Hindi News

Key Speech of Prime Minister Narendra Modi in Hisar City on Haryana Elec...

2016-11-23T16:56:00.001-08:00

Watch out Key Speech of Indian Prime Minister Narendra Modi in Hisar City on Haryana Assembling Election. (October, 2014) (Voice : Hindi) (Fast Mode Speech) (First Time on Youtube, This video is recorded at Different Angel, Recorded within Heavy Audience, So Enjoy earthquakes effect in Video.)

Prime Minister Narendra Modi addressed an election rally in Hisar, Haryana. This is the highlights of his speech in Hisar Rally :

1) I congratulate the youth of Haryana who made India proud in the Asian Games. They are the pride of India.
2) The election is in the last leg. I am confident that Haryana will vote in large numbers and elect a BJP government with a full majority.
3) Haryana saw good and bad days. Sadly, leaders of Haryana worked for their own families only.
4) Some people are dreaming of taking part in elections from the jail, and at the same time also planning to spend their rest of their lives in prison. They are dreaming of taking oath from jail. I do not support criminals and thugs.
5) Is this democracy for serving only one family? Don't you want to be free from this parivaarshahi (Dynastic Politics?)
6) My government runs on the support of the people of India. I don't need support from jails. I don't need support of mafia.
7) BJP is fighting to give development to Haryana. We want to free Haryana from dynastic politics. We are fighting for good governance.
8) Did Congress ever give an answer for their work for 60 years? And then they ask us! At least talk about your sins for 60 years.
9) Congress Party is misleading the farmers.
10) Congress cannot do without 'Kamal'. They have made a man named Kamal an independent candidate.
11) Who decided to give two railway lines and a national highway to Hisar? BJP government decided to do it in its first railway budget.
12) We all watch Amitabh Bachchan play the game of Kaun Banega Crorepati on the television. But Haryana's leaders are playing the game Kaun Banega Arabpati.
13) On the occasion of Nehru's birth anniversary on November 14 to Indira Gandhi's birth anniversary on November 19, these five days all schools, anganvadi are requested to indulge in shram daan and Clean India campaign. There's hi-fi and wi-fi, but we also need safai.
14) Farmers need water and electricity. Through Pradhan Mantri Gram Sinchai Yojana we plan to help farmers to increase their per-acre produce.
15) This is the land of Jai Jawan, Jai Kisan. This is the land of the valour and of the people who till the land. For the soldier, the One Rank One Pension was never cleared by the Congress when they were in power. We cleared it in our firs budget.
16) Let us take an oath to remove all garbage from here before we depart from here and leave this place clean.

Prime Minister said youth needed employment opportunities, and development was essential for generating employment. He said the large gathering at the function venue is proof that the people are interested and keen for development. They want to join the whole world on the path of development, he added.

Referring to the Pradhan Mantri Gram Sadak Yojana, launched by former Prime Minister Shri Atal Bihari Vajpayee, the Prime Minister said his Government would ensure irrigation for the farmers through the Pradhan Mantri Krishi Sinchai Yojana.

About Narendra Modi

The evening of 26th May 2014 as Narendra Modi took oath as the Prime Minister of India after a historic mandate from the people of India.z
Modi played a significant role in the BJP's 2009 general-election campaign. Modi was a candidate in two constituencies Varanasi and Vadodara. The BJP-led NDA won the general election overall and the INC experienced it’s worst-ever defeat.
Modi used Twitter, Facebook, Google Hangouts and holographic projections for campaign appearances. His victory tweet was the most re-tweeted tweet in India.
Narendra Damodardas Modi born 17 September 1950 is the 14th Prime Minister of India.
Born in a poor family in Mehsana, he sold tea in trains as a boy. He joined the Rashtriya Swayamsevak Sangh and became a pracharak. He entered the BJP in 1987 and became the national secretary of the party in 1998.
In 2001, he was made the chief minister of Gujarat and in 2013, was made the BJP's PM candidate. He was the former Chief Minister of Gujarat and ruled the state from 2001 to 2014.
In 2014, Lok Sabha elections, Modi contested from Vadodara and Varanasi and won both the seats.
His focus on development, eye for detail and efforts to bring a qualitative difference in the lives of the poorest of the poor have made Narendra Modi a popular and respected leader across India.

