Friday, August 18, 2017

Monekeyman, a Witch and GST

"Every church is a stone on the grave of a god-man: it does not want him to rise up again under any circumstances."
—Friedrich Nietzsche (German, 1844-1900)
Word for the day
 Ululate (v)
To lament loudly and shrilly.
To howl, as a dog or a wolf; hoot, as an owl.
Malice towards none
People like Karun Nair are not sure, whether they will find place in Indian cricket squad anytime soon. And we are still discussing Yuvraj Singh.
First random thought this morning
The tragic events like Gorakhpur hospital tragedy and the Wednesday night theft in the Delhi-Mumbai Rajdhani, may sure make a good sequence in Hindi movies. Bollywood may want to thank the authorities for this
In the meantime, I must rework my maths for evaluating government's performance.
I am considering to raising the discount factor I apply to government claims of delivery substantially.

Monekeyman, a Witch and GST

In September 1995, the miraculous milk drinking Ganesha brought the country to standstill. Millions of people queued in front of temples to offer milk to Ganesha idols. The event attracted attention of global media and scientific community also. After discussing and debating for many days, the issues was buried as unresolved.
Six years later, a mysterious monkey man started terrorizing the people of Delhi. For many nights, people in many localities could not sleep. Unconfirmed reports of monkey man appearing subsequently in other cities also emerged. An investigation was launched. But the case remained unresolved. Later, the incidence was used in 2009 Hindi movie "Delhi-6".
Last month, many incidence of attack by a hair cutting Witch in NCR region appeared in media. The Witch would cut braids of sleeping women in night.
The latest incidence was a matter of discussion amongst the common people, gathered to celebrate the birth of Lord Krishna. The difference this time was that almost everyone, from illiterate old farmers to local pundits, was making fun of the "rumors". Even old village women were seen cracking jokes about it. No one appeared to be believing an iota in these incidence.
This is a significant change in the mindset of the society, in my view.
The second interesting thing was discussions on GST. A group comprising small traders, shop keepers, and small time contractors, enjoying lunch at banks of Yamuna was seen intensely debating the impact of GST. As I could feel, most of the arguments were based on inadequate information, misinformation, and prejudices. To most of them GST was no different than the mystery monkey man or the hair cutting Witch, that is out to catch them off guard and destroy their businesses.
This in my view is failure of government in adequately guiding people about GST and its implications for them. The positive thing is that the current gloom in the sentiments could be somewhat based on the misinformation rather than the actual impact of GST.
The third interesting discussion was about real estate. Many people from nearby towns were of the firm view that the prices of their properties are going to crash by 50% in next couple of years.
On enquiry, they suggested that the fall in prices of their property (own house or shop) may not have a material impact of their spending habits or expenditure plans. But it was certainly seen as an obstacle in their future investment and expansion plans.
A deeper inquiry suggested that it may not be GST or RERA that is bothering the real estate market in smaller towns and unplanned colonies of large cities, especially in North India. This is mostly about changing landscape of urban plans and preferences of people......More on this in a later post.

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