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This forum is for those of our Indian audience who are not yet comfortable with the main forums. The purpose of the forum is to allow new Indian members to get a feel for how the site works, be guided by others, and eventually graduate to the main programming and discussion forums.
cheers,
Chris Maunder
The Code Project | Co-founder
Microsoft C++ MVP
modified on Monday, August 23, 2010 1:47 PM
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List of countries who tried it before India and not even one big economy (or democratic country) have ever done successfully and no it's not Breaking News it's fact (of-course if you count fact as fact only then)
[List^]
modified 4hrs 20mins ago.
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CS2011 wrote: have ever done this successfully in this
How did u conclude that over the facts linked by you
Take chances, make mistakes, learn, laugh, love, live, succeed, prosper, and most importantly persevere. For every man dies but not every man truly lives...
There is no official coronation ceremony held to declare the lion as the king of the jungle.........Prerak Patel (SQOTD - 19/09/11)
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amitkarnik2211 wrote: How did u conclude that over the facts linked by you
Simple. list of countries in the link. Google search about the economy and events for the countries(not AUS and PAK. didn't wanted to as they are quite different then Quote: Demonetisation)
after the move and before the move and historical events after that. things added up so shared the link. I never post a news or article until i verify it with at lease two places.
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Can some one (Admins, Site builders) go through the last few posts in this thread. Off late, many developed itchy fingers and brains (may be I too got off the track, nah no - I am just trying to punch
back, but that too looks too much of rubbish now  )
Edited: I do not want to mark anything as abusive (as I feel its of no good nor of any use)
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easy 
Take chances, make mistakes, learn, laugh, love, live, succeed, prosper, and most importantly persevere. For every man dies but not every man truly lives...
There is no official coronation ceremony held to declare the lion as the king of the jungle.........Prerak Patel (SQOTD - 19/09/11)
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of course, am cool 
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All the people supporting the move saying it will being out the black money do you have the numbers?
1) How much black money this move will bring out?
2) What will the loss to gov revenue as reduced spending by people as they will not have enough cash and productive man hr lost due to the bank lines?
3) how log will it take to counter-fit 2000 rs note? Will it be more profitable to counter-fitters now as they have a higher currency values ?
4) how this will help in controlling corruption ?
5) what is the number of people get treated in gov hospital as that is the only place where they can accept old notes?
6) what is happening with tourists (foreign) who are in India with 500 and 1000 notes? as there are limit on exchange.
please enlighten me if you have the numbers. I highly doubt i will get any to the point reply from people who are supporting the move. May be some personal attack (oh boy if you do you will get it back in same language) but not the number. and yes i am posting after analyzing the things over 10 days. Here is what i have analysis
1. Income tax raid done in last 5 yrs. total black property unearth vs total cash recovered.(this move is just targeting cash)
2. Apporx number of bank branch and ATM(working) in India and average time spend by a person in queue (avg. time spend is based on my exp waiting in queue and talking to other guys and subtracting the error possibilities) and average no of people waiting in q
3. Avg revenue loss due to no cash situation (sourced from few news and talking to local business owners)
Let the fun begin
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Quote: please enlighten me if you have the numbers.
Its like asking "How many people died in an earthquake just after an hour"
No one, even the RBI governor knows it at this stage. If he says he is having then its fake
Quote: May be some personal attack (oh boy if you do you will get it back in same language) but not the number
Are you sick 
Quote: yes i am posting after analyzing the things over 10 days
Better keep them as a secret. DO NOT vomit here (we are not so intelligent enough to bear that) 
modified 8hrs 10mins ago.
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Lakamraju Raghuram wrote: How many people died in an earthquake just after an hour
Two different things. Still you get a number in that too."Breaking news earthquake hit so and so area...so many people feared dead. numbers may raise." Have you ever heard anything like that? No?? 
Lakamraju Raghuram wrote: No one, even the RBI governor knows it at this stage. If he says he is having then its fake
So you put the whole country in trouble without analyzing the number? How dumb a person can be to come up with move like this without analyzing what would the impact and only a morons can support any move like this. Man we are Indians before we buy a small TV we do research find out best value for money and then only buy the product. and u are telling a guy has put 82-84% of total money out of circulation without any number and you are supporting the move?
Lakamraju Raghuram wrote: Better keep them as a secret.
it's not a secret as long as you have a basic knowledge of math and probability and stat. if u don't have the knowledge then yes it's a big secrete.
