Author Topic: Black Money in India Predictions  (Read 28321 times)

pallavi

₹ at 68.8 per $
« Reply #30 on: November 25, 2016, 07:07:50 AM »
No exchange of old currency from today. Only deposits and atm/self-cheque withdrawls, or NEFT/card swiping/RTGS/mobile banking/payTM transactions.
₹ dropped to 68.8 per $ yesterday. (other factors too have effected)
Soon can cross 70...
Out of 14 lakh crores worth ₹500 and ₹1000 notes, banks got deposits of 6 lakh crores so far and are expecting 3 lakh crores more by end of december.
Rest 5 lakh crores will be govt profit, for which equivalent ₹2000 and ₹500 notes already printed.

For the first time in Independent India, there can be zero deficit budget and from april 2017, bank interest rates will come down.

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Black Money in India Predictions
« Reply #31 on: Today at 06:21:52 PM »

Apparao

₹11.5 lakh crores deposited in Banks till date
« Reply #31 on: December 08, 2016, 07:33:48 AM »
Close to ₹11.5 lakh crores out of estimated  ₹14.5 lakh crores of cash deposited in banks till last night. [total could be close to ₹16 lakh crores, but already ₹0.7 lakh crores in depsoits and ₹0.8 lakh crores with RBI]
With 18 working days remaining for banks in this month, one can expect another ₹1.5-2.0 lakh crores to come in..

So, the exercise of demonitisation will leave central govt with a profit of ₹1 lakh crore.
Taxes collected at 50% rate from some accounts could be around ₹3 lakh crores. [not every ₹ deposited post nov 8th is black money]
So, the total would be ₹ 4 lakh crores profit and elimination of counterfiet currency + elimination of terrorist & maoist + election funding for some time.

How many months will it take for corruption to restart at full scale and for ppl to stash up ₹2000 bundles ?
I think it won't take much long as Saturn+Mercury are playing games from early to mid 2017.
Also, Jupiter has no aspect on Saturn, which makes it easy for them to find ways...

Srikanth

Black Money in India Predictions
« Reply #32 on: December 08, 2016, 10:41:44 PM »
Forget about demonitisation.. If lobbying/betting/gambling is made legal in India (as predicted by Virinchi that it will happen soon) then this site can open a daily page for predictions and make lot of money

Shree

Black Money in India Predictions
« Reply #33 on: December 09, 2016, 12:23:44 AM »
Any money deposited with the Bank is a liability to the Bank, in this case to the RBI and consequently to the Govt. So if the amount of deposits is more than currency in circulation, it means that Govt has to pay the depositors more than what they were earlier liable to pay and hence its a loss to Govt.  So it will be a big loss if deposits become more than the currency in circulation.  All assumptions on 3-4lakh crore of money not coming back has gone for a toss.

Now how can deposits become more than currency which was in circulation.
1.  If RBI has double counted some deposits i.e. it counts the deposits by customers in their banks and also counts interbank deposits on the same money
2. If fake currency is deposited in the banks

Due to the confusion even RBI has stopped daily reporting of the deposit amount, which shows that even RBI is not equipped enough to handle the mess they have created along with Political bosses.

How much cash deposited is black money and how much tax will be collected ..only time will tell. All big thieves are associated with one or the other political parties, who are escaping easily. Janardhan Reddy and Gadkari spent spent hundreds of crores on daughters wedding .. will they be caught ?
Time is all powerful.

regards
Shree

Srikanth

Black Money in India Predictions
« Reply #34 on: December 09, 2016, 10:55:56 AM »
Interests on savings accounts are on average 6% p.a
That means for 12 lakh crores of deposits, banks will have to pay about 6000cr interests p.m
So interests for these 2 months could be 12000 cr but assuming at least 25-30% of deposited money comes as tax+penalties govt makes good profit..
Now it will be headache of banks(especially private) to give more loans and also recollect them with interest from next yr.

SaSirEkha

Elections 2017 : Black Money in India Predictions
« Reply #35 on: December 10, 2016, 08:35:47 AM »
Even though intention behind demonitization was right, if cash crunch is not managed by next month, BJP can lose state elections in UP to   ͜ʖ yadav.
In Goa and Punjab their coalition can win

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Black Money in India Predictions
« Reply #36 on: Today at 06:21:52 PM »

Virinchi

Black Money in India Predictions
« Reply #36 on: December 12, 2016, 06:08:35 PM »
Few Bankers are trying their level best to fail Modi's idea.
Very few have realized that ₹2000 note is a trap !
HDFC, ICICI, Axis Bank were given more new currency and ₹100 notes, compared to nationalized State Banks etc.
But only SBI etc are regularly filling their ATMs and giving cash through withdrawls.
ICICI etc always have no cash board.
Next year, many bank managers from those private banks will be arrested by CBI
Wanting to learn vast ranged Astrology only to predict few sport events is like Marrying only for Sex !

The greatest mistake you can make in life is to be continually fearing you will make one !

Virinchi

New ₹20, 50, 100 notes and coins of ₹100, 150, 1000
« Reply #37 on: December 14, 2016, 12:43:10 PM »
These are the new 20, 50, 100 notes coming up in 2017.


Also, coins for 100, 150, 1000 are coming up


not sure how authentic these are, but looks good for a complete replacement of existing currency, after ₹2000 gets withdrawn


LEO

Black Money in India Predictions
« Reply #38 on: December 15, 2016, 12:53:25 AM »
Does look like plastic but if has enough security features to prevent counterfieting, then useful.
More than replacing every note, rules should be passed like :
1. No body can hold cash of more than ₹1,00,000 at a time.
2. Cash deposits in bank should not be more than ₹50,000 at a time and not more than ₹1,00,000 in a month.
3. All transactions above ₹10000 should be done through banks.

Ravi Varma

Black Money in India Predictions
« Reply #39 on: December 20, 2016, 09:35:54 PM »
Everyone complaining about difficulties since past 6 weeks, should know that, this decision of demonitization was taken due to a SCAM done by UPA government.
The agency which got contract to print Indian currency, had actually printed 2-3 duplicate notes of ₹500 and ₹1000 each and congress party leaders stashed it.
They were using it for elections, funding terrorism, maoism, dharnas, bandhs, rallies etc.
This duplicate note printing was revealed by FBI in USA during 2011 itself, but UPA-2 govt did nothing to stop it.
They only tried to replace ₹500 notes printed before 2005 with new notes and also brought in their duplicates ! Same note, with same serial number had 2-3 copies in cirulation !!!!
Pakistan printed fake notes were hardly 3-4% in total currency. These desh-drohis did more damage


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