Indian Economy: News and Discussion

[fire starter]

 

[sauntheninja]

if you remove “slums” from Mumbai, there will not be workers to service the middle class and the rich.

the scenario you are describing is what already happened in California, cost of living got ridiculously high for low income people that now companies are simply moving out of California.

Apparently there is two weeks waitlist to get a electrician appointment in Berlin. three weeks waitlist to get a doctors appointment in Netherlands. all these are symptoms caused by lack of low salary workforce, created by supply demand mismatch.

in my view, low cost living has to be available within the city for city to survive for a longer period.

I'm not saying to remove the slums but surely there can be a concept of low cost housing where these people can move and the land can be used for better purposes

 

[ezsasa]

I'm not saying to remove the slums but surely there can be a concept of low cost housing where these people can move and the land can be used for better purposes

it’s not the case that attempts were not made, there are many slum redevelopment projects that have been going in mumbai for decades. during UPA too slum redevelopment never stopped.

Except for Dharavi redevelopment, where three attempts were made with the latest one being 5.5 billion $ project in 2017, all others seem to be progressing at their pace. Dharavi is one slum where shiv Sena does not want to develop.

For other “slums”, you can search for them. don’t go by google top search results, apparently per google Dharavi is the only slum in mumbai which is not the case.

 

[Haldilal]

Ya'll Niibiars only Mumbai Has a large Scale Slum Rehabaltion Scheme for both private and Public land's but Delhi AK has made every Illegal colony into a vote Bank which will be the death bed of Delhi growth and the whole region.

 

[Haldilal]

it’s not the case that attempts were not made, there are many slum redevelopment projects that have been going in mumbai for decades. during UPA too slum redevelopment never stopped.

Except for Dharavi redevelopment, where three attempts were made with the latest one being 5.5 billion $ project in 2017, all others seem to be progressing at their pace. Dharavi is one slum where shiv Sena does not want to develop.

For other “slums”, you can search for them. don’t go by google top search results, apparently per google Dharavi is the only slum in mumbai which is not the case.

Ya'll Nibbiars the taxes we pay during home registration, and subsequent property tax? Those taxes, sirji. (which the hawkers and slum people don't pay and yet encroach the land.
There was some Stanford study about people who suddenly became rich (lottery, inheritance) etc, most of them ended up worse off than where they began. That's the thing with money. Jitna hazam karne ke capacity hoti hai utna hi reh jaata hai, baaki chala jaata hai. If you give shudh ghee to a starving person, he will get diarrhea. Same is the case with money. If it is not earned by the person himself on the build up to the large lumpsum amount, they are not able to manage the lumpsum.

There are many slum dwellers in Mumbai and Pune who made windfall gains from slum-redevelopment project resettlement amounts. When they sold, they must have thought that the buyer must be an idiot for paying them this much, and that they'd never have to work a single day in their life. They all mismanaged the money and ended up worse off, now they are back to those same slum areas selling chai-vada-paav to the same middle class people to whom they had sold their homes at windfall gains earlier.

 

[ezsasa]

Ya'll Nibbiars the taxes we pay during home registration, and subsequent property tax? Those taxes, sirji. (which the hawkers and slum people don't pay and yet encroach the land.
There was some Stanford study about people who suddenly became rich (lottery, inheritance) etc, most of them ended up worse off than where they began. That's the thing with money. Jitna hazam karne ke capacity hoti hai utna hi reh jaata hai, baaki chala jaata hai. If you give shudh ghee to a starving person, he will get diarrhea. Same is the case with money. If it is not earned by the person himself on the build up to the large lumpsum amount, they are not able to manage the lumpsum.

There are many slum dwellers in Mumbai and Pune who made windfall gains from slum-redevelopment project resettlement amounts. When they sold, they must have thought that the buyer must be an idiot for paying them this much, and that they'd never have to work a single day in their life. They all mismanaged the money and ended up worse off, now they are back to those same slum areas selling chai-vada-paav to the same middle class people to whom they had sold their homes at windfall gains earlier.

what people do with their money is not our problem.

 

[SKC]

it’s not the case that attempts were not made, there are many slum redevelopment projects that have been going in mumbai for decades. during UPA too slum redevelopment never stopped.

Except for Dharavi redevelopment, where three attempts were made with the latest one being 5.5 billion $ project in 2017, all others seem to be progressing at their pace. Dharavi is one slum where shiv Sena does not want to develop.

