500 & 1000 rs notes stopped from tonight

[mishra]

On 22/11/2016 at 6:34 PM, mishra said:

^ ..

So this was next move. Black money was every where. By end, it will be channeled to selected few peoples. I believe those selected few people who think are super smart are fooling themselves. Government may not take any action against covert black money siphoners this time. But guaranted, it has pottential and means to go after selected few. And it will go after them

 

18 hours ago, mishra said:

 

.. Government is aware of certain section of society accepting in old notes. It has made arrests but still they  claim they dont know how the old money will be brought into the system.

1. Told you so. They are letting money flow into selected few and opportune time to strike once enough incriminating evidence.

http://timesofindia.indiatimes.com/india/Nagaland-MPs-son-in-law-held-missing-Rs-3-5-crore-cash-found/articleshow/55590637.cms?

Quote

The cash of more than Rs 3.5 crore in scrapped Rs 500 and Rs 1,000 notes that disappeared from Dimapur on Tuesday after being flown in by a chartered flight resurfaced on Wednesday in an equally dramatic manner.

Nagaland police+ chief L L Doungel told TOI, "The money, seized by the CISF, was handed over to officials of the income tax department. They handed it over to the claimant, Naga businessman Anato Zhimomi, after he produced an I-T exemption certificate."

Zhimomi - who is the son-in-law of Neiphiu Rio, the sole Lok Sabha member from the state - has been arrested. Rio backs the BJP government at the Centre.

Sources in the I-T department said Anato had "confessed" to have ferried cash thrice from Hisar to Dimapur by the same plane on November 12, 14 and 21. Besides, tax officials have also questioned Anil Sood, the Gurgaon-based owner of a printing and packaging firm, in whose bank account Anato had been making transfers through RTGS after cash was deposited in his Dimapur account. The proprietor of the airline is also under the scanner, with the I-T department seeking to verify Anato's claim that the last cash shipment belonged to the former.

 

 

[mishra]

2 hours ago, Singh bling said:

 

The logic on death and corruption allegation

http://www.bbc.co.uk/news/world-asia-india-38051533

Quote

Mr Kejriwal was combative right from the beginning, and grew increasingly agitated as the interview progressed.

He got particularly angry when I refused to let him use the live event as a platform to accuse several prominent businessmen of being corrupt with the blessings of the government.

What happened next was extraordinary.

Mr Kejriwal told me that the BBC and I were both "neech", which translates from the Hindi as "low class", adding that we were biased towards Prime Minister Narendra Modi's government. He refused to listen to my arguments.

'This is not journalism'

The tipping point came, however, when he alleged that "55 people had died because of the cash crisis". I responded by asking him what proof he had to say this so conclusively.

A livid Mr Kejriwal now decided to address the audience himself. Looking straight into the camera, he said: "55 people have died over the issue and BBC says we can't link this to demonetisation. This is their honest journalism."

As the Facebook Live event ended, Mr Kejriwal stormed out of the room, refusing to participate in the sit-down interview we had agreed to. His parting words to me were: "This is not journalism and you have an agenda against me".

The live event was viewed more than 2.7 million times and was covered by all India's mainstream media organisations as it rapidly went viral in India.

Meanwhile the young and dynamic social media team that accompanies Mr Kejriwal everywhere he goes did not share the Facebook Live as promised earlier.

This is symptomatic of a worrying trend in India, where journalists are often accused of being "biased" towards one camp or another when they are only trying to do their job and ask valid and legitimate questions.

So get over it. Deaths dure to heart arrests are unfortunate, But people can get cardiac arrests anytime. having dinner, in sleep, watching tele, or playing sports.

If anything, media could have easily picked on Kejri Sir's "neech" thing as guy has derogatory view against SC/ST

Edited November 24, 2016 by mishra

[tweaker]

With an aim to support the government's ongoing move to shift Indians to cashless payments system, State Bank of India (SBI) launched an 'SBI Pay' app on Wednesday. 

