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 ?

[dewarist]

42 minutes ago, Android_Halwa said:

Cash crunch will ease from next working day. 

Banks will do their regular business and gradually limits would either be increased or removed. 

Simple reason...From Jan 1st onwards, there will not be huge lines because cash deposit of old notes has ended and only people who withdraw money will visit the bank and so bank staff will be able to manage the cash on a daily basis depending upon the supply and need, either cash limits will be increased or removed.

and when it comes to small scale industries, yeah, there is a crunch but they aren't dead. Small industries can now avail loans collateral free...on government's promise a loan of up to 2 crore rupees from existing banks, Much needed push for MSME and SME's. This is the sector that employs a huge number of people and after creating a cash crisis, govt. is finally pushing this sector with abundant finance at cheaper rates and no collateral on government's promise. 

Chill guys, it has affected but making a huge cry that SME is dead..business hit..blah blah..yeah it happens and it's not going to be ever like this. 

Do you guys remember when Govt invited multinational retail companies like Walmart etc to open a business in India, everyone complained it will kill street vendors and local grocers...But now after a decade, it doesn't seem to be the case. I haven't seen not even one local grocer closed their shops. This phenomenon is called as a stereotypic feeling and we are good at it,

As if by magic right...abracadabra..dabracabra...

SME's are dead completely..but they are on the verge on death.

No matter how rosy the picture is painted..situation on the ground is pretty bleak..

it was evident from Mr. PM's speech..

[dewarist]

12 minutes ago, batman said:

asalu countries ki organized sector is waste... ppl should have freedom to do whatever they want....why should there be govt and governance??

asalu countries ki immigration endhuku undali???  it restricts human movement hence restricts human rights....

Samaj gaale uncle

[batman]

8 minutes ago, dewarist said:

Samaj gaale uncle

just a random thought alludu

[Android_Halwa]

5 hours ago, lazybugger said:

bank lo dabbulaki auditing aa? haha.. enni years paduthundi cheyyataaniki?

nee comedy post lu, naaku quote seyyaku brother. 

naaku navvey opika ledhu 

Enni years ??? 

Every feb la audit ayitadana sangati telvademo 

[lazybugger]

1 minute ago, Android_Halwa said:

Enni years ??? 

Every feb la audit ayitadana sangati telvademo 

bank auditing veru, IT auditing veru.

[MRI]

[k2s]

35 minutes ago, MRI said:

Mitron MRI

[tom bhayya]

Jan 20 trump thaatha announcement kosam waiting man.. flight tickets and samsonite out of stock. yupptv full sales indian restaurants empty all desi kitchens busy. imported batch antha standing lo airbus lu ekki back ki all f1s ki i20 tho gc staple chesi icheyadam ab ki baar trump sarkaar

[Kool_SRG]

9 hours ago, Android_Halwa said:

Cash crunch will ease from next working day. 

Banks will do their regular business and gradually limits would either be increased or removed. 

Simple reason...From Jan 1st onwards, there will not be huge lines because cash deposit of old notes has ended and only people who withdraw money will visit the bank and so bank staff will be able to manage the cash on a daily basis depending upon the supply and need, either cash limits will be increased or removed.

and when it comes to small scale industries, yeah, there is a crunch but they aren't dead. Small industries can now avail loans collateral free...on government's promise a loan of up to 2 crore rupees from existing banks, Much needed push for MSME and SME's. This is the sector that employs a huge number of people and after creating a cash crisis, govt. is finally pushing this sector with abundant finance at cheaper rates and no collateral on government's promise. 

Chill guys, it has affected but making a huge cry that SME is dead..business hit..blah blah..yeah it happens and it's not going to be ever like this. 

Do you guys remember when Govt invited multinational retail companies like Walmart etc to open a business in India, everyone complained it will kill street vendors and local grocers...But now after a decade, it doesn't seem to be the case. I haven't seen not even one local grocer closed their shops. This phenomenon is called as a stereotypic feeling and we are good at it,

Cash limit will not be eased so soon..

[Android_Halwa]

3 hours ago, lazybugger said:

bank auditing veru, IT auditing veru.

Now that all the bank accounts are attached to aadhar number and PAN number, all the information is being shared since the last few years. 

This was minimal and many people even received IT notices for imbalances in income filed and bank receipts. This has been a common practice and it is nothing new but IT dept had little info regarding the tax evasions as most of the info was untraceable and was not through the proper banking channels. 

