Smart Prohibition for Bihar – a suggestion

Nitish Kumar imposed prohibition on Bihar soon after taking power. To be fair to him, most Indian political parties have dabbled with this silly concept. Some like hypocritical megalomaniac Kejriwal promise one in Punjab but increase liquor outlets in states they rule!

But Bihar’s laws are draconian including horrendous provisions like punishing entire families for liquor found, sometimes entire villages. Fines and penalties are so high even rapes and murders are less taxing. Even in best ruled countries this only leads to corruption. In Indian context, even in best managed states it will open doors to horrible corruption. In Bihar it leads to mayhem.

The arguments in favor are silly. Productivity gains, health gains, “family peace”, increased spending on household expenses are all pushed as miracle gains from prohibition. All are based on dubious statistics. Productivity in Asian societies that share similar cultural DNA like India – Thailand, Malaysia etc are far higher and they are not killing each other or beating wives. We cannot compare ourselves to oil rich Arab states that will have foreigners lining up for its wealth even if they slap each visitor at the immigration. We are bench-marked with our near neighbours.

In fact, Bihar cannot even compare itself to richer, more developed states like Gujarat and say why not us. It is a laggard and it has to run faster, try harder to attract jobs, investments.

Unless country-wide prohibition is imposed, something that will render India a Talibanic pariah state that no sensible investor will visit, it also means Bihar ends up losing investment, jobs and reinforces image as lawless poor state.

Ironically, booze continues to flow to those that are most harmed by moonshine – the poor. And cops get richer. Many die horrible deaths or go blind due to methyl alcohol and other poisons. But a responsible, decent citizen or tourist or visitor cannot have a chill glass of beer after a tired day at work.

Even if the policemen and officials are not corrupt, they spend inordinate amount of time implementing these draconian laws under pain of being punished themselves by whimsical politicians. Time that is better spent bringing Bihar up to par with rest of the country and India comparable to rest of Asia.

This is the net effect of prohibition.

But as a CM, Nitish has to protect vulnerable women, even if they are not a vote bank. And it is true that many Indian working class men, particularly in countryside, spend bulk of their daily wages on booze and return home drunk to beat wives and deprive children of decent food and education.

Is there a mid-way?

Yes. That is where technology comes in. Why not Aadhar backed record for each liquor purchase?

Once implemented, this can track excessive liquor spend and let state as well as NGOs and others focus on where the trouble is. If someone spends too much on booze he can be asked to account for the income.

Ban orders can be imposed on any individual with police record of domestic violence or abusive behaviour after drinks. Family (wife) can seek ban orders with sufficient evidence. In fact a similar system exists in Singapore for casino gambling. We could not do with without individual identity system and now Aadhar enables that. That and technology that is cheaper and easier to acquire.

Drunk driving should be punished so severely that it should not be an option for anyone other than suicidal maniacs. Because this is murder.

You may say people may still drink moonshine. Yes. But moonshine becomes unprofitable when official market exists for liquor that attracts 90% of genuine responsible drinkers. They will shut down or go down in number.

You may say people can cheat (buy on others’ Aadhar card etc) but such people are also the ones that drink excessive or misbehave in all likelihood, so they can be trapped and punished for their actions.

Please do consider this.

 

 

 

 

 

Beware of Nitish Kumar

So it has finally happened. Nitish Kumar has ditched Lalloo and joined forces with BJP again. Whether or not that means formal NDA re-admission remains to be seen, especially outside of Bihar.

But is this good news? If one were to go by despondent articles & tweets by dynasty’s loyal media servants (aka secular, progressive liberals) it seems their chances of enjoying happy days of UPA loot when money & “investments” flowed like water, awards and gigs were for the asking are slimmer.

But we don’t agree it is all good news for BJP. Why? Before we get there, let us talk a bit more about the development itself:

No one believes his Lalloo/Tejaswi-corrupt-refuses-to-resign script. That has been known for years now. They did not turn corrupt yesterday. Interestingly all those journalists like Siddharth Varadarajan take special pains NOT to talk about the corruption at all as if that is blasphemy. No picture so palatial malls, mansions & petrol bunks.

The entire “liberal” media focus is, instead, on “scripted show”, “BJP gains”, “blow to secularism” and other topics all of which were emphasised to avoid discussing the elephant in the room – Shameless plunder and enrichment of self & family by LPY. Mind you, this is well beyond the usual fund raising for elections & enjoying free plane trips which everyone does.