For other “slums”, you can search for them. don’t go by google top search results, apparently per google Dharavi is the only slum in mumbai which is not the case.

Even when the challs which decided to renew themselves by their own did not succeed.
Bhendi Bazar started a big project to remodernism and had plan to make 300 mtr plus building. Only one side of the whole plot is having any work going on rest of the bazar is still old stinky and shady place.
This project started because the people here are Bohra Muslims which are somewhat pro-BJP but once BJP govt was out of power in MaHa again it went to sleep.

 

[Haldilal]

what people do with their money is not our problem.

Ya'll Nibbiars Loosing Tax is also a not problem right?.

 

[SKC]

Ya'll Niibiars only Mumbai Has a large Scale Slum Rehabaltion Scheme for both private and Public land's but Delhi AK has made every Illegal colony into a vote Bank which will be the death bed of Delhi growth and the whole region.

Delhi ka to pucho hi mat. It is going to become sh*thole within a decade and all thanks to Saad Ji.
A decade back, Delhi was looking like it will become like any western city. But not after 6-7 years of misrule and mismgmt, whole Delhi is becoming a Illegal colony.

 

[Haldilal]

Even when the challs which decided to renew themselves by their own did not succeed.
Bhendi Bazar started a big project to remodernism and had plan to make 300 mtr plus building. Only one side of the whole plot is having any work going on rest of the bazar is still old stinky and shady place.
This project started because the people here are Bohra Muslims which are somewhat pro-BJP but once BJP govt was out of power in MaHa again it went to sleep.

Ya'll Nibbiars Null Bazaar and the Charni Road Reverlopment is happening.

 

[Haldilal]

Ya'll Nibbiars 25 years ago we lost the corner plot to government road widening project. And at that time They didn't pais the average market rates when they snatched the land, they just taken it and paid some token resettlement amount which is 1/10 the land value. When was the last time they did road widening by demolishing illegal slum encroachments? unko toh slum regularize kar ke de rahe hai, aur jisne imaandari se paperwork kar ke jameer khareedi uski jameen le lete hai. Well atleats now they pay upto certain percentage of the market rate which good than the earlier 10 percent compensation.

 

[ezsasa]

Ya'll Nibbiars Loosing Tax is also a not problem right?.

if the choice is between cash circulation and taxation, I would rank cash circulation higher priority than taxation. Taxation is impacted by currency circulation, more the money keeps flowing more the tax collection.

one generation of urban folks might get away with not paying taxes, second generation will definitely get caught in tax net one way or the other. It’s a waiting game, without disturbing the cash circulation in the economy.

 

[Haldilal]

if the choice is between cash circulation and taxation, I would rank cash circulation higher priority than taxation. Taxation is impacted by currency circulation, more the money keeps flowing more the tax collection.

one generation of urban folks might get away with not paying taxes, second generation will definitely get caught in tax net one way or the other. It’s a waiting game, without disturbing the cash circulation in the economy.

Ya'll Nibbiars I will give once such example's where the two generation can get away with taxation money will circulate with or without taxation but taxation losess to the Ex Checker's are a burden for the Middle Class honestly paying taxes.

As I already told this The poor (hate to say it but Rahul Gandhi was right), poverty is a state of mind. They have a grander-than-reality vision of themselves. They have a wishlist ready even before the money hits their bank, so they never retain anything that comes their way. Our neighbor's maid thought it necessary to buy her kid a KTM Duke 390, while her employer with several extra X00's in his bank hesitates to buy an Activa for his kid. This same neighbor will go on to take a 50L loan and sponsor his kid's MS, while the maid's kid will drop out of his arts degree and zoom around on his bike with spiked hair while the maid will spend her life complaining how fate has made them poor and that Parmeshwar has blessed everyone else. When Parmeshwar gives you 3L, you buy a KTM instead of buying a STEM seat for your son. Your own chutiyagiri has kept you poor. And after that the same kid buys a Ertiga for the CV paying and taken loans from the co opertiave society which later gone into the liquidations and the Middle class tax payers have to take the burden. And also lose the saving's and RBI Play's idiot's. And that kid is now playing the Victim Card for the own Incompetence blaming Modi.

 

[ezsasa]

Ya'll Nibbiars I will give once such exams where the two generation can get away with taxation money will circulate with or without taxation but taxation losess to the Ex Checker's are a burden for the Middle Class honestly paying taxes.

