Corruption post Demonetisation
With this post we would like to seek your inputs on how are you seeing corruption transactions happening post the demonetisation of old 500 and 1000 rupee notes.
How are people wanting to pay bribes transacting via new currency, cashless or other mechanisms.
We look forward to your inputs! more
How are people wanting to pay bribes transacting via new currency, cashless or other mechanisms.
We look forward to your inputs! more
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Worst form of corruption has erupted with new vigour. And, all forms of corruption. Biggest source is the business uncontrolled. And, the party of businessmen is the most benefited. This is my observation of the years now. Poor is getting poorer for whom there is no support from the government. The government is doing its best to snatch away their unclaimed money in banks, provident fund accounts, investors fund, etc. even by vandalising the Constitution of India, say, for example, using Article 266 for depositing such money of the poor consumers in Consolidated Fund of India, and The Finance Act of 2015 to add Chapter VII to garner the consumers unclaimed funds in the variety of provident funds, EPF, banks including Post Office Bank, etc.etc. in the name of Senior Citizens' Welfare Fund to gain sympathy of the Senior Citizens through the Budget Proposals year after year whereas these funds are not the part of the government revenue. These are the savings of consumers, middle income groups' personal money. more
Aug 30
Common people suffered a lot during demonetisation. They and their family members stood in the queue for a longer time and any how managed the essential requirements. After demonetisation also people suffered a lot as after shocks due to earth quake. Really hats off to Indian common man for supporting the demonetisation. Government recovered the black money and checked the misuse of black money during election. But there are always holes even in the barbed wire fence. Bankers and agents supported some politicians and rich people by hawalas, courier, through the bank accounts of poor people and their relatives. Crores of rupees were converted through bank officer into new currency. When hedge it's self swallows the Mellons what government can do? There are always loopholes in any system. more
Jun 16
Remove all large notes. The largest note should be Rs. 500. No of notes in the market and the numbers printed. more
Jun 15
The severe lesson was taught via demonetisation to the corrupted and black money holders. There was no excuse for them. Some traitors poured their illegal money into gutter. Some deposited black money into the accounts of their relatives, some deposited into the accounts of their employees. But CBI, Reserve Bank and income dept found the stuff and punished them. In short government has done a great work to decrease the huge gap between the rich and poor people. Really great work and equally appreciative job. Bravo honorable PM. Hats off to you. more
Jun 11
Demonetisation create a stir among social evils. I could realise many people doing their right business after this. We could not get feed back from social evils since right or wrong they are ready for all. more
Jun 11
