Hit hard by demonetisation, Foxconn puts a fourth of its India workers on bench

[ashok321]

And now look at this, just found it:

https://twitter.com/x/status/808199798973140992

 

[ashok321]

• Deposit of 80% of banned currency in banks raises doubts about success of demonetisation

 

[illusion8]

• Deposit of 80% of banned currency in banks raises doubts about success of demonetisation

There's 8 to 10% of fake currency notes that will go out of circulation.

The whole idea is to bring most currency under the banking system, one really needs to be ignorant if he knows India, its black money, fake currency issues and still criticize the move.

Everyone accepts that the execution could have been better - many are facing hardships...no denying that. But there is a greater good. The good is that traders, corrupt contractors, politicians and officials, money hoarders, illegal transactors are scared of what will come next.

 

[ashok321]

There's 8 to 10% of fake currency notes that will go out of circulation.

.

Substantiate your claim or accept that you lied.

 

[illusion8]

Substantiate your claim or accept that you lied.

wow, you do have a coterie going with the showstopper and rangila guy. The 8 to 10% fake currencies are outside the ambit of the RBI.

http://googleweblight.com/?lite_url...599500&sig=AF9NednlU7fo5Ddfmj5J9BsjHtMuYdT55Q

 

[ashok321]

wow, you do have a coterie going with the showstopper and rangila guy. The 8 to 10% fake currencies are outside the ambit of the RBI.

http://googleweblight.com/?lite_url...599500&sig=AF9NednlU7fo5Ddfmj5J9BsjHtMuYdT55Q

Your link content:

A study estimated that fake currency worth `70 crore enters India every year.

This is not even one percent, whereas you have said its 8-10%.
No wonder you disappeared for long after my reply to you. Because you could not google anything on it. I knew it.
Your reply is far short of what you said it is.

Hence you lied.

 

[illusion8]

Your link content:

A study estimated that fake currency worth `70 crore enters India every year.

This is not even one percent, whereas you have said its 8-10%.
No wonder you disappeared for long after my reply to you. Because you could not google anything on it. I knew it.
Your reply is far short of what you said it is.

Hence you lied.

Lied?..what are you..A 10 year old?

12 lakh crore in fake currency in circulation gets wiped out.

http://www.oneindia.com/india/with-...odi-wiped-a-fake-currency-racket-2256272.html

That 70 crore is a conservative estimate because only 16% of fake notes are detected. And fake currencies remain in circulation.

 

[ashok321]

Lied?..what are you..A 10 year old?

12 lakh crore in fake currency in circulation gets wiped out.

http://www.oneindia.com/india/with-...odi-wiped-a-fake-currency-racket-2256272.html

That 70 crore is a conservative estimate because only 16% of fake notes are detected. And fake currencies remain in circulation.

You may enjoy your own lies hereafter.
Your common sense exposed big time when you say there is 10% fake currency in India.

Of the 90.26 billion Indian currency notes in circulation in 2015-16, no more than 0.63 million -- that is 0.0007%, or seven-millionths of 1 per cent, seven in every million -- were detected as fake, according to Reserve Bank of India (RBI) data. The value of these fake notes in 2015-16 was Rs 29.64 crore, which is 0.0018 per cent of the Rs 16.41 lakh crore currency in circulation

http://www.newindianexpress.com/nat...-fake-notes-detected-in-india-1542191--1.html

Don't even tag me hereafter you lamebrain.
Welcome to my ignore list anyway.
Have a good day.

 

[illusion8]

You may enjoy your own lies hereafter.
Your common sense exposed big time when you say there is 10% fake currency in India.

Of the 90.26 billion Indian currency notes in circulation in 2015-16, no more than 0.63 million -- that is 0.0007%, or seven-millionths of 1 per cent, seven in every million -- were detected as fake, according to Reserve Bank of India (RBI) data. The value of these fake notes in 2015-16 was Rs 29.64 crore, which is 0.0018 per cent of the Rs 16.41 lakh crore currency in circulation

http://www.newindianexpress.com/nat...-fake-notes-detected-in-india-1542191--1.html

Don't even tag me hereafter you lamebrain.
Welcome to my ignore list anyway.
Have a good day.

Are you dense or something?..you think fake currency goes into bank circulation? RBI is exclusively talking about the fake notes that the banks received and sent to RBI.

What I am talking about the fake currencies that are in circulation..and that happens to be about 12 lakh crore..check the link I gave you.

Stupid aapturd punk.

 

[lonelyman]

There's 8 to 10% of fake currency notes that will go out of circulation.

The whole idea is to bring most currency under the banking system, one really needs to be ignorant if he knows India, its black money, fake currency issues and still criticize the move.

Everyone accepts that the execution could have been better - many are facing hardships...no denying that. But there is a greater good. The good is that traders, corrupt contractors, politicians and officials, money hoarders, illegal transactors are scared of what will come next.

Not gonna happen, corrupt switch to new notes

 

[illusion8]

Not gonna happen, corrupt switch to new notes

I know

But the intelligence is already registered..

And the corrupt unknowingly have come into the banking system.

 

[somebozo]

A very bad PR move for foreign investors who are losing sales..while people with heaps of black money do not keep it in local currencies..!