Demonetisation: Nearly Rs 13 lakh crore back in the banking system....
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http://www.moneycontrol.com/news/cnbc-tv18-comm...
Nearly a month after Prime Minister Narendra Modi announced the government’s demonetisation drive, close to Rs 13 lakh crore worth the-now-invalid currency notes has been deposited into the banking system, sources told CNBC-TV18. The revised estimates of Finance Ministry and the Reserve Bank of India pegged derecognised currency — Rs 500 and Rs 1,000 notes —at about Rs 15. 5 lakh crore. The government had estimated the tender at around Rs 13-14 lakh crore earlier. According to RBI, bank deposits stood at Rs 8.5 lakh crore on November 27 and Rs 5.4 lakh crore on November 18. CNBC-TV18’s queries to the RBI on the release of latest bank deposit numbers went unanswered. Meanwhile, the government machinery has sprung to action in a bid to catch offenders. The Prime Minister’s Office has asked the Finance Ministry and RBI to submit a daily status report on banking activity. The Income Tax and Excise departments, Directorate of Revenue Intelligence and Enforcement Directorate are also ramping up investigations against possible offenders.
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This is the Power of Sharad Power 
#jk
13.7 lacs crore latest unofficial figure out of 15.4 lacs crore total circulated money.
The reason black money jumla turned into cashless jumla. 23 days left and just few lac crore left in system. Chale the black money nibtaane 90 log nibta diye line mein. 
But where is the data for loss due to closed businesses and loss of man-hours? This is just one-sided data.
Kisi Ka Loss to Kisi ka Fayda
Money Qty Remains the same
modi and its puppets are arrogant idiots
.very impulsive decision from vote hungry politicians.
my fellow indians are made to suffer too much in name of nationalism
CON: * THERE WAS NEGLIGIBLE BLACK MONEY IN SYSTEM
back after a long time Emma! 
well someone did mention above the chances of counterfeit currency sneaking in those returns.
That having been said, inflation and unaccounted money are one of the keygrowth drivers of any economy.
So it is not that we were growing without a good lot of it (black money). There is, there was and there always will be a lot of black money in the system.
the current cat and mouse game would play on for a while though (the new Benami Assets Act).
The other stated objective of defeating terror financing will unfortunately be undone in matter of months (if not weeks).
Karachi, Lahore and PRC wouldn’t sit back. They get geared to making FICN.
Main Reason for Big Figure is Duplicate currency which Bank not able to Verify
Thus If Its go beyond 1 Lakh crore RBI Issued Money It would be Big trouble for RBI since they have to Keep that much Security for that
Agli Surgical Strike mein 100-150 MIG se Islamabad ke oopar barsaat kar aayein yeh saare 500-1000 ke notes ki. Le kamine Pakistan le ise apni currency bana le.
I read that they were only expecting some 10 lakh odd crores to be deposited and the govt would make windfall gains which they could get as a ‘special dividend’ from RBI. But now that more money has entered than they were expecting it is turning out to be a disaster. Estimates suggest that at least 1lakh+ crore would be the expenses incured by govt due to this demonetization stint. Now unless and until they tighten the screws to find out how much of black money has entered back the system, they have put the economy in a grave danger. They have incurred expenses for which they don’t have money.
I might be ignorant but who other than politicians would keep hard cash in tons forever? Won’t they invest in the ‘darling’ real estate or gold as has been done from decades? Either the govt made a wrong decision or they just wanted to pull the money back into the system to ‘recapitalize’ banks. Anyway we don’t have to wait for long to know the results 
Plan was to take away common man’s savings and loan that amount to adanis and ambanis. And everything is working as per plan. This is what economic affairs secretary has to say a few minutes ago
https://twitter.com/ANI_news/status/80646243457...
Knowing that NPA rose to levels of 20-25% in some banks and recapitalization plan by Jaitley wasn’t feasible moreover there was no cash to bail out banks, government found easiest way to fool people. Only thing is they didn’t do homework well. Now we are suffering. Illiquidty shall stay for atleast a year now as slow note printing and limits on withdrawal will stay till things are normal.
@ranjithsai01 wrote:
I read that they were only expecting some 10 lakh odd crores to be deposited and the govt would make windfall gains which they could get as a ‘special dividend’ from RBI. But now that more money has entered than they were expecting it is turning out to be a disaster. Estimates suggest that at least 1lakh+ crore would be the expenses incured by govt due to this demonetization stint. Now unless and until they tighten the screws to find out how much of black money has entered back the system, they have put the economy in a grave danger. They have incurred expenses for which they don’t have money.
to an extent true. the foresight was not there. it was a shot in the dark.
although it is plain stupid to think Indians will let go of their money.
have heard almost first person accounts of wealthy families going on hawala junkets to Dubai or Middle East, just so they could bring Dirhams in batches, against the cash paid locally to the hawala operators.
and this was despite taking minimum 25-30% hit (the operators charge that much).
@ranjithsai01 wrote:
I might be ignorant but who other than politicians would keep hard cash in tons forever? Won’t they invest in the ‘darling’ real estate or gold as has been done from decades? Either the govt made a wrong decision or they just wanted to pull the money back into the system to ‘recapitalize’ banks. Anyway we don’t have to wait for long to know the results
i doubt if anyone (including politicians and especially politicians) would want to idle large stasges of cash.
ofcourse, the election season is another matter.
