new Currency - give way 2 bigger & better corruption?

Agreed with your view.

A guy like the one in CATCH ME IF YOU CAN is there anything is possible. This mental sarkaar of modi instead of taking out khota notes and khota note manufacturer, idiotically changed notes and made it easy for black money ppl to store double money than before. So..now when new fake notes come into market again. Modi and Arun jaitley will keep changing notes. End result is common man is sufferer.

Atleast my colleagues won't be happy to see this reply. See point is.. Law is supreme. One has to follow law, no matter what. But people tend to break rules when nobody is watching. Police man catch if he finds you breaking a particular law. Now you want to catch thrives. You elect one among them to make laws to catch thrives. So when you ask theif to make laws to catch thieves. Naturally theif will make only such laws which theives can break and make a living. So naturally any change in law (demonetization) won't affect thieves. Or else how do you think you are not able to find a single politician in queue outside banks. Thieves knew beforehand that law is about to be changed. Again common man got fooled, as he came to know about new law in the end. So electing Modi unanimously was it good decision is left to be thought by citizens of this great country.

1. With due respect: let's not use bad language here about anyone, especially high profile persons like PM and ministers. 2. This is not an appropriate venue to share political views. Nevertheless I'll try to clarify a few points but I hope the thread will not be stretched. 3. Shri. NaMo is a great individual who has boldly taken excellent and honest decisions for the good of people. Compared to any previous govt, he is outstanding and mostly receives support from all quarters, especially the young, educated and common man. 4. Demonetization is a step in the right direction. It greatly cleanses current black money in the society and deters people from accepting huge cash in transactions in future. It's simple logic: even with the introduction of 2000 notes, people will get scared to accept them because they'll be harder to circulate and also might become useless if govt changes them again overnight. Hence, my advise is to not rush in judging anyone or anything. Wait an year and you might see the results. At least appreciate the man. For he has tried to take a step that no govt in the past dared to.

I voted for Mr. NARENDRA MODI. I celebrated when he got elected. I was proud when he was welcomed all around the world.. and then one day he came on TV and said and i quote " from tonight 500 rs and 1000 rs note will be not legal tender from midnight tonight".. excellent job Mr. Modi we are with you on this. My first question is, that night 82 % of circulated money came to no existence. Money worth 14 lakh crore, how much money are you gonna inject back to the economy for cash transactions. If it is not at least 50% how will Indian economy survive next 6 months. I wanna see. First phase of this will wipe out small businesses and traders which consists of 13 percent of Indian population, selling basic commodities. Who pay tax but not what they should- reason -government doesn't do anything for them. 2nd phase will impact service industry. According to an estimate 63 % people will loose job, retail industry will dry out for at least 2 years. Unemployment will increase 500% . Exports for any reason will not increase as we dont have production capabilities, Inflation will be all time high. Real estate market will crash for at least 10 years. Labour coming from small villages working in construction will have no job's. In short we as the nation got raped that night by our very own PRIME MINISTER. People died as they didn't get medical treatment. Auto drivers, taxi drivers will not be able to pay their loans and will loose their source of income. Luxury market will no longer exist. Malls will shut down, restaurants will shut down. So the people who get their salaries in Bank accounts please stop celebrating, because you are next. We pay enough in-direct tax to develop and sustain india. India doesn't run on straight economy. We run on parallel economy. Reason being if we pay tax to actual value prices will increase, so will our income. Look at the level of income tax we pay, if every citizen of india pays 5000 rs one time as tax- it is enough for india to sustain for 9 years. There are alot more models to clean black money and cut corruption. In short no one is out of this crisis. "MR. MODI aache din aagaye" come out and see the celebration on the streets with us. Hats off to you sir. you can control Media, but people will not stay quiet for very long. I choose to wipe toilets in a foreign country then live under your government. We are a democracy not a dictatorship. So stop being one.. and people please wake up and fight for your rights!! Stop praising and think about it. Educated Indian!!

Will will will .. I could count about 25 wills in your reply. Why not wait and see for an year? Relax. Good steps always lead to good results eventually despite temporary inconveniences.

Last demonetisation was in 1978. Whether it was successful or not, there was not much of a commotion then. Now 38 years later there is another demonetisation. And there is a big turmoil. What is the reason?  Between 1978 and 2016 prices have increased a 100 times. If money was hoarded in lakhs then it is now in crores. But still 500 and 1000 are the highest denominations. Thus they became 'currencies'. Since higher denominations were not available they also continued as hoarded wealth. As a result common man was hit.  When the value of the Rupee went down higher denomination notes, say 2000, 5000 or even 10000 should have been printed as bait for hoarders. There will not be much fake printing of those notes as they will not be much in circulation. They suddenly those notes should have been cancelled. Public would not have been affected. Modi could not have done this in 2 years.

