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: 09-11-16 23:06:43

Those ppl burnt train full of pilgrams.

Quote:
Originally posted by futureguy

Quote:
Originally posted by Chamgadad

MOdi is a rascal who pays to the gallery without sparing a thought as to how his reckless actions will affect hundreds of thousands, some of his own well wishers.
First he absolutely ruined the PIO card holders by creating a totally unnecessary convuled process to switch the cards to oci. If pio was to be made valid lifelong why not jus declare it so honour it for life of holder. Instead it's a bloody hell of confusion with each Indian consulate and bls employee having his own explanation.
And now this with zero regard to hardships faced by huge NRI community. If the problem was black money why not allow NRIs the ability to exchange money for a year for a certain limit?
But then again it is so much easier to blame it all on Pakistan!



He is basically a dictator under the guise of democracy. Its his way or the highway. Quite Narcisstic too. Selfie PM. A Chaiwallah who became a PM. Blood of Gujarati Muslims on his hands too.

Unfortunately for a corrupt and lawless country like India, we needed someone like him. The others are far far worse than him. We have tried them all, the Lalu Prasad Yadavs, the Mayawatis, the Jayalalithas, the Sharad Pawars, the Sonia Gandhis, the Phoolan Devis, the Manmohan Singhs, the Kejriwals, the Rahula Gandhis. So we might as well stick with MODI, till something better comes along.

Lot of collateral damage does take place due to his high handedness. But for the greater good of India, it might be good in the long run for him to be in power.

Short term sufferings for long term gain.



elmer fudd   
Member since: Jan 10
Posts: 458
Location:

Post ID: #PID Posted on: 10-11-16 00:31:16


This is not about the little guy or the big fish. This is not even about Modi.

Actually, this is the script of the globalists, which is being followed to a tee by the current regime of Modi and co. (don't worry, neither Congress nor Kejriwal will come to your rescue as knights in shining armour, they are all in it, albeit to a varying degree).

These globalists want all the cash and other forms of wealth of the world to be electronically tagged and placed under govt. surveillance. Govt. surveillance is in effect their own surveillance, as they own govts.

Hence, the move by Modi at the beginning of his term to get most of the poor and uneducated people under the formal banking system. Of course, under the garb of helping them (and it will help them initially).

You would expect a "Hindu nationalist" govt. to resist moves in placing gold belonging to the temples under RBI/govt. The Modi regime actually promoted it under the garb of nationalism! According to them, the citizens and the temples are supposed to voluntarily surrender their gold to the govt. for a period of 10 years (or something like that), and in exchange they get some kind of govt issued ETF's. The govt meanwhile will leverage this gold of yours in international trade. This is burlesque of highest order. Only a fool would trust his govt. with his wealth.

Also Rs. 2,000n ote that the proposed new currency note is rumoured to be electronically chipped and tagged by satellites. If true, then it would make Big Brother very happy.

Yeah, yeah, it will knock out black money out of circulation and end corruption. Morarji also tried these stunts before. Corruption has only increased by several fold.The big fish will, as always, get away. They always do. It will be the small traders/businessmen who will feel the brunt. They (and you) will end up paying first world tax rates and in return enjoy third world services.

Electronic cash may also become a reality in North America. While people will enjoy the initial benefits of convenience and safety, then when the SHTF, they will be holding on to their wieners in their hands and wondering what just happened (accounts cleaned out by banks and seized by govts.).

The only good I see in the current stunt is that Pakistanis and Bangladeshis will see their illegal rackets in Indian currency curbed, at least temporarily.





Chamgadad   
Member since: Sep 12
Posts: 28
Location:

Post ID: #PID Posted on: 10-11-16 09:50:54

Let's leave aside politics religion past and future and focus on problem at hand - what can be done to exchange INR we have in Canada?
Other than sending it with someone going to India or booking a ticket to India before dec 30 there appears to be no other way.
And please do not tell others about possibilities without verifying personally that the method indeed works.
So how do we exchange the few INR in Canada?



febpreet   
Member since: Jan 07
Posts: 3252
Location:

Post ID: #PID Posted on: 10-11-16 15:19:44

Quote:
Originally posted by Chamgadad

Let's leave aside politics religion past and future and focus on problem at hand - what can be done to exchange INR we have in Canada?
Other than sending it with someone going to India or booking a ticket to India before dec 30 there appears to be no other way.
And please do not tell others about possibilities without verifying personally that the method indeed works.
So how do we exchange the few INR in Canada?



Just wondering and thinking aloud here - can you not do so using the State Bank of India's Canadian Branches?



nishant3112   
Member since: Apr 08
Posts: 190
Location: Niagara Falls

Post ID: #PID Posted on: 10-11-16 16:18:54

Quote:
Originally posted by febpreet

Quote:
Originally posted by Chamgadad

Let's leave aside politics religion past and future and focus on problem at hand - what can be done to exchange INR we have in Canada?
Other than sending it with someone going to India or booking a ticket to India before dec 30 there appears to be no other way.
And please do not tell others about possibilities without verifying personally that the method indeed works.
So how do we exchange the few INR in Canada?



Just wondering and thinking aloud here - can you not do so using the State Bank of India's Canadian Branches?



They never pick up the phones and their mailbox is full :-(:confused:



metallurgy   
Member since: Oct 10
Posts: 72
Location:

Post ID: #PID Posted on: 10-11-16 16:25:52

I just visited SBI Canada , Mississauga branch. Lots of people with same enquiry. They accept funds only in CAD or USD. Also they do not provide any kind of currency exchange. Only option is to send money physically to India somehow before March 31st 2017. One person can legally import 25000 rupees worth of Indian currency notes according to RBI.



nishant3112   
Member since: Apr 08
Posts: 190
Location: Niagara Falls

Post ID: #PID Posted on: 10-11-16 16:35:12

Quote:
Originally posted by metallurgy

I just visited SBI Canada , Mississauga branch. Lots of people with same enquiry. They accept funds only in CAD or USD. Also they do not provide any kind of currency exchange. Only option is to send money physically to India somehow before March 31st 2017. One person can legally import 25000 rupees worth of Indian currency notes according to RBI.



Will it make a difference if you have an account with SBI in India? What about opening a new NRO account as someone just mentioned here




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