Demonetization, GST & Black Money - Professor Vaidyanathan (Part 2 of 6)

अब हिंदी बोल के साथ ! bit.ly/Demoneti...
Impact of demonetization on Naxals, black economy, how it could have been done better. GST’s successes. Need to go after foreign black money.
To watch the previous episode with P. Vaidyanathan, click here: bit.ly/economye...
To watch the rest of the series, click here: bit.ly/Professo...
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इनफिनिटी फ़ौंडेशन की परियोजनाओं को अनुदान देने के लिए व इस प्रकार के एपिसोड और हमारे द्वारा किये जाने वाले शोध को जारी रखने के लिए: infinityfoundat...
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विमुद्रीकरण, जीएसटी और काला धन - प्रोफेसर वैद्यनाथन (भाग 2/6)
नक्सलियों, काली अर्थव्यवस्था पर विमुद्रीकरण का प्रभाव, यह कैसे बेहतर हो सकता था । जीएसटी की सफलताएं । विदेशी काले धन पर जोर डालने की आवश्यकता है ।
#Demonetization #IndianEconomy #ProfessorVaidyanathan

[@rawnrox88]

I'm a Chartered Accountant (CA) and am seing industry practices & market economy on ground from 2007. Demonetisation & GST were a Master-stroke. I can say that as being someone who has closely observed the dubious accounting, complexities of taxes, and loop-holes that are taken advantage of to by-pass the laws. Have & show some patience please, its dramatic result will start showing within 3-4 years.

[@leosingh6992]

@Arid the result will be the eradication of the non tax payers aka terrorism supporters and rise of the hard working nationalists

[@karthikreddy8049]

Gst Missing trader problem will kill the small companies in long term what's your call on this

[@rawnrox88]

@Arid Results will be formalisation of economy, destruction of parallel economy, check on currupt practices, improvement in the quality of practices, transparency in process, expansion of business, increase in tax base, alongwith the integrity of Businessmen and people in general. Also, it destroyed many of the available routes of terror funding used by enemy countries. It was a win-win decision.

[@lordofstringss]

absolutely right, GST ensures tax before income. Deposit tax on bill. Irrespective of payment received. I have given up GST because I can function non-GST due to my trade.@@karthikreddy8049

[@kukuswain9143]

Now librandu will call u a sanghi

[@AniketSingh-ze2th]

Punch Line of the Video- "Black economy will exist until there exists Cricket and Bollywood" And for me it's such so true.

[@shobhak7429]

Agree

[@sahebjotsingh6306]

I helped build BHIM(app, backend, ussd) and worked with government during that timespan, was quite impressed with their response and priorities.

[@rohitsinh3949]

Great work done Sahebjot Singh Bhai. Thank you

[@vinodkumarverma7208]

Prof Vaidyanathan has given a fair account of the need for demonetisation. Demonetisation was essential to unearthen blackmoney. Intellectuals like Mr Malhotra is doing nice job in bringing facts through reputed experts. Nice video indeed.

[@MBA_King]

0.3% Black money?

[@swaroopramakrishna6894]

Prof, pls sight more stats so this message can be taken forward toany who do not know Exactly - Oct 2016: UPI transactions = 1,00,000 Amount transacted = ₹48,60,00,000. Banks supporting UPI = 21 Mar 2019: UPI transactions = 79,95,40,000. Amount transacted = ₹1,33,460,72,00,000. Banks supporting UPI = 139 8000x growth in the number of transactions and 2746x growth in the amount transacted. Thanks to Demonetization. India is moving towards the cashless and transparent economy. Digital India 🙏🇮🇳 (Data Source- National Payments Corporation of India)

[@abhyudaysingh7930]

@@sbselvan100 Your argument is garbage. If growth in digitization is a natural process then why has there been a sudden boom since Modi's government? The growth in mobile phones is also because of Jio which has been introduced by the same government that had planned demonetization and digitization. If by usage of air travel you mean booking tickets then that used to be done offline by so called 'dalals' who took their percentage and let the black money float easily but now it's all transparent and far more easier. I don't know how you count increase in TV as digitization. The only people salty about all this sudden and clean growth are the pseudo-intellectuals who lost all their 500 and 1000 rupee notes during demonetization. Since they can't cry out loud about how all the money they had stashed is useless now, they try to defame all these steps. If increase in digitization is a natural process then how come there has been a growth in the UPI transactions 8000 times more than post demonetization? It's not like all offline transactions were shut down but people readily accepted this change and evolved accordingly.

