Failed objectives: Six years after demonetisation, cash is still king, black money is very much around and counterfeit notes are on the rise

[Telugodura456]

8 hours ago, telugu_fan said:

You still haven't answered the question about which laws prevent people from participating in retail business and how that the mafia has cornered according to you?

Harvard or any other ngo would have done a case study if they found merit in the retail store businesses. They didn't for any reason best known to them or if the marwaris were also from some backward classes then maybe there would a clamor to show some success story as they see fit.

It would be better if you could answer on the question posed about laws preventing anyone from participating or how the so called mafia is running retail business, otherwise ou are just rambling from one post to another just typing what ever pops into your mind and you have the gall to call others names.

Picchi prasna ..picchi attitude. There is a law to stop taking dowry - does it prevent dowry system? it is unlawful to practice caste system in india  - did casteism end in india ?

You ask dumb questions because you are another sucker of tribal racist rich. Maybe you think your caste also has some influence/wealth and you think it deserves secrecy and protection.

I am not interested in your speculations why there is no case study or white paper. it is a fact that this extrordinary pheonomenon of blackmoney/hawala and clannish all india control of trade has no white paper - no light focussed on it.

it clealy shows govt has no interest in formalizing the economy. Only a mad man will praise demonetization which no country follows.

[Telugodura456]

8 hours ago, telugu_fan said:

dude, you need to read the stuff you write, if previous IT raids all worked how come we have as much black money or unaccounted money in the system. So according to you the indian govt has hired illiterates to run IT dept. so far and somehow a new competitive exam with graduates will give them all the info on how to identify and raid for black money - you are truly a legend in your own mind. carry on. 

I asked for a specific answer wich you didn't provide, you replied everyone knows where the black money is - that is not an answer. The people affected by demonetization were everyone. the few who have black money will have more percentage of money. it doesn't matter if they are few lakhs or crores of people compared to the rest of the country. When everyone is using the same money it will have effect on everyone during demonetization.

You keep saying attack the people that need to be attacked. My question is how do you identify that person - is something written on his head that he is a black money hoarder? Your idea that banks will tell me is a non starter with laws in the country. that is why i asked if you had an idea.

It seems you don't have one and that is okay. I too don't have any better idea to catch black money hoarders all at once and it would have been okay if you had said i think demo is wrong step even if i don't have a better way to catch people. But no, you had to call people names.

I might be dumb as a brick according to you, but you who can't keep a thread discipline and keep shifting goalposts while not providing any answers are even worse than a person who is dumb as a brick and your interaction with raven_reyes shows you should be the last person who talks about emotional trigger. See i can call names too, but i don't.

You have behaved like a standard leftist troll and champagne socialist that will talk of the poor but will do nothing to help anyone that he has seen suffering and abdicate his responsibility(the agencies are not omnipresent and omnipotent). An little bit of info or tips also help busting the corrupt officials to black money hoarders. and call others names without providing any proofs for any of your allegations that you bring up with thread derailment and no focus in your replies either. So what does that make you in the end?

LOL ..you are too emotional to realize your own rambling. So IT department raids did not work in past therefore they wont work in future ? is this your logic ? indian economy did not work before therefore it wont work in future. I did not make money in past therefore i dont make money in future - is this how you think ?

You need to look at the namoona that you are and do a little reflection on yourself.

Again - what a dumb question how do you identify a person has black money - wont there be signs of it ? will people keep black money because they like the paper it is printed on ? are they not going to buy properties ? can it not tally with what they declare as income in tax returns ? there are thousand ways to catch and it is so easy if govt do its job.

I am a leftist troll? you are a casteist crook who has no interest in formalization at all. you have been lying all this time that you have any real interest in formalization of economy.

[telugu_fan]

2 minutes ago, Telugodura456 said:

LOL ..you are too emotional to realize your own rambling. So IT department raids did not work in past therefore they wont work in future ? is this your logic ? indian economy did not work before therefore it wont work in future. I did not make money in past therefore i dont make money in future - is this how you think ?

You need to look at the namoona that you are and do a little reflection on yourself.

Again - what a dumb question how do you identify a person has black money - wont there be signs of it ? will people keep black money because they like the paper it is printed on ? are they not going to buy properties ? can it not tally with what they declare as income in tax returns ? there are thousand ways to catch and it is so easy if govt do its job.