 

“With the current demonetisation drive of the government and the push towards Digital/Cashless payments, 'SBI Pay' is expected to be a game changer in the digital payment ecosystem as the bank has the largest customer base in the country,” SBI chairman  Arundhati Bhattacharya, said in a press release on Thursday.

 

The 'SBI Pay' is an unified payment interface (UPI) app of the bank and is a payment solution not only for SBI account holders, but for all banks who are part of UPI, the release said.

 

Through 'SBI Pay' app people can send and receive money from their smart phones with a virtual payment address acting as unique identifier. Moreover, users do not need to provide any additional details other than the virtual payment address while using the app. 

[Singh bling]

2 hours ago, mishra said:

The logic on death and corruption allegation

http://www.bbc.co.uk/news/world-asia-india-38051533

So get over it. Deaths dure to heart arrests are unfortunate, But people can get cardiac arrests anytime. having dinner, in sleep, watching tele, or playing sports.

If anything, media could have easily picked on Kejri Sir's "neech" thing as guy has derogatory view against SC/ST

So if a person put gun on old , ill person's head and ask him to run and he die then that person will also say he died of natural cause.The fact is many of these old , ill people have to exert and that's why they are dying.

 

 

[Singh bling]

17 minutes ago, tweaker said:

With an aim to support the government's ongoing move to shift Indians to cashless payments system, State Bank of India (SBI) launched an 'SBI Pay' app on Wednesday. 

 

“With the current demonetisation drive of the government and the push towards Digital/Cashless payments, 'SBI Pay' is expected to be a game changer in the digital payment ecosystem as the bank has the largest customer base in the country,” SBI chairman  Arundhati Bhattacharya, said in a press release on Thursday.

 

The 'SBI Pay' is an unified payment interface (UPI) app of the bank and is a payment solution not only for SBI account holders, but for all banks who are part of UPI, the release said.

 

Through 'SBI Pay' app people can send and receive money from their smart phones with a virtual payment address acting as unique identifier. Moreover, users do not need to provide any additional details other than the virtual payment address while using the app. 

Today Derek O brien delivered very good speech. He said there is nothing wrong in plastic money but fact is Only 1 out of 5000 people have credit card  and 4 out of 1 thousand people have debit cards. So all these apps will only add  numbers to already existing money apps

[mishra]

28 minutes ago, Singh bling said:

So if a person put gun on old , ill person's head and ask him to run and he die then that person will also say he died of natural cause.The fact is many of these old , ill people have to exert and that's why they are dying.

 

 

Again, thats what one reporter asked. Is there a medical evidence linking standing in a queue to cardiac arrest or statistical evidence of heart arrest per 100,000 people per day who stood in queue vs ones not in queue? If you got it, Please enlighten us.

 

If anything, as per medical science, standing or walking is beneficial to heart.

[mishra]

35 minutes ago, Singh bling said:

Today Derek O brien delivered very good speech. He said there is nothing wrong in plastic money but fact is Only 1 out of 5000 people have credit card  and 4 out of 1 thousand people have debit cards. So all these apps will only add  numbers to already existing money apps

That is why, records show that most money deposited in zero account jan dhan yojana is in West Bengal and karnataka. Here I thought people in UP are corrupt. I hope government freezes these accounts or puts a withdrawl limit to span over 10 years unless they are able to explain taxmen where the money came from.

[tweaker]

Housing prices in 42 major cities across India could drop by up to 30 per cent over 6-12 months after the demonetisation of high-value notes, wiping out over Rs 8 lakh crore worth market value of residential properties sold and unsold by developers since 2008.
 

[Mariyam]

1 hour ago, Singh bling said:

Today Derek O brien delivered very good speech. He said there is nothing wrong in plastic money but fact is Only 1 out of 5000 people have credit card  and 4 out of 1 thousand people have debit cards. So all these apps will only add  numbers to already existing money apps

4 out of 1000 have a debit card? Doesn't seem right. Around 35% of India has a bank account. This is a 2014 statistic that I state. Before the dhan yojna scheme.

Derek O'Brien's numbers on debit cards insinuate that just 1.1% of those who have a bank account own a debit card!!!

