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1.75 Lakh Crore Under Scrutiny Post N...

Chalanachithram.com DB » New TF Industry Related » Archive through August 17, 2017 » 1.75 Lakh Crore Under Scrutiny Post Notes Ban: Modi « Previous Next »
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Ringo_rangaswamy
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Posted on Wednesday, August 16, 2017 - 07:49 am:       


Lenin:

But middle class is in a hurry to attribute whatever good things that are happening to economy without checking facts





Hit ayithe hero ki, flop ayithe director ki annattu.


Silent gaa aa vidham ga munduki vellipovalammaaa
 

Rajusk
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Posted on Wednesday, August 16, 2017 - 07:26 am:       


Lenin:

Def ga solution Modi kadu

A person with better understanding of economy and having empath




Sitaram Yechury emo
 

Prasanth
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Posted on Tuesday, August 15, 2017 - 11:56 pm:       

Hmm..
We are not NRIs or big shot ppl in india to let it go..Anyway, sad
 

Masularex
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Posted on Tuesday, August 15, 2017 - 11:53 pm:       


Prasanth:


gone... maavi 12k unnai... sc adigina karakandigaa cheppesaaru inkosaari notes change avakasam ledu ani...
 

Prasanth
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Posted on Tuesday, August 15, 2017 - 11:43 pm:       

Posts anni chadavaledu inka..
But regarding to thread title...
Last week maa amma 5k worth old notes antaku munde puso pettinavi kanipinchayi anta..

Ipudu em cheyyaali...5k work poyinattena inka...?
 

Lenin
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Posted on Tuesday, August 15, 2017 - 11:30 pm:       


Chiru_fan:




Intent rather than being noble(?) should more be pragmatic and inline with the functionality of the system
Guntur, Hyderabad, Andhra, Telangana, Tamilnadu, Karnataka first....India last!!!
 

Lenin
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Posted on Tuesday, August 15, 2017 - 11:26 pm:       


Asdf:




Def ga solution Modi kadu

A person with better understanding of economy and having empathy...until then Cong or BJP with or any party with alliances dominating them
Guntur, Hyderabad, Andhra, Telangana, Tamilnadu, Karnataka first....India last!!!
 

Asdf
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Posted on Tuesday, August 15, 2017 - 11:21 pm:       


Lenin:

anala Ki policy result tho panenti, perception tappa




solution enti sep
 

Chiru_fan
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Posted on Tuesday, August 15, 2017 - 11:20 pm:       


Lenin:

But middle class is in a hurry to attribute whatever good things that are happening to economy without checking facts



I think people are looking at the intent
CHIRU - SACHIN - FEDERER
 

Lenin
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Posted on Tuesday, August 15, 2017 - 11:17 pm:       


Asdf:




Emundi same old shi***

Corruption, unmarried , anti congress... Asalu idaite picha comedy, BJP aina TDP aina follow ayedi Congress ni except NTR , Adwani type

Janala Ki policy result tho panenti, perception tappa
Guntur, Hyderabad, Andhra, Telangana, Tamilnadu, Karnataka first....India last!!!
 

Asdf
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Posted on Tuesday, August 15, 2017 - 11:09 pm:       


Lenin:

But middle class is in a hurry to attribute whatever good things that are happening to economy without checking facts




what made them to be in such a position - alosinchaava.
 

Lenin
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Posted on Tuesday, August 15, 2017 - 11:04 pm:       

Modi speech vinalanna choodalanna rotha puthadi with his deadpan expressions and putting things like as if someone is out to get him

Veedini orator ante karunanidhi, vajpayee sachipotaru
Guntur, Hyderabad, Andhra, Telangana, Tamilnadu, Karnataka first....India last!!!
 

Lenin
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Posted on Tuesday, August 15, 2017 - 10:55 pm:       

Go through any country's shadow economy after implementing GST or any reforms

It will struggle to adjust to reforms for a whole, and later will adjust and will grow

Few personal experiences will not change the data, trumpet blowing for the individual encounters will only shows the precipitation of onez... Govt bodies and International economic organizations are there to record the changes more accurately
Guntur, Hyderabad, Andhra, Telangana, Tamilnadu, Karnataka first....India last!!!
 

Lenin
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Posted on Tuesday, August 15, 2017 - 10:46 pm:       


Chiru_fan:




Whether Modi is the man or not, time will decide

But middle class is in a hurry to attribute whatever good things that are happening to economy without checking facts

If u go through employment, exports, trade statistics this govt is the worst after 1990z reforms
Guntur, Hyderabad, Andhra, Telangana, Tamilnadu, Karnataka first....India last!!!
 

