Impact of banning Rs. 500 and Rs.1000 notes in india

IMPACT OF BANNING RS. 500 & RS. 1000 NOTE

Corruption will

reduce

1

Before 9/11/2016,

Price = BIG CASH + small amount cheque

So, black-and-white price is highly different from actual Price !After 9/11/2016,

Keep reading to get the answer…

2IMPACT OF BANNING RS. 500 & RS. 1000 NOTE

Lot of Black Money

is recovered


In many industries, overbilling is the basic norm that has generated a lot of black money

Overbilling will reduce

Here, Buyer keeps the black-and-white price Very High as compared to Actual Price. Why?


Overbilling will reduce

To generate lot of Cash upfront to run its operations or to generate profit from Day 0. However, on paper he may show, I am at Loss for a time-period. So, Tax Evasion. And on top of it, Govt offers them subsidy under various schemes. So, Rich gets Richer. Black Money Ruled.


“Fake notes for these currencies are already known to be circulating in market”

Fake Currency Circulation

will reduce

IMPACT OF BANNING RS. 500 & RS. 1000 NOTE

Various kinds of

Investments

may reduce (like

antique buying,

multiple properties,

etc)

5


“No Black Money” will reduce the buying capacity of land mafias and others.

Property prices may

come down due to

reduced Demand

Here, black-and-white price is kept Very Low

as compared to Actual Price to save Stamp Duty etc


Show Black Money (= Income above Actual Income ), then

Pay TAX on that Black Money + 200% PenaltyDon’t Show Black Money, then

Black Money = 0 (Current Real Value of Rs.500 & Rs. 1000 notes)

How will you pay to your debtors? By converting Black Money to Gold, Buying Refundable Travel / Air tickets, & ??? (Educate us) !

Whether you show Black Money

or not – You are in Trouble !!!


People used to make Hefty Black Money, then Donate that black money to Temples for forgiveness and for blessings “Whatever I am today is because of you God…”

Donations to Temples etc

may reduce


"I have sent my son to US for higher studies" - This used to be trend among families with Black Money.

Education Abroad will reduce


No Black Money,

No Easy Luxury.

Luxury Items buying will reduce


Luxury items was pretty affordable with Black Money. But now these buyers may reduce drastically.

Luxury Items prices may reduce


One of the major industries to hide black money. Were they using black money instead of cement? We wonder what they would have done on 9/11.

Diamond industry may be

severely impacted


Luxury Gifts will now become Luxury only.

Luxury Gifts or Cash-as-Gift

may reduce


Also known as - Angadia, Hundi, Hawala. It means –

“Money Transfer Without Money Movement”Most businesses use this for Heavy and Quick Cash Transactions in both inter- and intra-country.

Hawala Transactions

may reduce


When Cash-Transactions will reduce, agents should reduce too.

Brokers/Agents in every

Industry may reduce


Buying Gold with Black Money used to be the best place to Hide Black Money. Difficult to see this trend continuing.

Buying Gold, Silver etc…

may drastically come down


BIG FAT Marriages / functions have become a trend in India in recent years. More Black Money, More Show-off. Now what?

Lavish Marriages may

reduce significantly


Who would like to give their White Money to others? Raise your hands!!!

“Giving Heavy Cash” during

Marriages may reduce


“Dad, Can we go to Switzerland & then Paris.” “Sure, Son! We have enough Black Money! Why are you asking this stupid question?”

Let us see if this trend continues.

Luxury Honeymoons may reduce


“Mom, let us go to that 5-Star hotel for an ice-cream.” “Wait a minute, Son, let me take some cash!”

Interesting to see if this love and pamper continues.

Luxury Dining may reduce


“Common guys, you are here for a day. Let us celebrate.”

Anyways, what my Dad will do with so much of "black" money?

Taking Friends and Relatives

to parties every now-and-then

may reduce


When less cash in hand. What will you carry? Credit/Debit Card. Isn’t it obvious?

So, more Cashless based Economy. Reduces corruption.

More Plastic Card

based Economy


In recent years, you see your neighbour become a Crorepati/Millionaire kind of overnight.

Now this growth may be more timely & systematic.

NO sudden rise in people

wealth


Welcome Investors to

Reduced or No Corruption

Country, India.

Attractive to Foreign Investors


More Tax Income for Government of India. Are the State Govts become 100% accountable too for utilising TAX Payers money? Hope this Dream becomes Reality too!!! We hope poor people and farmers get their 100% allotted money.

More people will be paying

Taxes


No Black Money.

Only White money in market.

So, probably less abrupt buying.

Equity markets may be

impacted


Betting with White Money or Black money. Which one will you choose?

All Betting Industries

will be impacted


Less or No Black Money, may reduce the frequency of travelling.

Airline Industry will be impacted


Many people with Black Money prefers to travel in Business Class. You know for more leg space, nice sleep, etc.

Will they still sleep nicely after buying Business Class tickets for whole family with White Money?

Business Class travelling

may severely be impacted


Luxury Car Buying with White money - How many people have you seen doing this? People with black money usually show very less income y-o-y. How will they show multi-folds growth in just a year or so? Let us see.

Automobile Industry

may be impacted


Movie industry

may be impacted


Many advocates demand luxury items BMW etc… while running a case for people with black money. Would their demands still be met in future?

Advocates “black” income

may come down


Fighting over

money may reduce


Buying illicit

drugs may reduce


Construction

materials demand

may go down


In recent years, building colleges have become a big business in India. Got some black money, create a Charitable trust, open different institutions in name of trusts, esp. colleges and enjoy your life being a “honourable” trustee. Are they really honourable actually?

New Colleges / Hotels

may reduce significantly


Pubs / Bars /

Night Discos

may get

impacted too


Luxury

spending or

celebrations

during festivals

may reduce


It should drastically

reduce Extravagant

Spending on

Elections

• Airline Industry

• Travel Industry

• Food Industry

• Real Estate Industry

• Education Industry

• Equity Market

• Automobile Industry

• Movie Industry

So, most industries will be impacted.

Some of them are:

• Betting Industry

• Illicit Drugs Industry

• Construction Material Industry

• Gems and Jewellery Industry

• Textile Industry

• Prostitution Industry

• Pubs / Nightlife Industry

• Hefty Religious Donations

• Recycle Industry

• Scrap Metal Industry

So, most industries will be impacted.

Some of them are:

What do you think:

Will this Banning remove

the Corruption from our

day-to-day life too?

Bye Bye, Black Money !!!

Don’t Forget to Subscribe !!!

Because it’s free, Honey !!!

Date post:	21-Apr-2017
Category:	Economy & Finance
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Impact of banning Rs. 500 and Rs.1000 notes in india

Economy & Finance