India withdraws 500 and 1000 denomination

[prasad1]

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At a time when Nepalese citizens are facing problems in exchanging withdrawn Indian notes of Rs 500 and Rs 1,000 denomination, the country’s central bank on Thursday banned the exchange of India’s new Rs 500 and Rs 2,000 currency notes.

The Nepal Rastra Bank said the new Indian notes cannot be exchanged until the Reserve Bank of India (RBI) issues a new notification under the Foreign Exchange Management Act. Such a notification allows citizens of foreign countries to hold a certain amount in Indian currency, officials said.
http://www.hindustantimes.com/world...ed-in-nepal/story-NSb91FPynrmsaypTF34bHI.html


Who cares!!!!!!!!!

 

[prasad1]

Why not have a bank notes with expiration dates. That way all black money will have to exchanged for new money at the bank say every 10 years.

 

[GANESH65]

Why not have a bank notes with expiration dates. That way all black money will have to exchanged for new money at the bank say every 10 years.

If certain reports are to be believed that option also is being under serious consideration of the government. The proposal was first started with withdrawal of HDNs issued prior to 2008 a couple of years back. Some how it didn't continued later. If today's cabinet decisions are any indication usage of currency would be drastically reduced with stringent measures of digitisation and promotion of plastic money. Government has decided to promote usage of e wallets and has increased the e wallet limit to ₹20000/-

 

[GANESH65]

Demonetisation: Unaccounted bank deposits may be taxed 60%

The government plans to introduce changes to the Income Tax Act during the winter session of parliament.


The Union Cabinet late on Thursday approved a proposal to make changes in the Income Tax Act to levy 60 percent tax on unaccounted bank deposits above a particular threshold limit. The latest move follows the government's decision to ban old higher currency notes of Rs 500 and Rs 1,000.
The decision led to a sudden increase in cash deposits after the demonetisation move was announced on November 8. Jan Dhanaccounts have been reported to have witnessed about Rs 20,000 crore being deposited so far. The amount is equivalent to 50 percent of the total deposits in these accounts in the last two years since its launch, Business Standard reported.


Levying the heavy tax would help prevent black money holders from avoiding existing income tax act provisions. This means the government will be able to tax all the unaccounted money being deposited in the bank accounts.
Sources told the Press Trust of India that the government plans to introduce changes to the Income Tax Act during the winter session of parliament to levy a tax, which would be higher than 45 percent.

The government may also discuss imposing a limit on hoarding gold but it is not clear if the proposal would be discussed at the Cabinet meeting to be chaired by Prime Minister Narendra Modi on Friday.

 

[vgane]

Why not have a bank notes with expiration dates. That way all black money will have to exchanged for new money at the bank say every 10 years.

That will not prevent counterfeit notes with similar expiry date feature...If the problem of black money & counterfeit currency is huge only demonetization can purge that!

 

[prasad1]

Modi’s motive was clear: he sought to take account of each of the big bills in circulation. Of the `15 trillion that needed to be turned in at banks, about a third wouldn’t be deposited, the government’s lawyer told the Supreme Court.

However, as the days rolled on, it became increasingly clear that the logistics weren’t completely thought through. To pump out the new notes, cash machines needed to be refitted, which banks scrambled to do after being caught unaware. Printing the required number of new notes could itself take as long as six more months, according to some estimates.

Alternative payment providers saw their window of opportunity. Mobile wallet companies such as Paytm and Freecharge.in reported a jump in transactions. Again, most of this came from cities and towns. Most of India, data show, is unfamiliar with the available options.
One reason for the lack of technological options is that the availability of third-generation mobile spectrum and broadband is limited. Of India’s 1.3 billion population, less than 300 million use the Internet. Of the total number of Indians who own a mobile phone, only about 26% have smartphones, which are essential to run payment apps.

The relatively low penetration of smartphones in India is because the cost of a smartphone is prohibitively high in the nation with the lowest living standards among major emerging markets.

That leaves Indians back where they started—relying on cash for their daily survival, but not getting quite enough of it. Bloomberg.

 

[tbs]

Modi’s motive was clear: he sought to take account of each of the big bills in circulation. Of the `15 trillion that needed to be turned in at banks, about a third wouldn’t be deposited, the government’s lawyer told the Supreme Court.

However, as the days rolled on, it became increasingly clear that the logistics weren’t completely thought through. To pump out the new notes, cash machines needed to be refitted, which banks scrambled to do after being caught unaware. Printing the required number of new notes could itself take as long as six more months, according to some estimates.

Alternative payment providers saw their window of opportunity. Mobile wallet companies such as Paytm and Freecharge.in reported a jump in transactions. Again, most of this came from cities and towns. Most of India, data show, is unfamiliar with the available options.
One reason for the lack of technological options is that the availability of third-generation mobile spectrum and broadband is limited. Of India’s 1.3 billion population, less than 300 million use the Internet. Of the total number of Indians who own a mobile phone, only about 26% have smartphones, which are essential to run payment apps.

The relatively low penetration of smartphones in India is because the cost of a smartphone is prohibitively high in the nation with the lowest living standards among major emerging markets.

That leaves Indians back where they started—relying on cash for their daily survival, but not getting quite enough of it. Bloomberg.

hi sir,

what abt NRIs money?.....i heard that even US based indian banks branches not helping its own ppl...i heard many parents

suffering...becoz their money after their six months stay....their notes are in valid...

