Modi's address to the nation at 7:30PM ISt on 31st Dec. Will it be a game changer ? a relief ? or more crackdown measures ?

[lazybugger]

1 minute ago, yomama said:

I'm not the one who wants a conversation with you. You seem to want it.

So try again. This time with some manners. say 'pls'.

[yomama]

Just now, lazybugger said:

I'm not the one who wants a conversation with you. You seem to want it.-> Read it again

So try again. This time with some manners. say 'pls'.-> talk about de monetization

[lazybugger]

Just now, yomama said:

lol. keep talking to dumbfcuks in your echochamber, who agree with every thing you say.

that's the only thing you seem to be able to handle.

[yomama]

Just now, lazybugger said:

lol. keep talking to dumbfcuks in your echochamber, who agree with every thing you say.->Assumption2

that's the only thing you seem to be able to handle.->Assumption3

 lets call you chota-pappu from today. 

[Android_Halwa]

28 minutes ago, lazybugger said:

Who knows how the poor stock and use their money? do you?

online and cashless, lol. No wonder Modi became PM.

 

Poor people stock their little cash in their pockets and homes. and the bank is nothing new as they have been receiving govt benefits directly in the bank from the last few years. and in rural areas, few thousands are enough to run for a month and in rural, most of the business is done on credit. 

Online and cashless...who is imposing a draconian law to go cashless? It's only a transition and cash is still being used as the monetary transaction. 

Let's give a chance for the people to go over cashless gradually. If you expect people to turn cashless, Do you expect them to get habituate? That's creating a cash crisis situation first and then making people move over to cashless habit. and It worked. yeah, there were flaws but which system is perfect and who is expecting 100% efficiency ?

 

[riashli]

49 minutes ago, Android_Halwa said:

from 2000 to 4500, yeah its a releif..that makes 24,000 a week , Now what kind of poor guy spends more than 24,000 a week ?

and if any one spending more than 4500 a day and 24,000 a week, Do you call them poor ? and anyone who really spends more than 24k a week, don't you think they can make atleast 50% of their transactions online and cashless ?

Stereotypes..!

1 week roju line lo hrs  nilabadina 4500 dorakatam kashtam.. forget about 24k.. 

[lazybugger]

3 minutes ago, Android_Halwa said:

Poor people stock their little cash in their pockets and homes. and the bank is nothing new as they have been receiving govt benefits directly in the bank from the last few years. and in rural areas, few thousands are enough to run for a month and in rural, most of the business is done on credit. 

Online and cashless...who is imposing a draconian law to go cashless? It's only a transition and cash is still being used as the monetary transaction. 

Let's give a chance for the people to go over cashless gradually. If you expect people to turn cashless, Do you expect them to get habituate? That's creating a cash crisis situation first and then making people move over to cashless habit. and It worked. yeah, there were flaws but which system is perfect and who is expecting 100% efficiency ?

you make so many assumptions there. 

1. cashless is good. For who? The govt or the people?

2. people are okay with parking their money in the banks.

[Android_Halwa]

17 minutes ago, riashli said:

1 week roju line lo hrs  nilabadina 4500 dorakatam kashtam.. forget about 24k.. 

1 week roju line lo nilabadina dorakadam kastame...

kani life long ninnu line lo nilabadu ani chepaledu kada ?

Inko 1-2 months tarvata line lo nilabadalsina avasaram kuda evariki vundadu...

as if Modi created a rule for everyone to stand in line for the rest of their lives to get their hands on 4500 rupees. 

and, How strongly can you argue that not for now but in future also you will never ever get back your money even if you stand in line for hours together...

[allu_potato]

2 minutes ago, Android_Halwa said:

1 week roju line lo nilabadina dorakadam kastame...

kani life long ninnu line lo nilabadu ani chepaledu kada ?

