India cash crunch sparks diplomatic row between Islamabad, New Delhi

[Hiptullha]

Make them stand in the line, no special privileges for them.

Meanwhile, Indian diplomats get diplomatic immunity in the US for slavery. A very disgusting, two-faced lot you """""people""""" are.

 

[Pakistanisage]

Stop all banking privileges for Indian Diplomatic Corp ( nest of spies ) in Pakistan.

 

[Khanate]

Why do you care? it's our government, our economy, our people and our internal affairs! First keep your house in order first before advising us.

As for pak staff unable to withdrawn cash, give them USD or traveller's cheques, credit cards, apple pay, google wallet... its endless

You do know this is a Pakistan forum?

There is no need to be so sensitive, I'm only pointing to the fact that Modi's domestic policy is in tatters so he is diverting attention to Pakistan just as he has done in Kashmir. He has failed to provide security to India and his demonetization policy is a spectacular failure. In 2016 alone, you had:

• Pathankot attack
• Uri attack
• Nagrota attack

These are all facts. Where is the advice in all this?

BTW, you're welcome to stick around on a Pakistani forum and enjoy our hospitality. We are very warm people.

And a lot of them have given a positive indication post-demonetization also.
There are better people available for that.
Like the head of India's Industry.
http://economictimes.indiatimes.com...short-term-india-inc/articleshow/55640155.cms
Sharing similar view on demonetisation, Ficci President Harshvardhan Neotia too said that it will have a short term impact on the economy.

http://www.cnbc.com/2016/11/21/indi...sts-say-as-growth-expected-to-take-a-hit.html
But analysts argue the unseen impact of the government's decision to wipe out 86 percent of the total value of currency in circulation to fight corruption and counterfeiting goes deeper and could see short-term pain for India's economic trajectory but eventual long-term gains.

I don't think people have yet understood the importance of the banks holding $200B+ in hard currency now.

The demonetization effect is temporary.

Let me explain it in a simpler way.
Paul Krugman: He says the gains are uncertain.
Fact: He doesn't know what the govt has planned after Jan. The govt knows what it's doing, but because of secrecy, no one else knows what's going to happen. The future is uncertain to the masses, not the core leadership.

Kaushik Basu: Same as Krugman.

Larry Summers: Same as Krugman.

Amartya Sen: Undermines currency, banks etc.
Fact: New bank accounts opened
http://www.dnaindia.com/money/report-with-30-lakh-new-acs-banks-get-demonetization-push-2278249

Manmohan Singh: Blah, blah, 2%, blah, blah.
Fact: Opposition idiot. He shaved off 5% in growth for more than half a decade.

This is my quote on another forum which holds true.
All such articles always talk about the negative effects of demonetization, which is all mostly true. But none of them say that this entire exercise is dependent on what the Modi govt does next, from Jan onwards.

The fact is demonetization is just step 1. We are yet to see step 2, 3, 4 etc. Don't forget that this entire move is backed by the RBI. Nobody knows India's economy better than the RBI. And nobody controls India's economy better than RBI. Not Amartya Sen, not Basu, not the foreign analysts, no one. That's why people trust in the demonetization. RBI is the controller of this move, while Modi is merely the face of it, the guy who's allowing the RBI to take back full control of the economy. The next best indication is India's industrial big wigs, they have all supported demonetization completely.

The FMCG says "no lasting impact".
http://www.livemint.com/Money/O16Oy...tion-and-FMCG-industry-no-lasting-impact.html

Real Estate says it will be fine.
http://www.dnaindia.com/money/repor...t-no-scope-for-correction-says-credai-2277276

Most important, CII backs it.
“Masterstroke,” echoed the Confederation of Indian Industry (CII).
http://knowledge.wharton.upenn.edu/article/demonetization-india-will-pay-price/

Crisil:
“[The demonetization] move could change the face of the Indian economy.”–Crisil Report

In short, you are hoping "step 2, 3, 4" will be a miracle.

