Ban on Rs 500 and Rs 1000 notes

usha manohar wrote:

Jabeen wrote..

• No doubt some people have managed to convert their black money into white but lets not be in a hurry to give the verdict that the step of demonetisation has not achieved its purpose. I am sure everyone of us is aware about the increase in the amount being deposited at different banks since the declaration of demonetization. It is in terms of crores and crores, which is a significant amount. Not only that, it has also brought into the rader of Income tax department the people who are depositing amount beyond their means. 

When we see the volumes involved and also the kind of mis information being spread by the opposition, one can understand what an uphill task it is to clean up the corrupt system created so far. All the more reason for citizens to strengthen the hands of the govt..Here is a link which gives some information and points of view expressed by two top economists on Manmohan Singh's sudden outburst , that must have taken a lot of coaxing ..

 

http://www.opindia.com/2016/12/how-two-economists-destroyed-manmohan-singhs-arguments-against-demonetisation/

Making people stand in lines begging for own hard earned money in quantities decided by others is reaching pinnacle of glory.

Cant disagree with @vijay, i feel only the middle class people suffering and having a hard time whereas the people with the black money have already found out ways of converting to white. Which is evident from the recent IT raids which are finding new currency notes worth crores with the big fishes, while we are standing in queues just to be told the atm/banks are out of funds. 

We all want to bring the wrong doers to book but how long do we need to suffer for that. And the question still remains if all this is really worth the trouble? how much difference is it really bringing in?

Sad to see people taking such a negative stand at anti corruption drive simply because they want to support their favorite politicians.. thankfully the common man is much more supportive and understands better because of all the sufferings and humiliation under the past corrupt era that only respected money power and political clout 

usha manohar wrote:

Sad to see people taking such a negative stand at anti corruption drive simply because they want to support their favorite politicians.. thankfully the common man is much more supportive and understands better because of all the sufferings and humiliation under the past corrupt era that only respected money power and political clout 

Its easier to say this when you sit comfortably in your home. During the recent cyclone in chennai, the whole city was out of power, there was no cash in atm, holiday in banks, no shops accepted the cards because network were down. You should have seen how people suffered. 

As I said I am not against anti corruption but the question remains how long we need to suffer and is it really paying the benefits? There is no timeline here. And i do not see any difference before and after demonetization except that i am not able to spend my own hard earned money.

Divya wrote:

usha manohar wrote:

Sad to see people taking such a negative stand at anti corruption drive simply because they want to support their favorite politicians.. thankfully the common man is much more supportive and understands better because of all the sufferings and humiliation under the past corrupt era that only respected money power and political clout 

Its easier to say this when you sit comfortably in your home. During the recent cyclone in chennai, the whole city was out of power, there was no cash in atm, holiday in banks, no shops accepted the cards because network were down. You should have seen how people suffered. 

As I said I am not against anti corruption but the question remains how long we need to suffer and is it really paying the benefits? There is no timeline here. And i do not see any difference before and after demonetization except that i am not able to spend my own hard earned money.

Since you know nothing about me or my lifestyle I guess it is better not to presume that I sit in the comfort of my home. I too stand in ques Like the rest and have to work at school and at home so let us not be preachy and bring in nature's calamities as well..anyway my comment was not meant for you since your post came before mine while I was in the process of posting it.

usha manohar wrote:

Divya wrote:

usha manohar wrote:

Sad to see people taking such a negative stand at anti corruption drive simply because they want to support their favorite politicians.. thankfully the common man is much more supportive and understands better because of all the sufferings and humiliation under the past corrupt era that only respected money power and political clout 

Its easier to say this when you sit comfortably in your home. During the recent cyclone in chennai, the whole city was out of power, there was no cash in atm, holiday in banks, no shops accepted the cards because network were down. You should have seen how people suffered. 

As I said I am not against anti corruption but the question remains how long we need to suffer and is it really paying the benefits? There is no timeline here. And i do not see any difference before and after demonetization except that i am not able to spend my own hard earned money.

Since you know nothing about me or my lifestyle I guess it is better not to presume that I sit in the comfort of my home. I too stand in ques Like the rest and have to work at school and at home so let us not be preachy and bring in nature's calamities as well..anyway my comment was not meant for you since your post came before mine while I was in the process of posting it.

I am sorry if you felt it preachy. I did not mean "you" literally, but was just trying to address all pompous people who are boasting about the demonetization without taking into account the ground realities. And again calamities are also a testing phase for all people not just the policies, so i dont think it is wrong is discussing the suffering of the people i saw myself. 

Anyways, I am refraining from further discussion on this thread. 

The supreme indifference shown in a calculated manner towards persons dying in queues by the ruling elite is really terrifying. They only want everything to become cashless. But black money originates out of greed in persons in power or in positions where supply is less than demsnd. Blind support of undefined futuristic benefits is equally ununderstandable.Counter with facts and not by allegations.

rambabu wrote:

anil wrote:

rambabu wrote:

Arunima Singh wrote:

Now RaGa new drama and personal attack on PM. 

