Is the black money back in the economy? Inputs Sought
Per the last few surveys, it was a good idea poorly implemented.
With this post, we would like to seek your inputs on what has been the impact of demonetisation, 3 years down, on black money, economy and number of tax payers.
We look forward to your inputs! more
Following are the suggestions:
1.The Only stronger Solution is to DISCONTINUE high denomination currency notes such as Rs 2000/-,Rs 1000/- and even Rs 500/- so that those who want currencies to be collected under Corruption ,will need larger space to keep the same.
2.On line transactions/ECS should increase further .One of the countries-Sweden has only 3% currencies in circulation
3.The Infrastructure for "On line operations" should be fully installed,thereby,the transfer work,on line transactions will happen instantly
4.We should move to 5G,or any latest system that would be available,asap,so that ,common public will feel the ease of working very comfortable,with savings of Time. more
Massive black money is back. more