Rs 500 and Rs 1,000 notes pulled out of circulation immediately in India !


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sguk   
Member since: Mar 09
Posts: 327
Location:

Post ID: #PID Posted on: 16-11-16 15:21:04

Another Modi fan who doesn't like my posts. :(

Anyways, here is another interesting article.



BENGALURU: Questions are being raised on why the income tax department is not investigating the source of funding for former minister and mining czar G Janardhan Reddy?s daughter?s wedding to be held in Bengaluru?s posh Palace Grounds on Wednesday, causing huge embarrassment to the BJP top brass.

RTI activist Narsimha Murthy filed a petition with the income tax department on Tuesday making this demand, citing media reports the wedding of Reddy?s daughter Brahmani is being held at a cost of Rs 500 crore.

He also referred to reports that an entire fake village is being constructed at the Palace Grounds for the wedding and asked: ?How did a notorious criminal, who has spent the last three-and-a-half years in jail, get so much money to spend on his daughter?s wedding?


Murthy said the IT department had said they were investigating the matter. He contended, however, that he had appealed to them o accompany him to the wedding venue and see for themselves the scale.

?They have not done so. Nor has the ED or CBI taken any action. Why will they? He has invited Prime Minister Narendra Modi, the entire Union cabinet and the state cabinet also,? he contended.

Youth Congress state president Rizwan Arshad, who staged a protest against the way the demonitization was taken up, said: ?The BJP?s stand on black money and their declared war on demonitization is sheer hypocrisy in the face of this wedding by their party man. They have not expelled Reddy from their party, they are utilising his services even today and have helped him out of legal trouble as soon as they came power. And no department has dared to question a BJP leader who is flaunting 100s of 100s of crores of rupees even today.?

The reported scale and lavishness of the wedding has pushed the state and central BJP leaders into an uncomfortable situation. Several state unit leaders told ET, off-the-record: ?It has made it impossible for us to attend his daughter?s wedding, even for courtesy?s sake. Now, just after the PM?s surgical strike on black money, how can we attend a wedding that is being celebrated like this?

Read more at:
http://economictimes.indiatimes.com/articleshow/55445558.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst


Quote:
Originally posted by sghosedelhi

Hello everybody,

I have come back to the site after a long time but I am amazed with the vitriolic flavor of sguk against Modi. Is it because you are an affected person in Gujarat and mistakenly attributing it to Modi.Isn't it a fact that there have been no riot in Gujarat since he became CM otherwise we used to see riots every year. Have you ever seen a government and its group of top ministers working the way all our present ministers are working.

My understanding is that the NRIs are slightly more understanding of the economic factors compared to regular Indians and in light of that, I would say that what Modi has done is phenomenal. The world bank has acknowledged it and let us say that if you are carrying a big sum in cash the way it is being talked about in the messages here then it is this money which Modi wants to root out.

So relax and enjoy the good days for India. Jai Hind!



febpreet   
Member since: Jan 07
Posts: 3252
Location:

Post ID: #PID Posted on: 16-11-16 17:22:33

Quote:
Originally posted by sghosedelhi

Hello everybody,

I have come back to the site after a long time but I am amazed with the vitriolic flavor of sguk against Modi. Is it because you are an affected person in Gujarat and mistakenly attributing it to Modi.Isn't it a fact that there have been no riot in Gujarat since he became CM otherwise we used to see riots every year. Have you ever seen a government and its group of top ministers working the way all our present ministers are working.

My understanding is that the NRIs are slightly more understanding of the economic factors compared to regular Indians and in light of that, I would say that what Modi has done is phenomenal. The world bank has acknowledged it and let us say that if you are carrying a big sum in cash the way it is being talked about in the messages here then it is this money which Modi wants to root out.

So relax and enjoy the good days for India. Jai Hind!



So, you are pretty much saying that Modi can't be criticized? What a flawed argument.