It was as if corruption is a necessary price to pay for “secularism” whatever that means. And we all know the Stalinist left’s definition of “secularism” – rabid anti-Hindu venom, support for jihadi terrorism, Islamist fascism.

We even had this pathetic tweet by so called independent journalist Wagle which is what you would expect from a low level sycophant of the dynasty like Aiyar or Jha. As if only BJP created the problems listed & it was a land of milk and honey otherwise.

No doubt this is a blow for Congress and Rahul Gandhi. And to the Marxists who were hoping for UPA3 to give them power without responsibility ala UPA1.

It is also a serious blow to Arvind Kejriwal – a man corrupt yellow media elites dropped like hot potato after hoisting him sky high with lots of hopes. Again they were licking palms in anticipation of his quick rise to power and Wapsi of awards and rewards to the “Idea of India” left brigade. Kejriwal’s bride aka anti-corruption plank hijacked twice – once by Modi and now by Nitish!

But let us come back to the main point of this article. Does this benefit BJP? The answer is not so clear. That’s why we say

Beware of Greeks bearing gifts
  1. Nitish is trying to embed and carve out his image of anti-corruption crusader. Not just in Bihar (where he doesn’t really need that, even in 2019 or 2020) but nation wide. That plus the anti-liquor goody goody image are his only USPs. The second one is actually a crowded field with too many anti-liquor contenders.
  2. This can come back to bite the BJP if he plays his self serving cards again like he did on 25th July. For example, he could pick a random case of “corruption” in NDA cabinet in the Center or in one of the states. And quit over it no matter if charge is fake or real, when he feels jumping back to Congress or Lalloo bandwagon makes more sense for him!
  3. What can the BJP do in that case? After all, they have also certified his anti-corruption image? Yes they can sacrifice that particular minister but that will only feed the fire, not quench it.
  4. He could also become another Shatrughan or Yashwanth Sinha –  relentless headline seeking sniper from within. Modi cannot ask him to get out and have him play the anti-corruption + martyr card. The media would have a field day.
  5. Of course, Nitish Kumar’s credibility will fall even further should he ditch Modi & BJP once again on flimsy grounds. Or for that matter his credibility is so low & he is seen as a political chameleon by so many that his very endorsement of an issue may reduce it to a farce even if genuine! That is probably what Modi & Shah duo are hoping?
  6. BJP will probably have to kiss goodbye to winning Bihar on its own steam in 2020 and on top of that sacrifice LS seats in 2019. If the south does not make up for inevitable losses in the North (after all you cannot do better than 100%), then he becomes even more of a risk post 2019.
Can Nitish be a force for the good?

No doubt we have all turned cynics perhaps by the way politics works in India. But then there are possibilities of this alliance working for India’s and NDA’s good. How?

  1. Nitish can blunt the anti-Muslim edge of BJP and perhaps force some sort of mutual rapprochement. His counsel, both public and private could be valuable if only BJP seeks it out and follows them. This can only be good for the nation. After all, once Muslims (or substantial chunks of them) are convinced Modi / BJP are not the demons they are made out to be, especially if you vote for them, lots of other things will change for the better.
  2. He can also bring economic pragmatism and right of center reform credibility to the cabinet which is short of talent. Of course, he cannot join it himself but can pick good men to represent him and guide them if JD(U) were to join the Union cabinet.
  3. He can reduce BJPs paranoia over inevitable losses in the Hindi heartland and in that process moderate some of their more polarising tactics to entrench Hindu support. Again it can only be for the good of everyone.
Why did he do it?

Let us finally turn to the question we should have addressed first – why did he do it? Certainly the Tejaswi drama is a smokescreen. What gives?

IOHO, it is the realisation that the best he can hope for is to be another Gujral or Gowda in 2019. A pitiable existence no proud, sensible leader with self respect would want. And the more realistic prospect is loss in 2019 + 2020. And the worst case scenario of dynasty + Lalloo dumping him mid way so they can build more malls without any let or hindrance.

Comments welcome!

 

Amazing power of anti-Modi track record

We have heard of mythical herbs that can bring the dead back to life and cure the incurable.

But have you seen them in working like magic with your own eyes in the modern world?!

Yes there is! Once you accumulate enough points, like frequent flyer miles or credit card spend, you become immune to anything.

No sections of the Indian Penal Code or moral code will apply to you! Incompetence is no barrier to lifelong well paid jobs!

