We have had note ban in Venezuela also, but here in Venezuela we do not have people like the people in India. The opposition in India is wailing as if it has been looted. In our opinion opposition in India has looted the general public since independence. Venezuela has taken a cue from India, but the reaction of the opposition in Venezuela has been of being ashamed of themselves as against that of being brazenly arrogant.
Re: Note ban-Venezuela
by Ramvinayak on Dec 15, 2016 10:49 AM
The reason of Note ban in Venezueala is different.It is due to high inflation.how you know the people and opposition are not opposing it.The ban came just three days back.Half of the Venezeula is controlled by the Drug Mafia..Dont shoot your mouth before understanding things
Re: Re: Note ban-Venezuela
by dillipkaundinya on Dec 18, 2016 11:59 AM
Venezuela, Pakistan, Syria, Saudi etc are now are role models. Very very good Governance indeed.
Though the intent was good, the execution has failed the Govt. Since, the operation has to be in secrecy, it was not informed to many and the RBI has not been involved with confidence and they were not in a position to plan accordingly. The most interesting part of this whole operation is that no one is sure how many of 1000's and 500's notes are in circulation. The amount declared so far is with RBI and amount with other banks have not reached RBI
making all people fool now he had came to know that his demonatization scheme is failed so he now crying crying cashless cashless society making all people fool will he give back 100% money back if during the use of e wallet some one hacked the account & taking out all the moneywill govt will pay back 100% money if some one has lost his 100% money?no then just as hitler saying one false 100times people takes as it as a real same strategy is adopted by the modi & his colleuges why he again introduced 500 2000 notes gain he is against black money how som much 2000 notes ar obtaining from big business man hawala dealers when common people in is in q for 8 10 hrs to get just 2000 4000 he had mocckery of all this there will be chaos every where in the daysahead
We average Indians can outsmart the well laid out plans of the Govt.by standing in queue(nothing illegal or unethical sincerely ,it is just doing a casual labour job for an earning of Rs.300 for our livelihood as we always do regularly ) for others to convert or deposit HDNs, pay salary in advance,take signature,but record it after say 2 or 3 months,hoard Rs,2000 notes in bulk and the like.Our planning skills are phenomenal that our financial establishment that would compare itself in pedigree with World bank, IMF has arranged our currencies in the ratio of 86 to 14% which may be different from that in any other country.Our capable establishment knows that availability of HDN in huge quantities is a pass port to easy transportation of Black Money and to encourage Black Money economy and anybody would get frightened to demonetize when he comes to know that 86% of value of notes in SD are to be printed. If he dares still to print in big number it can be easily understood that things like demonetization is in the offing.No body who maintained this 86 to 14 ratio are coming forward and justifying the rationale; instead they are blaming that demonetization had been ill planned not as wellplanned like the 86 to14 ratio of High to small DN to thwart any attempt at demonetization R.PONNAMBALAM
Re: well planned 86 to 14 ratio of High to small DN
by Defender on Dec 14, 2016 06:48 PM
Do these guys in the Parliament understand that digital payments are the easiest thing hackers find to hack ?. Are the apps secure ?. NO. Do you think the gateways are fool proof ?. No. Phishing, skimming and what not can happen over a digital payment. I have a personal experience of a Bank ( I wouldn't like to name it as its a reputed one). They used my funds to make my own payments without informing me and later when I questioned them as to how they did without my knowledge, they sent a vegetable bag as a free gift to pacify me. This is at a Bank level how about digital transactions ?. Who can track and who can force a legal action on a digital transaction ?. Do we have a legal system in India that addresses Digital payment laws ?. No. Good move of demonetization, bad at implementation. In a Country like India change cannot happen overnight, it has to be incremental.
Re: well planned 86 to 14 ratio of High to small DN
by Defender on Dec 14, 2016 06:48 PM
Do these guys in the Parliament understand that digital payments are the easiest thing hackers find to hack ?. Are the apps secure ?. NO. Do you think the gateways are fool proof ?. No. Phishing, skimming and what not can happen over a digital payment. I have a personal experience of a Bank ( I wouldn't like to name it as its a reputed one). They used my funds to make my own payments without informing me and later when I questioned them as to how they did without my knowledge, they sent a vegetable bag as a free gift to pacify me. This is at a Bank level how about digital transactions ?. Who can track and who can force a legal action on a digital transaction ?. Do we have a legal system in India that addresses Digital payment laws ?. No. Good move of demonetization, bad at implementation. In a Country like India change cannot happen overnight, it has to be incremental.
Re: well planned 86 to 14 ratio of High to small DN
by Defender on Dec 14, 2016 06:48 PM
Do these guys in the Parliament understand that digital payments are the easiest thing hackers find to hack ?. Are the apps secure ?. NO. Do you think the gateways are fool proof ?. No. Phishing, skimming and what not can happen over a digital payment. I have a personal experience of a Bank ( I wouldn't like to name it as its a reputed one). They used my funds to make my own payments without informing me and later when I questioned them as to how they did without my knowledge, they sent a vegetable bag as a free gift to pacify me. This is at a Bank level how about digital transactions ?. Who can track and who can force a legal action on a digital transaction ?. Do we have a legal system in India that addresses Digital payment laws ?. No. Good move of demonetization, bad at implementation. In a Country like India change cannot happen overnight, it has to be incremental.
Re: Re: well planned 86 to 14 ratio of High to small DN
by Defender on Dec 14, 2016 06:51 PM
What if its an Overseas transaction from India and the digital payment transaction turns out to be fraudulent ?. How will it be tracked ?. Where are the laws in Place ?.
Re: Re: Re: well planned 86 to 14 ratio of High to small DN
by Defender on Dec 14, 2016 06:53 PM
More than 70% of rural population cannot afford a Smartphone and you are talking about apps, payments, Internet, digital transactions and what not....
Re: Re: Re: well planned 86 to 14 ratio of High to small DN
by Defender on Dec 14, 2016 06:55 PM
Farmers, daily wage workers, construction workers, street cleaners and other low class population must now buy Smartphones and learn to use APPS...
Re: Re: Re: Re: well planned 86 to 14 ratio of High to small DN
by NAGRAJ KV on Dec 15, 2016 03:32 PM
you are defending the corupt oposiotioon by using words which will atcatch peples attention..
Re: Re: Re: Re: well planned 86 to 14 ratio of High to small DN
by vinod kumbar on Dec 15, 2016 11:00 AM
long run benefits, people you explained will open accounts, to use app will start learning and thus no one will fool them when they become educated
Re: Re: Re: Re: Re: well planned 86 to 14 ratio of High to small
by Defender on Dec 15, 2016 01:06 PM
Looks like you are living in a Utopian World...I wish it was as you said...Reality and Wishes are two different things....
Import of printed notes will cause heavy load on foreign exchange . Already Govt must have imported lot of paper for printing these new notes. It is a sheer case of mismanagement and wrong planning . Still Govt. spokesmen are issuing statements to the contrary. They are not aware of public apathy. I donot think this Govt can do anything better at this stage otherwise that will damage the reputation of Hon. Mr Modi and the Govt.
Re: How India's note ban is unlike any ever seen
by dillipkaundinya on Dec 14, 2016 05:43 PM
All spokesperson of Govt and BJP are trying to save the honor of Hon. Modi. But the anti-national economists are not agreement with the logic forwarded by them. What to do?
Re: Re: Re: Note ban
by ishrat quadri on Dec 15, 2016 10:57 AM
Poor guys. You don't have any other thing hence plot everyone to be paki. That is all. Good work. Please go on, praise yourself for every good and bad thing of your superman.
