Re: Misunderstanding the Demonetisation Objectives
by thomas abraham on Dec 27, 2016 05:57 PM
we can not negate the decision even if it was a blunder. We have to follow Buddha's teaching, just live in the present, which is the truth of the moment.
First thing, need not print all 16 Lakh Notes. Also, rationing of notes should be carried for one more month. Otherwise, culprits will encash all the money they have deposited in anonymous name and run away.
Writer says 24,023 million pieces of notes are required. Since we brought higher denomination 2000 notes there will be less notes required
Writer is naive and assumes that hoarded cash (black money) will also be replaced and replenished with new money. Govt has no plans to print for hoarding too... Hope he realizes that.
Govt is promoting and propagating e-transctions, so that will reduce dependency on cash.
The printing press never worked 2 shifts in the past they are now working, so the production capacity is increased by 70-80%. This fact was ignored by writer
Re: Biased calculation
by DK on Dec 27, 2016 04:07 PM
the writer knows it very well, he has purposefully tried to paint a grim picture...rediff is some news portal where taimur is praised...you can understand their orientation
Do not agree, it was needed rather one decimal is to be removed from the currency so that handling of currency is reduced to 1/10. Today Rs.100 is equal to Rs.1 of 1950. Of course, Modi could not remove people grievance rather created tax terror, only next election will decide his fate.