Good luck, you'll need it.

 

[Jugger]

Even Anil kapoor was standing in line at an ATM to withdraw cash. So no special treatment for anyone even if he/she is a diplomat. He should also feel the common mans pain due to demonetization.

 

[NirmalKrish]

You do know this is a Pakistan forum?

There is no need to be so sensitive, I'm only pointing to the fact that Modi's domestic policy is in tatters so he is diverting attention to Pakistan just as he has done in Kashmir. He has failed to provide security to India and his demonetization policy is a spectacular failure. In 2016 alone, you had:

• Pathankot attack
• Uri attack
• Nagrota attack

These are all facts. Where is the advice in all this?

BTW, you're welcome to stick around on a Pakistani forum and enjoy our hospitality. We are very warm people.

let's agree to disagree respectfully! You have no idea of the ground realities. I think we know more about our own country and you do. Furthermore, I despise people who take pride in carrying out and abetting terrorist attacks. The fact you enjoy this, speaks volumes about your agenda.

It's a Pakistani Forum agreed, how does that make any difference that this is our internal matter, I again ask why are you so concerned or obsessed with India? I thought Pakistani's have better things to concentrate on. Warm people yes, enough to ignite very quickly due to the unstable nature of the elements your composed off.

 

[艹艹艹]

Please don't doubt “Modi-nomics”.

I put this “demonetisation” called “Modi-nomics”

 

[NirmalKrish]

Please don't doubt “Modi-nomics”.

Thanks for the heads up bro.

 

[padamchen]

Diplomats are kind of your guests...have some shame...someone truly said, a thousand year of slavery have changed your minds to permanent slaves which urges you to do these low level stupid things...!

I must point out that a young Spanish couple in trouble and unable to get a ticket to go back home, Indians came together and collected money to help them out.

We are not heartless. We are human. We like some people. We don't like some. Who we help and who we do not is up to us and who we want to help. What is this slaves nonsense?

 

[NirmalKrish]

Diplomats are kind of your guests...have some shame...someone truly said, a thousand year of slavery have changed your minds to permanent slaves which urges you to do these low level stupid things...!

Re-read your post again, it's bigotry and more stupid than anything else I have read on this thread. You're only making yourself look more stupid.

 

[AKD]

Whu dont they go cashless ???

 

[Tom M]

I cant understand why we have any relations with this filthy country

Because you can't afford to. That's why after all these tensions, you still do trade with us.

http://www.tribuneindia.com/news/world/no-change-in-trade-with-india-says-pak/331821.html

 

[cirr]

rules are for everyone.

Plus Pakistan is not even that special to bend the rules for.

Two friends of mine went to India on a biz trip 2 years ago. They came back with quite a few unspent Rs 500 and Rs1000 notes.

They intend to use the cash during their next trip to India.

Now...have they been looted by your government as a result of the "demonetisation"?

 

[padamchen]

Two friends of mine went to India on a biz trip 2 years ago. They came back with quite a few unspent Rs 500 and Rs1000 notes.

They intend to use the cash during their next trip to India.

Now...have they been looted by your government as a result of the "demonetisation"?

Good question. I have a sizeable sum of US dollars and UK pounds with me. I would be in a similar situation if either of them does the same. Maybe your friend could approach the Indian embassy and ask? Soon. Before end of this month (last date).

 

[Skull and Bones]

Diplomats are kind of your guests...have some shame...someone truly said, a thousand year of slavery have changed your minds to permanent slaves which urges you to do these low level stupid things...!

I haven't seen any personnel from other consulates whining like a bitch as yours.

 

[third eye]

Diplomatic missions have been facing the brunt of a cash crunch as non-availability of Indian currency is preventing them from executing vital duties.

Just for the record, which are these ' vital duties' that unable to execute ?

I do concede that diplomatic staff must not be put to discomfort but they too need to go cashless like the rest of the host nation .