Black money --Easy to get thousands of crores within 8-9 months
Recall all the 1000 and 500 Rs notes not just stopping their production..
The fact of the matter is that there is a lot of black money available with people in cash.Its obvious its 1000 RS and 500 Rs notes that make it easy to hide them as it required lesser space.
--People hide the black money in cash in their houses.As the money does not circulate ,the prices increase and the development gets hampered
--After the formation of Modi Government in the centre,I believe a lot of hawala rackets must have started that does not require the money to be deposited in Bank accounts
--Its easy to carry lacks of Rs with 1000 Rs notes and keep it hidden from law enforcement egencies
--Pakistan /Bangladesh has been very eager to destroy Indian economy by circulating fake Indian currency..The higher the denomination of fake money circulated,the more the impact on Indian economy
--Black money has been Modiji's agenda and nothing concrete has been done so far and opposition parties have been takiing undue advantage of it.
Plan=====
1)In order to control liquidity crisis,please ensure sufficient production of 50 and 100 rs notes and they are available with the banks (3-4 months before recalling all the 500 and 1000 Rs notes)
1)Stop the production of 1000 and 500 rs notes and given a timeline to general public (say 4 months) to deposit all the 1000 and 500 Rs notes available with them in their bank accounts
2)As the available black money with the people would be useless after 4 months for eg,they would be forced to get the black money in the market.
3) keep vigilance oven the undue transaction to start a crakdown after 6 months.
4)As a consequence of this step,we could see thousands of crores of money circulating in the market making the things easier for the govt..
Requirements--
--Strong will power to make the change happen
--Confidentiality till the objective is achieved.
--This does not require any foreign treaty and nothing can be an obstruction if the govt is serious
--The promise of getting the black money back can be fulfilled more
The fact of the matter is that there is a lot of black money available with people in cash.Its obvious its 1000 RS and 500 Rs notes that make it easy to hide them as it required lesser space.
--People hide the black money in cash in their houses.As the money does not circulate ,the prices increase and the development gets hampered
--After the formation of Modi Government in the centre,I believe a lot of hawala rackets must have started that does not require the money to be deposited in Bank accounts
--Its easy to carry lacks of Rs with 1000 Rs notes and keep it hidden from law enforcement egencies
--Pakistan /Bangladesh has been very eager to destroy Indian economy by circulating fake Indian currency..The higher the denomination of fake money circulated,the more the impact on Indian economy
--Black money has been Modiji's agenda and nothing concrete has been done so far and opposition parties have been takiing undue advantage of it.
Plan=====
1)In order to control liquidity crisis,please ensure sufficient production of 50 and 100 rs notes and they are available with the banks (3-4 months before recalling all the 500 and 1000 Rs notes)
1)Stop the production of 1000 and 500 rs notes and given a timeline to general public (say 4 months) to deposit all the 1000 and 500 Rs notes available with them in their bank accounts
2)As the available black money with the people would be useless after 4 months for eg,they would be forced to get the black money in the market.
3) keep vigilance oven the undue transaction to start a crakdown after 6 months.
4)As a consequence of this step,we could see thousands of crores of money circulating in the market making the things easier for the govt..
Requirements--
--Strong will power to make the change happen
--Confidentiality till the objective is achieved.
--This does not require any foreign treaty and nothing can be an obstruction if the govt is serious
--The promise of getting the black money back can be fulfilled more
Viewed by 30
View all 9 comments Below 9 comments
Sri Nitin Mahul and Arghay Ganguli ; We , the positive participants for good governance through these localcircles.com opted by NDA as a platform for Citizen shared redress are absolutely guarded for the better Swacch Bharat . The Conditions opted by RBI and Government in regulating the process of introducing new currency and the method of exchange and its conditions really constitute a well and wise application at one stretch . I just heard the best news which we all members anxiously waiting for the best in many ways . more
Nov 08
Excellent move by Modiji! Full support to the move and will of the government. Best wishes for taking the nation ahead by destroying black money and FICN. Don't even care for what other parties are saying because we know how politicians have stacked bundles of high denomination notes in their closet. Long live BJP and Modiji! more
Nov 08
Sarmaji and Jayakrishnanji ,its time for us to be happy that govt. also thinks the same as we do....... more
Nov 08
Stalling of pertinent Base Bills in parliament lead to delay. The govt. shall decide to close by 31-012-05 with immediate enforcement of the steps needed since it will help investments in the proposed industries . Any further delay will give rise to many obstacles on the whole. The localcircles.com to act forthwith please . more
Aug 25
No I don't think so. Even in this this circle there are only a few of us who keep repeating this for the past one year. And this goes to deaf ears and blind eyes. more
Aug 25
