“Baa baa Black Buddy, have you
any Black MONEY?
No Sir! No Sir! I have no such
ANY!
In Hindusthan nation, a major
percentage of
total amounts of Black Money are
still UNTAPPED.
That’s why, with effect from 09.11.2016,
all 500 and 1000 rupee notes got
SCRAPPED.
Terrorists were becoming too
expert in printing
several 500 and 1000 rupee fake
NOTES;
which compelled Narendra Modi to
take a bold decision on
national interest without
thinking about politics and VOTES.
In the age of Fund transfers
through Cheque, NEFT, RTGS and IMPS,
why Indians will still rely on high
value Cash TRANSACTIONS?
Rural Indians may take some time
to get accustomed to modern age
digital banking system after
showing so many socio-political REACTIONS.
Scrapping of some notes will not
whiten the black economy so
EASILY.
Proper monitoring of Cash
Transactions is required, otherwise,
this implementation of scrapping
notes may also look very SILLY.
As a bank customer, you don’t need to
press the panic button as 50 days
are allotted
to exchange your old
denominations, you SEE.
If you are not having any account
in any bank, then to exchange your
old 500 and 1000 rupee notes at
any bank counter, you need to show
any document which are listed as
per norms of KYC.
This strategic decision is a good
master-stroke by the Indian Government
to bring an Economic REFORM;
and hence, in the long run this
decision will help
India and its economy rapidly to
prosper and TRANSFORM.”- Arindam Sain
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