But most funds get redeployed fast or atleast parked in the system.
if you read up on Shri. Mahesh Shah you’d know how it goes.
[though he declared 13500 crores in IDS, mostly he was a conduit only].
and about gains from banking:
I guess they are trying to squeeze out some funding by way of forcing it upon them to invest in (buy) Gsecs.
coupled with interest rate tweaks the demonetisation fumble, will help them save face when things go in a tailspin after the GST mess gets bigger.
Failure of Modi’ji Stupid plan..
Now he is responsible for 80+ death and poor Economy
Offtopic:
they started a New drama to hide their failure.
Before they say it as Black money, NOW its a failure plan, so changed the word “Black Money” as “Domestic Savings” lolz…
Bharat matha’ki jai – Modi’ji ki fail
+1
Net national income = Consumption + Investment with Kaala Dhan + Demonitisation Blues + Net Exports + Net Foreign Trips – IT bribes – Depression
If positive outcome is less than negative ones then it will hit badly to govt . jaitley ki chhutti ?
However still 22 more days then govt will have to tell what India achieved with this strike !! For getting results banks should be cross checked where the new notes were given bcoz bank managers played a big role in it .
But also I can’t understand 1 thing some ppl saying it is scam of 8 lakh crore rs and all money deposited will be given to corporates etc type blames. But how ? People can get their money back and they can freely use deposited money via ATM cards or cheques . so base of this accusation ??
also dont forget CNBC is ambani’s channel .
Gov’t. Is following paytm strategy.. Instead of giving discount, paytm gives cashabck which mostly lies in wallet until used. Basically interest is earned that way..
Bro,,You hav lot of black money huh..?
😲😲
Isi liye mujhe English acchi nahin lagti. Samajh nahin aata ki do intellectuals lad rahe hein yaa discussion ho raha hai
🙅🙅
intel-lect inside neglect outside
PS : you seem to be using keyboard emoji, those appear as box on DD site
Is BJP going to arrest former state minister “Reddy Brothers” for exchanging 100 crore black money (actually it is Bribe money) and his drivers suicide…??
NO…
Lalit modi escaped with the help of Susma swaraj (External Affairs)
Now its Rajnath singh Turn (Internal Affairs) to do his duty lolz 
Even though its little difficult for Rajnath singh, because of* 10 page letter by driver*, who suicide.
Offtopic:
Jaitley and Gadkari in ROW about their inhouse marriage too, but they escape for sure
They should have arrested those Reddy guys long back. But how can they when they were the source of party funds for a long time when BJP was not in power. If not direct bribe money definitely its the money which they looted from Bellary mines/land deals/denotification scams. Even the present Karnataka CM though from Congress doesn’t want to touch him because they are all the same when they want to loot us. It’s like written all over that 500+ cr marriage that this is not the money earned from hard work but as usual everyone is blind. I don’t see anyone questioning about this on tweets to the PM, all they want to do is choose some trivial issues to tweet him 
whenever modi meets his mother it makes headlines. but when he meets ambani and adani nobody has iota of knowledge
.clever use of PR for playing sentiments of emotional common man
there will be limit of withdrawing money for almost 5-6 months…
@goyal.dkg
Given all that you’ve written here (I agree with all those points in the post): https://www.desidime.com/forums/dost-and-dimes/... do you think it is fair to push the dream of a cashless society onto the majority of Indians?
I think it is very unfair to most Indians and I do hope our prime minister/government/opposition/whoever else cares will seriously give a thought to such things
Because I fear that with a cashless society, the time is just ripe for a particular breed of cyber criminals to make hay while …
bro that post was just to aware what we can do to safe ourselves from such frauds , whether there is cashless society or not , does not matter . bcoz that post applies to all who use cards and netbanking .
and regarding your comment i agree that if we see current fiasco then completely cashless society is not recommended bcoz of poor cyber laws , lack of knowledge about online transaction and how they works , even our most of govt sites are not secure so much , and in some news i saw that people even after getting cheated were not even aware where the did mistake , bcoz they dont know which thing should be confidential and how a fraudster can do trick with us .
online fraud is much way advanced than offline one .
so dreaming this thing on large scale without thinking on after-effects and current cyber issues it will be wrong step to govt itself . we can apply it instant but yes we can give it a start and same time we should have to establish better networks and make a friendly environment for this .
And still they want to decrease interest on FDs
Modi says coming days may be tougher, seeks 50 days
Chartered Accountants’ body warns members against speaking their mind on demonetisation
then?
Fake Rs 2000, Rs 100 notes amounting Rs 4.15 lakh seized in Punjab
6 crore worth new currency found in this hidden bathroom. I mean wow.. hume 1 note 1 ghante line mein lagne par milta hai aur logon ne gupt tehkhana bana rakha hai. 
give them 50 days all will be fine slowly slowly
Over Rs 10 lakh in old notes seized from former BJP worker in Pune
So even RBI have no clear figure about the money(500/1000) in market circulation, they are changing estimates
I am sure they will change figure to at least 18-20 lakh crores or even more after 31st december….
Also this is clear indication and we all know that people do not keep black money in cash form rather they buy real estate properties and other assets like gold & jewellery.