Lakamraju Raghuram wrote: Are you sick
Yes i am sick of morons who support any sh*t that comes out of their leaders.
Lakamraju Raghuram wrote: DO NOT vomit here
I'll keep vomiting as long as there are guys like you to lick my vomit. Here are some more suhss...shhss...go and lick it...atta boy...gooood job
As as usual no numbers to support the move just random typing. If you don't have the numbers then try and find it out then come for a debate. don't show your bhakti here.
modified 7hrs 20mins ago.
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Quote: Breaking news
I am not a guy who is in hurry for the breaking news with some skewed data and analysis
Quote: only a morons can support any move like this.
Just to start with - for all the points ( 1 to 6 ) you mentioned above, can you give statistical data AND ALSO YOUR SOURCE FOR THOSE NUMBERS. Just do not throw some random number and percentage and if the source is some news paper then those figures are as good as your so called BREAKING news
Quote: I'll keep vomiting as long as there are guys like you to lick my vomit.
You say you have to travel (walk) 25kms for a bank. I guess so is the case, for seeing a good doctor. You are very sick friend, do consult a good doc (Now I am very polite in replying to a sh*tty comment like this, as I don't want to descend to your low level)
Quote: As as usual no numbers to support the move just random typing.
My fingers are itchy what to do
Quote: don't show your bhakti here.
I want to use the F word, but I wont
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Lakamraju Raghuram wrote: I am not a guy who is in hurry for the breaking news with some skewed data and analysis
it's 10 days. it's not breaking news anymore. but you are use to selective reading.
Lakamraju Raghuram wrote: Just to start with - for all the points ( 1 to 6 ) you mentioned above, can you give statistical data AND ALSO YOUR SOURCE FOR THOSE NUMBERS.
again selective reading
1) Income tax raid done in last 5 yrs - source - Income Tax department
2) Apporx number of bank branch and ATM(working) in India and average time spend by a person in queue - source - RBI + the amount of time i spend waiting in q which ironically almost same as RBI
3) Avg revenue loss due to no cash situation - Source newspapers + me talking to local business.
i konw it was too much for you to apply your mind.
Lakamraju Raghuram wrote: if the source is some news paper then those figures are as good as your so called BREAKING news
only the numbers which your leaders put is correct rest all is fake. i can understand your frustration.
Lakamraju Raghuram wrote: You say you have to travel (walk) 25kms for a bank. I guess so is the case, for seeing a good doctor.
this just shows how much knowledge do you have about India and villages in India.
Lakamraju Raghuram wrote: (Now I am very polite in replying to a sh*tty comment like this, as I don't want to descend to your low level)
well you started it starting the personal attack and that is what you guys do when you don't have any logical answer
Quote: Are you sick Dead |
Quote: DO NOT vomit here
as i have told in my post any personal attack will be replied in same language and that is what i am doing and it will be continued. SO if you don't have the numbers accept it and move on.
Lakamraju Raghuram wrote: I want to use the F word, but I wont
Try it. even i know some words which starts with F,M and others
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For God Sake @Lakamraju Raghuram Please Stop you both we already have enough arguments here Now dont take it to other level by making it Personal
Is that so Difficult to Ignore
How about Being Mature as Few Members here think that we are
Take chances, make mistakes, learn, laugh, love, live, succeed, prosper, and most importantly persevere. For every man dies but not every man truly lives...
There is no official coronation ceremony held to declare the lion as the king of the jungle.........Prerak Patel (SQOTD - 19/09/11)
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Ignored ....
No point in pulling, till it breaks. Right
Edit: Ignored, because I too felt that I am being (forced) dragged way below (my) acceptable level.
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Lakamraju Raghuram wrote: No point in pulling, till it breaks. Right
Take chances, make mistakes, learn, laugh, love, live, succeed, prosper, and most importantly persevere. For every man dies but not every man truly lives...
There is no official coronation ceremony held to declare the lion as the king of the jungle.........Prerak Patel (SQOTD - 19/09/11)
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Lakamraju Raghuram wrote: because I too felt that I am being (forced) dragged way below (my) acceptable level.
What a joke. Instead of having a discussion like a mature man you stared by calling me sick and my post vomit. No one dragged you anywhere y were already there way below any accepted level.
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Lakamraju Raghuram wrote: Edit: Ignored, because I too felt that I am being (forced) dragged way below (my) acceptable level
Good move. 
With shitloads of text, he's hardly even made one logical point. When you ask for proof of his ridiculous claims, you get the standard answer of "Go, Google it". 