[@ayeluru]

sbselvan100 Sir, such reasoned thinking is unfortunately not palatable for the blind Bhakts.

[@RajivMalhotraOfficial]

This is part 2 of a 6-part series. Be sure to keep up with the entire series as we release them here: bit.ly/ProfessorVaidyanathan. Part 1 - Evaluating India's Economy - bit.ly/economyevaluation To donate to Infinity Foundation’s projects including the continuation of such episodes and the research we do: infinityfoundation.com/donate-2/

[@dev4rajan]

Thank you RajivJi for bringing us this lively discussion with RV. Informative, intuitive.

[@venugopalbk4144]

Sir, most significant impact of demo in Kerala is on the cost of land, now a poor man can afford to buy a piece of land and own a house before the land price was skyrocketing and converging to a few land mafia group whose source of income was from the middle east ,also the gold smuggling from karipur airport stopped ,

[@NishchayBhuta-en8rl]

@john doe No. It was unproportionally andirrationally high. Black money was one reason. High Fiscal deficit was another. I dont know why you are not happy if poor gets house. Govt job is not to make policy so you can sell your property at high price.

[@simrank5370]

I'm from Jharkhand my classmate was a friend of a M girl, my classmate said that she saw her friends father owned many land plots , cash way too much, she said(my classmate) father did 2no. Work they're going to. These mafias are going to buy all the land I'm afraid 🤐😬🌚🌝

[@srinivaskini4704]

Thank you, Rajivji,for for allowing the Professor to have his say

[@PraneshSR3]

Bcoz of ur videos on sensitive and vital videos, my mind has awakened and started taking interest in the geopolitics, international relations and the atrocities done by firangi . Wld like to meet u in future and wld like to work with u Sir. As far as this video is concerned, it's scintillating particularly with ISI and CIA names taken. Very interesting to listen from an expert.

[@sudhirsaleakanomad2051]

Yeah this angle of CIA and ISI using it as a arm twisting technique is a eye opener for me. Even I never took interest in Indian and world politics before. But have started now.

[@muraliny6770]

In fact there is a strong belief that ISI used this against UPA ministers to create a Hindu terror narrative

[@yadukishore502]

Pranesh Rangarajan Read his book Breaking India. Your eyes will open even more wider

[@sumityadavfitness]

वैदिक धर्म के प्रचार में आप सराहनीय योगदान दे रहें हैं। *जीवेम शरद शतम।*

[@WriterSoumyaMitra]

Prof. R V is one of the best among the right wing economists. He should be made the RBI chairperson in next term of BJP.

[@vigneshr8119]

What do you mean by Right wing economist? An economist who praise all BJP economic policies? If so, then in what way he is different from left wing economist? Prof. R.V is an economist who calls a spade a spade. We want that kind of persons only. Not side takers.

[@AbhinavDeekonda]

Prof. R. Vaidyanathan was appointed recently as the member of the National Security Advisory Board by the Government of India.

[@WriterSoumyaMitra]

@@vigneshr8119 I presume you do not agree with Prof. Thats your choice. But I found his points valid. Demo and GST may appear to be a failure bcz of the bad economic performance but they were important. And by right wing I loosely meant Hindutva economist .

[@WriterSoumyaMitra]

@@AbhinavDeekonda He must be pushing for the recovery of black money as he points it out as a national threat

[@agni_7897]

@@WriterSoumyaMitra What's a Hindutva economist?

[@rajatverma360]

G.S.T is a good step for black money and Internet access to all over the World is also a perfect step towards connecting theWorld. This thing's had been possible in the time of Modi government.

[@kanavsharma2609]

Thanks for uploading so frequently don't have to wait for 1 week or more..btw Video was very informative

[@jigggro]

The exceptional quality of Mr Malhotra, is he has deep insight and clarity in various fields. Economics and and Sanskrit are so far apart, but he can contribute intelligently in both.