 

Seems very unlikely, given that every bank hands out free debit cards on opening of accounts since the last 15 odd years.

 

[tweaker]

Money being flown from Haryana to Nagaland might seem like a truly bizarre way of trying to convert stashes of cash in old notes into legal tender , but it's not as illogical as it might sound. India's income tax laws allow exemptions for various categories of incomes or individuals. These exemptions are apparently now being misused to covert black cash into white money.

 

Among those exempt from paying income tax are members of scheduled tribe communities in Nagaland, Manipur, Tripura, Arunachal Pradesh and Mizoram. Scheduled tribes in North Cachar Hills and Mikir Hills in Assam, the Khasi Hills, Garo Hills and Jaintia Hills in Meghalaya and Ladakh in Jammu & Kashmir also don't have to pay income tax. The exemption applies to income arising from any source in these areas or from dividends or interest on securities from anywhere.

A similar exemption is available to all those defined as "Sikkimese" in the I-T Act. This again is for any income generated from Sikkim itself and for income from dividend or interest on securities generated anywhere. The intent behind these exemptions is to provide fiscal concessions to backward areas and communities. In times like now, it becomes a useful route for people looking to turn undisclosed incomes legitimate.
 

[vayuu1]

Today Derek O brien delivered very good speech. He said there is nothing wrong in plastic money but fact is Only 1 out of 5000 people have credit card  and 4 out of 1 thousand people have debit cards. So all these apps will only add  numbers to already existing money apps

Agree, but the thing this thing was need if the hour, their has been a bit of problem in implementation not intention, offcourse they have problem with plastic money, do you know that 80 %of counterfeit currency comes to malda and distributed to parts of country, whom do you think is responsible, that phackin mumtaj bano , who happens to be cm of bengal.

Sent from my SM-N900 using Tapatalk

[vayuu1]

That is why, records show that most money deposited in zero account jan dhan yojana is in West Bengal and karnataka. Here I thought people in UP are corrupt. I hope government freezes these accounts or puts a withdrawl limit to span over 10 years unless they are able to explain taxmen where the money came from.

U are forgetting kerala, how Co - operative banks are involved in huge black money rackets , that's why most ruckus has been from cpi and tmc

Sent from my SM-N900 using Tapatalk

[The Outsider]

What a fuuucking echo chamber on ICF. Not unexpected because this is a microcosm of RSS. Hopefully, I'll have some time besides getting the fuuuuxck out of shiiiiithooole nation I've lived in and survived for one year in December. 

[Singh bling]

4 hours ago, Mariyam said:

4 out of 1000 have a debit card? Doesn't seem right. Around 35% of India has a bank account. This is a 2014 statistic that I state. Before the dhan yojna scheme.

Derek O'Brien's numbers on debit cards insinuate that just 1.1% of those who have a bank account own a debit card!!!

 

Seems very unlikely, given that every bank hands out free debit cards on opening of accounts since the last 15 odd years.

 

Real world and theoritical world are very different. My brother opened a saving account along with education loan account. in 2008 , Still so far no debit card isssued.My mother opened a family pension account in 2013 , no debit card was issued, then I went with mom in 2016 only then they issued debit card.In another incident I opened Mom' saving account in hdfc bank , again no debit card. I have to specially phone RM and then we went to bank and signed form , only then Debit card issued. I can only imagine what will be situation in small towns and rural India

[Singh bling]

5 hours ago, mishra said:

That is why, records show that most money deposited in zero account jan dhan yojana is in West Bengal and karnataka. Here I thought people in UP are corrupt. I hope government freezes these accounts or puts a withdrawl limit to span over 10 years unless they are able to explain taxmen where the money came from.

And How do Govt differentiate  between  money honestlly earned and black money.Please hear Derek's speech. He beautifully explained how white and black economy work together.If  Govt freezes accounts of honest people then in future nobody deposit money in bank because they think that GOvt can anytime freeze account. Anyway limit of 50000 is already on jan dhan accounts so what is the problem?

