World Bank's " THUMBS-UP " Assessment On Indian Demonitisation - SHALLOW MONEY VERSUS THE SHADOW MONEY

Pic - :: The Shadow Money That Once Upon A Time Had Rocked The U.S. Economy 

SHALLOW MONEY VERSUS THE SHADOW MONEY

This article is basically on the occasion of the passage of the  fifth year of the    DEMONITISATION that had taken place on November 8^th 2016 .  A lot of water has flown over, after the passage of the declaration of the demonitisation and there are many who still say that it was the worst in the annals of the Indian monetary policy and it’s history.

The fact is simple- those who thrived on the parallel illegal money that came through the route of Bangladesh and Pakistan and in some cases through Nepal, they found the demonitisation a bad  element for them.It is because their business which was full of illegal money was gone in one go and they had to bite the dust thereafter for their survival.

Those who were finding it hard to survive  found the bearing too good inspite of the fact that they had to withstand the pain to maybe some or to a certain extent for the same. In all the peole about 65% of them who are the earners for their survival found that the demonitisation really had done to them a WORLD OF GOOD.

The World Bank Report On India’s Demonitisation - ::

The World Ban and it’s economic wing after the demonitisation did a study with many elements of economy that it took into consideration and it came out with certain startling facts. It was a lesson in objectivity to learn about the facts that the World Bank came out with and it fully gave the THUMS-UP to the Indian Demonitisation. It completely made no bones about the secret about how the illegal money was destroying India, just like the WHITE-ANT that destroys the wood and it’s log. It came about the propensity of the SHALLOW MONEY and SHADOW MONEY that was ruling the wave, especially the shadow money that completely for all these years till 2016 destructed India and it’s economy.

The Report Of The World Bank

 " World Bank report says demonetisation will provide long-term benefits "

The World Bank report is of the view that demonetisation has the potential to accelerate the formalisation of the economy.

JUNE 04, 2017 / 07:24 PM IST

Pic - :: The Banned Indian Currency In Terms Of Demonitisation 

Five  years after the government's decision to "demonetise" Rs 500 and Rs 1,000 notes, data suggest currency circulation in value and volume continuously increasing, a massive rise seen in the digital payments transaction, and seen a sharp decline in counterfeit notes detected in the banking system, according to data available on RBI. Demonetisation was announced by Prime Minister Narendra Modi on November 8, 2016, citizens were given 50-days to deposit old notes in banks and post-offices by December 30.

Successful demonetisation will help in raising revenues on sustained basis as more and more people will come under the tax net, says a World Bank report.

Here in this picture I have in REALITY put the entire report of the WORLD BANK in terms of it's headlines, that I had collected through a magazine and along with the DATE and the TIME, on which the World Bank had filed this report,  I have inserted that here to wipe any doubt about the Modi Government that it did and act on the demonitisation. 

According to a report of the WORLD BANK the overall proportion according to the percentage of the SHADOW MONEY which is in float in India and which is not under the direct control of the Reserve bank of India is about 23%.This is a VERY high amount and the figure is 23% which means that of every Rs100=00 that an Indian possess or that amount which is in circulation in the Indian market- the 1/4th  of the currency, ie the note, currency that the Indian market floats is SHADOW money

SHADOW MONEY MEANS THE MONEY WHICH HAS SOME ILLEGALITY INVOLVED IN IT.

On the contrary the SHALLOW money accounts for even less than 10 %. In other words the de-soiled notes that is in circulation in India in the market are even less than 10%. This money is so dangerous that once upon a time this money had completely bruised and destructed the U S music Industry .

Pic - : The Shallow Money and it's destruction that it caused to the music industry of U S A 

ON AN AVERAGE THE “ SHADOW ” MONEY IS TWO AND A HALF TIME MORE THAN THE “ SHALLOW ” MONEY.

The report clearly mentions that if the Indian Government under Mr Narendra Modi did not bring the monetisation, the Indian economy would have faced the same crunch that the U S faced it and the music industry of the U S faced it .It would have completely whipped India of it's feet. 