Main Schemes of Narender Modi Government

1) In a first, the Government of India launched three social security schemes for the people of India and also focused on giving pension to the elderly and insurance cover to the poor.
2) In July 2015 the Prime Minister unveiled the Digital India Mission to create a Digital India where technology plays a key role in bringing a qualitative change on people’s lives.
3) On 2nd October 2014, Mahatma Gandhi’s Birth Anniversary the PM launched ‘Swachh Bharat Mission’ a mass movement for cleanliness across the Nation.
4) Narendra Modi launched a scheme for developing 100 smart cities on 25 June 2015.
5) On 22 January 2015, Modi launched two schemes - Beti Bachao, Beti Padhao Yojana and Sukanya Samriddhi Account.
6) In 2016, Narendra Modi announced his target to double the farmers income by 2022. He also launched Pradhan Mantri Fasal Bima Yojana in 2016.
7) Modi launched Pradhan Mantri Jan Dhan Yojana in August 2014.
8) In October 2014, Narendra Modi launched the Swachh Bharat Abhiyan campaign, a national cleanliness drive to eliminate widespread open defecation prevalent in rural areas.

Achievement of Narendra Modi Government

1) Narendra Modi launched the Digital India programme which aims to ensure that government services are available to Indians electronically so as to reduce the amount of paperwork.
2) Railway Stations across the country are being equipped with Wi-Fi technology.
3) As of May 2016, more than 1.04 Crore people have been trained under Skill India Mission launched by him in 2015.
4) The Planning Commission was abolished and replaced with a think tank called NITI Aayog. In October 2014, Narendra Modi government deregulated diesel prices
5) Modi's government also liberalised India's foreign direct investment policies, allowing more foreign investment in numerous industries.
6) In May 2015, the foreign direct investment in India had risen 61% since the previous year. In September 2015, India was the world's top foreign direct investment destination, overtaking China and United States.
7) In September 2014, Narendra Modi introduced the Make in India initiative to encourage foreign companies to manufacture products in India, with the goal of turning India into a global manufacturing hub.
8) In December 2015, Narendra Modi government signed an agreement with Japan to jointly build a bullet train system linking Mumbai and Ahmedabad.
9) India became a member of Missile Technology Control Regime in June 2016.
10) An expansion of the country's water transport network was put forward, with a plan on converting 101 rivers into national waterways for the transport of goods and passengers.

Achievement of Narendra Modi

1) Narendra Modi started a monthly radio program titled Mann ki Baat on 3 October 2014.
2) Narendra Modi government repealed 1,159 obsolete laws in first two years as compared to 1,301 laws in 63 years.
3) Forbes Magazine ranked him the 15th-most-powerful person in the world in 2014 and the 9th-most-powerful person in the world in 2015.
4) In 2016, Narendra Modi statue featured in the Madame Tussauds wax museum at London alongside other world leaders such as Barack Obama, David Cameron and Angela Merkel.
5) Narendra Modi’s clarion call for marking one day as International Day of Yoga received an overwhelming response at the UN. In a first, a total of 177 Nations across the world came together and passed the resolution to declare 21st June as the International Day of Yoga at the UN.

Global Tours of Narender Modi Government

1) Narendra Modi became the first Indian Prime Ministerto embark on a bilateral visit to Nepal after a long period of 17 years, to Australia after 28 years, to Fiji after 31 years and Seychelles after 34 years.
2) His visit to UAE in August 2015, the first by an Indian PM in 34 years, covered tremendous ground in enhancing India’s economic partnership with the Gulf.
3) He was the first to invite all South Asian Association for Regional Cooperation leaders to attend his swearing-in ceremony.
4) The 2015 Republic Day saw President Barack Obama visit India as the Chief Guest, a first in the history of India-USA relations.
5) As of July 2016, Modi has completed 51 foreign trips as Prime Minister of India across 42 countries to strengthen Indian diplomatic relations with them.

Narendra Modi is very active on social media platforms including Facebook, Twitter, Google+, Instagram, Sound Cloud, Linkedin, Weibo and other forums.