That’s the magic power of anti-Modi track record.

Yes!

We know how liberal poster boy Tarun Tejpal tried to dub his roaming fingers molesting a poor young journalist in a lift as “BJP conspiracy”. And therefore he should be allowed to “lacerate himself” in some nice bar over a cool beer instead of going to jail for attempted rape

We also know Lalloo Prasad Yadav and his family becoming magical millionaires owning flashy malls, petrol stations and other property calling their prosecution “fascist attempts to stop him”

Now we have leftist journalist Nikhil Wagle who spends all his waking hours attacking BJP & Modi claiming he has been booted out for his “fighting journalism”. The truth appears to be more prosaic – incompetence and the inability to attract audience, a must for any aspiring anchor or journalist!

Of course we have the Paranjoy Guha Thakurta going around telling us he has been thrown out of EPW for his daring to question Adani, who is supposedly “close” to Modi (although like most businessmen Adani is no fool and is also close to Marxists and Congress – just see how he was received in Kerala).

Oddly enough the team that threw him out are also died in the wool hardcore leftists. Or they would not have gotten into EPW management in the first place!

So a bunch of leftists throwing out a fellow traveler for writing an article that reads more like propaganda hit job than “investigative journalism” is also blamed on Modi, BJP and the mysterious “stifling climate for dissent” One that sees new media startups blossoming almost each week, most of them spending 80% of the time attacking Modi. And the other 20% loudly complaining they are not allowed to criticise him!

So here is your clue – if you are planning anything interesting – be it petty misdemeanor, incompetence on the job or full fledged rapes, loot, dacoity and anything else under the sun, be smart, try build up a anti-Modi track record.

The entire “liberal, progressive” cabal will jump to your rescue!

 

 

Boycott Chinese Products – smart or counterproductive?

Recent developments in India’s North East border involving China have given a rude jolt to many Indians. Although the standoff is still not over and always carries a risk of armed conflict, it may end up doing some good in the long run. Why? Because it has brought into sharp focus a few things:

  1. China’s overwhelming military superiority and India’s slow pace of catching up.
  2. China’s economic prowess that underwrites this military superiority
  3. How we have allowed Chinese products to control the Indian market and even every aspect of our daily lives.

Domination of Made in China

It is not just in India, even in Singapore, Dubai, London, Chicago or anywhere in the world, chances are 80-90% of the items you find in a typical departmental store are made in China. Other than vegetables and groceries, entire categories of products, shelf after shelf, are seemingly not manufactured anywhere else.

This domination took many years to achieve and has left in its wake closed factories, destroyed communities and devastated lives in many places. Given its scale and volumes, China will probably continue to do so and perhaps India is the only country in the world that has the capacity to challenge this domination. If only it takes decisive steps.

It is in this context that we have to take a look at #BoycottChineseProducts campaigns waged in social media as well as elsewhere, in India.  In fact popular legislators like Baijayant Panda have endorsed this.

https://twitter.com/PandaJay/status/888731188700958720

While it is good to see Indians waking up to the threat from dominance of Chinese products, we have to question if such boycotts are the real solution.

  1. Many products, as we mentioned earlier, are simply not made anywhere else. Laptops, Mobiles are good examples. While some are indeed made in Japan or Taiwan, these are the high end ones that may not be sold in India. Even they have components made in China! This makes any “boycott” impractical.
  2. Flood of Chinese products has of course, affected some traditional manufacturing but these have also given a kick start for technology upgrades, quality improvements and design changes to stay in the game. Aligarh locks, Sivakasi fireworks, motorcycles, pens made in India have all managed to survive and fight back. This can only be good for us.
  3. Although some jobs are lost, cheaper imported products help keep inflation low and enhance the purchasing power of anyone that is not directly affected. Therefore, overall the economy benefits.
  4. Attitude changes take longer, but is already happening. Instead of seeing businessmen and factory owners as “class enemies” to be fought to death, workers are slowly realising how global competition works and how it impacts their rice bowl. This means working together with their bosses to secure both their futures. The decline of Marxist militant unions that killed Indian manufacturing to benefit China both directly and indirectly, has to be seen in this context.
  5. Officially it is very difficult for any ruling party to be seen as too close to such boycott campaigns. China has been very clever in organising such boycotts whenever some human rights or other issue is raised by Western countries or Japan, Korea etc offend its “pride”. India has to learn this trick too. Plausible deniability is the key. We Indians are too clumsy and noisy in general to do such sophisticated campaigns and yet deny them without batting eyelids!