Kinda why I had to ignore him too as he was dragging me down to his level with each of his post.
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amitkarnik2211 wrote: Please Stop you both we already have enough arguments here Now dont take it to other level by making it Personal
indeed. there was no point in making it personal by calling me sick and my post vomit. One can have simply had a discussion like a mature person on the numbers.
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amitkarnik2211 wrote: you had it
Not Yet. Fun will be when someone supporting the move is brave enough to have a healthy discussion with numbers to back the move. But i guess that is not going to happen but still i m waiting. lets see it is possible someone might have a better number to justify the move instead of calling people sick just because their view is different then yours. Just to give a sample. Avg % that i have is more then 3.37 after combining last 5 yrs. All this raid data is from Income tax department and not mine. feel free to file an RTI to get the numbers like i did
Income Tax raid conducted in first fiscal quarter of 2015 : 76
Total alleged uncounted property (black property unearth ) : 2252 Cr.
Total alleged Cash (Black money in cash) : 76 Cr. (about 3.37 %)
alleged was the word used in reply of RTI again. not mine
Now we all know that all the black money will not be recovered so let say about 80% i.e. about 60 Cr. (on high side obviously actual figure would be much less then 80%, why i am saying this? becuse it's impossible. few days back in Gujrat a person was caught with 4L all in new 2000 note which would be impossible because of 20000 limit if everything was in order and no balck money was converted in new notes) of this recovered. VS what is impact (or loss of just the day 1) lets just take the numbers in share market (which is not mine. it's open for anyone to see) which was down about 6.3% on 9th. You do the math how much money India lost just on day 1. and this number does not contains revenue loss due to slow/no business
modified 2hrs 10mins ago.
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Cash rush: 2,500 petrol pumps to dispense money up to Rs 2,000 on your ATM card : India, News - India Today[^]
So, they're having petrol pumps dispense cash now in India because of the rush and the situation.
This is quite common in Australia though, and you could "cash out" with your debit card in any shop/establishment that accepts eft payments. They normally expect that you buy something from them before asking for cash out, but at certain super markets, you could just ask for cash out without any purchase.
This is a win win situation for both because the business establishments don't have to stock large amounts of cash, and the consumers can withdraw money at any store rather than an ATM. This should be made the norm in my opinion.
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What happens to 2.5% Service Charge that Banks take from merchants in this case
Take chances, make mistakes, learn, laugh, love, live, succeed, prosper, and most importantly persevere. For every man dies but not every man truly lives...
There is no official coronation ceremony held to declare the lion as the king of the jungle.........Prerak Patel (SQOTD - 19/09/11)
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The bank's levy will be for each transaction. When someone already has purchased stuff (like petrol or groceries), they're going to perform one transaction. They could swipe for a higher amount and 'withdraw' the difference as cash out.
I think that the levy may be something that needs to be standardized as well. I agree that plenty of thinking and planning may have to be done for this.
Down under, some shops charge a fee for cash out, but the vast majority won't charge you anything extra as long as you have purchased something.
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Using cards for all the transactions (at least for transactions above 100/-) is the best way to stop pilling up of black money from the system as there will be traceable digital print
Today when I tried to pay my LIC using card, they want to levy a convenience fee of 250/- (for my payment slab) but NEFT is free. So I opted for that NEFT.
They should remove this convenience fee, minimum swipe amount etc, to encourage people to use card
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Lakamraju Raghuram wrote: They should remove this convenience fee, minimum swipe amount etc, to encourage people to use card
Completely agreed!
The ability to pay electronically should be considered more of a norm than a 'convenience'. I think this is also partly due to the fact that banks charge a small fee to the vendor for every electronic payment they accept, but it should rather be for the merchant to pay, rather than them passing it onto the consumer.
In fact, if they're charing Rs. 250, they're trying to discourage people from using that mode of payment, and they're additionally making profit out of it (pretty sure the banks aren't charging them that much for every transaction).
These things must be regulated by the government. I've also never understood the need for a minimum limit for electronic payments. I could pay $0.01 at Coles here by card if I wanted to.
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look at you city boys celebrating debit card and online payment.
fact check major population of India are in village with very little or no banking support. electricity/internet connection is poor so most of case you might have to wait for payment as there is no electricity. No economy in this world (i guess there is one country with 30,000-40,000 odd people) which is cashless.
