Disagree.
Didi is the original mental. Kejriwal is only new kid in the block.
AK has miles to go before he starts spotting Maoist murderers among random people in the crowd.
India politics thread
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Didi is the original mental. Kejriwal is only new kid in the block.
AK has miles to go before he starts spotting Maoist murderers among random people in the crowd.
You are totally incorrect here. RBI has the exact numbers of the currencies which are in circulation. On Tuesday, in a reply in Rajya Sabha, the Minister of State for Finance, Arjun Ram Meghwal, said that there were 17,165 million pieces of Rs 500 notes and 6,858 million pieces of Rs 1,000 notes in circulation on November 8, 2016 (total value around 15.44 lakh crore). These are accurate numbers, and it will be foolish to believe that RBI doesn't hold the numbers of the currency which are in circulation. So, the currency count with RBI in no way could be lower than that of the currency count which are in circulation. And even if we suppose that all the currencies in circulation are white, still the total value of the 500 and 1000 denominations which are returned to the banking system should be lower than 15.44 lakh crore rupees considering the fact that many notes could have destroyed or lost in the process. So, ideally, we should only expect around 15 lakh crore rupees worth 500 and 1000 notes to be deposited or exchanged through the banks.
So, this report seems to be pretty accurate. On November 28, the Reserve Bank of India announced that Rs 8.45 lakh crore in the banned high denomination notes had been deposited in the banks between November 10 and November 27. On November 8, the total amount of actual cash with the RBI as CRR was Rs 4.06 lakh crore, according to the weekly bulletin of the central bank. And banks also retain money with themselves to manage day-to-day affair and to provide money on demand to customers which will come around 50,000 crore. So, the total amount of banned currencies which entered the banking system until November 28 is 8.45 + 4.06 + 0.5 = around 13 lakh crore. Means, we are only short of 2.44 lakh crore on November 28 and we still have more than 30 days to deposit the money. I talked with one of my friend yesterday and he told me that he has 50k with him in the banned denominations and he will only deposit it in the bank when there is no queues. He is just an example, i am sure that there are thousand's of other citizen's who are yet to deposit banned currencies coz of various reasons.
So, it's very clear now. Demonetisation massively failed in curbing black money or fake currency from the economy which were the proclaimed targets of the demonetisation. And it's very evident even from the governments recent actions. Now they are changing their tune, they are trying to make it like their aim was cashless economy. Nobody talking about black money and fake currency now. Funny, isn't it?
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It's a simple statement...when making a change for this big a populations, there will be queues. Simple as. Why is that so controversial or difficult to believe?
The difficult part is what follows "But people have cooperated tremendously. You don't find a social unrest in the country"
Lack of social unrest is hardly a measure of people's cooperation. People could be stressed tremendously, but not enough to cause riots.
Govt's should work towards better implementation and faster resolution of things and not think "We ll react when people start taking extreme measures."
Because we do tend to throw things out of the pram if things get a bit inconvenient. In such a large scale operation people across the country have been quiet with no riots and no danga fasaad, even with the poor implementation of the rule,people did not have a short fuse and even Bharat Bandh did not work which is what the opposition wanted to prove their point. This did show that people were on board with the step and there was no social unrest in the country.
Jaitley is stating a simple fact. Nothing to get worked up over it to be honest. At no point did he say that people are not cribbing so we will work at our own pace.
Let's wait for 30th of December and hope that all troubles are sorted by then and things become normal.
Because they are worried about their own money - which is in the govt's hand right now. Didn't people retaliate over the water issue in Bangalore (in TN also, maybe)? Haven't they retaliated over religious issues in the past? So what led to people toe the line this time compared to the others?
's all good man!
A guard without his lathi is like Fellaini without his Afro.
Disagree. Rioting is not a common phenomenon among masses, unless provoked or if it is a planned rioting (politically or communally motivated).
People did not riot in streets when Congress govt were involved in scam after scam. Doesn't mean that all people were happy with everything happening.
Rioting is an extreme step. If I put that as a benchmark, then every idiotic decision can be justified.
Bharat bandhs never work anyways. Bandhs work only if the ruling govt in a state shuts down state machinery. Check any state (except Kerala, WB and such leftist states).
I think Jaitley already said 1-2 quarters are needed at least. So not much hope by Dec 30. With the way things are going, I doubt if govt will even lift off all those withdrawal limits by that time.
These video's were taken yesterday (December 3rd) outside the biggest branch of ICICI bank in Connaught Place, Delhi, the capital of India, not in any 3rd tier city or a village. Have you seen the length of the queues in front of this ATM/Bank in Delhi? And if this is the case in Delhi, the capital of India, and that also in Connaught Place where there are around 100 ATM machines of different banks, what will be the state of the rural and semi-urban areas? And they say there are no more queues and no more struggles!!!! And then, yesterday, one person died when he was standing in the queue taking the total death toll to 84.