[@prahladd]

Mr. Rajiv you are doing unimaginable service to mother India by these videos on wide range of topics and issues of national importance.

[@praveenrai6965]

The good professor is very cherubic and uses humor very effectively to convey why some things are very difficult to do... like when he said "India will need lots of rope..." in reply to Chinese-style hanging of the corrupt. I think Prof V is quite a treasure trove of knowledge when it comes to many facets of Indian life/society, and not just economics. He connects the dots across disparate areas of this very complex nation, which is difficult to understand for those who arrive at conclusions using linear models and sequential logic. He needs time to articulate his arguments; language is not his strong point and hence when pressed for time all those narratives that emerge in a complex system will not find a cogent expression. I think that's why he uses humor to convey his point instead of lengthy answers. Anyways, great interview by Rajiv ji!

[@rrrgg2093]

I think Mr Manmohan Singh is the best judge.Demonitisation has benefitted the rich. The cash dependent businesses has suffered. Even Dr swamy was against it. Income tax must be done away with.

[@muthukrishnandiet8459]

What professor says is exactly correct; People also can understand all these facts; But why they deny to accept the truth?. One of my friends purchased a plot near Chennai. He is not able to sell even with loss. Some people, who are interested also took a wait& watch decision. Only if UPA comes to power with a motive of corruption, the real estate prices will go up!. This is the reason,why some people speak against Demnitisation.

[@yadavramsharma6454]

There is one very visible change not talked about in media. Indian savings are now getting directed into financial assets, from real estate earlier. This year more than 1 lac crore is invested in indian equity assets by indian retail investors, who have neuterlised the outflow by FIIs. This if continue would create a source of funding for indian entrepreneurs who can create world class companies using equity funding, as happens in US. This has effectively diverted indian savings from non-productive asset (real estate) to productive assets of economy.

[@sureshrao9568]

Love the way Rajeevji completes sums-up the ideas/sentences of Prof.

[@Mr7vyk]

A really good discussion for the uninitiated. Prof. R. V. shedding light on key areas post demonetization and GST. It's very important that people realise the improbability of eliminating black money from a fast growing economy like India. And Prof. R.V points this out very accurately. Having said this, and not to take away anything from this fine discussion, providing much more figures or certain economic indices would go a long way in quantifying the after-effect(s) of demonetization. Prof. R.V pointed out the 'cash usage to the economic activity' being on par post demonetization. For public at large, for this index to make sense, would need a very brief background/the relevancy of such indices to the discussion at hand. Things like these would paint a far better picture of the postivies of demonetization. Furthermore, the duo of demonetization and GST, have led in crackdown of numerous individuals and agencies hoarding black money through the usage of data. I believe, when the mainstream narrative of demonetisation is so negative, it becomes very essential, through videos such as these to provide strong rebuttals and to debunk the myths that are being spread.

[@bngosain3633]

True. I also feel it was a significant and bold step

[@atulborkar3504]

As always, he is so clear. Love the way he speak. Refreshing take on everything.

[@rangeslider]

Wealth of info! TY so much, Rajiv Malhotra ji and Professor Vaidyanathan ji

[@kushaq1173]

I am so dumb until rajiv ji pointed out that income tax and other taxes are still there.

[@sudhirsaleakanomad2051]

Hehehe what a candid confession. But I am sure you are not the only one. So, people let's start taking part in these issues, get to know about what's happening around us and the world. This is how one can vote better.

[@sridharshankar9934]

Prof Vaidyanathan very easily explains difficult things, thanks a lot. Along with Gurumurthy Sir, should be on NITI aayog

[@harindersingh3706]

We need economists like RV Sir who talk honestly.Unlike Ruchir Sharma of Morgan Stanley who does not understand Indian economy

[@nathansekhar2840]

If intermediaries were involved the surprise element would have been lost which would have triggered the privileged class to sabotage the government initiative. The Indian government brought the country in line with the Civilised world and global uniformity. Teething trouble will take place in such a diverse nation but it will fall into place in time. Good presentation. Nathan Sekhar Sydney, Australia.

