BJP vallu kooda. | ||
Kadapafan Megastar Username: Kadapafan Post Number: 20655 Registered: 01-2008 Posted From: 117.216.150.13 Rating: N/A |
idem lekka maastaaro, its total number of notes printed by RBI, thats what we are talking here, obviously its fixed | ||
Wellsfargo Side Hero Username: Wellsfargo Post Number: 6882 Registered: 06-2012 Posted From: 106.220.48.11 Rating: N/A |
enduku istharu? November 8th daka enni circulation lo unnayi anedi fixed number kada. ade istharu. ekkuva print chesamu ani ela cheptharu. Naaku telisinantha varaku total notes in circulation is a function of the gold/foreign exchange reserves in a company. okallu iddaru officers chetilo undadu. | ||
Kadapafan Megastar Username: Kadapafan Post Number: 20654 Registered: 01-2008 Posted From: 117.216.150.13 Rating: N/A |
every year antanta currency increase enduku untundi, it could be just a matter of replacing some old notes which are already with banks and introducing new notes in the banks... speculations enduku?? if the numbers vary differently I am sure govt or RBI would have countered it ny now And if RBI doesnt know notes in circulation then  | ||
Awara1984 Side Hero Username: Awara1984 Post Number: 7091 Registered: 12-2010 Posted From: 125.16.29.4 Rating: N/A |
https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx ?Id=1181 chusuko RBI official report planned to print 5.7 billion pieces of 500rs and 2.2 billion of 1000rs they planned to print 2.3 lakh crores in 500 and 1.1 in 1000 in 2016-2017 | ||
Awara1984 Side Hero Username: Awara1984 Post Number: 7090 Registered: 12-2010 Posted From: 125.16.29.4 Rating: N/A |
numbers penchadam enti march to october printed notes undavu ani enduku anukuntunnav? "The presses supplied around 6 billion pieces of Rs 500 and Rs 1000 in 2014-15 and 5 billion pieces in 2015-16. In 2016-17, the original indent for Rs 500 and Rs 1000 notes was around 8 billion." so half year lo half print chesina you can guess the amount | ||
Kadapafan Megastar Username: Kadapafan Post Number: 20653 Registered: 01-2008 Posted From: 117.216.150.13 Rating: N/A |
yeah manaku anukoolangaa, demonetization success ani govt cheppukune vidhamgaa numbers tayaru chesi istaaru anukuntaa | ||
Wellsfargo Side Hero Username: Wellsfargo Post Number: 6880 Registered: 06-2012 Posted From: 106.220.48.11 Rating: N/A |
Manam India lo unnam mastaru. Jamaica or Iraq kaadu. Mundo, tarvatho nijam bayataki vasthadi. | ||
Kadapafan Megastar Username: Kadapafan Post Number: 20652 Registered: 01-2008 Posted From: 117.216.150.13 Rating: N/A |
6 months lo 1.26 crores new notes print chesi vadilaara, idemanna suspense thrilleraa?? when every one is quoting 14.5 and blasting govt why arent they responding if number is not right?? Ippudu venakki vastundi kaabatti numbers penchutunnara vammmo | ||
Awara1984 Side Hero Username: Awara1984 Post Number: 7089 Registered: 12-2010 Posted From: 125.16.29.4 Rating: N/A |
http://indianexpress.com/article/business/banking-and-financ e/new-notes-worth-rs-5-lakh-crore-in-less-than-one-third-dem onetised-4422522/ ivala emi ichado chudu same paper lo | ||
Awara1984 Side Hero Username: Awara1984 Post Number: 7088 Registered: 12-2010 Posted From: 125.16.29.4 Rating: N/A |
annaul report March 31 st di kada daani taruvata RBI print chesindi kada almost october mid daaka, danni calculate cheyyara? SBI noted that going by data as on 9 November, the amount of high currency denomination notes was Rs 15.44 lakh crore (excluding cash in the banks), an increase of Rs 1.26 lakh crore compared to the March figure. SBI research report adi | ||
Kadapafan Megastar Username: Kadapafan Post Number: 20651 Registered: 01-2008 Posted From: 117.216.150.13 Rating: N/A |
Ippudu idi RBI source kaadu antaara vaammmo http://indianexpress.com/article/opinion/web-edits/rs-500-rs -1000-notes-are-banks-equipped-to-replace-1874-crore-pieces- of-notes-4364746/ RBI Last year annual report stated 14.18LC in 500 and 1000 notes, inka ippudu search chese opika ledu | ||
Awara1984 Side Hero Username: Awara1984 Post Number: 7085 Registered: 12-2010 Posted From: 125.16.29.4 Rating: N/A |
eppudu cheppindi? ekkada cheppindi? | ||
Kadapafan Megastar Username: Kadapafan Post Number: 20650 Registered: 01-2008 Posted From: 117.216.150.13 Rating: N/A |
