Confiscated new currency - release in to system
News about huge cache of new notes are coming . Cases can go on.If the source is not explained it is black and so record evidence ,book, him and the shortage of currency can be tackled to some extent by releasing this money in to system in the same area banks (city) where is taken out .
This will give some relief even if it is in Rs 2000- denomination in that region. more
This will give some relief even if it is in Rs 2000- denomination in that region. more
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Ten days back itself , AP Police Seized 50 Lakhs worth 2000 notes & arrested a Tamilian bringing the Cash from Chennai to Rajahmundry . They had also Seized 20 , 30 , and 20 lakhs etc., various places but only this new 2000 Notes . All these are being got exchanged through back-door and illegitimate options from Banks . There is much volume of such new currency which is going into various individual Accounts , and for utilization for purchase of Fertilizers and Pesticides besides being used in Daily Wholesale Business . All these monies are fully the Black Money and Concealed wealth and even that earned through Criminal means . Therefore , all the volumes of these currency has to be set for a different Account that is to be used for construction Government Schools & Colleges ; Government Hospitals , PHCs etc., and I fully support Sri Prabhakararao yerragunta . more
Dec 09
Govt. should identify ATMs where cash is loaded/available and make it public. Do not keep it a secret. more
Dec 09
More cash in market means more chances and opportunities to such corrupt people who are waiting to again launder black money in there safes, government should release only such amount that is essential to make market survive and culprits hoarding new currency an easy target to spot at least till 31 March 2017. more
Dec 09