[@lakshmansuri3216]

So the finance minister is an intermediary,if he knew in advance he would scuttle the whole thing.

[@prabhunathg7026]

Two stalwarts meeting. Pleasant to watch

[@harshad5438]

On the one end we have Professor R Vaidyanathan recognising GST as a phenomenal success . On the other end we have Dr. Subramanian Swamy calling GST as a failure . kzbin.info/www/bejne/Zmmym4hjiaienNk Both of them are very close friends and both of them are mutual friends of Dr. Rajiv Malhotra . Both of these geniuses are correct in their own sense . But in this case , I'll go with Professor Vaidyanathan . Swamy ji is more of a revolutionary kind of guy , Vaidyanathan ji present a more feasible scenario . And of course feasibility means stability . Swamy : Abolish Income Tax , middle class is suffering , which is hindering innovation in the country . Vaidyanathan : Income tax maintains the proper income denominations in the economy , and ofcourse helps the govt for development of the country . Again Swamy is presenting a dream come true scenario , outcome of which may be negative in my opinion . Govt is trying to promote Innovation by Mudra loans , start-up India , stand-up India etc .... Nevertheless the achievements of Swamy ji will outnumber any politician in India ,he has a risk taking mindset . One of my friend suggested Swamy is making such comments to become the finance minister . Me : The probability of Swamy doing so , is equal to the probability that you are not born . Swamy ji rocks , but i disagree with his views about demonetisation , GST and foreign policy of India .

[@sinara2]

Rajiv sir... As usual this is so informative and much needed... Prof is so clear in explaining.. thanks a ton

[@omkargawas2025]

What a punch at last. I have started thinking about the rope Making startup

[@krkraju7190]

Very good decision taken by NDA. Unfortunately opposition and media criticising it with no reasons.

[@ArjunSingh-iu9mq]

It was a good move

[@RajRaj-hv4yh]

Excellent and Humorous Prof. Thanks from USA.

[@sudhirsaleakanomad2051]

🤣🤣🤣👌👌" in India amount of ropes required will be so much that the rope Industry will flourish"

[@chetanb4911]

One must understand opposition never going to praise this... If they do they are out of political business...

[@Ghan2927]

Mr Malhotra. Mr.Vaidyanathan great information I am from Kerala. I have information from my state that One Divine Priest from Christian Clergy who was considered as critic said many Church authorities n Bishops had lot of black money same was deposited into banks n others could not.

[@austin426512]

Jairam.A. Shenoy they were used for conversions may be

[@kakarote8]

If I am correct Mr Subramanium Swamy is/was against Demonetization/GST ( I don't know why he didn't completely agree). So I would like to Mr Swamy and Prof Vaidyanthan have healthy debate on this.

[@sash9371]

I don’t think he was against. His issue was the implementation, which prof. Is also agreeing.

[@kakarote8]

Sanjay Shinde thanks. But still would like to see an actual debate bw two good intellectuals

[@namboodiries9069]

Very good. The Indian rope and vedanta rope!

[@umakantgajjewar8898]

So ISI and CIA is using swiss bank accounts to blackmail Indian politicians. Would be interesting to know which decisions were blocked/influenced by this blackmailing. Maybe someday investigative journalist can un-earth this topic and also make a movie about this.

[@bosepukur]

thank you sir

[@l.n.sdamodharan5531]

Thanks a lot for the explanation of demonetisation, GST and Black money. When ISI and CIA is able to identify the individuals who deposited money in Swiss, why not the Indian government do that? The best suggestion that, act can enacted that those indians who are maintaining money abroad can be treated as Indian government money is really fantastic. But the judiciary should not intervene. Nice presentation 👌

[@vikramdharma2958]

Any money kept at abroad by Indians should belong to govt of India is illogical. But anyway professor ji is absolutely right in all other ideas.

[@nandu9773]

Rajiv Sir, Make lengthy videos 40+ minutes

[@atulkotwal]

I see most of the small vendor's like coconut wala, chat/Pani Puri wala, kirana shop , idly wala , Bakery are opting for BHiM in their direct account in Bangalore, paytm is fading away slowly.