eedi bonda estimate We have 14.5L Currency in cash in 500s and 1000s ani RBI cheppindi, this is fact not estimate... If Indian GDP is 150LC, our cash in that in 500ss and 1000s is less than 10%.. This is all the cash we have in circulation, be it black or white except fake...ippudu eedu GDP ki 25% add chesinattu cash ki 25% add chesi calculation chesi cheptunnadu, eedu eedi pakodi lekkalu | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2171 Registered: 04-2008 Posted From: 50.156.143.166 Rating: N/A |
Check my first post
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Lenin Hero Username: Lenin Post Number: 10784 Registered: 08-2014 Posted From: 118.102.71.26 Rating: N/A |
Paul Krugman
Larry Summers, Kenneth Rogoff lu eppudu Communist party lo join ayyaru ba...USA lo unda asalu Communist party? Guntur, Hyderabad, Andhra, Telagana, Tamilnadu, Karnataka first....India last!!! | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2170 Registered: 04-2008 Posted From: 50.156.143.166 Rating: N/A |
LOL Amartya sen ?
you mean left media ? LOL | ||
Chandhra Junior Artist Username: Chandhra Post Number: 768 Registered: 03-2016 Posted From: 71.62.203.11 Rating: N/A |
Already 90% .. ante 13.5 lakh crores vachesaayi kadha ? Inka ee month antha time undhi .... 5 lakh crores gurindhi matladuthunnadu enti inka eedu ? | ||
Lenin Hero Username: Lenin Post Number: 10781 Registered: 08-2014 Posted From: 118.102.71.26 Rating: N/A |
I will write a cow essay better than that..first let me finish my Ph.D in economics and get the recognition Don't quote some stupid Chartered Accountant's articles...they are good at finance, not economics already iddaru noble prize laureates in economics tappu pattaru e decision ni...Toppasi Gurumurthy gadi articles enduku esthunnav? read the global news instead of satiating in pro news...world wide denkullu peduthunnaru e decision ni Guntur, Hyderabad, Andhra, Telagana, Tamilnadu, Karnataka first....India last!!! | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2168 Registered: 04-2008 Posted From: 50.156.143.166 Rating: N/A |
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Dma Hero Username: Dma Post Number: 18163 Registered: 11-2009 Posted From: 172.56.41.179 Rating: N/A |
inthakee akkiyya emayipoyindi? not to be seen recently. Jai Andhra!! Jai Jai Andhra!!! | ||
Zulu Megastar Username: Zulu Post Number: 29286 Registered: 02-2008 Posted From: 199.168.243.192 Rating: N/A |
Black money Fake Money J&K Tellalism Cashless Economy. Increasing tax base ivanni ayipoyi ippudu final ga irresponsible spending, promote savings ki vochara...  | ||
Lenin Hero Username: Lenin Post Number: 10777 Registered: 08-2014 Posted From: 118.102.71.26 Rating: N/A |
Man...u don't even need to read that Sh*t These people are First grade morons Guntur, Hyderabad, Andhra, Telagana, Tamilnadu, Karnataka first....India last!!! | ||
Dma Hero Username: Dma Post Number: 18161 Registered: 11-2009 Posted From: 172.56.41.179 Rating: N/A |
gujju thigs mumbai mafia anthaa baane vunnaaru. throughout country bada babulu anthaa baane vunnaaru. middle class elagi tippalu paduthunnaaru. denki poyindalla daily labor and smb s. Jai Andhra!! Jai Jai Andhra!!! | ||
Dma Hero Username: Dma Post Number: 18160 Registered: 11-2009 Posted From: 172.56.41.179 Rating: N/A |
orey picha puvvaa.... spending is what drives sercices based exonomy raa... it took decades for people to get into that mode, which is required to create jobs for the growing population. stopping spending and saving everything is a steb backward. beedi gaadi ep action ni samardhinchukodaaniki ep reasons cheppaka di. Jai Andhra!! Jai Jai Andhra!!! | ||
Lenin Hero Username: Lenin Post Number: 10776 Registered: 08-2014 Posted From: 118.102.71.26 Rating: N/A |
lol...leave about the implementation, thought itself is cruel and is a war declared on 60% of the population S.Gurumurthy should shu*t the fcK up and drink cow piss Guntur, Hyderabad, Andhra, Telagana, Tamilnadu, Karnataka first....India last!!! | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2167 Registered: 04-2008 Posted From: 50.156.143.166 Rating: |
