8 Nov 2016: Mr. ND Modi, the Prime Minister of India announced #Demonetisation of Rs 500 and Rs 1000 banknotes
Main objective: To weed out black money from the system
Time-to-time, the goal post kept changing
Q. Did note-bandi hit any target?
▪For answer, read the thread👇
Main objective: To weed out black money from the system
Time-to-time, the goal post kept changing
Q. Did note-bandi hit any target?
▪For answer, read the thread👇
#Demonetisation Fighting Black Money
GOI: At least ₹3-4 lakh crore black money will get extinguished outside the banking system
RBI: Almost entire chunk of money that was invalidated came to the banking system(₹15.31 lakh cr out of ₹15.41 lakh cr returned to the system)
👇
GOI: At least ₹3-4 lakh crore black money will get extinguished outside the banking system
RBI: Almost entire chunk of money that was invalidated came to the banking system(₹15.31 lakh cr out of ₹15.41 lakh cr returned to the system)
👇
#Demonetisation To Remove The Counterfeit Currency
As per the GOI data, a total of 2,017,427 pieces of fake notes seized across the country in various denominations:
8,34,947 in 2020
2,87,404 in 2019
2,57,243 in 2018
3,55,994 in 2017
2,81,839 in 2016
👇
m.economictimes.com/news/india/nea…
As per the GOI data, a total of 2,017,427 pieces of fake notes seized across the country in various denominations:
8,34,947 in 2020
2,87,404 in 2019
2,57,243 in 2018
3,55,994 in 2017
2,81,839 in 2016
👇
m.economictimes.com/news/india/nea…
#Demonetisation : To Choke The Flow Of Money To Terror Groups
Finance Ministery said 'Cash held with the terrorists turned worthless after Note-bandi and terrorism has stopped'.
Official statistics does not support this statement.
(Google the reply in parliament)
👇
Finance Ministery said 'Cash held with the terrorists turned worthless after Note-bandi and terrorism has stopped'.
Official statistics does not support this statement.
(Google the reply in parliament)
👇
#Demonetisation : To create a cashless economy by pushing digital transactions
4 November 2016: Cash with public, ₹17.97 lakh crore
After 64 months
11 March 2022: Cash with public, ₹30.18 lakh crore, up by 68 per cent i.e ₹12.21 lakh crore
👇
indianexpress.com/article/busine…
4 November 2016: Cash with public, ₹17.97 lakh crore
After 64 months
11 March 2022: Cash with public, ₹30.18 lakh crore, up by 68 per cent i.e ₹12.21 lakh crore
👇
indianexpress.com/article/busine…
#Demonetisation Formalisation Of The Economy
Finance Ministery said that the number of taxpayers increased in the BJP-led Govt.
A foolish attempt to deceive.
The number of taxpayers has been increasing in any case (check CBDT data) at the same rate before the BJP Govt.
👇
Finance Ministery said that the number of taxpayers increased in the BJP-led Govt.
A foolish attempt to deceive.
The number of taxpayers has been increasing in any case (check CBDT data) at the same rate before the BJP Govt.
👇
#Demonetisation was an ill-advised step. GOI just kept changing the goal posts. It damaged the economy no end, especially the unorganised sector. Lives lost.
The ruling party understood this & did not ever showcase it as an achievement in the subsequent elections
Add👇if u want
The ruling party understood this & did not ever showcase it as an achievement in the subsequent elections
Add👇if u want
Ah... #Demonetisation
Here is latest on counterfeit currency.
#RBI report shows spike in fake notes.
Over 100% increase in fake Rs-500 notes, counterfeit Rs 2,000 currency notes up over 50%
timesnownews.com/business-econo…
Here is latest on counterfeit currency.
#RBI report shows spike in fake notes.
Over 100% increase in fake Rs-500 notes, counterfeit Rs 2,000 currency notes up over 50%
timesnownews.com/business-econo…
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