Carpet bombing on everyone (you can't carpet bomb selectively, that is called surgical strike).

Now regarding your claim about Indian embassy or PMO not reading CD, I have called the embassy (here & USA) multiple times, tweeted and fb.

You should read my posts

Not much time is left. From tomorrow, only 44 days left.

Also, when Modi wanted credibility (to white wash his sins), he reached out to diaspora to send message to Western leaders. Now his chamchas, tell us that we are not a priority.

That is the tale of Modi's raise. Use & dump (like he treated his mentor & protector, Advanji).

High time, Embassy & PMO start reading CD.

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Originally posted by northyork_desi

Why are you talking about common man? When you left Canada, you became a NRI. If you took Canadian citizenship, thats a totally different classification.

For now, NRI or Citizens of other countries are not a priority for India. The govt is working towards helping the common man in India. Once that is settled, I am sure there will be some provisions for NRI's to get their INR exchanged. Remember, that a lot of Indian citizens still work in Gulf. Their interests will certainly be looked after ..soon... I hope.

Also, I agree, this move was carpet bombing on black money hoarders and black market.

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Originally posted by sguk

I meant Bure Din for common man. To spend $2000 trip (all ticket prices are now very high), to save less than $500. Is this Modinomics ?

Also, this is no surgical strike. This is carpet bombing.

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Originally posted by northyork_desi

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Originally posted by sguk

Bure Din are here.

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This is exactly what black money hoarders are saying ...

Picture abhi baaki hai mere dost ... 2 more years plus another term .... hmmm .... I guess thousands of more CD troll posts

In all seriousness, like someone mentioned, dont panic. The cutoff might get extended. If not depending on how much you are losing, make appropriate plan instead of writing on CD. You think PMO or people from India Embassy are reading CD?

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Originally posted by sguk

Carpet bombing on everyone (you can't carpet bomb selectively, that is called surgical strike).

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You fail to address any of the issues raised by folks here & elsewhere.

Intent is simple. Allow NRI/OCI to convert rupees abroad since money abroad is not black money & terrorist linked.

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Originally posted by northyork_desi

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Originally posted by sguk

Carpet bombing on everyone (you can't carpet bomb selectively, that is called surgical strike).

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Why not, is everyone complaining? Only select people are complaining in India too. The rest are okay, as they understand the benefits in the long run, they are willing to sacrifice the immediate hardships. You cant make everyone happy, thats the reality. So if you are unhappy with this move, you try to look for options, without name calling. Or wait till Sonia ji or AK comes to power , maybe they will reverse the decision.

If you had asked for advice without name calling, people would have tried to help you or given options. Since your true intent is now clear to everyone, chances are less that you will get tips on how to go about solving your dilemma.

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Excellent article from Guardian UK

https://www.theguardian.com/commentisfree/2016/nov/15/corrupt-rich-india-modi-500-1000-rupee-note





Narendra Modi came to power in India on a promise to end corruption. Halfway into his tenure, little seems to have happened to achieve this goal. The most obvious steps ? such as taking a strong line on the known illegal accounts held in Swiss banks and tax havens, or ending the ability to hold shares without revealing your identity, or making funding of political parties transparent ? have simply not been taken. People were beginning to murmur that the government had not lived up to its grandiose promises.


So last week Modi did some more of the smoke and mirrors stuff that he is so good at: a shock announcement in a blaze of publicity designed to show that he is serious about ending corruption, even though the actual impact is quite different. At 8pm on Tuesday evening he announced that from midnight all 500-rupee (?6) and 1,000-rupee notes would cease to be legal tender. He said this would flush out all the black money and get rid of the counterfeit notes that were being used by terrorists in their nefarious activities.

Demonetisation of bank notes is a common practice, but it is usually done gradually, allowing time for people to replace the old notes with new ones to prevent too much disruption of economic activity. By contrast this overnight shock is hugely destabilising. The suddenness is supposed to prevent hoarders of cash being able to use it to buy other assets ? but that is a poor argument, since the government could have simply announced a time-bound demonetisation and then tracked large transactions.

