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500 & 1000 rs notes stopped from tonight

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On 24/02/2018 at 1:07 AM, Singh bling said:

IT department has the data of what Nirav was doing during Demo , yet they did nothing and why they did nothing we all know the answer

Where you not saying that IT was short staffed ?

Anyway they have every ones data thanks to Demonetisation ;) 

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4 hours ago, jusarrived said:

Some predicted we will have negative growth post Demo :phehe:

 

Werent they right though? All the chores, corrupt, congress supported businesses are experiencing high -ve growth. Sale chindhi chor kahi ke. 

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6 hours ago, jusarrived said:

Where you not saying that IT was short staffed ?

Anyway they have every ones data thanks to Demonetisation ;) 

There are some priority cases , If someone was depositing 100s of crores then you need to take action immidiately 

But as IT department need permission of political masters to go after these kind of 

People and we all know who these are??

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On 05/03/2018 at 9:49 AM, Singh bling said:

There are some priority cases , If someone was depositing 100s of crores then you need to take action immidiately 

But as IT department need permission of political masters to go after these kind of 

People and we all know who these are??

you mean BJP again to blame ? are you for real ? 

This would have never come out in public if not for this Govt . 

 

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On 05/03/2018 at 9:49 AM, Singh bling said:

There are some priority cases , If someone was depositing 100s of crores then you need to take action immidiately 

But as IT department need permission of political masters to go after these kind of 

People and we all know who these are??

I remember you arguing this whole thing was futile , IT was short staffed so they will not be able to handle the workload  and nothing will come out of demonetisation and now your complaining that they should have taken action immediately ? 

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10 minutes ago, jusarrived said:

you mean BJP again to blame ? are you for real ? 

This would have never come out in public if not for this Govt . 

 

I blame both UPA and NDA for scam , you can keep thinking that this Govt is full of Harishchandra's and everything bad in India is because of Nehru , Congress UPA rule

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1 hour ago, Singh bling said:

What to explain.Even after almost 4 years of rule you believe no questions should be asked from Modi Govt then there is nothing explain

you can question any govt after 3 months too , but there has to be reason behind it . So again whats your reason here ? 

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Bank Frauds, IT Frauds. You go on naming. These filthy politicians who ruled us for 60 years have this corruption so deep rooted in our systems everywhere that It will take good 5 years alone to unearth all these. Every system, from paying electricity bill to get getting new telephone line, everywhere babu would ask money. Kamchor/corrupt congress not only allowed this to happen but they got the commissions in every level of corruption. Defense, Infrastructure, Revenue you name it and they have it rotted to the core.

 

I am glad the process of cleansing has begun. 

 

Congress should stop asking questions. They should first answer what they did for 60 years. It is appalling to see educated, learned people support rouge congress. I can understand why supporters of SP, BSP, TMC do that. They are uneducated, corrupt people. But what is wrong with these educated ones? All I see is tremendous hate for Modi and BJP. They try to hide behind the garb that they are against RSS but reality is that they are afraid of their own deeds. Thats it.

Edited by dial_100

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7 hours ago, Singh bling said:

The Remarkable 100 Per Cent Failure Rate Of Modi's Demonetisation

https://www.ndtv.com/opinion/well-blame-demonetisation-on-nehru-i-guess-1909001?amp=1&akamai-rum=off

 

How much of the money was unaccounted for before ?  Mihir Simon Sharma should tell us that . 

Edited by FischerTal

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At this point demonetization is just raked up by political parties to exploit any residual resentment, mostly by people who were hit by it. 

 

Modi didn't seem to feel any negative effect politically since it was implemented. The supposed "trader anger" was disproven by the results of the Gujarat elections, and he totally swept UP despite claims of rural resentment over the move. 

 

 This issue loses potency day by day, methinks.  

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BJP, Congress, Shiv Sena, NCP leaders head co-op banks that swapped most cash during demonetisation

https://indianexpress.com/article/india/bjp-congress-shiv-sena-ncp-leaders-head-co-op-banks-that-swapped-most-cash-during-demonetisation-5361549/

 

These parties were looting common men during demo while Bhakts were thinking that they are doing some patriotic duty:cantstop:

 

Rahul Gandhi looks to me as genius when I look at IQ of Bhakts

 

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^

It all came to light because of Demo. You dont be naive to believe that black economy was good for us. It was an initiative towards turning our economy into more cashless. You cannot put control on such things (as you mentioned above) until they are uncovered.

 

To best of my knowledge and understanding, Demo was best thing happened to India.

Lot of rich people ended up distributing their money using proxies. It all got documented. We uncovered that many bank officials allowed this money to flow in through some proxy accounts and subsequently withdrawn. I would say support the government and have another demo but this time have strict bank regulations, like taking Co-op out of equation for deposit for a short time.

