Categories
Video

Is Modi watching Aastha Channel?

This was aired a couple of years back.

Categories
Links

Linkfest: November 16,2016

Some stuff I am reading today morning:

Italy polls gets worse as referendum nears (Reuters)

ATM chaos,demonetisation woes (FirstPost)

Drop in Dabba market trades add to liquidity crisis (Money Control)

Cyrus Mistry: Ratan Tata paid Nira Radia 40 Cr/year ! (ET)

Why DVRs have failed in India (BL)

Demonetisation and the Equity Markets (Subramoney)

Tax & Penalty on Cash Deposits (Be Money Aware)

Long-Short investing may shorten your investment life-span (AA)

Warren Buffett is now bullish on airlines (Climateer)

Lawsuits against Welspun,Walmart roil cotton industry (Mint)

 

Categories
Observations

Checkmate

Find it interesting how the Modi Govt has moved fast to checkmate the legendary Indian Jugaad

Jugaad: Buy gold with cash.

Govt Response: IT raids on Jewellers 

Jugaad: Buy $ with cash.

Govt Response: IT raids on Hawala Dealers

Jugaad: Buy Appliances/Mobile Phones with cash.

Govt Response: IT scrutiny on all back dated purchases

Jugaad: Buy Railways Tickets with cash and then cancel and claim refund

Govt Response: All cancellations above 50K to be directly deposited in bank accounts

Jugaad: Buy Airline Tickets with cash and then cancel and claim refund

Govt Response: Only non-cancellable airline tickets can be purchased with cash

Jugaad: Rent out Jan Dhan accounts.

Govt Response: Not more than 50,000 Rs deposit in Jan Dhan accounts

Jugaad: Pay people money to stand in line and exchange cash.

Govt Response: Indelible ink to mark people exchanging cash

CHECKMATE

Categories
Chart Currencies

Chart: Asian Currencies fall to 7 year low

Source:Bloomberg

emcurr

Categories
Cartoon

India’s 9-11

Source: Satish Acharya

 

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