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Confiscation of currency was not demonetisation's aim: Jaitley


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kolluru krishnamurty
Demonetisation-NOv,2016
by kolluru krishnamurty on Nov 08, 2018 03:55 PM  | Hide replies

Dear Finance Minister,Now you are justifying that confiscation of currency is not the objective of demonetization.You should remember the high-lights of the Honourable PM's broadcast to the nation at 8.00 p.m.on 8 th November,2016.PM said the broad objective of demonetization is bringing unaccounted money and non-tax paying money into the system.So the declared objective was not met though the other objectives now being interpreted are met.No account of counter-feit currency was so far given.How much tax was collected on demonetization effect,what was the impact on growth rate,slow-down of economy,loss of business in MSME's above all what was the loss of human beings and what was and how long was the suffering of people.Honourable FM is giving some lame explanations to the country.

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Satyajeet Singh Yadava
Re: Demonetisation-NOv,2016
by Satyajeet Singh Yadava on Nov 08, 2018 03:59 PM
They are experts in turning a deaf ear to pointed questions>That is the reasom their LeaDER NEVER TAKES QUESTIONS FROM mEDIA & AVOIDS PcS????????????

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Bigtribe
Wrong Man at the Wrong Job...
by Bigtribe on Nov 08, 2018 03:44 PM  | Hide replies

Jaitley is highly ignorant man in economy - does not qualify for this job.

How can a lawyer fit to be a FM...Is there no qualified man in BJP-RSS to manage the economy of the country.

Jaitley is acting like a dalllal for the select business men who mint money by hooks or crooks and flee the country.

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Satyajeet Singh Yadava
Re: Wrong Man at the Wrong Job...
by Satyajeet Singh Yadava on Nov 08, 2018 04:03 PM
He is a genious in Ignorance!!!!!!!!!!!!!!!!!!!!

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Bigtribe
JHUMLA Man - Worst FM India eve has
by Bigtribe on Nov 08, 2018 03:22 PM  | Hide replies

...Messed up the entire economy.

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maria mascarenhas
Re: JHUMLA Man - Worst FM India eve has
by maria mascarenhas on Nov 08, 2018 06:09 PM
Not only the economy but also the country with their ill thought or not planned strategies, Mr. Pm and Cm of Maharashtra you will have to pay the price for the wasteful expenditure on statues rather than keeping the welfare of the people. You call yourself a fakir, look at your clothes they tell the truth. If you really are a fakir then act and dress like one. Everyone including the world leaders know what you are? They may hug you in public, but must be laughing behind your back for the hugs you force on them, that is not Indian culture, Indian culture is joining hands and saying namaste.

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Jagdish Arora
Deep suspicion on people of Maharashtra
by Jagdish Arora on Nov 08, 2018 03:13 PM  | Hide replies

Mos of the government officers in Maharashtra depend on bribes and these people have occupied all government jobs not only in Maharashtra but in central government and mos of the other states as other states do not have so many lower-castes people registered.

Due to this monopoly most of these government officers and cops take bribes and generate huge amount of black money.

They stop vehicles on the road and have regular customers where they get regular income from transporters and other businesses.

It is very difficult to end this monopoly of one state over all other states.

Everything is costly in Maharashtra due to this huge black money

Maharashtra also everyone is suspicious of each other and they do not live like other people but think each other and outsiders as thieves-and-robbers

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Satyajeet Singh Yadava
Re: Deep suspicion on people of Maharashtra
by Satyajeet Singh Yadava on Nov 08, 2018 03:23 PM
Sir,What is the relationship between Caste & Bribe????Plz explain for the benefit of Rediff readers!!!!!!!

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P S SHAH
Re: Re: Deep suspicion on people of Maharashtra
by P S SHAH on Nov 08, 2018 03:43 PM
Do you read and understand English properly ?

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Satyajeet Singh Yadava
Re: Re: Re: Deep suspicion on people of Maharashtra
by Satyajeet Singh Yadava on Nov 08, 2018 03:44 PM
Kindly teach me Dera ShahhJeeee!!!!!

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Kannan Ramanan
Good move but badly implemented
by Kannan Ramanan on Nov 08, 2018 02:44 PM  | Hide replies

Confiscation of Currency was not the aim of Demonetisation:
Government surely expected that an estimate of 10-20% of currency would not be deposited and hence tantamount to confiscation or rendering redundant and wipe of RBI liability and a windfall to the coffers. That did not happen, in that respect, it was a big miscalculation.

In reality, black money did get into the banks through various channels, with connivance of all type of bank bureaucrats and got the status 'assumed white'. If indeed lot of I.T. notices have been sent to depositors and there is a reward at the end of the tunnel, then it was a an exercise worth.

Formalisation of the economy seems to have happened substantially, but still cash is heavily floating around, probably eclipsing the volume and value of 2016, which mocks the very meaning of digitisation and the Government has miscalculated heavily.

Demonetisation was a good intended exercise, but awfully implemented and post event follow-up is terrible, thereby diluting the purpose. Whomsoever the brains behind the move did not think through the whole length-and-breadth of the implications and ramifications of this exercise.


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Satyajeet Singh Yadava
Re: Good move but badly implemented
by Satyajeet Singh Yadava on Nov 08, 2018 02:50 PM
You may be correct to some xtent but this Jhulaa Govt as per its habit didinot take any homework & never consulted the Xrets execept those from SAaaaaaangheee_JhumlaaBhakts!!!!!!!!!!!!!!!

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P S SHAH
Re: Re: Good move but badly implemented
by P S SHAH on Nov 08, 2018 03:44 PM
wait and watch .This government is going to retain power for the next term. Save some energy for writing nonsense for atleast next five years.

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Satyajeet Singh Yadava
Re: Re: Re: Good move but badly implemented
by Satyajeet Singh Yadava on Nov 08, 2018 04:05 PM
you have understated your Govt.as per the words of Dera Motabhai ,will remain in Power for not less than 50 yrs!!!!!!!!!!!!!!!!!!!

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paul theo
ALL JUMLA
by paul theo on Nov 08, 2018 02:23 PM  | Hide replies

JUMLA PARTY HAS RUINED THE ECONOMY OF THE COUNTRY,AND MADE RUPEE DECLINE AGAINST DOLLAR

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Satyajeet Singh Yadava
Re: ALL JUMLA
by Satyajeet Singh Yadava on Nov 08, 2018 02:36 PM
They are showing a "Mariyal_dogg" as the royal Bengal tiger as usual the Name changer_Jhumlaa_party?????????

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Satyajeet Singh Yadava
Re: ALL JUMLA
by Satyajeet Singh Yadava on Nov 08, 2018 02:46 PM
Demo was a failed xwercise which badly affected the poor,Kisans,doodhwaal,sazivallas where as big seths made hay & filled the ctir ouwn 7 oaprty coffers!!!!!!!!!!!!!

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P S SHAH
Re: Re: ALL JUMLA
by P S SHAH on Nov 08, 2018 03:46 PM
The people who had no money only criticise demonisation.

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Satyajeet Singh Yadava
Re: Re: Re: ALL JUMLA
by Satyajeet Singh Yadava on Nov 08, 2018 04:07 PM
Yeah!!!We are poor OBC people depndent on Dairy farming & really we did not have much money like BJP supporters but this demo ruined our Dairy & farming both!!!!!!!!!!!!

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P S SHAH
Re: ALL JUMLA
by P S SHAH on Nov 08, 2018 03:45 PM
Bewada theo, do you understand abcd of economy ?

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