[@MMaheshThakur]

Atul Kotwal becoz no extra tax in bhim

[@झू.टूभ.येकाउंट]

Excellent discussion again... 🙏

[@PSHT11]

Very good information. Just one question, since Professor said that even all politicians have put their money in Swiss banks, I am sure it might be all politicians except PM Modiji and Sushma Swaraj ji, am I correct?

[@manojpri2002]

Dr swami also

[@chandrandec31]

I think RBI governor also sat on the idea and delayed the decision for about 6 months or so. If this time was used to generate more Rs 200 notes (which could have been introduced earlier), Rs 100 and 50 we could have brought down the amount of high value notes.considerably .The govt should have used these notes to pay at least the pensions through Post offices if not the salaries. This could have avoided the situation where you put 500 and 1000 Rupees note in the hands of pensioners ond 1st of Nov and withdraw the notes a week later. Maybe a portion of salary in cash transactions could have been in notes that were not withdrawn. That way these pensioners and salaried could have acted as a source of money circulation as well as reduced the number of people standing in queues.

[@muralidharkc2290]

Urjit Patel and Raghuram seemed to have different opinions regarding immediate need for demonetization and its implementation.Appears to have been timed to coincide with elections..

[@mayankdalal75]

but Subramanian Swamy was saying gst should be taken back its a failure and he was pointing out many loopholes in demonetisation too i am confused

[@m.schaudhry4196]

Excellent..

[@infinit128]

Whoever it may be before analysing or critical of policies undertaken by others he should come forward with suggestions or better one .there is no risk involved .

[@vijgokondkar7628]

Thank you for informative vid.

[@donaldxinping8206]

I Economist which we deserved instead of some Oxford post doc. Who said,, paise kya pedon par ugte hain 😒😒😒😒😒

[@bgkarkera2111990]

thanks a lot for the information.

[@vaibhavkumar7200]

awesome..

[@rajivranjanasthana3043]

I heard that after implementation of GST small scale industries were badly hit and some have already wiped out. Is it true? If yes why this has happened.?

[@nayanpragna1923]

Please teach Rahul Gandhi and other politicians about value of GST and its usefulness in Indian economy.

[@Omkar_Kashyap9]

Sir, I will subscribe to your channel and also recommend to all my friends only on one condition. If u make an extensive video on Cryptocurrency & Bitcoin , Blockchain & the future of Blockchain in India. As the Bear Market is about to end in 2019. I feel that India is missing the greatest opportunity of life time. And No media is discussing about it. Thank you...

[@1life2learn11]

@6:50 but if they had made cash available for the public then we will not have been using digital payments till now.

[@vinayak6309]

Sir container cash in kerala actually feeding jihads , can arrange a session educating this to the people

[@krupakarangovindarajan2664]

GST has been planned by Congress already so there is no credit for BJP. But there is wrong quick implementation with high % ppl are affected much then govt reduced the GST % for some segment products. This shows clearly its poor implementation. The question from you abt demonitisation and GST whether its benefitted ppl or not. This questions we will have to ask again and have to get actual gain and loss.

[@abinashkar]

Good for Rope Economy......HaHa !! Joke but no Joke.

[@infinit128]

It is expected that some sections of society will stand against any kind of bold step s if it goes against their narrow self interest.these forces will always try derail it.

[@AnandDwivedi]

Anand Kumar I respect both of u but I have worked in Naxal areas. Ur assumprtion is wrong. Why only CRPF is killed by naxal. There is another angle. Major corporates wants those areas to be audit free zone.

[@sudeshchandraagarwal7409]

May have affected personally many,but nation benefit prior to many cash businesses .

[@njraj]

Professor Vaidyanathan don't have a clear picture like Dr. Swamy about abolition of income tax. Many countries don't have income tax still flourishing. India need to abolish income tax which will double and triple our GDP growth, employment and address almost all the problems India facing today. Many tax heaven countries living with Indian wealth which will be stopped. Income Tax is communist and socialist idea where people have less trust in govt. or other institution. the concept of welfare state gone now. The more govt. the more problem we citizen have to face. The idea of minimum government - maximum governance getting louder and clearer now. Qatar is the best example how the country is progressing despite it has one income from oil and no income tax. Still flourishing.