Better focus on Make in India

At the policymakers’ level, India should use this upsurge in nationalist sentiments to boost manufacturing in India. Tougher reforms including labour related ones, are easier to sell if positioned carefully.

For critical products such as mobiles and semiconductors, the entire supply chain has to be built up, brick by brick. This takes years but it is a good idea to take baby steps and monitor progress at highest levels.

India should also work closely with Western and Japanese, Korean companies often target of vicious boycott campaigns in China, to invest more in India and spread their risks. Recently Hyundai and other Korean firms bore the brunt of such campaigns.

For products that we can and do manufacture, often with better quality, imports from China has to be discouraged. Given WTO and other obligations, it is hard or even impossible to do officially. This is where public consciousness can play a role. There are dozens of such products – domestic appliances, garments, locks, plastic decor items or festival lighting, Ganapathy idols(!) and so on. But this cannot be a license to shady Indian manufacturers to push shoddy goods at higher prices.

Those in the know should highlight laws, rules and procedures that come in the way of Make in India and the government should proactively remove them. By any global benchmark, doing business in India, particularly for SMEs and micro enterprises, is still horribly complex, unproductive and stifling.

The wake up call given loudly and clearly by China’s over aggressive media, amplified by its allies in India should be used to our advantage.

Your comments are welcome!

 

 

 

Surat textile strike against GST

Surat is perhaps India’s largest textile manufacturing as well as trading center. It is in the state of Gujarat which is BJP as well as PM Narendra Modi’s stronghold. In fact Modi as Gujarat CM resisted GST because it is one of India’s “producing” states and GST, being a consumption based tax, is favorable to “consuming” states like Bihar or UP which have very little manufacturing but huge populations.

As we have highlighted in our earlier article, GST, in addition to bringing large parts of underground economy into the open, also facilitates better Income tax compliance. Once dealings are recorded, tax evasion, not just of GST but even other taxes like Income Tax, becomes that more difficult.

And everyone knows that while the salaried class and even large sections of organized business sectors pay taxes and have less means of evasion, the small and medium sized traders that dominate the textile sector carry out their entire business in “black”. This means not just no sales tax or very little, but no Income tax.

It is to protect this illegal and damaging modus operandi that Surat based textile traders went on strike soon after GST was implemented. Markets were shut down for weeks and blatant threats issued to BJP that they will “pay” in votes should they not be allowed to continue with their tax cheating ways.

This article in Indian Express explain the motives quite clearly.  “Traders readily concede most of their business was “unaccounted” in order for them to avoid income-tax”. Here is another article that narrates how a nosy Excise inspector was thrown into the boiler!

In fact this strike has been one of those rare highly publicized cases of post GST disruption and troubles. In fact, anti-Modi rags like Wire were reduced to playing up this strike, for want of “better” news. This article, full of hyperbole about the negative impact of the strike in terms of livelihood etc., surprisingly completely omits the tax evasion aspect of the strike, which is in fact its main trigger!

Of course, one can readily imagine how Wire would have played it if Congress or CPM was in power. The strikers would be labelled Sangh parivar fascists who are looting the poor and deserve still jail terms!

Arun Jaitley and Narendra Modi should take up this gauntlet thrown by Surat traders head on. The workers affected by this senseless strike should be helped to tide over this difficulty as well as educated on the real reasons behind this strike. While their daily purchases are taxed, it would be cruelty if their masters don’t pay any tax on their much fatter earnings. Our socialist warriors and their propaganda mouth pieces that shed copious false tears for the “sub-altern” instead of highlighting the real story, choose to fish for anti-Modi sound bites instead!

The strike also highlights how entrenched corruption, cheating, tax evasion is in India to the extent where they become “rights” for which open agitations can be launched.

Genuine and reasonable demands, such as extra time for filing returns, simpler paperwork, protection from corrupt officials etc., can be and should be provided, of course. That is no excuse to demand complete exemption from tax laws of the country.  As the FE article cited says quite clearly “If the government stands firm, this protest will fizzle out ultimately. But if it budges, it will encourage similar elements in other industries as well,”

Jaitley sahib it is your call!