http://zeenews.india.com/news/india/demonetisation-is-equiva lent-of-financial-pokhran-rss-ideologue-s-gurumurthy_1957870 .html Demonetisation is equivalent of 'financial Pokhran': RSS ideologue S Gurumurthy Last Updated: Monday, December 12, 2016 - 23:06 New Delhi: Demonetisation decision is the equivalent of 'Financial Pokhran', RSS ideologue S Gurumurthy said on Monday visualising a paradigm shift in economy that will begin a process of bringing down real estate prices and encourage transparency. Terming the demonetisation a "Financial Pokhran", Gurumurthy said when people have excess cash there is always an urge to buy things which are not necessary and that leads to "irresponsible and heartless spending". Demonetisation would bring about a huge change. "Just like Pokhran brought about a change which was unimaginable. Who would have thought America would look at India. If you had not exploded atom bomb they won't have looked at you.... "That is why post Pokhran India is a paradigm shift likewise this 'Financial Pokhran' is a paradigm shift but it requires a very different mind to understand, articulate this and make people understand," he said. India conducted nuclear tests at Pokhran in 1998 that catapult the country into a select nuclear club. Referring to former Prime Minister Manmohan Singh's comment that demonetisation was a "monumental mismanagement", that might dent GDP by 2 per cent, Gurumurthy said the demonetisation move undertaken by Prime Minister Narendra Modi was a correction for the "monumental mismanagement of the economy by the UPA government from 2004", and if not now, demonetisation would have "remained undoable" in near future. Gurumurthy, who is also the co-convenor of Swadeshi Jagran Manch, an RSS-affiliate, said demonetisation was planned two months after the change of guard at the Reserve Bank, and it was implied that there would be some errors in implementing the decision in short time while maintaining secrecy. Asked why the Rs 2,000 note was brought in and that it could encourage black money, Gurumurthy said, "In the short time of two months you do not have time to print Rs 500 and Rs 1000 notes. This 2000 rupee note must be phased out ... Demonetisation is not a one-stop solution for blackmoney. This requires a very major agenda... The nation is rebooting." He said blackmoney is a psychological disease which has to be changed and also requires cleansing of the corrupt income tax department. "So far as the Rs 14 lakh crore has come into the banking system, many people may declare and pay tax may be Rs 20,000-30,000 crore tax may come in. Others may conceal tax and put money in Jan Dhan accounts. Governments will chase them," Gurumurthy said. He said for generating this amount of black money in the system it would take another 10 years and the government will do a "definite follow up" action to not let black economy prosper. "Organising the unorganised economy is what will happen through this," he said, adding that demonetisation would put a break to the black money. Gurumurthy said during the UPA regime the money that was circulating in the system was more than the money that was needed in the normal economy. "So unless we zero in on that what damage it caused to the economy and how we shifted the paradigm from production to financialisation of the economy which led to asset inflation and transformed into 8.4 per cent growth, we will not get at what is the compulsion for demonetisation. "This demonetisation is inevitable. It will not be doable after five years," he said. The extra cash component which is circulating in the economy began driving the property and gold prices, as also the stock prices as hawala money is routed through the P-Notes, he said. Gurumurthy said high denomination notes which were worth Rs 1.4 lakh crore in 2004 and have gone up to Rs 14.5 lakh crore in 2016 and if this trend continued, this would be Rs 30 lakh crore. He said that if entire money held through high denomination notes comes into the banking system then it would be called that demonetisation would be a success. Taking a dig at Singh and former Finance Minister P Chidambaram, Gurumurthy said although the number of debit and credit cards were rising in the economy, the usage of cash in the economy also went up. The growth in high denomination notes between 2004-2010 was 51 per cent every year and taking into account the entire UPA period it was 63 per cent every year, he said, adding at that time the UPA government should have announced withdrawal of such currencies. "This entire Tsunami of cash which went to drive the stocks, gold and real estate would have been sucked out. You (UPA) didn't do it," he said. Referring to former RBI Governor Raghuram Rajan, Gurumurthy said, "He would have made a very good governor or chief of Federal Reserve System because he understood America, he didn't understand India". Rajan demitted office on September 4. | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2164 Registered: 04-2008 Posted From: 50.156.143.166 Rating: N/A |
