Re: [ ::: ♥Keep_Mailing♥ ::: ]™ Fw: PM Modi accepts demonetisation is a blunder in meeting with Telangana CM KCR

My last sentence was for the person who said that "we" ( I do not know whom he represents) care damn about what others say. One hour back I purchased potato for Rs. 10 a kg, the price prevailing 10 years back, you can well imagine how much the farmer is getting out of this Rs.10, not more than Rs.2 per kg,

T.M


From: keep_mailing@googlegroups.com <keep_mailing@googlegroups.com> on behalf of Hoe Jin Chin <chenheren@gmail.com>
Sent: Thursday, December 8, 2016 8:18 PM
To: keep_mailing@googlegroups.com
Subject: Re: [ ::: ♥Keep_Mailing♥ ::: ]™ Fw: PM Modi accepts demonetisation is a blunder in meeting with Telangana CM KCR
 

I hope you guys would stop using 'angry words' and sort this out amicably. I also hope more members would participate and talk about this topic.


2016-12-08 19:36 GMT+08:00 Thomas Mathew <thomasmathew47@hotmail.com>:
Deflation has set in the country due to the demonetization, people do not have the money to purchase. The result is that the farmers are forced to sell  vegetables at throw away prices, tomatoes are being sold at 50 ps per kg. While it is good for the city  dwellers and business men, it will result in more farmers committing suicide.  Please read the article in the following link;  you are free to care damn of what is happening among the farmers in the country  as you are not a farmer.
http://www.countercurrents.org/2016/12/08/tomato-at-50-paisekg-a-windfall-or-disaster/

T.M

From: keep_mailing@googlegroups.com <keep_mailing@googlegroups.com> on behalf of Chandra Segaran Nair Krishnan Nair <chandra1510@gmail.com>
Sent: Thursday, December 8, 2016 2:22 PM
To: keep_mailing@googlegroups.com
Subject: Re: [ ::: ♥Keep_Mailing♥ ::: ]™ Fw: PM Modi accepts demonetisation is a blunder in meeting with Telangana CM KCR


 

What PM Modi did, was the right thing.We care a damn what others say.Funny the poor are in a queue to change such large denomination of notes,how can that be possible when they are poor.Even then they are not having large wads of such notes in  the first place.Surely it is a false story.   


On Wed, Dec 7, 2016 at 9:35 PM, Hoe Jin Chin  <chenheren@gmail.com> wrote:

Not good for him !




2016-12-07 10:03 GMT+08:00 Thomas Mathew  <thomasmathew47@hotmail.com>:





 


http://naradanews.com/2016/12/pm-modi-accepts-demonetisation-is-a-blunder-in-meeting-with-kcr/



PM Modi accepts demonetisation is a blunder in meeting with Telangana CM KCR
naradanews.com
The Prime Minister said things should improve soon, he asked KCR to support the move at least in public


 PM Modi accepts demonetisation is a blunder in meeting with Telangana CM KCR
SHAMSEER  MAMBRA| Updated On : December 4, 2016 6:53 pm
The Prime Minister said things should improve soon, he asked KCR to support the move at least in public




