Re: [IAC#RG] Demonetisation

 Agree, criticism of the scheme is misplaced. However its implementation on ground and justifications given for method of implementation has been awful.

In cash driven market, money supply reduced to 15% overnight. Its effect on economy not factored in. During recession, money was pumped in to their system by developed countries. 85% contraction in money supply in our case has caused a short term recession, effect of which may last much longer. Production has reduced as owners unable to procure raw material and also unable to pay workers.

Why dispense only Rs 2000 notes in the beginning, which could not be used by anyone, except by people whose sole objective was to replace black with white. People / merchants who could have used Rs 2000 notes as such, had facility to use the Cards as well. Poor people got these notes which no subziwala/rationwala could take for want of smaller denominations.

I tried to withdraw some money today for first time - got some Rs 2000 notes and some Rs 10 denominations only. No other denomination was available. Thankful, I will be able to pay for Car parking.

Demonetisation news spread instantaneously by electronic media - speed of light. Officials took much longer to understand implications - giving enough time to unscrupulous elements to swindle old, infirm, poor, illiterate people in urban as well as rural areas. They now consider loss of their meagre but life savings as 'Will of God'.

In metro town such people were making round of Banks for days together to find where the Q is short enough for their turn to come before cash exhausts, fate of rural & tribal areas with Banks being miles away, can only be imagined.

R.N.Malhotra

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From: LC M <indiaresists@lists.riseup.net>
To: indiaresists@lists.riseup.net; indiaresists@lists.riseup.net
Sent: Thursday, November 17, 2016 11:00 AM
Subject: Re: [IAC#RG] Demonetisation

I consider it unfortunate that an excellent scheme of the PM is criticised on flimsy grounds.

The scheme has halted progress of fake money and activities of terrorism and that by itself is a good achievement.

LCM 


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On Thursday, November 17, 2016, 10:30 AM, rohit kumar Jha <rohiticeas2011@gmail.com> wrote:

Dear Sarabjit roy,

Let me ask you a simple question !!

How much black money u have lost out of Demonetisation???

or will be losing it....when 85% of the economic survey has voted with positive reply why only IAC is against it ....

Hope this is not the same arvind kejriwals aganda ....if this is the one then please let me know how to unsubscribe me.....

this is the real face of the people who fight for corruption just for the sake of improving corruption ....

I openly go against the language used by IAC member on our prime minister ... 

IAC's suggestion for Mr. Modi is as follows - FIRST PUT Rs. 15 ;lakhs into BANK ACCOUNT of every Indian, and then do whatever the f**k you want to do.

let me remind you people that government or BJP had never said that it will put 15 lAKHS ON EVERY account it was congress which had come out saying so ....please provide one video where Mr.modi has said that every account will have 15 lakhs .....

Shame on IAC ......its not india against corruption anymore ....its I am congress ......unsubscribe immediately or remove sarabjit roy from IAC 

Thank and regards 

Rohit Kumar  

On Wed, Nov 16, 2016 at 10:16 AM, Sarbajit Roy <sroy.mb@gmail.com> wrote:

We don't think that this is the time to focus on petty corruption or vague sectoral targeting when there are about 600 names constituting 80% of India's corruption in public domain

IAC has always believed that it is more important that investigative resources be focussed on big fish rather than dissipated over small fry.

It is self-evident that this latest demonetiiztion scam  is well planned by BJP to

a) Influence outcomes of elections in UP and Punjab

b) to distract from rampant corruption in BJP Govt at Centre and mega deals involving personal cronies of Mr. Modi

c) to subjugate the common people by showing them their true place in the scheme of things.

d) make massive money from OHD note replacement.

e) distract from Panama papers and other Wiki-leaked documents.

It is really funny to see all the spin doctors and apologists for Mr. Modi justifying why new notes ought not be pumped into the system and common man should be prepared to suffer in national interest while Mr. Modi is busy enjoying his (vegetarian) sushi in Japan.

IAC's suggestion for Mr. Modi is as follows - FIRST PUT Rs. 15 ;lakhs into BANK ACCOUNT of every Indian, and then do whatever the f**k you want to do.

Sarbajit

On Wed, Nov 16, 2016 at 12:10 AM, Dr. Munish Raizada <pedia333@gmail.com> wrote:

Do not forget Doctors, jewllers.

On Nov 15, 2016 12:04 PM, "AK Bhattacharyya" <indiaresists@lists.riseup.net > wrote:

All energy should be directed towards the following categories of people 

1]Lawyers 

2=Chartered Accountants 

3] Real Estate Dealers 

4]Quick rich Politicians

The mission should be professionally executed.

 

With kind regards 

A.K.BHATTACHARYYA

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