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Rs 2000 Ban in SBI ATMs

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Prasanth
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Posted on Wednesday, October 09, 2019 - 04:21 am:       


Nice:


card transactions ku chala chotla ledhu ga extra charging
 

Nice
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Posted on Tuesday, October 08, 2019 - 03:54 am:       

online transactions or card transactions increase chedham anukunappudu card transactions ki extra charge chestunte etlaaga
 

Pele
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Posted on Monday, October 07, 2019 - 10:57 pm:       


Awara1984:


udipi vaadiki dhairyam kaadu, he does fraud, he won't pay gst to govt from the amount colected from you.

GST from every transaction through online or POS machine should directly debited to govt. Customer also should be encouraged to pay digital
 

Ballasticmissile
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Posted on Monday, October 07, 2019 - 05:24 pm:       

according to that article bottom line is...

Demonetisation hit economic activity by 3 percentage points: New study
Capacity vundi, laziness, and uninspired life is a waste of time.
YOLO kada....
But experiences is how you bring meaning to life. Worthiness should be earned with adequate efforts.
 

Ballasticmissile
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Posted on Monday, October 07, 2019 - 05:24 pm:       


Bharateeyudu:



Hadoop:




after discussion with you, I subscribed to business standard....

this is the first article i got...

............................................................ .............

quote:

Demonetisation caused a 2-3 percentage-point reduction in jobs and economic activity, new research has found, and a similar contraction in bank credit vis-a-vis the normal course of activity, in the two months after the note ban was announced on November 8, 2016.

This is the first research on demonetisation in which the impact was studied across Indiaâs districts (sub-national level), and the effect mapped on to the national level. Till now, only national level effects were studied, which underestimated the impact, the economists noted in the study.

âCash shortage caused by demonetisation generated a decline in national economic activity of roughly 3 percentage points or more in November and December 2016. (The) effect on bank credit implies a 2 percentage points or more decline in October-December 2016,â it noted.

The cash shortfall affected demand in the shorter term, it noted. The study found âpowerful evidenceâ of a link between money and output during demonetisation, and rejected the notion that demonetisation did not affect real economic activity.

Gita Gopinath, chief economist at the International Monetary Fund (IMF), Prachi Mishra of Goldman Sachs (formerly Reserve Bank of India), Gabriel Chodorow-Reich of Harvard University, and Abhinav Narayanan of the RBI have authored the paper published in National Bureau of Economic Research, USA (https://www.nber.org/papers/w25370).

In a first, the researchers used district-level data on the following indicators: Prevalence of old demonetised notes and their replacement by new notes, employment, district-wise night-light intensity, gross domestic product, and credit/deposit in banks.

They also used transactions using cards (debit or credit) as point-of-sale (PoS) terminals in nearly 600 districts, and transactions clocked in the database of a popular e-wallet company across the same districts.

N Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy, said this was an innovative way to understand the differential impact of demonetisation on various regions in the country.

âThe initial conditions such as cash availability in various denominations across different districts mattered when it came to impact on the economy in those districts,â he said.

Rajasthan, Punjab, Haryana, western Uttar Pradesh, West Bengal, urban regions of Gujarat and Maharashtra, and parts of peninsular southern states were the most affected regions, a map provided in the research paper suggested.

The paper also said the âimpact of the cash shortage points to an absolute decline in economic activity at the end of 2016 not captured in official statisticsâ.

But it also said demonetisation might have long-term benefits that arise from improvement in tax collection, a shift to savings in financial instruments, and non-cash payment mechanisms.

S Mahendra Dev, director at the Indira Gandhi Institute of Development Research, said this research corroborated what was visible in the immediate aftermath of demonetisation.

âThis is the first study on a desegregated impact of demonetisation, and it confirms the anecdotal findings with statistical results. It could further explain the sustained impact on farm prices (agriculture sector) and small enterprises,â he said.

It said areas with stronger currency shocks experienced sharper declines in ATM withdrawals. Economic activity in these areas fell sharply compared to districts where the shock was milder. Deposits increased, while credit fell quicker in districts with a strong shock, and the public took up new payment modes faster than in other regions.

It defined âstronger shockâ as one where a higher proportion of the currency was made invalid on November 8, 2016, and a âweaker shockâ where the proportion of demonetised currency was relatively low.

The team used the district-level data to find the difference between the impact experienced by individuals and businesses in the most affected districts and the least affected districts.

The difference in contraction in economic activity and employment between the most affected and the least affected districts was 4 percentage points, it found. The difference in contraction in night-light intensity among the two was as big as 14 percentage points, it noted.

On credit demand, it said while the effect on deposits appeared short-lived, that on credit was more persistent over the subsequent quarters due to lower borrower demand. Here too, it indicated that demonetisation hampered demand.