In fact, only a small proportion of the funds received from illicit tax-evading activities is kept in the form of cash, and almost never by large players. They tend instead to buy real estate and other property, hold gold and stocks and shares and, most of all, move the money abroad. So this move touches only a tiny fraction of the assets accumulated through illegal activities. In any case, it also does nothing to control the source: not just bribery and corruption, but also inaccurate invoicing by companies, under-reporting of sales values and overstating costs, reporting non-existent transactions and so on. These don?t require cash: they are easier and faster using electronic means. Money on its own has no particular colour; as it flows through different transactions, it changes from white to black to grey.


But currency notes are absolutely crucial to India?s legal market economy. The two cancelled notes account for 86% of all the currency in circulation; over 90% of all transactions are conducted in cash, and over 85% of workers get their incomes in cash. With one stroke Modi dealt a crippling blow to all such exchange, affecting not just the ?black market? he was supposedly targeting, but also almost every Indian. Ironically, the rich ? more likely to be ?cashless? ? are relatively unscathed; it is the poor and the middle classes, hugely reliant on currency for daily activities, who are being battered.

The resulting chaos has been enormous, and shows no signs of ending. Pitfalls with Modi?s grand plan have been worsened by implementation ineptitude. Not enough new currency has been made available, so cash machines are empty and banks are stretched beyond capacity. People have been wasting hours in queues to collect small amounts of cash that are insufficient for normal activity. The new notes have come in the form of an even higher denomination (2,000 rupees) that is unhelpful for daily transactions, since no one has enough change for this amount.

The problems go beyond inconvenience. The lack of cash has reduced consumption and demand, which has had a knock-on effect on sales, traders? incomes, production and employment. Traders are losing perishable stocks, daily labourers cannot find work because employers cannot pay in new notes, and small producers (who mostly don?t get bank loans) cannot get working capital from the moneylenders they rely on. Individual tragedies abound, with children not being fed, an inability to buy medicines for the sick, and, it is being reported, more than two dozen people dying while standing in queues, or being unable to pay for hospitals and medicines with the old money.

Farmers cannot afford to 'bear the pain for 50 days', as Modi asked in his emotional appeal

Farmers are in dire straits, some with freshly harvested crops that cannot be sold, others unable to purchase inputs for the next sowing season. They cannot afford to ?bear the pain for 50 days?, as Modi asked in his emotional appeal, because they stand to lose everything for the last crop and for the coming one. And Indian women, 80% of whom don?t have a bank account, may now find they have to use their stashes of cash, and risk losing control of it, especially in the face of domestic abuse.

Ironically, a flourishing black market has emerged for the old notes, trading at a 20% discount. Big players can get away with a small loss and plan on restarting their illegal activities once the new notes are fully in circulation, since nothing is being done about that. But no one will compensate the millions of Indians who have lost incomes and employment in the intervening period. No wonder, when the government claimed that its latest ?surgical strike? would involve some collateral damage, the Indian supreme court said this was more like a carpet bombing.

Modi?s penchant for optics rather than substance was always annoying; but this time it has acquired truly damaging proportions.

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Originally posted by northyork_desi

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Originally posted by sguk

Carpet bombing on everyone (you can't carpet bomb selectively, that is called surgical strike).

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Why not, is everyone complaining? Only select people are complaining in India too. The rest are okay, as they understand the benefits in the long run, they are willing to sacrifice the immediate hardships. You cant make everyone happy, thats the reality. So if you are unhappy with this move, you try to look for options, without name calling. Or wait till Sonia ji or AK comes to power , maybe they will reverse the decision.

If you had asked for advice without name calling, people would have tried to help you or given options. Since your true intent is now clear to everyone, chances are less that you will get tips on how to go about solving your dilemma.

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Originally posted by sguk


Bure Din are here.

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Read the previous posts first ...

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Originally posted by RBO

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Originally posted by sguk


Bure Din are here.

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Could you please clear what is your intention to spread bad words about steps taken by Indian Govt about black money? i.e. Do you have an issue with Modi or BJP Govt? or do you have an issue that you ends up with significant amount of Indian Rs here in Canada?

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