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  #256  
Old April 20th, 2017, 07:28 AM
Aashika Aashika is offline
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Re: Run Black Money Run!

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Originally Posted by kkkk View Post
you can take/bring 5000INR officially.
even now? I have 80,000 sitting with me
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  #257  
Old April 20th, 2017, 11:27 AM
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Re: Run Black Money Run!

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Originally Posted by Aashika View Post
even now? I have 80,000 sitting with me
Where did the black money come from?
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  #258  
Old April 20th, 2017, 12:10 PM
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Re: Run Black Money Run!

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Where did the black money come from?
dont ask
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  #259  
Old April 20th, 2017, 12:26 PM
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Re: Run Black Money Run!

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dont ask
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  #260  
Old April 20th, 2017, 03:53 PM
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Re: Run Black Money Run!

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Had you known earlier, you could have converted it in your Mumbai trip
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  #261  
Old April 21st, 2017, 06:35 AM
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Re: Run Black Money Run!

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it was gift money.
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  #262  
Old April 21st, 2017, 06:40 AM
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Re: Run Black Money Run!

Quote:
Originally Posted by Aashika View Post
even now? I have 80,000 sitting with me
Sorry to say, but it may always keep sitting with you. You didn't buy jewelry at those desi stores in Canada offering to take old notes?

I'd have given it to somebody traveling back to India, to exchange it off at a RBI branch. I had a very small amount with me like 3K so I didn't bother.
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  #263  
Old April 21st, 2017, 06:50 AM
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Re: Run Black Money Run!

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Originally Posted by sarv_shaktimaan View Post
Sorry to say, but it may always keep sitting with you. You didn't buy jewelry at those desi stores in Canada offering to take old notes?

I'd have given it to somebody traveling back to India, to exchange it off at a RBI branch. I had a very small amount with me like 3K so I didn't bother.
hubby didnt let me buy, said he didnt want that jewellery guy to "take advantage of me".
He promised he will buy me full worth jewellery

I knew I shouldn't have listened to him
Now no jewellery...nothing
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  #264  
Old June 11th, 2017, 09:00 PM
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Re: Run Black Money Run!

Confirmed !!

Demonetisation has slowed down Indian economy. Future effects uncertain----State bank of India

https://www.google.co.in/amp/wap.bus...1100156_1.html
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  #265  
Old June 11th, 2017, 11:21 PM
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Re: Run Black Money Run!

Slowing down was expected.
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  #266  
Old August 31st, 2017, 03:49 PM
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Re: Run Black Money Run!

So, was demonetization a failure? after that much headache and exercises?





:covering ears and shouting: la la la la DeMon was a great success, a Modi Masterstroke.




सियासत कुछ इस तरह हकुमत चलाती है,...................... अवाम पर !
की,.. आँखे ले लेती है,............................. और चश्मे दान करती है !!









SMFH



Cant even fathom the levels of incompetency in that Modi decision that night, which pulled out around 80% of the cash out of the economy with one stroke without a plan or strategy or goal or forethought into how it would affect people's lives and the economy! Colossal incompetency! Took a hit on GDP too, for the decision that the RBI wasn't even consulted on prior to the night of Nov 8th.





https://pbs.twimg.com/media/DIgJ5zNUIAAifOE.jpg:large


From RBI's annual report:






Why this article says differently ? Do you agree??

Why a higher proportion of cash returning to banks may actually be a sign of success of demonetisation





Last edited by log1iszero; August 31st, 2017 at 07:21 PM.
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  #267  
Old September 1st, 2017, 08:56 PM
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Re: Run Black Money Run!

Demonetisation has flopped economically, but it did manage to convince the majority of illiterates that the prime minister is real serious about tackling corruption. The poor actually imagine that the problem of black money has been tackled by Modi effectively.

So as an exercise in increasing the popularity of the government and the prime minister it was hugely successful. And we need a nationalistic government in power to wade through the dangerous times we are in . So I support demonetisation now.
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  #268  
Old September 2nd, 2017, 10:49 AM
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Re: Run Black Money Run!

Met up a relative who retired a couple years back as a big shot in a PSU bank (he showed up in the website of that bank) on the July 4 weekend. I questioned him about the demonetization* and most of the money coming back.

He said that bulk of the black money ended up with benamies (rather proxies. They are real persons like drivers or servants). While it did end up there, there are withdrawal restrictions (he gave details but don't remember them) and it is quite tough for 2 number walas to withdraw or use the money. Reportedly, GJR had to pay a huge commission to convert his kala dhan for his daughter's grand marriage. So, black money walks are hurt, though not in the way Modi and Jaitley presented initially.
Overall, uncle ji was quite supportive of the demonetization.

* demonetization now shows up on autocorrect
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  #269  
Old September 2nd, 2017, 11:23 AM
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Re: Run Black Money Run!

The way I see it as,…

Ppl were not that stupid to sew the money in mattresses and walls and under-ground to let it be eaten by Dimak. They either had already bought the properties, way earlier,… on bogus names,… and rest were keep buying gold and silver ,……which are forever,…

This now gave a new idea to the people,… to save money in 100 and 50 note bills and Govt will never demonetize those, or it will be too much to handle bulk load,…. So the BMers will now start this business of saving in small bills,… and learnt a lesson to keep on buying gold and silver, diamond, jewels and properties as a last resort which are obvious asset.,…. One of a very closest member of my own family, who hardly had studied 7th grade and was a drop out, was standing in queues with entire of his family engaged at all diff locations,… with so and so many lakhs of cash bundles in hand to buy illegal gold before the dead line, when this demonetization happened,…. And he was not even that successful person,…….. so you can imagine,.. how many amounts other guys must be having !! 15 percent was the minimum target and I was rather expecting that 45 % or more asset should not come back,.. while looking at all fake, jaali notes and billions of Indian ppl who never pay their taxes honestly and release their income !

But OMG ! 99% currency came back !! What does this freaking mean ! it’s not even an ordinary failure,,. It’s freaking 101 percent, total failure !!!!!
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  #270  
Old September 3rd, 2017, 06:31 AM
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Re: Run Black Money Run!

^^
It is not over yet. Real failure would happen if the black money walas are able to withdraw the money and use it elsewhere.
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