Chamgadad   
Member since: Sep 12
Posts: 28
Location:

Post ID: #PID Posted on: 16-11-16 19:29:16

In George Orwell's Animal Farm Pigs cleverly use the collective vocal power of foolish sheep to raise lot of slogans so as to kick out corrupt human masters.
Once mission is accomplished, the pigs become as corrupt as humen beings. And guess who do they use to from out the protests of other animals - sheep of course. At every protest of fellow animals Sherp are told yell nationalistic slogans - 4 legs good, 2 legs bad - or Jai Hind.
The sheep will understand the reality at the end when they see the butcher's knife
Or if they read Animal Farm.
Since both above things are not happening let's convince ourselves that we can't convince them.
I think NRIs are out of luck unless they travel back to India before the deadline.
And even then the amount of paperwork nonsense and Indian babudom wil make this a frustrating mission impossible.



Full House   
Member since: Oct 12
Posts: 2677
Location:

Post ID: #PID Posted on: 17-11-16 00:48:25



Here is an article that I researched and found worth reading and putting it into a right perspective will enlighten us as to how our monetary system was getting diluted by other forces that were beyond our control. I did not get to know their operations till it came to light. Now it has been stopped. Please read on....:

Malda, India's fake currency capital, is feeling the demonetisation pinch

Subrata Nagchoudhury Subrata Nagchoudhury13 November 2016

View photos. :

The government?s announcement on Tuesday night to demonetise Rs 500 and Rs 1,000 notes is a massive blow to Kaliachawk. This border town in the West Bengal district of Malda is the ground zero of the fake currency network in India, with the counterfeit notes making their way in from Bangladesh through the border. Many residents of the town make their living from this illegal trade, mostly working as couriers. And all fake Indian currency notes, known as FICN, seized across the country are more often than not traced back to Kaliachawk.

In the days since the big currency notes were rendered illegal tender, the flourishing undercover business of counterfeit cash running into crores has come to a screeching halt overnight, unsettling hundreds of people. The border has fallen silent. There have even been rumours of currency notes being dumped in rivers and fields.

The Border Security Force, which dedicates a large amount of its time to keeping a watch on this illegal trade, is a relieved lot. But they say the business will be up and running again.

?We are looking at a time frame of one month to three months before we make the first seizure of a fresh consignment of fake Indian currency, this time most likely Rs 100 notes,? said a senior BSF officer who did not want to be identified. ?That?s our feedback from across the border in Bangladesh.?

The officer said inputs suggested the government?s move to clamp down on black money had hit big dealers in counterfeit currency in the neighbouring country and several thousand couriers on either side of the border. ?But the duration of a FICN-free market place is going to be short-lived,? he warned.

But for now, the border force will relish this lull. ?The overall and immediate impact of the currency ban has been stunning all along the India-Bangladesh border,? said special DG RP Singh. ?The Central government?s move has come as a big relief to the force engaged in these areas and particularly in districts like Malda in West Bengal.?

The BSF covers 4,096 km of the border with Bangladesh in the five states of West Bengal, Assam, Meghalaya, Mizoram and Tripura.

The illegal trade

Trending

Malda, India's fake currency capital, is feeling the demonetisation pinch. :

Five reasons why demonetisation has turned into a policy quicksand. Caught on camera: Heartstopping footage of commuters stopping a woman from walking into a train Malda sector, in BSF parlance, has a border of 223 km with Bangladesh, of which about 150 km is fenced while the rest is mostly riverine, open border. The shifting sands of the Ganga create charland ? raised land as a result of silt deposition ? on this non-demarcated border during the winter months, while its gushing waters wipe away the border in the monsoon. The border is said to have 58 outposts and a 2,500-strong contingent of the BSF to man these.

According to security forces, the trans-border trade in fake currency is done mostly along the fenced border. Picking spots where vigil is slack, couriers from Bangladesh toss up the consignments in plastic packets for their counterparts on the Indian side to pick up.

?The movement is done in chains,? explained a security official who did not want to be identified. ?From the point of origin of the consignment in Bangladesh to the destination in Kaliachawk, there would be no less than 20 to 25 couriers in each chain. Each person in the chain normally covers a distance of 100 meters to hand over the consignment to the next one in the chain. It is an intricate network and very difficult to trap and dismantle.?

