Tracking Indian Economy till general elections 2019

[Bhoot Pishach]

@YagamiLight @Sakal Gharelu Ustad What do you think about the Common Man who is toiling in Farms, Streets, Small Shops??? Do they lost faith in present Indian Government??

Or these People without Brains???

Do just because GDP numbers for Couple of Quarters have fallen the Last Man Standing has lost faith in Government???

These People are much-much wiser in exercising their democratic rights and electing their Political Leaders, then what we middle class people ever capable of.

These people are wise enough to understand who is good for them and who is just fooling them. They very well understands who is acting in good faith and good intent, and who is bickering just to create the raucous.

Despite Tons of propaganda against Demonetisation and GST, common man understands the ground reality. They know this government is acting in good faith and with good intent for the country.

The Democracy in India is flourishing because of these People. Heck, Middle Class never respects his Democratic Right of Voting, and is always reluctant using it. But they is always bickering about the prevailing political and economic situation.

After Demonetisation Uttar Pradesh results showed intent of Common men and now Village Panchayat Results in Maharashtra divulging the same JUST TWO MONTHS AFTER THE DISASTER OF "GST", WHICH CRIPPLED INDIAN "ECONOMY" WHICH RESULTED IN "MASS BUSINESS CLOSERS" WHICH RESULTED IN "MASSIVE JOB LOSSES FOR THE COMMON MEN".

Here are the results from ongoing Panchayat Elections in Maharashtra. BJP is clinching its Biggest ever Victory in Maharashtra.

The Common men has awarded BJP MORE THEN DOUBLE SEATS, THEN REST OF THE OPPOSITION COMBINED.

In first phase of Election BJP Won 1457 Seats, out of 2974 results declared.

All Opposition Combined 717 = Congress(301) + SS(222) + NCP (194).

Kindly note this victory is in Traditional Area of Congress & NCP which is Marathwada, North Maharashtra, Vidarbha.

http://www.india.com/news/india/mah...rathwada-narendra-modi-congratulates-2524122/

Maha Gram Panchayat Polls: BJP Makes Big Gains in Congress-NCP Bastion Marathwada

Updated: October 10, 2017 11:24 AM IST

Mumbai, Oct 10: Bharatiya Janata Party (BJP), under the leadership of Chief Minister Devendra Fadnavis, made massive gains in Maharashtra’s Marathwada region, traditionally seen as Congress-NCP bastion. According to the election results of Maharashtra gram panchayat polls in the first phase, the BJP won the most number of rural bodies in all eight districts of Marathwada. Prime Minister Narendra Modi took to Twitter and hailed the victory of the BJP.

In the first phase, the gram panchayat elections were held in all eight districts of Marathwada namely Aurangabad, Beed, Latur, Osmanabad, Nanded, Parbhani, Jalna and Hingoli. Out of the 90 gram panchayats in Aurangabad district, the BJP captured 72 rural bodies. In Beed district, the BJP won 203 gram panchayats out of the 356 bodies. It bagged 163 gram panchayats out of 272 in Jalna and 151 out of 250 in Latur for which the results were declared.

Hailing the victory of the BJP, PM Narendra Modi wrote,”Wonderful victory of BJP in rural areas shows the unwavering support of the farmers, youth & poor for BJP’s development agenda.” I congratulate @BJP4Maharashtra, @Dev_Fadnavis and @raosahebdanve for the impressive performance in Gram Panchayat polls across the state,” he added.

The BJP continued its winning streak in North Maharashtra and Vidharbha as well, except in Buldhana district where the Congress emerged victorious. The party made impressive gains in Jalgaon, Nandurbar and Dhule districts of North Maharashtra and emerged victorious in Vidharbha’s Yavatmal, Washim and Akola districts. It emerged as single largest party a majority of gram panchayats in Nashik and Ahmednagar districts as well.

In the first phase on 7 October, 3,884 gram panchayats went to polls out of which election results of 2,974 bodies were declared on Monday. Out of 2,974 gram panchayats, the BJP won 1,457, while the Congress captured 301 rural bodies. The Shiv Sena bagged 222 and the NCP got 194.