I wish all could work in Union to promote cashless economy constructively rather than causing chaos and unwanted political distraction. Only when more cashless transactions will happen, economy will move on clean path

 RaGa is enacting many dramas. He said today in Parliament that he has information pertaining to Modi's secrets. That is why, he is not allowed to speak. Bluffer and a liar. he makes himself a fool by uttering such words. Another funny remark is if, he opens his mouth there will be an Earth Quake.

Yes I also read it, who is stopping him to speak. One fact we all must be accept that common people adversely affected with this ban. In coming days these people must be make feel the benefits of this ban, otherwise Modi government will face problem in coming election.

He will not speak. Because nobody will believe Rahul . Yes, I agree common man is really affected. Unfortunately, it takes time to back to normal condition. Modi Government will certainly do something in the coming days.

Yesterday BJP government of Rajasthan celebrate 3rd annversiry and some leader and minister came here to tell about achievement of government but public didn't come to listen.

The ones suffering the most are the black money hoarders including the politicians who cannot express their anguish at having lost huge amounts of black money that they have looted from the public , also cannot contain their anger at Modi for having taken such a bold step. For common people that I have come across it is no worse since money is there in most ATMs and if you have the time ,you can withdraw from your bank account standing in a que instead of waiting with a challan on normal days ,both of which take the same amount of time from my experience. But at least now there is hope for a positive change. With 500 rupee notes introduced from the first week of January ,things will be a lot better . If we need change we need to be prepared for some inconvenience. As per the media reports , most of which come from certain sources , it seems to be highly exaggerated and people are paid by politicians to stand in que which I  know for a fact .There are some who are happy with this , since they get paid to stand in que without having to do  any work.Of course die hard supporters of the opposition will make much of all the sufferings...

Of course, If one wants a change some thing, he should be prepared for some inconveniences.Additionally, the Government did not hide anything from the people right from the day one of demonetizing the Currency.The Government has been saying that the troubles caused are not going to stay forever. Things will be better in due course. Which is why people are waiting with patience for 'Achhe Din to come.'

And all the hue and cry are the handiwork of the opposition.

Now there is a something creative flourishing among all the inconvenience. A baker shop in Kolkatta is selling chocolates in the look of banned 500 and 1000 notes. They are getting good response and their sale has rocketed high. This chocolate is in big demand. They have base of chocolate and edible colors and sugar are used to draw the banned notes. 

Now that is some creativity!!

rambabu wrote:

anil wrote:

It may be to control fake currency.

May be. But the main objective is to stop Black Money.

Noting is stopped. Pakistan begins printing of 2000 Rs. note. Most of black money is with politicians and businessmen. Both manged it. Now there Black money is white  money or black money in new currency.

Arunima Singh wrote:

Now there is a something creative flourishing among all the inconvenience. A baker shop in Kolkatta is selling chocolates in the look of banned 500 and 1000 notes. They are getting good response and their sale has rocketed high. This chocolate is in big demand. They have base of chocolate and edible colors and sugar are used to draw the banned notes. 

Now that is some creativity!!

LOL trust our minds to come up with something like that ...I am reminded of someone telling me once, throw an Indian anywhere in the  world and he resurrects himself and literally bounces back , which is true ! This is one of the most positive trait that is seen among the Indians ad thats how you see all the corner stores and news stands run by the friendly Indians in UK and he USA , now spread even to Germany and France !

anil wrote:

rambabu wrote:

anil wrote:

It may be to control fake currency.

May be. But the main objective is to stop Black Money.

Noting is stopped. Pakistan begins printing of 2000 Rs. note. Most of black money is with politicians and businessmen. Both manged it. Now there Black money is white  money or black money in new currency.

Yes, Read about this. Modi and Arun Jaitlly agreed that Pakistan is printing Rs.2000 denominations. Now it's upto the Government to solve this problem. We, commoners are helpless

Every now and then something new is coming up. Now,  there is a new restriction. One cannot deposit more than Rs. 5000 in an account,  it will be questioned. Till 30th Dec a new restriction should not be imposed but it's there which will put common people in some more trouble.

In a circular issued  by  the Central Bank said, the individuals can deposit the old Rs. 500 and Rs.1000 notes, totaling more than Rs.5000 only once till December 30 and that too if the provided satisfactory reasons to why these deposits had not been made earlier.

I don't what is the purpose behind it. Most of 500 and 1000 notes deposited with bank. All foul player played their game.

The purpose is to curb Black Money and introduce cashless economy.

rambabu wrote:

The purpose is to curb Black Money and introduce cashless economy.

Where is black money? most of notes deposited or changed. It is time of screening of accounts.