INDIAN ECON, POLITICS, SOCIETY + BTC PRICE

[Bitcoin Smith]

Checks and balances and creamy layer rule doesn't apply to SC-ST. Your parents can be politicians, IAS-IPS, high ranking officer in government, army or doctors but still, you will get all the perks of reservation and face no competition.

That's right and it's fair only when we include the income rate as one of the criteria to access the reservation perks so it will reach the people who actually need not the one who exploits the system. Why I said I am taking neutral is just because I witnessed it really helped some in the quota system who deserves that but it's like 1 against 1000 that’s what the problem I guess.

[JSRAW]

Checks and balances and creamy layer rule doesn't apply to SC-ST. Your parents can be politicians, IAS-IPS, high ranking officer in government, army or doctors but still, you will get all the perks of reservation and face no competition.

That's right and it's fair only when we include the income rate as one of the criteria to access the reservation perks so it will reach the people who actually need not the one who exploits the system. Why I said I am taking neutral is just because I witnessed it really helped some in the quota system who deserves that but it's like 1 against 1000 that’s what the problem I guess.

I don't see reform taking place anytime soon, Some were hoping that judiciary will bell the cat but they want government to take stand on it and, centre and state has no balls to even discuss this matter. In fact, likes of Rahul Gandhi double down on it.

May be some are doing hard yards  behind the close door but atm overall narrative around it looks dangerous because of Congress antics.

[pawanjain]

Another devastating news from Palgham, Jammu & Kashmir today where f***ing terrorists shot Non-Musim tourists after checking their identity.
This news has brought a storm in India and I personally feel really angry on such an in-humane and henious act.
Those terrorists should be captured and their throat should be cut and slaughtered in front of camera to show those people their fate for such evil act.

[JSRAW]

Ben choo when I thought something good was going on in Kashmir, these fuckers comes back in the news again and look at the timing of attack. US vice president is on visit, someone must be desperate for some attention and sleeper cells came out of their holes and gunned down innocents.

This attack is a reminder that you can't be complacent.

Edit

Indus water treaty suspended!

[JSRAW]

Bencho this case is perfect example of how clueless our judiciary is when it comes to BTC. Prosecutor, Defense, Bench or police, policymakers and politician every one is running around like a headless chicken.

One person is in jail since August last year and struggling to get a bail. From the article it seems that no one in court understand what's happening and policymakers outside the courtroom don't care, actual argument mast ho rahe honge wahan par. Bechare ko sahi treatment mil raha hoga jail mein, bet sab uski class laga rahe honge jail mein.

https://www.deccanherald.com/india/trading-in-bitcoin-in-india-is-refined-way-of-doing-hawala-business-supreme-court-3525773

[TheUltraElite]

Woke up today to the news of India having run a successful air-strike against Pakistan

I never support any war but this move was necessary to strike fear into the hearts of those who stand with terrorism. A bit of battle preparedness is also needed among the Indian locals as well.

Watching closely as the aftermath unfolds.

[Bitcoin Smith]

Woke up today to the news of India having run a successful air-strike against Pakistan

I never support any war but this move was necessary to strike fear into the hearts of those who stand with terrorism. A bit of battle preparedness is also needed among the Indian locals as well.

Watching closely as the aftermath unfolds.

Yes, drills and awareness given to the people in case of something bad happens but there won't be any war, it's bit exaggeration.

[JSRAW]

Har 4-5 saal mein yahi repeat ho raha hai, and I am afraid its not going to stop.

5-6 saal ki peace, then terrorist attack and followed by retaliation just to calm things down. Conventional war is not an option because of nuclear so we now are stuck in a endless loop.

[Mastercon]

Imagine you gave all your gold to a bank, but the bank could decide on exactly what the properties of gold are. So one day, the government blames it for some economic crisis and passes a law saying that gold is now iron. All the banks fall in line and your gold is now a comparatively worthless base element. This is the risk that bitcoin faces.Trusting a custodian in bitcoin is dangerous in ways that custody of other assets doesn't even come close to matching.Very much so, it's absolutely defeating the entire point of bitcoin which is to eliminate counter party risk. More for you and I. The idea is to accumulate as much bitcoin as possible, and get rid of as much fiat as possible. When you stop thinking about your stack in terms of its USD value, those concerns no longer matter.When there is more bitcoin offered to be sold than demanded to be bought, seller competition bids prices down causing there to be less sellers and more buyers.
When there is more bitcoin demanded to be bought than offered to be sold, buyer competition bids prices up causing there to be less buyers and more sellers.

