AUDIT OF BANKS who exchange HIGHER CURRENCY
Sir, No doubt the step taken is too good and better to remove black money By Sh. Modi Govt. But there must be check on the banks exchanging higher currency with valid proofs. The money issued to banks must be checked and compared with the accounts maintained by the bank. As everyone knows there are lots of big fishes with higher demand and power. more
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Olden practice of some Banks accept/exchange cash in late hours in Bulk now may not be easy due to Security & Vigilance I think please . more
Nov 11
Hello! Yogeshver Saini , Our Union Finance Minister , H.E. Arun Jaitly , while appearing yesterday on National Television , said that India would launch Cashless Economic System sooner than latter . I heard this with my own ears . This coupled with your context is people to people oriented by being one-for-all vis-a-vis all-for-one generates emotional integration for a doubt-free onset of the Cashless Monetary Model or in other words , Numerical Monetary Model or still better worded as " Digital Money Books " . Each Citizen will get one Digital Money Book [ DMB ] displaying one's expenditure-income related Debit-Credit showing the levels of income of a Citizen at any point of Time . The size of a DMB is a normal back-pocket size and comfortably sits in any larger front-pockets and solar-powered from natural Sunlight free of cost .The DMB will assume far greater significance as it will wipeout both the Currency Notes as well as Bank pass-books in day-to-day economic lives of Citizens . more
Nov 11
Banks Staff really played their bound role in confidential carry of Currency I believe , upto Friday end and did not leak-out till 9th Morning that they are ready with New Currency . Such type of public administration had been made failed purposefully by the predecessors of rule in the country which routed to abundant Volume of Finance & Black Money/Wealth in many forms . more
Nov 10
