tweaker Posted June 13, 2017 Author Posted June 13, 2017 RBI will soon introduce new currency notes of Rs 500 value. Old notes of Rs 500, which were introduced in the wake of demonetisation of older Rs 500 and Rs 1000 notes will continue to remain legal tender.
Singh bling Posted June 15, 2017 Posted June 15, 2017 Quote Banks still facing cash crunch, approach RBI for resolution http://www.moneycontrol.com/news/business/cnbc-tv18-comments/banks-still-facing-cash-crunch-approach-rbi-for-resolution-2304629.html 160 IQ plus BJP supporters were hoping that GOI will work with bullet speed and in 7 months they will replace currency , count the demonitised notes and punish the tax evaders, forget about punishing Modi Govt has not yet replaced the notes and they were telling people how 5 lakh crores more money is now with banks
Singh bling Posted June 20, 2017 Posted June 20, 2017 Quote Modi’s DeMo Gambit Failed: Costs Exceed Gains And Farm Anger Is The Final Piece Of Evidence https://swarajyamag.com/economy/modis-demo-gambit-failed-costs-exceed-gains-and-farm-anger-is-the-final-piece-of-evidence
tweaker Posted June 22, 2017 Author Posted June 22, 2017 The government has allowed banks and post offices to exchange old Rs500, Rs1,000 notes that are no longer in circulation with the Reserve Bank of India (RBI) within a month (by July 20), only if these notes were collected by December 30 last year. District central cooperative banks have also been permitted to exchange these banned notes with the RBI by July 20, provided they collected the demonetised notes between November 10 and 14 last year,
tweaker Posted June 30, 2017 Author Posted June 30, 2017 The government has allowed banks and post offices to exchange old Rs500, Rs1,000 notes that are no longer in circulation with the Reserve Bank of India (RBI) within a month (by July 20), only if these notes were collected by December 30 last year. District central cooperative banks have also been permitted to exchange these banned notes with the RBI by July 20, provided they collected the demonetised notes between November 10 and 14 last year,
tweaker Posted June 30, 2017 Author Posted June 30, 2017 In a sharp attack on Indian government’s demonetisation move, Steve Forbes, the Editor-in-Chief of Forbes magazine has gone all out and said, what they have done to the money is ‘sickening and immoral. In an article written by Forbes in the magazine, he wrote about the government’s decision and called it a ‘massive theft of people’s property’. Forbes called the Indian bureaucracy to be ‘notorious’ for corruption, red tape and lethargy. In the article, Forbes has given an overview on how the demonetisation move was carried out by the Indian government; about the cash crunch, ATM queues, and the increase in governmental control over lives.
tweaker Posted July 2, 2017 Author Posted July 2, 2017 Housing sales fell by 41 per cent during January-May period of 2017 at 1.10 lakh units across 42 major cities as property demand continued to be sluggish post demonetisation
surajmal Posted July 2, 2017 Posted July 2, 2017 26 minutes ago, tweaker said: Housing sales fell by 41 per cent during January-May period of 2017 at 1.10 lakh units across 42 major cities as property demand continued to be sluggish post demonetisation Thats big. Tells you how dependent real estate is on black money. Hopefully, it will start to reflect in prices soon so mango man can finally afford to buy a place to live.
tweaker Posted July 5, 2017 Author Posted July 5, 2017 "Don't make the honest suffer". With these observations, the Supreme Court bench comprising the Chief Justice of India has asked the government and the RBI to ponder some relief for some people who still hold old Rs 500 and Rs 1000 notes. The court gave two weeks' time to government and the central bank to consider options to provide a window for such individuals to deposit old Rs 500 and Rs 1000 notes.
