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> even pulled it off. A retail shop of Bangalore(metropolitan) doesn't speak for entire India. The shop you visited already had a computer/software but ground

> even pulled it off. A retail shop of Bangalore(metropolitan) doesn't speak for entire India. The shop you visited already had a computer/software but ground reality is much different among traders in tier II & III cities. > The Indian govt. should be given honorary entry to YC. The world's biggest startup is going lean. The government face-planted themselves miserably with demonetization experiment. They thought it would be easy to muscle everyone to use electronic payment without understanding the ground realities. The economy is performing below expectations solely due to it and they still haven't disclosed what they have achieved(good) with demonetization. They could have planned the implementation in stages so that the transition could be done smoother. The same is going to happen with GST. They can be anything but sultans of implementation. We Indians are so resilient that without traffic signals we adjust, during floods we help each other without expecting the government - so we will be ok eventually. Wish the government cared for its majority of the people instead of catering to elitist alone.

logicuce 9y ago
Unable to understand how these moves are catering to the elitist alone. Will appreciate some elaborate details or pointers to the least.
- navinsylvester 9y ago
  Who suffered due to demonetization?. The small traders, daily wage laborers, farmers and middle class who comprise the majority of India and for what. Please read: http://www.dailyo.in/politics/demonetisation-noteban-six-months-failure-terror-financing-modi/story/1/17139.html http://www.dailyo.in/politics/demonetisation-noteban-six-mon... Who will suffer due to improper implementation of GST?. Not the super rich or rich but everyone else. GST requires monthly three returns to be filed in each operating state and an annual report. How will small traders cope up with this sort of requirement with no government initiative?. Please read: http://economictimes.indiatimes.com/small-biz/policy-trends/gst-small-traders-trip-over-lack-of-it-infrastructure-new-invoicing/articleshow/59415601.cms http://economictimes.indiatimes.com/small-biz/policy-trends/...
  - logicuce 9y ago
    Isn't it that UP elections, which happened after demonetization, were a clean sweep in favour of BJP? From what I understand UP voters are a good proxy for sentiments of traders, daily wage laborers and middle class. They seem to have accepted it with a bang. In the article you shared, there are mentions of celebrated economists siding with both camps. I will leave up to the chosen government to weigh in those opinions and make a move. Coming to GST - the earlier tax system was much more complex and leaky. If your turnover is below 75 Lakhs (small traders) you can opt for composition scheme which is even simpler. If your turnover is higher, it should be fair to assume your business is big enough to have a computer operator who can file 3 returns (excel sheet I guess) every month with benefits of input credit.
    - kranner 9y ago
      The popular theory for why the UP election was won by the BJP was that their candidates had advance notice of demonetisation and stocked up on lower-denomination notes (and later were the first ones to receive the new notes) whereas other parties were left with worthless stacks of old cash. I shouldn't have to explain why in India more cash to distribute means more votes.
smallnamespace 9y ago
> They could have planned the implementation in stages so that the transition could be done smoother. Is that really true though? Seems like the whole point of this was to surprise the market and force people into the banking system on short notice so then you can tax them. But if you give people notice, then they have a chance to come up with alternative cash-like arrangements in advance so that when you take away their notes, they just switch to a different 'black money'-like asset. Not saying this couldn't have been planned out better, but if you follow the logic then the 'big bang' change is inherent to what they're trying to do.
- navinsylvester 9y ago
  Did this come out all gun blazing approach yield the desired result?. After all the suffering we went through and hearing all the BJP promises on why this is so necessary don't we require a report on the rewards we got from this process?. This article articulates my concern: http://www.dailyo.in/politics/demonetisation-noteban-six-months-failure-terror-financing-modi/story/1/17139.html http://www.dailyo.in/politics/demonetisation-noteban-six-mon...
sfifs 9y ago
> The government face-planted themselves miserably with demonetization experiment. They thought it would be easy to muscle everyone to use electronic payment without understanding the ground realities. The economy is performing below expectations solely due to it and they still haven't disclosed what they have achieved(good) with demonetization. You're completely missing the point of demonitization. Modi got elected partly on the promise of doing something about black money and corruption - which is what pulled down the previous government. Demonitization was basically a way to demonstrate that he was keeping that promise. For months on the end, towns were filled with stories of the corrupt rich desperate trying to get rid of their unaccounted for cash and government officials getting raided. In other words, it was primarily a political exercise designed to show he will take action if he makes a promise. The vicarious pleasure the common man got hearing about the discomfiture of the corrupt rich I reckon is more than sufficient to get his government re-elected and also give him some slack from people if the GST thing falls flat - given they trust him more due to demonetization.
- navinsylvester 9y ago
  > The vicarious pleasure the common man got hearing about the discomfiture of the corrupt rich I reckon is more than sufficient to get his government re-elected I agree the common man can be easily be fooled by gimmicks and the BJP government is an expert in sugar coating gimmicks. Please read: http://www.dailyo.in/politics/demonetisation-noteban-six-months-failure-terror-financing-modi/story/1/17139.html http://www.dailyo.in/politics/demonetisation-noteban-six-mon...
  - sfifs 9y ago
    Just to be clear, I think the reduction in currency note availability which has forced a large number of traders, businesses and the unorganized sector to accept bank payments a positive thing and reduced bribes anecdotal well worth the point of growth sacrificed. I was just outlining that the political rationale is primary.
    - kamaal 9y ago

logicuce 9y ago

Unable to understand how these moves are catering to the elitist alone. Will appreciate some elaborate details or pointers to the least.

