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  #76  
Old November 12th, 2016, 12:23 PM
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Wink Re: Run Black Money Run!

Fire on the mountain.. run run run

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  #77  
Old November 12th, 2016, 01:48 PM
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Re: Run Black Money Run!

singapore is comparing modi with it's own strong leader lee kuan yew

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  #78  
Old November 12th, 2016, 07:16 PM
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Re: Run Black Money Run!

The guy's name is Anil Bokil from Pune of aarthkranti, I'm surprised Modi is not giving due credit to where the credit is due but gloating about himself In Japan. This is one aspect I don't like about him. He deserves huge credit for implementing it for having shown the political will.

He is saying few more things. Abolish all taxes, no tax filing. Plain 2% tax on anytime money is deposited in the bank. This will motivate people to pay taxes and limit the maximum denomination to Rs 50/-

Last edited by Jaggudada; November 12th, 2016 at 07:20 PM.
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  #79  
Old November 12th, 2016, 07:43 PM
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Re: Run Black Money Run!

How do you know he had the original idea.. if he wants credit he should be Finance Minister :P
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  #80  
Old November 12th, 2016, 08:34 PM
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Re: Run Black Money Run!

Quote:
Originally Posted by sarv_shaktimaan View Post
How do you know he had the original idea.. if he wants credit he should be Finance Minister :P
Check this article of 11th Jan 2014 http://www.sabhlokcity.com/2014/01/a...-tax-proposal/
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  #81  
Old November 12th, 2016, 10:07 PM
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Re: Run Black Money Run!

i wonder what is going to be the impact of this on redevelopment .

especially many peoples' buildings have been already demolished . but with the real estate sector hit hard , will the builder still have incentive to rebuild the buildings ? several people i know are in this state where their buildings have been demolished for redevelopment and new ones not rebuilt yet . will they get their new buildings on time ? at present they are living in other apartments with rent paid by builder . but there have been cases in the past where builder has refused to pay rent when he finds the rebuilding not economic enough . can anybody tell ?
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  #82  
Old November 13th, 2016, 06:55 AM
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Arrow Re: Run Black Money Run!

Quote:
Originally Posted by swami View Post
Black money hoarders ? Bhai common man fearing cash crunch as people mostly carry 500 and 1000 notes,what do you get for Rs 100 ? A wada-Sambhar + Chai + tip will make you lighter then 100+

Rs 100 is the new Rs 10
And I had fantasies and orgasms about cost of living being low in Mumbai.

Bengaluru or Mysuru is on a par with Mumbai.

Your post is an eye-opener.

Last edited by werewolf2; November 13th, 2016 at 07:02 AM.
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  #83  
Old November 13th, 2016, 07:55 AM
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Re: Run Black Money Run!

Quote:
Originally Posted by prajapati View Post
Jagguji, have you made up your mind on whether you support or oppose this move. a couple of your own lines may say more than all these whatsapp messages you forward.
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  #84  
Old November 13th, 2016, 08:16 AM
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Re: Run Black Money Run!

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  #85  
Old November 13th, 2016, 08:18 AM
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Re: Run Black Money Run!

From my Facebook post this morning -

I'm missing out on all the fun since govt announced demonetization in India .. Elderly folks unable to walk have begun walking, some people have paid servants in advance for the next 2 years, the seemingly poor neighbor or friend has wads of cash he needs help with, acquaintances are calling in.. exciting times !
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  #86  
Old November 13th, 2016, 11:08 AM
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Re: Run Black Money Run!

Quote:
Originally Posted by prajapati View Post
Ok folks, what you think ? yr insight please .
......

Answer this question .. it will answer yours!


Finally some insight from you. BTW, If you are against this move, why are you posting messages supporting this one. Anyway, here we go

Quote:
Originally Posted by prajapati View Post
Ok folks, what you think ? yr insight please .

"Undeclared wealth or Black Money or Shady economy " is a vast subject, covering all underground wealth including Cash. Underground wealth is also held in the form of Real Estates (immovable properties), Gold, Deposits in foreign Banks and stock markets (Equity). The present demonetisation move by the Govt. can put pressure on only the Cash hoardings and not on other assets.

If this exercise is aimed to unearth the hidden wealth then I would say, the achievement is too marginal.


I say,..Stacked black money finds its way after marginal losses. In a nutshell, the rich will still retain 60%-70% of their reserves easily.


^^
About half of country's GDP is supposed to be black money. even if 25%* of that is flushed out with this, this is a massive strike. We will get the true pic only next year
* I am using upper end of your number 70% and adding 5% to it. So 100-75 = 25%
Quote:
Originally Posted by prajapati View Post
The hoarders of Black money (Cash) can easily escape by simply converting it into some other form like Gold.
al.

If it is to flush out the counterfeit currency, then it is a big achievement. For that this surprise announcement is not necessary !

