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Demonetization is a hollow move

Chalanachithram.com DB » New TF Industry Related » Archive through November 14, 2016 » Demonetization is a hollow move « Previous Next »
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Onlytruth
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Posted on Monday, November 14, 2016 - 08:31 am:       

Answer ivvaleka jump jilani tilakam n co
 

Onlytruth
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Posted on Monday, November 14, 2016 - 06:11 am:       

Redbull.
Cbn is talking xbullshit in this topic.. KCR prajagrahanni gamaninchi jump ayyi modi ni abusing " dikkumalina charya " ani

Cbn ee daridrapu modi tho tieup papaniki spl status and ee notes exchange scam lo rajakeeyam ga bokka
 

Redbull
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Posted on Monday, November 14, 2016 - 06:06 am:       


Onlytruth:




http://www.eenadu.net/homeinner.aspx?category=home&item=brea k118

OT read this.. CBN endhi " pedha samskaranalu theesukochinappudu thatkalika ibbandhulu sahajame" antunnadu.. is he speaking BS or is he making sense?
 

Onlytruth
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Posted on Monday, November 14, 2016 - 06:02 am:       

Modi failures ki answer leka , DLM tilak kiki

Kaneesam vadhra gadi meeda kuda action teesukoni paper tiger modi
 

Zamindar
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Posted on Monday, November 14, 2016 - 05:57 am:       


Redbull:


should have made all online trancastion available above 2000 and forcely implement online payments for last 6 months and stop all 500 and 1000 replace more and more 200 notes would have better worked for this cause my 2cents
 

Redbull
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Posted on Monday, November 14, 2016 - 05:53 am:       


Zamindar:

overnight ye marpu anedi kooda pedda emotional black mail




i have to agree..overnight change..mana country lo impossible...

100s of such things needs to be pushed..to see change after a real long time..even if you question me after 1 year..if this demonitisation process has added any big value..i won't have a answer...

but attempt is good..and such attempts required...(ikkada modi ledhu beedi ledhu) whoever tries such acts..its best for greater good
 

Bluelagoon
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Posted on Monday, November 14, 2016 - 05:51 am:       

BINAMEE transcation act which will be implemented soon will tackle that problem i.e who are binamees and who did not pay income tax and bought properties

evvaru feel avva maakandi

in fact al pol parties ee scheme tho bayapadata ledhu

aa vacche inko scheme ki bayapadi leni opposition ni manufacture ecsi modi ni baya pettalai ani coosythunnaru

kaani modi gandara gandadu heheh
 

Zamindar
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Posted on Monday, November 14, 2016 - 05:48 am:       


Redbull:


asal Pakistan sudden ga fake currency dump chesindi anduke overnight ye marpu anedi kooda pedda emotional black mail
 

Redbull
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Posted on Monday, November 14, 2016 - 05:44 am:       


Zamindar:

I am for India tranformation with Modi but can some one explain me how this act will stop to print and dispose new fake 2000 and 500 notes from Pakistan




I know this is biggest challenge..however

1) It takes long real long time to pump economy with old levels of cash with new currency notes..

2) Also going forward..malli same range cash chethulu maraalante..retail investors lo some percentage will try to tighten belt..ang go through proper bank transaction route..which will have knock on effect upto top level..


This is just taking baby steps..
 

Tilak
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Posted on Monday, November 14, 2016 - 05:39 am:       


Onlytruth:


nee attention seeking mumait khan posts vere threads lo choosa le .. malli ave copy paste chesi chaava kottaku ..
India First.
 

Zamindar
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Posted on Monday, November 14, 2016 - 05:38 am:       

I am for India tranformation with Modi but can some one explain me how this act will stop to print and dispose new fake 2000 and 500 notes from Pakistan
 

Onlytruth
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Posted on Monday, November 14, 2016 - 05:37 am:       

Tilak:

Manifesto to implementation 10% kuda undadu any party so lets not even gp to manifesto

Election Campaign lo most talked points are on which we question rulers


Modi gadu each n every talking point failed miserably

AP ki special status mosam jesaru

Rama mandiram hindus ni mosak chesaru

Fast track courts on MLA MP corruption ,1 yr lo judgement annadu .. Failed

Foriegn black money ni venakki teppinchadam annadu ... Disaster

Rupee value strengthen chestaa manmohan age nunchi annaadu ...joker ayyadu

Pakistan tho foreign policy utter failure ... Pelli lo dance vesi john ayyadu

Kashmir lo 4 months nunchi citizen life standstill .. Disasters

Willful defaulters meeda no action ... Normal rate lo ne unnayi nothing stringent actions


Ennenni failures?

3 yrs ayyindhi

All Utter failure


Okata rendaa ?