 

The filthy/corrupt again started building black/cash economy. They are only ones who complain about demo. If we dont cleanse this, it wont change automatically. It is simple thing to understand, dont need economics/finance knowledge.

 

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12 hours ago, Singh bling said:

Rahul Gandhi looks to me as genius when I look at IQ of Bhakts

amazing. just because there are some illiterate are out there who support BJP doesnt necessarily mean you generalize. But we will give you that freedom. Enjoy RG as much you want. We are doing the same thing. We love his presence. :phehe:

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8 hours ago, dial_100 said:

^

It all came to light because of Demo. You dont be naive to believe that black economy was good for us. It was an initiative towards turning our economy into more cashless. You cannot put control on such things (as you mentioned above) until they are uncovered.

 

To best of my knowledge and understanding, Demo was best thing happened to India.

Lot of rich people ended up distributing their money using proxies. It all got documented. We uncovered that many bank officials allowed this money to flow in through some proxy accounts and subsequently withdrawn. I would say support the government and have another demo but this time have strict bank regulations, like taking Co-op out of equation for deposit for a short time.

 

The filthy/corrupt again started building black/cash economy. They are only ones who complain about demo. If we dont cleanse this, it wont change automatically. It is simple thing to understand, dont need economics/finance knowledge.

 

some people lost a lot of black money, thats why the undue hatred towards Modi. 

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14 hours ago, FischerTal said:

some people lost a lot of black money, thats why the undue hatred towards Modi. 

I have may own family members who have turned against modi for the same reason, some are fine cos they feel its easier being clean and pay taxes as most of their transactions have gone cashless. 

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22 hours ago, dial_100 said:

^

It all came to light because of Demo. You dont be naive to believe that black economy was good for us. It was an initiative towards turning our economy into more cashless. You cannot put control on such things (as you mentioned above) until they are uncovered.

 

To best of my knowledge and understanding, Demo was best thing happened to India.

Lot of rich people ended up distributing their money using proxies. It all got documented. We uncovered that many bank officials allowed this money to flow in through some proxy accounts and subsequently withdrawn. I would say support the government and have another demo but this time have strict bank regulations, like taking Co-op out of equation for deposit for a short time.

 

The filthy/corrupt again started building black/cash economy. They are only ones who complain about demo. If we dont cleanse this, it wont change automatically. It is simple thing to understand, dont need economics/finance knowledge.

 

Unfortunately aam aadmi is not capable of understanding this. Stupid fuks belive that if a fraud comes out during BJPs rule, it's BJPs fault. 

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Note ban was a massive, draconian, monetary shock: Modi's former economic advisor Arvind Subramanian

https://m.economictimes.com/news/politics-and-nation/note-ban-was-a-massive-draconian-monetary-shock-modis-former-economic-advisor-arvind-subramanian/amp_articleshow/66859800.cms

 

Demonetisation hit farmers badly, agriculture ministry takes 2 years to admit

The Union agriculture ministry has admitted in a report that the note ban badly affected the farmers.

 

https://www.indiatoday.in/india/story/demonetisation-hit-farmers-badly-agriculture-ministry-takes-2-years-to-admit-1393030-2018-11-21

Edited by Singh bling

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6 hours ago, Singh bling said:

Note ban was a massive, draconian, monetary shock: Modi's former economic advisor Arvind Subramanian

https://m.economictimes.com/news/politics-and-nation/note-ban-was-a-massive-draconian-monetary-shock-modis-former-economic-advisor-arvind-subramanian/amp_articleshow/66859800.cms

 

Demonetisation hit farmers badly, agriculture ministry takes 2 years to admit

 The Union agriculture ministry has admitted in a report that the note ban badly affected the farmers.

  

 https://www.indiatoday.in/india/story/demonetisation-hit-farmers-badly-agriculture-ministry-takes-2-years-to-admit-1393030-2018-11-21

In the end it was small businessmen, daily wage earners and poor who had to suffer. 

 

Rich just swapped notes without any hassle. 

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1 hour ago, Trichromatic said:

In the end it was small businessmen, daily wage earners and poor who had to suffer. 

 

Rich just swapped notes without any hassle. 

Sad but true...the bank managers made tons of money swapping notes for their 'elite' clients while the poor people suffered.

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4 minutes ago, Under_Score said:

Sad but true...the bank managers made tons of money swapping notes for their 'elite' clients while the poor people suffered.

Even if they didn't make money, they always had exception for elite customers.

 

Banks even did home delivery of cash for rich customers even during peak demonetisation without any hassle (much more easier than how people get cash even in non-demo period). That's how easy it was for them while common men were queueing outside ATMs for hours.

