Our country is a country where everything is possible and surprisingly every one is ready to do politics on any issue... either on birth or death, good or bad, personal or social, national or inter-national issues.
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Recently Govt. of India has banned High Denomination Notes (500 or 1000 Rs. notes) and this is the only topic of gossip everywhere.
So many questions arises in mind and everyone tries to explain at best either by listening from here and there or from social media... But what Govt. of India has in its plans. Lets explore them.
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Q. What are the intentions behind this big project/decision?
Since these high denomination notes are the part of a big portion of our economy and almost all works are being done by black money just to save govt. taxes. and hence it is kept hidden from govt. by not depositing in banks and just keeping at private places....
Every person has been corrupted by this hidden and illegally earned money and the greed of this money has force everyone to do wrong and unethical works... Either illegal contracts signs or terror activities just to earn money by any means.
Hence to stop it, its very necessary to stop this black money. Govt. also have given time till 30th Sept. 2016 to the big money giants so that they can declare there hidden earnings and pay a legal tax to keep that money. But most of them have been underestimated the Govt. Might be thinking that in the context of vote bank politics, this decision can not be taken by govt. but they failed to interpret this time. Govt. took a bold decision and exclaimed everyone that this time, no vote bank politics. Make the country clean, From visible side to the invisible side. 'Swachchh Bharat' and 'Note Ban' is the example of this. Also to increase the credibility of our nation, Make in India like projects are example of the good intention of Govt.
A. 1. Controlling Corruption and Exposing Black Money.
2. Controlling terror funding activities financed by this black money.
3. Kicking out fake currency being infused by neighbor nations to destroy our economy.
4. Bring out the Undeclared, illegally earned black money.
Q. Why it was declared by PM of India itself in surprising manner ?
A. As per Govt. of India, They don't want to give time to people for turning their Black Money into White Money.. So they declared it at 8:00 PM and also turned banks and ATMs OFF on next day. They didn't informed banks even for updating their ATMs according to new currency, otherwise it could be open to all and every big giant of black money could have turned their black into white.
Q. What Will be the impact of this decision?
A. Govt. has already given time for self declaration and also warned about the strong actions against those who do not do so. who have declared self have paid the govt. taxes and now who were underestimating the govt. now worried to get it back... Trying many ways to convert old currency into new but unable to do so... And who have done so will be exposed soon since govt has eye on every transaction in any form, either in land, gold or BPLs Jan Dhan Accounts. so they were not be left easily..
Q. Will the Black money deposited in Swiss bank be back by this decision?
A. Probably may not, but that may be 50% portion of black money which is in Swiss bank accounts... But a huge portion is also in our country which will be exposed and penalized. only 10% will be back to owner and 30% tax and 200% of tax, i.e. 60% penalty will be goes to govt. account.
Q. What about the Problems of Common Men?
A. They have struggled a lot and can also afford 50 days.. The major problem is to black money holders, these may be businessmens, politicians or film starts as well. They are using pain of common men to hide their own causes and want to protest just for their personal benefit only. They never cared for Poor Peoples.
Q. What about the people who have purchased lands, flats, gold?
A. Every Transaction done after Note ban declaration will be scanned thoroughly and accused of buying as well as selling will be punished. Recently govt has announced for scanning the transactions of jwellers and property dealers.
Q. What about the cash deposited in Jan Dhan Accounts for making it white on commission based deals ?
A. Govt. has also eye on these transactions and will ask for declaration. If they could not justify then will take action against them like cancelling their BPL membership or any other sort of decisions.
Q. Will it be possible to accumulate huge black money in the form of 2000 Rs. Note.?
A. Definitely, it is possible. But PM has many projects that will surely have some plan for this also. Like minimized use of cash by limiting cash withdrawal limits or encrasing use of green channels or by giving other benefits to high amount payer so they use cheque, NEFT, RTGS or online transactions..
We are not in favour of any party nor against.. but we have waited for 70 years for this clean india, lets wait and watch the impact of decisions of this govt. and if they fails to attain their aims/intentions then you may choose other PM like old one's back in next elections..
PM has personally asked to give him 50 days and whole 5 years working time... see what happens next.