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Masularex Side Hero Username: Masularex Post Number: 6334 Registered: 05-2010 Posted From: 106.220.126.170 Rating: |
pure bovine poop... | ||
Junior_no1 Hero Username: Junior_no1 Post Number: 16939 Registered: 09-2014 Posted From: 117.249.214.155 Rating: |
nice cow story NoMOney | ||
Triggerblaster Side Hero Username: Triggerblaster Post Number: 4202 Registered: 03-2008 Posted From: 99.2.112.39 Rating: |
Yat bhavam tat bhavati. I know for a fact that the above is true both in quantum mechanics and in philosophy. Manasu lo 100% manchi tanam unte chalu inka yemi akkaraledu. Demonetization is an action to help People in Mother India. Manche jargutundi.....Question ledu | ||
Buduguuu Megastar Username: Buduguuu Post Number: 26134 Registered: 01-2012 Posted From: 69.132.118.7 Rating: N/A |
bokka le guru.. next year nunchi anta mamoole... pedda flop show ani na feeling.. he will be loosing all the votes of people who are extremely troubled because of this exercise.. IT vallu raid chestaru penalty estaru ani ooha lokam lo telata undandi. allaki akkada man power ledani realise katledu meeru... | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2163 Registered: 04-2008 Posted From: 50.156.143.166 Rating: |
http://www.rediff.com/business/interview/incentive-to-store- black-money-has-reduced/20161208.htm 'Incentive to store black money has reduced' Dr Krishnamurthy Subramanian, an associate professor of finance at the Indian School of Business, is a member of the Reserve Bank of India's expert committee on governance of banks. A member of SEBI's Standing Committee on Alternative Investment Policy headed by Infosys co-founder N R Narayana Murthy, he also serves on the board of Bandhan Bank, the first bank to be licensed after Independence in eastern India. Dr Subramanian, below, left, spoke to Rediff.com's Shobha Warrier on demonetisation and its aftermath. The general feeling is that as an idea, demonetisation is good, but in terms of implementation, the government has failed miserably. Do you feel so? No, I don't feel that way. If demonetisation has to be effective, it has to be a complete surprise. If it has to be a surprise, only a small number of people have to be taken into confidence. If you have to plan in advance, you have to inform people in advance and that would have defeated the purpose of an effective demonetisation. Even the chairmen of various banks had no idea about demonetisation till the prime minister announced it on television. I feel the finance minister or others in the know of things might not have known that the ATMs had to be recalibrated for Rs 2,000 notes. But if you wanted a perfectly planned demonetisation move, a lot of people would have to be brought into the loop and the surprise element would have gone. How could they have avoided the inconvenience caused to the public who are forced to stand in queues for hours at ATMs and banks? I have written about this for the Mint newspaper. I got data from the National Sample Survey and based on that what I have concluded is that a large number of people who are standing in the queue are basically agents trying to convert others' black money into white. If you look at the earnings of the population in India, the average weekly earnings of 50 per cent of the working population is around Rs 1,100 to Rs 1,200. People in the bottom half generally have a hand to mouth existence and let's assume that these people have kept a savings of three weeks, these people would not have had more than Rs 4,000 to exchange. Secondly, after the banks started putting indelible ink, the queues have come down significantly. If you put together both these evidences, it is highly unlikely that the poor standing in the queues are doing so for themselves. I am not convinced that these lines consist of only poor people. These lines are comprised of two sets of people -- one set are those who have legitimately earned their money and I don't deny that they are getting troubled. But they belong to the middle crust of the population. The second set of people are standing in the queue to convert other people's money and they are getting paid for it. They would not have stood in line if they were not adequately paid. Another point of view is that only 6% of black money exists in cash and that the government should have attacked black money that exists in real