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Showing posts with the label Black money

KALI YUGA RAMAYAN - DEMONETIZATION DERAILED

  KALI YUGA RAMAYAN - DEMONETIZATION DERAILED  Inspiration:                  సందేహించకు మమ్మా రఘురాము ప్రేమను సీతమ్మా               Sitamma, do not have any doubts above Rama's love for you               ఒకే బాణము ఒకటే మాట ఒక్క భామకే రాముని ప్రేమ                 One arrow, one word, Ram's love is only for you               మిన్నే విరిగి పడినా వ్రతభంగమ్ము కానీడమ్మా               Even sky may fall down, but Ram will not do vrat bhang               రఘుకులేశుడే ధర్మము వీడి మరో భామతో కూడిననాడూ               నాదు జపము తపము నా కావ్యమ్మె వృధయగునమ్మ              If Raghu ku...

“HAR DUKAAN MEIN HO CARD KA MUKAAM”- MISSION BLACK MONEY

“HAR DUKAAN MEIN HO CARD KA MUKAAM”- MISSION BLACK MONEY Modi Ji let us give wide publicity to this slogan to popularize cashless transactions and support/sustain the campaign through process facilitation. Empower each and every shop; push carts etc with compulsory installation of swiping machines. Linking the facilities with small and marginal trade, linking with Jan Dhan Yojana, SHG accounts will further ensure maximum reach to remote areas.   Government shall ensure that sufficient stock of swiping machines with simple technology are made available and make it mandatory for all banks and other public utility service centres to ensure installation of them in their catchment areas as free facility. Banks shall be given incentives and encourage them to be a king pin in this mass movement of “CASHLESS SOCIETY”. THIS DEMONETIZATION MOVEMENT NEEDS WAR FOOTING MEASURES WITH MICRO LEVEL ACTION PLAN RATHER THAN MERE BACK OFFICE ACTION RESEARCH.   SAY NO TO “BLA...

CASH TO LESS CASH , CASHLESS SOCIETY- GROUND REALITIES

CASH TO LESS CASH , CASHLESS SOCIETY- GROUND REALITIES Government in last 15 days is talking more about moving to less cash & then to cash less society in phased manner. Demonetisation is a welcome move, but when it comes to implementation, serious lacuna is being observed in field. Reports such as already 70% of banned currency reached banking system as on date through large scale money laundering & further expected to reach over 90 % soon, large accumulation of Rs.2000/- notes by individuals reported etc are strong evidences and GOI needs to submit white paper on its implementation strategy. GOI has to clearly explain how it is going to handle black money already recycled into system through benami accounts. If new currency is printed & circulated into banks, matching with the banned currency, there is a strong possibility of huge currency reaching back the bunkers. Printing of less physical currency will have huge currency shortage and balance of payments probl...

ARE WE HEADING FOR ANOTHER UNFRUITFUL PARLIAMENT SESSIONS??

ARE WE HEADING FOR ANOTHER UNFRUITFUL PARLIAMENT SESSIONS?? In a democracy, parliament is the highest decision making body. The demonetisation of currency is historic decision and it is the prime responsibility of Government to take public into confidence by discussing, deliberating on the concept, implementation strategy, road map, and the current situation etc in parliament and see that entire nation is taken into confidence in “Black fight”. Unfortunately the ruling party is trying to finds some lame excuses to avoid fruitful discussions and certainly it will not go well with democracy. Mr. Azad’s statement on loss of lives related to currency exchange and he relating it with oori killings need not be colored as nation’s integrity issue. The spirit behind the speech has to be well taken rather than diverting the attention on technical ground. Government shall discuss the problems in detail and take proper steps to avoid inconvenience to public. It is not proper on the ...

RESTRUCTURING INDIAN CURRENCY - MODI JI, THE MASS HERO

RESTRUCTURING INDIAN CURRENCY - MODI JI, THE MASS HERO Scraping of Rs. 500 & 1000 notes from midnight of 10.09.2016, is a historic & very bold move taken in the national interest by our Prime minister Sri. Narendra Modi. Like one shot two birds, it will curb corruption, inflation and at the same throw external challenges. In fact it is real surgical strike on parallel economy and roots of terrorism, both killer diseases. The first historic decision to scrap higher denomination currency took by Late Morarji Desai in 1978 (scrapping 10000, 5000 & 1000 notes) to curb corruption. But the present decision is more challenging and will have real impact on entire nation, as the Rs.500 note is the currency ruling the roost at present.  In 1978 hardly any common man new about the higher denomination notes in circulation. I am sure it’s first impact will be on soaring property prices in urban India. As our country has limited land with second largest population, natu...