Comments by "Raju" (@rajx7120) on "Learn from a top Pak economist how serious its crisis is, u0026 why populist policies are so perilous" video.

@mrgyani Corporate tax cut creates jobs. Loans are not waived off, but written off and marked for recovery . Free ration is for Covid period only. Bullet train creates jobs, and also generates revenue in long-term. Kejriwal is giving free bijli without checking the cost of bijli, and existing debt of the state. Instead of giving free bijli, he should give money to buy bijli. Way of implementing is wrong.
6
If one sector is making so much money, then other sectors should be subsidized, rt? Then the money printed for the subsidy, would depreciate the currency, to counter the appreciation by one sector. Isn't that a logical thing to do?
1
No they are following real Islam. Islam became somewhat tolerant after it's interaction with Hinduism. Then Deobandis tried to undo all Indic influence, and take them back to original Arabic one, because they thought Muslims lost to British, because of the tolerance they learnt from Hinduism. Tolerant Islam is actually the untrue, but evolved Islam. Deobandi, Salafi and Wahabbi disliked innovations adopted from other religions and cultures.
1
UPA had such high inflation, compare with now.
1
RBI governor can't create growth! Finance minister and Commerce Minister do. RBI's job is to control inflation and check the health of banks. Nothing more than that. Shaktikanta Das has done a principled job, in controlling inflation and doing audit of many cooperative banks that were failing due to political interference of Congress politicians. Especially, PMC bank, Lakshmi Vilas Bank. NPAs are under control. Our ministers have successfully, run PLI schemes, for increasing exports. Highest exports ever.
1
@mrgyani Corporate tax cut are not for demand side issues. It's for increasing investment by corporates. There has been stagnation of private investment. It will not be passed to consumers, but to employees, who are consumers, further trickling down. The problem with giving money to people is that, people will import from China, and local manufacturing gets neglected. Demand side measures benefit existing factories, somewhere else in the world, but doesn't create new ones locally.
1
@mrgyani High speed rail itself is not loss making. The routes can be profitable or loss making. China built unnecessary routes to villages, that have to be subsidized. It was profitable as long as it was between cities. But they overbuilt for prestige, and got into debt trap. Similarly, if HSR is between cities, then it will replace air travel, and be cost effective and eco-friendly.
1