 

 

 

China policy and strategic challenge

The ongoing standoff between India and China over the strategic “tri-junction” near Sikkim has resulted in a flurry of articles in online as well as traditional media. Most of the press in China itself (at least the English language versions which have been quoted extensively in Indian media) has been jingoistic, threatening and ominous. This is matched by equally solemn and grave messages from official Chinese circles only watered down as little as usual courtesies of diplomacy demands. There has not been even one article or Op-ed that says “Why don’t we figure out what the Indians really want and see if we can accommodate if that is reasonable?”

On the contrary India media has its share of leftists that advocate caution and even recommend acceptance of Chinese “demands” and overall suzerainty.

At the outset we have to be clear on what this crisis is NOT about – the so-called tri-junction in Doklam where, depending on who you believe, India has occupied some Chinese territory in a 1962 style blunder of aggression or the other way around. As if logical “proof” and convincing arguments matter in such cases, several analysts have gone about dissecting historical documents, treatises and correspondences to prove one or the other point of view right.

You may choose to believe in such fantasies if you choose to believe that China supports LeT / JeM terrorists because “it is not convinced over evidence” or vetoes support at NSG because “it is worried over selective exemptions”. China (or for that matter any superpower) treats treaties, conventions and past assurances as valid only as far as they serve its own interests. Even the agreement with Britain over Hong Kong as has been trashed as irrelevant, although it’s text or content, semantics etc. are no way in dispute.

Talking of flights of fantasies you have to read this article by Prem Shankar Jha for Wire. It seems we have misunderstood the Chinese who are building roads because Chinese companies are running low on order books! I suppose our comrades in media will say China is firing bullets because they have surplus steel.

John Garver seems to have his pulse on the real source of trouble in this excellent article from South China Morning Post. The simple fact is, China is pissed off because India has not accepted it as the regional “dada” or “Don” and wants to run its own fiefdom. The Narendra Modi government has gone further down this blasphemous track by engaging Japan, Vietnam, USA etc in ways China sees as a clear threat to its rise as unquestioned Asian superpower, a necessary step for global domination. So it wants to turn the screws. As simple as that.

Now the situation can be analysed as:

  1. The alleged misdemeanors on India’s part simply a matter of misunderstanding or deliberate? Unlikely it is high school playground type misunderstanding or it would have been cleared off long ago.
  2. If deliberate, were they a reaction to similar Chinese perfidies which may or may not be deliberate? Again we are constrained to assume that this question has been posed to PRC and replies unsatisfactory or unconvincing.
  3. In other words, we are left with the assumption that Indian actions that offend China are the result of deliberate policy caused by factor over which China has done little or wants to do little to assuage Indian anxieties for its own good reasons.
  4. Which leads us to the natural next question – has India, like any good chess player, thought through the possible reactions from China, including the Doklam type standoffs and worse? Or has it simply muddled along and poked China perhaps under estimating the ferocity of China’s reaction? Our leftist media has lobbed precisely this charge at the Modi administration.
  5. Even if the “muddled along” assumption is true, one can safely assume that having seen the ferocity of the bite-back, India would pull back, once given some “face” and try some other trick to get back into the game after a cool off period. Particularly if the messages coming from Tokyo and Washington through private diplomatic channels is “You are on your own, son!”. One has to credit that much intelligence, patriotism and common sense to Narendra Modi and his Government.
  6. What if India predicted this sort of rabid reaction from across the Himalayas, and its strategy had always factored it in? What if help has been offered by powers that be? We will never know until it is too late. It means that India will not buckle so easily even if China escalates along other vulnerable sectors. What the result of such a confrontation would be is not for us to predict. Too many variables are at play, including timing, location, preparedness, security of supply lines, Tibet situation, international outcry, etc etc.
  7. It is of course, entirely possible that India has miscalculated its strengths and may get a bloody nose, as in 1962 or perhaps worse. But will this help China in any way? Chances are low. Capturing or holding territory in the North East (best case scenario for China) could make things worse. It would have only earned another century or more of unrelenting hostility. India would officially bid goodbye to ambivalent “strategic independence” and sign up lock stock and barrel with Uncle Sam’s camp.  Trump unlike diamonds, is not forever.
  8. We are assuming here that the scenario doesn’t descend into all out nuclear war in which case, oddly enough, things are easier to predict – India will probably cease to exist as a nation state, even as China suffers unacceptable damage. Precisely the sort of predictions that are offered regarding India Pakistan conflict descending into nuclear exchange.

What next?

