Real reason why Modi govt has carried out surgical strike on your pockets

[ashok321]

You want to punish your nefarious & nasty neighbor with your worthless 500& 1000 Rs. bills?

Deposit in (that chunk) his account.
Let the B*stard pay 200% fine!

Modi's Algorithm is a failure on this.

https://twitter.com/x/status/797103003400445952

With 2K notes in circulation shortly, inflation & corruption will take a new turn to the consternation of India.

https://twitter.com/x/status/797059735404937216

 

[911]

Sir will you be happy with black money streaming back into the white economy?

If yes, we should be least bothered whether it was a political or economic move.

Har har Modi. Ghar ghar Modi. Ab ki baar Trump sarkaar. Agli baar Modi sarkaar. Baar baar lagataar Putin sarkaar.

goo.gl/xbRdQI

The media is hailing Modi’s demonetization of old Rs 500 and Rs 1000 note as a masterstroke policy on curbing the menace of black money.

Really?? Hmmmm.

Let’s have a look into few figures;

What if I told you that total Bad Loans of Indian Banks right now is close to Rs. 6,00,000 crore. What if I told you that PSU Banks are in a miserable condition right now, and need immediate infusion of money to shore up their lending capacities.

What if I also told you that few weeks ago, credit rating agency Moody’s had stated that Indian banks required Rs. 1.25 lakh crore capital infusion? What if I told you that in July 2016 the Centre injected 23,000 crore into 13 public sector banks. What if I told you that Finance Minister Arun Jaitley said it in 2015 that the Centre would pump in more than 70,000 crore in PSU banks in coming four years.

And..What if I told you that this demonetisation is nothing but a measure to infuse money in those ailing banks so as to shore up their lending capacities?

Can’t you see people queuing up banks to deposit their hard earned money, waiting hours for their turn?

What other “Masterstroke” would have made this possible?


Just trigger the panic button by stating that your old Rs 500 and Rs 1000 currency is no longer a valid legal tender, and Voila!!! People are queuing up since morning to deposit their hard earned money.

What for? To curb the menace of black money? By bringing in new Rs. 2000 note?

You don’t curb black money by bringing in notes of higher denomination. In fact, you are now simplifying hoarding of black money by bringing in new notes of higher denomination.

Ok. So what would banks do with the fresh infusion of money from public pockets? Lend of course. That’s what their business is. And to whom would these banks then lend their money to?

You? Me?

Indeed, very sweet of you.

You are in the deposit queue dear.

Those in withdrawal queues are these privileged or shall I say chosen ones: (Note: the figures in bracket are their present repayable amount which they owe to various banks)

10. GVK Reddy (GVK Group) (33933 Crores)
9. Venugopal Dhoot (Videocon Group) (45405 Crores)
8. L. Madhusoodan Rao (Lanco Group) (47102 Crores)
7. G M Rao (GMR Group) (47976 Crores)
6. Sajjan Jindal (JSW Group) (58171 Crores)
5. Manoj Gour (Jaypee Group) (75163 Crores)
4. Goutam Adani (Adani Group) (96031 Crores)
3. Shashi Ruia & Ravi Ruia (Essar Group) (1,01000 Crores or Rs 1.01 trillion)
2. Anil Aggarwal (The Vedanta Group) (1,03000 Crores or 1.03 trillion)

And finally
1. Anil Ambani (Reliance Group)(125000 Crores or Rs 1.25 trillion)

The government just carried out a surgical strike on your pockets, and now you are running like chickens. That’s how crony capitalism works.

Now call me whatever you like- Marxist, Communist, Anarchist, Congi agent, conspiracy theorist blah blah blah.

I am sensing a big conspiracy by BJP against Indians.

 

[TimePass]

A great move, no two opinions about it. Those dealing off the books are the only ones crying as they have pile of paper in house now.

The masterstroke has been 200% fine on deposition of Rs 10 Lacs and above!! This will cause certain amount of re-distribution of wealth as money stacked in homes/businesses will now either be brought on books or like in case of Political parties, they will bribe the voters well in advance of actual elections across many states so that the poor can actually benefit from this and get some money as also income redistributed and circulated into economy ....

I have no issues, all my transactions are either electronic or card based and I do not need to change more than Rs 2000 worth of Rs 500 currency notes!!

200% tax is on the taxable amount. Not on the entire amount.

I am sensing a big conspiracy by BJP against Indians.

That is why I am thinking of seeking Asylum in pakistan or Bangladesh.

 

[911]

That is why I am thinking of seeking Asylum in pakistan or Bangladesh.

• The BJP has Kashmir (in coalition);

• It has the Punjab (in coalition);

• It has Haryana;

• It has Rajasthan;

• It has Gujarat;

• It has Maharashtra (in coalition);

• It has Madhya Pradesh;

• It has Chhatisgarh;

• It has Jharkhand;

• It has Assam.

Notice Anything?

 

[scorpionx]

I do not know, or say I can not know what would have been the real motive behind this sudden demonetization. But what I do know as a fact is that TMC had been collecting 9 lakhs each from the candidates who were to appear in the TET exam for recruiting primary school teachers. I don't want to speculate from how many the cash has been collected, but even if I assume a mere 5% figure, the amount is gigantic.

Now what is the value of this money? Zero. And that's making our CM giving one Frantic reaction after other. I am not sure last when I found myself on Modi's side but perhaps this is the rarest one.