In a country where you have that kind of a difference between the shallow and the shadow money - obviously the people of the country and the market of the country would have to suffer and the worst SUFFERER would be the Government of the day.

The Government, under Mr Narendra Modi has done a remarkable job by taking this stance and this stance now will completely either bring the entire tax evader and the hoarders of the black money to its fold or will entirely nullify the currency that a hoarder of currencies would have stalked by illegal way in his or her account

All the BENAMI transaction now will be completely quashed and the Bank will now regulate the inflation as per the holdings of the GOLD that it has with it.

The Aftermath & The After Effect Of Demonetisation-:

Certain segment of the society both from abroad and from this land were not missing out any opportunity to defame the Prime Minister Mr Narendra Modi on his policy of demonetisation raising many an unwarranted issues, and to help their cause they were also spreading canards and flings- be it assimilating the Indian Army for it , or anything as such.

The very good effect of the same will come and it will help us however those people who are always against him were sparing no effect to pull him down. Actually people were afraid that if this scheme of his becomes a success the others also will and they will loose much of their illegal properties, in terms of the liquid cash , and are such sparing no effort to see to it that he falls. Good to see the people of India especially the poor class standing so very tightly and close to him.

Hard Decision With An Iron hand :: That Is The recipe Of The Success

The country definitely is entering into a different phase of its existence and some very hard social measures taken by this Government, and some very hard decision by the Government ought to be taken, keeping into account the national interest and that is something which the opposition and the others are finding it very hard to bear and digest. It had become like- this nation is a PRIVATE property of a given family and a given class of political conglomerates and it will run according to the whims and the fancies of those.

It was such that no matter what- that we do and what we do very ordinarily , is the best and what we give is what you have to take with impunity and with dervish and all you have to do whether you like it or dislike it is - THANK US for everything : whether you like them or dislike them.

A new change and a new dynamic concept that has engulfed the nation which is being puttered and which is actually going on well with the procrastinated society is something which is not being taken so well on the face value of the and those who use to think that they are the demagogue of the builders of the nation and there emerges the crux where the insanities of the prognosticated mind set and its thinking emerges which causes flutters.

However the ones who are treading on it are hardly bothered and are treading carefully to see the wits end of the same.

The Hon'ble Prime Minister ought to take some more very hard measures to move forward in his plan to bring about a unanimity and a progressive qualifiable society by building it and not by spreading it

The Government also will get a hold to scale the value of the Indian currencies as against the Dollars which also would determine the value of the purchase of the petroleum from the countries from where we buy petrol and would be able to regulate the prices of the petrol.

OVERALL- the BULLET fired has HIT the -" BULL- EYE " and that is one of the BEST method that has been deployed by any Government that has ruled the country so far to completely bring a check to the regulation and operation of the currency notes and to deregulate the fake currency notes in this country .

The Modi Government is on the " RIGHT-TRACK ", asserts the World Bank, and it says that the Indian Demonitisation was the best medicine that this country gave it to the hoarders and the black marketers of the Indian Banking as well as the Indian Economy and it's system. 

That is it 

Regards and Thanks

Pics

Shyamal Bhattacharjee 

Mr Shyamal Bhattacharjee, the author was born at West Chirimiri Colliery at District Surguja, Chattisgarh on July 6th 1959 He received his early education at Carmel Convent School Bishrampur and later at Christ Church Boys' Higher Secondary School at Jabalpur. He later joined Hislop College at Nagpur and completed his graduation in Science and he also added a degree in  B A thereafter. He joined the HITAVADA, a leading dailies of Central India at Nagpur as a      Sub-Editor ( Sports ) but gave up to complete his MBA in 1984 He thereafter added a Diploma In Export Management. He has authored THREE books namely Notable Quotes and Noble Thought published by Pustak Mahal in 2001 Indian Cricket : Faces That Changed It  published by Manas Publications in 2009 and Essential Of Office Management published by NBCA, Kolkatta  in 2012. He has a experience of about 35 years in Marketing .

Signature Of Shyamal Bhattacharjee 

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