Currency Regulation
With so many intellects in our country I would like to ask that 'What would be the consequences if Finance Ministry and Reserve Bank Of India withdrew ₹1000 and ₹500 denominations with very short notice'.Well I think this will be very revolutionary step in bringing down inflation. more
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Dear Friends who have given their suggestions above should think once again about their ideas in terms of Governance. Have you every imagined the impact of demonetizing of Rs. 500 & Rs. 1000 notes on our economy & financial deals ? more
Jul 09
MORE CRIME CAN TAKE PLACE AND MORE OVER MOST OF OUR PRODUCTS HAVE AN FOREIGN ENDING. TO CARRY MORE CASH IS UNSAFE ALSO WE ARE NOT IN A STAGE TO CARRY TRANSACTION TROUGH BANKS AS INDIA 'S DOMINANT POPULATION ARE RESIDING IN VILLAGES. more
Jul 09
If RBI & FM withdraw 1000 & 500 note denominations, immediately, lakhs of crores stashed away as black money will become obsolete, and those who have stashed will try to find new ways to convert them into lower denominations (in which case they can find nothing). Alternative way to curb illegal money stashed away is, make a card payment for every transaction. For ex., a lifetime non-expiry card will be issued to anyone / everyone by a bank or a governing authority, which can be rechargeable at any bank / post office / petrol bank, etc., without any additional charges. While recharging, the name of the person will be recorded accordingly. By this way RBI / FM can do away with most of the paper cash money printing works. Also black money transactions can be minimized to a great extent. more
Jul 09