estate, gold, participatory notes, stock market etc first before demonetising currency. I am not disputing that the government should attack all forms of black money. But I don't know from where this information that only 6% of black money is in cash came from. My estimate is the amount of currency in Rs 500 and Rs 1,000 notes is around Rs 15 lakh crore. Our GDP is about Rs 150 lakh crore. The World Bank estimate says that around 25 to 30 to 40 per cent of the Indian economy could be in the black economy. If we assume 25% of our economy is black, it translates into Rs 40 lakh crore and if one quarter of that is in cash, you are talking about Rs 10 lakh crore. Even if it's 1/8th, it is about Rs 5 lakh crore. So, out of the Rs 15 lakh crore of banned notes, at least 40 to 50 per cent of that will be black money. In that case, you are talking about Rs 6 lakh crore of black money in cash! Those who pay legitimate tax and also the poor do not keep big notes at home. Why I am saying that the cash part is not unimportant. Our tax revenue last year was Rs 15 lakh crore and if you can bring in Rs 5 lakh crore through this, it amounts one third of last year's tax revenue which is not trivial. The other areas where black money exists are also as important to attack, and if you see there have been a sequence of events, right from tax treaties signed with various international governments to asking people to disclose information of gold, real estate, etc to the tax amnesty scheme, there was an effort to unearth black money in other areas. But it is harder to unearth black money in real estate, hawala, etc. In 1978, when the last demonetisation happened, the black money they were looking at was Rs 80 crore. But after 1978, no government has tried to do anything on the cash part. I am happy that at least this government is doing something on the cash part of black money. It has to be a continued effort to unearth black money from other sources. Yes, the cash part is the lower hanging fruit compared to the other sources which will be harder to attack. To attack the cash part of black money, I can't think of anything else but demonetisation. Prime Minister Modi's critics say since the cash part involves so many people, the government should have tackled it last... I am not denying there is some truth to it. At the same time, when you think from the prime minister's perspective, he may prefer to give short-term pain now rather than later. The benefits of the action will be visible say after two years, closer to the elections. According to me, in terms of timing, it is better now than doing much later. After demonetising the higher currencies, what is the rationale for the Rs 2,000 notes? A day after demonetisation, the finance minister also ducked that question. To be honest, I don't have an answer to that question. I don't know why they introduced the Rs 2,000 note. That is undeniable. My guess is they might have felt that if they introduced the same denomination, it might have caused some confusion. And it is not easy replacing them (higher currency notes) with small denomination like Rs 100 notes. One thing I can say is the incentive to store black money reduces significantly now. By not paying taxes, a person might have saved say, 30%. Suppose he hoards money in Rs 2,000 and it is demonetised, he will lose 100%. If there is a 30% chance of demonetising Rs 2,000 notes, it does not make sense to convert it into black money now and lose everything. So, it is better to pay 30% tax and save the rest. There is a 6% chance of him getting harassed by tax officials too. After the shock, people have become scared to spend money. Will this result in negative growth at least in this quarter? It is quite possible that there may be negative growth this quarter. There will be a deceleration of growth this quarter. But it is okay in my opinion. There is a cost to be paid and it is fine if it doesn't extend beyond this quarter, and there are reasons why it may not. The deposits that have come in will ease bank lending. The Reserve Bank surplus will go up significantly and they may pay a dividend to the government which the government may use to capitalise the public sector banks which are under duress right now. When lending picks up, growth will happen. A lot of money that was floating in the informal financial system will be forced to come into the formal financial system now. And the benefits from this in the long run will be high. |