 

[prasad1]

hi sir,

what abt NRIs money?.....i heard that even US based indian banks branches not helping its own ppl...i heard many parents

suffering...becoz their money after their six months stay....their notes are in valid...

Most of the NRI's go to India during winter months. Then some NRI's are rich and Rs 20-50 thousand to them is nothing. So no one is really shedding any tears for them.

 

[tbs]

Most of the NRI's go to India during winter months. Then some NRI's are rich and Rs 20-50 thousand to them is nothing. So no one is really shedding any tears for them.

hi sir

Thanks...now i am in chennai now.....i am leaving from india to USA tomorrow....

 

[GANESH65]

[h=1]Old Rs. 500 notes can be used for buying fuel, air tickets only till tomorrow[/h]

The deadline for using old Rs. 500 notes at petrol pumps and for airline tickets at airports has been cut short to December 2, instead of December 15, as announced earlier, a government notification said.
While junking old Rs. 500 and Rs. 1,000 rupee notes on November 8, the government had allowed their use for utility bill payments for 72 hours.
This deadline was extended twice and when the last one was to expire on November 24, it amended it to state that only the old Rs. 500 notes could be used for payment of utility bills like electricity and water, school fees, pre-paid mobile top-up, fuel purchase and airline ticket booking.



The old note will continue to be accepted for other utility bill payments as well as at railway ticketing counters and counters of government or public sector undertaking buses for purchase of bus tickets till December 15.
Also, the government has dropped its earlier announced plan to allow the use of Rs. 500 notes for payment of toll at national highways from December 3.
Toll payment in both old Rs. 500 and Rs. 1,000 notes was accepted till December 2, and from December 3, it was to be limited to Rs. 500 notes. But now, this facility too has been withdrawn.
Sources said the move to curtail use of old notes at petrol pumps and highway toll plazas follows reports of the facility being misused to launder black money.

http://www.thehindu.com/news/nation...ickets-only-till-tomorrow/article16735184.ece

 

[GANESH65]

Such frequent changes reveals how such a serious issue is being handled!

 

[GANESH65]

[h=1]http://www.livemint.com/Politics/BksOqRkfiJahcnc6dZc0oI/RBI-notifications-on-demonetisation-since-8-November.html

