Well, definitely a good way of knowing cash transactions, through PaN linked account. Hope this works effectively.

Another feather in his thoughtful cap leaving with less loops and holes for culprits to escape. One adverse effect could be that people might destroy the black money instead of returning it to bank.

I came across one suggestion on social media. Sounded good though I am not sure about the practicality. Opening a government account for armed forces and asking people to deposit in that. No question would be asked in that case.  I feel that way the money can be used for good of nation rather than destroying it to escape from law.

Demonetizing the Currency will definitely take care of all the possible loopholes of Black Money holders . But it takes time. Let's wait for some more time.

Arunima Singh wrote:

Another feather in his thoughtful cap leaving with less loops and holes for culprits to escape. One adverse effect could be that people might destroy the black money instead of returning it to bank.

I came across one suggestion on social media. Sounded good though I am not sure about the practicality. Opening a government account for armed forces and asking people to deposit in that. No question would be asked in that case.  I feel that way the money can be used for good of nation rather than destroying it to escape from law.

Yeah even i got this message through whatsapp. But it would be too much of wishful thinking to expect them to do that. I wish they did. I feel govt to should take steps to educate the people. The common folks are panicking with the amounts they have. They are unable to understand that this all being done to catch the big fishes. The small amounts that we have is nothing when compared to these black marketeers. 

Divya wrote:

Arunima Singh wrote:

Another feather in his thoughtful cap leaving with less loops and holes for culprits to escape. One adverse effect could be that people might destroy the black money instead of returning it to bank.

I came across one suggestion on social media. Sounded good though I am not sure about the practicality. Opening a government account for armed forces and asking people to deposit in that. No question would be asked in that case.  I feel that way the money can be used for good of nation rather than destroying it to escape from law.

Yeah even i got this message through whatsapp. But it would be too much of wishful thinking to expect them to do that. I wish they did. I feel govt to should take steps to educate the people. The common folks are panicking with the amounts they have. They are unable to understand that this all being done to catch the big fishes. The small amounts that we have is nothing when compared to these black marketeers. 

I agree with you. This post is more feasible and practicable

In a very balanced discussion monitored by Karan Thapar on Indiatoday it came out that nearly 85% of black money is in form of assets in realty or gold. Also the percent of fake notes is around 4-500 crores in a 16 lakh crore economy. Also the logic of introducing 2000 note was not clear. It was also suggested that only 1000 rupee note should have been demonetised and it would have avoided the hassle faced by common persons. It was also concluded that after a few months black money generation would again gain momentum.

Arunima Singh wrote:

Another feather in his thoughtful cap leaving with less loops and holes for culprits to escape. One adverse effect could be that people might destroy the black money instead of returning it to bank.

I came across one suggestion on social media. Sounded good though I am not sure about the practicality. Opening a government account for armed forces and asking people to deposit in that. No question would be asked in that case.  I feel that way the money can be used for good of nation rather than destroying it to escape from law.

If some one destroy currency it will loss of owner of money not government.

 

It is definitely a loss to owner but could have benefited the country if honestly declared.

Now this gaga over RaGa ATM shows how any developmental move can be pulled down political tug of war.

Ashamed of such phot opportunist politician with no clear strategic agenda in their vaccumed clean head. A clear show off by a dumb politician. 

Arunima Singh wrote:

It is definitely a loss to owner but could have benefited the country if honestly declared.

Now this gaga over RaGa ATM shows how any developmental move can be pulled down political tug of war.

Ashamed of such phot opportunist politician with no clear strategic agenda in their vaccumed clean head. A clear show off by a dumb politician. 

Absolutely ! he and his party are good at beating drums and boasting ..

usha manohar wrote:

Arunima Singh wrote:

It is definitely a loss to owner but could have benefited the country if honestly declared.

Now this gaga over RaGa ATM shows how any developmental move can be pulled down political tug of war.

Ashamed of such phot opportunist politician with no clear strategic agenda in their vaccumed clean head. A clear show off by a dumb politician. 

Absolutely ! he and his party are good at beating drums and boasting ..

   He has definitely has an agenda, that is Votes, so that he can  come back to power. His Dramas at the ATM were shown in all the News channels.This Country knows all about him and his power hungry Party. Poor guy should know that his efforts are an exercise in futility.