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1 hour ago, Trichromatic said:

Even if they didn't make money, they always had exception for elite customers.

 

Banks even did home delivery of cash for rich customers even during peak demonetisation without any hassle (much more easier than how people get cash even in non-demo period). That's how easy it was for them while common men were queueing outside ATMs for hours.

aisa nahi hai.  there are plenty who lost a lot of money or had to deposit their money to other people's account and could not recover it back from them, mostly real estate black money.  Real estate maafiyas were hit hard who usually dealt in cash.  

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51 minutes ago, rkt.india said:

aisa nahi hai.  there are plenty who lost a lot of money or had to deposit their money to other people's account and could not recover it back from them, mostly real estate black money.  Real estate maafiyas were hit hard who usually dealt in cash.  

Huh, saying that there are plenty is fine, but is that even significant change? Almost everything is back to the system.

 

So far it's been only 1 thing - 1 year of hell for poor and small businessmen with claims of dividends I'm future for which timeline is only stretching.

 

It's like "Hoga, kabhi na kabhi, kuchh na kuchh to Hoga".

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37 minutes ago, Trichromatic said:

Huh, saying that there are plenty is fine, but is that even significant change? Almost everything is back to the system.

 

So far it's been only 1 thing - 1 year of hell for poor and small businessmen with claims of dividends I'm future for which timeline is only stretching.

 

It's like "Hoga, kabhi na kabhi, kuchh na kuchh to Hoga".

Isn't it good that money is back to system which was not the case before and money that was hoarded as black money  before?  Isn't it better that a lot more people are paying taxes now?  Money has come into the system and govt has received taxes over it.  This was the purpose of it.  

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1 hour ago, rkt.india said:

aisa nahi hai.  there are plenty who lost a lot of money or had to deposit their money to other people's account and could not recover it back from them, mostly real estate black money.  Real estate maafiyas were hit hard who usually dealt in cash.  

Most of mafia at that time just changed business and started dealing in exchanging note even after 6 months after demo. One person asked me if i knew people with old notes , i know a man who will give good price , i said few of my relatives do have few thousands , he said not in thousand but crores.

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24 minutes ago, rkt.india said:

Isn't it good that money is back to system which was not the case before and money that was hoarded as black money  before?  Isn't it better that a lot more people are paying taxes now?  Money has come into the system and govt has received taxes over it.  This was the purpose of it.  

Cash to GDP ratio is now same as it was before demo , so where is money in the system? 

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1 hour ago, rkt.india said:

Isn't it good that money is back to system which was not the case before and money that was hoarded as black money  before?  Isn't it better that a lot more people are paying taxes now?  Money has come into the system and govt has received taxes over it.  This was the purpose of it.  

Purpose has changed regulars from start.

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Indians are honest, law abiding, innocent people. So when government said no more black money, As a nation we turned it all into white money.

 

However, for example Real estate prices have stalled. And thats good enough to say Demo has routed black transactions. So we are sticking with newly found white moniez

 

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2 hours ago, mishra said:

Indians are honest, law abiding, innocent people. So when government said no more black money, As a nation we turned it all into white money.

 

However, for example Real estate prices have stalled. And thats good enough to say Demo has routed black transactions. So we are sticking with newly found white moniez

 

Real estate price go through cycle. They were at peak in 2012 and then declined 20-30% upto 2016 Demo further declined them but from 2017 they are somewhat recovered. So sorry to say demo has nothing to do with long term pricing of real estate.

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53 minutes ago, Singh bling said:

Real estate price go through cycle. They were at peak in 2012 and then declined 20-30% upto 2016 Demo further declined them but from 2017 they are somewhat recovered. So sorry to say demo has nothing to do with long term pricing of real estate.

i want to sell a flat in Noida. Prices hasnt increased since demo. Offered price is still lower then Demo. And nope. There isnt much cash part either.

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24 minutes ago, Clarke said:

I have a feeling if NaMo publicly apologizes for DeMo, there will still be defenders of the move, however good it sounded in theory and bad it ended up in execution. 

So true. The intent itself was not there. Once it was obvious this was heading for a failure, there was no course correction trying to use the opportunity towards moving to a cashless economy. 

Edited by eternalhope

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On 12/2/2018 at 1:53 PM, Singh bling said:

Demonetisation had no impact on black money,’ says outgoing Chief Election Commissioner OP Rawat

https://amp.scroll.in/latest/904216/demonetisation-had-no-impact-on-black-money-says-outgoing-chief-election-commissioner-op-rawat

 

 

For 70 years corrupt congressi dug holes so deep that at the moment it is getting difficult to find things. Demo was best that happened. At least people believe that Modi tried something. 

