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86% notes are exchanged - Jaitley

Chalanachithram.com DB » New TF Industry Related » Archive through November 14, 2016 » 86% notes are exchanged - Jaitley « Previous Next »
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Machomegastar
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Posted on Sunday, November 13, 2016 - 02:01 pm:       


Saarang:





The momet they deposit more than 2.5 they are bound to pay tax. It should happen at the same time right
Nippu Naga Raju and
Pappu Naga Raju

 

Sp1234
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Posted on Sunday, November 13, 2016 - 01:16 pm:       


Saarang:



Long term benefits depend on follow-up actions and policies. Besides moving transactions electronic, it looks to me people are paying for the lost money due to political and administrative corruption.
 

Saarang
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Posted on Sunday, November 13, 2016 - 01:09 pm:       


Sp1234:


Yeah..that's the follow thru. Question is where is all that money supposed to be flushed out. Thinking it thru...govt tax revenue increase(which inefficiency, corruption will waste it eventually), adding liquidity to dying banks are the main reasons than anything else. Banks are sitting on 6 lakh cr bad assets and need min 1.25lakh cr liquidity it seems which this excercise achieved. Aa poyina 6lakh cr kooda Janala sommey




Entha flush out avutundhi and will the government waste the additional tax revenue is debatable...ok.

But 2 long term benefits for sure:
1) The money that came into open is good for the economy in many ways: It will increase the circulation istead of stagnating. Today's banking systems have much more traceable than in the past. So, its like a huge reset with more ability to track where it is going. There can be more follow-up on the source of these sudden deposits in future.

2) They are not going to introducd real currency equal to 15 lakh crores that is being taken out. So, far they only printed 1.5 lakh crores, they will print some more but the total will be far less than the old currency. Rest will be electronic currency. So, more transactions will have to be electronic.

Idhi Modi himself mentioned in his original speech.
 

Sp1234
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Posted on Sunday, November 13, 2016 - 01:03 pm:       


Saarang:



Yeah..that's the follow thru. Question is where is all that money supposed to be flushed out. Thinking it thru...govt tax revenue increase(which inefficiency, corruption will waste it eventually), adding liquidity to dying banks are the main reasons than anything else. Banks are sitting on 6 lakh cr bad assets and need min 1.25lakh cr liquidity it seems which this excercise achieved. Aa poyina 6lakh cr kooda Janala sommey
 

Sp1234
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Posted on Sunday, November 13, 2016 - 12:57 pm:       

Eedi lekka choostunte fake currency ekkuva convert ayinatundhi asalu kantey..
 

Saarang
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Posted on Sunday, November 13, 2016 - 12:57 pm:       


Sp1234:

Operation success patient dead aa.. black antha white aipoindha already?




First hand information from a large business. Normally, they maintain 30 crores in various bank accounts. Last 2 days lo the deposited an additional 60 crores into bank accounts. If IT catches them, they will try to claim it as recent revenue...ayinda pattukunte they will have to pay penalty. IT pattukuntundha ledha teliyataniki will take an year. At the minimum, they will to pay tax on the 60 crores which they would not have normally paid.
 

Hero
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Posted on Sunday, November 13, 2016 - 12:55 pm:       

kkd kurrod vachi SBI collections edatad wait cheyandi...

Black moeny collections kabali collections ni beat chesedo leda mari so far




 

Sp1234
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Posted on Sunday, November 13, 2016 - 12:55 pm:       


Saarang:



Giving an example of the countryâs largest lender SBI, which controls 20-25 per cent of the banking business, Jaitley said that in two and a half days since it opened after the demonetisation announcement, it had done 2.28 crore transactions. âYou can make an estimate that the total banking system would have done about four-five times of that of SBI, which is about Rs 2 lakh crore,â he said. //

In his own words 8-10 lakh crore already exchanged out of how much 14l cr?
 

Junior_no1
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Posted on Sunday, November 13, 2016 - 12:51 pm:       


Saarang:

Horrible translation by eenadu


it is an epic paper
 

Sp1234
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Posted on Sunday, November 13, 2016 - 12:51 pm:       


Ntr_rocks:



English medium convent pillodiva... akkada matter Telugu lo clear gaaney undhi
 

Sp1234
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Posted on Sunday, November 13, 2016 - 12:49 pm:       

Operation success patient dead aa.. black antha white aipoindha already?
 

Saarang
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Posted on Sunday, November 13, 2016 - 12:49 pm:       


Sp1234:

86% notes are exchanged - Jaitley




Horrible translation by eenadu. He said converting 86% of the notes is a major operation. So, expect hurdles.
 

Ntr_rocks
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Posted on Sunday, November 13, 2016 - 12:49 pm:       


Sp1234:

where is all the black money Mr Jaitley?


lol...neku govt em chestundo ardam ayinattu ledu
 

Junior_no1
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Posted on Sunday, November 13, 2016 - 12:46 pm:       


Sp1234:

where is all the black money Mr Jaitley?


black box
 

Sp1234
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Posted on Sunday, November 13, 2016 - 12:45 pm:       

Assuming it will be near 100% in next few weeks, where is all the black money Mr Jaitley?

http://www.eenadu.net/homeinner.aspx?category=business&item= break24

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