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Banks, ATMs Not Running in Muslim Areas Modi a 'Tyrant', - Owaisi

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There should be separate ATMs for Muslims so that we can verify this provocative claim.
 
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It's not that Intelligence agencies or The officials not aware of this hawala gangs or black money hoarders. These raids are nothing new, grabbing poor money to right off corporates Loans is kinda rude.


19 Indian Intelligene agencies are integrated .

Published:November 19, 2015 1:47 am
India’s intelligence agencies and the Reserve Bank of India (RBI) are considering a proposal to integrate Indian Customs Electronic Commerce and Electronic Data Interchange Gateway (ICEGATE) and the banking system to prevent illegal forex remittances and money laundering.

Indian Intelligence Agencies are active on all the fronts. National security is foremost important for Indian Establishment which is to safeguard our Independence and lives of Indian Citizens.
 
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There are inherent flaw in our assumption that hoarders keep black money in liquidated form.No,they keep it invested,buying real estates,bonds etc etc.Drives should be continued to catch these offenders,just demonitization will not help.
Exactly thats the problem. Problem is in execution. Before starting this exercise they should have

1) strengthened the anti corruption mechanism of govt and kicked out corrupt elements from system.
2) Start acting acting against benami /ill gotten property, seize them. This would have led to hoarding cash.
3) finally demonetize , ppl who hoard the money would lose it as they have been cornered and there is no other way other than to forfeit the money.

Instead the corrupt elements still run the system. Notes sent to banks are getting hijacked before reaching civilians.
End result is the same as before. Its only a corrupt free system can indulge in such honest exercise.
 
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19 Indian Intelligene agencies are integrated .

Published:November 19, 2015 1:47 am
India’s intelligence agencies and the Reserve Bank of India (RBI) are considering a proposal to integrate Indian Customs Electronic Commerce and Electronic Data Interchange Gateway (ICEGATE) and the banking system to prevent illegal forex remittances and money laundering.

Indian Intelligence Agencies are active on all the fronts. National security is foremost important for Indian Establishment which is to safeguard our Independence and lives of Indian Citizens.



Every one aware who is corrupted in that area or office.. please I have been to the atm from past 3 days. I know how these people suffering from it.
 
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First step is drive black money out and into the banking system. Second step is to make sure accumulation of black money becomes much harder than it was before.
exactly that step has not take place yet. There needs to raid against corrupt elements first. ex-ministers like janardhan reddy has a lavish wedding of 500cr (approximate) but govt doesnt know any thing? Corrupt elements still rule the roost so no point in demonetization.
 
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exactly that step has not take place yet. There needs to raid against corrupt elements first. ex-ministers like janardhan reddy has a lavish wedding of 500cr (approximate) but govt doesnt know any thing? Corrupt elements still rule the roost so no point in demonetization.




Poor janardhan reddy able to spend 500cr on wedding on other side rich people suffering from note ban. Am not sure on what basis modi announced it but not RBI .. ironically he said those bills are nothing but piece of paper.. is that the language used by Prime minister. Driving towards plastic currency without strengthening Banking policies and cyber threats. Will be fatal in future.. actually note ban itself unveiled a new way for scams..
 
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Every one aware who is corrupted in that area or office.. please I have been to the atm from past 3 days. I know how these people suffering from it.

1362667d1429519373-cash-atm-van-mobileatmonsfc4101.jpg


Bank_counters_to_open_in_Sabarimala.JPG


161115150148-india-cash-ban-atm-bus-780x439.jpg


dc-Cover-s3vog9l11iennjgmh7mb5j04l7-20161214082820.Medi.jpeg


The scrapped notes are on their way to Dubai and are being recycled and transformed into hardboard and fibreboard products. (Photo: PTI)

http://www.deccanchronicle.com/worl...i-might-end-up-in-your-home-as-furniture.html
According to a report in the Gulf News, these scrapped notes are on their way to Dubai and are being recycled and transformed into hardboard and fibreboard products. The move was initiated by the Reserve Bank of India (RBI) to recycle demonetised notes.