[@chandrasekar9073]

This is the reason . The AICC leaders multinational citizenship also fond of High post in India like PM and party president etc. His other citizenship also to be cancelled and other country ba k transaction details to be reviewed. This is important like him, malya, and other top bankrupt criminals in india tk save our country too.

[@aadirai288]

Mera vyaktigat anubhav hai mai purvanchal u.p. se hu jab kuch khas elako ya majar masjid par mera truck lal balu lejata tha 20000 me se 5..6 hajar rs nakali note niklate the such ye hai ki porkistan nepal se nakali paisa purvanchal bihar ke kuch khas ekako me bhejta tha jnha se paisa pure market me failta tha jo ab band hain aap kisi bhi muslim se pucho to 1..2 karan modi virodh ka not bandi hi batlata hai. Ho skta hai porkistan ki aaj ke tabahi ke piche bhi eska hath ho kyuki bahut badi matra me nakali rs vo bhejte the.

[@fwefhwe4232]

Aadi Jug bilkul sahi bola bhai aap Google karna - foreign reserves of pakistan. 2016 k baad se hi decline hua hai. ham Hindu inn chutiyo ka wajan dhoo rahe the

[@vijayakumarralagopalan189]

Manmohan Singh critisised as public loot I dont know how when such a learned person like Mr Vaidyanathan supports with all facts.There some drawbacks. Are we not inconveniencd Whenever some bridge or some construction work on the way for some temperaoary period only and once it is completed, are we not feeling far better? Even GST is a good move. I dont know how Manmohan Sing presented an award for GST to Mr Jaitley for a successful implimentation after abusing it

[@umakantgajjewar8898]

Good to know that swiss black money is used by politicians of both parties, and they are telling one thing to public, but protecting one-another. What is the way out of this mess then? Will India get back its swiss money which was looted and stored into foreign banks? Why can't this money be brought back and used in projects which benefit poor Indians? Maybe it will happen when somebody like Rajiv Malhotra-Ji will become Prime Minister.

[@jacobsylas9872]

Who is nacksals in ur concern...muslims Christians environmental activists dalits .....who following sanatan.. they are good peoples...

[@sacredsoma]

rope economy will flourish :)

[@Jo-pv4jx]

NRI lost quite a lot of money, because there was no provision for them to deposit notes in any bank outside India.lost around £50 worth myself.

[@smartjaggu]

if finance minister doesnot know about demo, a decision which he should have taken, mr rajiv thinks its a good decision. which means if the ministers are not doing their duties its a good thing

[@MAHE-qz2jb]

The school boys are teach themselves 😀 Just go to the hotel and then eat whatever you want finally gives the money including some CGST and SGST ! Fools i had given 28 rupees extra money in the name of Taxes! Because 28 % of taxes gave it only choose to eat smoe idli in annpoorna hotel in chennai

[@AmarAmreshKumar]

Rope Economy.............Best

[@paganpower1790]

North meets South.

[@ravichandel8690]

imcome tax law was implemented by britishers on india and it will never bee removed as per transfer of power agreement 1947

[@austin426512]

Ravi Chandel really? So we are still not independent.

[@vishwakumar5125]

Very good decision by MODI.. Now Indian start believe that Govt have some power and it can do some thing... Otherwise no one considers Govt... Sab chahta tha... Ab... CA also suggest...maar le MODI ne...

[@ghost4613]

🙏Bharath Matha Ki Jai 🇮🇳 Congress Party = Black Money 💰

[@madhubalika7979]

Modi 2

[@rana0604]

LOL!!! Rope Industry will flourish

[@vikaskashov1165]

modi is visionary.............but people of india are ruled by papu familly

[@geethamadhusudhan536]

According to him GST is not successful in fully developed country like USA , den y modi shd.introduce in our country which is developing one , & already ppl were not able to get rid of unexpected shock of demonetization.

[@austin426512]

Geetha Madhusudhan we cannot copy every thing from USA.We have a different economy

[@bijimathew8551]

Haha.. prof. Sitting at his office has no clue whats happening in ground with gst

[@austin426512]

Biji Mathew your name says it all

[@hisilver]

Purely bullshit. I have seen people suffering because of demonetisation. It has not achieved any desired goals. Even the finance minister is not able to defend this. Who are these people? So called intellects canvasing for BJP..