Using the RBI data on cash movement in currency chests, it found that the arrival rate of new currency notes varied across areas, and used it as the basis for research. It also noted households switched to non-cash forms of payment to attenuate the impact of the cash shortage.

âAny mechanism that creates a record of transactions (âmemoryâ) can substitute for money in a new monetarist economy,â it said.



Capacity vundi, laziness, and uninspired life is a waste of time.
YOLO kada....
But experiences is how you bring meaning to life. Worthiness should be earned with adequate efforts.
 

Awara1984
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Posted on Monday, October 07, 2019 - 05:34 am:       


Ballasticmissile:




There are 2 things okati compulsory anadam rendodi making people adapt to them

demon few days complusory anukunnadi ippudu chala varaku adaptation aipoindi

ala ani cash complete ga ban ani kaadu, it is flexible vegetables daggar nunchi any kind of place (including autos and cabs) you can either pay with cash or using wallets

ippudu UPI inka ekkuva popular avutundi as there is no transaction charges on it using Google pay or other means rather than going by the wallet

This kind of things have helped a lot in African countries

Mode may be a bit different but it is highly succesful in African countries

https://www.forbes.com/sites/tobyshapshak/2018/11/27/how-mob ile-money-continues-to-boom-in-africa/#2be03847205c

https://www.mckinsey.com/industries/financial-services/our-i nsights/mobile-financial-services-in-africa-winning-the-batt le-for-the-customer
 

Hadoop
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Posted on Monday, October 07, 2019 - 03:30 am:       


Ballasticmissile:

Again all you guys are talking about cities....jan dhan accounts are created in a way to meet the targets...




i am talking about villages with polulation less than few hundered
 

Ballasticmissile
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Posted on Monday, October 07, 2019 - 03:20 am:       


Hadoop:



Bharateeyudu:



Prasanth:




I dont buy the argument.

Again all you guys are talking about cities....jan dhan accounts are created in a way to meet the targets...

Bank employees literally went to streets to give accounts to meet the target. But that doesnt mean people have access. Many accounts are idle. You can see the news about it.

My complaint is simple, you want people to digitalize but dont know what it means or what they are getting into. 50 percent population dont even have 10th grade degrees.

The impacts on the society are adverse. Its a vicious circle.

Well wait for 6- 10 months and see what I mean.
Capacity vundi, laziness, and uninspired life is a waste of time.
YOLO kada....
But experiences is how you bring meaning to life. Worthiness should be earned with adequate efforts.
 

Awara1984
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Posted on Monday, October 07, 2019 - 03:08 am:       


Prasanth:




udupi vaadiki ela aina business avuddi ane dhairyam, other guys dont want to lose their revenue simple
 

Prasanth
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Posted on Monday, October 07, 2019 - 03:03 am:       


Bharateeyudu:


blr lo kobbari bondalu ammevaadu, killilu kattukunevadu kuda maintaining but udupi hotel kind of old hotel lo they don't take cards too. Only cash even now. Vichittram
 

Bharateeyudu
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Posted on Monday, October 07, 2019 - 03:00 am:       


Ballasticmissile:




dont know about US and hazzles in opening a bank account there..

but in india BPL person can have zero balance account and I think most of them have it for delivery of government...credit cards is not issue in india people got used to these paytms etc.. I am seeing how things are changing in india when it comes to digital payment...nuvvu germany lo vundi maatladuthunnav..

alaa ani yedo desam moththam digitize aipothondi no cash transactions ani anatledu..its happening at good pace though..

banning a mode of payment(like US or scandivanian country) is never a solution.. our responsibility should always be in making people adapt to particular mode of transaction..
HAR GHAR BHAGWA CHAAYEGAA

 

Hadoop
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Posted on Monday, October 07, 2019 - 02:54 am:       


Ballasticmissile:


Our government wants people to digitize, pani poori, samosas bandi, pullatlu vese avva, goli soda lottery babai , peechu mitai amme avva..andaru digitalize avvalanta....all transactions digital avvali anedi modi gori vision.....




ee lokam lo unnavu...looks you are out of touch....hyd lo prathi tea kottu, pani poori vaadu paytm, phonepay...etc vadutunnaru....inko chammakk...maa oorlo ice lu bandi vaadu paytm board pettukoni ammukontunnadu.....

there is lot of digitalisation in payment system but still more to come...
 

Ballasticmissile
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Posted on Monday, October 07, 2019 - 02:48 am:       


Bharateeyudu:




Ne lanti folks kosame few days back oka thread vesa.....

https://eu.usatoday.com/story/money/2019/10/02/philadelphias -ban-cashless-stores-shoppers-headaches-businesses/383994100 2/

Even in USA states are banning cashless stores....