Lenin
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Posted on Tuesday, August 15, 2017 - 10:42 pm:       


Chiru_fan:




Unfortunately few middle n upper middle class people's voice is echoing positive vibes regarding reforms, these people r always afraid of violating rule book, if they do they will be confessing to themselves

People who bend the laws are always like that, they have nt changed... I already knew people who are under invoicing the transactions n goods to evade taxes...

It's irrelevant how ur brother is paying wages , it's more important to show right amount of income

And whether he is following the minimum wage rules and any penalty rates for over night works

For civil works u usually hire casual labor and u don't need to pay PF kind of thing

I will talk about banking sector reforms later
Guntur, Hyderabad, Andhra, Telangana, Tamilnadu, Karnataka first....India last!!!
 

Chiru_fan
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Posted on Tuesday, August 15, 2017 - 10:22 pm:       

Desam loo vunna.... I see considerable amount of changes in aam junta perceptions. Even though they are impacted, they are not pointing any finger towards Modi. My dad used to be banking sector and now he is working as a GM (Finance) for a decent size company and he is mentioning that all these changes are good for the country in the long term.

My brother left IT job 4 years back and ventured into small scale civil works (partnership) and he mentioned that starting this year, he is paying most of his workers/suppliers (any amount of 10K or more) through checks and not cash anymore.

So, change is in progress.......MODI is THE MAN for the country....
CHIRU - SACHIN - FEDERER
 

Dada
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Posted on Tuesday, August 15, 2017 - 09:17 pm:       


Bharat:


Majority of them do not pay actual tax. They fall below the minimum bracket.
 

Ringo_rangaswamy
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Posted on Tuesday, August 15, 2017 - 06:32 pm:       


Andhrawala:



Politicians were'nt touched.

andhuek Nandyal poll lo CBN and Jagan were bale to distribute Rs 5-6K per vote.

manalaanti common man has to suffer the burnt of tax payments
No Signature





Good or bad, system stands and runs on politicians. Naa peeling veellaki coating future phases lo untadhi.

No smart guy will set his house on fire to clean it. Phases lo untadi.
 

Cbcbob
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Posted on Tuesday, August 15, 2017 - 06:04 pm:       


Andhrawala:

Politicians were'nt touched.

andhuek Nandyal poll lo CBN and Jagan were bale to distribute Rs 5-6K per vote.




 

Rajusk
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Posted on Tuesday, August 15, 2017 - 05:38 pm:       


Ustad:

My cousin used to do big ticket private lending. With cash limits, Aadhar Linking, tax filing it became very difficult to continue this business as is. He registered a company last month and doing all lending activities through the new company.




aa cousin nuvve ani off-DB gusa gusa..

 

Enigmatic
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Posted on Tuesday, August 15, 2017 - 04:39 pm:       

http://indianexpress.com/article/india/india-news-india/data -shows-only-1-of-population-pays-income-tax-over-5000-pay-mo re-than-1-crore-2779065/
 

Bharat
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Posted on Tuesday, August 15, 2017 - 04:37 pm:       

3.7cr tax filers in 2015-16...out of which 2.94cr are have shown income below 5 Lakhs
 

Bharat
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Posted on Tuesday, August 15, 2017 - 04:35 pm:       


Dada:

And every year on a average around 90 Lakh people are added as new tax payers



Total tax filers in India is itself around 3.7 Cr in the 2015-16 period. Where did you get the figure of 90 lakh new additions every year?
 

Jacksparrow
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Posted on Tuesday, August 15, 2017 - 04:27 pm:       


Jai_ycp:

I personally has seen impact of demonetization in my family and friend circle.recently they sold a land and got big offer for 30% black. They rejected and took all white offer at lower cost. its the effect of govt fight and policy against black money.


 

Jai_ycp
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Posted on Tuesday, August 15, 2017 - 04:25 pm:       


Ustad:




very good . for decades we were told and engrained in ours minds that only way to survive is the shortcut. the echo system is like that. it cant be changed overnight and lot of people will resist the change. but some will change and start impacting. we need strong leadership.
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Ustad
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Posted on Tuesday, August 15, 2017 - 04:20 pm:       


Jai_ycp:

People who used to loan money in private and never report income has changed their practices.



My cousin used to do big ticket private lending. With cash limits, Aadhar Linking, tax filing it became very difficult to continue this business as is. He registered a company last month and doing all lending activities through the new company.

"Kuch achaa hoon ra hain"
I learned long ago, never to wrestle with a pig. You get dirty and besides, the pig likes it - George Bernard Shaw
 

Jai_ycp
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Posted on Tuesday, August 15, 2017 - 04:14 pm:       



Good job modi. you intentions are honest. If anybody believes black money gets resolved in a night, its show their understanding.

I personally has seen impact of demonetization in my family and friend circle.recently they sold a land and got big offer for 30% black. They rejected and took all white offer at lower cost. its the effect of govt fight and policy against black money.