[@alexwolf4000]

Demonetization was done to defund opposition, BJP became the Richest party after demonetization. Funding = win elections. No funding = loose election

[@psychoo16psycho51]

9:22 - Gangsta we are the costliest GST in the world

[@sathyaseelanramachandiran7535]

Rope economy ha ha ha

[@kilijolsiyar7561]

"As long as Bollywood and cricket are there, black economy will be there" claims the professor. Of course, he conveniently omits the fact that the financing of political parties, a far more murky activity than cricket or Bollywood is arguably one of the greatest generators of black money. And then you have allied activities such as election financing, financing of defections, kickbacks to politicians from industrial houses and the like that are seldom legal. Barring perhaps AAP, no political party divulges its sources of funding. I am also surprised that the professor does not distinguish between the informal economy and the black economy. Not all money in the informal economy is black; not all money in the formal economy is white. Indeed, the black and white economies in India are enmeshed in each other and cannot be separated. After all, most Indian households employ maids and most maids are paid in cash. Perhaps Professor Vaidyanathan could clarify whether the maid he employs is paid through the bank and whether he has registered himself as an employer of said maid. And paid the necessary taxes to the GOI as an employer. I am quite sure the theory he expounds here would be different from his actual behaviour. Demonetisation hurt the poor and people who toil in the informal sector very badly and that these two spokesmen of the BJP do not bother to discuss. Pathetic !

[@3rdworldman22]

Demonetization has not hurt the dollar holding rich people. But it has hurt and even killed many ordinary poor people who stood in line for exchanging their hard earned rupees.

[@kk-ys2jd]

Brahmins always support BJP. only rs 16000cr did not come back. But the amt spend on printing new money was 21000 Crore. Ridiculous .

[@MMaheshThakur]

k k u r wrong.. okk. No body is going to tell I have black money so take from me. O ly few cases got caught so we got only 16kcr

[@shaurav8008]

Even finance minister did not know. That is good thing? 😆 Chutiya! After watching your views on Europe refugee crisis I was impressed with you. But In this video you are just propagating govts narrative in elections time.

[@lakshmansuri3216]

For these param bhakts,modi is supreme being embodied with with all the knowledge of universe ( aquired in unknown subjects from known University). Only these wise man can see ( like the king's robes)and visualise the special benefits which no economist can fathom.

[@kushaq1173]

Mr. Rajiv Malhotra so called intellectuals around you , you engaged with, your followers will leave you when time comes. At the end most of them are selfish. I hope you understand your thoughts need to go village to village , to middle class. Then only target of IF will be achieved.

[@chaitanyakulkarni9141]

Once I thought the same

[@aashishsharma9106]

You do realise that the same is the case with similar so called left-wing and congressi intellectuals right? Everyone has their own biases and everyone is selfish. Thats human nature

[@BlensonPaul]

rope industry :-)LOL

[@rguha5225]

Prof Vaidyanathan uses lot of Hyperbole for comedic effect. Some of them are down right misleading & factually incorrect. for example: things he said about banks in Switzerland, black money & rules that govern banks globally are factually incorrect. he is just misleading people !! He should stick to facts. Mr. RM fails to ask follow ups or counter his utterances. may be he is ignorant too about banking laws.

[@kushaq1173]

Narendra modi batting for paytm is disaster.

[@shashankjp88]

Think with your brain, not some other body part plz

[@kushaq1173]

Swami himself said demonetization failed. So either of prof vaidynathan or sami is lying .

[@shashankjp88]

Thoda khud ka dimaag bhi lagao sir.. Secondly difference of opinion doesnt mean one is lying

[@siv78945]

Swamy din't say anything bad about the idea and need for it. He criticized the implementation as so RV.

[@rush-me]

Yaar! itna dekhne ke baad ye toh samaj lena chahiye ki everything is not black and white. Demonetization had many aspects to it and the full model was not even implemented (watch Rajiv Malhotra interview with "the real man behind demonetization").