I am a leftist troll? you are a casteist crook who has no interest in formalization at all. you have been lying all this time that you have any real interest in formalization of economy.

It is said that the definition of insanity is doing the same thing again and again and expecting different results.

You were the one who suggested hiring graduates with new competitive exams to solve the problems while not making underlying changes to the process of identifying the black money. If people make all cash transactions or mostly cash transactions due the amount of black money how will you tally it with bank accounts.

Even after demonetization they used data crunching to go after deposits of more than 10 lakhs to identify the big fish. You would know if you followed the news.

You are a troll because you keep shifting goal posts and bringing in marwari mafia arguments without substantiating it in any way. there are real estate mafia, mining mafia, business mafia in general, lets run raids on all of them and see the time it takes to raid some remote locations where the cash is hidden.

Lets agree to disagree, this is pointless with our name calling and shifting goalposts, you think demo was a failure, i think it partially helped to formalize the economy. 

[Telugodura456]

18 minutes ago, telugu_fan said:

It is said that the definition of insanity is doing the same thing again and again and expecting different results.

You were the one who suggested hiring graduates with new competitive exams to solve the problems while not making underlying changes to the process of identifying the black money. If people make all cash transactions or mostly cash transactions due the amount of black money how will you tally it with bank accounts.

Even after demonetization they used data crunching to go after deposits of more than 10 lakhs to identify the big fish. You would know if you followed the news.

You are a troll because you keep shifting goal posts and bringing in marwari mafia arguments without substantiating it in any way. there are real estate mafia, mining mafia, business mafia in general, lets run raids on all of them and see the time it takes to raid some remote locations where the cash is hidden.

Lets agree to disagree, this is pointless with our name calling and shifting goalposts, you think demo was a failure, i think it partially helped to formalize the economy. 

So if you did not succeed last time - what you gonna do? declare yourself useless and not try again ?

I did not suggest hiring people. I said make income tax department work. They already recruited smart people. why cant they be put to work ?

What agree to disagree. There are far more fundamental problems with your thought process. I dont think you have any real interest in formalizing the economy. you are obsessed about this "black money" becuase you cant stand the people who have it.  let me ask what is even the problem with black money for you ? is black money earned through cheating ? - mostly no. is it earned through criminal activity ? no. its mostly hard earned money not declared to govt. So why do you think this money must stay with government and not with private individual? are your politicians and bureacracy (50% reserved by the way) better manager of money than actual individual who worked for it ?

Unlike usa - india does not give any universal pensions or universal healthcare . It does not even provide education which is mostly private in india. Roads are tolled and laid by private companies. so why ?

[telugu_fan]

1 hour ago, Telugodura456 said:

So if you did not succeed last time - what you gonna do? declare yourself useless and not try again ?

I did not suggest hiring people. I said make income tax department work. They already recruited smart people. why cant they be put to work ?

What agree to disagree. There are far more fundamental problems with your thought process. I dont think you have any real interest in formalizing the economy. you are obsessed about this "black money" becuase you cant stand the people who have it.  let me ask what is even the problem with black money for you ? is black money earned through cheating ? - mostly no. is it earned through criminal activity ? no. its mostly hard earned money not declared to govt. So why do you think this money must stay with government and not with private individual? are your politicians and bureacracy (50% reserved by the way) better manager of money than actual individual who worked for it ?

Unlike usa - india does not give any universal pensions or universal healthcare . It does not even provide education which is mostly private in india. Roads are tolled and laid by private companies. so why ?

apparently according to you something hasn't worked so keep doing the same thing again and magically hope everything gets right.

USA and india can't just be compared with the tax that is collected - the govt has the ability to track the formal economy and their universal health care mandates didn't come in till Obama time, something Ayushman Bharat in India also tries to do since 2018.

In the US as far i know people who worked and contributed to social security get pensions something that is there in india also and education has been weakened to let private players have a role as they themselves are part of govt or fund the political parties, you will see the same thing about public education soon in US eventually if i have to make a prediction. Already there are cuts to the education programs teachers in quite a few states.

And after the verbal diarrhea of poor people suffering, you are okay with people hoarding black money as they will be better managers and that creates an imbalance in the society by flouting tax norms and create a parallel govt. that is why i said you are a troll - anything to keep arguing.