People who used to loan money in private and never report income has changed their practices.

corruption and balck money is an eco system. even if somewhere down the chain some thing changes, it will slowly spread to the top too.
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Dada
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Posted on Tuesday, August 15, 2017 - 04:13 pm:       

And every year on a average around 90 Lakh people are added as new tax payers (coming down over the last few years)
 

True_indian
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Posted on Tuesday, August 15, 2017 - 04:12 pm:       

nippu fans vacchara inka kamedy start
.those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches.
 

Dada
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Posted on Tuesday, August 15, 2017 - 04:11 pm:       

FM says 91 Lakh new tax payers added

PM says 56 Lakh new tax payers added

Chief Economic Advisor says 5.4 Lakh new tax payers added
http://www.thehindu.com/news/national/54-lakh-new-tax-payers -added-post-demonetisation-says-cea-arvind-subramanian/artic le19479589.ece

And every year on an average
 

Last_avataar
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Posted on Tuesday, August 15, 2017 - 04:09 pm:       


Teluguhero:




Enduku Sollu Estaavu Modi,

where did your part gets money in the recent elections and your leaders kith and kin marriages ? Nothing changed since Demonetization , you are only targetting common people that it
 

Time_pass
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Posted on Tuesday, August 15, 2017 - 04:09 pm:       

idi varaku Demo debbaki stone pelting aagindani chpparu
mari ippudu malli ela start iyyindhi?
 

Film_fan
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Posted on Tuesday, August 15, 2017 - 04:03 pm:       

"The result of this has been that this year, the new tax payers (filing returns) has more than doubled to 56 lakh. Last year this was 22 lakh. This is the result of fight against black money," he said
--

idhi result aithey super ye kadha mari.....
We are what we repeatedly do. Excellence, then, is not an act, but a habit.
-- Aristotle
 

Teluguhero
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Posted on Tuesday, August 15, 2017 - 03:40 pm:       


Gsn1:

BEST would have been to go after BIG FISH




In India its very difficult cause so many loopholes on our system.

Modi's intentions are very clear about black money and thats why his govt announced mandatory to link Aadhaar numbers to all bank accounts.
 

Zamindar
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Posted on Tuesday, August 15, 2017 - 03:35 pm:       

aaaa bussss aaa busssss
 

Gsn1
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Posted on Tuesday, August 15, 2017 - 03:18 pm:       

---------
Ivanni non political mango people accounts

Politicians were'nt touched.

andhuek Nandyal poll lo CBN and Jagan were bale to distribute Rs 5-6K per vote.

manalaanti common man has to suffer the burnt of tax payments
--------------

AGREE, but not a bad start. When the screws are tightened at low levels, it will eventually affect the big guys.

BEST would have been to go after BIG FISH and then come after SMALL FISH.

But SOME EFFORT is BETTER than NO EFFORT.
 

Teluguhero
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Posted on Tuesday, August 15, 2017 - 03:04 pm:       


Teluguhero:

More than Rs. 2 lakh crore black money has reached banks, says PM
People responsible for 'loot' of national wealth will have to answer: PM
Vowing to continue the crackdown on black money, Prime Minister Narendra Modi today said that over Rs. 1.75 lakh crore deposited in banks post note-ban and more than 18 lakh people with disproportionate income are under government scrutiny.





Teluguhero:

Demonetisation of old Rs. 500 and Rs. 1,000 notes last November, he said, helped bring over Rs. 3 lakh crore of unaccounted wealth into the banking system. "This is not government research this is outside experts," he added.

Prime Minister Modi said that out of the money deposited in banks post notes ban, over Rs. 1.75 lakh crore is under scrutiny. "More than Rs. 2 lakh crore black money has reached banks and now people depositing such money are being made to answer questions on their origin." The move, he said, has checked generation of new black money.

"The result of this has been that this year, the new tax payers (filing returns) has more than doubled to 56 lakh. Last year this was 22 lakh. This is the result of fight against black money," he said.


 

Andhrawala
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Posted on Tuesday, August 15, 2017 - 03:04 pm:       


Teluguhero:

Over 18 lakh people with disproportionate income under scrutiny: PM Modi
More than Rs. 2 lakh crore black money has reached banks, says PM
People responsible for 'loot' of national wealth will have to answer: PM
Vowing to continue the crackdown on black money, Prime Minister Narendra Modi today said that over Rs. 1.75 lakh crore deposited in banks post note-ban and more than 18 lakh people with disproportionate income are under government scrutiny.




