what are your views on demonotisation
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Motives behind DeMo :
Ensure enough cash in banks to fund Capital Cronies close to ModiFavor Mastercard/Visa & PaytmHit BSP,SP,Cong kitty ahead of important elections
Result of DeMo :
150+ cash Q deaths40+ lakhs jobs lost (semi-organized & unorganized)PayTM complaints Zooms 3000 %VISA & MASTERCARD makes huge moneyDigital frauds RISESAdani-Ambani gets cool loans at rock bottom ratesSenior citizens gets 8% for their deposits instead of 8.6%Bank Credits worst in 50 yearsBanks learn to become corruptIT department learn to become corruptRBI made laughing stockLaborers skipping meals to survive4 times increase in Petrol/Diesel/Gas priceClueless who is accountable for this HUGE mess !!!In 50 days, reduced revenue collection by state govts is estimated to be around 1,10,000 - 1,20,000 crores.
Who Supported DeMo ?
Kajol ( Panama Papers Scamster)Khali (WWF Wrestler, in need of cash/free plot)Anupam Kher (Bollywood Comedian)Amitabh Bachan (Panama Scamster)
Who opposed DeMo ?
Almost all economists of the WorldDr.Manmohan SinghRSSAt least 1/2 of BJP MPsAll political parties condemned improper back up plans and not DeMo.
What went wrong ?
People starved of cash ! Unorganized sector literally dead, Real estate related jobs all killed instantly.People holding cash suspected as black money hoarders !Even today (15Feb2017) I hopped on to 8 ATMs but there were no cash in 4 ATMs, 4 ATMs had just Rs.2000/- notes (in Bangalore) !
Ensure enough cash in banks to fund Capital Cronies close to ModiFavor Mastercard/Visa & PaytmHit BSP,SP,Cong kitty ahead of important elections
Result of DeMo :
150+ cash Q deaths40+ lakhs jobs lost (semi-organized & unorganized)PayTM complaints Zooms 3000 %VISA & MASTERCARD makes huge moneyDigital frauds RISESAdani-Ambani gets cool loans at rock bottom ratesSenior citizens gets 8% for their deposits instead of 8.6%Bank Credits worst in 50 yearsBanks learn to become corruptIT department learn to become corruptRBI made laughing stockLaborers skipping meals to survive4 times increase in Petrol/Diesel/Gas priceClueless who is accountable for this HUGE mess !!!In 50 days, reduced revenue collection by state govts is estimated to be around 1,10,000 - 1,20,000 crores.
Who Supported DeMo ?
Kajol ( Panama Papers Scamster)Khali (WWF Wrestler, in need of cash/free plot)Anupam Kher (Bollywood Comedian)Amitabh Bachan (Panama Scamster)
Who opposed DeMo ?
Almost all economists of the WorldDr.Manmohan SinghRSSAt least 1/2 of BJP MPsAll political parties condemned improper back up plans and not DeMo.
What went wrong ?
People starved of cash ! Unorganized sector literally dead, Real estate related jobs all killed instantly.People holding cash suspected as black money hoarders !Even today (15Feb2017) I hopped on to 8 ATMs but there were no cash in 4 ATMs, 4 ATMs had just Rs.2000/- notes (in Bangalore) !
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