beetle Posted December 2, 2016 Share Posted December 2, 2016 10 hours ago, Rohit S. Ambani said: Officials said the searches were launched on the premises of two engineers, working with the state government, and some "connected persons". Most of these guys are being caught.It is easier to track such big movement of money. The BJP leader was being tracked since the time the money was given and was arrested red handed with the money. So many bank managers have been caught . Can't blame the govt if people are Besharam. Link to comment Share on other sites More sharing options...
beetle Posted December 2, 2016 Share Posted December 2, 2016 10 hours ago, Rohit S. Ambani said: Read full news story - Rs 4.7 Crore, Gold Biscuits Seized in Biggest Catch Since Note Ban Pakde ja rahe hain na????? The Rats are being caught......that means a system was in place to catch them and it worked. Khush ho ja..... Cricketics, dial_100 and maniac 3 Link to comment Share on other sites More sharing options...
coffee_rules Posted December 2, 2016 Share Posted December 2, 2016 Cash crunch in ICICI/Citibank - they are giving out tokens - 100 for 3 hrs or so. Went to SBI and was able to get money from account with a cheque book. Looks like private banks are getting shafted. Link to comment Share on other sites More sharing options...
mishra Posted December 2, 2016 Share Posted December 2, 2016 2 hours ago, radhika said: Most of these guys are being caught.It is easier to track such big movement of money. The BJP leader was being tracked since the time the money was given and was arrested red handed with the money. So many bank managers have been caught . Can't blame the govt if people are Besharam. Note badal sakate ho. Niyat nahi. But if in this round, if most/all havala operators are caught, that will be good enough basis for future work beetle 1 Link to comment Share on other sites More sharing options...
mishra Posted December 2, 2016 Share Posted December 2, 2016 BTW every time someone is caught with new notes, I cant help but notice that The strap on the confiscated bundle is from "AXIS" Bank. Looks like AXIS Bank officials there are fully involved in this racket. AXIS Bank will have a lot of explaining to do. Link to comment Share on other sites More sharing options...
kosingh Posted December 2, 2016 Share Posted December 2, 2016 Black money seems to be back in the system. parents trying to sell a flat in Delhi, but buyers all want to pay at least 50% in cash, and happy to pay in 2000 rupee notes. Seems like many people who were hoarding black money in cash were able to get it converted to 2000, 100 and new 500 rupee notes, and are now quicky trying to purchase non cash assets. sandeep 1 Link to comment Share on other sites More sharing options...
Singh bling Posted December 2, 2016 Share Posted December 2, 2016 22 hours ago, Muloghonto said: Petty financial crime ? Do you realize that in every single western country, tax fraud lands u in jail or a massive fine ? Did u know that the most famous crime boss of all time, Al Capone , was taken down by the IRS and not the police/DEA in USA ? Please talk about India. The country in which people that were seen actively leading mobs in 1984 riots became ministers.despite congress loosing ground both Sajjan Kumar and Tytler are still out and free.Thinking in such country people that will deposit few thousands of black money will be in jail is hilarious Link to comment Share on other sites More sharing options...
Tibarn Posted December 2, 2016 Share Posted December 2, 2016 FM says that we will never return to the same amount of total cash, and he also hints at a lowering of tax rate. randomGuy 1 Link to comment Share on other sites More sharing options...
Muloghonto Posted December 2, 2016 Share Posted December 2, 2016 20 minutes ago, Singh bling said: Please talk about India. The country in which people that were seen actively leading mobs in 1984 riots became ministers.despite congress loosing ground both Sajjan Kumar and Tytler are still out and free.Thinking in such country people that will deposit few thousands of black money will be in jail is hilarious So your idea is, if there is one type of crime, why not have all types of crime ? Crime is crime. Whenever it is detected it should be punished. The whole 'you didn't punish him foto breaking the law why r u punishing me for the same thing ' is not a valid argument. Link to comment Share on other sites More sharing options...
Singh bling Posted December 3, 2016 Share Posted December 3, 2016 10 hours ago, Muloghonto said: So your idea is, if there is one type of crime, why not have all types of crime ? Crime is crime. Whenever it is detected it should be punished. The whole 'you didn't punish him foto breaking the law why r u punishing me for the same thing ' is not a valid argument. This is just a theory .In reality if people see illegal things , crime is paying them then they do the same.Poor people gets regularly beaten , asked for bribe illegally. similarly they also encroach area's to have their stall and build their house on public land illegally .So in their life they see many illegal things done to them and they themselves end up doing so many illegal things. Link to comment Share on other sites More sharing options...
