⭐️ Think School’s flagship Communication course with live doubt sessions :
https://thethinkschool.com/sp/communication-masterclass/
VIDEO INTRODUCTION:
Hi everybody,
When Modi ji became the prime minister of India, one of the most important agendas he had was to eradicate the black money in India!!!
But the question is, 10 years, 1 demonetisation, 2 modi terms and several GST reforms later, have we really succeeded in eradicating black money!!
Well these are some figures that I found which scared the hell out of me
According to ahmedabad customs, the amount of smuggled gold seized at the airport has seen a 65% rise in fy24 where in 241.1 Kg of gold as in 179 crores worth of gold was seized!! And this 5 year trend shows that the amount of smuggled gold from the Sardar patel airport is increasing at an alarming rate!!
Secondly, RBI says that there was a 102% increase in the number of fake 500 rs notes in the Indian economy!! So counterfeit currency is still a growing problem!!
And most importantly, I was shocked to know that there is even an black stock market system in India!! And this system is so big, that while the average daily trading amount in NSE is ₹1.02 lakh crores, in this black stock market, the average daily trading amount is estimated to be 0.7 lakh crores!! Which means, 0.7 lakh crores worth of black transactions are happening every single day just like the national stock exchange!!
So the question is, have we really succeeded in eradicating the black economy!! And you know what?? You would be shocked to know that, the root cause of everything from smuggling, to black market to even the underworld and crime, everything is linked to just 1 variable, that is taxes!!!!
So with the budget announcement coming,
The question is,
How are taxes directly used as an instrument of wealth by the underworld and smugglers of India?
How does the black market and black stock market get created because of the tax system?
If we have zero tax in India? What could happen to our economy?
And most importantly, since black money is a virus to our economy, what is the most practical way to eradicate it???
Our Best Indian Business Case Studies:
1. Asian paints - https://youtu.be/jGT6ob8hV6M
2. Amul - https://youtu.be/nnwqtZiYMxQ
3. Haldiram - https://youtu.be/Z7P-t_yc8gE
4. Lijjat Papad - https://youtu.be/EdpoEmifW7M
✅Study Materials:
Situation in India today:
1) https://www.moneycontrol.com/news/business/markets/regulators-may-soon-stop-exchange-passbacks-to-brokers-discount-broking-stares-at-disruption-sources-12748923.html
2) https://m.economictimes.com/news/economy/foreign-trade/india-increases-import-duty-on-gold-and-silver-findings-coins-of-precious-metals/articleshow/107071322.cms
Reaganomics:
3) https://www.reaganfoundation.org/ronald-reagan/the-presidency/economic-policy/
4) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3338628
Think School is a Digital School that we all deserved, but never had
►►Check out Think School's Online courses: https://www.thethinkschool.com
Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.
#thinkschool #businesscasestudy #geopolitics #stockmarket #budget #tax #india #business
Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost, WildFilmsIndia
https://thethinkschool.com/sp/communication-masterclass/
VIDEO INTRODUCTION:
Hi everybody,
When Modi ji became the prime minister of India, one of the most important agendas he had was to eradicate the black money in India!!!
But the question is, 10 years, 1 demonetisation, 2 modi terms and several GST reforms later, have we really succeeded in eradicating black money!!
Well these are some figures that I found which scared the hell out of me
According to ahmedabad customs, the amount of smuggled gold seized at the airport has seen a 65% rise in fy24 where in 241.1 Kg of gold as in 179 crores worth of gold was seized!! And this 5 year trend shows that the amount of smuggled gold from the Sardar patel airport is increasing at an alarming rate!!
Secondly, RBI says that there was a 102% increase in the number of fake 500 rs notes in the Indian economy!! So counterfeit currency is still a growing problem!!
And most importantly, I was shocked to know that there is even an black stock market system in India!! And this system is so big, that while the average daily trading amount in NSE is ₹1.02 lakh crores, in this black stock market, the average daily trading amount is estimated to be 0.7 lakh crores!! Which means, 0.7 lakh crores worth of black transactions are happening every single day just like the national stock exchange!!
So the question is, have we really succeeded in eradicating the black economy!! And you know what?? You would be shocked to know that, the root cause of everything from smuggling, to black market to even the underworld and crime, everything is linked to just 1 variable, that is taxes!!!!
So with the budget announcement coming,
The question is,
How are taxes directly used as an instrument of wealth by the underworld and smugglers of India?
How does the black market and black stock market get created because of the tax system?
If we have zero tax in India? What could happen to our economy?
And most importantly, since black money is a virus to our economy, what is the most practical way to eradicate it???
Our Best Indian Business Case Studies:
1. Asian paints - https://youtu.be/jGT6ob8hV6M
2. Amul - https://youtu.be/nnwqtZiYMxQ
3. Haldiram - https://youtu.be/Z7P-t_yc8gE
4. Lijjat Papad - https://youtu.be/EdpoEmifW7M
✅Study Materials:
Situation in India today:
1) https://www.moneycontrol.com/news/business/markets/regulators-may-soon-stop-exchange-passbacks-to-brokers-discount-broking-stares-at-disruption-sources-12748923.html
2) https://m.economictimes.com/news/economy/foreign-trade/india-increases-import-duty-on-gold-and-silver-findings-coins-of-precious-metals/articleshow/107071322.cms
Reaganomics:
3) https://www.reaganfoundation.org/ronald-reagan/the-presidency/economic-policy/
4) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3338628
Think School is a Digital School that we all deserved, but never had
►►Check out Think School's Online courses: https://www.thethinkschool.com
Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.
#thinkschool #businesscasestudy #geopolitics #stockmarket #budget #tax #india #business
Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost, WildFilmsIndia
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