Ee cashless mania aapandi....youre not understanding which waters youre getting into.
Capacity vundi, laziness, and uninspired life is a waste of time.
YOLO kada....
But experiences is how you bring meaning to life. Worthiness should be earned with adequate efforts.
 

Nyk
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Posted on Monday, October 07, 2019 - 02:44 am:       


Ballasticmissile:

Indian monetary system is a joke




Yes it has become joke under
 

Mahi_chiru
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Posted on Monday, October 07, 2019 - 02:44 am:       

500 note kuda ban chayandi adukutintaru janalu
 

Bharateeyudu
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Posted on Monday, October 07, 2019 - 02:43 am:       


Ballasticmissile:

Our government wants people to digitize, pani poori, samosas bandi




naaku telisi hyd lo prathi pani puri amme prathivaadu ippudu Paytm or google pay using..dont underestimate indian jugaad..
HAR GHAR BHAGWA CHAAYEGAA

 

Ballasticmissile
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Posted on Monday, October 07, 2019 - 02:40 am:       

,}

Prasanth:




Indian monetary system is a joke.

Actual ga higher denominator notes ban is good thing.....if higher denominations are there its easy to be stored as black money...l

Example: a builder wants all the amount in black, he dont wanna pay for GST, if 2000 notes there its easy business for him....but if only 100,200 notes are there its difficult to hold that much at a time, and government may enforce a rule not to hold above certain amount in cash.

However, on paper its good...but India is a poor country with many cash intensive sectors....digitalization is a joke, in the developed countries like Germany or France if you go to rural areas people dont know how to use computers , so still they are heavily cash rich societies....500 , 200, 100 euro denominations are very common..such cash intensive the societies are.

Our government wants people to digitize, pani poori, samosas bandi, pullatlu vese avva, goli soda lottery babai , peechu mitai amme avva..andaru digitalize avvalanta....all transactions digital avvali anedi modi gori vision.....

God bless India, konta mandi black money, say very few percentage people ni pattukotam chetakaka, vallani effect cheyyalani mottam system ni kudipesadu modi.
Capacity vundi, laziness, and uninspired life is a waste of time.
YOLO kada....
But experiences is how you bring meaning to life. Worthiness should be earned with adequate efforts.
 

Prasanth
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Posted on Monday, October 07, 2019 - 02:19 am:       

2000 notes patte cassettes enti. Anni notes ku okate kadha. Oo yaa got it, adhi oko daani nundi slide chestundi exit slot loki.

By the way, 2000 note valla enti nashtam??
 

Supremehero
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Posted on Monday, October 07, 2019 - 12:55 am:       

500 notes kuda twaralo fasak

https://youtu.be/nPoOJ-qenes
 

Kranth1
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Posted on Sunday, October 06, 2019 - 09:24 pm:       


Emc2:



Manchide. Oka bank lo 6 months lo 1000/10000 withdraw limit for 6 months kuda RBI decision ye. Do you want people to go to banks for every transaction. Asalu print cheyyadam endhuku and why banning it?
"Every twist, every turn, can challenge our sense of direction. But it's the choices we make when we reach a fork in the road that define who we are." - Dexter
Kanakapu simhasanamuna Sunakamu goorchundabetti subhalagnamunan......kikiki
 

Emc2
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Posted on Sunday, October 06, 2019 - 08:58 pm:       

Manchide kada

Deentlo pisukudu emundi, RBI decision adi
AP AP = Assam Assam
 

Right_wing
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Posted on Sunday, October 06, 2019 - 08:04 pm:       

Yes Rs 2000 note printing stopped long back.. slow ga withdraw cheyyatam better kada ..banning kante.
 

Hanuman_junction
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Posted on Sunday, October 06, 2019 - 08:02 pm:       

Excellent decision. 2000 note assaalu print cheyyatama mistake
 

Lenin
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Posted on Sunday, October 06, 2019 - 08:00 pm:       

Rs2000 introduction is a hasty decision by Modi's govt due to unplanned demonetization..the minting of 2000 notes has been stopped long back

https://www.moneycontrol.com/news/business/economy/rbi-stops -printing-rs-2000-notes-launched-during-demonetisation-repor t-3351881.html

now sooner or later RS 2000 will be abandoned
Guntur, Hyderabad, Andhra, Telangana, Tamilnadu, Karnataka first....India last!!!
 

Kranth1
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Posted on Sunday, October 06, 2019 - 07:38 pm:       

Orey desanni chedadobbe varaku nidra Po ve ra nuvvu.
https://www.andhrajyothy.com/artical?SID=922709
Ela vastayi ra ilanti alochanalu.
"Every twist, every turn, can challenge our sense of direction. But it's the choices we make when we reach a fork in the road that define who we are." - Dexter
Kanakapu simhasanamuna Sunakamu goorchundabetti subhalagnamunan......kikiki

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