About Hisar

It is located 164 kilometres to the west of New Delhi, India's capital, and has been identified as a counter-magnet city for the National Capital Region to attract migrants and develop as an alternative centre of growth to Delhi.
As of June 2012, Hisar is India's largest galvanized iron manufacturing city. Due to presence of a large steel industry, it is also known as "The City of Steel".
Hisar was founded in 1354 AD, as Hisar-e-Firoza by Firuz Shah Tughlaq, the Turkic ruler, who reigned over the Sultanate of Delhi from 1351 to 1388. Firoz Shah also brought the waters of the Yamuna river to the city by means of a canal.
Hisar has a continental climate with very hot summers and relatively cool winters. The most commonly spoken languages are Hindi, Haryanvi and Bagri.

You can try at least once by writing a letter to Prime Minister Narendra Modi for meeting him face to face at the following address :

Hon. Shri Narendra Modi
The Prime Minister of India
Prime Minister’s Office
152, South Block
Raisina Hill
New Delhi – 110 011

In Hindi :

मैंने अपनी पुरी जिन्दी में ऐसा नेता या प्रधानमंत्री नही देखा, जो बहुत दूरदर्शी और विज्ञानिक दृष्टिकोण से भरा हो @ सुखदेव तनेजा

चलो आज के articles में हम आपको नरेंद्र मोदी और उनकी सरकार की उपलब्धि के बारे में बताते हैं। हमने उनकी विस्तृत जानकारी डाली है तो ये articles थोड़ा लबा हो गया हैं। इसको कृपया करके आगे जरूर फॉरवर्ड करे।

मुझे देश के लिए मरने का कोई अवसर नहीं मिला, लेकिन मुझे देश के लिए जीने का मौका मिला है – Narendra Modi

नरेंद्र मोदी – एक चाय वाले से प्रधानमंत्री तक का अद्भुत सफर (Narendra Modi’s Incredible Journey From a Tea-Seller To The PM of India and History of Narendra Modi In Hindi)

नरेंद्र मोदी हमारे देश के वर्तमान प्रधानमंत्री हैं। 2014 के चुनावों में उन्होंने भाजपा (B.J.P) को पूर्ण बहुमत से जितवाया। आज मोदी जी ने अपने व्यक्तित्व से बच्चे बच्चे में देश के प्रति कुछ कर गुज़रने की भावना उत्पन्न की है। Narendra Modi का जीवन बहुत ही साधारण तरीके से शुरू हुआ मगर अपनी मेहनत से उन्होंने असाधारण सफलता हासिल की।

मैं प्रधानमंत्री के रूप में नहीं प्रधानसेवक के रूप में आपके बीच उपस्थित हूँ – Narendra Modi

भारत की आज़ादी के तीन वर्ष बाद गुजरात (Gujarat) के एक छोटे से कस्बे, वड़नगर (Vadnagar) में नरेंद्र मोदी का जन्म हुआ। दामोदर दास मोदी और हीरा बा की 6 संतानों में से मोदी उनकी तीसरी संतान थे। उनका परिवार बहुत ग़रीब था और एक कच्चे मकान में रहता था। दो वक्त की रोटी भी बड़ी मुश्किल से मिलती थी। नरेंद्र मोदी की माँ आस पड़ोस में बर्तन साफ करती थी ताकि अपने बच्चों का पालन पोषण कर सके। उनके पिता रेलवे स्टेशन पर चाय की एक छोटी सी दुकान (Tea Stall on Railway Station) चलाते थे। मोदी बचपन में अपने पिता की चाय की दुकान में उनका हाथ बटाते थे और रेल के डिब्बों में चाय बेचते थे। इन संघर्ष भरे दिनों का मोदी पर बहुत गहरा प्रभाव पड़ा।

माना की अंधेरा घना है, लेकिन दिया जलाना कहाँ मना है – Narendra Modi

मोदी को पढ़ने का बहुत शौक था। वे अक्सर अपने स्कूल के पुस्तकालय में घंटों बिता दिया करते थे। उनके सहपाठी (Classmate) और शिक्षक बताते हैं कि मोदी शुरू से ही एक कुशल वक्ता (Excellent speaker) थे और उनमें नेतृत्व करने की अद्भुत क्षमता थी। वे नाटकों और भाषणों में जमकर हिस्सा लेते थे।

