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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. Butter Chicken

    Butter Chicken Lieutenant FULL MEMBER

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    Only 33,000 crore was exchanged over the counter before it was stopped.Real money laundering at industrial scale is happening now
     
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  2. vstol jockey

    vstol jockey Colonel MILITARY STRATEGIST

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    Yes. This is what I wanted to explain. I have been to my bank ICICI few times and I see the kind of people in line who can never have an account in ICICI bank. But they are their to withdraw money for someone else and they keep standing in line outside ATMs whole night with 5-8 cards.
     
  3. randomradio

    randomradio Mod Staff Member MODERATOR

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    In a certain way, it's fine. The govt cannot stop every single incident. The fact is it is one of these touts who turns into a whistleblower and busts the gang.

    Also, the rich hoarders who are converting the money into new notes are doing so after losing a lot of money, so they will not keep as much cash anymore in the future.
     
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  4. vstol jockey

    vstol jockey Colonel MILITARY STRATEGIST

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    A total of about one lakh crore has been deposited in Jan-dhan accounts. Does this not show that the so called innocent poor is a bloody third rate cheat of India who is in cohorts with the black money sharks.
     
  5. Butter Chicken

    Butter Chicken Lieutenant FULL MEMBER

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  6. Butter Chicken

    Butter Chicken Lieutenant FULL MEMBER

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    Taxmen doing overtime................

     
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  7. Levina

    Levina Admin- Social media Staff Member ADMINISTRATOR

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    Not happening. Companies have already begun to cut salaries in private sector.
    Some companies which are not in loss have also taken similar measures, most prolly anticipating the implementation of taxes.
    GCC countries have been hit hard by the oil crisis. Worst is yet to come as Abudhabi has announced a cut in export(after the OPEC meeting).


    News to me. Lol
    But I can guess the reason why the poorly paid blue collar jobs still have so many takers from Kerala- there's so much competition. Imagine the plight of a poor and uneducated man. Out of desperation he might take up any job given to him.
     
  8. randomradio

    randomradio Mod Staff Member MODERATOR

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    I don't disagree. But then they don't know it's bad for them, making them unwitting victims. They can only see what's in front of them.
     
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  9. vstol jockey

    vstol jockey Colonel MILITARY STRATEGIST

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    Its greed which blinded them and they must be made to pay the price for it.
     
  10. jha

    jha 2nd Lieutant FULL MEMBER

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    Yeah.. Thats never gonna happen.

    Everyone is greedy and its not poor man's fault that the implementation has been awful.
     
  11. vstol jockey

    vstol jockey Colonel MILITARY STRATEGIST

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    Sorry bro, It must happen. What about equality before law?
     
  12. jha

    jha 2nd Lieutant FULL MEMBER

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    "Equality before law and Equal Protection of Law" has never been enforced. Can not and must not be enforced on poor alone for making few bucks.
     
  13. vstol jockey

    vstol jockey Colonel MILITARY STRATEGIST

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    Thanks for exposing yourself as a communist. Let the people who eat up taxes indulge in corruption and let honest tax payer die of taxes. One way of enforcing Equality is to make everyone poor. That's how communism worked.
     
  14. jha

    jha 2nd Lieutant FULL MEMBER

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    Communist ? Hehehehe. You OTOH surely are an elitist. Keep dreaming about punishing Poor. Will always remain a pipedream. We "Communists" will make sure of that.
     
  15. BlackOpsIndia

    BlackOpsIndia Developers Guild Developers -IT and R&D

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