we are not utilizing our human resources efficiently.
That's quite literally the only thing we have.
we are not utilizing our human resources efficiently.
Lol. Currently I am paying taxes on my Indian income to US and California government !!
Nilesh Shah (@NileshShah68) Tweeted:
We must have done something right in abandoning RCEP, as all the " Friends" are calling it a historical blunder.
- Free trade but not Free Visa
- $ 58 billion trade deficit with China but no balancing
- Transparency at your end but not on our side
India makes historic blunder in abandoning RCEP trade deal ( )
Nilesh Shah (@NileshShah68) Tweeted:
We must have done something right in abandoning RCEP, as all the " Friends" are calling it a historical blunder.
- Free trade but not Free Visa
- $ 58 billion trade deficit with China but no balancing
- Transparency at your end but not on our side
India makes historic blunder in abandoning RCEP trade deal ( )
From the very begining I had my reservations about RCEP and I had written about it here also. Thank god for giving better sense to Modi. We will do very well by staying out of it. RCEP will benefit China the most followed by smaller nations with small populations. For India it would have been an unmitigated disaster.
All resident aliens in US have to pay taxes on global income. I don’t need to pay taxes to Indian govt on my Indian income due to avoidance of double taxation treaty.Are you an NRI or an American citizen? 'Cause the latter has to pay taxes to the USG on global income.
NRI has to pay taxes on Indian earnings to Indian govt and foreign earnings to foreign govt.
INCREMENTAL reform is much better than Laying out the RED carpet for Anarchist forces in the country
It is very easy to LABEL a Govt as
ANTI poor , Pro Rich , Anti Worker, Pro Capitalist
Talk about Reforms when we are able to
get rid of BSNL and MTNL
Every person in this Country has a POLITICAL leaning , An ideological leaning
There are ALL kinds of Entrenched Groups and Vested Interests
Balancing Everything is not easy
Mis steps by the Government costs it heavily in terms of Political Good will And Political Capital
All resident aliens in US have to pay taxes on global income. I don’t need to pay taxes to Indian govt on my Indian income due to avoidance of double taxation treaty.
I am about a closed economy. We must not import anything which we can produce ourselves in India. Only very essential imports should be allowed and for that too we must choose only those nations which do reciprocal trade with us. Why must we import Candles and Diyas? Let us give same duty concession to our own people. The loss of revenue will be greatly offset by the jobs people will have and by the market we will have. We are a huge nation and also one of the biggest markets due to our large middle class. World needs our market but we need jobs for our people. These FTAs help other nations and take away jobs from our own people. You can argue about lack of competition and return to the days when an Ambassador car had different models by just changing the shape of headlights. But we need to go back to a closed economy. I am also against free float of INR. China till date does not have it. They determine the exchange ratio. We did it in our bad days, now we are much bigger economy and we must revert back to early 90s.
Lastly, china imports from us only the essential items like ore and nothing else. Not even vegetables while we have chinese onions in India and chinese rice.
Thats the reason I say that we must become a closed economy the way we were in 18th century when we had 25% of the world GDP. The hardest Hit will be china and ASEAN tigers.Spinning mills in Coimbatore went for huge loss since last month.
Reason - cheap import from Chinese mills.
For all we know china could buy cotton from Pakistan and sell the yarn in India.
Jab gxxnd lagi phatne toh prasad lage batne.A lot of "persuasion" from China to India to join the RCEP :
RCEP countries committed to work with India to resolve trade deal issues: China
China urges RCEP members to include India in trade bloc
Any links you can provide for me to read up on.China is cold shouldering the EU when they asked for preferential treatment in investment in China like they've extended Chinese cos in the EU. Expect fireworks there , shortly.