Who Will Benefit or Suffer Because of Ban on Notes of Rs. 500 and 1000

Who Will Benefit or Suffer Because of Ban on Notes of Rs. 500 and 1000

PM Narendra Modi banned the Rs.500 and Rs.1000 on November 8,2016
The decision was excellent but in implementing the scheme government got exposed and we saw that government and RBI done zero homework before banning the notes.

But still Ban is good and now question is who will benefit, who will gain because of the Banning of Rs.500 and Rs.1000 currency Note.

In India 78% transactions happen in Cash. India is not ready for plastic money and Cards.
India has just started journey towards becoming cashless society, it will take 25 to 50 years. Or more. As technology is changing fast it may happen faster if Government supports the technology and brings good legislations.

How much was the share of Rs.500 and Rs. 1000 currency notes in India
86% notes were in form of Rs.500 and Rs. 1000

How much was the fake counterfeit money was in the circulation?
It is believed that Rs.400 crore or Rs. 500 Crore was estimated fake counterfeit currency was in circulation.
Because of this ban India got rid of fake currency notes.

But very soon we will find that increase in the fake currency note of Rs.100 and soon there will be fake currency notes of Rs.500 and Rs. 2000 will start to come into Indian economy.
On November 27, 2016 six members of a gang were arrested in Hyderabad for printing Fake Indian Currency Notes (FICN), including the Rs 2,000 note, and conspiring to circulate the counterfeit notes.


1-
BJP as party will gain lot.
In elections BJP will benefit because of this Ban as Opposition parties failed to explain what is happening in reality regarding notes of Ban.

Opposition parties will suffer.


2-
Ban on notes has increased the popularity and image of PM Narendra Modi
Excellent move by PM Modi, 100% Indians Support the move but regarding implementation someone failed him 100% in implementation. I do not know who failed PM Modi in implementation. I hope PM Modi will find out the culprit and he will get a lesson on management.

3-
Black Money Implementation =100% failure.
More than 50 Indian citizens died because of this ban

Everyday there is a change in government policy and government is announcing new measures.

People say 10 to 12 months’ back BJP government started to work towards banning Rs.500 and Rs.1000 notes
I do not think it’s true.

If you say they have started to work on this ban before 12 months, then we must say that intelligent boy studied for a whole year and he failed in his exam he did not even get 35% marks in this exam to be declared as pass.
We only fail in exam when we do not study properly and we do not do planning
1-month study is enough to pass any exam but it needs honesty, hard work, planning and dedication.

As they did not do the home work regarding ban in hurry they without any planning they changed the size of the notes and ATM machines were not ready for small notes.

New Currency notes got the Sign of Urjit Patel this means Printing started when Urjit Patel became the RBI Governor. On 6 September 2016, he became Governor of Reserve Bank of India (RBI). This means Printing of New notes started after September 6, 2016.
Preparations to Ban notes and bring new notes started in the month of September 2016.

3-
Regarding Black Money –
Nothing is going to change, the people who are involved in doing corruption they will not change.  To get rid of black money BJP Government banned Rs. 500 and Rs. 1000 Note
And same government brought new currency notes of Rs. 500 and Rs. 2000.
After 50 days or 100 days when everything will become normal, corrupt people will start to create, generate new black money using new currency notes of Rs.500 and Rs.2000 as it is guaranteed that No will go to Jail for doing tax thefts and accumulation of money.

4-
Companies like Paytm will benefit because of this ban.

5-
Farmers will suffer today and tomorrow also because of this ban.
Reason – No Internet, No Electricity, Little Presence of Mainstream Banks in villages.

6-
Small Manufacturing Units will suffer for 6 months or 12 months but they will be fine after 1 year.

7-
Prices of everything will start to go up from A to Z you will find that slowly Prices are going upwards.

8-
Pensioners will suffer as rate of interest on deposits will continue to go down after every few months.

9-
Builders will benefit as rate of interest on Loans will get reduced and builders will get relief as they will get new buyers without reducing the prices of flats, apartments.

10-
The people who accumulate money and do tax theft they will benefit because of Rs. 2000 currency note as note is small in size and value is more.
11-
Daily wage workers will suffer for 6 to 12 months.

12-
Willfull Defaulters will gain –
On the name of NPA Bank will write off the loans of all big business companies or people.
Write off means Banks will not ask you to repay the loan amount
In simple language you can say that Banks never paid them loan so there is no question of repayment of loan amount.

13-
Now Banks got the Cash Now they got more power to write off more loans and give more loans to big business houses Thus circle of Write off and NPA will continue in future also.

14-
Terrorism –
Reason to ban notes –
This reason will be valid only for 50 or 100 days once new currency notes will into market terrorist, they will also use the new notes. Few days back media reported that police found new currency notes of Rs.2000 from the dead terrorist.

15-
Drugs and Note Ban –
Once they get the new notes they will start to use new notes for 100 days their business will also suffer just like others.

16-
Illegal Alcohol or Daru –
Same Once cash will come into market they will start to do their business again by paying the bribes in new currency notes of Rs.2000

17-
Increase in tax collection –
Got chance to convert black money into white money.
People paid using notes of Rs.500 and Rs. 1000

18-
Gold and Diamond sellers –
Gain = sold gold and diamonds on higher rates showing old bills.

19-
The people who accumulated black money they will suffer little bit but once cash will come into marktet they will again start to use the old methods and accumulate new currency notes.
they will not change and nothing will change .
When a young boy gets Rs. 1000 note from his father he spends it in a second without thinking anything
reason - free money no hard work involved.
Same boy when gets his first salary he ends up making his first Fix Deposit or Inevestment. He thinks before spending hard earned salary.
Same way people who accumulate money for them its a free money , no hard work involve and they know they will again start to do same after 100 days.

20-
Few people will start to use apps for banking but once everything becomes normal and cash comes into market they will again start to use cash and use debit card only to withdraw money.

Ban on notes by PM Modi = 100 stars out of 100
Implementation = Zero stars out of 100 stars

Reality views by sm –

Sunday, November 27, 2016

Tags – Note Ban Effects