RBI notifications on demonetisation since 8 November[/h][FONT=&quot]Here is a list of the RBI notifications as they have been issued and modified since 8 November[/FONT]
[FONT=&quot]
New Delhi: The Reserve Bank of India has issued a series of notifications on rules and regulations to implement the Narendra Modi government’s decision to demonetise old Rs500, Rs1,000 notes on 8 November. The RBI has periodically changed the rules on cash withdrawal and deposits at banks through the notifications.[/FONT]
[FONT=&quot]Here is a list of the RBI notifications as they have evolved:[/FONT]
[FONT=&quot]8 November[/FONT]
[FONT=&quot]■ RBI issues enabling instructions to banks after Prime Minister Narendra Modi’s announcement on demonetisation.[/FONT]
[FONT=&quot]■ RBI asks banks to allow exchange of old notes up to Rs4,000, over-the-counter (OTC) withdrawal of up to Rs10,000 per day aggregating to Rs20,000 per week, limit ATM transactions to Rs2,000 per day per card, which would then be raised to Rs4,000 from 19 November.[/FONT]
[FONT=&quot]■ RBI puts up FAQs (frequently asked questions) on its website asking the public to be calm, saying that exchange of old notes will be available till 30 December.[/FONT]
[FONT=&quot]■ RBI says that banks and ATMs would be shut on 9 November.[/FONT]
[FONT=&quot]Read more on demonetisation[/FONT]
[FONT=&quot]9 November[/FONT]
[FONT=&quot]■ RBI issues guidelines around ATM recalibration to ensure Rs500 and Rs1,000 notes are not dispensed to public.[/FONT]
[FONT=&quot]■ RBI asks banks to ensure that adequate Rs100 notes are available to ATM companies.[/FONT]
[FONT=&quot]■ RBI asks banks to keep branches open on 12 November (Saturday) and 13 November (Sunday) as regular working days.[/FONT]
[FONT=&quot]10 November[/FONT]
[FONT=&quot]■ RBI clarifies that daily OTC limit of Rs10,000 is not applicable on withdrawals by interbank transfers, post offices, airport money changers and white label ATM manufacturers.[/FONT]
[FONT=&quot]■ RBI says payment systems such as NEFT (National Electronic Funds Transfer), RTGS (Real-time gross settlement systems) and cheque clearing will remain open on 12 and 13 November.[/FONT]
[FONT=&quot]11 November[/FONT]
[FONT=&quot]■ RBI asks banks and other financial services companies to offer pre-paid instruments to foreign tourists in exchange of foreign exchange tendered.[/FONT]
[FONT=&quot]Also read: Cash deposit: RBI changes rules again[/FONT]
[FONT=&quot]■ RBI asks banks to monitor and report amounts debited to bank accounts and instances of counterfeit notes while exchanging.[/FONT]
[FONT=&quot]■ RBI says government departments may be allowed to withdraw more than Rs10,000 a day OTC, after submitting request in writing and at the discretion of branch officer.[/FONT]
[FONT=&quot]■ RBI issues statement reassuring the public at large about availability of cash in the banking system, asks them to maintain patience and exchange currency at convenience.[/FONT]
[FONT=&quot]12 November[/FONT]
[FONT=&quot]■ RBI urges public to utilise alternative payment facilities.[/FONT]
[FONT=&quot]13 November[/FONT]
[FONT=&quot]■ RBI revises daily exchange limit to Rs4,500, ATM withdrawal limit to Rs2,500 and weekly OTC withdrawal limit to Rs24,000.[/FONT]
[FONT=&quot]■ RBI asks banks to make separate queues for old and disabled bank customers.[/FONT]
[FONT=&quot]■ RBI asks banks to monitor and report daily withdrawals by bank account holders at ATMs and OTC.[/FONT]
[FONT=&quot]14 November[/FONT]
[FONT=&quot]■ RBI asks banks to waive ATM charges on withdrawals between 10 November and 30 December.[/FONT]
[FONT=&quot]■ RBI constitutes task force to oversee recalibration and reactivation of ATMs, under deputy governor S.S. Mundra.[/FONT]
[FONT=&quot]Also read: Five things that shaped RBI policy in 2016[/FONT]
[FONT=&quot]■ RBI allows current account holders to withdraw up to Rs50,000 a week, all in Rs2,000 denomination notes.[/FONT]
[FONT=&quot]■ RBI allows banks to hire retired employees for a short period of time to reduce work load at branches.[/FONT]
[FONT=&quot]■ RBI asks banks to open bank accounts for workers at plantations, sugar cooperatives, dairy farms and other such groups.[/FONT]
[FONT=&quot]■ RBI asks banks to use mobile vans to allow exchange, deposit and withdrawal services in unbanked areas.[/FONT]
[FONT=&quot]15 November[/FONT]
[FONT=&quot]■ RBI asks banks to use indelible ink on right index finger of customers who have exchanged cash at their counters, to avoid repeated requests.[/FONT]
[FONT=&quot]16 November[/FONT]
[FONT=&quot]■ RBI asks banks to collect PAN (permanent account number) details of customers depositing more than Rs50,000 in bank accounts not seeded with PAN.[/FONT]
[FONT=&quot]17 November[/FONT]
[FONT=&quot]■ RBI revises limit for OTC exchange to Rs2,000, available only once to a person.[/FONT]
[FONT=&quot]■ RBI reiterates the availability of cash and asks customers to maintain patience and not hoard cash.[/FONT]
[FONT=&quot]18 November[/FONT]
