AB

the write-up is good, I just wanted to hear from experts about the impacts of This so called masterstroke. But no one can predict the outcome. I think common people are not getting involved in the big governance issues of black money, Terror funding and all those bla bla. He is not responsible for parallel economy. Then who give us right to make him helpless, make him pay taxes for small mistakes(?) he have done. What is point to curb , crush this common man and unorganized industry sector for not their fault?. All financial issues and cash flow problems are policy makers mistakes. They should have solved them without touching common persons pocket. But creatively Modi sir have put his hand in the pocket and trying to extract as much possible from it. His heart touching speeches are holding people from reacting strongly , but how long they can be hold?
This is clearly a step to curb banks cash crunch situation, bad assets problem. Govt dont want to touch those who have not repaid the large loans from banks, instead it trying to get in cash from common people. But I fear about banks , what will happen if people dont ask them for new loans, will they be in a position to pay salaries?

Brilliant Writeup...

Kudos to you Ankit..

Keep it up...

Very strange conclusion on cashless economy basis crorepati taxi driver case. This is a problem of posting an entry, not that of cashless economy. Else One can counter saying that a lot of people get killed or robbed for cash, so cash should be banned, something that is quite illogical.

Hi Ankit Shah
I have read your 5 minute wrap up on" Modi's creative Destruction'and felt very sad to hear such negative comments from highly educated and young person like you.

It is common sense that any big bang disruption to root out corruption and black money will entail some hardships to not only common man but also rich and neo-rich like you and political leaders. You have forgotten those days when you used to travel by train in crowded second class to go to your college or your office and eate vada-pav for lunch. Now I know you have cushy job and you are making this analysis sitting in an air conditioned office and quoting " Darwin." You have forgotten the struggles you yourself gone through those days.

You are also like any politician,arguing for the ordinary man but people are wise enough recognize hollowness of your arguments.

You and Mr Vivek Paul have the same mind set and do not provide any constructive suggestions to mitigate the hardships real or imagined.

Suggest you and other colleagues change your thinking objectively and come to the main stream help the nation to root out evils of black money economy.

Tanks & regards

You are also like any political leader, in the name of comon man

Rahul it is always interesting to read your articles on 5 min premium wrap up as they normally cover current and interesting topics comprehensively also considering its impact on relevant shares or sector.
Hence, it is disappointing when you send IPO recommendations on it. We look forward to more meaningful and analytical articles.

If one has a tumour and a part of it is cut off, will it cure cancer? This is exactly what demonitazation is doing. Modi has done this purely for political benefits, not for country. By taking only the following steps, much better results could be achieved without such a large scale destruction.
1. He should clean up his own home first. If he can kill corruption of government employees and his fellow politicians, half of the problems will be solved.
2. Promote payment of taxes by giving incentives to tax payers. Less than 3% of Indian pay income tax, what can he achieve by squeezing out more and more from small number of people. And on the other hand there are some sections that do not have any income tax e.g. even high agriculture income is not taxable. Many times I ask myself that I pay so much of tax, but I am not able to get even basic facilities like good medical care from government, as my friends in other countries get.
3. Instead of taxing income so much, consumption should be taxed.
By taking small steps he could easily cure the problem, but it would not give him immediate political milage, so the result is that he drop a bomb on Indian citizens.