Money matters It will cost between Rs13 to Rs 25 to print new notes Who will foot that bill of reprinting Notes of high denomination are avaiable at discount Some poor people can make some money in small transactions that cannot raise eyebrows Gold exchange is another method for small people to book profit The circulation of Rs 500 notes went up by 40% and 76% respectively Wiill it stop the cash transaction for buying flats, seats in professional colleges? It will certainly drive a nail in the coffin of legislators seeking elections, where stack of cash is stored for distribution and election related purposes. Rich people have black money stashed away in foreign countries and others hold it in gold, presious stones, Terrosim will still be driven by drug deals at lower scales and other means will be avaiable for arms purcHases The scheme coming into effect after voluntary income discosure scheme ending after 30 sept, billed to be a huge success Why Rs10.000-= notes not demonetised to spare the lack money hoarders, will Rs 2000= notes proliferate hoarding in still higher currency denominations, It is believed that new notes have a chip embeded into it, which can be traced very easily form its place of hoarding and location identified by just reflecting back a signal needing no electricty or power momentarily people will oincovenienced to a large extent, The Q`s at banks and post offices will be unending, It will give I. tax authorities a new handle to harass thosethat even exchange legitimate cash withdrawn earlier scruplous hoarders will find ingenious methods to dispose the amounts at discounts and still gain in the end Is it a diversionary tactic to take the heat off of Govt failures on its econmic front and filure of good governance ACHE DIN ANEWALE HAIM