Every key issue lo nation ni mosam jeyyadam or execute cheyyaleka fail ayina modi


Vaanni nammukunte M kudisinatte mana india
 

Right_wing
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Posted on Monday, November 14, 2016 - 05:33 am:       


Onlytruth:

And there is no measure to curb this... is what that analyst has said and 100% true




to curb you have make that currency invalid and that what he did..its bad luck that who is ever holding that money at the time of announcement has to suffer, but he has accepted the black money.
 

Film_fan
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Posted on Monday, November 14, 2016 - 05:32 am:       

surely a horror move for some.....


We are what we repeatedly do. Excellence, then, is not an act, but a habit.
-- Aristotle
 

Right_wing
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Posted on Monday, November 14, 2016 - 05:30 am:       


Kondaveti:

Almost everybody has been discussing how the so-called demonetization (strictly speaking, this is not demonetization�it�s replacing old notes with new)




evadu saami ee gootle gaadu ...its demonetization not note exchange because there is a restriction on how much you can exchange.

idi pattukocchi OT endi nee allari
 

Tilak
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Posted on Monday, November 14, 2016 - 05:30 am:       


Kondaveti:

Anecdotally, some of the malls in Bengaluru and Mumbai saw a phenomenal rise in the use of credit and debit cards last week. There will be resistance in rural India, and low-income groups will take time to get used to debit cards, but the combination of the goods and services tax, an Aadhaar-driven financial inclusion and the latest move will change the narrative of India�s formal economy.



India First.
 

Onlytruth
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Posted on Monday, November 14, 2016 - 05:29 am:       

this is utter bull...if you purchase land with your blackmoney ..it just changes hands wont totally become white ...

>>>

And there is no measure to curb this... is what that analyst has said and 100% true
 

Kondaveti
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Posted on Monday, November 14, 2016 - 05:27 am:       


Onlytruth:




adhe site lo.. inko item..

http://www.livemint.com/Opinion/EkmLAaGA4SWC0vnrjD70GO/Dear- prime-minister-the-buck-stops-with-you.html

could this chaos have been avoided entirely? Certainly not. Secrecy is the key to the success of such a move. There was only a three-hour window and even that was wide enough for many with unaccounted money—they bought gold and foreign currency till the wee hours of 8 November, paying as much as 50% premium. Had the government and the Reserve Bank of India (RBI) wanted a foolproof transition by stacking currency chests of all banks with new notes to ensure a smooth transition, the black money hoarders would have got wind and the very purpose of this exercise would have been defeated.

The choice before the government was to announce it out of the blue and run the risk of the chaos on streets or have a smooth transition from the old currency notes to new notes but without getting much out of it in terms of unearthing unaccounted cash. It has chosen the first, and rightly so. My understanding is that the plan was to launch this a bit later, probably in January, but the image of the new Rs2,000 note making the rounds in social media last week unnerved the government and it did not want to take chances with the plan being leaked and instead preferred to launch it immediately, even though the printing of Rs500 currency notes had not even started at that time.

Almost everybody has been discussing how the so-called demonetization (strictly speaking, this is not demonetization—it’s replacing old notes with new) has failed in India and globally and how it could possibly curb only the stock of the black money (that too, partially) and the flow will continue. The habitual offenders would now hoard the new Rs500 notes and the higher-denomination Rs2,000 notes will, in fact, make their job easier. Even now, thousands of Jan Dhan accounts are being ‘sold’—people with unaccounted money are hiring such accounts to deposit Rs2.5 lakh, the limit up to which the tax authorities will not ask any questions on the source of money. There could be endless debates on all these and the disruption in discretionary consumption, gold and property markets, but that does not negate the enormous impact of the historic move.

As of September, the Indian economy had Rs17.3 trillion or $260 billion of currency in circulation, and going by the March 2016 data, Rs500 and Rs1,000 notes contributed to 86% of the value of currency in circulation—around Rs14 trillion or a little over 10% of India’s GDP. Even if a part of this money flows to the banking system and tax is paid on that, the government stands to gain and to that extent, the country’s fiscal health will improve. This will also improve India’s tax-to-GDP ratio of 16.6%, much lower than the emerging markets average of 21%.

On Saturday, Jaitley announced that around Rs1.5-2 trillion fresh deposits flowed into the banking system and the State Bank of India alone has mopped up Rs48,000 crore. In the past one year—between November 2015 and October 2016—the banking system collected Rs8.9 trillion new deposits. At this rate, in 50 days till 30 December, the flow of new deposits would probably be higher than the yearly deposit collection. This will increase liquidity in the system and drive down the interest rates on loans and yields on bonds. The so-called monetary transmission will improve and banks’ profitability too will rise as they will get more low-cost current and savings accounts and their cost of funds will come down.