[FONT=&quot]■ RBI allows merchants to enable withdrawal facility of up to Rs2,000 per day at their point of sale terminals, without any charges.[/FONT]
[FONT=&quot]20 November[/FONT]
[FONT=&quot]■ RBI refuses to change ATM withdrawal limits from Rs2,500.[/FONT]
[FONT=&quot]21 November[/FONT]
[FONT=&quot]■ RBI announces that banks have received Rs5.44 trillion worth old high-denomination notes through deposits and exchange services.[/FONT]
[FONT=&quot]■ RBI allows farmers to withdraw up to Rs25,000 a week from their loan or deposit accounts.[/FONT]
[FONT=&quot]■ RBI allows traders registered with APMC (agricultural produce market committee) and mandis to withdraw up to Rs50,000 a week from their current accounts as well.[/FONT]
[FONT=&quot]22 November[/FONT]
[FONT=&quot]■ RBI enhances limits on prepaid payments services providers to load up to Rs20,000, instead of Rs10,000 before.[/FONT]
[FONT=&quot]23 November[/FONT]
[FONT=&quot]■ RBI asks banks to not accept demonetised notes in small savings schemes.[/FONT]
[FONT=&quot]24 November[/FONT]
[FONT=&quot]■ RBI discontinues old currency exchange services at banks and allows it only at RBI counters.[/FONT]
[FONT=&quot]■ RBI asks banks to ensure adequate cash supply for pensioners and armed forces personnel.[/FONT]
[FONT=&quot]■ RBI asks banks to use the deposit guarantee facility to move old currency notes from branches and decongest them.[/FONT]
[FONT=&quot]25 November[/FONT]
[FONT=&quot]■ RBI allows exchange of up to Rs5,000 per week for foreign tourists visiting India.[/FONT]
[FONT=&quot]■ RBI reiterates weekly withdrawal limit of Rs24,000.[/FONT]
[FONT=&quot]26 November[/FONT]
[FONT=&quot]■ RBI asks banks to maintain 100% cash reserve ratio on deposits garnered between 16 September and 11 November to manage excess liquidity.[/FONT]
[FONT=&quot]27 November[/FONT]
[FONT=&quot]■ RBI introduces district-level deposit guarantee scheme for branches to maintain old high-denomination notes they have.[/FONT]
[FONT=&quot]28 November[/FONT]
[FONT=&quot]■ RBI states that banks have garnered old high-denomination currency notes worth Rs8.45 trillion in deposits and exchange services from 10-27 November.[/FONT]
[FONT=&quot]■ RBI allows withdrawals beyond the Rs24,000 weekly limit to the limit of customers deposit legal tender in their bank accounts.[/FONT]
[FONT=&quot]30 November[/FONT]
[FONT=&quot]■ RBI limits withdrawals from Jan Dhan accounts to Rs10,000 per month.[/FONT]
[FONT=&quot]■ RBI allows higher withdrawals from Jan Dhan accounts at the discretion of branch managers.[/FONT]
[FONT=&quot]1 December[/FONT]
[FONT=&quot]■ RBI warns banks to not consider any fake guidelines being circulated in social media and only refer to the central bank’s website for clarity.[/FONT]
[FONT=&quot]2 December[/FONT]
[FONT=&quot]■ RBI announces revision of ceiling under market stabilisation scheme (MSS) to Rs6 trillion from Rs300 billion to manage excess liquidity.[/FONT]
[FONT=&quot]■ RBI advises large banks to equally distribute currency notes in their currency chests to their own branches and other smaller banks.[/FONT]
[FONT=&quot]6 December[/FONT]
[FONT=&quot]■ RBI asked the banks to ensure compliance of its instructions on activation of dormant accounts, customer due diligence and record management, “scrupulously”.[/FONT]
[FONT=&quot]12 December[/FONT]
[FONT=&quot]■ RBI has asked banks to report fake notes detected from the old currency notes collected on a daily basis. Its notification said banks have to submit branch-wise data on these fake notes received between 10 November and 30 December.[/FONT]
[FONT=&quot]13 December[/FONT]
[FONT=&quot]■ RBI has asked banks to preserve CCTV footage of operations at bank branches and currency chests to help law enforcement agencies in identifying people engaged in hoarding of new notes post demonetisation.[/FONT]
[FONT=&quot]15 December[/FONT]
[FONT=&quot]■ RBI imposed certain restrictions on withdrawal if more than Rs2 lakh has been deposited after 9 November in an account which has a balance of over Rs5 lakh.[/FONT]
[FONT=&quot]17 December[/FONT]
[FONT=&quot]■ RBI decided to slash merchant discount rate (MDR) charges on payments made through debit cards and do away with levies on small transactions through mobile phones and Internet from 1 January to 31 March to encourage digital transactions.[/FONT]
[FONT=&quot]19 December[/FONT]
[FONT=&quot]■ RBi places limit on deposits in old notes of Rs500 and Rs1,000 denomination in excess of Rs5,000 can be credited to an account only once by 31 December, that too after the depositor satisfactorily explains the reason behind the delay in depositing the money.[/FONT]
[FONT=&quot]■ In a clarification, RBI said banks can’t turn away customers depositing pre-2005 currency notes, including the junked Rs500 and Rs1,000 notes.[/FONT]
[FONT=&quot]21 December[/FONT]
[FONT=&quot]■ RBI removes restrictions on customers depositing old notes in excess of Rs5,000. An RBI circular said banks will not be questioning customers depositing old notes if their accounts are compliant under know your customer (KYC) norms.[/FONT]

