Indian Economy Talk Snippets

GST: Largest Ever Tax Reform Paved The Way For Uniform Tax Regime

We had a very complicated indirect tax system. It was indeed so complicated that it was more easy for Mumbai to trade with Shanghai or London, than it was for Mumbai to trade with Delhi. Now this is not a new problem that I have just discovered. This was clearly known to be an issue when I was in high school. And we kept debating this. As many of you know I am from Kolkata, so you can imagine we really debated it. Now, having debated it for all these decades, what did we do? We arrived we everybody agreeing that some sort of a GST thing needed to be done. And yet, we kept debating, oh my god, we need to change this, we need to standardize that, we need to improve this, we need to prepare more. But the fact of the matter is, when you are introducing such major major changes, and this was going to be the largest tax reform we have ever attempted. In fact one of the largest ever in the world.

We’ve actually never knew till we had done it, what was going to happen. So in fact the only way to find out what was going to happen, was to do it. And that is precisely what we did in July 2017. We were very often told if only you had waited another 6 months, and done more planning it would have worked better. But in fact, none of the things that the experts told that would go wrong went wrong. But there are many things that did go wrong. Nobody told us that the error correction button in the website will not work. Nobody told us that the real problem was going to be the refunds to the exporters. The only way to have therefore found out, was to have done it. And in fact, the people who, GST council and the others wo were implementing this, were fully aware that when it was going to be first introduced for the first three months there would be lots of problems and probably wouldn’t work at all. And that’s precisely what happened. Then few months later, it somewhat worked, and then it worked a little bit better, and now a year and a half later I can say we have a system, that by a large works, in fact it works reasonably well, and without doubt is a dramatic improvement on what used to be there before.

Now this does not mean that system cannot be improved upon, we can keep improving on it. In fact, Finance Minister himself has said that over a period of time perhaps this middle two rates will probably be merged into something, so we will have fewer slabs, and so on and so forth. But it is very very likely, that 50 years from now, we will still be using some similar framework. And we have shifted on to this framework, we can keep improving it, but for all time basically that I can see that we will be using this unified framework. So this is done.

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Medieval History Miscellaneous

The legacy of loyalty by the great Mughals 

Courtesy: https://twitter.com/mumukshusavitri/status/1532261065207074817?s=24&t=rsnv1Gu82ULo9uO982zZig

1 The Mughal emperor Humayun blinded his own brother Kamran & murdered his brothers Askari and Hindal.

2 Akbar the “great” killed his own foster brother Adham Khan by throwing him down from the palace walls at Agra, in 1562. Akbar’s murder of Adham Khan was illustrated in the Akbarnama by the Mughal court artists Miskin and Shankar.

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3 Jahangir cruelly blinded his own son Khusrau as his father Akbar wanted his grandson as heir, because Jahangir was an alcoholic & drug addict. Khusrau was captured, put on an elephant & paraded down Chandni Chowk, while his kinsmen were held at knife-point on raised platforms.

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4 As the elephant approached each platform, each supporter was impaled on a stake (through his bowels), while Khusrau was forced to watch & listen to the screams. This was repeated numerous times, then Khusrau was blinded by his father Jahangir in…

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Ancient History History Maritime History Medieval History Miscellaneous

India-China Conflict: India’s Victory of 1967 and the 2020 Clash #Sangam Talk By Probal DasGupta

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The Indian army veteran and author of Watershed 1967: India’s forgotten victory over China, Probal DasGupta talks of the Indo-China relations, particularly the lesser known incidents of 1967. The present standoff in Ladakh has raised questions of war and has brought up the historic narrative between the two countries. today. For fifty years, the event that dominated our memories was the 1962 India-China war, which India lost. However, the present crisis has focused on India’s victory over China in 1967. Probal’s book Watershed 1967 has played a significant role in reshaping the India-China narrative. In this talk he discusses China’s motives and India’s options today, and how 1967 is relevant in the current India-China skirmishes.

About the Speaker:

Probal DasGupta is an Indian army veteran and author…

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Ancient History History Maritime History Medieval History Miscellaneous

Weapons from Punjab and Rajasthan seized in Maharashtra

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While the Hanuman Chalisa and Azaan issue is simmering in Maharashtra huge batches of Swords and other weapons transported from states like Rajasthan and Punjab are being seized in Maharashtra. In last few days three such cases have been registered by Maharashtra police. Isn’t it a clear message that violence is knocking on the door? The rioters being celebrated and awarded in Karnataka and the long list of benefiters from Karauli riots convey the same! Wake up Hindus!