Polling for 3,692 gram panchayats spread over 16 districts of Maharashtra in the second phase would be held on 14 October. Counting of votes will take place on 16 October.

 

[Sakal Gharelu Ustad]

@YagamiLight @Sakal Gharelu Ustad What do you think about the Common Man who is toiling in Farms, Streets, Small Shops??? Do they lost faith in present Indian Government??

Or these People without Brains???

Do just because GDP numbers for Couple of Quarters have fallen the Last Man Standing has lost faith in Government???

These People are much-much wiser in exercising their democratic rights and electing their Political Leaders, then what we middle class people ever capable of.

These people are wise enough to understand who is good for them and who is just fooling them. They very well understands who is acting in good faith and good intent, and who is bickering just to create the raucous.

Despite Tons of propaganda against Demonetisation and GST, common man understands the ground reality. They know this government is acting in good faith and with good intent for the country.

The Democracy in India is flourishing because of these People. Heck, Middle Class never respects his Democratic Right of Voting, and is always reluctant using it. But they is always bickering about the prevailing political and economic situation.

After Demonetisation Uttar Pradesh results showed intent of Common men and now Village Panchayat Results in Maharashtra divulging the same JUST TWO MONTHS AFTER THE DISASTER OF "GST", WHICH CRIPPLED INDIAN "ECONOMY" WHICH RESULTED IN "MASS BUSINESS CLOSERS" WHICH RESULTED IN "MASSIVE JOB LOSSES FOR THE COMMON MEN".

Here are the results from ongoing Panchayat Elections in Maharashtra. BJP is clinching its Biggest ever Victory in Maharashtra.

The Common men has awarded BJP MORE THEN DOUBLE SEATS, THEN REST OF THE OPPOSITION COMBINED.

In first phase of Election BJP Won 1457 Seats, out of 2974 results declared.

All Opposition Combined 717 = Congress(301) + SS(222) + NCP (194).

Kindly note this victory is in Traditional Area of Congress & NCP which is Marathwada, North Maharashtra, Vidarbha.

http://www.india.com/news/india/mah...rathwada-narendra-modi-congratulates-2524122/

Maha Gram Panchayat Polls: BJP Makes Big Gains in Congress-NCP Bastion Marathwada

Updated: October 10, 2017 11:24 AM IST

Mumbai, Oct 10: Bharatiya Janata Party (BJP), under the leadership of Chief Minister Devendra Fadnavis, made massive gains in Maharashtra’s Marathwada region, traditionally seen as Congress-NCP bastion. According to the election results of Maharashtra gram panchayat polls in the first phase, the BJP won the most number of rural bodies in all eight districts of Marathwada. Prime Minister Narendra Modi took to Twitter and hailed the victory of the BJP.

In the first phase, the gram panchayat elections were held in all eight districts of Marathwada namely Aurangabad, Beed, Latur, Osmanabad, Nanded, Parbhani, Jalna and Hingoli. Out of the 90 gram panchayats in Aurangabad district, the BJP captured 72 rural bodies. In Beed district, the BJP won 203 gram panchayats out of the 356 bodies. It bagged 163 gram panchayats out of 272 in Jalna and 151 out of 250 in Latur for which the results were declared.

Hailing the victory of the BJP, PM Narendra Modi wrote,”Wonderful victory of BJP in rural areas shows the unwavering support of the farmers, youth & poor for BJP’s development agenda.” I congratulate @BJP4Maharashtra, @Dev_Fadnavis and @raosahebdanve for the impressive performance in Gram Panchayat polls across the state,” he added.

The BJP continued its winning streak in North Maharashtra and Vidharbha as well, except in Buldhana district where the Congress emerged victorious. The party made impressive gains in Jalgaon, Nandurbar and Dhule districts of North Maharashtra and emerged victorious in Vidharbha’s Yavatmal, Washim and Akola districts. It emerged as single largest party a majority of gram panchayats in Nashik and Ahmednagar districts as well.