Now, The money is well within the bank system.

Its very simple now, File your income properly, file your taxes accordingly. very simple.

If not, keep waiting till the tax man reaches your door step and remember, You now have a unique identity complete with fingerprint and iris scan. You can only run, but not for ever. 

 

[Android_Halwa]

6 minutes ago, Kool_SRG said:

Cash limit will not be eased so soon..

yes, in the next few weeks, it will be reduced and completely controlled.

and its good if the cash limit will be imposed for few more months. 

 

[Android_Halwa]

1 hour ago, tom bhayya said:

Jan 20 trump thaatha announcement kosam waiting man.. flight tickets and samsonite out of stock. yupptv full sales indian restaurants empty all desi kitchens busy. imported batch antha standing lo airbus lu ekki back ki all f1s ki i20 tho gc staple chesi icheyadam ab ki baar trump sarkaar

 

Peddamanishi...tumhare mooh mein ghee shakkar...

kani nee asha sallagunda...F1 ki GC edo staple chesetatte...asha ki haddu vundale peddamanishi. We will earn GC's, phukat la vaddu maaku..memu emana assembly lines la manufactured talent anukuntunava...sadivi ..pani ela cheyalo nerchukuni pani chestunam...work culture maintain chestunam...

Samsonite expensive ani...secondhand lo..goodwill stores ko patha suitcases kontunarru..

F1 students ki elago OPT..tarvata H1..atarvta GC kabatti...suitcases avasaram ledu kada ani imported batches ki free ga ichestunaru...Imported batches dorikinde mauka ani egapadi mari suitcases teesukuntunaru. 

Trump sarkar vachinaka...etlago ie manufacturing companies ki palugude...infy bots, TCS bots...saman pack..CTS la EB1c la GC file chesetollu, ready ga vundurri lawsuits kosam...H4 EAD's..time to get back to kitchen..

iga already idaki lorries la vachina human bots...meeku eb3 lo file chesina GC's adoka distant dream...your retirement will be early than getting your GC...better pillalni kaneseyandi, vaalu meeku GC apply chestaru family quota la...adi inka tondaraga vache chance vundi..and try to save last single penny...new year offer kinda car dealers goft cards istunaru anta...racha lepurri city antha...morning nundi evening varaku tirigithe oka $200 workout avutadi...

 

[lazybugger]

11 hours ago, Android_Halwa said:

Now that all the bank accounts are attached to aadhar number and PAN number, all the information is being shared since the last few years. 

This was minimal and many people even received IT notices for imbalances in income filed and bank receipts. This has been a common practice and it is nothing new but IT dept had little info regarding the tax evasions as most of the info was untraceable and was not through the proper banking channels. 

Now, The money is well within the bank system.

Its very simple now, File your income properly, file your taxes accordingly. very simple.

If not, keep waiting till the tax man reaches your door step and remember, You now have a unique identity complete with fingerprint and iris scan. You can only run, but not for ever. 

all bank accounts are not linked to aadhar. Just PAN numbers.

you are in your own dream world about the efficiency of the 'system'.

Even though I don't have an Aadhar card, nor am I an Indian citizen, if what you say pans out, I'll be among the first to help Indians take down this monstrosity. to destroy Aadhar.

Stop gloating about tax man having people by the balls. Its obvious from your blase attitude to tax harassment, that you've never seen a taxman at work. the entire claims system is not as seamless as you imagine it to be.

I've no idea how salaried class can avoid paying Income tax. Or are you talking of other forms of tax that people avoid, like capital gains? It seems you have no clue about how tax systems work. Perhaps people like you are advising Modi, to torpedo the entire system, just so they can have a few laughs at people's expense.

 

[lazybugger]

Android Halwa,

If you are talking about self employed people evading their taxes, pls talk to your neighbourhood 'entrepreneur' in the US. You'll be surprised how many of them actually pay taxes.

So pls stop cheerleading Modi's idiocy.

[Mitron]

13 hours ago, tom bhayya said:

Jan 20 trump thaatha announcement kosam waiting man.. flight tickets and samsonite out of stock. yupptv full sales indian restaurants empty all desi kitchens busy. imported batch antha standing lo airbus lu ekki back ki all f1s ki i20 tho gc staple chesi icheyadam ab ki baar trump sarkaar

Mitron.... what happened to you