[Telugodura456]

4 minutes ago, telugu_fan said:

apparently according to you something hasn't worked so keep doing the same thing again and magically hope everything gets right.

USA and india can't just be compared with the tax that is collected - the govt has the ability to track the formal economy and their universal health care mandates didn't come in till Obama time, something Ayushman Bharat in India also tries to do since 2018.

In the US as far i know people who worked and contributed to social security get pensions something that is there in india also and education has been weakened to let private players have a role as they themselves are part of govt or fund the political parties, you will see the same thing about public education soon in US eventually if i have to make a prediction. Already there are cuts to the education programs teachers in quite a few states.

And after the verbal diarrhea of poor people suffering, you are okay with people hoarding black money as they will be better managers and that creates an imbalance in the society by flouting tax norms and create a parallel govt. that is why i said you are a troll - anything to keep arguing.

rey - they are something you can replace , they are something you simply have to make them better. Will you go get replace you son with anther kid because your son is not doing well?. use some brain.

Income tax is the ONLY agency which knows and which has responsibility around black money.

I did not say I am ok with people hoarding black money/ I asked you some questions to know whether you even thought through your paronia about "black" money.  What parallel govt ? it is a parallel govt ONLY if they use force.

You want all money to be given to govt under babus and neta - at the same time you say govt agencies like income tax are worthless. So you want money to be wortheless/

They are so many contradictions in what you say i dont think you realize what a clown you are.

[telugu_fan]

26 minutes ago, Telugodura456 said:

rey - they are something you can replace , they are something you simply have to make them better. Will you go get replace you son with anther kid because your son is not doing well?. use some brain.

Income tax is the ONLY agency which knows and which has responsibility around black money.

I did not say I am ok with people hoarding black money/ I asked you some questions to know whether you even thought through your paronia about "black" money.  What parallel govt ? it is a parallel govt ONLY if they use force.

You want all money to be given to govt under babus and neta - at the same time you say govt agencies like income tax are worthless. So you want money to be wortheless/

They are so many contradictions in what you say i dont think you realize what a clown you are.

If your son is not doing well, you will try to change his routine or try something new, as getting him coaching for education or sports or anything else. If your son is not doing well, asking him to do the same thing again and again will "seldom" change anything. Ofcourse if your understanding/procedure to train kids itself is wrong, whether you have another one or 10 children there will be no difference.

Try understanding what is written before simply writing back.

Show me where i said the IT dept are worthless. I said their ways didn't yield the desired results as in they are inefficient (oh and the IT guys have now started tracking using dashboards to track for filed returns for any discrepancies in larger returns after demonetization). 

Informal economy is a problem - not cash, the fact that unaccountable money can be used to create fissures in the society or continue to maintain undue advantages to unlawfully while barring newer entrants to do business is a problem. 

[Telugodura456]

3 hours ago, telugu_fan said:

If your son is not doing well, you will try to change his routine or try something new, as getting him coaching for education or sports or anything else. If your son is not doing well, asking him to do the same thing again and again will "seldom" change anything. Ofcourse if your understanding/procedure to train kids itself is wrong, whether you have another one or 10 children there will be no difference.

Try understanding what is written before simply writing back.

Show me where i said the IT dept are worthless. I said their ways didn't yield the desired results as in they are inefficient (oh and the IT guys have now started tracking using dashboards to track for filed returns for any discrepancies in larger returns after demonetization). 

Informal economy is a problem - not cash, the fact that unaccountable money can be used to create fissures in the society or continue to maintain undue advantages to unlawfully while barring newer entrants to do business is a problem. 

you are just being tedious now. I did not say make income tax agency do the same  - i said make them BETTER. how dumb you must be not to comprehend elementary conversation.

Their ways didnt yeild means - they cannot find another ways ? what crap.

So you want this government which has no means to improve take all peoples money ?

unaccountable money creating fissures - LOL. The parnoia is strong here - i remember than chennai crackpot lawyer connecting kashmiri stones with demonetization. The saying patriotism is the last refuge of the scoundrel very much applies here.

So what do you want govt to do with the money ? it spends on subsidies, direct money transfers and 50% employement for reservation and 10% for EWS. thats good for economy in your opinion ?

[telugu_fan]

6 hours ago, Telugodura456 said:

you are just being tedious now. I did not say make income tax agency do the same  - i said make them BETTER. how dumb you must be not to comprehend elementary conversation.

