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Corruption, cheating, black money, tax evasion are result of our character. Currency is only a means. The new currency will also be an instrument of corruption.  Possibly, the idle black money may be unearthed. But there is also black money in film world, real estate, gold  and in fact everything of value.  The idle black money at least does not generate further black money like other sectors. There appears no way further generation of black money could be stopped.  Black money is like grass that grows again after cutting. 

How do you define black money. This is nothing but tax escaped money. The best way to eliminate black money is to introduce two slabs of income tax- 5% and 10%.. Let penalty for evasion be 100% of the income on which tax is sought to be evaded.  Low income tax rate and higher penalty will surely combat the menace of tax evasion/ black money.  Demonetizing entire currency that is used by common men also is no solution. 

As regards the claim that terrorists and others have been financially crippled, we need wait a few weeks or months. In case there are no more terrorist action, we may assume that currency demonetization has served purpose. Otherwise this will be considered total flop and just an anti [people step. 


G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/

Babu saroj wrote:yes, the current 2000 notes doesn't seems to be a 2000 notes it's like a chooran note which we all used to play in our childhood.

Many people ve been passing the same comment. That the Rs 2000 note looks like a note that the children play with. Yesterday one of my friend was relating about an incident in which an old lady vendor refused to sell her things to a man who wanted to buy things from her using the real 2000 rs note. But she got angry and scolded him saying that he is trying to cheat her & tore the note.

Now the situation is better. The Government has taken care to distinguish between the fake and real Notes. Things will be normal in due course.

jabeen wrote:
Babu saroj wrote:yes, the current 2000 notes doesn't seems to be a 2000 notes it's like a chooran note which we all used to play in our childhood.

Many people ve been passing the same comment. That the Rs 2000 note looks like a note that the children play with. Yesterday one of my friend was relating about an incident in which an old lady vendor refused to sell her things to a man who wanted to buy things from her using the real 2000 rs note. But she got angry and scolded him saying that he is trying to cheat her & tore the note.

Something similar happened here too with a shop keeper refusing to accept a new authentic Rs2000 note simply because of all the rumors of fake notes. The poor customer had no other cash and finally things wee sorted out after another note was brought and it was examined etc ,..I guess this is are minor hiccups that are bound to be here when there is something new happening !

@ rambabu by the way what measure has the government taken with regard to fake notes .., please share the link or the news here ...


Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!

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