Saturday, November 12, 2016

Re: [IAC#RG] Undeliverable: Impossible to conduct normal banking due to crowds

This is the pathetic state of  Modi Sarkar. MAILBOX FULL

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Posted by at No comments:

Re: [IAC#RG] Some questions about this demonetisation thing



Sent from my iPhone

On 12-Nov-2016, at 8:38 AM, Sarbajit Roy <sroy.mb@gmail.com> wrote:

Excerpts

.. In any case, with clear evidence that BJP officials had advance information, certain economic elite had advance information, etc… pretty much the only people to be caught unawares seem to be the gullible citizens so far.

..  Why, just last month, this diamond merchant from Surat gifted 400 flats and 1000 cars to his employees.

.. The whole freaking country is disrupted because the REAL currency we have has lost value

.. Cashless is a lunatic idea. Not even government departments like the post office accept cashless payments. Various offices and forms want cash fees. Large swathes of India have connectivity problem due to remoteness or politics – for example the Kashmiri asking how they were supposed to go cashless when they had no mobile internet for 129 days of the year.
Posted by at No comments:

Re: [IAC#RG] MODI finally accepts IAC demand to replace fake notes ... but ...

Dear respected Dr. Kameshwar ji

I would like to qualify this

1) It is not a masterstroke - but a poorly executed "late cut" hit towards third man (common person). I can assure you that all the big fish nation looters had already taken their money out several years ago and whatever remained in India was well diversified across asset classes.

2) Ending the fake currency menace ? Not in the medium term. Can anyone explain why BJP is spending Rs.12,000 crores on this conversion exercise if only Rs. 70 crores p.a. of fake notes were being pumped in ?

3) The common good will come in 3 ways

a) Erase GANDHI's visage from every Indian note. As long as Gandhi is promoted it is the litmus test that corruption exists. Gandhi is the very symbol of corruption and national decay.

b) Strengthen our armed forces, remove disparities, weaponise fast, scrap DRDO and HAL etc.and take the most firm action possible against insensitive and corrupt babus in MoD, FinMIn and PMO who are heavily bribed by our nation's enemies to keep our armed forces weak and pliable through bureaucratic machinations. We must especially take care to keep our jawans in proper spirit (and their unfortunate widows taken care of very soon and without corruption) because these are truly the salt of the earth that is defending India.

c)  Sort out two economic tasks on top priority.

(i) The salvation of the Indian peasantry must be achieved at all costs. The restoration of the profitability of the agronomic sector may be hard on the consumer, but the doom which would fall upon the entire nation should the Indian farmer perish would stand no comparison with these hardships.

(ii) We must publicly repudiate the bankrupt World Bank / IMF imposed policy prescrip[tions which had been foisted upon us by our political leadership. As a nation we must renounce this culture of consumerism which is being craftily embedded within our national psyche by the trader communities and learn to live within our means and not fall prey to credit based delusions of being in economic Disneyland.

Into that heaven of freedom, let my country awake

Sarbajit Roy


On Sat, Nov 12, 2016 at 10:12 AM, kameswar elangbam <dreksingh@gmail.com> wrote:
Dear Shri Sarabjit and all friends in IAC,

Let us agree that this very move is a master stroke against all those who accumulated illegal wealth and the phenomena of fake currency menace. Every new change has its shortcomings but as it settles down, only the effects could be felt. In the words of Mark Tully, I quote "India is changing painfully and slowly" but the pain could well be tolerated for the common good in the near future.

Dr K S Elangbam


On Fri, Nov 11, 2016 at 11:08 PM, ravindra malhotra <indiaresists@lists.riseup.net> wrote:
 I think corrupt businessmen got left out in mail below by oversight. However it has been experience in India of last demonetisation of 1978 and of other countries, its effect does not last as the concerned people have minds more fertile than Govt. and condition becomes normal (as per their standard) in no time.