 

Just now Christhian Michel, the Agusta middleman is caught. Recently Vijay Malya agreed to pay all the money back to the banks whatever he had borrowed. Millions of bank accounts were opened and benefits now get deposited in their accounts directly without any middle men, new laws for benami properties, new GST to easy the collection.. The list is very big. Just under 5 years this government could manage so many things. What did congress do??? For 60+ Years they left us as third world country.

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1 hour ago, dial_100 said:

For 70 years corrupt congressi dug holes so deep that at the moment it is getting difficult to find things. Demo was best that happened. At least people believe that Modi tried something. 

 

Just now Christhian Michel, the Agusta middleman is caught. Recently Vijay Malya agreed to pay all the money back to the banks whatever he had borrowed. Millions of bank accounts were opened and benefits now get deposited in their accounts directly without any middle men, new laws for benami properties, new GST to easy the collection.. The list is very big. Just under 5 years this government could manage so many things. What did congress do??? For 60+ Years they left us as third world country.

Exactly, a arrest of property prices in itself is biggest proof. If anyone says property prices are increasing, please help me selling my flat in profit bout during MMS era assuming I will takeout my white money while reinvest cash on a new property :((

 

While i have financially lost substantially, but i know, Next generation will get better support because system is cleaner

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1 hour ago, eternalhope said:

Yeah Modi got us to second world status with his great vision. Clutching at straws.

Thank you that at least you expect that we could become second world country under Modi. I dont think we ever dreamed of that in last 60-70 years anyway. I am glad you expect lot from Modi and not from the opposition party and all other chamcha parties known for corruption.

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2 hours ago, dial_100 said:

Thank you that at least you expect that we could become second world country under Modi. I dont think we ever dreamed of that in last 60-70 years anyway. I am glad you expect lot from Modi and not from the opposition party and all other chamcha parties known for corruption.

:facepalm::facepalm:

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5 hours ago, dial_100 said:

For 70 years corrupt congressi dug holes so deep that at the moment it is getting difficult to find things. Demo was best that happened. At least people believe that Modi tried something. 

 

Just now Christhian Michel, the Agusta middleman is caught. Recently Vijay Malya agreed to pay all the money back to the banks whatever he had borrowed. Millions of bank accounts were opened and benefits now get deposited in their accounts directly without any middle men, new laws for benami properties, new GST to easy the collection.. The list is very big. Just under 5 years this government could manage so many things. What did congress do??? For 60+ Years they left us as third world country.

Modi's Chief economic advisor said Demo was draconian  you don't believe him.

 

Retiring Election commissioner said that demo had no effect on black money in elections

 

BJP's own agricultural ministry tabled report that demo hit farmers still you won't believe them.

Cash to GDP ratio is almost same as pre demo. If things are as good then why indians need so much cash?

 

 

Also BJP has scheme for all congress members to come in it. In some

 States even 50% of MLA'S are ex congressmen.

 

It is not like BJP or Modi is godly figure while Congress is all devil.  Macro economics policies of both are quite similar. Unless there is mass reduction in poverty , malnutrition or unemployment you cannot say Modi has changed india dramatically.

 

And BTW state elections are going on while national elections are just few months away .Expect some big drama

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4 hours ago, mishra said:

Exactly, a arrest of property prices in itself is biggest proof. If anyone says property prices are increasing, please help me selling my flat in profit bout during MMS era assuming I will takeout my white money while reinvest cash on a new property :((

 

While i have financially lost substantially, but i know, Next generation will get better support because system is cleaner

Property prices go through cycles. It is not like prior to demo real estate market was booming. Also in individual cases a lot depends on area , location , development etc. Just like some shares were on sky in 2007 and then recession hit. Market recovered later but still those shares are less than 2007 price despite market almost double.

 

And please answer my question , indians ko pagal kutte ne kaata hai jo itna cash fir economy mein waapis le aaye. Cash GDP ratio same kaise ho gayi?

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10 hours ago, Singh bling said:

Modi's Chief economic advisor said Demo was draconian  you don't believe him.

 

Retiring Election commissioner said that demo had no effect on black money in elections

 

BJP's own agricultural ministry tabled report that demo hit farmers still you won't believe them.

Cash to GDP ratio is almost same as pre demo. If things are as good then why indians need so much cash?

 

 

Also BJP has scheme for all congress members to come in it. In some

 States even 50% of MLA'S are ex congressmen.

 

It is not like BJP or Modi is godly figure while Congress is all devil.  Macro economics policies of both are quite similar. Unless there is mass reduction in poverty , malnutrition or unemployment you cannot say Modi has changed india dramatically.

 

And BTW state elections are going on while national elections are just few months away .Expect some big drama

So you didnt expect from 50-60 years of congress raj but now all of a sudden you want poverty eradicated in 4 years, right? No well i get it. 

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