Explaining the entire process behind the recycling, Mohammad said that RBI's regional office in Thiruvananthapuram had approached his firm and inquired about their capacity to recycle scrapped currency.

"I thought they had decided to recycle the soiled notes instead of burning them. I, too, got to know about the demonetisation plan only when the Prime Minister (Narendra Modi) announced it," Mohammad said.

"We are the only facility with this technology in India. It uses high electrical energy, steam pressure and temperature. We have been picking up almost 60 tonnes of shredded notes a week," he added.

Exactly thats the problem. Problem is in execution. Before starting this exercise they should have

1) strengthened the anti corruption mechanism of govt and kicked out corrupt elements from system.
2) Start acting acting against benami /ill gotten property, seize them. This would have led to hoarding cash.
3) finally demonetize , ppl who hoard the money would lose it as they have been cornered and there is no other way other than to forfeit the money.

Instead the corrupt elements still run the system. Notes sent to banks are getting hijacked before reaching civilians.
End result is the same as before. Its only a corrupt free system can indulge in such honest exercise.

http://www.deccanchronicle.com/nati...ial-for-illegally-converting-black-money.html
Bengaluru: The CBI on Tuesday arrested RBI official, K. Michael and JD(S) leader K.C. Veerendra, who owns a casino in Goa for allegedly converting a whopping Rs 1.51 crores into new notes illegally, with the probe likely to yield information that could incriminate senior bank officials across the banking fraternity and their political mentors.

Michael, a senior special assistant, Issue Department, RBI, Bengaluru, was arrested for allegedly helping a friend convert the obsolete higher denomination notes to the tune of Rs 6 lakh into Rs 100 notes without proper documentation.


The CBI on December 6 had registered a case related to money laundering at a State Bank of Mysore branch in Kollegala, some 145 km from Bengaluru. A senior cashier at the branch, Parashivamurthy, was named as the accused for converting Rs 1.51 crore into new currency notes without proper documentation for alleged financial benefits.

The CBI probe found that the Kollegala branch of SBM is a currency chest, from where currency notes are distributed to the neighbouring branches of the bank. As Michael was from the RBI Issue Department, he had gone to the branch to refill currency on November 8 and was at the branch when the demonetisation plan was announced. He immediately helped one of his friends to exchange old notes for Rs 100 notes at the bank without any documentation through Parashivamurthy.

Veerendra, meanwhile was arrested by the CBI in a separate case relating to a seizure of Rs 5.70 crore in new currency notes from his bathroom by the Income Tax department recently.

"We arrested Veerendra from Hubballi on December 10 and brought him to Bengaluru the following day. He was produced before the CBI court, which granted us his custody for six days," a top CBI official said.

The bank officials in a conspiracy with Veerendra exchanged Rs 5.76 crore of demonetised notes with the new currency of Rs 2,000 and Rs 100 denominations during November and December, the FIR stated.

Apart from Veerendra, middlemen Thippeswamy and Venkatesh, residents of Chitradurga district of Karnataka, and officials from four banks - State Bank of India, State Bank of Mysore, ICICI Bank and Kotak Mahindra - have been named in the FIR in the case.

The CBI received information that bank officials in and around Challakere had entered into a conspiracy with Veerendra, Thippeswamy and Venkatesh and other middlemen to "dishonestly and fraudulently" facilitate the exchange of Rs 5.76 crore of old currency notes.

The FIR stated that the bank officials falsified the accounts of their banks on the basis of forged and fabricated documents of identity and address proofs in the names of several individuals to misrepresent that the new currency notes were exchanged with the general public through bank counters and ATMs.

"Veerendra used the services of Thippeswamy and Venkatesh to manage the exchange of Rs 5.76 crore which he had stacked at this residence illegally. During the Income Tax Department searches, the currency was seized from hidden vaults in a bathroom in Veerendra's house," the agency said.

