Discover and read the best of Twitter Threads about #DeMo
Most recents (4)
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There is lot of debate if #Demonetization is a success or failed. Naturally, the duffer @RahulGandhi jumped into it and has only one point to make based on Steering team report. Who makes that report NETA, do they know #DeMo NO
Here are few point I collected via WA
There is lot of debate if #Demonetization is a success or failed. Naturally, the duffer @RahulGandhi jumped into it and has only one point to make based on Steering team report. Who makes that report NETA, do they know #DeMo NO
Here are few point I collected via WA
2
The Government of India decided to cancel the Legal Tender Status of Rs.1000 and Rs.500 denomination currency notes on 8th November 2016 with several objectives: (i) flushing out Black Money, (ii) eliminate Fake Indian Currency Notes (FICN),
The Government of India decided to cancel the Legal Tender Status of Rs.1000 and Rs.500 denomination currency notes on 8th November 2016 with several objectives: (i) flushing out Black Money, (ii) eliminate Fake Indian Currency Notes (FICN),
3
(iii) to strike at the root of financing of terrorism and left-wing extremism, (iv) to convert non-formal economy into a Formal Economy to expand Tax Base and employment and (v) to give a big boost to Digitalization of payments to make India a less cash economy.
(iii) to strike at the root of financing of terrorism and left-wing extremism, (iv) to convert non-formal economy into a Formal Economy to expand Tax Base and employment and (v) to give a big boost to Digitalization of payments to make India a less cash economy.
A thread on #UPI PSPs who come in all shapes and sizes, Some history from 2016, some thoughts on bank led model, API gatekeeping, unbundling of #UPI, hierarchy of players, business impact.
#UPI hit the market with ~18 banks going live in July 2016. All of them released an app, had their own PSP backends, were issuers. A week later @PhonePe_ became the first non-bank PSP with an YesBank partnership operating its own PSP backend.
Days later few more apps built by startups hit. All of them with YesBank partnership, using Yesbank PSP backend. SBI and HDFC were largely holdouts to UPI, did not have choice but to launch post #DeMo
I don't know about elections. But last week in Rajasthan - I have heard innumerable stories about small businessmen just wrapping up their companies. All impacted by #Demo and #GST. You guys can make a mockery of people's problems - but truth is people have been impacted.
My husband and I were in a car discussing GST and Modi along with Gujarat election - our driver suddenly says - Are Modi jee ko toh bas karna hai 'Mere Pyaare Bhaiyon aur behenon'. Madame humara mehendi ka business tha - band kar diya. Ab gaadi chala rahe hain.
My husband's cousin starts chatting up GST and how our company is handling filing. I gave him a lowdown on how we have hired a firm to manage.
He says - For TWENTY TWO days no business happened for us.
Do you understand what is 22 days without work?
He says - For TWENTY TWO days no business happened for us.
Do you understand what is 22 days without work?
1/ Just finished meeting with a Dhule based SME entrepreneur who's "finished" due to #DeMo aka notebandi. Also insensitive bankers.
2/ The gentleman is a third generation onion trader. Uses to be a Really big trader. He allowed his son to set up SME for onion dehydration
3/ Being in onion business, he knew his onions. So a state of the art , modern manufacturing plant was set up, part funded by bank.
