India withdraws 500 and 1,000 rupee notes in fight against graft, 'black money'

[Hindustani78]

Police personals showing 11 lakh currency notes belived to be black money from a UP resident who arrived here at Amritsar railway station.

 

[Hindustani78]

http://www.thehindu.com/news/nation...ef-to-customers/article9363876.ece?ref=tpnews

With a view to providing some relief to the public struggling hard to withdraw money from their bank accounts, State Bank of India on Friday operationalised a fleet of vehicles with POS@CASH machines (ATMs on Wheels) in Belagavi.

The vehicles were flagged off from its main branch and the facility was handled by senior officials of the bank. The vehicles carried a small POS@CASH machine with an official/staff carrying cash especially of Rs. 100 denomination notes for payment to the public having debit cards.

SBI Regional Manager V.V. Dattawadkar said that the process of using the system was very simple. The customers with debit cards had to just swipe them in POS@CASH machines; once the transaction was successful, the amount was paid to the customer in the same way, as was being done at the cash counters at the branch. Today, the vehicles were stationed at four crowded places — Deputy Commissioner’s Office Compound, KLE Hospital, Industrial Estate and RPD Cross in the city. The bank staff served nearly 1,000 customers at all these places. The maximum limit for withdrawals was Rs. 2,000 and payment was made in Rs.100 denomination notes, bring relief to the customers.

Two such vehicles have been deployed at Khanapur and Gokak for serving the customers, Mr. Dattawadkar said.

 

[Mitro]

Just check YouTube people are so happy and going to beat the shit out of modi if he ever go near them specially Indian ladies omg

 

[Mitro]

And these guy won modi poetry competition of the century

 

[Mitro]

This time bhakts where not able to control the social media they did very well on news channel not where not able to hide common people frustration.

This one is in bhujpuri

 

[Navin A]

Guys not sure if this was posted before or not, but a few interesting facts!

 

[Dem!god]

This time bhakts where not able to control the social media they did very well on news channel not where not able to hide common people frustration.

This one is in bhujpuri

And these guy won modi poetry competition of the century

Just check YouTube people are so happy and going to beat the shit out of modi if he ever go near them specially Indian ladies omg

Tujhe bada dard ho raha hai.

 

[Navin A]

Just check YouTube people are so happy and going to beat the shit out of modi if he ever go near them specially Indian ladies omg

black money horder

 

[rott]

Actually in India and also in Pakistan all currency notes should be cancelled and instead coins should be introduced upto 100 Rupee, then we will see how someone can take 50 kilos worth of coins to bribe someone mere one lakh rupee

A good idea. A better idea would be e-money. Let them government officials take bribes thru a swipe machine. Saves a lot of time and energy carrying those sacks of coins.

 

[Hindustani78]

Haryana Police recovered demonetized currency notes of Rs 1000 and Rs 500 valued over Rs. 2.22 Crore being carried in two vehicles at National Highway No. 2, Hodal in district Palwal on Tuesday. UNI PHOTO

 

[Hindustani78]

http://www.deccanherald.com/content/582750/rs-35-crore-seized-nagaland.html

NEW DELHI, Nov 24, 2016, DHNS

The Rs 3.5 crore cash in demonetised currency that was seized from Dimapur airport has gone missing, and it has now emerged that the money is linked to a son-in-law of a former chief minister, who is now a sitting Lok Sabha MP.

A source in the government said the businessman son-in-law claimed before authorities that the Rs 3.5 crore cash, seized by Central Industrial Security Force (CISF) Deputy Commandant Pushkar Parashar, was part of “Rs 5 crore meant to purchase agricultural land at Hisar in Haryana”, but the deal failed.

The politician’s relative certified that since “this deal could not be done”, he deputed Amarjeet Kumar Singh to bring back Rs 3.5 crore to Dimapur by flight. He claimed it was legal money and was earned from agricultural sources.

He also claimed to have Income Tax (I-T) exemption certificate issued on May 16 – which is given to the local Schedule Tribes (ST).