BeautifulGame Posted December 4, 2016 Share Posted December 4, 2016 Black money seems to be back in the system. parents trying to sell a flat in Delhi, but buyers all want to pay at least 50% in cash, and happy to pay in 2000 rupee notes. Seems like many people who were hoarding black money in cash were able to get it converted to 2000, 100 and new 500 rupee notes, and are now quicky trying to purchase non cash assets. I have heard of Bank officials who will convert your black money into new currency with commission ranging from 10 to 40% I don't know how they are actually carrying out with all the RBI monitoring system , there definitely are some loopholes are being found by these people.H hopefully they are caught . But these are minor issues though .There are still a large section of people who are struggling to convert their black money or voluntarily deposited in banks.The savings bank deposits in most banks have gone through the roof in almost all banks . There will be exceptions but can't define the success of this demonetization based on exceptions rather than norms . For example in my bank , lot of companies struggled to pay their workers salaries because of cash withdrawal restrictions .But after initial struggles they have decided to open bank accounts for their workers to credit salaries and now this will have long term benefit as well.I am sure most people are finding similar solutions as well.No one going to close his shop or lay of workers because he can't pay in cash ,salaries, for a month . The only major blunder govt did was not having printing enough cash reserves of 100s and new 500s to meet the sufficient demand Link to comment Share on other sites More sharing options...
mishra Posted December 4, 2016 Share Posted December 4, 2016 (edited) On 01/12/2016 at 11:06 AM, Singh bling said: A big blow to all those who were expecting that large number of black money will never come into banks This figure of 11 crore is incorrect. Yesterday, TOI reported it 9.9 crore. week 1=5.4 lakh crore week 2 = 3+ lakh crore week 3 comes out as 1.5 lakh Edited December 4, 2016 by mishra randomGuy 1 Link to comment Share on other sites More sharing options...
chewy Posted December 4, 2016 Share Posted December 4, 2016 seems to working well, but only for ones with bank accounts, hopefully people who didn't have bank accounts are starting to get one. Link to comment Share on other sites More sharing options...
chewy Posted December 4, 2016 Share Posted December 4, 2016 From the "esteemed" Economist editorial: Quote INDIA is not the first country to introduce abrupt, drastic reform of its currency. But the precedents—including Burma in 1987, the former Soviet Union in 1991 and North Korea in 2009—are not encouraging. Burma erupted in revolt, the Soviet Union disintegrated and North Koreans went hungry. All the more reason for Narendra Modi, India’s prime minister, to prepare the ground before the surprise announcement on November 8th that he would withdraw the two highest-denomination banknotes (the 500-rupee and 1,000-rupee, worth about $7.30 and $14.60). Yet he did not and the result is a bungle that, even if it does achieve its stated aims, will cause unnecessary harm. This magazine's silly editorial keeps getting things wrong one after another; Support for Iraq War, backing a retard (Rahul Gandhi) to become Indian PM in 2014, Brexit unlikely to happen, Predicting landslide for Hillary, Detonator and jalebi_bhai 2 Link to comment Share on other sites More sharing options...
vayuu1 Posted December 5, 2016 Share Posted December 5, 2016 Those guys, and officials who are converting black into white by taking percentage, they are going to be so done, was talking to a bank official, he said a very simple thing, RBI has record of every penny it is sending to the bank, and bank has record of every penny it is sending to its branches , also they have attested Id proof with each account, and they have details of backdate deposits as well,if one is trying to deposit a huge some into his own account via setting through a bank official, will be fked up since he has to get that amount in his account with details or else the bank manager will get fked up, when their is dodgyness in distribution of money, more over heard ex income tax employees have been hired for raiding the hoarders and they will work with current employees. Sent from my SM-N900 using Tapatalk Mariyam, beetle and tweaker 3 Link to comment Share on other sites More sharing options...
mishra Posted December 5, 2016 Share Posted December 5, 2016 News among closed quarter is that Opposition is now demanding to reopen recently closed Income Declaration Scheme. Is it down to that 2Lakh Crore unsuccessful declaration or something else? Link to comment Share on other sites More sharing options...
mishra Posted December 5, 2016 Share Posted December 5, 2016 7 hours ago, vayuu1 said: Those guys, and officials who are converting black into white by taking percentage, they are going to be so done, was talking to a bank official, he said a very simple thing, RBI has record of every penny it is sending to the bank, and bank has record of every penny it is sending to its branches , also they have attested Id proof with each account, and they have details of backdate deposits as well,if one is trying to deposit a huge some into his own account via setting through a bank official, will be fked up since he has to get that amount in his account with details or else the bank manager will get fked up, when their is dodgyness in distribution of money, more over heard ex income tax employees have been hired for raiding the hoarders and they will work with current employees. Sent from my SM-N900 using Tapatalk Just last week news was that about 27 senior officers from Government banks were suspended with pending enquiry. Any cash haul from anywhere takes it all back to everyone involved as Serial Number of Notes are still linked directly to Bank Managers. Government can simply ask to do some data mining from various bank IT systems. It is friggin massive work to go after each one but government,bank,taxmen do have evidence. Link to comment Share on other sites More sharing options...
Haarkarjeetgaye Posted December 6, 2016 Share Posted December 6, 2016 AIB on demonetization circus. Brilliant video. These guys are brilliant Link to comment Share on other sites More sharing options...
beetle Posted December 6, 2016 Share Posted December 6, 2016 Born in bank, UP baby named Khazanchi (cashier) Nath Quote http://timesofindia.indiatimes.com/city/kanpur/Born-in-bank-UP-baby-named-Khazanchi-cashier-Nath/articleshow/55826220.cms velu 1 Link to comment Share on other sites More sharing options...
Rohit S. Ambani Posted December 6, 2016 Share Posted December 6, 2016 Russia protests on cash shortage for diplomats post note ban Threatens summoning Indian diplomat in Moscow and putting restriction on the cash withdrawals for Indian diplomats posted in Russia. Pakistan, Ukraine and Kazakhstan have also protested to the ministry. News story source - TOI Pankaj888 and narenpande1 1 1 Link to comment Share on other sites More sharing options...
Recommended Posts