Well said,good coverage of impact on small scale sector.he should give possible macro solutions instead of brooding over problems. Lets see for solutions:1. All association members should help the families of workers open bank accounts.2.educate them in using mobile phones or debit cards for withdrawals and payments.3 work out weekly or monthly requirement of cash and discuss a way out to give cash with the bank managers 4 push bankers to give priority in releasing more money to their employees.5. Educate them in training people,neighbours in using cards.if you look for solutions,problems will vanish.No need for series of articles on problems, better it be on solutions.
Well said,good coverage of impact on small scale sector.he should give possible macro solutions instead of brooding over problems. Lets see for solutions:1. All association members should help the families of workers open bank accounts.2.educate them in using mobile phones or debit cards for withdrawals and payments.3 work out weekly or monthly requirement of cash and discuss a way out to give cash with the bank managers 4 push bankers to give priority in releasing more money to their employees.5. Educate them in training people,neighbours in using cards.if you look for solutions,problems will vanish.No need for series of articles on problems, better it be on solutions.
Truly it should be given the most blunderous deed award in the world. Such a blunder without proper planning might not have been executed anywhere in the world so far. So I am not in a state to find out the outcome. Does it mean that now there is no black money existing in India and India is totally free from corruption????
NDTV GENIUS JOUNO'S WHY NO DETAILS ON DULAGARH VIOLENCE & NO DEBATE BY YOUR SO CALLED SENSATIONAL ANCHOR ON THIS,WHY NO NEWS ON AUGUSTA IN YOUR TV DEBATE....HOPE IT IS ALSO HAPPENING IN INDA
Re: Re: WHY NO NEWS
by vivek bansal on Dec 31, 2016 05:13 PM
Many fake journalists work for money so they write when they get crisp notes in their pocket, shame on them and public know them and their intentions.
Journalism is best and respected profession and still many work and write for truth, for public wellness.
I have no right and am not competent to give expert comments as I do not understand basics of economics,but strongly believe that our P.M. is doing good for poorest of poor of the country .Please appriciate his intent and efforts. S.S.KASANA
Re: Effects of demonetization
by dharmesh sheth on Dec 31, 2016 04:53 PM
As you are Educated, you donot know pain of Poor. Modi is doing this for Business Man (Paytm owner is Chinese, I am telling you are you are not expert). Being Gujarati I say MODI BHAGAO DESH BHACHAO. Jai Hind
Re: Re: Effects of demonetization
by on Dec 31, 2016 05:12 PM
Dharmesh seth- you may not know Modi has launched BHIM app for cashless transcation. people like you are showing drama in the name of poor but actual support for black money.
We are country of 125Crore.60 crore are illiterate, semi literate&less than 8th class studied. In terms of digital literacy, digital financial literacy&use of apps like paytm, SBI Buddy, online banking, other kind of digital banking&financial transactions 70 crore would be fully unqualified&disabled. Then requirements of KYC. There are several mistakes in aadhar cards which include simple spelling mistakes in the name, address etc. details. Corrections2them are herculean task though Govt says it is simple. Keeping all these&many such other practical concerns Income Tax compliance including simple filing of Income Tax returns becomes pretty difficult task & night mare for these 70crore atleast. There are other category of people like single old women, people above 65 years of age, Divyang people, so on and so forth. Thus Income Tax compliance particularly for those individuals who are in several crores in numbers might result in panic and crisis. There shall be altogether new & simple way of IT return filing & IT payment which will happen in the bank itself like indirect taxes that we pay and no paper work or going to TRP or IT offices is required. Most importantly IT shall not become policing department&force one 2 voluntarily forfeit fundamental right of freely using his/her hard earned monies. May be this will cause several millions acquire new disease called bank&income tax phobia&put nation to untold&huge burden of disease.I
you will come to know soon how this has impacted countries economy. wait and watch. one person's arrogance will ruin the country's economy that was doing excellent.. wake up my fellow indians
Re: Re: wait
by Wadood Ansari on Dec 31, 2016 04:50 PM
A person with blinkers one eye who cannot see beyond NGP like a toad in the well cannot see the whole wrold. Have you ever been to Middle East.
Re: Re: Re: wait
by vivek bansal on Dec 31, 2016 05:09 PM
why we should go there?when we have green and beautiful India, ofcourse not liked by few which does not matter.
Re: wait
by Mr Ekbote on Jan 08, 2017 11:03 AM
The nation has woken up after 64 years of slumber. Now we are truly an independent nation with a p.m working for indians.unfortunately some still are sleeping...please wake up to digital world or you will be left behind
Everyone from the poorest upwards want to be modern; everyone wants to be progressive; everyone wants systems like Singapore and USA but no one wants old retrograde systems to go.... Everyone takes pride in saying I have so-and-so much cash.... Its a sad situation that we as a society are corrupt and morally bereft and don't want to change.
Why kachaa bill, why not generate a pucca receipt for each transaction, why not pay each employee wages online into the account.... We are corrupt actually..... and we Indians should be ashamed of ourselves.
Re: Demonetisation
by Musalmaan Masala on Dec 27, 2016 10:02 PM
Lets be practical shall we and stop talking like Modi through the top of the various hats he wears. How many of your "each employee" know how to operate an online account/paytm/or sign a cheque/or deposit it in an account. Its very easy to talk bombastic language which sounds nice to Modi bhakts but at the ground level things are different (atleast in a largely uneducated India). The demonetization was a thoughtless act with big ramifications which Modi did not factor in.
Re: Re: Demonetisation
by Bhavin Bhandari on Jan 08, 2017 12:59 PM
Be a Modi bhakt or not, anyone who thinks futuristic will surely sound like Modi/Jatley/Nitish. When we claim to see what's happening on the ground & try to bank on Uneducated India, why do we forget that this Uneducated India has done all sorts of other transactions & actions i.e. bank loans, transfer of property, various enrollments in govt. schemes, setting up business, legal fight for ancestral property, using internet for porns etc. Then why in the world it is so difficult to use online platforms for money transactions!!!!
