It seam and most of all are knowing that real black money is in real estate,Gold and dummy Accounts, meanwhile some part of 500/1000 notes are for loan cleared and insurance sector.
We all have given credit to Modi for bold decision, as such all failures are also to his account. He has created tax terror unnecessarily, without taking any correction. BJP is loosing its trust with common man. We all stand against corruption but not with tax terror and long miseries.
This author Wilson, should stop pretending a Sherlock Homes. His conclusions are mediocre to say the least. The crux of the matter is if Modi had not declared the DM suddenly , black money would have found its way of of the country , the whole exercise would have been a farce. So Modi had clearly told the nation on 8th Nov that the difficulties would be for 50 days, clearly based on the inputs he received from Jaitley, who people are now saying is a Jaichand .So Wilson stop creating a panic with your silly predictions, just before the UP elections that the currency crunch will continue for N no of months. The people of India will wait, but Modi should remove Jaitley as he should have briefed Modi clearly on 8th Nov how much exact time would be taken to remove the crunch.
Re: RBI Demonitisation
by daniel thorat on Jan 08, 2017 09:15 PM
Wilson is merely trying to bring people to their senses. Our fundamental rights have been adversely affected. There was not a whisper for DM? Then why?
This author Wilson, should stop pretending a Sherlock Homes. His conclusions are mediocre to say the least. The crux of the matter is if Modi had not declared the DM suddenly , black money would have found its way of of the country , the whole exercise would have been a farce. So Modi had clearly told the nation on 8th Nov that the difficulties would be for 50 days, clearly based on the inputs he received from Jaitley, who people are now saying is a Jaichand .So Wilson stop creating a panic with your silly predictions, just before the UP elections that the currency crunch will continue for N no of months. The people of India will wait, but Modi should remove Jaitley as he should have briefed Modi clearly on 8th Nov how much exact time would be taken to remove the crunch.
This author Wilson, should stop pretending a Sherlock Homes. His conclusions are mediocre to say the least. The crux of the matter is if Modi had not declared the DM suddenly , black money would have found its way of of the country , the whole exercise would have been a farce. So Modi had clearly told the nation on 8th Nov that the difficulties would be for 50 days, clearly based on the inputs he received from Jaitley, who people are now saying is a Jaichand .So Wilson stop creating a panic with your silly predictions, just before the UP elections that the currency crunch will continue for N no of months. The people of India will wait, but Modi should remove Jaitley as he should have briefed Modi clearly on 8th Nov how much exact time would be taken to remove the crunch.
We always have been telling that RBI is always headed by extremely eminent men,probably the best for the post at that point of time.Despite that how they managed to call the unrecovered loans of banks as non performing assets of the bank(!)and served the country with what they call poor liquidity in Bank is well known.We are blessed with this banking system ably supported and praised by one and all for all along. The entire banking system is like that only running well the brokerage industry. It needs a total revamping if the country has to match countries like japan or China to grow industrially and to make the standard of living of people better. R.PONNAMBALAM
First and foremost effect of demonetization is large scale of business of small business entities is almost halted for a week the daily wage earners literally lost all earnings. it is impossible to put black money effect by demonetization alone that too with only 11%note circulation control. The corruption in India is totally a political class patronage and no political party leader can dare eliminate black money as every year budget generate 10%.