 

[Janaki Jambunathan]

Whatsup message received : -
நாம் ஏன் வரி கட்ட வேண்டும்?
அரசுக்கு ஏன் வரி தேவைப்படுகிறது?
ஒரு பொருளாதார அலசல்.!
----------------------------
வரிகள், எப்படி, அரசுக்கு மட்டுமல்ல, அதைச் செலுத்தும் குடிமகனுக்கும் பயன்தரக்கூடிய அத்தியாவசியமான ஒன்று என்பதை, பாமர மொழியில் அலசும் கட்டுரை.
----------------------------
ஒரு அரசாங்கத்துக்கு நாட்டை நிர்வகிக்க தங்கம் தேவை.! ஆனால், தங்கத்தை சந்தையில் அள்ளிவிட முடியாது என்பதால், அதற்க்கு சம மதிப்பு உள்ள ரூபாய் நோட்டுக்கள்! அவ்வளவே அடிப்படை!
இந்த ரூபாய் (அல்லது எந்த கரன்சியாயினும்) நோட்டுக்களை அச்சடித்து புழங்கவிடுவதை, IMF எனும் சர்வதேச நாணய நிதியம், கண்குத்திப் பாம்பாக கவனித்துக் கொண்டே இருக்கும்.! எந்த ஒரு நாட்டின் அரசும் சும்மா இஷ்டம் போல நோட்டுக்களை அடித்து புழக்கத்தில் விட முடியாது! அதற்க்கு இந்த IMF ஒப்புதல் தரவேண்டும்.!
ஆனால், எந்த மதிப்புக் கரன்ஸியை வேண்டுமானாலும் (1, 5, 10, 20, 50, 100, 500, 1000…. என !) அடிக்கலாம்... என்ன,... அடித்து புழக்கத்தில் இருக்கும் நோட்டுக்களுக்கு சமமான மதிப்பில் (எடையில்) தங்கம் கையிருப்பு அரசிடம் இருக்க வேண்டும்.
சரி. இப்பொழுது, நம் நாட்டோடு இன்னொரு நாட்டை ஒப்பிடலாம் - அமெரிக்காவையும் இந்தியாவையும்! அமெரிக்காவைத் தேர்ந்தெடுத்ததற்குக் காரணம்,... நாம் எப்பொழுதுமே அமெரிக்காவையே உதாரணமாகக் கொண்டு பழகியுள்ளோம்!
--------------------------
கணக்கிடுவதற்காக, சில கற்பனை உதாரண மதிப்புக்களை / எண்களை எடுத்துக்கொள்வோம்:
துவக்கத்தில், அமேரிக்காவிடமும் இந்தியாவிடமும் சமமாக, 1 கிலோ (1000 கிராம்) தங்கம், கையிருப்புள்ளதாக வைத்துக் கொள்வோம்.
இப்பொழுது:
அமேரிக்கா, மொத்தம் ஆயிரம் டாலர் மதிப்புக்கு, 1 டாலர் நோட்டுக்கள் 1000 அச்சடிக்கிறது என்று வைத்துக்கொள்வோம். அதாவது (தங்கம் இருப்பைக் கணக்கில் கொண்டால்), 1 கிராம் தங்கம் 1 டாலருக்கு சமம்! சரியா!
இந்தியாவும், அதே போல், ஆயிரம் ரூபாய் மதிப்புக்கு இணையாக 1000 ஒரு ரூபாய் நோட்டுக்களை அச்சடிக்கிறது.! அதாவது ஒரு கிராம் தங்கத்துக்கு, ஒரு ரூபாய் மதிப்பு!
இப்பொழுது பார்த்தீர்களானால், ஒரு அமெரிக்க டாலரும் கூட, ஒரு இந்திய ரூபாய்க்கு சரி நிகர் மதிப்பே! ஒரு அமெரிக்க டாலர் = ஒரு இந்திய ரூபாய் மட்டுமே!
இப்பொழுது,
அமெரிக்க அரசாங்கம் ஆயிரம் ஒரு டாலர் நோட்டுக்களை புழக்கத்தில் இறக்கி, அதிலிருந்து, ஒவ்வொரு பரிவர்த்தனைக்கு, 20 சதவீதம் வரியாக இலக்கு வைக்கிறது. அதன் மூலமாக, 200 டாலர்கள் வரியாக திரும்பப் பெறுகிறது.
இந்த 200 டாலர்களை வைத்து, இன்னமும் ஒரு 200 கிராம்கள் தங்கத்தை வாங்கி, அதற்க்கு இணையாக இன்னமும் ஒரு 200 ஒரு டாலர் நோட்டுக்களை அச்சடித்து, புழக்கத்தில் விடுகிறது! ஆக மொத்தம், தற்போழுது, அமெரிக்க அரசாங்கத்திடம் 1200 கிராம் தங்கமும், அமெரிக்க சந்தையில் அந்தத் தங்கத்துக்கு இணையாக 1200 டாலர் நோட்டுக்களும் புழக்கத்தில் உள்ளன! ஆயினும், ஒரு கிராம் தங்கம் = ஒரு டாலர் மட்டுமே!
இந்த பொருளாதாரம், இதே போன்று விரிவடைந்து, மேலும் தங்கம்-மேலும் டாலர் நோட்டுக்கள், என, எவ்வளவு வளரும் பொழுதும், ஒரு கிராம் தங்கம் ஒரு டாலருக்கு நிகராகவே இருக்கும் - இலக்கு வைத்த வரிவிகிதம் முழுமையாக வசூலாகும்வரை!.
இப்பொழுது, இந்தியாவுக்கு வருவோம்.!
இந்திய அரசும் அமேரிக்கா போலவே 1000 ஒரு ரூபாய் நோட்டுக்களை அச்சடித்து புழக்கத்தில் விட்டு, அதிலிருந்து 20% வரியாக வசூலாக இலக்கு வைக்கும். ஆனால், அசல் வரிவசூலோ,.. வெறும் 50 ரூபாய்கள் மட்டுமே (என்று வைத்துக்கொள்வோம்!).!! அதாவது, புழக்கத்தில் விட்ட 1000 ரூபாய்களில், வெறும் 250 ரூபாய்கள் மட்டுமே அதிகாரபூர்வமாக, பரிவர்த்தனை செய்யப்பட்டது! மிச்சம் 750 ரூபாய்கள், வரி செலுத்த விருப்பம் இல்லாதவர்களால், கணக்கில் வராமல் புழங்கத் தொடங்கி விட்டது! இதுதான் கருப்புப்பணம்.!
இந்த 750 ரூபாய்கள், சந்தையில் புழக்கத்தில் இருந்தாலும் கூட, இது அரசின் வரவு செலவுக் கணக்குகளில் பதிவாவதில்லை.! ஆக, அரசுக் கணக்குப்படி, நாட்டில் புழக்கத்தில் வெறும் 250 ரூபாய்கள் மட்டுமே இருப்பதாக கணக்கில் கொள்ளப்படும் (சந்தையில் மிச்சம் 750 ரூபாய்கள் நிஜத்தில் இருந்தாலும் கூட!).! இந்த கணக்கில் வராத 750 ரூபாய்கள் மூலம் நடக்கும் பரிவர்த்தனைதான், அரசின் கட்டுப்பாட்டில் இல்லாத, இணைப் பொருளாதாரம் என்பது!