navinsylvester 9y ago
Who suffered due to demonetization?. The small traders, daily wage laborers, farmers and middle class who comprise the majority of India and for what. Please read: http://www.dailyo.in/politics/demonetisation-noteban-six-months-failure-terror-financing-modi/story/1/17139.html http://www.dailyo.in/politics/demonetisation-noteban-six-mon... Who will suffer due to improper implementation of GST?. Not the super rich or rich but everyone else. GST requires monthly three returns to be filed in each operating state and an annual report. How will small traders cope up with this sort of requirement with no government initiative?. Please read: http://economictimes.indiatimes.com/small-biz/policy-trends/gst-small-traders-trip-over-lack-of-it-infrastructure-new-invoicing/articleshow/59415601.cms http://economictimes.indiatimes.com/small-biz/policy-trends/...
- logicuce 9y ago
  Isn't it that UP elections, which happened after demonetization, were a clean sweep in favour of BJP? From what I understand UP voters are a good proxy for sentiments of traders, daily wage laborers and middle class. They seem to have accepted it with a bang. In the article you shared, there are mentions of celebrated economists siding with both camps. I will leave up to the chosen government to weigh in those opinions and make a move. Coming to GST - the earlier tax system was much more complex and leaky. If your turnover is below 75 Lakhs (small traders) you can opt for composition scheme which is even simpler. If your turnover is higher, it should be fair to assume your business is big enough to have a computer operator who can file 3 returns (excel sheet I guess) every month with benefits of input credit.
  - kranner 9y ago
    The popular theory for why the UP election was won by the BJP was that their candidates had advance notice of demonetisation and stocked up on lower-denomination notes (and later were the first ones to receive the new notes) whereas other parties were left with worthless stacks of old cash. I shouldn't have to explain why in India more cash to distribute means more votes.

smallnamespace 9y ago

> They could have planned the implementation in stages so that the transition could be done smoother. Is that really true though? Seems like the whole point of this was to surprise the market and force people into the banking system on short notice so then you can tax them. But if you give people notice, then they have a chance to come up with alternative cash-like arrangements in advance so that when you take away their notes, they just switch to a different 'black money'-like asset. Not saying this couldn't have been planned out better, but if you follow the logic then the 'big bang' change is inherent to what they're trying to do.

navinsylvester 9y ago
Did this come out all gun blazing approach yield the desired result?. After all the suffering we went through and hearing all the BJP promises on why this is so necessary don't we require a report on the rewards we got from this process?. This article articulates my concern: http://www.dailyo.in/politics/demonetisation-noteban-six-months-failure-terror-financing-modi/story/1/17139.html http://www.dailyo.in/politics/demonetisation-noteban-six-mon...

sfifs 9y ago

> The government face-planted themselves miserably with demonetization experiment. They thought it would be easy to muscle everyone to use electronic payment without understanding the ground realities. The economy is performing below expectations solely due to it and they still haven't disclosed what they have achieved(good) with demonetization. You're completely missing the point of demonitization. Modi got elected partly on the promise of doing something about black money and corruption - which is what pulled down the previous government. Demonitization was basically a way to demonstrate that he was keeping that promise. For months on the end, towns were filled with stories of the corrupt rich desperate trying to get rid of their unaccounted for cash and government officials getting raided. In other words, it was primarily a political exercise designed to show he will take action if he makes a promise. The vicarious pleasure the common man got hearing about the discomfiture of the corrupt rich I reckon is more than sufficient to get his government re-elected and also give him some slack from people if the GST thing falls flat - given they trust him more due to demonetization.

navinsylvester 9y ago
> The vicarious pleasure the common man got hearing about the discomfiture of the corrupt rich I reckon is more than sufficient to get his government re-elected I agree the common man can be easily be fooled by gimmicks and the BJP government is an expert in sugar coating gimmicks. Please read: http://www.dailyo.in/politics/demonetisation-noteban-six-months-failure-terror-financing-modi/story/1/17139.html http://www.dailyo.in/politics/demonetisation-noteban-six-mon...
- sfifs 9y ago
  Just to be clear, I think the reduction in currency note availability which has forced a large number of traders, businesses and the unorganized sector to accept bank payments a positive thing and reduced bribes anecdotal well worth the point of growth sacrificed. I was just outlining that the political rationale is primary.
  - kamaal 9y ago