Read this fully to know what is crony capitalism. If you couldn't understand properly. Meet me for a coffee or 121 to know in detail. I got this Post from another Friend's Time Line The Masterstroke Policy of Demonetization: The media is hailing Modi�s demonetization of old 500 and 1000Rs note as a masterstroke policy on curbing the menace of black money. Really?? Hmmmm... Let�s have a look into few figures. � What if I told you that total Bad Loans of Indian Banks right now is close to Rs. 6,00,000 crore. � What if I told you that PSU Banks are in a miserable condition right now, and need immediate infusion of money to shore up their lending capacities? � What if I told you that few weeks back credit rating agency Moody�s had stated that Indian Banks require Rs. 1.25 lakh crore capital infusion? � What if I told you that in July 2016 the Centre injected 23,000 crore into 13 Public Sector Banks? � What if I told you that Jaitley said it in 2015 that the Centre would pump in more than 70,000 crore in PSU banks in coming 4 years? And. What if I told you that this demonetization is nothing but a measure to infuse money in those ailing Banks so as to shore up their lending capacities? . Can�t you see people queuing up banks to deposit their hard earned money, waiting hours for their turn? What other �Masterstroke� would have made this possible? Just trigger the panic button by stating that your old 500 and 1000Rs. currency is no longer a valid legal tender, and Voila!!! People are queuing up since morning to deposit their hard earned money. What for? To curb the menace of black money? By bringing in new Rs. 2000 note? You don�t curb black money by bringing in notes of higher denomination. In fact, you are now simplifying hoarding of black money by bringing in new notes of higher denomination. . Ok. So what would banks do with the fresh infusion of money from public pockets? Lend of course. That�s what their business is. And to whom would these banks then lend their money to? You? Me? So sweet of you :p . You are in the deposit queue dear. . The following are in withdrawal queue: (Note: the figures in bracket are their present repayable amount which they owe to various banks) 10. GVK Reddy (GVK Group) (33933 Crores) 9. Venugopal Dhoot (Videocon Group) (45405 Crores) 8. L. Madhusoodan Rao (Lanco Group) (47102 Crores) 7. G M Rao (GMR Group) (47976 Crores) 6. Sajjan Jindal (JSW Group) (58171 Crores) 5. Manoj Gour (Jaypee Group) (75163 Crores) 4. Goutam Adani (Adani Group) (96031 Crores) 3. Shashi Ruia & Ravi Ruia (Essar Group) (101000 Crores) 2. Anil Aggarwal (The Vedanta Group) (103000 Crores) And Finally 1. Anil Ambani (Reliance Group)(125000 Crores) बैंकों पर आज लगी लंबी कतार में- क्या आपने किसी मंत्री को देखा क्या आपने किसी नेता को देखा क्या आपने किसी उद्योगपति को देखा क्या आपने किसी बड़े अफसर को देखा क्या आपने किसी जनरल को देखा तो क्या सारा काला धन उस आम आदमी के पास है जो सुबह से शाम तक धक्के खाता रहा. The govt. just carried out a surgical strike in your pockets, and now you are running like chickens. That�s how crony capitalism works. Now call me whatever you like- Marxist, Communist, Anarchist, Congi agent, Conspiracy theorist blah blah blah blah

Politcians try to divert attention when not able to solve the problems.

 

This steps has put the people at lowest level in hardships and money the Govt will save will be wested in giving more bigger  benefits to salried class.particlarly Govt and PSU staff.

 

No body even talks why farmers are commiting suicide all over country.