जो निरंतर चलते रहते हैं वही बदले में मीठा फल पाते हैं। सूरज की अटलता को देखो – गतिशील और लगातार चलने वाला, कभी ठहरता नहीं, इसलिए बढ़ते चलो – Narendra Modi

एक विचार लो, उस विचार को अपना जीवन बना लो उसके बारे में सोचो उसके सपने देखो, उस विचार को जियो, अपने मस्तिष्क, मांसपेशियों, नसों, शरीर के हर हिस्से को उस विचार में डूब जाने दो, और बाकी सभी विचार को किनारे रख दो, यही सफल होने का रास्ता है – Swami Vivekananda

कड़ी मेहनत कभी थकान नहीं लाती, वह तो संतोष लाती है – Narendra Modi

1972 में मोदी आर.एस.एस. (R.S.S.) के प्रचारक बन गए और अपना सारा समय आर.एस.एस. (R.S.S.) को देने लगे। वे सुबह पाँच बजे उठ जाते और देर रात तक काम करते।

Narendra Modi ने 1990 में आडवाणी की अयोध्या रथ यात्रा का भव्य आयोजन किया जिससे भाजपा (B.J.P.) के वरिष्ठ नेता काफी प्रभावित हुए।

काम को ही महत्वाकांक्षा बन जाने दीजिये – Narendra Modi

2001 में Gujarat में भयानक भूकंप (Earthquake) आया और पूरे Gujarat में भारी विनाश हुआ। गुजरात सरकार के राहत कार्य से ना खुश होकर भाजपा (BJP) के वरिष्ठ नेताओं ने Narendra Modi को गुजरात का मुख्यमंत्री (Chief Minister of Guajart) बना दिया। मोदी ने काफी कुशलता से राहत कार्य संभाला और गुजरात को फिर से मज़बूत किया। मोदी ने गुजरात को भारत का सबसे बेहतरीन राज्य बना दिया।

एशिया के सबसे बड़े सोलर पार्क (Asia’s Largest Solar Park) का निर्माण Gujarat में हुआ। गुजरात के सभी गाँवों को इंटरनेट से जोड़ा गया और टूरिज़्म को भी बढ़ावा दिया गया (Tourism has also Promoted)।

Gujarat में Modi की सफलता देखकर भाजपा (B.J.P.) के बड़े नेताओं ने Modi को 2014 लोक सभा चुनावों का प्रधानमंत्री उम्मीदवार (Prime Minister Candidate) घोषित किया। मोदी ने पूरे भारत में अनेक रैलियाँ की जिनमें हज़ारों लोग उन्हें सुनने आते थे। मोदी ने सोशल मीडिया (Social Media) का भी भरपूर लाभ उठाया और लाखों लोगों तक अपनी बात रखी।

उनकी सकारात्मक सोच (Positive thinking) के कारण उन्हें भारी मात्रा में वोट मिले और वे भारत के पंद्रहवे प्रधानमंत्री बने (India ‘s Fifteenth Prime Minister)।

उन्होंने कई विदेश यात्राएँ की और भारत की छवि संपूर्ण विश्व में मज़बूत की। इसी कारण विदेशों द्वारा भारत में काफी निवेश हुआ। मोदी ने पड़ोसी देशों से भी काफी अच्छे संबंध बनाए। मोदी ने जन धन योजना (Jan Dhan Yojna), स्वच्छ भारत अभियान (Clean India Campaign), मेक इन इंडिया (Make in India) और डिजिटल इंडिया (Digital India) जैसी कई योजनाओं की शुरुआत की

वे शुद्ध शाकाहारी (Vegetarian) हैं और नवरात्रों के नौ दिन उपवास रखते हैं। मोदी अपनी सेहत का भरपूर ध्यान रखते हैं और प्रतिदिन योग (Yoga) करते हैं, भले ही वे कहीं भी हों।

डरते वो हैं जो अपनी छवि के लिए मरते हैं, मैं तो हिंदुस्तान की छवि के लिए मरता हूँ, इसीलिए किसी से नहीं डरता हूँ – Narendra Modi

ये हमारे गणतंत्र की ताकत ही है जिसने एक चाय वाले को देश का प्रधानमंत्री (Prime Minister) बनने का अवसर दिया।

🙏🏻

Indian Public reaction on Demonetization of 500 and 1000 Notes (Hindi) (...