Prime Minister Narendra Modi has said that he blundered by demonetising Rs 1000 and Rs 500 notes without much thought. The Prime Minister made this admission to Telangana Chief Minister K. Chandrasekhar Rao (KCR) when the latter met him on November 19.
KCR had met the PM to say he was in deep trouble after demonetisation as Telangana didn't have new notes and said the situation was very bad in Hyderabad and the rest of the state. He had said people were standing in queues to deposit their old money for new   notes, which were fast running out.
The meeting between Modi and KCR, which was to be for 25 minutes initially, went on for a full one-and-a-half hours. KCR said the situation in industrial and agricultural sectors were badly impacted with entire industrial work grinding to a screeching halt   and farmers unable to hire labourers since they were either in queues for the new currency or the farmers couldn't pay labourers their wages.
  Narada  News Impact: HC Asks UP Govt To Probe Atrocities On Dalits In Dudhwa National Park KCR is said to have told the PM that given such a precarious position in Telangana, the state will not be able to pay its share of taxes and other revenue to the Centre.
Once KCR listed his many grievances, the Prime Minister admitted demonetisation was itself a blunder and that he should have paid much more attention to it before introducing it, said a source who knew about the meeting. Though the Prime Minister said things   should improve soon, he asked KCR to support the move at least in public. Modi is said to have assured KCR that Nitin Gadkari, the road transport and highways minister, and Piyush Goyal, the power minister, will announce new projects in the state to help tide   over the crisis.
  Narada Sting: X  FILES: TMC Leaders Exposed By Narada News, Caught Accepting Bribes On Camera The Modi-KCR meeting lasted so long that Army chief General Dalbir Suhag, who was waiting to meet the PM, was told the meeting was not possible due to some urgent  circumstances, after which the General left.
  Read more: PM  Modi Sat Silent In Lok Sabha Because He Knows Nothing About Economics This is the first reported occasion of Modi admitting the blunder in demonetising old high-value currency, which constituted 86 per cent of the currency in the country. Otherwise,  the Prime Minister has defended demonetisation tooth and nail in public, calling  opposition leaders, who protested against his move, corrupt as well.
  Sharad Yadav Interview: How  Can People Come Out On Streets To Protest Demonetisation If Modi Knocks Out Cash From Under Them   A top economist from Israel, who is among the Prime Minister's economic advisers, has also told Modi that the decision was enormously  wrong. Several experts, both in India and abroad, have decried the decision. These include Nobel Economic laureates Amartya  Sen and Paul Krugman, who was in Delhi for the Hindustan Times Leadership Summit. But the PM hasn't acknowledged his error.
Till date, 83 people have died either because they were turned away since they didn't have new notes, or committee suicide fearing their entire life savings have been blown away by demonetisation, or died in queues either to withdraw money from the ATM or from   the bank, or exchange money, which has since stopped at banks despite the prime minister assuring the citizens of India that they could do so until December 30.
  Read: Adani  Gets Trolled For Tweet Favouring Demonetisation Modi had announced the demonetisation on November 8. He has made several speeches after the meeting at Agra on November 21, Delhi on November 22, Punjab on November 25 and the Mann ki Baat on November  27. He repeatedly said that the demonetisation would make  India shine like gold, that the poor will get benefits et al. But in all these speeches, Modi did not admit to what he told KCR on November 19, that he had blundered with demonetisation. Nor has he  uttered a word in a discussion in Parliament's winter session,  leading to the opposition forcing adjournments demanding his presence and his statement.
  Read also: Demonetisation:  Is RBI Goof Up Responsible For It? Here's what leading magazines and newspapers of the world had to say about demonetisation:
The Economist: India's "demonetisation" is a cautionary tale of the reckless misuse of one of the most potent of policy tools: control over an economy's money. Demonetisation  will probably make only limited strides in shrinking the black economy while affecting  all of India's 1.3bn citizens, the poorest most of all. (December 3)
  Read Also: Despite  The Ambedkar Appropriations, BJP Fails To Woo Dalits The Financial Times: Will this demonetisation move sound the death knell for dirty money?
On its own, not a chance. Indian authorities have already released new high-denomination notes to replace the obsolete ones. This new currency, while harder to counterfeit, will soon become a vehicle for new undocumented transactions. As one commentator noted,   demonetisation is like liposuction: it represents a one-time reduction in body fat. But if the body wishes to maintain its new physique, a healthy diet and regular exercise are required. (November 28)
  Read Also: Demonetisation:  BJP Slammed It When Congress Did It In 2014 The Wall Street Journal: Cash is vital to the Indian economy because it allows people to escape the crushing weight of state bureaucracy. Reduced reliance on cash could be a  useful indicator  that Mr Modi's reforms are succeeding. But punishing Indians for their rational preferences will only backfire economically and politically. (November 16)
The Guardian: The scale and speed of Mr Modi's scheme has more in common with the failed experiments of dictatorships which led to runaway inflation, currency collapse and mass  protests. While Mr Modi campaigned to end corruption, it would have been better  if the government had updated its antiquated tax system to realise such a task. (November 17)
  Narada Investigation: Will  Injecting Petrol Into Anus Of Dalits Help Save Royal Bengal Tiger? The New York Times: Demonetization was ostensibly implemented to combat corruption, terrorism financing and inflation. But it was poorly designed, with scant attention  paid  to the laws of the market, and it is likely to fail. So far its effects have been disastrous for the middle- and lower-middle classes, as well as the poor. And the worst may be yet to come (November 27)
 
China Daily: India's sudden move of scrapping currency notes of higher denominations to curb the menace of black money seems to be a nightmare for the country's poor and the  middle class. (November 13)
Former US treasury secretary Larry Summers in the Washington Post: We strongly suspect that those with the largest amount of ill-gotten gain do not hold their wealth in cash  but instead have long since converted it into foreign exchange, gold, bitcoin or some  other store of value. So it is petty fortunes, not the hugest and most problematic ones, that are being targeted.