On December 10, IT officials raided 15 premises, including Veerendra's house in Challakere and a casino owned by him in Goa. The officials seized Rs 5.7 crore in Rs 2,000 currency notes, and the rest in Rs 100 and Rs. 20 denominations in Hubballi district and in Challakere.

Veerendra's name had figured in a cricket betting case earlier, sources said, adding that he was running a chit fund business and later forayed into casino and other ventures. Veerendra, a businessman from Challakere, Chitradurga district, is a former chairman of Primary Land Development Bank.

Sources said during a preliminary probe, Veerendra named several of his cohorts. The CBI is trying to gather material evidence to link them to an alleged hawala operation run by Veerendra.

The CBI will confront him with documents recovered from his premises and will try to get to the source of these funds which may reveal the alleged involvement of senior bank officials and politicians, they said.
 
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1362667d1429519373-cash-atm-van-mobileatmonsfc4101.jpg


Bank_counters_to_open_in_Sabarimala.JPG


161115150148-india-cash-ban-atm-bus-780x439.jpg


dc-Cover-s3vog9l11iennjgmh7mb5j04l7-20161214082820.Medi.jpeg


The scrapped notes are on their way to Dubai and are being recycled and transformed into hardboard and fibreboard products. (Photo: PTI)

http://www.deccanchronicle.com/worl...i-might-end-up-in-your-home-as-furniture.html
According to a report in the Gulf News, these scrapped notes are on their way to Dubai and are being recycled and transformed into hardboard and fibreboard products. The move was initiated by the Reserve Bank of India (RBI) to recycle demonetised notes.

Explaining the entire process behind the recycling, Mohammad said that RBI's regional office in Thiruvananthapuram had approached his firm and inquired about their capacity to recycle scrapped currency.

"I thought they had decided to recycle the soiled notes instead of burning them. I, too, got to know about the demonetisation plan only when the Prime Minister (Narendra Modi) announced it," Mohammad said.

"We are the only facility with this technology in India. It uses high electrical energy, steam pressure and temperature. We have been picking up almost 60 tonnes of shredded notes a week," he added.



http://www.deccanchronicle.com/nati...ial-for-illegally-converting-black-money.html
Bengaluru: The CBI on Tuesday arrested RBI official, K. Michael and JD(S) leader K.C. Veerendra, who owns a casino in Goa for allegedly converting a whopping Rs 1.51 crores into new notes illegally, with the probe likely to yield information that could incriminate senior bank officials across the banking fraternity and their political mentors.

Michael, a senior special assistant, Issue Department, RBI, Bengaluru, was arrested for allegedly helping a friend convert the obsolete higher denomination notes to the tune of Rs 6 lakh into Rs 100 notes without proper documentation.


The CBI on December 6 had registered a case related to money laundering at a State Bank of Mysore branch in Kollegala, some 145 km from Bengaluru. A senior cashier at the branch, Parashivamurthy, was named as the accused for converting Rs 1.51 crore into new currency notes without proper documentation for alleged financial benefits.

The CBI probe found that the Kollegala branch of SBM is a currency chest, from where currency notes are distributed to the neighbouring branches of the bank. As Michael was from the RBI Issue Department, he had gone to the branch to refill currency on November 8 and was at the branch when the demonetisation plan was announced. He immediately helped one of his friends to exchange old notes for Rs 100 notes at the bank without any documentation through Parashivamurthy.

Veerendra, meanwhile was arrested by the CBI in a separate case relating to a seizure of Rs 5.70 crore in new currency notes from his bathroom by the Income Tax department recently.

"We arrested Veerendra from Hubballi on December 10 and brought him to Bengaluru the following day. He was produced before the CBI court, which granted us his custody for six days," a top CBI official said.

The bank officials in a conspiracy with Veerendra exchanged Rs 5.76 crore of demonetised notes with the new currency of Rs 2,000 and Rs 100 denominations during November and December, the FIR stated.