சரி. இப்பொழுது, அரசு, தனக்கு கிடைத்த வரிப்பணம் 50 ரூபாய்களை வைத்து, மேலும் ஒரு 50 கிராம் தங்கம் மட்டுமே வாங்கி கையிருப்பை உயர்த்த முடியும்! தவிர, அதற்க்கு இணையாக இன்னமும் ஒரு 50 ஒரு ரூபாய் நோட்டுக்களை மட்டும் அச்சடித்து வெளிவிட முடியும்! இப்பொழுது சந்தையில் (அதிகாரபூர்வமாக) உள்ள இந்திய ரூபாய்கள் வெறும் 300 ரூபாய்கள் மட்டுமே! (ரூ.250 + ரூ.50). ஆனால், அசலாக அரசு அச்சடித்து வெளியிட்ட 1000 + 50 சேர்ந்து, மொத்தம் 1050 ரூபாய்கள் கணக்கில் இருந்திருக்க வேண்டும்!
எது எப்படி இருந்தாலும், அரசு, மேலும் நோட்டுக்களை அச்சடித்து சந்தையில் வெளியிட்டே ஆகவேண்டும் - காரணம், ஏற்க்கெனவே வெளியிட்ட 750 ரூபாய்கள் அதிகாரபூர்வமாக கணக்கில் வராமல் "காணாமல் போய்விட்டதல்லவா"? எனவே, அரசு அந்த விடுபட்ட 750 ரூபாய்களை அச்சடித்து வெளிவிட முடிவெடுக்கிறது!
இப்பொழுது வருகிறார் கண்குத்திப்பாம்பு IMF ! "நீங்க அதுமாதிரி எல்லாம் இஷ்டத்துக்கு அச்சடிக்க முடியாது.! உங்க தங்கம் கையிருப்புக்கு இணையாகத்தான் நோட்டுக்கள் வெளிவிடமுடியும்!" என்கிறார் அவர்! ஆனால், இந்திய அரசோ, நோட்டு அச்சடித்தே தீரவேண்டும் என்று ஆடம் பிடிக்கும் பொழுது, IMF சொல்லும்: "உன் ரூபாயின் மதிப்பை, நிகராக நீயே குறைத்துவிட்டு, மேலும் நோட்டுக்களை அச்சடித்துக்கொள்!", என்று! அரசுக்கு வேறு வழி கிடையாது! காரணம், அது, வெளியிட்ட நோட்டுக்களுக்கு, இலக்கு வைத்த வரி 100% வசூலாகவில்லை! அதனால், மேலும் (அமேரிக்கா போல) தங்கம் வாங்கி கையிருப்பை உயர்த்த முடியவில்லை! அதனால், கணக்குப் போட்டு, ரூபாயின் மதிப்பை தானே குறைத்து அறிவித்துவிட்டு, மேலும் 750 ரூபாய் நோட்டுக்களை அச்சடித்து புழக்கத்தில் விடுகிறது, இந்திய அரசு! இப்பொழுது, மொத்தம் 1800 ரூபாய்கள் அச்சடித்து புழக்கத்தில் உள்ளது 1000 + 50 + 750) - ஆனால், அரசின் வசம், வெறும் 1050 கிராம் தங்கம் மட்டுமே கையிருப்பு உள்ளது!
ஆக,.. இப்பொழுது, இந்திய ரூபாயின் மதிப்பு, ரூ.1 இல் இருந்து, ரூ.1.71 என ஆகி விட்டது! (1800 ஐ 1050ஆல் வகுத்தால் = 1.71)
அதாவது, மேற்சொன்ன அமெரிக்க டாலரை ஒப்பிடும் பொழுது, 1 டாலருக்கு சமமாக இருந்த இந்திய ரூபாய், இப்பொழுது ரூ.1.71 என வீழ்ச்சி அடைந்துவிட்டது! $1 = Rs.1.71 !
இதேபோல், நோட்டுக்களை, சந்தைத் தேவைக்கு ஏற்றாற்போல் அடித்து வெளிவிட வெளிவிட, ரூபாயின் மதிப்பு ஒவ்வொரு முறையும் குறைந்துகொண்டே வருகிறது! ஆனால், கையிருப்பு தங்கம் மட்டும், வெளிவந்த நோட்டுக்களுக்கு சமமாக கூடுவதே இல்லை!
இதனால்தான், ... இன்று, ஒரு அமெரிக்க டாலர் = Rs. 67.80 என வந்து நிற்கிறது!
இந்திய அரசும் 100 % இலக்கு வைத்த வரிகளை வசூலித்திருக்குமானால், நம் இந்திய ரூபாயின் மதிப்பு இவ்வளவு கேவலமாக சரிந்திருக்கவே சரிந்திருக்காது!
இப்பொழுது, உங்களுக்கு வரிகளின் முக்கியத்துவமும், பொதுமக்களுக்கு அதனால் (மறைமுகமாக) கிடைக்கும் பலன்களும் ஓரளவு புரிந்திருக்கும் என நினைக்கிறேன்! நிலையான வலுவான ரூபாயில், வீடு, நிலம், பொருட்களின் விலை மிகவும் குறைவாகவே இருக்கும்!
இந்த ஒற்றைக் காரணத்தால், அமெரிக்கா, உலகின் மிகப் பணக்கார நாடாக அறியப்படுகிறது! காரணம், அங்கு கிட்டத்தட்ட 95% குடிமக்கள் வரி செலுத்துகின்றனர்!
ஆனால், இந்தியாவில்? யாராலாவது, ஊகிக்க முடியுமா?
percentage of taxpayers in India என்று கூகிள் செய்து தேடிப்பாருங்கள்!
நல்ல இந்தியக் குடிமகன் தலையை வெட்கத்தில் தொங்கவிட்டுக் கொள்வான்!
ஆம்.! வெறும் 1% க்கும் குறைவானவர்களே இந்தியாவில் வரி செலுத்துபவர்கள்!
நாம், நம் நாட்டில் அமெரிக்காவுக்கு இணையான சமூகப் பாதுகாப்பு, கட்டமைப்பு வசதிகள், சுத்தம், சுகாதாரம், வெட்டில்லாத மின்சாரம், பகல்போல ஒளிமயமான இரவு, உயர்தர வாழ்க்கை என எல்லாவற்றையும் எதிர்பார்க்கிறோம்! அங்கு இருக்கும் அவற்றை சிலாகித்து புகழ்ந்து பெருமூச்சு விடுகிறோம். ஆனால்,...
அவர்கள் போல, ஒட்டுமொத்த சமூகமாக வரி செலுத்துகிறோமா? கள்ள/கறுப்புப் பணத்தை புறம் தள்ளுகிறோமா? நாடு முன்னேற, நம்மாலான பங்களிப்பை, வரிகள் வாயிலாக செய்கிறோமா? என்று யோசித்தால்,... கசப்பான விடை, "இல்லை" என்பதே ஆகும்!
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இந்த ஆய்வுக் கட்டுரை, நரேந்திர மோடி அவர்களை ஆதரித்து எழுதப்பட்டதோ, அல்லது ஐநூறு, ஆயிரம் செல்லாதென அறிவித்ததை ஆதரித்தோ,.. அல்ல.
படிக்கும் உங்களுக்கு, கறுப்புப் பணம், எப்படி உருவாகி, ஒரு நாட்டின் பொருளாதாரத்தை மிக மோசமாக பாதிக்கும், என்று எடுத்துக் காட்டவே!
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வாட்ஸாப்பில் கண்டதை, தமிழாக்கம்:

 

[GANESH65]

[h=1]Demonetisation: Cabinet to decide on note ban ordinance today; another promise breach on cards?[/h]
The Union Cabinet meeting today is likely to take up an ordinance to end the legal tender of the demonetised Rs 500 and Rs 1,000 notes, media reports say. The ordinance will also likely specify the date when the notes will become illegal, which is widely speculated to be 30 December.
There have also been reports saying the ordinance is likely to impose penalties on anyone possessing the junked notes beyond 30 December when the deadline to deposit them in banks expires.
However, there has not been any official word on the move.
[FONT=&quot]Reuters
[/FONT]
The ordinance will formalise the demonetisation, which was an executive decision announced on 8 November. According to a report in The Indian Express, which quotes a government official, this is a requirement as otherwise the demonetised notes will continue as a legal tender.
"If we do not put an end date on the legal character of the old notes, then they can be infinitely valid as a legal tender," the official has been quoted as saying in the report. Explaining the rationale, he also said ending the legal tender of all notes on 30 December is important as it will clear the uncertainty for the government on how much money has flown into the system.



The ordinance will extinguish the liability of the government and RBI towards the promise to pay the bearer of these notes their value because of a statutory requirement.
In 1978 a similar ordinance was issued to end the government's liability after Rs 1,000, Rs 5,000 and Rs 10,000 notes were demonetised by the Janata Party government under Morarji Desai.
According to the official cited in the IE report, the deposit of old notes will be allowed after 30 only in cases of exigencies. A Times of India report notes that the depositor of old notes will have to give reasons for doing so. The report also says possession of old notes will be allowed for research and numismatics purposes.
However, if the government decides the cut-off date as 30 December that will be another breach of promise by the government and the RBI. Prime minister Narendra Modi had on 8 November said the RBI window to deposit these notes will remain open beyond 30 December until 31 March. An ordinance that seeks to end the deposits on 30 December would mean the government and the RBI are going back on another promise they made to the common man.
The government had while announcing the demonetisation of the old currency allowed holders to either exchange them or deposit in bank and post office accounts. While the facility to exchange the old notes has since been withdrawn, depositors have time until Friday to deposit the holding in their accounts at the bank branches.
Media reports earlier said there could be a cap of holding no more than 10 notes of each after 30 December and violation of the rule could draw a fine of a minimum of Rs 50,000 or 5 times the amount in question — whichever is higher. However, there was no confirmation on this.
For those depositing any accounted funds, or black money, it has offered them an amnesty provided they paid 50 percent of it as tax and penalties and parked a quarter of it in a zero-interest bearing deposit for four years.
Out of the Rs 15.44 lakh crore worth of 500 and 1000 rupee notes in circulation on November 8, close to Rs 13 lakh crore have been deposited in accounts or exchanged for valid currency.

 

[GANESH65]

[h=1]Demonetisation ordinance passed: Holding old notes a criminal offence post 31 March[/h]The Cabinet today cleared promulgation of an ordinance to penalise persons holding demonetised Rs 500 and Rs 1,000 notes after 31 March, when the deadline to deposit these notes at the RBI window ends.
As per the ordinance named the Specified Bank Notes Cessation of Liabilities Ordinance, holding these notes after 31 March deadline would be a criminal offence, say some of the media reports.
The Cabinet today approved promulgation of an ordinance to impose a penalty, including a jail term, for possession of the scrapped 500 and 1,000 rupee notes beyond a cut-off.
The Cabinet headed by Prime Minister Narendra Modi also approved an ordinance to amend the RBI Act to extinguish the liability of the government and the central bank on the demonetised high-denomination notes to prevent future litigations.
According to government sources cited by CNBC-TV18, those who hold old notes after 31 March is likely to face 4-year jail term and also those who transact in old notes is likely to face a penalty of Rs 5,000.

However, a PTI report said the official sources did not say if the penal provisions would apply for holding the junked currency after the 50-day window to deposit them in banks ends as of December 30 or after March 31, till which time deposit of old currency notes at specified branches of the Reserve Bank after submitting a declaration form is open.
The ordinance will extinguish the liability of the government and RBI towards the promise to pay the bearer of these notes their value because of a statutory requirement.
In 1978 a similar ordinance was issued to end the government's liability after Rs 1,000, Rs 5,000 and Rs 10,000 notes were demonetised by the Janata Party government under Morarji Desai.
A PTI report citing sources in the government said the ordinance is being brought as it was found to be necessary to prevent future litigations against the government for junking Rs 500 and Rs 1,000 notes.