Interestingly, the cash went missing after it was handed over to I-T sleuths by the CISF officer, the “seizure memo” accessed by DH revealed.

Parashar seized the cash from Singh in the presence of two witnesses Sharavan Kumar and ITO Meghajit Khumantham. I-T inspector Imlinukshe Imbong wrote “received” on the seizure memo but the cash is now missing.

Diphupar police station in-charge S Bokato Sema summoned Parashar on Wednesday for recording his statement.

A source in the CISF said Parashar did not appear as he was away in Kolkata on duty. The source also suspects collusion at the local level to let the politician’s kin off the hook.

Suspecting it as an attempt to convert black money into white, a CISF officer wondered if it was legal, then what was the need to send such a large volume of cash in a chartered flight.

State government officers said I-T exemption to local STs is being exploited to park black money. In a similar incident about six months ago, cash was recovered at the airport from a person bound for New Delhi.

 

[Mitro]

Remittance are tax free hahahaha

Tujhe bada dard ho raha hai.

 

[Mitro]

All remittance are white money lol

black money horder

 

[Hindustani78]

http://zeenews.india.com/news/india...tonnes-of-banknotes-since-nov-19_1954219.html

New Delhi: The IAF has airlifted over 160 tonnes of new currency notes from four printing presses to various parts of the country to cut down the time taken to transport cash from the source to main distribution centres to meet the surge in demand post demonetisation.

Sources said the Indian Air Force (IAF) was pressed into service on November 19 and it deployed AN 32, C130 J and C17 transport aircraft and helicopters for this purpose.

"Helicopters were already used for transporting cash to some remote areas of the Northeast. But the use of transport aircraft is a new thing," a source said.

The government roped in the IAF to cut down the transportation time for the delivery of banknotes after a shortage was felt in the market because of demonetisation of Rs 500 and Rs 1,000 notes.

PTI

First Published: Monday, November 28, 2016 - 20:21

 

[Hindustani78]

Ministry of Finance
06-December, 2016 17:46 IST
Income Tax (IT) Department carries-out swift investigations in more than 400 cases since the de-monetization of old High Denomination (OHD) currency on 8th November, 2016; More than Rs. 130 crore in cash and jewellery seized and approximately Rs. 2,000 crore of Undisclosed Income admitted by the taxpayers; IT Department refers large number of cases with serious irregularities detected Post De-monetization to Enforcement Directorate (ED) & CBI.

The Income Tax Department has carried-out swift investigations in more than 400 cases since the de-monetization of Old High Denomination (OHD) currency announced by the Government on 8th November, 2016. More than Rs. 130 Crore in cash and jewellery has been seized and approximately Rs.2000 Crore of undisclosed income has been admitted by the taxpayers.

Detecting serious irregularities beyond the Income-tax Act, the CBDT decided to refer such cases to the ED and the CBI, enabling them to examine the criminal conduct for immediate necessary action. More than 30 such references have already been made to the ED, and are being sent to the CBI.

The Bengaluru Investigation Unit of the Income Tax Department has sent maximum references (18) to ED. These are cases where undisclosed cash in new high denomination notes was seized by the Department. The Mumbai unit has referred a case where Rs. 80 lakh in new high denomination currency notes were seized. Ludhiana Unit has referred 2 cases, where seizures of USD 14000 and Rs. 72 lakh in cash were made. Hyderabad, shared a case involving seizure of Rs. 95 lakhs cash from 5 persons travelling in a Tata Indica. Pune’s reference stems from a seizure of Rs. 20 lakhs cash, including 10 lakhs in new currency notes from an un-allotted locker of urban cooperative bank, the key of which was in the possession of the CEO of the bank. Two cases referred by the Bhopal unit are of jewelers against whom evidence of large scale pre-dating of bills and flouting of PAN reporting norms were detected during searches conducted. The cases referred from the Delhi unit include the Axis Bank, Kashmiri Gate in which complicity of officers of the bank in the malpractices was detected.

The concerted and coordinated enforcement action of the Income Tax Department, ED & CBI in detecting the malpractices and taking swift action is going to continue in the coming days.

*****