Hydra-headed Corruption has nine heads (Rig Veda). Black money is one minor head created by our rudderless Socialist system. Within one year it will be created again because prevailing system freely allows generation of Black money. Instead of reforming the system, crores of poor people, old men/women and honest people have been penalized. I am over 84 years old, last four days I am trying my best to get at least a small amount from Axis Bank, BOI and OBC but failed as I can not stand long time in any serpentine Que.
I am sure millions of people like me would be suffering who do not have any Debit/Credit card etc.
Leave aside this personal problem, What is being gained. Country has lost a few hundred thousand crores Rupees
in the loss of man-hour work, poor labourer has two choices- work for whole day and get Rs 500 for eight hours or stand in the Que and lose one day work i.e Rs 500. Lakhs of corrupt people openly discount Rs 500 old note and pay Rs 300 in small currencies, Poor labourer opts for Rs 200 loss than losing 500 for the day. Highly shameful openly happening. This is happening to even poor maid servants, old people and other helpless people. Many such other problems can be mentioned.
The real culprits soon purchased gold and their black money vanished. In the last six months construction activity of houses on vacant plots multiplied many times and abnormally fast. Clearly some people knew about this demonetization and got out their black money and hundreds of more examples can be cited. For the Terrorists there is hardly any effect as soon fake notes will appear since it costs only Rs 3 for printing a two thousand Rs currency note. In J and K
terrorists activities are continuing. CAs, Doctors, commercial teachers,black marketeers, corrupt government officials, forgers of spiritual frauds/pious forgeries and large number of corrupt businessmen are selling their commodities without any receipt etc. Corruption continues as the system freely allows generation of corruption.
Country needs an urgent change in the system through Total Reforms in all areas of human activities starting with Government itself.
The present demonetization has created more problems than solving the exiting demon of corruption.
Please feel free to express your views. These are my personal views of Grand Old Man who has many physical limitations. I am yet to see new currency as no bank is able to help me and my six visits to bank have failed. May be my age has made me an incompetent useless citizen of India. May God bring sanity to our political bosses who consider us as their Praja (subject) and not citizen (nagrik) after elections. We are citizens only during Elections and Praja thereafter.
Regards
Prem Sabhlok
Former Controller General of Defence Accounts
On Saturday, 12 November 2016 8:35 AM, ravindra malhotra <indiaresists@lists.riseup.net> wrote:
Is it not surprising for a common man that 7.64 crores of new currency of a Bank was being transported in a normal track without proper papers and escort/protection, giving rise to the doubt at the first instance?
R.N.Malhotra
From: Sarbajit Roy <sroy.mb@gmail.com>
To: indiaresists <indiaresists@lists.riseup.net>
Sent: Friday, November 11, 2016 8:54 PM
Subject: Re: [IAC#RG] MODI finally accepts IAC demand to replace fake notes ... but ...
To: ravindra malhotra <rnmalhotra_in@yahoo.com>
FYI here is the whole story
"Upon further investigation, officials realised that the truck was actually carrying money to Bank of Baroda's branches, to be issued to people from Thursday when the new currency notes are expected to be released."
http://www.hindustantimes.com/ india-news/for-bribes-or-a- bank-refill-truck-carrying- new-rs-2000-notes-detained-in- tn/story- 4Ef6tkiX7Z86CZSVHQXryN.html
Dear Malhotra ji
A secret of this grouping (IAC) is that we never accept anything at face value, especially what is circulated to 'bhakts'. and 'tards' on social media"Upon further investigation, officials realised that the truck was actually carrying money to Bank of Baroda's branches, to be issued to people from Thursday when the new currency notes are expected to be released."
http://www.hindustantimes.com/ india-news/for-bribes-or-a- bank-refill-truck-carrying- new-rs-2000-notes-detained-in- tn/story- 4Ef6tkiX7Z86CZSVHQXryN.html
rgds
Sarbajit Roy
On Thu, Nov 10, 2016 at 10:10 PM, ravindra malhotra <indiaresists@lists.riseup.net > wrote:
What Mr Gaur has said may be correct. Our politicians are resourceful from all angles. I hope you have read the News appearing on the morning of 10th itself on internet and on line HT, before the banks opened to give out first Rs 2000 note -1 hour agoThe Tamil Nadu Election Commission's flying squad and local police detained a truck carrying Rs 7.65 crore-worth of money in the form of Rs 2,000 denomination notes in Thanjavur district on Wednesday. The district is home to the Aravakurichi assembly constituency where bypoll elections will be held on November 19.Officials were first perplexed by what they thought was the "ingenuity and efficiency" of party cadres as they obtained mint-fresh currency notes that had not yet been officially issued. "R.N.Malhotra
From: m.g.r. rajan <mgr_rajan@hotmail.com>
To: "indiaresists@lists.riseup.net " <indiaresists@lists.riseup.net >
Sent: Wednesday, November 9, 2016 4:50 PM
Subject: Re: [IAC#RG] MODI finally accepts IAC demand to replace fake notes ... but ...