2016-11-22T22:39:00.000-08:00

From midnight of November 8, 2016, Rs. 500 and Rs.1000 will cease to be legal tender. "These notes are just papers from tomorrow," says the prime minister.

In an attempt to crack down on black money, Prime Minister Narendra Modi has phased out two major currency denominations Rs 1000 and Rs 500 notes.

The announcement was made by the Prime Minister of India Narendra Modi in an unscheduled live televised address to the nation at 8:15 pm IST the same day. In the announcement, Modi declared circulation of all 500 and 1000 banknotes of the Mahatma Gandhi Series as invalid and announced the issuance of new 500 and 2000 banknotes of the Mahatma Gandhi New Series in exchange for the old banknotes.

The Government has taken a powerful measure to eradicate black money by scrapping all notes of Rs 500 and Rs 1000.

Similar measures have been taken in the past. In January 1946, currency notes of 1000 and 10,000 rupees were withdrawn and new notes of 1000, 5000 and 10,000 rupees were introduced in 1954. The Janata Party coalition government had again demonetised notes of 1000, 5000 and 10,000 rupees on 16 January 1978 as a means to curb forgery and black money.

This measure would mean that from midnight, almost Rs 6,32,600 crore in circulation in the form of Rs 1000 notes would be illegal tender. To replace them, Rs 2000 notes would be introduced.

86% of currency by value in India is of 500 and 1000 denominations.

On 28 October 2016, the total currency in circulation in India was 17.77 lakh crore. In terms of value, the notes in circulation valued to 16.42 lakh crore of which nearly 86% (around 14.18 lakh crore) was 500 and 1000 banknotes. In terms of volume that 24% (around 2,203 crore) of the total 9,026.6 crore banknotes were in circulation.

Finance Minister Arun Jaitley said that demonetisation would clean the complete economic system, increase the size of economy and revenue base. He mentioned the demonetisation along with the upcoming Goods and Services Tax (GST) as "an attempt to change the spending habit and lifestyle".

What is Black Money

Black money is that income which is not reported for income tax purposes, done by transacting with cash and not recording such transactions. Cash is preferred because information regarding bank transactions can be accessed by income tax authorities.

Other Way of Payments

Other Currency Notes – Rs 100, Rs 50, Rs 20 and Rs 10 are still valid, as are all coins.
All cashless transactions such as cheques, cards and demand drafts, will continue as usual.

Tourists can change these notes at airports.

Certain exceptions to this exist where the Rs 500 and Rs 1,000 notes will be accepted for an additional days that is till midnight on November 24. This includes:

Hospitals
Railway ticket booking counters
Government bus stands
Airports

The goal is eliminating active, potentially undeclared currency.

The people who are going to be affected by this decision are the ones who have stacks of black money.

There are some people who still evaded submission and decided to keep hoarding the heavy note stacks. They will be forced to get in inside the system now.

With the demonetization of these notes they become worthless overnight. You can no longer use them for any transaction. The only way to make them usable again is exchanging them in a bank or post office, and this requires your valid ID.

The method for the exchange of the demonetised banknotes with new 500 and 2000 banknotes of the Mahatma Gandhi New Series are as Follow:

Citizens will have until 30 December 2016 to tender their old banknotes at any office of the RBI or any bank branch and credit the value into their respective bank accounts.
Cash withdrawals from bank accounts will be restricted to 10500 per day and 25000 per week per account till 24 November 2016.
For immediate cash needs, the old banknotes of value up to 4000 per person can be exchanged for the new 500 and 2000 banknotes as well as 100 banknotes over the counter of bank branches from 9 November 2016 by filling up a requisiton form along with a valid ID proof.
All ATMs will dispense banknotes of only 50 and 100 denominations, until further notice.
Banks will provide all cash withdrawal transactions at their ATMs free of cost to their customers till 30 December 2016. Cash withdrawals from ATMs will be restricted to 2500 per day per bank card up to 24 November 2016.