Thanks
----------------------------------------------------------------------------------------------------------
Recently Govt. of India has banned High Denomination Notes (500 or 1000 Rs. notes) and this is the only topic of gossip everywhere.
So many questions arises in mind and everyone tries to explain at best either by listening from here and there or from social media... But what Govt. of India has in its plans. Lets explore them.
----------------------------------------------------------------------------------------------------------
Q. What are the intentions behind this big project/decision?
Since these high denomination notes are the part of a big portion of our economy and almost all works are being done by black money just to save govt. taxes. and hence it is kept hidden from govt. by not depositing in banks and just keeping at private places....
Every person has been corrupted by this hidden and illegally earned money and the greed of this money has force everyone to do wrong and unethical works... Either illegal contracts signs or terror activities just to earn money by any means.
Hence to stop it, its very necessary to stop this black money. Govt. also have given time till 30th Sept. 2016 to the big money giants so that they can declare there hidden earnings and pay a legal tax to keep that money. But most of them have been underestimated the Govt. Might be thinking that in the context of vote bank politics, this decision can not be taken by govt. but they failed to interpret this time. Govt. took a bold decision and exclaimed everyone that this time, no vote bank politics. Make the country clean, From visible side to the invisible side. 'Swachchh Bharat' and 'Note Ban' is the example of this. Also to increase the credibility of our nation, Make in India like projects are example of the good intention of Govt.
A. 1. Controlling Corruption and Exposing Black Money.
2. Controlling terror funding activities financed by this black money.
3. Kicking out fake currency being infused by neighbor nations to destroy our economy.
4. Bring out the Undeclared, illegally earned black money.
Q. Why it was declared by PM of India itself in surprising manner ?
A. As per Govt. of India, They don't want to give time to people for turning their Black Money into White Money.. So they declared it at 8:00 PM and also turned banks and ATMs OFF on next day. They didn't informed banks even for updating their ATMs according to new currency, otherwise it could be open to all and every big giant of black money could have turned their black into white.
Q. What Will be the impact of this decision?
A. Govt. has already given time for self declaration and also warned about the strong actions against those who do not do so. who have declared self have paid the govt. taxes and now who were underestimating the govt. now worried to get it back... Trying many ways to convert old currency into new but unable to do so... And who have done so will be exposed soon since govt has eye on every transaction in any form, either in land, gold or BPLs Jan Dhan Accounts. so they were not be left easily..
Q. Will the Black money deposited in Swiss bank be back by this decision?
A. Probably may not, but that may be 50% portion of black money which is in Swiss bank accounts... But a huge portion is also in our country which will be exposed and penalized. only 10% will be back to owner and 30% tax and 200% of tax, i.e. 60% penalty will be goes to govt. account.
Q. What about the Problems of Common Men?
A. They have struggled a lot and can also afford 50 days.. The major problem is to black money holders, these may be businessmens, politicians or film starts as well. They are using pain of common men to hide their own causes and want to protest just for their personal benefit only. They never cared for Poor Peoples.
Q. What about the people who have purchased lands, flats, gold?
A. Every Transaction done after Note ban declaration will be scanned thoroughly and accused of buying as well as selling will be punished. Recently govt has announced for scanning the transactions of jwellers and property dealers.
Q. What about the cash deposited in Jan Dhan Accounts for making it white on commission based deals ?
A. Govt. has also eye on these transactions and will ask for declaration. If they could not justify then will take action against them like cancelling their BPL membership or any other sort of decisions.
Q. Will it be possible to accumulate huge black money in the form of 2000 Rs. Note.?
A. Definitely, it is possible. But PM has many projects that will surely have some plan for this also. Like minimized use of cash by limiting cash withdrawal limits or encrasing use of green channels or by giving other benefits to high amount payer so they use cheque, NEFT, RTGS or online transactions..
We are not in favour of any party nor against.. but we have waited for 70 years for this clean india, lets wait and watch the impact of decisions of this govt. and if they fails to attain their aims/intentions then you may choose other PM like old one's back in next elections..
PM has personally asked to give him 50 days and whole 5 years working time... see what happens next.
Thanks
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