In the first phase on 7 October, 3,884 gram panchayats went to polls out of which election results of 2,974 bodies were declared on Monday. Out of 2,974 gram panchayats, the BJP won 1,457, while the Congress captured 301 rural bodies. The Shiv Sena bagged 222 and the NCP got 194.

Polling for 3,692 gram panchayats spread over 16 districts of Maharashtra in the second phase would be held on 14 October. Counting of votes will take place on 16 October.

RBI consumer confidence survey takes both rural/urban respondents. The whole survey shows a fall.

It covers your aam aadmi.

_______________________________________________________

And I am not saying BJP cant win election after doing bad on economy. It might still be awarded for killing businesses because for a lot of Indians businesses are thief!!

 

[Bhoot Pishach]

RBI consumer confidence survey takes both rural/urban respondents. The whole survey shows a fall.

It covers your aam aadmi.

_______________________________________________________

And I am not saying BJP cant win election after doing bad on economy. It might still be awarded for killing businesses because for a lot of Indians businesses are thief!!

Sirji Statistics can lie.
(Reason can be numerous, Faulty Data Collection, Wrong Method Applied, Abrasions which were not discounted while making Calculation).

But Direct Poll (Voting) can never be wrong (unless Elections are RIGGED).

If RBI Data Collection is Correct then ELECTIONS ARE RIGGED.

Thank You.

 

[Khagesh]

Sorry but BJP can win elections even after doing badly on economy. But so did Laloo.

Anyway here is more on the shell companies list:

http://www.livemint.com/Money/GBCC8...n-of-directors-hits-500-listed-companies.html

“While most of (the) firms are small with suspended share trading, about 50 companies impacted are larger companies and are in BSE top 500,” said the second person cited earlier.

“Any action on directors of unlisted companies could have a spillover impact on the listed company space if they share common directors. While the Companies Act is seemingly ambiguous on whether these disqualified directors can continue to hold other functioning directorships, if and when these directors are asked to vacate their offices, it will step up demand for qualified directors from here on,” said Nikhil Bedi, leader (forensic practice), Deloitte India.

 

[Bhoot Pishach]

“While most of (the) firms are small with suspended share trading, about 50 companies impacted are larger companies and are in BSE top 500,” said the second person cited earlier.
“Any action on directors of unlisted companies could have a spillover impact on the listed company space if they share common directors. While the Companies Act is seemingly ambiguous on whether these disqualified directors can continue to hold other functioning directorships, if and when these directors are asked to vacate their offices, it will step up demand for qualified directors from here on,” said Nikhil Bedi, leader (forensic practice), Deloitte India.

Now the Chickens are coming home to roost.

All these MOOTA AADMI till now "SARI DUNIYA MERI ZEEB MAIN".

And now "HOW CAN YOU DO THIS TO ME".

All Wrong doers must be held accountable for what they have done.

What's wrong in it????

 

[Sakal Gharelu Ustad]

Sirji Statistics can lie.
(Reason can be numerous, Faulty Data Collection, Wrong Method Applied, Abrasions which were not discounted while making Calculation).

But Direct Poll (Voting) can never be wrong (unless Elections are RIGGED).

If RBI Data Collection is Correct then ELECTIONS ARE RIGGED.

Thank You.

That is making assumption that economy completely drives elections. Had it been the case, congress would not have ruled 60 yrs.

 

[Khagesh]

Now the Chickens are coming home to roost.

All these MOOTA AADMI till now "SARI DUNIYA MERI ZEEB MAIN".

And now "HOW CAN YOU DO THIS TO ME".

All Wrong doers must be held accountable for what they have done.

What's wrong in it????

People are getting harrassed for what they have not done. And the Ministry is actually not even listening.

It is a case of giving retrospective effect to laws, over-riding parliamentary laws by subordinate agencies, natural justice and a whole lot of technicalities.


http://www.business-standard.com/ar...fying-individual-director-117093000447_1.html
Madras HC stays RoC order disqualifying individual director
RoC had disqualified him on Sept 8 for being on the board of some other companies that hadn't filed return continuously for three years
Gireesh Babu | Chennai Last Updated at September 30, 2017 17:17 IST

He argued that the new regulation disqualifying a company if it fails to file annual returns for three financial years, as per Section 164 of the Companies Act, 2013, came into effect only on April 1, 2014 and the time limit to diqualify companies under this would start only after October 30, 2017. The argument is that the three years from April 2014, would fall only by the end of March 31, 2017 and that the last date for filing annual return for the fiscal 2016-17 -- the third year from implementation of the new Act -- is October 30, 2017.