As I already told this The poor (hate to say it but Rahul Gandhi was right), poverty is a state of mind. They have a grander-than-reality vision of themselves. They have a wishlist ready even before the money hits their bank, so they never retain anything that comes their way. Our neighbor's maid thought it necessary to buy her kid a KTM Duke 390, while her employer with several extra X00's in his bank hesitates to buy an Activa for his kid. This same neighbor will go on to take a 50L loan and sponsor his kid's MS, while the maid's kid will drop out of his arts degree and zoom around on his bike with spiked hair while the maid will spend her life complaining how fate has made them poor and that Parmeshwar has blessed everyone else. When Parmeshwar gives you 3L, you buy a KTM instead of buying a STEM seat for your son. Your own chutiyagiri has kept you poor. And after that the same kid buys a Ertiga for the CV paying and taken loans from the co opertiave society which later gone into the liquidations and the Middle class tax payers have to take the burden. And also lose the savings and RBI Play's idiot's.

yes mate, I am not disagreeing with you on anything. Just giving a different perspective on state of affairs.

Direct tax is not the only form of tax, there is indirect tax too. As long as people keep buying things, tax revenues are sustained, this is why sustaining currency circulation is necessary. Taxman may not get 20₹ from some people, but atleast he is getting 10₹.

Only thing we can do is to keep electing people who intend to add more people to tax net. It’s atleast a 30 year process.

 

[Haldilal]

yes mate, I am not disagreeing with you on anything. Just giving a different perspective on state of affairs.

Direct tax is not the only form of tax, there is indirect tax too. As long as people keep buying things, tax revenues are sustained, this is why sustaining currency circulation is necessary.

Only thing we can do is to keep electing people who intend to add more people to tax net. It’s atleast a 30 year process.

Ya'll Nibbiars my prespective is taking the Unaccounted economy into the Accounted economy and making a case for the export. Modi has done one thing the other thing needs to be done. And it's need to be done within this two years or the whole risk taken for the Demonization will go fully out of any use. Only exports can get our growth to the double dight.

 

[Haldilal]

Ya'll Nibbiars I will again say this give PLI to more specific export Unit's and not just a blanket PLI. This will give us higher taxation's and returns in the long term. And the exports gives you higher margins for the profit's, taxation's and higher scope for the reinvestment and better urination of the monetary asset's. There are export unit's at the Costal AP and Chennai OMR's region's which were not even at the 33 percent capacity before the Chinese Viru's.

 

[ezsasa]

Ya'll Nibbiars my prespective is taking the Unaccounted economy into the Accounted economy and making a case for the export. Modi has done one thing the other thing needs to be done. And it's need to be done within this two years or the whole risk taken for the Demonization will go fully out of any use. Only exports can get our growth to the double dight.

don’t hold your breath mate, might as well get into habit of being thankful for things that happened already rather than things not happened.

Chinese virus has derailed many small gears which keep the economy engine running.

Current top priority is to come out of this virus period with as less damage as possible.

 

[Haldilal]

don’t hold your breath mate, might as well get into habit of being thankful for things that happened already rather than things not happened.

Chinese virus has derailed many small gears which keep the economy engine running.

Current top priority is to come out of this virus period with as less damage as possible.

Ya'll Nibbiars refocusing on the export has worked as already shown in the April and May data. Export when compared to the 2019 expanded in double digit for the merchandise. At around 15 to 20 percent. And if maintained this movement can create a great case for the export's.

 

[ezsasa]

Ya'll Nibbiars refocusing on the export has worked as already shown in the April and May data. Export when compared to the 2019 expanded in double digit for the merchandise. At around 15 to 20 percent. And if maintained this movement can create a great case for the export's.

yesterday I was having a look at UK export import numbers, they export 800 billion $ of goods & services. Such a tiny country with limited workforce, yet 800 billion $. trick seems to be in kind of exports they are doing, mainly to EU & US. these are high level observations, haven’t gone into depth yet.

Nationwide debate of quality of exports must begin as early as possible.

 

[Haldilal]

Ya'll Nibbiars We already have the Nano Tech based Fertilizers as tested back in the 2019. And now the liquid Fertilizer's. And at this rate could be self sufficient in the Fertilizers in 2 to 3 year's. With the capacity and technology in the Fertilizers expanded.