This is constantly happening in order to reach a state of equilibrium to "clear the market". You can determine who is changing the price by looking at who owns the bitcoin being transacted. Which is some rich people, but also a large aggregate of normal people/"retail investors". We can't really say for sure though since we can't always identify the person behind a given transaction on chain or off chain let alone every single transaction.

[pawanjain]

A good initiative from the Indian government has come into news for real estate buyers/sellers.
A new registration bill has been drafted which will overhaul the existing registration process and digitize the whole registration process.
This will reduce the paper work and middle men involved drastically and improve transparency.

It will also substantially decrease the below commonly occuring real estate frauds.

• Selling same property to multiple people
• Selling property on illegal/restricted land
• Selling property which the seller doesn't even own

Source: https://www.cnbctv18.com/real-estate/draft-registration-bill-2025-new-proposals-property-buying-india-digital-land-records-19614638.htm

[Bitcoin Smith]

A good initiative from the Indian government has come into news for real estate buyers/sellers.
A new registration bill has been drafted which will overhaul the existing registration process and digitize the whole registration process.
This will reduce the paper work and middle men involved drastically and improve transparency.

If I am not wrong, the government also tried this in trial phase on a very few places and this I read years back but since then there is no update hopefully this will be the final proposal to bring. Real estate registration is one of the place where we don't see the actual value of the property and no stamp duty paid that will go black into the rich pockets. However, I doubt this will completely eliminate them because they always find a way to pay less to government and bribe the officer with some part to make them happy.

[JSRAW]

A good initiative from the Indian government has come into news for real estate buyers/sellers.
A new registration bill has been drafted which will overhaul the existing registration process and digitize the whole registration process.
This will reduce the paper work and middle men involved drastically and improve transparency.

If I am not wrong, the government also tried this in trial phase on a very few places and this I read years back but since then there is no update hopefully this will be the final proposal to bring. Real estate registration is one of the place where we don't see the actual value of the property and no stamp duty paid that will go black into the rich pockets. However, I doubt this will completely eliminate them because they always find a way to pay less to government and bribe the officer with some part to make them happy.

Directly connected to long term capital gain tax on property. Sellers wants to sell due to this and buyers wants to save money on stamp duty.

Isliye toh half deal cash mein hoti hai, lower-middle class ki white money hoti hai but in big deals 99% is black money, it's well oiled machine and property market crash ho jayegi agar actual reform hua toh aur lobby bahut strong hai iski. Lower-middle class will benefit the most because of affordable housing.

[pawanjain]

If I am not wrong, the government also tried this in trial phase on a very few places and this I read years back but since then there is no update hopefully this will be the final proposal to bring. Real estate registration is one of the place where we don't see the actual value of the property and no stamp duty paid that will go black into the rich pockets. However, I doubt this will completely eliminate them because they always find a way to pay less to government and bribe the officer with some part to make them happy.

Directly connected to long term capital gain tax on property. Sellers wants to sell due to this and buyers wants to save money on stamp duty.

Isliye toh half deal cash mein hoti hai, lower-middle class ki white money hoti hai but in big deals 99% is black money, it's well oiled machine and property market crash ho jayegi agar actual reform hua toh aur lobby bahut strong hai iski. Lower-middle class will benefit the most because of affordable housing.

I believe that black money won't stop here because its just the process of digitizing the paper work involved with property registration.
It's not restricting us to use the black money in any way. Just like today, black money transactions will still be done in cash.
I can still go ahead do all the process online and pay/receive the cash when required. Nothing changes except for storing the property records online.

[TheUltraElite]

I am thinking of keeping this thread active for daily discussions, what do you people think?

Have any of you boarded the Vande Bharat trains? I have done so a couple of times in the past and with the unveiling of the Srinagar-katra route, I think a lot of pilgrims and tourists are going to come up in this route specially to see the spectacular Chenab bridge.

[JSRAW]

Only 2 times and on the same route delhi-katra, visited mata vaishno devi with full extended family for baccho ka mundan.

This route was already good but vande Bharat is positive upgrade for sure. I am kind of laid back person even in chaotic desi environment so nothing to complain.

