Solving Cash problem
If Government
1) declares that there will be second demonetization of Rs 2000 currency in next six months ,
2) circulate Rs 100 , 50, 20 ,10 notes in place of Rs 2000 currency total value ,
3)fix the limit of the cash transaction up to 2000 /- ,
4) Enforce the Higher transaction above 2000/- through cards & cheques only
then the problem of cash will automatically end .
We will find that all the banks / ATM will be full of cash .
Without the demonetization of Rs 2000 currency
and fixing limit of cash transaction up to Rs 2000/-,
it will not be possible to bring out 70 % black money which is converted in the form of Rs 2000 currency now . more
1) declares that there will be second demonetization of Rs 2000 currency in next six months ,
2) circulate Rs 100 , 50, 20 ,10 notes in place of Rs 2000 currency total value ,
3)fix the limit of the cash transaction up to 2000 /- ,
4) Enforce the Higher transaction above 2000/- through cards & cheques only
then the problem of cash will automatically end .
We will find that all the banks / ATM will be full of cash .
Without the demonetization of Rs 2000 currency
and fixing limit of cash transaction up to Rs 2000/-,
it will not be possible to bring out 70 % black money which is converted in the form of Rs 2000 currency now . more
Viewed by 30
At present scenario,Indian economy cannot sustain cashless transanctions, but less cash transactions can be ensured by regulating circulation of currency. This may be ensured by discouraging cash transactions and encouraging transactions through Bank. To achieve this I suggest to introduce "Cash transaction tax" a certain amount of tax for both withdrawals and remittances in cash to be collected by the Bankers and cash received at sale points is also to be levied with this C.T.T. The tax may be collected as T.D.S. to be remitted to G.O.I. This system will ensure to gradually drive the people to the degitalised economy. more
Dec 19
1. Black Money drilling out operation is still to Start taking out the Concealed Wealth from its main places . 2. The present preliminary Step demonetizing the higher notes has to end with the demonetization of Rs.100 above replacing with the new Rs.200/- Notes which only is the appropriate means of arresting the Main Source of Corruption and increase of Black Money that forms the Concealed Wealth Mountains . 3. All the active and positive participants of these Circles are awaiting only this since December 2014 . So , any chance of giving any opportunity for continuance of Rs.100 and above will dilute and devalue the interest of these active and positive participants . Therefore , the Old Notes are not to be re-pumped as doubted by some . 4. Further , the NGOs and even the Political Parties are not to hold abnormal Money which is anti to the concept of the very provision . 5. The Supreme Court will definitely direct and stipulate conditions even to the Funds of Political Parties which are only contended for generation of funds for maintaining their Office and meet the Election Funds . Here , the legitimate Money that can be Stored or reserved shall be as per the norms and contentions of the Election Commission of India , or , the Chief Comptroller and Auditor General of India which will definitely confirms the stake of the Individual contesting and the assistance that the party has to extend . THEREFORE , BEING INTERESTED IN THE GENERAL PUBLIC AND THE NATION , WE HAVE TO PROPOSE , RECOMMEND AND EVEN DEMAND THAT POLITICAL PARTY FUNDS CANNOT BE MADE UNACCOUNTED AND CARRIED LIMITLESS . more
Dec 17
