India: Millions Rise Up Against New World Order Ban On Cash

[PlugnPlay]

Before integrating the economy with the rest of the world , GOI should think of alternate ways to avoid any possible crisis. We should not be playing into the hands of big foreign corporations and their designs.

We should not be playing into the hands of the Jihadis, presstitutes , commies and black money hoarders either.

One cannot avoid crisis, but one can learn to deal with them in a calm and rational way. That process is called "Maturity"

you should get out of your village and venture into the real world sometime, Manavan.

Is that the same place where "Rape is not bad" ?

I guess I should leave my wife, mother or daughter behind when I step into that "real world".

 

[Srinivas]

We should not be playing into the hands of the Jihadis, presstitutes , commies and black money hoarders either.

One cannot avoid crisis, but one can learn to deal with them in a calm and rational way. That process is called "Maturity"

You are not getting my point, millions of Indians are buying good from Amazon which is foreign company like that they want to control every aspect of life.

We need Indian corporates with the backing of GOI in every sector who can give tough competition to these foreign companies.

Similarly GOI should device alternate plans to avoid any consequences of global melt down.

 

[T-72]

career Politician

because that's so legit, you blind fucking slave cunt cultist.

same place where "Rape is not bad" ?

rape is not bad when it happens to evil bitches

go scream in outrage now, commie.

you're a fucking commie, very sad that you don't even realize it.

there is nothing worse than being a collectivist hive mind commie (or islamist, take your pick) slave who worships the government/vengeful sky daddy.

 

[Mr.Nair]

If you believe this pool, you don't know there is another India where people don't have their voice on the internet.

I hope if you have severe fever, you prefer to take some injection or you will tell that it will pain and so will not need it?

You don't know nothing about people. Majority of people still support note ban including common man though they face some initial difficulties as the currency banned immediately with an intention to counter black money and fake notes.
Those against are some medias(Whose intention is to support realestate mafia and many others, which these medias income for advertisement will comes from them),corrupt politicians,criminals,blind haters against government and its party,looters etc.

 

[PlugnPlay]

You are not getting my point, millions of Indians are buying good from Amazon which is foreign company like that they want to control every aspect of life.

We need Indian corporates with the backing of GOI in every sector who can give tough competition to these foreign companies.

Similarly GOI should device alternate plans to avoid any consequences of global melt down.

Flipkart is the leading e-Retailer in India, not Amazon.

But I agree that Indians need access to low interest capital and Modi govt. seems to have no clear plan to make that happen.

There is not even a white paper on moving from income tax to a banking transaction tax to ensure comfort to citizens.

Modi govt. clearly needs to do MUCH MUCH more on the economic front, but the reality is we do not have someone like Dr. Swamy , a Trained economist as the Finance minister.

We have a lutyens Lawyer as the FM who has lived in that elite space his entire life.

In any case there is not "global meltdown" and even if that happens, India is well insulated and any such meltdown will help us since we have a LOT of development to do WITHIN India.

 

[Srinivas]

Now a days Flipkart is not performing well, amazon is improving in India.

Flipkart is the leading e-Retailer in India, not Amazon.

But I agree that Indians need access to low interest capital and Modi govt. seems to have no clear plan to make that happen.

There is not even a white paper on moving from income tax to a banking transaction tax to ensure comfort to citizens.

Modi govt. clearly needs to do MUCH MUCH more on the economic front, but the reality is we do not have someone like Dr. Swamy , a Trained economist as the Finance minister.

We have a lutyens Lawyer as the FM who has lived in that elite space his entire life.

In any case there is not "global meltdown" and even if that happens, India is well insulated and any such meltdown will help us since we have a LOT of development to do WITHIN India.

 

[PlugnPlay]

because that's so legit, you blind fucking slave cunt cultist.

rape is not bad when it happens to evil bitches

go scream in outrage now, commie.

you're a fucking commie, very sad that you don't even realize it.

there is nothing worse than being a collectivist hive mind commie (or islamist, take your pick) slave who worships the government/vengeful sky daddy.

Now your Frustrated Rant sounds just like Mamata Banerjee

 

[Dragon Ball]

If you believe this pool, you don't know there is another India where people don't have their voice on the internet.

