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| The measure will cause temporary hardship but was necessary keeping in mind rampant corruption and neighboring country’s nefarious design. Many opposition parties would be worried where to stash their crores of unaccounted money so many occasions them are making needless comments. Yes people will face some inconvenience but those with tonnes of black money will not find a place to hide. | |
| One more interesting aspect is that the Prime Minister in his statement is stating that the decision became inevitable in the light of growing terrorism as the terrorist groups are pushing the ammunition and weaponry using fake currency though the actually this is not. The issue of terror financing is one of the strategies adopted in International politics by different countries but never at the cost of its own citizen. The terrorist groups are within the country operating their anti-national activities circulating the fake currency. Very recently , the Telangana State Government has seized 10K crores of black money in a car . The Chief Minister of Andhra Pradesh is blaming the Opposition party leave Mr. Jaganmohan Reddy is the owner of this money whereas Mr. Jagan Mohan Reddy is throwing the blame on the Chief Minister of Andhra Pradesh Mr. Chandra Babu Naidu. Such activities are becoming common in the remaining states also. Modiji after watching the frequent occurrence of such incident has decided to take this bold decision. The same culprits spend this money during Election Time.They announce promises generously which they do not know for themselves. Finally, the amount goes in the form of black money into their accounts within India or in foreign banks. This is not the case only with India but in almost all countries of the world, the position is not good. That is why the names of many Heads of the countries , and the black money holders found their place in Panama papers. | |
| I don’t know much about your government but it maybe a move for the betterment of the economy of your country. It wouldn’t be considered if it cause bad to the government. | |
| @shivamani indeed terror financing is a very very big issue and many countries need to come togther to tackle this menace. | |
| yes. you are right. The previous Governments have not taken any step for developing the economy and the standard of living of a poor man. They had an ample opportunity for taking such decision as they have been in power for the last 30-50 years. They did nothing. On the contrary spoiled the country to the maximum. You will be wondered if I say that even after 60 years of Independence the people are not having public toilets. The students in the educational institutions are not having proper toilets separately for Boys and Girls. This is one of the glaring examples to show how the public money has been swallowed in the name of welfare schemes. Mr. Mod has taken a very bold decision for a cause and for doing something good for the Nation. Had it not been so he would not have taken such decision as you said. | |
| yes. You are absolutely right. Unless all the countries come together this can not be solved. That is why after the shootout at Bardadinero France has convened a conference in Paris along with the U.S. Though it is towards the fight against terrorism. Though many decisions were expected of this conference it has been ended with the passing of some resolutions. India has only participated in the conference. In all these terrorist activities there is some external agency which had been backing the terrorists. But this is not so in the case of India. There are nefarious forces working within the country and also along the borders against the Government taking up nefarious activities which is really sad to know about. What made them powerful is the black money and the fake currency they are holding in their accounts. It is after studying this situation the Modi Government has taken a firm decision to demonetization of Currencies of Rs.500 and Rs.1000.
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| This decision is helping those who have invested in gold, real estate only, and in future people will lose faith in indian currency , not keep any money with them | |
| Try to understand me. We are electing the people as legislators and Parliamentarians and sending them to State Assemblies and Parliament to represent the people to discuss their problem, to provide facilities, to remove unequal distribution of wealth and proceeds. It is their moral responsibility to fulfil these duties and responsibilities. They discuss on various things during budget period and see that the funds are allocated to various schemes and othr welfare measures that are take up by the Government. When these politicians miserably fail in their duties and responsibilities and try to swallow the funds allocated towards various schemes and programs what will be the position of a common man? They allocate funds and instead of spending the amount they keep it in their Bank accounts and it will be running in crores.He and his family will be spending luxurious whereas the middle-class man is unable to. The prices will go up. Always it is only the poor and common man only who will suffer. Added to this there are some anti-social elements who resort to printing of currency which again be termed as fake currency It comes various sources and enters into the Indian market. So, the people carrying this fake currency also spend lavishly and enjoy the comforts meant for others. The common man and others are forced to resort for corruption to satisfy the basic and minimum needs. Mr. Modi, our Prime Minister after studying the entire situation has decided a landmark decision to pull out the Rs.500 and Rs.1000 currencies from the market making them invalid and keeping a limit of Rs.2.5 lakhs in any individual bank account. Anybody, if he possess more than 2.5 lakhs in his bank account has to pay an Income Tax. If they possess more than that they have to give the source of that extra amount. As such everybody is fixed now. People who are possessing lakhs of bundles of Rs.500 and Rs.1000 currencies in their Almirahs have to dispense with their currencies as they are all obtained by unlawful means. As you said that people would invest in Gold with that extra money the chances are minimum. If they purchase Gold for more than Rs.2.5 lakhs they should furnish the PAN No. which gives the amount purchased so far and other every details. Here also the Revenue Officials are watching the movement and transactions of the Jewelry shops. The Prime minister has announced yesterday that it is only the beginning and warned the people to be more careful. Some more are shortly to come from the Government . These are all expected to be introduced by the earlier Governments under the Congress Party. But, they could not introduce these measures and unable to take decision for fear of votes. This is why our Prime Minister is hailed by the people now. He is known for bold decisions and we are proud that we got after 60 years of Independence a real Prime Minister. HE IS MR DUTERTE OF INDIA. |
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