--
You received this message because you are subscribed to the Google Groups "Keep_Mailing" group.
To unsubscribe from this group and stop receiving emails from it, send an email to keep_mailing+unsubscribe@googlegroups.com.
To post to this group, send email to  keep_mailing@googlegroups.com.
Visit this group at  https://groups.google.com/group/keep_mailing.
To view this discussion on the web visit  https://groups.google.com/d/msgid/keep_mailing/KL1PR06MB1606B613AB147B1C611FEB0BC2850%40KL1PR06MB1606.apcprd06.prod.outlook.com.
For more options, visit  https://groups.google.com/d/optout.


 --
You received this message because you are subscribed to the Google Groups "Keep_Mailing" group.
To unsubscribe from this group and stop receiving emails from it, send an email to keep_mailing+unsubscribe@googlegroups.com.
To post to this group, send email to  keep_mailing@googlegroups.com.
Visit this group at  https://groups.google.com/group/keep_mailing.
  To view this discussion on the web visit  https://groups.google.com/d/msgid/keep_mailing/CAKe5fOWXDVY2iJodtiEkfpynniUA0Fe3HaO%2BrGEyiN6SPXaDpw%40mail.gmail.com.


For more options, visit  https://groups.google.com/d/optout.




 --


Chandra1510
 --
You received this message because you are subscribed to the Google Groups "Keep_Mailing" group.
To unsubscribe from this group and stop receiving emails from it, send an email to keep_mailing+unsubscribe@googlegroups.com.
To post to this group, send email to  keep_mailing@googlegroups.com.
Visit this group at https://groups.google.com/group/keep_mailing.
To view this discussion on the web visit  https://groups.google.com/d/msgid/keep_mailing/CAN%3D7Dtpr%2BZzFcUOngUi-%3D-kdLOp7EikfxDtwW09Dr_NVpL9s9w%40mail.gmail.com.
For more options, visit https://groups.google.com/d/optout.


--
You received this message because you are subscribed to the Google Groups "Keep_Mailing" group.
To unsubscribe from this group and stop receiving emails from it, send an email to keep_mailing+unsubscribe@googlegroups.com.
To post to this group, send email to keep_mailing@googlegroups.com.
Visit this group at https://groups.google.com/group/keep_mailing.
To view this discussion on the web visit https://groups.google.com/d/msgid/keep_mailing/KL1PR06MB1606E0679DBD0F98AC2E6760C2840%40KL1PR06MB1606.apcprd06.prod.outlook.com.


For more options, visit https://groups.google.com/d/optout.


--
You received this message because you are subscribed to the Google Groups "Keep_Mailing" group.
To unsubscribe from this group and stop receiving emails from it, send an email to keep_mailing+unsubscribe@googlegroups.com.
To post to this group, send email to keep_mailing@googlegroups.com.
Visit this group at https://groups.google.com/group/keep_mailing.
To view this discussion on the web visit https://groups.google.com/d/msgid/keep_mailing/CAKe5fOWwgRfH2xdBdXuAt9npRRX%2BjF%3DG-OgzQi0-5Y_J--pj0g%40mail.gmail.com.
For more options, visit https://groups.google.com/d/optout.


--
You received this message because you are subscribed to the Google Groups "Keep_Mailing" group.
To unsubscribe from this group and stop receiving emails from it, send an email to keep_mailing+unsubscribe@googlegroups.com.
To post to this group, send email to keep_mailing@googlegroups.com.
Visit this group at https://groups.google.com/group/keep_mailing.
To view this discussion on the web visit https://groups.google.com/d/msgid/keep_mailing/KL1PR06MB1606F5C24734E41088608261C2840%40KL1PR06MB1606.apcprd06.prod.outlook.com.
For more options, visit https://groups.google.com/d/optout.