Pollack Posted July 5, 2017 Posted July 5, 2017 On 30/06/2017 at 1:57 PM, tweaker said: In a sharp attack on Indian government’s demonetisation move, Steve Forbes, the Editor-in-Chief of Forbes magazine has gone all out and said, what they have done to the money is ‘sickening and immoral. In an article written by Forbes in the magazine, he wrote about the government’s decision and called it a ‘massive theft of people’s property’. Forbes called the Indian bureaucracy to be ‘notorious’ for corruption, red tape and lethargy. In the article, Forbes has given an overview on how the demonetisation move was carried out by the Indian government; about the cash crunch, ATM queues, and the increase in governmental control over lives. This has been clearly seen since BJP government came. Adhar is shoved down the throats of people even if SC has clearly said it should not be mandatory. Adhar is a failed scheme due to improper implementation and is forced down to people without solving reservations about it. And then there are usual BJP things like cow vigilantism, ant Romeo squad etc.
Singh bling Posted July 12, 2017 Posted July 12, 2017 (edited) Quote Deposited demonetised notes still being counted: RBI Governor http://timesofindia.indiatimes.com/business/india-business/deposited-demonetised-notes-still-being-counted-rbi-governor/articleshow/59563202.cms 8 months and still they are counting notes Edited July 12, 2017 by Singh bling
tweaker Posted July 13, 2017 Author Posted July 13, 2017 If demonetisation had not happened to India in November 2016, it would have taken three years for India to reach current levels of digital transactions, a report by State Bank of India
Haarkarjeetgaye Posted July 14, 2017 Posted July 14, 2017 On 7/12/2017 at 10:43 AM, Singh bling said: 8 months and still they are counting notes Dekhiye thook bhi khatam ho sakta hai. Patel ne reason nahi diya Singh bling 1
tweaker Posted July 17, 2017 Author Posted July 17, 2017 If demonetisation had not happened to India in November 2016, it would have taken three years for India to reach current levels of digital transactions, a report by State Bank of India Tibarn 1
Singh bling Posted July 17, 2017 Posted July 17, 2017 (edited) Quote Can’t give more time to deposit old notes, it defeats purpose of demonetisation: Centre to SC http://www.hindustantimes.com/india-news/can-t-give-more-time-to-deposit-old-notes-it-defeats-purpose-of-demonetisation-centre-to-sc/story-K6mKrsxjsm6tzjrxdw0ccN.html This Govt still thinks that most black money holders are still sitting with old notes Meanwhile Quote India lost 1.5 million jobs in the aftermath of demonetisation https://qz.com/1030632/india-lost-1-5-million-jobs-in-the-aftermath-of-demonetisation/ Edited July 17, 2017 by Singh bling
tweaker Posted July 22, 2017 Author Posted July 22, 2017 Post demonetisation, India added some 9.1 million people to the list of taxpayers, according to CRISIL.
Singh bling Posted July 24, 2017 Posted July 24, 2017 Quote Government figures suggest demonetisation wasn’t worth the trouble What this also means that demonetisation by itself accounted for seizures that were considerably small compared to the seizures and the disclosures the Income Tax managed outside the period of demonetisation. Even if one deducts Rs.5,400 crore from Rs.71,941 crore, it would appear that money,“undisclosed income” unearthed by the government outside the demonetisation period was larger than during the period. http://www.moneycontrol.com/news/uncategorized/government-figures-suggest-demonetisation-wasnt-worth-the-trouble-2333983.html Our great IT department which catches on an average 2000 crore of black money per month was able to catch just addittional 1400 crores in 2 months of demonitisation.I still remember demo cheer leaders used to post IT department seizing currency thinking that some kind of revolution was going on , only to find out now that mere 1400 crores extra was caught
tweaker Posted July 25, 2017 Author Posted July 25, 2017 The Income Tax department is probing over 30,000 cases of alleged tax evasion wherein the returns (ITRs) were revised by assessees post demonetisation, CBDT chief Sushil Chandra said
dial_100 Posted July 26, 2017 Posted July 26, 2017 wait for bigger bamboo. Nice move in the run up to 2019. (ToI) rs-2000-note-government-mum-on-scrapping-reports
surajmal Posted July 26, 2017 Posted July 26, 2017 6 minutes ago, dial_100 said: wait for bigger bamboo. Nice move in the run up to 2019. (ToI) rs-2000-note-government-mum-on-scrapping-reports That was a given. But I think this time they would do it gradually (like over a 2 yr period).
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