Discussion Demonetisation of old Rs. 500 and Rs. 1000 currency notes

[Bapun]

Growth has slowed down due to demonetisation: Manmohan Singh - Times of India

 

[Bapun]

Seventy-six-year-old Sathi Bai, who made headlines in January for not having heard about the Centre’s demonetisation, passed away at Varapuzha in Ernakulam district on Thursday night. Sathi, who had stashed away Rs 4 lakh in old currency notes, realised to her horror in January that her money was no longer legal tender. Despite efforts, she was unable to convert her old notes until her last breath.

Kerala woman who didn't know about demonetisation dies, hard-earned Rs 4 lakh left unchanged

 

[Bapun]

https://twitter.com/x/status/908671547979771905

Source

 

[Amit1079]

Looks like demonetization failed completely

 

[Bapun]

"We are not greedy for power. We promised people and we are accountable to them. This government should roll back the prices of fuel or we will continue the protest," said Anil Desai, Sena Leader. The protests were carried out in Borivali, Kandivali, Jogeshwari, Bandra, Kurla, Bhandup, Ghatkopar, Chembur, Dadar, Lower Parel and CST. It was attended by ministers in the current government like Health Minister Dr Deepak Sawant and MP of Rajya Sabha, Anil Desai.

In a meeting at Matoshree last week, Sena had a brainstorming session to decide its future course of action with a major section complaining of step-motherly treatment being meted out to the Sena by its dominant partner in the state.

During the protest Aditya Thackeray said, "It seems all the promises made in the past were false and people want their bure din back. If we look at demonitisation it also looks like a scam. We are protesting because rising prices is injustice to people."

BJPs promises have been false, demonitisation is like a scam: Aditya Thackeray

 

[ABCDEFGH]

Today 1 year ago, Modi ji tore apart our economy

 

[Bapun]

Banned notes converted into stationery by prisoners in Tamil Nadu

 

[Digital Mastermind]

Today 1 year ago, Modi ji tore apart our economy

How ?

Do we deserve demonetisation? We only deserve scams and loot. Some people are missing it .

 

[Sarkar]

Tax-fruits of demonetisation : A direct outcome of demonetisation is a sharp increase in 2017-18 in tax buoyancy (revenues per unit of growth)

The collections till January 15, 2018 represent over 70 per cent of the Rs 9.8 lakh crore revenue target from direct taxes, the Central Board of Direct Taxes (CBDT) said in a statement.

"The provisional figures of direct tax collections up to January 15, 2018, show that net collections are at Rs 6.89 lakh crore which is 18.7 per cent higher than the net collections for the corresponding period last year," it said.

Direct taxes are made up of income tax paid by individuals, wealth tax and corporation tax paid by companies

Direct tax collection jumps 19% to Rs 6.89 lakh crore this fiscal - Times of India
Tax-fruits of demonetisation

 

[piinku1]

Tax-fruits of demonetisation : A direct outcome of demonetisation is a sharp increase in 2017-18 in tax buoyancy (revenues per unit of growth)

The collections till January 15, 2018 represent over 70 per cent of the Rs 9.8 lakh crore revenue target from direct taxes, the Central Board of Direct Taxes (CBDT) said in a statement.

"The provisional figures of direct tax collections up to January 15, 2018, show that net collections are at Rs 6.89 lakh crore which is 18.7 per cent higher than the net collections for the corresponding period last year," it said.

Direct taxes are made up of income tax paid by individuals, wealth tax and corporation tax paid by companies

Direct tax collection jumps 19% to Rs 6.89 lakh crore this fiscal - Times of India
Tax-fruits of demonetisation

But what is the expenditure for demonetisation, Govt. should clarify.