Source: https://www.naidunia.com

Maharashtra के धुले में मिला हथियारों का जखीरा, तलवार और खंजर समेत 90 हथियार जब्त, 4 आरोपी गिरफ्तार। अजान को लेकर राज ठाकरे की होने वाली सभा के लिए, राजस्थान से भेजी जा रही थीं तलवारें।

महाराष्ट्र के धुले जिले से भारी मात्रा में हथियार…

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Ancient History History Maritime History Medieval History Miscellaneous

One more territory lost to the changing Demography! The Uttarakhand!

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Courtesy: https://twitter.com/anshul_aliganj/status/1517047053821825025?s=21&t=m0uR2PDEkJsDWLonYOQqAg

In Uttarakhand the Tourism Industry has been taken over by Samuday Vishesh. After the change in demography this was bound to happen.

Gadhwal was lost already and and now kumaon getting lost. Be it Nainital, Bhimtal, Ramnagar, Bageshwar,Jageshwar,Ranikhet and Kisano every where you will find them.
Locals have leased their hotels and restaurants to them.

Even when they are of not so well off background still they are able to do highest bidding and are able to get the hotels on lease.
Samuday Vishesh People from far off places have come and taken over Uttarakhand Tourism.

They have removed the local waiters , cooks and…

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Ancient History History Maritime History Medieval History Miscellaneous

The Jama Masjid of Ahmedabad on the glorious Bhadra Kali Mandir

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Source:
https://www.booksfact.com/archeology/jama-masjid-ahmedabad-bhadrakali-temple.html

The Jama Masjid in Ahmedabad was originally A Bhadra Kali temple. It was converted into a mosque by Ahmed Shah I. The intricate flowers, coiled serpents representing Kundalini and bells, the remnants of the glorious temple that it may have been. Such carvings are banned in Islam. This goes on to support the history of the temple. Goddess Bhadrakali was believed to be the Nagar Devi of Ahmedabad.

One of Ahmedabad’s ancient names was Bhadra which was after Devi Bhadrakali. Ahmedabad was named after Ahmad Shah I of the Muzaffarid dynasty who forcibly captured “Karnavati” in 1411.

Bhadrakali temple is believed to be one of the oldest temple of Ahmedabad and located inside Bhadra Fort in center of city.The exact date of construction is not known but as per the evidence this holy shrine…

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Ancient History History Maritime History Medieval History Miscellaneous

Facts about Mahmud Ghazni

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Courtesy: Eztainutlacatl

How many of you know that Mahmud’s father was a Kyrghyz Buddhist caught in childhood and converted forcibly? How many know that Mahmud is called Zabuli because he was born out of a forced union between that slave Sabuktegin and a Zabuli Princess?

And how many of you know that Multan sided Mahmud against the Shahis in the name of religion but Mahmud decided Multan was not Muslim enough and attacked it? And how many of you know that of the 17 raids of Mahmud, 14 are against his neighbour, the Shahis?

And how many of you know that Mahmud is not exactly great – he waged an annual jihad against India but in 31 his year rule, only 17 raids are known – what happened to the balance 13? And how…

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Ancient History History Maritime History Medieval History Miscellaneous

Kastur Ba: the secret shadow

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On her 153rd Birth anniversary

Courtesy: Sheshapatangi1

https://twitter.com/sheshapatangi1/status/1513352430250995715?s=21&t=i81i06F0q8_Wv8EeFTvdjg

“I simply cannot bear to look at Ba’s face, the expression is often like that of a meek cow and that in her own dump manner she is saying something” –
MKG

To keep the brand, “Mahatma” popular, they never told the miserable story of his wife.
On her 153rd birth anniversary, let us revisit a tragedy called #KasturbaGandhi.

Born on April 11, 1869 at Porbander, Kasturba was elder to Gandhi by 6 months, she married Mohandas with whom she played since her childhood.

Gandhi’s rejection of Kasturba came to the extent…

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Ancient History History Maritime History Medieval History Miscellaneous

My people uprooted

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Courtesy: Shri Tathagata Roy

HISTORY.
8 April 1950 a fateful pact signed betn Jawaharlal Nehru & Liaquat Ali Khan,PM of Pakistan. After 2 months of Govt-engineered pogrom,slaughter, rape of Hindus in East Pakistan. Estimated 50,000 Hindus killed. An instance of incredible political stupidity on Nehru’s part.

Upon Liaquat’s glib assurance that Hindu refugees would be taken back and restored,the gullible Nehru decided that no rehabilitation of Hindus was necessary in India. Result: no refugee went back and were forced to live under inhuman conditions in Indian camps.

The Pakis were so insincere about the pact that their Govt issued secret instructions not to restore any Hindu to his property. Even after the pact all Hindu passengers in down Assam Mail were pulled down and killed just outside Santahar station.

The two Bengali ministers…

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