R.N.Malhotra



From: kameswar elangbam <dreksingh@gmail.com>
To: indiaresists@lists.riseup.net
Sent: Thursday, November 10, 2016 10:35 AM
Subject: Re: [IAC#RG] MODI finally accepts IAC demand to replace fake notes ... but ...

DO NOT claim credit, demonetization of 500/1000 currency notes is not equivalent step by replacing old/counterfeit notes by new notes, this is a master stroke to politicians, corrupt bureaucrats, justices, defence personnel and from all walks of life, let us praise some one who has done uniquely great things for the country, immaterial which party it belongs to, NO PM COULD HAVE DONE THIS EXCEPT (L) INDIRAJI,  we are becoming a perennial anti establishment group, somehow this is unbecoming of IAC.

Dr K S Elangbam

On Wed, Nov 9, 2016 at 4:50 PM, m.g.r. rajan <mgr_rajan@hotmail.com> wrote:
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. riseup.net <indiaresists-request@lists. riseup.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-
Corruption
Black money
counterfeit 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 a
mainly 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? Regds
JKGaur   



From: indiaresists-request@lists. riseup.net <indiaresists-request@lists. riseup.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:
MODI finally accepts IAC demand to replace fake notes ... but ...

They finally HAD to listen to us on rampant menace of COUNTERFEIT currency .. but ...

Watch this space





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Posted by at No comments:

Re: [IAC#RG] VERY IMPORTANT NOTICE from IAC regarding note exchange

It is the Babus and the present governing system responsible for breeding corruption. Now politicians  want to save these Babus by putting a clause of grant of permission before taking any action against them when they are caught on the  the charges  of corruption.

We need to stop the Government in amending the rules . They must be treated like ordinary citizens. The culprits can not be the judges.


On 11-Nov-2016 7:47 PM, "Ankit Khetan" <indiaresists@lists.riseup.net> wrote:
Till date most banks and post office in dalkhola, does not give money to the account holders in Dalkhola, West Bengal. Post Office says if you want to exchange you may exchange but we dont have money to allow Account holders to withdraw from their accounts. Such a worse situation actually leads to adverse position and takes away from depositing the money. In old days ancestor used to say, " Those help in worse situation is your best friend." Here money deposited in bank is your worst friend and cash in hand is your best friend.

Ankit Khetan
India

From: Dr D K Bhandari <indiaresists@lists.riseup.net>
To: indiaresists@lists.riseup.net
Sent: Wednesday, 9 November 2016 6:12 PM
Subject: Re: [IAC#RG] VERY IMPORTANT NOTICE from IAC regarding note exchange

Rubbish , don't try to fool the general public
You are getting what is due 
Are you against corruption or for corruption

Sent from my iPad

On 09-Nov-2016, at 16:20, Sarbajit Roy <sroy.mb@gmail.com> wrote:

Dear Subscribers

After extensive discussions with fairly high levels of RBI today, IAC is making following suggestions for all HONEST / TAX-PAYING Indians

1) Utilise the across the counter exchange facility to exchange notes into Rs. 100, Rs. 50 and Rs. 10 series only  There is likely to be a HUGE shortage of these notes in future. Stand your ground and Do not get tempted into taking news series Rs. 500 and Rs. 2000 notes (I cannot share why here).

2) Stock up on coins.

3) The IAC is now taking the legal position that the recent action of Govt of India, allegedly for #IndiaFightsCorruption , fully exposes the BANKRUPTCY of the Banking sector and the BANKRUPTCY of the RESERVE BANK OF INDIA in particular.

3) In any civilised country there would have been a run on the Public Sector Banks by the common people. What this demonetisation actually amounts to is the REPUDIATION of the solemn promise made by each RBI Governor in turn to "pay the bearer the sum of Rupees one thousand on demand" this means that each RBI Governor is bound to give value of Rs. 1,000 on demand and not give just another meaningless piece of paper to keep the PONZI currency cycle going. The "value" of Indian coins is fixed in the Indian Coinage Act. which is why a Rs.1,000 coin "sells" for Rs. 10,000

4) So remember this - only accept OLD NOTES or OLD COINS as a temporary measure. Do not make the mistake of accepting shiny NEW NOTES for OLD as 'Alladin' did.

