Modi is trying to fill the bottomless pit that he dug with his hubris filled decision: DEMONETISATION. Ever since that day India has been sinking deeper and deeper into economic disaster. It may take another decade to recover from such disaster. That too, it can be done only if Modi is removed from power.
Through his asset monetisation thrust Modi is trying to achieve another important objective: deprive the opposition parties from profiting through the use of public sector assets: employment, contracts etc. Modi thinks far too much ahead, only to destroy the opposition, impoverish the nation and enrich his cronies.
But he has still managed to make this all look right because he has been able to control the narrative, thanks to the Godi media and a bankrupt opposition that cannot unite under a single message.
I think your hatred seems to be more than the factual representation. While considering Gst as a disaster, I don't think you go to market and deal in items.Gst has actually brought some revolutionary changes in the market of how it operates. It just that you don't have that business mindset in you in which you are not able to understand. You just seem to be sitting in AC and trying to manipulate numbers to criticize as much as possible.
This is basically a rehashing of what the Germans did at the end of WWII scorch the land so that it will take a long time to rebuild. What hard work created those those assets in last 70+ years is the One Question NOT asked? as they cant give credit to anyone but self.
Doesn't take too much to understand the govt's desperation for funds... Success depends on how many will line up to take on the chin, "the risk premium attached to the earning, and general uncertainty of dealing with a capricious Govt".
A laughworthy piece of assumptions and narrative creation Ms. Sonali.
1. When was India last rated anywhere above one notch above junk?
2. Did you even attempt to analyse the opportunity cost of not monetizing these assets? What would that yield? Will that not need additional borrowing, additonal interest payments and additional tax burden for a longer tenor? Would the idle assets not just depreciate without any meaningful utilization.
3. So central planning is bad and it should rather be bottom-up. Name one economy which has successfully done it while you claim that.
4. 50-100% RoE by private sector? What school did you learn your finance at Ma'am?
5. The assumptions and "facts" in these articles have been given such a biased spin that it would require me beyond my lunch break at the bank to point them out.
Basically, before writing this article you had a political bias. You have made no economic sense of the decision whatsover and just made empty noise on this page. Buck up!
Modi is trying to fill the bottomless pit that he dug with his hubris filled decision: DEMONETISATION. Ever since that day India has been sinking deeper and deeper into economic disaster. It may take another decade to recover from such disaster. That too, it can be done only if Modi is removed from power.
Through his asset monetisation thrust Modi is trying to achieve another important objective: deprive the opposition parties from profiting through the use of public sector assets: employment, contracts etc. Modi thinks far too much ahead, only to destroy the opposition, impoverish the nation and enrich his cronies.
But he has still managed to make this all look right because he has been able to control the narrative, thanks to the Godi media and a bankrupt opposition that cannot unite under a single message.
Exceptionally written & very well conceived
Facts are really scary for any sensible citizen.
Please continue the good work
I think your hatred seems to be more than the factual representation. While considering Gst as a disaster, I don't think you go to market and deal in items.Gst has actually brought some revolutionary changes in the market of how it operates. It just that you don't have that business mindset in you in which you are not able to understand. You just seem to be sitting in AC and trying to manipulate numbers to criticize as much as possible.
Well, I am not against criticism.
These were strategic assets built over a period of time. The Goverment is broke and also does not know how to manage them.
And hence is resorting to this "leasing" model.
Keeping aside the topic of "profit accrual" to the Private sector, except for getting some cash, the Govt is not gaining anything from this exercise.
And the contract negotiation (terms and conditions) for the "lease" will definitely happen in favor of the cronies!
Indians can only hope, their Government does not agree to any counter guarantees!
This is basically a rehashing of what the Germans did at the end of WWII scorch the land so that it will take a long time to rebuild. What hard work created those those assets in last 70+ years is the One Question NOT asked? as they cant give credit to anyone but self.
Doesn't take too much to understand the govt's desperation for funds... Success depends on how many will line up to take on the chin, "the risk premium attached to the earning, and general uncertainty of dealing with a capricious Govt".
A laughworthy piece of assumptions and narrative creation Ms. Sonali.
1. When was India last rated anywhere above one notch above junk?
2. Did you even attempt to analyse the opportunity cost of not monetizing these assets? What would that yield? Will that not need additional borrowing, additonal interest payments and additional tax burden for a longer tenor? Would the idle assets not just depreciate without any meaningful utilization.
3. So central planning is bad and it should rather be bottom-up. Name one economy which has successfully done it while you claim that.
4. 50-100% RoE by private sector? What school did you learn your finance at Ma'am?
5. The assumptions and "facts" in these articles have been given such a biased spin that it would require me beyond my lunch break at the bank to point them out.
Basically, before writing this article you had a political bias. You have made no economic sense of the decision whatsover and just made empty noise on this page. Buck up!