RE:regarding currency strengthening and removing black money
by srinivasan mv on Jul 20, 2007 12:58 PM Permalink
These days politicians are clever. They buy binami lands. If these politicians say Rs. 1000 has no value, it means they are already prepared. It is only the poor salaried class will be having Rs. 1000/- in their lockers for any emergencies, and will get caught by this move.
RE:regarding currency strengthening and removing black money
by ramkrishna on Jul 20, 2007 11:56 AM Permalink
IF THE INDIAN GOVERNMENT TO BE STRONG , THE BLACK MONEY SHOULD BE REMOVED FOR THAT BEST WAY IS-- THE GOVERNMENT CAN SAY OR IMPLEMENT THAT THE CURRENCIES 500 RUPEE DENOMINATION, AND 1000 RUPEE DENOMINATION HAVE NO VALUE.
RE:regarding currency strengthening and removing black money
by Sandeep on Jul 20, 2007 12:24 PM Permalink
Agree, But what will happen to people/local traders having these currencies in pure legitimate form ? where they will go for the losses ? Can we do this at the cost of many honest people ?
RE:RE:regarding currency strengthening and removing black money
by Kishor Bhanushalii on Jul 20, 2007 12:19 PM Permalink
my dear
This will not help. RBI has to work has watch dog in international market and foreign exchange market. Steps taken by RBI till date are all in right direction. India could escape from the negative effects of east asian crisis because of restrictions on the convertibility of rupee
RE:regarding currency strengthening and removing black money
by Jai on Jul 20, 2007 11:26 AM Permalink
What do u want to convey? I can not understand what u mean by this statement