Effect of Money Demonetization

1) Heavy Deflation : This will reduce the total currency circulation in the economy - leading to deflation. Deflation increases the value of money that we have because the total money supply goes down but the commodities and things available in the market have not gone down.
2) Increase in Inflation : There will be a lot of people who have a lot of cash legally earned which they will deposit it in the bank. Now the bank with more deposits can do more lending. Credit (loans) will become easier and interest rates may come down. More loans given out increases broad money supply and creates inflation. But this will happen slowly, not over-night.
3) It will help the government to fight Black money, corruption, terrorism and counterfeit currency with one single decision.

Initial aspect of this move is inflation as due to less availability of cash, price of every items increase.

If the income tax department finds that a large amount of cash such as Rs 10 lakh is being deposited and is not matching the declared income of a citizen, it would be treated as a case of tax evasion.

There was the rumour on nano-chip enabled currency notes.

Reason for Money Demonetization

The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding black money. In order to contain the rising incidence of fake notes and black money, the scheme to withdraw has been introduced.

The withdrawn old high denomination (OHD) notes cannot be used for transacting business or as a store of value.

People if they don’t have a bank account, they can easily open a bank account by approaching a bank branch with necessary documents required for fulfilling the KYC requirements.

According to Government, steps are necessary to arrest corruption and black money. Fake notes of higher denomination are being pumped in from our neighbourhood country which is used to fund terror activities.

For exchange up to Rs 4500 in cash you may go to any bank branch with valid identity proof. For exchange over 4500 which will be credited to the bank account, you have to go to the branch where you have an account or to any branch of the same bank.

You can use the demonetized notes till 24 November of 2016 for payment at government hospitals, purchasing bus tickets at government bus stands for travel by state government buses, train tickets at railway stations, and air tickets at airports within 72 hours after the notification.

India is a cash economy. Well over 90% of all transactions are done in cash.

Demand for gold is up giving some jewellers a temporary albeit welcome windfall.

Note :

1) Fake currencies were used to fund terrorist activities against India. As a result the step of eliminating the notes was taken.
2) Six months ago and printing of new currency notes of denomination 500 and 2000 had already been started. However, only the top members of the government, security agencies and the central bank were aware of the move.
3) The scarcity of cash due to demonetisation has led to chaos and long queues at ATMs and banks across India.
4) The State Bank of India reported to have received more than 30000 crore in bank deposit in first two days after demonetization.
5) Bag of burnt notes was found in Uttar Pradesh and other part in India following demonetization.
6) India has made the first move from cash economy to a digital economy.
7) Larger amount of savings and cash will find a way into the mainstream economy and be deployed for physical and financial asset creation.
8) The demonetization effect is mainly responsible for the current drop of share Markets in India.
9) The value of money will go up due to this move and this will very well be reflected in the prices of commodities like real estate and gold in the coming days.
10) In the near-term, this move may hurt economic activity, specifically discretionary consumption, gold and property demand.
11) This move has been possible because of the availability of technology and multiple means of financial transaction.

Consideration :

1) In Gujarat, Delhi and many other major cities, sale of gold massively increased on 9 November with an increased 20 to 30% premium surging the price as much as to 40,000 from the ruling price of 31,900 per 10 grams.
2) Due to demonetisation, the share markets saw drop in stocks of software industry and real estate but slight improvements in the banking sector.
3) Nitin Gadkari, the Minister of Transport announced a suspension of toll collections on all national highway sacross India until midnight of 18 November.
4) It points out that there are still 300 million people who do not have an identity proof such as an Aadhaar card and as such people will not be able exchange notes.
5) It will impact the middle class in terms of inconvenience for several months. It will gut the very poor and the lower income groups. These are people with little in the way of ID proof and they often keep cash stashed under the bed because they have no bank accounts.
6) Reports coming in from Malaysia where money exchangers are refusing to accept Rs 500 and Rs 1000 notes from travellers coming from India. It is advice for customers to wait for further announcement from the Indian government.
7) Today Indian economy's major problem is black money entering from Nepal, Bangladesh and Pakistan.
8) This decision never touch that part of the stock of black money held in other forms of assets like benami properties in land and real estate, gold, foreign currency, offshore bank accounts etc.
9) This decision has particularly affected the lives of the rural and urban poor who are out a living in the vast informal economy.
10) There is no guarantee that the high denomination currency notes would not be faked again.
11) It will have deflationary impact in general and more specifically on real estate prices and makes homes affordable. It is also indirectly a benefit to honest tax payers.
12) There is likely to be a negative impact on sectors with high cash economy in the immediate term.
13) Demonetisation of currency is not entirely effective because one can not really know how much black money there is in circulation.
14) Out of the current Indian population estimated at 123 crore only a minimal fraction of 2.87 crore individuals filed their income tax return and even lower, one percent or 1.25 crore paid taxes in FY 2014-15.