Indeed, this drive will attack the stock of black money and not the flow, but it will instil the fear of god in the tax evaders the way the new insolvency law will psych the wilful defaulters of the banking industry. The chaos at bank branches and ATMs and people scrambling for new currency notes will also force many to shift to plastic and other channels of payments instead of cash alone. Anecdotally, some of the malls in Bengaluru and Mumbai saw a phenomenal rise in the use of credit and debit cards last week. There will be resistance in rural India, and low-income groups will take time to get used to debit cards, but the combination of the goods and services tax, an Aadhaar-driven financial inclusion and the latest move will change the narrative of India’s formal economy.
 

Onlytruth
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Posted on Monday, November 14, 2016 - 05:26 am:       

Central or State govt offices lo employees corruption modi regime lo inch kuda taggaledhu , only at higher level ministers level lo taggindhi which is just ook

Adhi okkate modi success, rest all crap gadu congress kannaa..

Failed miserably


   

AP ki special status

Rama mandiram

Fast track courts on MLA MP corruption

Foriegn black money ni venakki teppinchadam

Rupee value strengthen chestaa manmohan age nunchi annaadu

Pakistan tho foreign policy utter failure

Kashmir lo 4 months nunchi citizen life standstill

Willful defaulters meeda no action


Ennenni failures?

3 yrs ayyindhi

Utter failure


Okata rendaa ?

Every key issue lo nation ni mosam jeyyadam or execute cheyyaleka fail ayina modi


Vaanni nammukunte M kudisinatte manamu


Ee notes issue planning entha worst ga edisindho first one week telling na !

Why mooda bhakts trying to buy time ?
 

Right_wing
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Posted on Monday, November 14, 2016 - 05:24 am:       


Onlytruth:

Fifth, it has done absolutely nothing to curb either corruption or tax evasion.




with limited circulation of currency now and in future it will reduce corruption.
 

Onlytruth
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Posted on Monday, November 14, 2016 - 05:22 am:       

Bull sodara

Implementation lo mistakes., ee line lo nilchovatalu konchame issue .. Major issue is fundamental flaw in whats been pushed for execution

It severely damaged hard earners and Publicity pichodu is the culprit

Half baked idea further damaged with poorest execution

6 months nunchi 2,000 notes print chestoo , ATM llo aa size dispenser implementation marchipoyaru joker modi team
 

Redbull
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Posted on Monday, November 14, 2016 - 05:22 am:       

OT annaa..akkada 33 jillala KCR koodaa gukka patti edustunnadu..

eediki koodaa cheppali anta.. KCR sir..in a week's time we are banning 500,1000 notes..please safeguard..your RE guys,contractors ani..
 

Right_wing
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Posted on Monday, November 14, 2016 - 05:21 am:       


Onlytruth:

Second, it has imposed a punitive cost on those who held their black assets as cash, and completely missed those who had converted their cash into real assets and foreign holdings.




this is utter bull...if you purchase land with your blackmoney ..it just changes hands wont totally become white ...who are these pseudo analysts
 

Redbull
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Posted on Monday, November 14, 2016 - 05:18 am:       


Onlytruth:




Good, Hope they learn implementation mistakes and come up with good plan for next RE act..

and as pointed..one medicine doesn't cure everything.. there are some side effects..and should take care..even if next govt implements it
 

Raman
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Posted on Monday, November 14, 2016 - 05:17 am:       

yes asala berallev TN lo tasmac andhra karnataka and hyderabadu llo prasadu laki
moolig nakkapai tatikayapaddam ante ento dabbu petti nastamlo sarapata konnollaki bonus ga Demonetization
 

Onlytruth
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Posted on Monday, November 14, 2016 - 05:15 am:       

Narendra Modi’s publicity coup has penalized the entire informal sector while\red {doing nothing to curb corruption or tax evasion}


Considering the fact that the informal sector in India accounts for about 45% of GDP and nearly 80% of employment, disruption of this cash liquidity can be very costly indeed, both in terms of growth and equity.
 

Tilak
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Posted on Monday, November 14, 2016 - 05:15 am:       

The batsman takes guard .. and here comes Wasim charging in from Karachi end on Day 6 ..
India First.
 

Onlytruth
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Posted on Monday, November 14, 2016 - 05:13 am:       

Positives/Negative both been presented, we can see undebatably Negatives outweigh positives

What has this grand exercise actually achieved?

First, it has certainly eliminated terrorist funding through counterfeit currency.

Second, it has imposed a punitive cost on those who held their black assets as cash, and completely missed those who had converted their cash into real assets and foreign holdings.

Third, it has put a dampener on certain kinds of criminal activity.

Fourth, it has penalized virtually the entire informal sector, and perhaps damaged it permanently.

Fifth, it has done absolutely nothing to curb either corruption or tax evasion. And all this at the cost of Rs12,000 crore in printing new notes and nobody knows how much in the logistics of exchanging the currency. Talk about cutting your nose to spite your face.

http://www.livemint.com/Opinion/uzvIE84KGXy1xvp06pTazM/Demon etization-is-a-hollow-move.html

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