And the most notable thing is that, many people in the video were in the queue on Dec 1st and 2nd as well and they had to return empty handed on both days. This was the 3rd consecutive day in the queue for many of them and they were in the queue from 4 AM in the morning!!! And it was 12 PM yesterday, when this video was recorded. So, people were in the queue for 6-8 hours already on the 3rd straight day and still they were not sure if they will get money or not. Can you believe it? There were people on that queue who even came all the way from Uttar Pradesh (another state) thinking that they will get money from Delhi as it is the capital of India.
Yesterday, i called one of my friend who is working in Bangalore, he is a Modi supporter as well. He told me that he had to go around the city and had to visit 18 ATM's before he found one ATM which had cash. And even from that ATM, he only got a 2000 note. Yesterday he went to a SBI branch and he only got Rs. 6000 from there. He must pay Rs. 15,000 to his flat owner by tomorrow. And then another 8000 to the grocery man. And now he only have Rs. 900 in his hand apart from the 6000 which he got from the bank yesterday. Today he is planning to go around the city in his motor bike searching for ATM's with money. And tomorrow he will take another day off and to go to the bank again.
When this is the actual situation, the ground reality, even in metro cities like Delhi and Bangalore, what will be the current situation in the rural areas? And when this is the reality, the PM, FM and their fans are saying that there are no more queues, no more struggles for the common man. Terrible..
I am sure that the Bhakts now will go after the channel who recorded the video. Why are you looking at the channel as long as the reports are true?? Or do you think that the video was doctored and the people who were in the queues were actually paid by the reporter/channel? When solid facts are presented in front of you, why are you trying hard to find excuses and going after the channel/reporter? These kind of blind supporting won't do any good for the nation irrespective of the political party and the leader you support.
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This clown.
Joke of a PM. Is he the PM of the biggest democracy in the world or the clown in a circus? The following video of Mr. bean explains the entire drama very well. Watch from 2.20 to 2.32, Modi and his Ache Din can't be explained better in 12 seconds..
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Gadkari is arranging a lavish wedding for his daughter. Wonder how much of the transaction of expenses was cashless 
Gadkari is arranging a lavish wedding for his daughter. Wonder how much of the transaction of expenses was cashless
Don't you know? After the 'kings' announcement, only tea will be served in the marriages conducted by BJP lawmakers and leaders. In Karnataka, one former BJP minister served tea worth Rs. 550 crore in his daughters marriage and i am sure, Gadkari will do the same. And later, he will submit his bank transaction details to The Chief Justice, Mr. Amit Shah. No worries.. Indians are really blessed to be ruled by this 'intelligent' king and his ministers.
Someone translate that modi video for me please.
He is talking about how he was shown a video of a beggar who had started using the swipe machine to get money as people didn't have change
Some guy who declared 2 lakh crores (~30 billion USD ) has been found out to be fronting some mystery folks. Staggering stuff but somehow i don't see it being in the news for too long.
) has been found out to be fronting some mystery folks. Staggering stuff but somehow i don't see it being in the news for too long. That's a genuinely scary amount.Some guy who declared 2 lakh crores (~30 billion USD
Thanks mateHe is talking about how he was shown a video of a beggar who had started using the swipe machine to get money as people didn't have change
Some guy who declared 2 lakh crores (~30 billion USD
Yes, that's a scary amount and very suspicious. There should be thorough investigation. Another man from Gujarat had also declared 13000 crore black money and now he is backing off from his claims. Now he is saying that the money belongs to many people, including politicians, bureaucrats and builders.
However, there is a definite ploy by the government with the timing and the way these two declarations are announced. As the demonetisation exercise is proving to be stupid and ineffective in eradicating black money and fake currency, which were the proclaimed aims of the demonetisation, the government had moved the goalpost to cashless economy. But as more and more questions are raising regarding the effectiveness of demonetisation in eradicating black money, government had to show something to the public. And by putting these two declarations in public domain now (even if both are genuine or fake declarations), and possibly more to come, government is trying to deceive the people. They are trying to make these two declarations as the after effects of demonetisation. But in actual, these two declarations were made under the Income Tax Declaration Scheme (IDS) which closed in September 30. So, these two declarations were made on or before September 30, and demonetisation was only announced on November 8. There is more than 2 months gap. So, definitely these two declarations has nothing to do with the demonetisation.
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Gadkari is arranging a lavish wedding for his daughter. Wonder how much of the transaction of expenses was cashless
50 chartered planes to ferry VVIPs to Nagpur for Gadkari’s daughter’s wedding
http://www.hindustantimes.com/india...ing/story-y8xqptNW2NkL0nenpcB9VJ.html?ref=yfp
Don't listen to the haters. I am sure that only tea was served to the VVIP guests like Union home minister Rajnath Singh, BJP president Amit Shah, industrialists Mukesh Ambani and Ratan Tata, Shiv Sena chief Uddhav Thackeray, Union ministers and chief ministers. The total expense of the marriage is yet to be disclosed. 'Chief Justice' Mr. Amit Shah is cross checking all the expense details with the bank statements of Mr. Gadkari. So, 'truth' will come out soon. And the truth is that the Mr. Gadkari only spend Rs. 2.5 Lakh in cash for the wedding.
