New denomination of high value notes
MK VENUGOPAL
Bringing out 2000 denomination is not advisable, it will help the black marketers to store. Instead the RBI should have brought out lower denomination Rs 500 and 100 into circulation. There should have been more security strips for the new notes to avoid flake notes comes in to circulation. The Banks and other financial institution must monitor while exchanging the old to new denomination and quantum they supply to the institution for exchange. All the accounts must be monitored and large volume of credit is to be investigated. Up to three lac to a particular account should not be out of purview of income tax and these amount must have cumulative collection for years together in a family and these people should not be harassed .
No doubt that the step taken by our PM Mr. Modiji is a proper and timely needed steps and he should be appreciated for this action. It is needed for the time of hour. Any objection/criticism and other type of reaction from any corner including the opposition/political parties and any other high business people is to be treated as a worry for them and their inability to white their black accumulated money. We can forgo their speech and action.
I congratulate Mr Modiji and his entire team by keeping in such a secret way and not giving any room even to the politicians to get a chance to exchange their illegal amount they hold from years together and the sudden announcement made several people to give these amount just like a waste paper. Go Ahead Modiji with such reforms which our country to develop we the major portion of population are behind you to support you to eradicate the corruption/black money and terrorism. JAIHIND more
Bringing out 2000 denomination is not advisable, it will help the black marketers to store. Instead the RBI should have brought out lower denomination Rs 500 and 100 into circulation. There should have been more security strips for the new notes to avoid flake notes comes in to circulation. The Banks and other financial institution must monitor while exchanging the old to new denomination and quantum they supply to the institution for exchange. All the accounts must be monitored and large volume of credit is to be investigated. Up to three lac to a particular account should not be out of purview of income tax and these amount must have cumulative collection for years together in a family and these people should not be harassed .
No doubt that the step taken by our PM Mr. Modiji is a proper and timely needed steps and he should be appreciated for this action. It is needed for the time of hour. Any objection/criticism and other type of reaction from any corner including the opposition/political parties and any other high business people is to be treated as a worry for them and their inability to white their black accumulated money. We can forgo their speech and action.
I congratulate Mr Modiji and his entire team by keeping in such a secret way and not giving any room even to the politicians to get a chance to exchange their illegal amount they hold from years together and the sudden announcement made several people to give these amount just like a waste paper. Go Ahead Modiji with such reforms which our country to develop we the major portion of population are behind you to support you to eradicate the corruption/black money and terrorism. JAIHIND more
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The denomi of currency of 500 and 2000 Notes has some usefulness. But these Notes quantity in the money market to be less. Govt must ask the Citizen to use Debit/Credit Card for and above Rs.200/-. as a Purchasing Power in All the Transaction in any form/way . There should not be any charge on its Use. Thus all the transactions are made White. more
Nov 11
The step taken by our PM Mr. Modiji is a proper and timely and he should be appreciated for this action. Any objection/criticism and other type of reaction from any corner including the opposition/political parties and high business people is to be ignored. People at large have welcomed this in spite of facing difficulties & hardship. Political parties especially congress party branding electronic media as stooge of BJP for supoorting this move. Such reforms to develop our country, we are behind you &n support you to eradicate the corruption/black money and terrorism. I am not sure more
Nov 11
different individuals old,young,housewives have a different sving pattern .couple to this our indian tradition of gifting during festivals,marriages ,birthdays and various occasion make it much complex to negate the amount of such currency in possesion. I only hope there is no unnecessary harassesment by officials. more
Nov 10
