How Mr.Modi is Removing 500 and 1000 notes in his UNIQUE Style? (Nobody is taking about).
How Mr.Modi is Removing 500 and 1000 notes in his UNIQUE
Style? (Nobody is taking about).
Greetings from Hitesh! I have
received lot many emails and WhatsApp praising my DIWALI GIFT of asking
questions to you. Readers could see that they got control of their situations
immediately after asking those questions to themselves. Let me deal with today’s
subject. Some time back MEDIA was talking about CANCELLING 500 and 1000 notes
to stop the BLACK Money. Even BABA RAMDEV had made the same suggestion.
How do we see the suggestion?
The SUGGESTION of CANCELLING 500
and 1000 notes is like killing the person with GANGRENE in right foot. The best
way is to cut that much AREA. Any doctor would suggest that only. No DOCTOR
will advise to kill the person. Am I right? Then how come they are recommending
such a STEP when it comes to CURRENCY NOTES? I do not agree with MEDIA and BABA
RAMDEV. Even Mr.Modi is also not agreeing to this. He has SMARTER ways. Let us
see what he has done since 2014.
Re-introduction of KVP:-
In November 2014, the scheme was
reintroduced. Thought the figures of investments are not available – but that
was the scheme to collect the cash and bring it in official channel by the
GOVERNMENT.
JAN DHAN Accounts:- There are about 22 crs accounts
and they have Rs.44000 Crs as collective balance - an account which was opened
with Rs.1 as a balance!! See he collected a good amount of money. Lot of CASH
has come into main channel.
GOLD Schemes:-
Gold Monetization scheme /
Sovereign Gold Bond scheme are also doing their own role to bring the money in
to the BANKING CHANNEL.
Income Declaration Scheme:-
Govt. collected close to Rs.1 lakh
crs under IDS. Now, Govt officials are doing raids to collect more and more
amount from the guys who they think have money but did not declare.
If you look at all the initiatives
– he is 100% aware of what he is doing and he is on the right path.
PAN CARD Use:-
Depending on where you spend the
money – PAN CARD number is made mandatory for all the cash transactions from
Rs.50000 to Rs.5 lakh. So, he is controlling that also.
Why CURRENCY CANCELLEATION is useless?
The real big guys who have real
big cash – have the best legal consultants to guide them to deal with their
cash. So, if Govt. cancels the currency – they have the legal ways to replace it
with the new notes.
To cancel and issue new currency
is a very costly affair for the economy, which is just managing to grow. The
ideal way is to stop them using the cash or raid them and collect the TAX. Mr.Modi
is smarter than the most economists and he is doing just that.
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