Let us examine the bare facts when true lies as presented to you as FACTS #thread 👇
This answer is given by MoS, Finance to a QN asked in the floor of the house by Sri. Vishambar Prasad Nishad (Star QN no. 234 dated 2.12.2019) 
Let's examine this.
The logic applied here is between Nov 2016 to Dec 2019, the CIC grown from 17.74 lakh crores to 22.356 lakh crores, ie, an increase of 26.01% in 37 months, which is 8.44% annual growth.
The logic applied here is between Nov 2016 to Dec 2019, the CIC grown from 17.74 lakh crores to 22.356 lakh crores, ie, an increase of 26.01% in 37 months, which is 8.44% annual growth.
Now examine the pre-Demon data given here:
It is given that between Oct 2014 and Oct 2016, the CIC grown at 14.51% annual growth.
So the logic applied is this 14.51% minus 8.44%, and multiply this annual growth reduction for next 37 months after demon.
It is given that between Oct 2014 and Oct 2016, the CIC grown at 14.51% annual growth.
So the logic applied is this 14.51% minus 8.44%, and multiply this annual growth reduction for next 37 months after demon.
This figure is claimed as Rs. 3046.05 billion rupees or 3.0461 lakh crores.
Looks like a perfect saving of printing of currency notes, though it crushed the economy since the substitute is available only for we city folks.
Looks like a perfect saving of printing of currency notes, though it crushed the economy since the substitute is available only for we city folks.
As FM made a comparison between last two years before demon and find that there is a difference of 6.07% annual reduction of growth of currency, we can look at the two years before that!
As per RBI database, CIC as on 3/10/14 was 13.3972 lakh crores and same as on 5/10/12 was 10.9881 lakh crores. So the CIC grown 21.92% between 2012-14 or the annual growth was just 10.96%!
Modi increased CIC growth in the two years just before DeMon to 14.51% from 10.96%!!!
Modi increased CIC growth in the two years just before DeMon to 14.51% from 10.96%!!!
So if that rate was continued, then the difference between 10.96% and present annual growth of 8.44% is 2.53%.
Hence the so called savings of CIC will become just 1.382 lakh crores instead of 3.0465 lakh crores as claimed by the FM!
Hence the so called savings of CIC will become just 1.382 lakh crores instead of 3.0465 lakh crores as claimed by the FM!
No one asks why this Government accelerated the CIC from its annual growth of 10.96% to 14.51% in the last two years before the demon?
Now we should look at the "real savings" of 1.382 lakh crores, which I calculated on the basis of 10.96% annual growth vs present 8.44%!
Now we should look at the "real savings" of 1.382 lakh crores, which I calculated on the basis of 10.96% annual growth vs present 8.44%!
Another interesting fact FM failed to disclose to neither Parliament or to us.
We should look at the annual growth of currency in circulation between the last one year.
30/11/18 - 19.959 lakh crores
02/12/19 - 22.356 lakh crores
Annual growth is 12.01%!!!!
We should look at the annual growth of currency in circulation between the last one year.
30/11/18 - 19.959 lakh crores
02/12/19 - 22.356 lakh crores
Annual growth is 12.01%!!!!
It is just a matter of time, the CIC growth will touch the pre-Demon figures, I am not saying it is a bad thing.
Cash is the universal fuel to drive our economy where for a brute majority digital options are an opulence and not available.
Cash is the universal fuel to drive our economy where for a brute majority digital options are an opulence and not available.
The only problem is the narratives Government trying hard to sell around to the consumption of slave media and blind bhakts!
Once your economy grows to its natural pace, you need more cash, nothing else is yet to substitute it in India
*END*
Once your economy grows to its natural pace, you need more cash, nothing else is yet to substitute it in India
*END*