[Singh bling]

1 hour ago, vayuu1 said:

Agree, but the thing this thing was need if the hour, their has been a bit of problem in implementation not intention, offcourse they have problem with plastic money, do you know that 80 %of counterfeit currency comes to malda and distributed to parts of country, whom do you think is responsible, that phackin mumtaj bano , who happens to be cm of bengal.

Sent from my SM-N900 using Tapatalk

I thought guarding borders is the duty of Central Govt.Punjab also has huge drug problem and it comes from Pakistan so why not put NDA Govt their responsible?Of course Akali BJP in Punjab and TMC , CPM all are jointly responsible along with central Govt

[Singh bling]

Quote

Exchange of Rs 500 and Rs 1000 notes ends; can be deposited till Dec 30

Instead of this Govt should give instant account number to to any poor person that comes to deposit or this will break the back of those poor who don't have bank accounts but still have some cash

[mishra]

2 hours ago, Singh bling said:

And How do Govt differentiate  between  money honestlly earned and black money.Please hear Derek's speech. He beautifully explained how white and black economy work together.If  Govt freezes accounts of honest people then in future nobody deposit money in bank because they think that GOvt can anytime freeze account. Anyway limit of 50000 is already on jan dhan accounts so what is the problem?

Yes, Only because I  wanted to see faces and words of these politicians in front of Modi .SP MP Naresh Agarwal spoke for every politician in the house, which came out more honest veiled suggestion to PM then Mr Derek i.e. "If only" government would have given him/SP warning, he would have supported the move without giving a zilch to other politicians and black money hoarders

 

What is different in Derek speech apart from some manufactured doom gloom?  Basic nature of every political speech in/out parliament is same. i.e Allthough they are funded by taxpayers and national debt, they are shamelessly making case for black money on grounds of slowdown in economic activity and inconvenience to poor. Or is there is anything new? When they are saying they are all in for routing out corruption, only thing i see is the person saying that is one of the biggest corrupt. That includes lot of BJP leaders too. Have you heard Rajnath Singh making any speech since demonetisation

 

BTW if you think Mamata di or anyone in her party knows economics then you need to visit Kolkata. City is in worse state then Budhdeb's reign

Edited November 24, 2016 by mishra

[Tibarn]

1 hour ago, mishra said:

Yes, Only because I  wanted to see faces and words of these politicians in front of Modi .SP MP Naresh Agarwal spoke for every politician in the house, which came out more honest veiled suggestion to PM then Mr Derek i.e. "If only" government would have given him/SP warning, he would have supported the move without giving a zilch to other politicians and black money hoarders

 

What is different in Derek speech apart from some manufactured doom gloom?  Basic nature of every political speech in/out parliament is same. i.e Allthough they are funded by taxpayers and national debt, they are shamelessly making case for black money on grounds of slowdown in economic activity and inconvenience to poor. Or is there is anything new? When they are saying they are all in for routing out corruption, only thing i see is the person saying that is one of the biggest corrupt. That includes lot of BJP leaders too. Have you heard Rajnath Singh making any speech since demonetisation

 

BTW if you think Mamata di or anyone in her party knows economics then you need to visit Kolkata. City is in worse state then Budhdeb's reign

Exactly, all these Socialist ch**tiya parties suddenly are giving economic lectures. 

[BeautifulGame]

Real world and theoritical world are very different. My brother opened a saving account along with education loan account. in 2008 , Still so far no debit card isssued.My mother opened a family pension account in 2013 , no debit card was issued, then I went with mom in 2016 only then they issued debit card.In another incident I opened Mom' saving account in hdfc bank , again no debit card. I have to specially phone RM and then we went to bank and signed form , only then Debit card issued. I can only imagine what will be situation in small towns and rural India

You probably an old exception most likely.

Since 2014 , issuing ATM cards to savings banks accounts is mandatory and an RBI directive .

There might be here and there exceptions but most account holders in general get issued ATM cards along with bank pass book nowadays even in rural areas.

The issue is how actively used the cards are, particularly in rural areas .More than 80% ATM cards are used solely for withdrawing cash from ATM in India .So O'Brien is probably more accurate when takes about using cards for payments etc .