2000 rupee note exchange will be problematic
Why Demonetisation in 2016 was a scam. And so, why 2023's Rs2000 note exchange is the scam repeat. Here is how it works:
Suppose you have Rs 20 lakh in black in Rs 2000notes. You can't deposit it in your account bcoz it's unaccounted for.
Contact a bank manager. Tell him he can keep 10% as commission...or Rs 2 lakh.
Manager digs into the vast repository of Aadhar of his account holders.
All he needs is 100 aadhaar to fill the request slips, deposit the Rs 20 lakh & exchange it with other denomination notes
This will play out across branches all around the country. Its what happened in 2016. It will happen again in the next 4 months.
If the need was to unearth black money or destroy it, the solution was simple--no exchange, only deposit in the bank accounts.
The option to exchange is a loophole kept deliberately to facilitate corruption.
Bouquets and Brickbats welcome! more
Suppose you have Rs 20 lakh in black in Rs 2000notes. You can't deposit it in your account bcoz it's unaccounted for.
Contact a bank manager. Tell him he can keep 10% as commission...or Rs 2 lakh.
Manager digs into the vast repository of Aadhar of his account holders.
All he needs is 100 aadhaar to fill the request slips, deposit the Rs 20 lakh & exchange it with other denomination notes
This will play out across branches all around the country. Its what happened in 2016. It will happen again in the next 4 months.
If the need was to unearth black money or destroy it, the solution was simple--no exchange, only deposit in the bank accounts.
The option to exchange is a loophole kept deliberately to facilitate corruption.
Bouquets and Brickbats welcome! more
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Only to help black money holders to make everything white. It should be made to route through their respective bank accounts more
May 24
this will be another scam as bank will not ask to fill form. nor ask for adhar or pan card . without name of depositors balck money of 2000 notes will be allowed to exchage more
May 24
How many millionaire are there in India. All ex and present government employees. ( except 10%).State central government PSU and 50% of private sector. Schools in private are poor. Even most of the producers of agriculture ( not less than 70%). That leaves poorest of poor to 5%. Not meeting ends is 25% Not really poor 5%. Then of 65% we don't get even 20% submit their Tax returns ( Agriculture segment is devoid of returns)(Society and other professional services avoid, finding loop holes) We are poor in economic activity and not in development more
May 23
Only Wealthy peoples, Politicians , Political Parties Black marketers having these notes. It was easy to handle. Common Peoples Do not have these & if they have just deposit in their account & finish the matter. Not to cry on social media. The Peoples are foolish who are crying . In fact their crying for to save their unaccounted money. more
May 23