Sarbajit Roy
National Convenor
INDIA AGAINST CORRUPTION, jan andolan

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Posted by at No comments:

Re: [IAC#RG] MODI finally accepts IAC demand to replace fake notes ... but ...



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>


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

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

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 -

"Hindustan Times
1 hour ago
The 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-
Corruption
Black money
counterfeit 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 a
mainly 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? Regds
JKGaur   



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:
MODI finally accepts IAC demand to replace fake notes ... but ...

They finally HAD to listen to us on rampant menace of COUNTERFEIT currency .. but ...

Watch this space





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Posted by at No comments:

Friday, November 11, 2016

Re: [IAC#RG] MODI finally accepts IAC demand to replace fake notes ... but ...

Dear Shri Sarabjit and all friends in IAC,

Let us agree that this very move is a master stroke against all those who accumulated illegal wealth and the phenomena of fake currency menace. Every new change has its shortcomings but as it settles down, only the effects could be felt. In the words of Mark Tully, I quote "India is changing painfully and slowly" but the pain could well be tolerated for the common good in the near future.

Dr K S Elangbam


On Fri, Nov 11, 2016 at 11:08 PM, ravindra malhotra <indiaresists@lists.riseup.net> wrote:
 I think corrupt businessmen got left out in mail below by oversight. However it has been experience in India of last demonetisation of 1978 and of other countries, its effect does not last as the concerned people have minds more fertile than Govt. and condition becomes normal (as per their standard) in no time.

R.N.Malhotra



From: kameswar elangbam <dreksingh@gmail.com>
To: indiaresists@lists.riseup.net
Sent: Thursday, November 10, 2016 10:35 AM
Subject: Re: [IAC#RG] MODI finally accepts IAC demand to replace fake notes ... but ...

DO NOT claim credit, demonetization of 500/1000 currency notes is not equivalent step by replacing old/counterfeit notes by new notes, this is a master stroke to politicians, corrupt bureaucrats, justices, defence personnel and from all walks of life, let us praise some one who has done uniquely great things for the country, immaterial which party it belongs to, NO PM COULD HAVE DONE THIS EXCEPT (L) INDIRAJI,  we are becoming a perennial anti establishment group, somehow this is unbecoming of IAC.

Dr K S Elangbam

On Wed, Nov 9, 2016 at 4:50 PM, m.g.r. rajan <mgr_rajan@hotmail.com> wrote:
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. riseup.net <indiaresists-request@lists. riseup.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-
Corruption
Black money
counterfeit 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 a
mainly 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? Regds
JKGaur   



From: indiaresists-request@lists. riseup.net <indiaresists-request@lists. riseup.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:
MODI finally accepts IAC demand to replace fake notes ... but ...

They finally HAD to listen to us on rampant menace of COUNTERFEIT currency .. but ...

Watch this space





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Posted by at No comments:

[IAC#RG] Some questions about this demonetisation thing

Excerpts

.. In any case, with clear evidence that BJP officials had advance information, certain economic elite had advance information, etc… pretty much the only people to be caught unawares seem to be the gullible citizens so far.

..  Why, just last month, this diamond merchant from Surat gifted 400 flats and 1000 cars to his employees.

.. The whole freaking country is disrupted because the REAL currency we have has lost value

.. Cashless is a lunatic idea. Not even government departments like the post office accept cashless payments. Various offices and forms want cash fees. Large swathes of India have connectivity problem due to remoteness or politics – for example the Kashmiri asking how they were supposed to go cashless when they had no mobile internet for 129 days of the year.
Posted by at No comments:

Re: [IAC#RG] MODI finally accepts IAC demand to replace fake notes ... but ...

