US Dollar is biggest financial terrorist in the world, says Uday Kotak https://www.youtube.com/watch?v=QXC9BsiRLlU
Comments of Whats app
- I hear Uday saying our institutions need strengthening.
- if the US dollar is a financial terrorist in the world, because it uses it monopoly power over the economy, doesn't it follow that whoever controls the currency within the country is a financial terrorist within the country. We have seen the RBI being asked to give it reserves to the govt, which increasingly bringing taxes under cover like the changes in Taxation on Debt instruments a few days before its implementation leaving little maneuvering room for small investors, retired person who needed to run to CAs at the last minute, just to understand the new provisions..
In fact it is now the banker who find it more profitable and safe to give loans for activiities that generate more money, rather than any production/services, that terrorises the economy like we saw in the Adani case. All the money, all the public assets, and all the public policy are now held hostage..
3588 https://youtu.be/BoJV-ouJndg?list=PLqie7QTkNnMbao8j-BIC58fG-Sp3JyySF&t=3760
Animal Spirits discussion preceded this byte.. https://www.youtube.com/embed/BoJV-ouJndg?start=1651&end=1895 G20 Sherpa Amitabh Kant said that private sector has been given the incentive by reducing tax rates 1.45 lakh crores.. Now the private sector must take the risk.. ( Did he mean the public who gives the money or produces the wealth ..?)
After that Kotak said The geo-politics is being handled brilliantly, valuations are now attractive, and India is offering stability.. but the challenge is to get the broader corporate India to invest. https://www.youtube.com/embed/BoJV-ouJndg?start=1895&end=2054 .