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Demonetisation: News, Updates & Discussions

Discussion in 'World Economy' started by Mercury, Nov 8, 2016.

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Vote For or Against Demonitisation

Poll closed Nov 18, 2016.
  1. Good Idea, Well Executed

    19 vote(s)
    67.9%
  2. Bad Idea, Badly Executed

    1 vote(s)
    3.6%
  3. Good Idea, Badly Executed

    8 vote(s)
    28.6%
  1. turkish

    turkish Lieutenant FULL MEMBER

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    Ahhh! Ohh Now i understand what is meant by the idiom "left standing there with my unmentionable in my hand" .. All those politicians and business men who have black money please use all that money for a bonfire! Masterstroke!
     
    Last edited: Nov 8, 2016
  2. stephen cohen

    stephen cohen Lieutenant FULL MEMBER

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    RBI PRESS CONFERENCE STARTS
     
  3. Levina

    Levina Guest

    As in?
     
  4. R!CK

    R!CK 2nd Lieutant REGISTERED

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    Welcome move, finally a government that acted on black money instead of talking on black money. Looks like Congress goin broke soon. :fie: So no opposition party for 2019 elections? :haha:

    Good Day!
     
  5. vstol jockey

    vstol jockey Colonel MILITARY STRATEGIST

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    Aadhar card and beyond that Affidavit.
     
  6. Dagger

    Dagger 2nd Lieutant FULL MEMBER

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  7. vstol jockey

    vstol jockey Colonel MILITARY STRATEGIST

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    This move will create negative inflation or as we call it Deflation forcing banks to reduce interest rates which will help business and enterprises to generate jobs. A new segment of economic activity will start due to these low interest rates. I can say for sure that FY 2018-2019 will be a land mark yr for India. We may even breach 10% growth rate.
     
  8. Dagger

    Dagger 2nd Lieutant FULL MEMBER

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    Hi! Can you explain this?

    I thought the opposite will occur.

    Say now 10% of all notes will never transact. So now the remaining 90% money will get the purchasing power of pre-ban 100%.

    Value of money rises= amount of gold you can purchase with same money rises by 11.111%

    Or do you mean demand rises hard?. why should it? the illegals cannot trade it in anymore.
     
  9. stephen cohen

    stephen cohen Lieutenant FULL MEMBER

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    NEW RS 500 Note will have RED FORT

    New Rs 2000 Note will have MANGALYAN
     
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  10. vstol jockey

    vstol jockey Colonel MILITARY STRATEGIST

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    Nehru took India, Edvina and votes while all he gave to Gandhi was note pay chaap. This will now end. Finally we are overcoming the ghost of Nehru-Gandhi family.
     
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  11. Flyboy!

    Flyboy! Lieutenant FULL MEMBER

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    this will also give a nice push for cashless transactions and digitalization of financial services. hail modi .. the gujjus always play their money games well
     
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  12. stephen cohen

    stephen cohen Lieutenant FULL MEMBER

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    The New Note will ALSO have Mahatma Gandhi on one side
     
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  13. Ankit Kumar 001

    Ankit Kumar 001 Major REGISTERED

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    Before 2019, its heart attack for secular parties in UP. All the thousand and thousands crores they had accumulated to spend , its all mud.

    Chanakya Niti.
     
  14. Darth Marr

    Darth Marr Captain FULL MEMBER

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    Billions worth of Black money wiped out over night. Either make it white money or burn your Rs.500 notes :lol:
     
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  15. vstol jockey

    vstol jockey Colonel MILITARY STRATEGIST

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    Bloody hell. We are in for some more suffering is all I can say. We must bury this legacy of Gandhi to be a major power.
     

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