Ivanni non political mango people accounts

Politicians were'nt touched.

andhuek Nandyal poll lo CBN and Jagan were bale to distribute Rs 5-6K per vote.

manalaanti common man has to suffer the burnt of tax payments
No Signature
 

Teluguhero
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Posted on Tuesday, August 15, 2017 - 02:58 pm:       

http://www.ndtv.com/india-news/looters-cant-sleep-peacefully -rs-1-75-lakh-crore-under-scrutiny-post-notes-ban-pm-narendr a-modi-1737762?pfrom=home-lateststories

Rs. 1.75 Lakh Crore Under Scrutiny Post Notes Ban: PM Modi
Addressing the nation from the ramparts of the Red Fort on the 71st Independence Day, he said: "Those who have looted the nation and looted the poor are not able to sleep peacefully today."
All India | Press Trust of India | Updated: August 15, 2017 13:34 IST

Over 18 lakh people with disproportionate income under scrutiny: PM Modi
More than Rs. 2 lakh crore black money has reached banks, says PM
People responsible for 'loot' of national wealth will have to answer: PM
Vowing to continue the crackdown on black money, Prime Minister Narendra Modi today said that over Rs. 1.75 lakh crore deposited in banks post note-ban and more than 18 lakh people with disproportionate income are under government scrutiny.

Addressing the nation from the ramparts of the Red Fort on the 71st Independence Day, he said: "Those who have looted the nation and looted the poor are not able to sleep peacefully today."

Demonetisation of old Rs. 500 and Rs. 1,000 notes last November, he said, helped bring over Rs. 3 lakh crore of unaccounted wealth into the banking system. "This is not government research this is outside experts," he added.

Prime Minister Modi said that out of the money deposited in banks post notes ban, over Rs. 1.75 lakh crore is under scrutiny. "More than Rs. 2 lakh crore black money has reached banks and now people depositing such money are being made to answer questions on their origin." The move, he said, has checked generation of new black money.

"The result of this has been that this year, the new tax payers (filing returns) has more than doubled to 56 lakh. Last year this was 22 lakh. This is the result of fight against black money," he said.

Prime Minister Modi, who had in 2014, promised to eliminate black money, said that the crackdown on ill-gotten wealth will continue. "More than 18 lakh people have been identified whose income is more than their declared wealth," he said. "And they have to answer questions on how they accumulated such wealth."

Of the 18 lakh, 4.5 lakh people have come out in open and are seeking to amend their "mistakes," he said, adding that one lakh had not paid income tax ever in past.

Recalling the steps taken by his government to unearth unaccounted and untaxed wealth, he said black money of over Rs. 1.25 lakh crore has been detected in last three years which people were compelled to surrender.

Demonetisation, he said, was a step in that direction which achieved great success.

The move forced "the black money which was hidden to be brought to mainstream. Our effort was to get money into banks and make it a part of formal economy and we have done it successfully," he said.

Prime Minister Modi said in a nation where closure of a couple of companies would lead to debates on destruction of economy, more than 1.75 lakh shell companies have been shut down.

Black money holders hid their wealth behind the veils of shell companies, he said. "After data mining post demonetisation, we have found 3 lakh such companies which are only shell companies."

Shell companies are non-trading firms used as a vehicle for various financial manoeuvres to avoid paying taxes. "You will be surprised to know that there are 400 shell companies operating from same address. There was no enquiry and all of it was going on in connivance (between tax evaders and officials). And for this, I embarked on a fight against black money and corruption," he said.

Notes ban, he said, got money into banks, which are now lowering interest rates.

The common man is getting money. "Bank are lending to poor at lower interest rates. This is all working to boost the country's economy," he said.

Prime Minister Modi stressed on digital payments to move towards less cash economy saying there has been 34 per cent increase in digital payments in last one year.

In nearly an hour long speech, PM Modi said the implementation of Goods and Services Tax (GST), that subsumed over a dozen central and state levies to weave India into one market, has been smooth.

"GST has shown the spirit of cooperative federalism. The nation has come together to support GST and the role of technology has also helped," he said.

Removal of check posts after implementation of GST has cut time for transporting goods by 30 per cent, he said.

The Prime Minister said for his government, good governance is about speed and simplification of processes. "Our fight against corruption and black money will continue. We are working to bring transparency using technology," he said. "We are fighting corruption - for the bright future of India and the well being of our people."

People responsible for "loot" of national wealth will have to give answers, he said. "Our fight against corruption and black money will continue."

Prime Minister Modi said changing demand and technology is altering the nature of job and his government wants to nurture youngsters to be job creators and not job seekers.

"We are taking the nation on a new track (of development) and are moving ahead with speed," he said, adding that the government was devoting significant attention to eastern Uttar Pradesh, eastern states of Bihar, Assam, West Bengal, Odisha and Northeast.

"These parts have to grow further," he said. Prime Minister Modi said he wants to create an India where poor have a concrete house, electricity and water. "An India where farmer does not have any worry and sleeps peacefully. An India where farmer gets double of what he sows."

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