The sensible course for China would be to stay focused on its primary mission – challenge USA as the global supercop & WBC champion. If it thinks India is a speed bump in that path better to sit down and discuss what is it that it can do to remove that irritant. If it means watering down the “sweeter than honey” relation with Pakistani terrorists, it should have the maturity to say “So be it”. This is because India is not trying to replace China as Asia’s No. 1, it is simply asking for a place in the sun for its own ambitions which need not threaten China’s.

And the sensible thing for India to do, even if it has thought through the scenarios and feels it can play this tough game, is to do exactly the same – sit with China and find out how much “kowtowing” is expected of it and can safely be done without sacrificing core interests and if that will keep China happy.

The logic of this argument is quite simple: We are no superpower and not going to be there anytime soon. Regardless of who we sign up with, some amount of strategic kowtowing is going to be necessary. After all, the only other game in town, Uncle Sam, is not offering any free passes. Why not sign up with our nearest neighbour? They are Asian, shared culture and can probably help tame Pakistan and let us focus on growth, something USA has not managed to do. If China does well and manages to trump US in the great game, we can heave a sigh of relief that we are in its good books and if it comes worse off, we can always resume the mini-great game. Sounds enticing?

But we are not too enthusiastic about signing up for pax-Beijing as an also-ran and probably a deputy sheriff for South Asia (Pakistan excepted). Others that have gone down the slavery route – Srilanka’s Rajapakse, Philippines’ Duterte among others, have very little to show for it.

It should also think carefully about the timing of any limited or unlimited conflict with China and the state of its own readiness in economic, military and other ways. The present standoff doesn’t appear to be initiated by India.

Of course, as Nitin Pai puts it if China has made up its mind to “teach India a lesson” and India has determined it can meet that challenge head on and give the Chinese some Hindi lessons of its own, nothing much can be done by us ordinary folks other than pray that the damage is not too high and that we emerge victorious.

 

 

 

GST a game changer for sure

Let us come straight to the point! Why do we say this?

Many countries implemented GST. It is not as if their economies were magically transformed. But then each one does so for their own reasons and have their own unique circumstances.

For Singapore (to take one example), it was the desire to reduce Income taxes and yet retain revenue buoyancy. This was a key USP when it competes with the likes of Hong Kong where taxes are lower. Prior to that, Singapore had no taxes on sale at all, barring sin goods.

For India, the key benefit is reducing tax evasion and bringing almost all economic activity into the tax net. Perhaps no other country implemented GST with an economy like ours where most activity is outside of the tax net.

This is why it is going to be a game changer. Nothing else (imperfect rates, complexity, too many forms, returns blah blah blah) matters. Just this one factor alone will more than justify these compromises and sub optimal choices and bargains to get the thing going.

Right now most small traders don’t pay any tax. Nor do they issue any receipt. This means their entire income is “black”.  This evasion cascades up and down the supply chain – the trucker who delivers the items, the landlord who collects rent, the wholesaler who sells to the trader and so on, all get paid in “black” and in turn pay others in black. You get the drift..

In other words, for each tax evader enjoying himself, another “idiot” pays the price. In fact many have to pick up the tab. This is the exact feeling of many in salaried class who are forced to pay tax on their actual income while the trader or contractor next door pays zilch and openly flaunts his wealth.

If this changes (yes, it will not change overnight) that’s a HUGE gain for India. We may not need 28% or even 18% rates for most items.

It will also make the traders and other businesses confident and bold because they don’t have to pay bribes through their nose on daily basis and live in fear of raids and harassment. Check my books – they are clean! They can invest, expand, hire more staff and kick start the economic engine held down by bad loans and UPA’s loot. It also levels the playing field so formal retailing can expand and bring benefits (better paid staff, better quality control, cash free payments, the list is endless).  Salaried class can look forward to lesser direct taxes.

In fact even on Day 1  many have proudly posted their GST paid receipts on Twitter – showing tax collected and paid by vendors who never did so earlier! Here’s a sample

In fact the doomsday prophets are having a tough time because even dhabhas, shop keepers and supposedly illiterate vendors are issuing GST invoices, right from midnight on 1st July! A few that are used to old ways are going on strike in their usual ways, but this is one tsunami that is not going to roll back for them.

We are on to something HUGE. The benefits are clearly under-estimated.  Don’t get us wrong. Modi and his government may mishandle the implementation and may even pay a price in 2019. We frankly don’t care. That is besides the point. But it will settle down one day and improve with time.

Looking at Indian economy as a whole this will be the day that will be celebrated by our children and their children as the day India changed.

You heard it here first!

Comments are welcome.