The order of Registrar of Companies, Chennai, disqualifying the director without giving him any opportunity of being heard is against the provisions of the Act, argued Kumarpal R Chopra, corporate lawyer and partner of Mitraa Legal, Ganapathi's counsel. Chopra said around 45,000 inviduals/directors in Chennai alone were affected due to the Registrar's action in similar matters.

 

[Project Dharma]

Home is best seen as just home.

Home or property is a liability until the loan is not paid.

-----------------------------------------------------------

True but why would you take on that liability if you can buy it for cheaper in three years? A 65 Lakh flat will cost 57.65 Lakhs even if the price stays the same assuming a 4% inflation rate (RBI target).

Actually, wait a property is not a liability until the loan is paid. The lien on the property is a liability, the property is an asset. Asset-Liability = Equity

Overtime a home buyer hopes that the value of the asset will go up and the liability will go down as they pay down the house.

Otherwise in the current scenario if you expect housing to stay flat or contract it is a very bad asset to get a loan on specially considering the absurd rates of interest.

 

[Sakal Gharelu Ustad]

True but why would you take on that liability if you can buy it for cheaper in three years? A 65 Lakh flat will cost 57.65 Lakhs even if the price stays the same assuming a 4% inflation rate (RBI target).

Actually, wait a property is not a liability until the loan is paid. The lien on the property is a liability, the property is an asset. Asset-Liability = Equity

Overtime a home buyer hopes that the value of the asset will go up and the liability will go down as they pay down the house.

Otherwise in the current scenario if you expect housing to stay flat or contract it is a very bad asset to get a loan on specially considering the absurd rates of interest.

In a perfect market- net value of house is zero.

Total liability when you purchase (loan raised from bank) = House Value (Asset Value) - Downpayment

Unless you have private information or are just lucky, housing would not pay much return. Housing has paid return till now because Asset Value of house increased in comparison to inflation and other financial instruments.

But India will become like west now. In most areas, housing will pay zero returns!

 

[Akshay Fenix]

RBI consumer confidence survey takes both rural/urban respondents. The whole survey shows a fall.

It covers your aam aadmi.

_______________________________________________________

And I am not saying BJP cant win election after doing bad on economy. It might still be awarded for killing businesses because for a lot of Indians businesses are thief!!

Ummm it covers 5000 people only, coverning just major business hubs.

 

[Project Dharma]

In a perfect market- net value of house is zero.

Total liability when you purchase (loan raised from bank) = House Value (Asset Value) - Downpayment

Unless you have private information or are just lucky, housing would not pay much return. Housing has paid return till now because Asset Value of house increased in comparison to inflation and other financial instruments.

But India will become like west now. In most areas, housing will pay zero returns!

Do you mean zero real returns or absolute returns?

Home prices in America (which does not define the whole West) have at least kept up with inflation over the last 100 years although stocks have done much better.

Again, going back to the OP to whom I was responding, if they stay flat (0% absolute return) why would anybody buy a house today when you know you can get the same house for cheaper down the line?

Also, I didn't follow what you meant by "net value of house is zero". Can you please explain?

 

[Bhoot Pishach]

That is making assumption that economy completely drives elections. Had it been the case, congress would not have ruled 60 yrs.

Changing Goal Post???

Ok.

BJP won because:

1) Majority of Voters are : Ghanchi Teli - Same Cast as what Modi is. BJP is using Cast Factor.

2) BJP has Started Constructing RAM MANDIR at Shri Ram Lala Janma Sthal. BJP is using Communal Card.

3) Central Govt. led by BJP has made drastic changes in MGNREGA: Now People who want to avail this scheme has now only have to register AND DO NOT NEED TO WORK ALL MONTHLY PAYMENT WILL BE TRANSFERRED TO THEIR BANK ACCOUNTS.