Their ways didnt yeild means - they cannot find another ways ? what crap.

So you want this government which has no means to improve take all peoples money ?

unaccountable money creating fissures - LOL. The parnoia is strong here - i remember than chennai crackpot lawyer connecting kashmiri stones with demonetization. The saying patriotism is the last refuge of the scoundrel very much applies here.

So what do you want govt to do with the money ? it spends on subsidies, direct money transfers and 50% employement for reservation and 10% for EWS. thats good for economy in your opinion ?

I am asking what other means you have , cause i haven't seen any journalists/intellectuals say about those so called another ways.

Whether you like it or not stone pelting went down during and after demonetization. people are also paid for stone pelting. Ignorance is bliss for people like you.

I am bowing out of this pointless argument where you can't suggest any workable solutions other than saying I have already pointed. Somehow your methods are missed by the news channels and journalists and self styled intellectuals which could have been suggested to reduce people's suffering.

So long troll, what ever makes you sleep at night.

[Telugodura456]

11 hours ago, telugu_fan said:

I am asking what other means you have , cause i haven't seen any journalists/intellectuals say about those so called another ways.

Whether you like it or not stone pelting went down during and after demonetization. people are also paid for stone pelting. Ignorance is bliss for people like you.

I am bowing out of this pointless argument where you can't suggest any workable solutions other than saying I have already pointed. Somehow your methods are missed by the news channels and journalists and self styled intellectuals which could have been suggested to reduce people's suffering.

So long troll, what ever makes you sleep at night.

I already mentioned the means - it is not rocket science to figure out tax evasion. Moreover it is not even such a huge problem to create so much misery. you are simply too emotional to register them.

If indian govt is incapable of improving the functionality of say income tax why are so obsessed about it recievgin black money ? what will these incapable guys do with this money ? is it not better to stay with people who will buy something or invest something creating more jobs better ?

Again you have no answers for those contradictions.

instead - dutifully- you raised "threat to nation" - "india khatre me he" style nonsense for a pure financial decision applying the principle of patriotism being the last refuge of scoundrel. As if incapable indian govt agencies dont compromise national security.

I know the real reason why you guys obsess over black money. And that has nothing to do with formalization or national security.

 

[Sucker]

3 weeks nundi Ind la vuntunna. Intha varaku wallet anedhe bayataki theeyaledhu airport ki pothe passport thappa. No chillar lolli in small shops no cash carrying. I don't know about GST and other stuff like political stunts nenu ippudu Ind shittizen kaadhu so I don't care but I like these changes. Simple ayyindhi life especially UPI payments tho. 

[Sucker]

On 11/8/2022 at 4:19 AM, kasi said:

I'm not understanding what are you trying to say here

Tea stalls are using phonepay, and love the adaptation.....faster adaptation than any western nation.....and who did it???? How fast could have migrated???

Unless big whales and larger transactions most of it is no cash...I was able to transfer 75,000 using phonepay......is there room to improve, hell ya.....but going in the right direction 

 

Yes about banks, they are following western trends towards a capitalistic society

Yeah anna Jebu la asal wallet lekunda bayata thiragochu phone vunte chalu. Yep I like these changes. Dheenamma US la kuda intha easy le payments. 

[Telugodura456]

7 minutes ago, Sucker said:

3 weeks nundi Ind la vuntunna. Intha varaku wallet anedhe bayataki theeyaledhu airport ki pothe passport thappa. No chillar lolli in small shops no cash carrying. I don't know about GST and other stuff like political stunts nenu ippudu Ind shittizen kaadhu so I don't care but I like these changes. Simple ayyindhi life especially UPI payments tho. 

UPI payments was a long term project of RBI. Implemented very slow but it is inevitable. 

Anyway - smart phone kavala dhiniki or will nokia type old phones work ?

[Sucker]

1 minute ago, Telugodura456 said:

UPI payments was a long term project of RBI. Implemented very slow but it is inevitable. 

Anyway - smart phone kavala dhiniki or will nokia type old phones work ?

Smartphone.

[Telugodura456]

Just now, Sucker said:

Smartphone.

so aa china vaadi manufacturing capacity kavalanna maata. ofcourse RBi implemented some software.

But without chinki guys making cheap smart phones/routers/ telemcom gear all this is not feasible.