Apart from Veerendra, middlemen Thippeswamy and Venkatesh, residents of Chitradurga district of Karnataka, and officials from four banks - State Bank of India, State Bank of Mysore, ICICI Bank and Kotak Mahindra - have been named in the FIR in the case.

The CBI received information that bank officials in and around Challakere had entered into a conspiracy with Veerendra, Thippeswamy and Venkatesh and other middlemen to "dishonestly and fraudulently" facilitate the exchange of Rs 5.76 crore of old currency notes.

The FIR stated that the bank officials falsified the accounts of their banks on the basis of forged and fabricated documents of identity and address proofs in the names of several individuals to misrepresent that the new currency notes were exchanged with the general public through bank counters and ATMs.

"Veerendra used the services of Thippeswamy and Venkatesh to manage the exchange of Rs 5.76 crore which he had stacked at this residence illegally. During the Income Tax Department searches, the currency was seized from hidden vaults in a bathroom in Veerendra's house," the agency said.

On December 10, IT officials raided 15 premises, including Veerendra's house in Challakere and a casino owned by him in Goa. The officials seized Rs 5.7 crore in Rs 2,000 currency notes, and the rest in Rs 100 and Rs. 20 denominations in Hubballi district and in Challakere.

Veerendra's name had figured in a cricket betting case earlier, sources said, adding that he was running a chit fund business and later forayed into casino and other ventures. Veerendra, a businessman from Challakere, Chitradurga district, is a former chairman of Primary Land Development Bank.

Sources said during a preliminary probe, Veerendra named several of his cohorts. The CBI is trying to gather material evidence to link them to an alleged hawala operation run by Veerendra.

The CBI will confront him with documents recovered from his premises and will try to get to the source of these funds which may reveal the alleged involvement of senior bank officials and politicians, they said.


I'm not sure why you are denying.. How many mobile atms stationed? In how many cities.. do you forgot about rural population?

http://m.ndtv.com/south/35-boxes-with-35-crores-have-no-link-to-me-says-chiranjeevi-482425
 
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It was modi who promised to bring black money from abroad..

He initially said note ban is to bring black money.. zero talk about digital economy and today this step is towards digital economy.. damage is to small vendors and businesses.. loss of life's in the banks and at the atm. Today a lady hand fractured in bank.

View attachment 360290

Black money hoarders outside bank @2AM ..


View attachment 360291

This is not rally .
View attachment 360293


And people struggling to withdraw their own money ... if you don't see hidden anger from common man, it will be big loss..


When we are not ready for digital economy - forget about people but banks itself are not prepared to face cyber threats.. this step is more for up election than black money.
Buddy you are entitled to oppose this move for the sake of huge inconvenience to common ppl but rest sound hollow which is why I don't endorse you views dear....
We can objectively discus this sub on various parameters I.e impact on GDP, Impact on over all economy, impact on corruption or for that matter impact on ppl daily life n so on if you don't persist to hook around your theories on long queues at bank....

You have still some time to wait & react objectively on some of the issue which can only be discussed once the respective data is out & post 30 Dec deadline....

Brother on top of everything, let me tell you who could be worst victim of the demonetisation than me who happened to marry on 11th Nov.... My marriage became matter of joke amongst my relatives in the backdrop of post 8th Nov demonetisation..
@Levina ....
 
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Modi a 'Tyrant',

Tyrant or not.
Liar he is.
And people know his lies and punish him accordingly.
Following is the example of Indian people:




tem14.png
 
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Brother on top of everything, let me tell you who could be worst victim of the demonetisation than me who happened to marry on 11th Nov.... My marriage became matter of joke amongst my relatives in the backdrop of post 8th Nov demonetisation..

OMG!
Finally!!!
Congratulations.

Wait I need to create a thread. :)
You have still some time to wait & react objectively on some of the issue which can only be discussed once the respective data is out & post 30 Dec deadline
Going by the drol in the number of stone pelters and dharnas, I think demonetisation hit where it hurts most.
 
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