Even if urban Indians have internet we are not so divorced from the rest of our country to be deaf to its voice. Almost all of us have relatives and extended families in villages. 70% of Indian population resides in villages and they are politically aware and financially integrated even in the remotest corner by the post office.

 

[PlugnPlay]

Now a days Flipkart is not performing well, amazon is improving in India.

How does that matter ?

Patanjali is doing better than HLL. what does it prove ? Nothing.

We need to raise the literacy level to 99% and give interest free loans to Indian entrepreneurs.

WE need to build roads, Rail ways, irrigation systems, pipeline water and sewage, pipeline gas, electricity, improve farm productivity, increase life span, decrease illness, restore pride, restore values, improve judiciary etc. etc. etc.

There is a million things that needs to be done and should be done. Even doing half of them will push up our GDP to more than 10% growth.

There is no reason we cannot grow at that rate for the next 20 years.

 

[Dragon Ball]

But he is partially right in his assessment that any future black money will be stored in Foreign currency and Gold due to this move that reduces the confidence of Black Money hoarders in Indian currency.

It will impact our Currency valuation in both short and long term.

Considering all large payment modes are being digitised the scope for generation of black money will be severely curtailed. Another thing to consider is all this money in the banking system means an expansion of money available for business by 400% at the minimum given fractional reserve banking. So expect the rupee to gain strength and possible availability of cheap credit for investments to everyone.

 

[PlugnPlay]

Even if urban Indians have internet we are not so divorced from the rest of our country to be deaf to its voice. Almost all of us have relatives and extended families in villages. 70% of Indian population resides in villages and they are politically aware and financially integrated even in the remotest corner by the post office.

What is the point of explaining Indian political system and society to a chinese bot ?

He claims he knows more about Indian society than Modi himself. All we can do is bow down to his knowledge.

 

[T-72]

Now your Frustrated Rant sounds just like Mamata Banerjee

that's the problem with you commie mindset people, you don't even realize you've gone commie, sad !

 

[Srinivas]

This post is completely out of context to my earlier post.

How does that matter ?

Patanjali is doing better than HLL. what does it prove ? Nothing.

We need to raise the literacy level to 99% and give interest free loans to Indian entrepreneurs.

WE need to build roads, Rail ways, irrigation systems, pipeline water and sewage, pipeline gas, electricity, improve farm productivity, increase life span, decrease illness, restore pride, restore values, improve judiciary etc. etc. etc.

There is a million things that needs to be done and should be done. Even doing half of them will push up our GDP to more than 10% growth.

There is no reason we cannot grow at that rate for the next 20 years.

 

[PlugnPlay]

Considering all large payment modes are being digitised the scope for generation of black money will be severely curtailed. Another thing to consider is all this money in the banking system means an expansion of money available for business by 400% at the minimum given fractional reserve banking. So expect the rupee to gain strength and possible availability of cheap credit for investments to everyone.

That is just Naive.

Majority of Black money is due to CORRUPTION. Almost 90%.

Corruption exist because our Judiciary does not exist and that is not getting Fixed any time soon.

Transparency due to digitisation will reduce corruption, but will not eliminate it.

Banks gives loans to Big Industries, not Farmers and poor entrepreneur. Kisan Credit Cards offered by banks hardly offer 25% of the farmer's gross estimated income as credit. That too at a rate of 9% per annum.

Its a joke.

There is no pressure on banks to make credit cheap so its just not going to happen anytime soon.

 

[ayesha.a]

But he is partially right in his assessment that any future black money will be stored in Foreign currency and Gold due to this move that reduces the confidence of Black Money hoarders in Indian currency.

It will impact our Currency valuation in both short and long term.

That may be so. This is a one time move to flush out the existing black money held as cash presently. It won't prevent accumulation of black money in future - other measures are necessary to prevent that.

Also, to buy foreign currency, you need a paper trail. You have to show your identity papers and have the transaction recorded, to buy gold or foreign currency. (There are illegal suppliers of both, but it is a lot more difficult than accumulating Indian rupees.) Paper currency, OTOH, required no paper trail.

(Mind you, I'm not sure of how effective this move will be - we will have to wait and see. I'm just dispelling the misconception that this will undermine faith in the Indian rupee itself. That will not happen, as the currency has not been declared valueless - it just has to be exchanged for new notes of the same value.)