How does Modi's surgical strike on black money impacts common man and economy? What are long term and short term benefits? Request Follow16 Can you answer this question? Answer 3 ANSWERS Adv. Aditya Adv. Aditya, Lawyer, Philosopher, Political thinker Written Thu Look at the following scenario. It has been only two days and people are already exchanging 500 Rupee notes for 450 Rupees. This is BLACK MARKETING OF WHITE MONEY. AND NOT BLACK MONEY. Also read these: Rs 500, Rs 1,000 currency notes scrapped: 2 dead; PIL filed in SC to quash ban चेंज पैसे न होने की वजह से रेप पीड़िता बच्ची को नहीं मिली एंबुलेंस Shocked over demonetisation of Rs 500, Rs 1000 notes, woman drops dead in UP mid-day.com One must understand, in India, only 34.8 percent people have used internet. See here:India Internet Users. This means, 864,676,587 people don�t have access to internet. And Mr Modi is doing advertisements of Paytm: It is not the first time. (Remember the Reliance Jio Advertisment?) Now, consider the following scenarios: If somebody is organizing a marriage in his house, how will he be able to pay the cost of expenses occurred? [Will PAYTM work?] What if somebody is in hospital and needs some big amount for an emergency operation? It is not like they accept cheques and debit in every hospitals. Even if they start accepting cheques, there would be another issue of bouncing of cheques.[Will PAYTM work?] If a farmer sells his crops to a trader, how will they pay the farmer? As you know most farmers cannot visit banks everytime they need money. Failure of Mr. Modi�s Jan dhan yojana proves this fact. [Will PAYTM work?]Read: Jan Dhan Yojana Flop Show. Crores of Bank accounts Empty & NO Transaction. - Anirudh Sethi Reportanirudhsethireport.com If a person is having his house repairs, how will he pay for it?[Will PAYTM work?] How will a a common man pay school fees of his kids? Only a few schools allow payment of fees by cheques. Not everybody has bank account with money.[Will PAYTM work?] How will a person pay electricity bills? Most states in India still require people to personally visit the electricity department in order to pay bills by depositing cash.[Will PAYTM work?] How will a person purchase items of daily usage? Is 12000 enough when people are faced with an emergency?[Will PAYTM work?] You should see: Sector-wise contribution of GDP of India. As you can see Service Sector contributes 52.97 % of GDP. [Will PAYTM work?] Value of the money remains in its liquidity and the convenience for exchange. If money loses its liquidity, the economy of the nation will collapse Politicians from party in power launching the 500 and 2000 rupee notes can print 1000 currency notes while only circulating 10 currency notes. Being party in power nobody can/will question them. So actually, it can turn into a major scam. You should know that the richest political party in India is Bharatiya Janata Party (BJP) and 73 percent of its party fund comes from unknown sources. You can read the status of other political parties too in the following website: Financial Information (Donation & Income-Expenditure) Actually politicians who are affiliated with the party in power will be biggest gainers from this move. Moreover, it will cause great losses to the nation. Printing costs of new currency will be borne by the people of India. Imagine, how many 500 Rupees and 1000 Rupee currencies which were printed by the RBI this year itself, and they would be destroyed for this. Everybody has to carry so many notes just for purchasing small items of daily usage. It is not like people can use debit cards at the small retail shops. Mr. Modi needs to understand that not everybody gets free Morchella Esculenta andfree foreign tours like him. We all have to pay bills and so we need a currency which is easily portable. The government has miserably failed to control inflation and now with this move the result will be Deflation. Every Citizen needs to understand Why is Deflation Bad for the Economy? Value of currency will rise and Unemployment will rise even further

A).It is right step to abolish the notes of 500,1000 and it is also correct to much extent that big notes are catalyst to help corruption and black money. First of Rs.1000/- note was never useful for a common man for his daily needs in majority of cities in india even Rs.500/- note also was of rarely exceptable for small daily home uses items by a common man. Now Govt. has come with2000/- note, this is of no use for small people as in retail/small purchases-bus, auto fare etc.is of no use, no one will give change. on the contrary Govt. would have come out with a note of Rs.200/-. B) we  should go to route cause why black money is generated. every 5/10 years again it reoccurs. after independence for many years tax slabs were very high, the two times govt. came with VDS, it means people who paid earliar at higher slabs did mistake, already many kind of taxes in other forms are , even govt. levied 14% service tax all most on every activity, except new birth/creamation. Now Govt should levy maximum 5 to 20% making Rs.3Lacs tax free, with heavy peanlties on defaulters, so that big traders/industrial &corporate  houses should be able to pay willingly. with govt. appreciation scheme for honest person. even profit of shares exempted after one yr sale or 10% tax on immidiate sale should be abolished & should be taken as regular income. satta on eatable items also should be banned - s.g.kumar

A shocking disclosure from a bank official.... (Forwarded Message) Hi, I am working in a leading national bank and I am writing this with great disappointment.Corrupt bank official are changing black money into white. Modus Operandi:- Government allow to change 4000/- rs per person per day. 1. Big corporate houses, factories are using i.d. of their employees (photocopy can be easily obtained by H.R files of employees) ,giving these IDs in bulk to branch managers and corrupt branch managers are changing 4000/- RS per ID of black money into white each day. For example ID of 500 persons can convert 20,00,000 rs per day per branch into new currency. Multiply it to number of branches doing this and you will be surprised how much black money can be converted to new currency in a single day. 2. Agents contacting telecom houses, mobile shops for getting photocopy of IDs in bulk and using them to convert black money into white with the help of banks. 3. Branch managers are taking photocopy of IDs from saving account of peoples and using thousands of these IDs to covert 4000/- rs per ID into new currency. This is going on very large scale. Crores of black money is converting into white every hour. Instead of giving new currency to public, banks are giving it to black money hoarders. Because of this, even after issuing thousands of crores of 2000 notes by RBI, public still waiting to get new currency. Kindly share it to as many peoples and platforms as you can so that this malpractice comes into government knowledge and this can be stop immediately and this great step of currency change don�t go into vain. share it to PMO and other official government pages. #whistle_blow #corrupt_bankers #share_to_stop