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Summed up everything nicely here: Disaster Day for Corrupt People

Summed up everything nicely here: Disaster Day for Corrupt People

Summed up everything nicely here: Disaster Day for Corrupt People

1) First he made Aadhar Card relevant and linked it to your identity for most Governmental transactions.
2) He then made it easy for the poorest of the poor to open a bank account with zero minimum balance under the Jan Dhan Yojana.
3) Then he linked the gas subsidies directly to your bank account, eliminating the middleman and the black marketeers.
4) Then he launched the voluntary undisclosed income declaration amnesty scheme under which 67000 crore rupees came into the money system.
5) And now this Game Changer of a move… Narendra Modi demonetizes 500 and 1000 rupee notes in one stroke and strikes at the heart of black money, fake currency circulation, drug mafia and hawala rackets.

And they say this chai wala does not deserve to head a country, and what does he know about economics!!!

He’s damned brilliant, and seems to be working to a plan! Kudos Narendra Modi ji. Opinion Ajay Gidwani

 

Baba Ramdev has been pleading for ban of 500 and 1000 rupee notes for a long time now. In my personal view this was also the most important step.

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This time the faring step done, but lost its value by releasing 500 and 2000 notes again. We do not need high value currency.

The government move is welcome but half done, makes the intention suspicious to me personally.

All transactions above 1000 rupees should be made electronic.

A cash transaction tax should be levied on cash transactions

Any retailer who collects more than 50000 should immediately deposit into account.

This would stop regeneration of black money, stop counterfeit notes, stop 50℅ of burglary cases and avoid cost of printing notes, loss of money, improve police and judicial efficiency. Opinion   Rajagopalan Srinivasan

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