In this video, noted Economist, Politician and Senior BJP leader Dr. Subramanian Swamy talks about some of the side effects of De-monetisation and the way forward.
We are a team of focused individuals with expertise in at least one of the following fields viz. Journalism, Technology, Economics, Politics, Sports & Business. We are factual, accurate and unbiased.
Latest posts by Team PGurus (see all)
- US Secretary of State Antony J Blinken visiting India on July 27. Afghanistan and cooperation in the UN on the agenda - July 24, 2021
- More leaks from Pegasus Project – CBI top brass Alok Verma and Rakesh Asthana, Anil Ambani, Rafale India rep also in the surveillance list. Dalai Lama’s men too - July 23, 2021
- Lingayat pontiffs rally behind Yediyurappa, want BJP to allow him to complete term. Subramanian Swamy backs the Chief Minister - July 21, 2021
The conversation with Dr. Swamy on DeMo raises few questions :
how many countries among the top 10 economies of of the world have abolished taxation as a source of revenue
Share of tax revenues direct and indirect taxes in the total revenues of top 10 economies
In case of 3G/4G spectrum auctions the govt. charged exorbitant prices, which the telecom companies paid by borrowing monies from banks and now the telecom sector is sitting on huge NPAs, contrast
power was subsidized by state govts as incentives resulting in discoms ending with NPAs and these NPA’s of discoms were eventually cleverly converted into borrowings by state govts by current Minister for Railways
assuming that proportion of black money was 25% before DeMo or say 3.50 lac cr., if govt kept only 25% of this or Rs.87.5 KCr. makes no economic sense as the cost of DeMo will be minimum twice or Rs.1.90 lac Cr.