Indian 1000Rs and 500Rs notes banned from 08-Nov-2016

[Star Wars]

Very nice.
I would love to see news of suffering from corrupt in judiciary, police, bureaucracy and politics. Waiting for those stories.

https://www.reddit.com/r/india/comments/5c195e/do_you_guys_know_any_people_hoarding_lots_of/

 

[cloud_9]

And how does a farmer or odd job worker reveal where he got the money from?. Street side beggars and hawkers?. What if they cashed in all their savings into 1000 rupee notes and now it's all useless?

Farmer's don't pay Income Tax,you usually fill a form to declare your agricultural income while depositing money.

 

[cloud_9]

http://www.financialexpress.com/eco...enssed-after-rs-500-rs-1000-notes-ban/445192/

Demonetisation drive: In the first four days of demonetization, about Rs 3 lakh crore of old Rs 500 and Rs 1000 notes were deposited in banks while Rs 50,000 crore has been dispensed to public, finance ministry said on late Sunday.
The banking system has handled about 18 crore transactions during the period, it said, adding that issuance of the new series of Rs 500 notes has commenced. Banks were dispensing Rs 100 and new Rs 2000 notes in exchange of old notes.

 

[cirr]

This is nothing but state robbery.

 

[Soumitra]

This is nothing but state robbery.

It is a robbery only against people with undeclared income and black money. It will force them to come out in the open and pay tax + 200% penalty on the undeclared income

 

[Kyusuibu Honbu]

This is nothing but state robbery.

State robbery is when state tacitly allows ruling elites to get away with $1.3 trillion corruption within a span on 9 years at the cost of its gullible citizens like in case of China.

http://www.gfintegrity.org/issues/data-by-country/

Thats more than $1000 per Chinese