4 ms·
I've been predicting this govt would do poorly long before they were elected to power. Having said that, you're completely mistaken about this issue. It's the g
by _jgdh 9y ago
I've been predicting this govt would do poorly long before they were elected to power. Having said that, you're completely mistaken about this issue. It's the govt's job to provide infrastructure. If all households are electrified by 2019 that makes a massive difference to people's lives - lights and fans at night improve the quality of life, children can study, phones can be charged etc. Further, this actually increases the rate of growth because these people will likely earn and consume more. Honestly, I'm thrilled about this.
Just to play Modi's advocate for a second, I think replacing all indirect taxes with one indirect tax will benefit Indian businesses in the long run. Although it will be painful for now, especially for corner cases the govt hasn't thought about (exporters having to pay tax and getting a refund months later) it will get better with time. I predict that the software will improve to the point that filing the tax will become more or less automated. India is taking the hit to growth today to reap the benefit of tax simplification 2+ years from now.
As for demonetization, I doubt even Modi's mother could spin that positively. It was a disaster, no doubt. Perhaps the tiny silver lining that was completely unintended is that most urban merchants accept digital payments now.
- thewhitetulip 9y agotdlr: the scheme is good, but through the scheme he is hiding the fact that he has reinstated the economic advisory committee and it is too convinent to do this just as the nation has begun to realize that they were mistaken about his leadership. long: I am not saying that electrification scheme is wrong. I am merely pointing out that there have been too many coincidences. 1. surgical strike happened just a few months before UP elections 2. when surgical strike's glory failed, DeMo happened just a few months before UP election 3. in the first 2 months of DeMo 80% notes were returned, RBI counted 80% notes within 2months but they took 8months to calculate the rest of the notes? 4. RBI report came at the backdrop of the worst floods Mumbai faced since 2006. I am not mistaken about anything, my good sir. I am saying that this govt doesn't do work and it hides it's failures strategically so that people have something else to talk about. Remember the jibe "hard work is more important than harvard"? Our great PM dissolved the economic advisory committee which UPA had in place. now he has reinstated the committee and he announced that during his 2.5Billion $ scheme (which was already present with a deadline of 2018) so that people will talk about electrification but not his utter failure to save the economy. He has failed the country and the GDP is ruined despite good economic conditions and all they are doing is hiding their laundry under the guises of promotions and even more promises. and I had said way back during the general elections (to my clg friends) that it would take 3hrs for bhakts to realize how wrong they were and now almost everyone have opened their eyes!
- addicted 9y agoI’d rather a leader who responds to having made a mistake by fixing it than someone who digs in deeper. In fact, I’d rather have a leader who acknowledges and fixes their mistakes than one who never makes any.
- thewhitetulip 9y agoMe too! I'd rather have MMS as PM again!
- yinyang_in 9y agoMMS aren't we tired of corruption. Aren't we tired of scared image in India. MMS has always been puppet( his tenure during PM) and good guy in hands of SG and RG ; what are we upto. Man who can't stand for himself, is he going to lead us !