View photos.

The fake notes then make their way across the country in various ways, the most prolific method being through syndicates dealing with the construction business in states like Pune, Maharastra, Delhi, Chennai, Bengaluru and Kerala. Construction workers from Malda and Murshidabad, another district in West Bengal, have often been used as couriers of fake currency to other states.

In April 2014, the Pune police arrested a resident of Malda with fake Indian currency valued at Rs 1,96,000, which had been sourced from Kaliachawk. In December 2015, the Special Operations Group of the Mumbai crime branch arrested two brothers from Murshidabad with fake notes worth Rs 8,00,000. The police claimed the arrested men had admitted they had delivered around Rs 1.5 crore in fake currency to Delhi, Gujarat and Maharashtra in the last two years. In 2014 and 2015, 150 cases of fake currency seizures across the country had their origin in Kaliachawk.

Such seizures ? often said to be the tip of the iceberg ? registered a sharp spike in these two years. According to official statistics, fake currency seized in the South Bengal Frontier, including Malda, totalled Rs 3.6 lakhs in 2012, Rs 80.9 lakhs in 2013, Rs 1.7 crores in 2014, Rs 2.6 crores in 2015 and Rs 1.3 crores this year till October. Officials said there had been a slump in the trade since the terror attack on a caf? in Dhaka in July.

According to a BSF officer who has done research on the circulation of fake Indian currency in the area, the Dhaka terror attack was a turning point for the illegal border trade. ?The illicit border trade has been somewhat volatile since July after the terror attack, which called for better coordination between the Bangladesh Border Guards and the BSF,? he said. ?Surveillance by the Bangladesh Rapid Action Battalion and Border Guards on their side and by the BSF and the National Investigation Agency on the Indian side was stepped up.?

All is quiet on the border now..

The slump can be seen all along the border in Malda.

?I made a round of some of the border outposts on Wednesday morning,? said a Border Security Force officer who deals mainly with fake currency matters. ?A vast majority of the youth on the border seem to have lapsed into wait-and-watch mode with anxiety written large on the faces of these syndicate members dealing in FICN. They are familiar faces. But suddenly, there are no takers and no suppliers as there is no demand. There was least activity on the border. An all pervading lull greeted me as I traveled through the winding roads.?

The officer, speaking on condition of anonymity, said the force had received a tip-off about a consignment from Bangladesh having landed in Kaliachawk almost coinciding with the demonetization announcement on Tuesday night.

?Earlier, we would have rushed to the spot, lest it find passage elsewhere,? he said. ?But this time we just did not respond. Who will touch this currency now? They are as good as waste paper.?

He added, ?I checked with my sources across the border in Bangladesh and the same despondency seems to have struck dealers on the other side.?

Santosh Das (name changed) lives in Churiantapur, considered one of the most porous points on the border as far as the illicit currency trade is concerned, and witnessed the sudden halt in the business. ?The scene has changed radically overnight,? he said. ?The mafia groups who would be running up and down the border roads in their motorbikes are suddenly missing. It?s been a bolt from the blue for them. And there have been rumours about fake currency notes being found in abandoned fields and in adjoining rivers.?

Swadhin Sarkar, the Bharatiya Janata Party MLA from Baishnavnagar in Malda, said, ?I do not know about fake currency floating in the river but in Doltola area of Kaliachawk some fake currency was found abandoned in a field.? He added, ?Local kids took those away and the police were not informed.?

Sarkar also said the lull in the counterfeit currency trade came with other risks. ?We are worried about the mafia groups who dealt in currency and what their next step will be,? he said. ?Many fear that criminal activities like robbery, snatchings and assault might increase.?

But for the Border Security Force, the lull gives them a chance to deal with other clandestine business in the area.

