Jai Modi

[uttermost]

24 minutes ago, batman2 said:

it is not like we do two three things and it will reverse. India should be structurally strong to solidify rupee. no PM /govt concentrated on structural reforms as much as  modi govt did

This is the reason why govts go for populism and don't care for longterm. overnight results kavali andhariki.

what the fcuk is 'structurally strong'? Can you point to a couple policies which Modi undertook (that already didn't exist) that aims to 'structurally' strengthen the economy?

dude, the current govt is spending less and less on education and health. I don't know what you mean by 'structural reforms'. Pls throw some light.

[batman2]

2 minutes ago, uttermost said:

what the fcuk is 'structurally strong'? Can you point to a couple policies which Modi undertook (that already didn't exist) that aims to 'structurally' strengthen the economy?

dude, the current govt is spending less and less on education and health. I don't know what you mean by 'structural reforms'. Pls throw some light.

revamping the state electricity boards whose debt keeps ballooning 

[uttermost]

3 minutes ago, batman2 said:

revamping the state electricity boards whose debt keeps ballooning 

Was that the biggest drag on economy when PM ran for office in 2014? they are minor institutional shuffles. Not 'reforms'.

The biggest drag was slowing of private investment in the last 5yrs, and of distressed assets. It grew further many fold under Modi. Tell me what reforms Modi took to address that.

[batman2]

Just now, uttermost said:

Was that the biggest drag on economy when PM ran for office in 2014? they are minor institutional shuffles. Not 'reforms'.

The biggest drag was slowing of private investment in the last 5yrs, and of distressed assets. It grew further many fold under Modi. Tell me what reforms Modi took to address that.

minor institutional shuffles kaadhu, go and read abt it and get knowledge.

even akhilesh Yadav when CM go UP agreed to it a sit was good policy reform and UP state was worst debt

all ballooning debts are a drag on economy

[uttermost]

6 minutes ago, batman2 said:

revamping the state electricity boards whose debt keeps ballooning 

anyway it was not any 'revamping', but 'pushing the debt under a carpet' scheme, which I dont have a problem with, btw.

[batman2]

2 minutes ago, uttermost said:

Was that the biggest drag on economy when PM ran for office in 2014? they are minor institutional shuffles. Not 'reforms'.

The biggest drag was slowing of private investment in the last 5yrs, and of distressed assets. It grew further many fold under Modi. Tell me what reforms Modi took to address that.

private investment was slowed becoz banks weren't lending and there were lots of NPAs.

as a result many projects were stalled and no decision making was happening. stalled project was a record in 2014.

go and check modi work on stalled projects, even NDTV put up an article praising modi's work in this. just mentioning randi tv for folks like u

[batman2]

problems with banks and NPAs impacted private investment and its a legacy issue not something that started in 2014. of course with time it only got bad. RBI not cutting on interest rates also did not help.

in this situation inflation needs to be maintained at optimum levels so careful spending was required which this govt did well. 

then first 2 yrs of the govt were drought years, every state wanted farm loan waivers. the govt cannot let inflation collapse either and keeping petrol rate uptick and not going for populism by slashing them is also a gutsy decision

[uttermost]

3 minutes ago, batman2 said:

minor institutional shuffles kaadhu, go and read abt it and get knowledge.

even akhilesh Yadav when CM go UP agreed to it a sit was good policy reform and UP state was worst debt

all ballooning debts are a drag on economy

ofcourse, it is the definition of institutional shuffle. The debt is supposed to be taken over by the state govt, and prices revised every quarter. and some savings from coal swapping, leading to higher utilization. 

state govt debts are not a drag on the economy compared to Lack of private investment. Indian economy stopped chugging around 2012, and it still remains sick.

This 'reform' is like introducing 4g services at cheap price for the entire country, except if its done by the govt. Its still not structural in any sense, because industrial production hasn't soared, nor has there been a trade surplus.

perhaps BJP's understanding of 'structural' starts and stops at bania level.

[batman2]

there is a boom in the mining sector due to change in mining policy. the impact to economy will take time but surely will have effect

[uttermost]

8 minutes ago, batman2 said:

private investment was slowed becoz banks weren't lending and there were lots of NPAs.

 as a result many projects were stalled and no decision making was happening. stalled project was a record in 2014.

 go and check modi work on stalled projects, even NDTV put up an article praising modi's work in this. just mentioning randi tv for folks like u

lol. so you don't know what happened to stalled projects since 2014? is this how you argue? 

can you point out to me atleast the names of these projects that were stalled, and put on fast track by the current govt? I noticed that port to maduravoyal road is still at the same stage I saw 5yrs ago.

All I can see is that Modi announced several projects, just like CBN, and no one takes him seriously.

[batman2]

https://www.ndtv.com/india-news/modi-diktat-paying-off-india-infrastructure-projects-on-a-roll-1692169

by your fav channel randi tv

[Android_Halwa]

41 minutes ago, SonaParv_522 said:

Calling @Android_Halwa to analyse this

It’s so silly and stupid. 

Monetary value and oil price depends on many factors and Modi factor is the least of it. 

People compare oil prices. But have you seen the consumption levels of oil by india and balances that need to be made for the import bill ?

Hydrocarbons and Petroleum are two most successful factors of Modi Govt. 

for falling rupee and rising $, it’s the American dollar which is now back with a fanstastic growth and so many trade wars at the moment  Dollar will only strengthen. Who would love to buy Chinese yuan in times of crisis or rupees ?

People make unnessasaru comparisons. If you have to compare the oil prices , please do with respect to the consumption. 

 

[uttermost]

4 minutes ago, batman2 said:

there is a boom in the mining sector due to change in mining policy. the impact to economy will take time but surely will have effect

ahaan!! so this 'structural' reform is just India digging into its own resources to produce things of value.

Did other resource markets shut off for India or what? Can't import raw materials and manufacture stuff?

[uttermost]

1 minute ago, Android_Halwa said:

It’s so silly and stupid. 

Monetary value and oil price depends on many factors and Modi factor is the least of it. 

People compare oil prices. But have you seen the consumption levels of oil by india and balances that need to be made for the import bill ?

Hydrocarbons and Petroleum are two most successful factors of Modi Govt. 

for falling rupee and rising $, it’s the American dollar which is now back with a fanstastic growth and so many trade wars at the moment  Dollar will only strengthen. Who would love to buy Chinese yuan in times of crisis or rupees ?

People make unnessasaru comparisons. If you have to compare the oil prices , please do with respect to the consumption. 

 

It means that India's not producing enough and consuming more than it produces. simple.

Why is talking about exchange rate stupid? 

[uttermost]

2 minutes ago, batman2 said:

https://www.ndtv.com/india-news/modi-diktat-paying-off-india-infrastructure-projects-on-a-roll-1692169

by your fav channel randi tv

so you can't even defend your own fav govt. okay.