This surprise announcement of the "demonetization move" has put undue pressure and hardship on every common man.

Then why the facking haste?

Why 8th November and not six months later when they had enough cash for public?

Its a hasty decision with very bad timing and zero preparation!

What will you call a person who believes that the currency of whole nation can be changed in 50 days while keeping a physical record of every single note?


^^
Wow, you finally seem to be getting into Sabzi Tarkari wala EC Language. One big aspect of this is the surprise factor. If there was too much groundwork, the news would have leaked and the whole exercise would have been meaningless.
Quote:
Originally Posted by prajapati View Post
And among the disastrous time in nation, rather than overlooking the smooth flow of such important and delicate procedure our 56' chested fufiya is sitting in Japan .. scared for his life .. and making jokes about Demonetizing our currency.

Waiting for cards to unfold

No flat prices will come down. Only date for possession will be delayed indefinitely.

Salaried people will still buy flats with bank loans as they are already doing. You guys will never be able to buy a piece of land with your income alone unless you are a selected few hot shot.

Secondly, Mhodi ji is unable to set any trap for hawala or builders that is why he had to burn the whole nation down to change currency. Bas ki hoti to ye naubat na aati!


not only modi ruined poor people's daily living but now he agreed on importing japanese nuclear reactors too to india and soon another fukushima nuclear disaster will happen which will swallow entire nation. before his electoral time get over india will become one of the poorest nation and most of the regions will be unsuitable for living due to nuclear radiation. taking swach bharath added tax and polluting india with nuclear radiation, ache din, ache din. abe ke bar modi sarkar . religious intolerance, beef ban, swach bharath tax, increased gst tax, limiting online sales, banning currency, increasing nuclear reactors and nuclear weapons, going for war hastily. what all indians needs to see till before his time is over.

bad, very bad decision, whole business sector in india is affected very much especially small scale sellers. impact of this is very large, some of the people going to get benefit is govt banks like sbi, non nationalized banks will lose all business and will close soon. poor people depend on them and no more easy loans. poor people loss jobs, almost all money transactions through bank only and people reluctant to buy, give wages to people etc. real estate sector full in stand still mode as all transactions need to made via bank to account for tax so no more people able to sell their property at good prices.

this the tax money from Demonetization spent well. Else you would kep forwarding fb and whatsapp messages on Delhi pollution. My take is that all this global warming wont go unless you go for N Power.

Quote:
Originally Posted by prajapati View Post
Salaried people will still buy flats with bank loans as they are already doing. You guys will never be able to buy a piece of land with your income alone unless you are a selected few hot shot.

Secondly, Mhodi ji is unable to set any trap for hawala or builders that is why he had to burn the whole nation down to change currency. Bas ki hoti to ye naubat na aati!

Thats what it is. Some inconvenience for salaried people and big time industrialists. But a good number of golmaal guys like Contractors, real estate walas etc. ki Modi ne *** (refer to tweet shared by Shakti Pai)
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  #87  
Old November 13th, 2016, 11:16 AM
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Re: Run Black Money Run!

Everything in India, from real estate to tomatoes are priced with a lot of inflation/black money.

Say a flat that used to sell for 1 crore inflated price in Bombay, today, is only worth 60-70 lakhs. For a seller, he knows it was priced at 1 crore, how is he going to adjust to new reality? No one wants to even be thinking in his her mind that they are taking so much loss. Especially, you always sell up real estate.

After some years, everything will be re calibrated but in the mean time, we are going to go through a lot of pain. Think about all the Govt employees, their pay is in accordance with the inflation index, now you can not cut their pay because a rupee will be valued more.
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  #88  
Old November 13th, 2016, 11:36 AM
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Re: Run Black Money Run!

Quote:
Originally Posted by prajapati View Post
Many BJP Sootiyas were knowing that demonetization is coming and they had deposited all of their black money in bank in last quarter,...
How is it black money if deposited in banks ?

Whats your definition of black money ?
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  #89  
Old November 13th, 2016, 04:43 PM
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Re: Run Black Money Run!

Quote:
Originally Posted by swami View Post
Do you know any amount deposited above 5lacs in a quarter is reported to the IT department,be it cash or cheque or transfer so those who deposited the money will answer to the Income tax authorities before 31st March 2017

If he had withdrawn lakhs from banks then its accounted money and he should have no problem in exchanging them
You can request you have a wedding in family .. and easily withdraw 5L. Many ways.. i dont wish to state the obvious.

And very easy to withdraw 4K if you just go to branch and sit for an hour max. All people I know personally did that in last 2-3 days. Everybody has minimum 2-4 accounts.. so 4 to 16K easy.. now you buy eggs or condoms it's up to you.

Last edited by sarv_shaktimaan; November 13th, 2016 at 04:45 PM.
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  #90  
Old November 14th, 2016, 04:48 AM
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Re: Run Black Money Run!

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