RRTS ki bahut tarif sunta hun but abhi koi plan hi nahi bana Meerut ke taraf Jane ka.

[Bitcoin Smith]

I am thinking of keeping this thread active for daily discussions, what do you people think?

Why not! We will never run out of contents when it is about economics and politics.

I never travelled in trains except the local one with maximum of 10–15 minutes a few times in my entire lifetime.
Who is watching the latest news regarding India's GDP growth which surpassed Japan in the latest IMF report and currently India stands with 4.18 trillion dollar GDP and claimed 4th spot. But is it really tells us the real story? No it doesn't because Per capita Income of India is around $2000 while Japan's $33K so what it really tells us is the gap between rich and poor in India is getting wider that is a cause of concern with our financial policies towards economic development in our country which only focus on super rich and leaving the small business behind.

Real growth of a country's economy is when more people live a better life not just the 1% of total population.

[TheUltraElite]

Only 2 times and on the same route delhi-katra, visited mata vaishno devi with full extended family for baccho ka mundan.

This route was already good but vande Bharat is positive upgrade for sure. I am kind of laid back person even in chaotic desi environment so nothing to complain.

RRTS ki bahut tarif sunta hun but abhi koi plan hi nahi bana Meerut ke taraf Jane ka.

Well the routes were started with religious sites being tourist attractions as first, I dont mind that because common people are being benefited by that as well.

However I think now they need to change their focus and improve the current systems over introducing new trains and routes.

I never travelled in trains except the local one with maximum of 10–15 minutes a few times in my entire lifetime.

Well either you could not travel due to some constraints in the past or that you have been flying to places, which I am jealous of because flight tickets burn hole in my pockets.

Real growth of a country's economy is when more people live a better life not just the 1% of total population.

India needs a lot of work, some of which is not possible unless the root causes are eradicated, we have to work around them. Still growth is happening but some places will remain as they were even 20years from now.

[JSRAW]

However I think now they need to change their focus and improve the current systems over introducing new trains and routes.

If you are implying upgrading existing railway tracks then yeah we need to focus on that, at least moderately if not on war footing. We need this badly if we want average speed to go up to 170-180 atm it's 110-130.

Both things could go together and it's necessity as newly introduced trains are huge upgrade for common folks and they must modernise ( india is hot so AC coaches must be norm)and decommission old coaches. They should also go bonkers with sleeper trains and RRTS (Regional Rapid Transit System).

[pawanjain]

I never travelled in trains except the local one with maximum of 10–15 minutes a few times in my entire lifetime.

How do you travel to other places then ? You must be filthy rich if you are travelling through air or by road using own vehicle.
Trains are for middle class people like me. I have been travelling through trains my whole life.

Have any of you boarded the Vande Bharat trains?

Nah, it's too expensive when compared to other trains. I mostly prefer travelling in 3A/3E train.
Gareebi nikalti he nahi hai, kya kare.

[Bitcoin Smith]

I never travelled in trains except the local one with maximum of 10–15 minutes a few times in my entire lifetime.

Well either you could not travel due to some constraints in the past or that you have been flying to places, which I am jealous of because flight tickets burn hole in my pockets.

I simply didn't have the opportunity in my early days due to not availability of train in my local and later I get used to the Bus Journey for longer distances, No I won't recommend domestic flight unless we can't have an option because it's shitty most of the time and you will be pissed instead any experience..

Real growth of a country's economy is when more people live a better life not just the 1% of total population.

India needs a lot of work, some of which is not possible unless the root causes are eradicated, we have to work around them. Still growth is happening but some places will remain as they were even 20years from now.

And in some sectors, it is getting worse such as textile industry we used to dominate until the last decade now we are importing from Bangladesh because they can produce the same quality for much cheaper than what we do here and this list can goes on. So government should also focus on the middle class who are the milking cows of every economy to generate taxes via indirect taxes with no questions asked no matter what government impose, but if it reaches to unbearable then the economy will starts crumbling and we got enough examples from other countries.

I never travelled in trains except the local one with maximum of 10–15 minutes a few times in my entire lifetime.

How do you travel to other places then ? You must be filthy rich if you are travelling through air or by road using own vehicle.
Trains are for middle class people like me. I have been travelling through trains my whole life.

Nah, I am not that rich, can be in the middle of middle and upper middle class. Almost every household owns a car now but what we can't afford is the fuel price and now the toll fares are added to the list.