There have been also reports of people circumventing the restriction by making multiple such transactions at different bank branches.

The last date to exchange currency notes of 500 and 1000 is 30th December 2016. The limit is Rs 4500 till 24th November 2016. (Which changed again to Rs 2000 due to misuse of this)

Government hospitals, bus, air and train ticketing counters, fuel stations, co-operative stores, milk booth and crematoria grounds will accept these notes till 11th November 2016.

The entire country is in a surprised state right now. No one expected this huge news. The social media has gone crazy and hilarious tweets and shares are flooded all over internet.

Many labourers get paid in cash. It was mostly all in 500 Rupee notes. They have money, but they can not do anything with.

Mostly labourers live on cash and the cash in their pocket is now worthless. Worse, waiting in line for changing currencies for two days, it means that they are not working on those days.

The currency notes affected by the new policy account are roughly 86% of all notes in circulation across India which functions on cash.

The value of notes and coins as a proportion of India’s economic output, or GDP, was just over 12% significantly higher.

Lot of people said that they do not mind waiting if it helps end corruption and the black money problem.

These old notes can be converted into currency again only with identity proofs (which hundreds of millions don’t have) and the additional hardship of standing in many queues for many hours.

Comments from Bussines

1) It would help curb black money. Kunal Bahl (Snapdeal and FreeCharge) also supported the move adding that it would also accelerate e-commerce.
2) Former World Bank Chief Economist Kaushik Basu said that the damage is likely to be much greater than any possible benefits. It has also been noted that black money holders keep only a small fraction of their ill-gotten wealth as cash, hence targeting this cash may not be a successful strategy.
3) Former Chief Election Commissioner of India S. Y. Quraishi said demonetisation could lead to long term electoral reforms.
4) All denomination of notes will be reintroduced with new design and new features: Shaktikanta Das, Economic Affairs secretary.
5) “If you have valid money, it would not turn invalid. People with some vested interest are trying to create panic” said by Venkaiah Naidu
6) Funny Advise : “Urgent message to anyone who robbed a bank tonight: You just got robbed…
7) Most truly rich people do not keep their wealth in the form of cash, but in the form of real estate, gold, deposits in foreign bank accounts and other benaami investments. They will be largely unhurt. it is the poor who will be hurt the most by this.

A key point is that only 1% of India’s population pays income tax. As a result, what low income tax payments mean is that India is forced to raise money in less efficient ways and to govern through regulation.

Two early demonetization in India, one in 1946 and one in 1978, both were focused on the larger bills unlike the current demonetization.

There is no need to panic. Your immediate cash is not worthless. You can refill your vehicles or restock your medicines.

Those unable to deposit Rs 1000 or Rs 500 notes by 30 December 2016 for some reason can change them till 31 March 2017 by furnishing ID proof.

It is a big reform which no one expected and will have a huge impact on people who are hoarding money and not disclosing money for tax purposes.

New updates about Money Demonetization

1) Exchange limit over the counter increased from the existing 4000 to 4500.
2) Cash withdrawal limit at ATMs increased from the existing 2000 to 2500 per day in the recalibrated ATMs.
3) The weekly limit of 20,000 for withdrawal from bank accounts has been increased to 24,000.
4) The limit of 10000 per day has been removed.

North East and other far off places which are not that developed, are not equipped with banks and ATMs, they are suffering most.

Further information of money demonetization is available on rbi.org.in and GoI website (rbi.org.in) or call the control room of RBI on Telephone Numbers 022-22602201 and 022-22602944

Our Appeal : Ordinary citizen is quite and doing their job. Common citizen know that there is a pain and inconvenience but they are supporting to crack down the corrupted people. If there is a pain there is a gain.

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