The Citizens and the Politicians were totally confused, during the Demonetisation. There were everyday RBI and CBDT notifications. The Government went berserk and taken aback with the ways, the money launderers, black money holders and criminals tried to get their ill gotten money into the system by depositing the CASH into some bank account.
The wily PM, had outsmarted, even the top politicians within his own circle and leave alone the small fishes.
90% of the 15 lakh crores is back into banks. Now produce the account.
Everybody is questioning the way the demonetistion executed by the Government, as it is not a regular affair and it is conducted once in 50 or 60 years.
But, the PM had GUTS to challenge and executed it. There were people standing in the Q for long time and the labourers felt the trouble most. The small vendors across the town and villages had a tough time, but, We the Indians, are adaptable to any circumstance and have shown that the citizens accepted it and have come out of it.
90% of 15 lakh crores currency is back in bank chest and the release from the bank is only about 5 lakh crores and the economy is still running with slight handicap.
Now, all those, who have deposited the old currency have to come out with accounts to withdraw the same and the same will be OUT of the Banks in about 3 months, back in circulation, producing Taxes to the Government and the illegal transaction will be reduced by 50% to 75%.
The simple plan as we assume is JUST TO BLOCK the cash and bring it into the account and then begin the investigation into GOLD HOLDINGS, STOCKS AND SHARES AND PROPERTIES.
Now, Gold,Stocks and Shares and Properties cannot be easily bought as every rupee is accounted for.
The New Year will begin with the Gold, Shares and Stocks and Property investigation.
The common man felt the hardship for 50 days and will not end right away. It might take atleast 6 months to 1 year to recover from this onslaught on the economy.
WE ARE NEITHER IN SUPPORT NOR AGAINST DEMONETISATION, THE ABOVE WRITE UP IS THE ACTUAL SCENARIO AS SEEN AND FELT.