Yep. Pretty clearly trying to draw attention away from the mess they have made..
Also, the amount they had declared that was reported in the IDS was 65k Cr. Now they have added 2 more.. the 13k Cr a few days back and this insane amount...
I have no idea why this wasnt added to the total when they were talking about the IDS being a success.. 2.78 L Cr is a lot more impressive than 65kCr.
The whole nation turned in 65kcr. 1 guy reports 200k Cr .. insane.
$30b would make him one of the richest in the country. If he did in fact manage to earn that much money, there's no way he would be dumb enough to declare it now. Even more so considering there's no way he could earn that much legally and stay under the radar for so long.
More likely he's been bullied into it by scary people in a misguided attempt to clean their money.
More likely he's been bullied into it by scary people in a misguided attempt to clean their money.
Is that amount mostly cash? How does that even look?
See, none of these lies and tricks won't work with the educated and free thinking India's. But the problem is that there is a good percentage of Indian's who are either uneducated or are 'blinded'. And these kind of lies and tricks will surely work with them. From the way the media is reporting this issue and the way the government is trying to project it, an uneducated person or someone who is not looking into the details, will surely have an impression that this is the result of demonetisation. And that's what the government desperately wants now. They want to show the people that a huge amount of black money is seized/destroyed because of demonetisation, which is a big lie. Demonetisation actually did nothing to eradicate black money or fake currency, rather it caused great problems for 130 crore people including 84 deaths. And the damage it caused to the economy is beyond imagination. As per experts opinion, forget about economic growth, it will take at least 1.5 to 2 years for Indian economy to revive from this slow down and reach back to the levels of pre-demonetisation. The winners in this move are the corporates (domestic and international), BJP and e-payment portals. And ya, some money brokers and bank employees as well who exchanged old notes on commission basis.
Progression of keywords!
Trying. So. Hard.
Trying. So. Hard.
Progression of keywords!
Trying. So. Hard.
?
It is obvious his emphasis has changed as deposits have exceeded expectations, thereby making it unlikely that there will be much recovery of black money. This is a quantifiable way to show that.
Just like this: http://www.usatoday.com/story/news/...bama-state-of-the-union-word-clouds/78712780/
First of all, we need to know about the authenticity of these reports. And even if these declarations did happen, no way it will be in the form of cash. That will be crazy
. 85-90% of the black money was never stored in the form of cash and it never will. It was in the forms of real estate, gold, shares, and most importantly in the form of foreign investments and in the foreign accounts.The 2l Cr amount is authentic. Its come from the govt. IT dept.
I dont see how it'll be real estate if they are being used as a front by other people.. wouldnt the land have to be registered in their names? Same for shares or foreign accounts/investments.
Or is there some workaround for all that?
I dont see how it'll be real estate if they are being used as a front by other people.. wouldnt the land have to be registered in their names? Same for shares or foreign accounts/investments.
Or is there some workaround for all that?
Good chart. The movement of the narrative from catching black money hoarders to making India cashless was remarkable.
Progression of keywords!
Trying. So. Hard.
It's a fact. After the reports mentioning that a total of 13 lakh crore worth banned currencies were already entered the banking system by November 27, the government had to change their tune. They were only expecting a maximum of 10 to 11 lakh crore to enter the system and there by expecting a profit of 4 to 5.5 lakh crore, as the total amount of banned currencies in circulation and the reserves with RBI and the banks were 15.44 crore as of November 8. After the above mentioned reports came out, i haven't heard a single word from Modi regarding black money. Can you show me a single speech by the PM after November 28 in which he mentioned about black money in the way he did before?
The government understood that almost all of the banned currencies will be entering the banking systems by December 31st and so they moved the goalpost to cashless economy. Now they are trying so hard to project the declared amounts in the Income tax Declaration Scheme (IDS), which closed in September 30, as the profits from demonetisation.
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With petrol bunks stop accepting the old 500/1000 notes,transportation of goods to long distance would suffer especially to those who are operating with large number of trucks/trailers.
He's running this country via a WhatsApp group. fecking hell.
50 chartered planes to ferry VVIPs to Nagpur for Gadkari’s daughter’s wedding
http://www.hindustantimes.com/india...ing/story-y8xqptNW2NkL0nenpcB9VJ.html?ref=yfp
Don't listen to the haters. I am sure that only tea was served to the VVIP guests like Union home minister Rajnath Singh, BJP president Amit Shah, industrialists Mukesh Ambani and Ratan Tata, Shiv Sena chief Uddhav Thackeray, Union ministers and chief ministers. The total expense of the marriage is yet to be disclosed. 'Chief Justice' Mr. Amit Shah is cross checking all the expense details with the bank statements of Mr. Gadkari. So, 'truth' will come out soon. And the truth is that the Mr. Gadkari only spend Rs. 2.5 Lakh in cash for the wedding.
Two can play this game.
http://www.opindia.com/2016/12/the-...0-chartered-planes-for-his-daughters-wedding/
Dunno if this has been posted