?Our main energy was diverted towards dealing with the fake currency network,? said a BSF commander who did not want to be identified. ?The fake currency trade was driving other clandestine operations like cow smuggling and trade in opium and illegal arms. Local contacts say the illegal trade is concentrated in villages like Churiantapur, Char Sujapur and Pardeonapur on the Indian side and Thutupara, Kusumpur and Ghughudanga on the Bangladesh side. We are reassessing our priority areas now with the focus on fake currency totally eliminated.?

Another BSF official said the force would be keeping an eye on the border population involved in the fake currency trade as they may venture into other areas of smuggling, such as electronics, gold, mobile phones, cows, narcotics, arms and even essential commodities.

However, district police administration officials were sceptical about the halt in the illegal currency trade lasting too long. ?It is just a matter of months before we hear about fake currency having landed in Kaliachawk in denominations of Rs 100 and also the new Rs 500 and Rs 2,000 notes,? said one official.

The officials added that Bangladesh wasn?t the only source of fake currency. Police investigations had found that large-scale manufacture of the notes may also be done in Pakistan and the consignments transported to Dubai or Nepal for entry into India, they said.

Good Reading.

FH.



sguk   
Member since: Mar 09
Posts: 327
Location:

Post ID: #PID Posted on: 18-11-16 12:30:40

Another fan of Modi. This is what Modi represents. Anti-Muslim rhetoric to rise to power.

His supporters tell us, that the law doesn't allow any rupees to taken outside of India. Did Modi (and his supporters) follow the law whilst CM ?

We see their thoughts now out in the open.


Quote:
Originally posted by zindabad

Sorry to mention that but due to demonetisation Muslims are mostly affected . Not all Muslims are corrupt but they are more in number % wise . Now they won't get any money ( fuel ) to do communal riots . If you search any hawala operator you may find mostly they are muslims . We NRIs are on loss as we are not able to convert our money here . I hope gov will do something to address our concern just wait till 30th december . This government is very sensible and will find out some solution for NRIs .I think government's only concern will be to not to use this window ( convert NRI money ) by corrupt people to convert their black money through NRI route . If they gov. find out measures to deal with that then sure gov will make arrangement for NRIs to credit their amount in Banks abroad .

I already wrote on below ....

http://pgportal.gov.in/

http://pgportal.gov.in/pmocitizen/Grievancepmo.aspx</font>




sguk   
Member since: Mar 09
Posts: 327
Location:

Post ID: #PID Posted on: 18-11-16 15:44:37

Have called Indian embassy (US & CA) - they don't really know. No reply on FB (pmo & Modi's profiles).

I saw online that many people are trying to tweet. You can check the tweets all the way back to last week.

https://twitter.com/hashtag/whataboutnris?f=tweets&vertical=default

No reply from anyone on twitter. Keep trying & don't give up and get dishearten :p


Quote:
Originally posted by hchheda

I think we have to be a little patient and let them workout modalities for exchange process for all residents outside India. Clearly since you are not visiting India until March 31 next year, you don't need the cash right away. Counting days and unnecessarily panicking is not going to help anyone.

Imagine, these steps were taken even in the past, but without the kind of alternate options like the present - what must have been the hardships our parents and grandparents faced.

$500 in Indian currency is not a crisis for us at present compared to the hardships being faced by our brothers and sisters in India. I am sure, once they have settled down, the exchange process for residents outside India will be introduced. In the meantime it is good idea to email them or post messages on the PM's social media handles. They have been actively responding on the social media.

If anyone has any ideas how this could have been better implemented without compromising the secrecy for desired impact should also voice your suggestions on all the above contact platforms. It might help them plan the next action better.

Hiren





JRF   
Member since: Jul 04
Posts: 1853
Location: GTA, Ontario

Post ID: #PID Posted on: 23-11-16 22:38:26


Is there any proof..

Quote:
Originally posted by futureguy
SBI bank which is a nationalised quietly buried & wrote off $ 1 Billion dollar loan given to Adani group, as Adani is Modi's man. Adani Group entire debt is equal to the Farmer's entire debt in India !




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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM



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