Dear Dr. Kameshwar

I would like to respond to you and the other "nationalists" on our network who habitually praise the great 56 inch leader.

If IAC is perceived as perennially anti-establishment it is only because the Govt (Congress / BJP makes no difference) is perceived by us as perennially corrupt.

The only objective of Narendra Modi, it seems, for demonetization is papering over this rampant fraud and sickness which would show that 90% of our PSU Banks would fold over tomorrow if properly audited.

Since 2002 IAC (ie. myself and Veeresh Malik) have been consistently agitating against the rampant counterfeiting, fake notes etc and suggesting measures. It is all online if you care to search.

In April 2015 we, as experts, deemed the situation of fake notes so dire - 18% of all Rs. 500 notes and 13% of all Rs. 1,000 notes in circulation in 'dehaat' were fake, and external agencies (not only Pakistan but also North Korea) had achieved 100% replicas perfect in every detail (IB and RAW also confirms this) - that IAC demanded for immediate demonetisation of these notes. It is for your 56 inch hero to explain why it was not done.

In the days to come IAC will explain the massive fraud and corruption behind the present demonetisation exercise.

IAC is at the forefront asking for demonetisation to be carried out, however, we are against the CORRUPT and INSENSITIVE and INCOMPETENT way it was carried out.

regards

Sarbajit Roy


On Thu, Nov 10, 2016 at 10:35 AM, kameswar elangbam <dreksingh@gmail.com> wrote:
DO NOT claim credit, demonetization of 500/1000 currency notes is not equivalent step by replacing old/counterfeit notes by new notes, this is a master stroke to politicians, corrupt bureaucrats, justices, defence personnel and from all walks of life, let us praise some one who has done uniquely great things for the country, immaterial which party it belongs to, NO PM COULD HAVE DONE THIS EXCEPT (L) INDIRAJI,  we are becoming a perennial anti establishment group, somehow this is unbecoming of IAC.

Dr K S Elangbam

On Wed, Nov 9, 2016 at 4:50 PM, m.g.r. rajan <mgr_rajan@hotmail.com> wrote:

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.


Posted by at No comments:

Re: [IAC#RG] MODI finally accepts IAC demand to replace fake notes ... but ...

 I think corrupt businessmen got left out in mail below by oversight. However it has been experience in India of last demonetisation of 1978 and of other countries, its effect does not last as the concerned people have minds more fertile than Govt. and condition becomes normal (as per their standard) in no time.

R.N.Malhotra



From: kameswar elangbam <dreksingh@gmail.com>
To: indiaresists@lists.riseup.net
Sent: Thursday, November 10, 2016 10:35 AM
Subject: Re: [IAC#RG] MODI finally accepts IAC demand to replace fake notes ... but ...

DO NOT claim credit, demonetization of 500/1000 currency notes is not equivalent step by replacing old/counterfeit notes by new notes, this is a master stroke to politicians, corrupt bureaucrats, justices, defence personnel and from all walks of life, let us praise some one who has done uniquely great things for the country, immaterial which party it belongs to, NO PM COULD HAVE DONE THIS EXCEPT (L) INDIRAJI,  we are becoming a perennial anti establishment group, somehow this is unbecoming of IAC.

Dr K S Elangbam

On Wed, Nov 9, 2016 at 4:50 PM, m.g.r. rajan <mgr_rajan@hotmail.com> wrote:
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. riseup.net <indiaresists-request@lists. riseup.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-
Corruption
Black money
counterfeit 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 a
mainly 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? Regds
JKGaur   



From: indiaresists-request@lists. riseup.net <indiaresists-request@lists. riseup.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:
MODI finally accepts IAC demand to replace fake notes ... but ...

They finally HAD to listen to us on rampant menace of COUNTERFEIT currency .. but ...

Watch this space





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