4) BJP has provided Quota of Reservations to BRAHMINS, VAISHYAS who form 80% of the Population. BJP is using MANDAL to Win Elections.

5) BJP is a JUMLA PARTY - They are winning elections by coining new-new JUMLAS like: "GARIBI HATAO" ; "KHOON KI HOLI" ; "MAUT KA SAUDAGAR" ; "BHAGWA AATANKWAD".

The reply been given in the same coin. (Jaisa tera gaana vaisa mera bajana).

HOPE THIS REPLY SATISFY YOUR GOOD SELVES.

THANK YOU.

 

[PD_Solo]

Changing Goal Post???

Ok.

BJP won because:

1) Majority of Voters are : Ghanchi Teli - Same Cast as what Modi is. BJP is using Cast Factor.

2) BJP has Started Constructing RAM MANDIR at Shri Ram Lala Janma Sthal. BJP is using Communal Card.

3) Central Govt. led by BJP has made drastic changes in MGNREGA: Now People who want to avail this scheme has now only have to register AND DO NOT NEED TO WORK ALL MONTHLY PAYMENT WILL BE TRANSFERRED TO THEIR BANK ACCOUNTS.

3) BJP has provided Quota of Reservations to BRAHMINS, VAISHYAS who form 80% of the Population. BJP is using MANDAL to Win Elections.

4) BJP is a JUMLA PARTY - They are winning elections by coining new-new JUMLAS like: "GARIBI HATAO" ; "KHOON KI HOLI" ; "MAUT KA SAUDAGAR" ; "BHAGWA AATANKWAD".

The reply been given in the same coin. (Jaisa tera gaana vaisa mera bajana).

HOPE THIS REPLY SATISFY YOUR GOOD SELVES.

THANK YOU.

5) BJP providing better quality booze and meals than predecessors for pre poll workout.

Sent from my XT1562 using Tapatalk

 

[Bhoot Pishach]

People are getting harrassed for what they have not done. And the Ministry is actually not even listening. It is a case of giving retrospective effect to laws, over-riding parliamentary laws by subordinate agencies, natural justice and a whole lot of technicalities.
http://www.business-standard.com/ar...fying-individual-director-117093000447_1.html
Madras HC stays RoC order disqualifying individual director
RoC had disqualified him on Sept 8 for being on the board of some other companies that hadn't filed return continuously for three years
Gireesh Babu | Chennai Last Updated at September 30, 2017 17:17 IST

Do this GENTLE MAN even understand definition of "DIRECTOR" ????

And the Duties and Responsibilities of a Director????

All said and Well Done!!

Thank you for posting such crappy article SUPPORTING A PERSON FOR WHOM TILL NOW "SAARI DUNIA MERI ZEEB MAIN".

For your kind perusal

Responsibility of Directors:

The duties and responsibilities of directors stipulated by the Indian Companies Act of 2013, can broadly be classified into the following two categories: ---

The duties and liabilities which encourage and promote the sincerest investment of the best efforts of directors in the efficient and prudent corporate management, in providing elegant and swift resolutions of various business-related issues including those which are raised through "red flags", and in taking fully mature and wise decisions to avert unnecessary risks to the company.

[ii] Fiduciary duties which ensure and secure that the directors of companies always keep the interests of the company and its stakeholders, ahead and above their own personal interests.

The following duties and liabilities have been imposed on the directors of companies, by the Indian Companies Act of 2013, under its Section 166: ---

• A director of a company shall act in accordance with the Articles of Association (AOA) of the company.

• A director of the company shall act in good faith, in order to promote the objects of the company, for the benefits of the company as a whole, and in the best interests of the stakeholders of the company.

• A director of a company shall exercise his duties with due and reasonable care, skill and diligence and shall exercise independent judgment.

• A director of a company shall not involve in a situation in which he may have a direct or indirect interest that conflicts, or possibly may conflict, with the interest of the company.

