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(Guest)

India currency ban a checkmate move

On the eve of 08th November, 2016 when half of the nation was busy watching saas-bahu stereotypes, and the other half in witnessing the fate of United States of America, our Hon’ble Prime Minister along with Reserve Bank of India had all their moves ready to make a landmark and everlasting impact in the history of India. When his sudden address to nation was announced at 7.45 P.M., everyone thought it to be yet another statement against Terrorism or Pakistan, but no one had ever imagined, that history would be made. 

Read More:- Ban on Indian Currency 



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 3 Replies


(Guest)
Only lengthy queues of common man outside banks. Where are the rich politicians, rich industrialists? Nobody seen in these queues. Am sure these politicians and business class knew this was about to happen. Or else either all of them are bhikmangas paupers that they ain't got any money that they want to exchange.

(Guest)
If a country wants to curb the black money then first thingh it should do is to stop making higher denomination notes. So that people cannot store n carry huge amounts and use bank transaction for all payments. We should have instead discontinued 1000rs note too as we had the apportunity to do so right now when all the old notes of 500 and 1000 have been declared invalid. So just a new note of 500 was enough. Then why are we introducing a even high er valued note of 2000 ? Is it a mistake or is it delibrate ? No logic in the world can prove that higher denimination notes will not lead to even more stocking of black money very near the future. Infact it will make even more easier for currupt people to colkect and store even more bigger amounts in this new n even bigger 2000 rs notes.

Kumar Doab (FIN)     11 November 2016

Some seasoned and well reasoned men have commented appropriately::: even if they are in opposition party now;;; that Black Money-Kala Dhan is not curbed by such moves.

 

It has been tried in the past.

 

 


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