Forum Thread
Indian Clan
Forum-Index → Fan Clubs → Country Clans → Indian Clanaccording to him …
the ban was planned 1 year back but for that they have to plan each every thing like jan-dhan yojna , declare the income … etc.
it was the process in this they knew that it will be panic for few days … when it happened in 1975 or somewhere that time banking system was different and now its almost different ….
It will be soon cashless transactions as by jan-dhan yojna many people will get debit cards… and there are plannings going on about taxations
as far as black money is concern according to anand bokil its just 4% but we have took a step towards black money … as swiss bank having black money it cant be retrived as its went with there economy …. it can only be bring back by way of investment.
he also told that there are many plannings going on like invade all the taxes … only import duties can be charged as its of international concern
people will be charged on banking transactions E.g if you want to give 100 rs to someone via bank then 2% tax will be there on receiver end means the receiver gets 98 rs … 2 rs will be distributed among tax like central govt,state govt, municiple body Etc.
so this will eventually get into more banking transaction…. as bank will give more interest because of cash flow … and black money will be tracable !
So yeah overall i guess it was quiet a good move :3