Inko 1-2 months tarvata line lo nilabadalsina avasaram kuda evariki vundadu...

as if Modi created a rule for everyone to stand in line for the rest of their lives to get their hands on 4500 rupees. 

and, How strongly can you argue that not for now but in future also you will never ever get back your money even if you stand in line for hours together...

endi baa inka whisky pole le

[lazybugger]

Just now, Android_Halwa said:

1 week roju line lo nilabadina dorakadam kastame...

kani life long ninnu line lo nilabadu ani chepaledu kada ?

Inko 1-2 months tarvata line lo nilabadalsina avasaram kuda evariki vundadu...

as if Modi created a rule for everyone to stand in line for the rest of their lives to get their hands on 4500 rupees. 

and, How strongly can you argue that not for now but in future also you will never ever get back your money even if you stand in line for hours together...

lol. idantha oka defense of a policy na?

deeniki nuvvu 'informed' critique expect chesthunnava?

Get this bro. The manufacturing sector is fcuked, because smaller suppliers are struggling to pay wages. 

several questions on demonetization remain. like why it was done.. If banks recapitalization is the reason, what if banks fail - which they will if they don't give out these deposits in loans quickly.

so yes, there's a danger that people may not get back their money.

[Android_Halwa]

15 minutes ago, lazybugger said:

you make so many assumptions there. 

1. cashless is good. For who? The govt or the people?

2. people are okay with parking their money in the banks.

 

Yeah, Cashless is very good as it gets everything recorded and gets most of the transactions into a record and that's what India needs now. How can you expect someone to run a country like India with 1.3 billion population where barely 5% pay direct taxes and another 15% pay indirect taxes. You have absolutely no record of what so ever happening especially when people have habituated to a transaction not recorded which eventually has grown into such a monster that there is a parallel economy existing in the country.

Govt plans for a 2 trillion budget for cash which is in excess of that? That's an absolute bullshit. 

Do you expect to run an ever growing country without proper taxes and transactions and how can you expect a government to run a budget which is always insufficient especially where many people are making so much of money and nothing gets on the record.

Like it has been happening in the last 70 years. Not a single attempt was made to record the transactions and make individuals responsible for their money and taxes. This is the time and it's going to change the way we used to live and the way we expect to live.

 

[Android_Halwa]

4 minutes ago, allu_potato said:

endi baa inka whisky pole le

Another Errand...Strike 1.

[allu_potato]

Just now, Android_Halwa said:

Another Errand...Strike 1.

Nee G

[Merabharathmahan]

He should give back financial freedom to people. People are not able to withdraw their own money to spend. If they use debit cards out side then cards are getting hacked. Modi responsible teesukuntada card hack ayi money pothe or will he or bsnk give any assurance about this cyber crime? In many places people don't have swiping machines too. 

[lazybugger]

1 minute ago, Android_Halwa said:

Yeah, Cashless is very good as it gets everything recorded and gets most of the transactions into a record and that's what India needs now. How can you expect someone to run a country like India with 1.3 billion population where barely 5% pay direct taxes and another 15% pay indirect taxes. You have absolutely no record of what so ever happening especially when people have habituated to a transaction not recorded which eventually has grown into such a monster that there is a parallel economy existing in the country.

Govt plans for a 2 trillion budget for cash which is in excess of that? That's an absolute bullshit. 

Do you expect to run an ever growing country without proper taxes and transactions and how can you expect a government to run a budget which is always insufficient especially where many people are making so much of money and nothing gets on the record.

Like it has been happening in the last 70 years. Not a single attempt was made to record the transactions and make individuals responsible for their money and taxes. This is the time and it's going to change the way we used to live and the way we expect to live.

15% pay indirect taxes? who gave you this figure? you do realise that central govt hardly collects indirect taxes?

you govern a country like India, by giving more power to the states, and creating strong institutions that can last. Not by breaking institutions like RBI, and reducing them to a joke.

dude, all attempts have been made to ensure more tax compliance. VAT is a step in that direction. GST, another step (one that I don't agree with).