Seeking to prevent harassment and any ambiguity, a proviso would be added to ensure that certain category of people can still deposit the old notes in RBI branches between 31 December and 31 March next, said the report.
The government had, while announcing the demonetisation of the old currency on 8 November, allowed holders to either exchange them or deposit in bank and post office accounts.
While the facility to exchange the old notes has since been withdrawn, depositors have time till Friday to deposit the holding in their accounts.
http://www.firstpost.com/politics/d...a-criminal-offence-post-31-march-3177334.html

 

[GANESH65]

While whole of India is realing under severe cash crunch a film quitely makes millions!!



Aamir Khan’s Dangal crosses the 150 crore mark in 5 days

Aamir Khan’s Dangal has crossed the 150 crore mark in 5 days, becoming only the second film to average 30 crore or more over a 5-day period. It has also become only the 16th film all time to to cross the 150 crore mark.Dangal has collected approximately 155 crore in 5 days, the average per day collection is a mind-boggling 31 crore.


http://www.indicine.com/movies/bollywood/aamir-khans-dangal-crosses-150-crore-mark-5-days/

 

[GANESH65]

[h=1]Rs 1 crore and more deposited in 400 accounts in MP, Chhattisgarh: I-T[/h][h=2]The officer outrightly denied that they were under pressure in the case given that the BJP governments were at the Centre and the state.[/h]
[FONT=&quot]An amount of Rs one crore or more have been deposited in 400 bank accounts of people in Madhya Pradesh and Chhattisgarh post-demonetisation, a senior I-T official said today.[/FONT]
[FONT=&quot]“An amount of Rs one crore or more — in some cases even Rs 4 crore or Rs 5 crore have been deposited in 400 bank accounts of people in MP and Chhattisgarh, post-demonetisation,” Abrar Ahmed, Principal Chief Commissioner of I-T for the two states told reporters here.[/FONT]
[FONT=&quot]“We have started issuing notices to such account holders,” he added.[/FONT]
[FONT=&quot]To a query, the official did not rule out the possibility of such transactions taking place in the accounts of politicians, but immediately added that since investigations were on, it was not proper to comment over it.[/FONT]
[FONT=&quot]To a question as to why I-T has not yet disclosed the outcome of searches at BJP leader Sushil Vaswani’s places here two days ago, Ahmed said the investigation wing was still working on it.[/FONT]
[FONT=&quot]“We might come out with the result of the searches tomorrow,” he added.[/FONT]
[FONT=&quot]The officer outrightly denied that they were under pressure in the case given that the BJP governments were at the Centre and the state. The taxation and investment regime for Pradhan Mantri Garib Kalyan Yojana (PMGKY) has commenced from December 17 and will remain open till March 31, 2017, Ahmed said.[/FONT]
[FONT=&quot]Under the scheme, he said declaration can be made by any person in respect of undisclosed income in the form of cash or deposits in an account with bank or post office or specified entity, he added.[/FONT]
[FONT=&quot]Besides, he said that under the scheme, the demonetised 500 and 1,000 rupee notes can be deposited by December 30.
http://indianexpress.com/article/in...n-400-accounts-in-mpchhattisgarh-i-t-4440690/

[/FONT]

 

[tbs]

hi

if many cinema stars/politicians are behave trust worthy/proper tax pay....then india will be a shiining star in the world...

we can SUPER RICH NATION IN THE WORLD...in reality....we are UNLUCKY....WE ARE STILL POOR COUNTRY...

 

[prasad1]

[FONT=&quot]A Hyderabad-based businessman was arrested on Wednesday for allegedly cheating and generating ‘fake and fictitious’ advance payment receipts to deposit “black money” to the tune of Rs 98 crore in banks following demonetisation of Rs 500 and Rs 1000 tenders last month.[/FONT]
[FONT=&quot]Besides Kailash Chand Gupta (65), his kin and others have also been booked by the police under various sections of IPC for their alleged role in the “conspiracy”.[/FONT]
[FONT=&quot]Central Crime Station, a wing of Hyderabad Police, arrested Gupta for his alleged involvement in cheating and manipulation of records for illegal gain post demonetisation.[/FONT]
[FONT=&quot]Another businessman Naredi Narender Kumar (59), MD of a private firm and brother-in-law of Gupta, was also arrested for abetment and hiding Gupta from police.[/FONT]
[FONT=&quot]Gupta ran three jewellery and bullion firms with his two sons, a daughter-in-law and another woman as directors.[/FONT]
[FONT=&quot]After demonetisation, Gupta, along with his sons Nitin and Nikhil, daughter-in-law Neha and others, conspired and hatched a plan to convert their black money by depositing it with banks by generating fake and fabricated receipts for wrongful gains which caused loss to Government of India, stated a release from Hyderabad Police.[/FONT]
[FONT=&quot]Accordingly, the accused persons generated fake and fictitious advance payment receipts, purported to be acquired from about 3100 customers, for an amount of Rs 57.85 crore in name of their firm Musaddilal Gems and Jewelers Private Ltd.[/FONT]
[FONT=&quot]They also allegedly produced fictitious advance payment receipts for Rs 40 crore in name of another firm, Vaishnavi Bullion Private Ltd, claimed to be acquired from about 2100 customers, and issued computerised receipts for the same, police said.[/FONT]
[FONT=&quot]“All the said receipts were shown to have received between 9 PM and 12 midnight on November 8, and they subsequently got the amounts deposited at SBI, Panjagutta branch and Axis Bank, Banjara Hills branch respectively,” it said.

http://www.hindustantimes.com/india...ts-arrested/story-ONxK3bS5loojMD9tIk0uPO.html[/FONT]