• A director of a company shall not achieve or attempt to achieve any undue gain or advantage either to himself or to his relatives, partners, or associates and if such director is found guilty of making any undue gain, he shall be liable to pay an amount equal to that gain to the company.

• A director of a company shall not assign his office and any assignment so made shall be void.

• If a director of the company contravenes the provisions of this section such director shall be punishable with fine which shall not be less than one Lakh Rupees but which may extend to five Lac Rupees.

 

[Bornubus]

https://www.altnews.in/bjp-cells-attempt-use-nobel-winners-name-endorse-demonetisation-backfires/

 

[Sakal Gharelu Ustad]

Do you mean zero real returns or absolute returns?

Home prices in America (which does not define the whole West) have at least kept up with inflation over the last 100 years although stocks have done much better.

View attachment 20818


Again, going back to the OP to whom I was responding, if they stay flat (0% absolute return) why would anybody buy a house today when you know you can get the same house for cheaper down the line?

Also, I didn't follow what you meant by "net value of house is zero". Can you please explain?

If everyone knows that house price will be 2x tomorrow and not x, the prices of that house will go up immediately and reflect the gains to be made tomorrow.

Net Value = asset (house) - liability (loan) = 0

That is how any balance sheet should look like. Now if you know more than me about future, then net value might be positive. Say- you know tomorrow oil rig will be discovered under it but not me. Then

Net value = asset (house) - liability (loan) + oil value > 0

Oil value is just an example. Can be anything.

 

[Sakal Gharelu Ustad]

Changing Goal Post???

Ok.

BJP won because:

1) Majority of Voters are : Ghanchi Teli - Same Cast as what Modi is. BJP is using Cast Factor.

2) BJP has Started Constructing RAM MANDIR at Shri Ram Lala Janma Sthal. BJP is using Communal Card.

3) Central Govt. led by BJP has made drastic changes in MGNREGA: Now People who want to avail this scheme has now only have to register AND DO NOT NEED TO WORK ALL MONTHLY PAYMENT WILL BE TRANSFERRED TO THEIR BANK ACCOUNTS.

4) BJP has provided Quota of Reservations to BRAHMINS, VAISHYAS who form 80% of the Population. BJP is using MANDAL to Win Elections.

5) BJP is a JUMLA PARTY - They are winning elections by coining new-new JUMLAS like: "GARIBI HATAO" ; "KHOON KI HOLI" ; "MAUT KA SAUDAGAR" ; "BHAGWA AATANKWAD".

The reply been given in the same coin. (Jaisa tera gaana vaisa mera bajana).

HOPE THIS REPLY SATISFY YOUR GOOD SELVES.

THANK YOU.

Where did I change goal post?

Stupid economic policies win electoral votes. Actually they win votes everywhere. What does poor want? Robbing from peter to pay paul.

 

[Bhoot Pishach]

Where did I change goal post?

Stupid economic policies win electoral votes. Actually they win votes everywhere. What does poor want? Robbing from peter to pay paul.

Sirji,

Whether you like it or not, something about this Govt. is hit with the masses.

Can you deduce what is that?

This will provide insight on, what this Govt. is doing significantly different then its predecessors.

After establishing the difference, we will search who is peter and who is paul.

 

[Project Dharma]

If everyone knows that house price will be 2x tomorrow and not x, the prices of that house will go up immediately and reflect the gains to be made tomorrow.

Net Value = asset (house) - liability (loan) = 0

That is how any balance sheet should look like. Now if you know more than me about future, then net value might be positive. Say- you know tomorrow oil rig will be discovered under it but not me. Then

Net value = asset (house) - liability (loan) + oil value > 0

Oil value is just an example. Can be anything.

Well usually that "oil value" is supply demand right? Plus increase in expenses in constructing a similar house. Plus how much does a similar house rent for nearby? Plus how much can I save using a mortgage interest deduction (America specific).

 

[Sakal Gharelu Ustad]

Sirji,

Whether you like it or not, something about this Govt. is hit with the masses.

Can you deduce what is that?

This will provide insight on, what this Govt. is doing significantly different then its predecessors.

After establishing the difference, we will search who is peter and who is paul.

It has luck on its side. But luck runs out!!