 

[SrNair]

All will be clearer after 30th Dec. wait till then. BTW today when I was in the line to deposit I heard some interesting points.

1. Deposit Money in Current account in one go, not many times as it will indicate that you were transacting in old notes even after 8th midnight.

2. 16-17 lakh crore of 500-1000 denominations are in circulation. After 30th Dec. the unaccounted money may come near 10 lakh crore. That will be enough to place all the Banks in Black. (NPAs of the Bank is not fault of NDA) and the so called Modi backed Industrialist took money also during UPA.

3. Why Pakistani members are specially perturbed?

@SrNair

Because their business is just over.This revolution is not to enough wipe out entire black economy but Counterfiet are end once and for all.
And neighbours business is also over .

But why should we blame them?
Look at our own people .
GoI gave enough time but some people still chose to use black .AAP and political parties need to wipe out black economy.But wont support the Govt ,if they do that .
All of them are shouting a lot ,some even in the PDF also talks a lots about patriotism.
But noone can implement that in their life.
Our patriotic people cant wait for one or two
weeks for this nation .Pathetic

 

[911]

Just trigger the panic button by stating that your old Rs 500 and Rs 1000 currency is no longer a valid legal tender, and Voila!!! People are queuing up since morning to deposit their hard earned money.

Care to explain why people would hoard their hard earned money as cash at homes and not in banks in first place?

 

[randomradio]

Do you need any more from me on this?

This nails it all!

Hypocrisy is the hallmark of BJP.

View attachment 351147

Now go and sleep andh-bhakts

Wrong. This is the reason why Modi started the Pradhan Mantri Jan-Dhan Yojana and opened bank accounts for millions of Indians. More than 239 million new unique accounts were opened.
https://en.wikipedia.org/wiki/Pradhan_Mantri_Jan_Dhan_Yojana

The andh-bhakts are sleeping very well. The only ones awake are the ones with black money.

All the bad loans were UPA's fault. You are blaming the cure, not the disease.

 

[911]

Arshad Warsi unhappy with PM Narendra Modi's demonetization

Now these andh-Bhakts will chase Arshad warsi and start name calling like Arshad Charsi.

Who Arshad Warsi?

https://twitter.com/x/status/796040786965991424

 

[TimePass]

• The BJP has Kashmir (in coalition);

• It has the Punjab (in coalition);

• It has Haryana;

• It has Rajasthan;

• It has Gujarat;

• It has Maharashtra (in coalition);

• It has Madhya Pradesh;

• It has Chhatisgarh;

• It has Jharkhand;

• It has Assam.

Notice Anything?

YES

I found the Really Real Reality that the Really Real reason for Demonetisation is political and not economical

That is the Really really real most important lesson of the day. Everything else is irrelevant.

 

[ShoutB]

I do not know, or say I can not know what would have been the real motive behind this sudden demonetization.

the real reason :

1) Modi from day 1 wants all Indian to have a bank account
2) Modi wants all Indians to have their money accounted
3) There were lots of fake currency circulations in 500/1000 notes, hence to stop it.
4) UP election is coming, and now Mullah yadav will have trouble funding it's party. LOL!

He wants to have all the money accounted BE IT black!

But what are the negative points. Once you have the electronic transaction, well you have to pay for it. Otherwise how will the banks earn? Secondly installing the credit/debit card reader machine is not feasible everywhere as it's cost the seller.

Hence the finance ministry has to work on it. More over, I always believe that you cannot always pay via card. You need to have liquid cash in hand.

 

[911]

YES

I found the Really Real Reality that the Really Real reason for Demonetisation is political and not economical

That is the Really really real most important lesson of the day. Everything else is irrelevant.

Yes everyone knew who will benefit the most in UP elections due to this from the very first moment . For them BJP coming into power irks more than fruads circulating black money and fake currency making direct impact on inflation.

 

[TimePass]

Yes everyone knew who will benefit the most in UP elections due to this from the very first moment . For them BJP coming into power irks more than fruads circulating black money and fake currency making direct impact on inflation.

Well you know the fight against "communalism" must be won at any cost.

India comes second, third and last.

BJP has to lose, even if that means India has to lose. Ek Haazar India qurban ek haazar baar.

 

[Great Sachin]

I dont have any black money so there is no surgical strike on my pocket.

Who Arshad Warsi?

https://twitter.com/x/status/796040786965991424

Jiski peechhe se phati ho..samajh lo wo hi hai Arshad Warsi

 

[Sneaker]

@GodToons


1. Essar sold their entire refinery business in $13.5B to Russian company to pay loans
2. it is not Sajjan Jindal, it is Naveen Jindal (who fund AAP) as defaulter sold his entire power business to Sajjan Jindal to pay loan
3. Anil Ambani sold his stake in Reliance Infocomm to reduce loan quanity by Rs20K Cr
4. JP Group sold their cement business to Birla, Power to some other group to pay money to banks
5. Court cases opened for GVR and Lanco group, these group have benami investment of congressi leaders.
6. Videocon sold their telecom business to pay banks



Justify each count as to these businesses selling their assets only to PAY LOANS please...
How do you know the sale motive was to pay back their loans?

Why? Let us say they spend the money on partying AND payed the loan back.. what difference does that make?