Demonetization to curb counterfeit and black money was necessary....but, having said that, I agree with all the points brought out by Shri Gaur.
The poor, uneducated and insecure, who keep their savings at home, will be the ones most affected and will be victims of middlemen and dalals who will exploit them by exchanging the old currency at half the value. I sincerely hope they are taken care of.
Demonetization during election time is also a way to ensure that black money purchased votes decline. But again, Indians are famous for their jugaad! Our traditional faith in 'rokda' will go only if the people have faith in the banking organization and guarantee for the monies banked there. This will not happen as long as politicians are corrupt and control banks directly (private banks) or indirectly (nationalized banks).
MGR Rajan
From: indiaresists-request@lists.ris eup.net <indiaresists-request@lists.ri seup.net> on behalf of Gaur J K <gaurjk@hotmail.com>
Sent: Wednesday, November 9, 2016 2:02:55 PM
To: indiaresists@lists.riseup.net
Subject: Re: [IAC#RG] MODI finally accepts IAC demand to replace fake notes ... but ...9/11/16
For a change let me say it though there is an element of surprise it should have been delayed for some time.The P.M . keeps on announcing new schemes without adequate groundw0rk. So it falls into the same catagory and success is doubtful for the 3 reasons/justification given for it-CorruptionBlack moneycounterfeit currency.He himself said day before that the politicians are very creative when it comes to the political class. The other sources of corruption is Civil servants who are equally creative in continuing corruption and help the politicians and themselves.The third party is big business houses from here funds are generated. Use of currency notes will not change.Black money-earlier it was claimed by the P.M and people Baba Ramdev that huge blackmoney is stashed abroad. What the Govt. has achieved so far? Inspite of his best efforts and intervention of Supreme Court has the Govt. anything to show worthwhile?Counterfeit currency- only shows confusion . Earlier when Dr. Rajan was the Governor the Public was asked to surrender all notes before 2005. People faced many problems but still complied. This will create more problem for the people specially middle class and lower middleclass and rural people. People have no faith that there money is safe with banks and the Govt. Besides thy know the main source for such notes is amainly one of the neighbouring country. So long as you depend on import of security paper, printing will continue and so will the routes through which these are brought into the country.Now let us say USD is a currency universally accepted and they have a system to check.A currency note of say 20 years can be changed without any risk. I am not aware how many developed countries have declared their currency notes invalid overnight?When the P>M speaks so much about honesty and transparency why they are reluctant to bring all political parties and their funing under RTI? Are they not one of the biggest source of black money? RegdsJKGaur
From: indiaresists-request@lists.ris eup.net <indiaresists-request@lists.ri seup.net> on behalf of Abanis Nayak <abanis@gmail.com>
Sent: Wednesday, November 9, 2016 10:51 AM
To: indiaresists@lists.riseup.net
Subject: Re: [IAC#RG] MODI finally accepts IAC demand to replace fake notes ... but ...Moving forward the idea is to go minimum cash with digital payments like UPI etc , a tough road though but it is a good start.
On Wed, Nov 9, 2016 at 10:10 AM, Ambrish <ambrish1008@gmail.com> wrote:
But it is still unclear:
1. How terror funding will be checked through it.
2. People who had black money, were well informed about this and most of them have changed or invested.
3. It is also aired (rumour) that Rs. 2000/ note has GPS system.
4. How hawala karobar will be checked through it.
& many such questions/issues
On Tue, Nov 8, 2016 at 9:34 PM, Sarbajit Roy <sroy.mb@gmail.com> wrote:
Post: "indiaresists@lists.riseup.net "Watch this spaceMODI finally accepts IAC demand to replace fake notes ... but ...They finally HAD to listen to us on rampant menace of COUNTERFEIT currency .. but ...
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