Here are some number for you:
US is about 24 Trillion economy with about 8% cash transaction
China is about 14-18 Trillion economy with about 11% cash transaction
Japan is about 4.something Trillion economy with about 14% cash transaction
India is about 2.1 Trillion economy with about 20-22% cash transaction only.
Stop supporting this moronic execution and bite the bullet. It is doing more harm to the economy then good.
and don't give me the bullshit that if person can stand in line for Iphone why cant he now ?
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Quote: fact check major population of India are in village with very little or no banking support. electricity/internet connection is poor
Correct, not denying that fact. But rather than improving that situation and moving forward, your are suggesting to maintain status-quo which leads to no where but degradation of whole economy
Quote: Stop supporting this moronic execution and bite the bullet. It is doing more harm to the economy then good.
Are you speaking about demonetization or regarding cash-less transactions
Quote: and don't give me the bullshit that if person can stand in line for Iphone why cant he now ?
Anyone in this thread expressed that opinion or you borrowed that quotation from some other thread and punched here :(
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I think he just took a verbal diarrhea without taking a moment to read the thread. Not uncommon on the interwebz.
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1) first improve the situation then implement the next step. It's not other way around. Only if the situation government have worked on improving the situation before implementation of such a move.
2) both. Give me one example of de monetization done by any country whoes economy is in trillions of $ and the step which renders 84% of ur currency useless in 4 hrs. Last it was done by country like lebiya and Zimbabwe. Why do you think no other major economy in the world has done this? US $ is the most counterfitted currency still they have not done anything like this. Why? Read what raghu ram rajan has said about it. And coming to cashless thing it's impossible for County like India to go cashless specially when you people are not educated and Gov is hell bend on cutting education budget.
3) that was posted in anticipation as that is one of the most idiotic reply you get when you talk about people facing problem in q.
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CS2011 wrote: look at you city boys celebrating debit card and online payment.
OK, that is real immature. Grew up in a small village an hour away from Tirunelveli, and have never considered myself a "city boy". I don't drink (not even "socially" as it's common among the cityboyz types; just no, never), don't go to pubs, don't attend parties or such. I consider myself quite the opposite of cityboyz. So, if you'd drop your guessing hat that would help.
CS2011 wrote: major population of India are in village with very little or no banking support.
You probably meant with little or no "eftpos" support. I'm going to agree with you on that, but that shouldn't mean small businesses in a city (or anywhere else) shouldn't start offering eftpos payment. I don't see how that inhibits the growth of a village.
If we're going to move forward, that could only be done by taking one step at a time. Smaller shops accepting eftpos payments in a cash crunch situation like this a welcome news, no matter what. The more digital foot-print we have of currency exchange, the more traceable money becomes. I don't see a problem here at all.
CS2011 wrote: No economy in this world ... blarty blah bi doo boo... 20-22% cash transaction only
Mate, your knowledge on economics is pretty impressive. Now it'd be great if you could also tell me how exactly all that stuff relates to my post.
CS2011 wrote: Stop supporting this moronic execution and bite the bullet. It is doing more harm to the economy then good.
Could you please enlighten me on why would it be harmful if small businesses accept eftpos payment? Or pass me some of whatever you're smoking. Preferably both.
CS2011 wrote: and don't give me the bullshit that if person can stand in line for Iphone why cant he now ?
What queue? What nonsense are you rambling about? Did you even read my post at all?!
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I don't drink bla bla bla that doesn't mean u are not a city boy. If you had a any contact with village you will know what is the situation there. How people are walking for 25 km to exchange the currency and coming back empty handed because cash was over and how it's impacting the economy.
2)Agin small business in city should do this and do that. I am not talking about city although if they do that be ready to pay more as they have to pay 1.8% to 7% to bank as charge.
3) this suff is relevant because you are talking about cashless economy and biggest economy in world are not cashless
4) May be u should stop smoking what ever you are smoking and get sober before posting as I never said it's harmful. All I am saying it's not going to work in India at least in near future.
4) yes I did read your post and 1000 like this. People who don't understand sh*t about economy have become economists overnight. This was posted in anticipation because as soon as you talk about problem people are this thing pops up.
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CS2011 wrote: If you had a any contact with village
I don't know if your problem is with reading or comprehending or remembering the contents long enough before vomiting nonsense. But you do have problems, and they're not small. I grew up in a village, and I have a lot of family members living over there. But how does that relate to what I posted? Just what's wrong in small business accepting eftpos transactions.
The only person dropping sh*t everywhere on this thread so far has been you. My thread was about small business accepting eftpos payment. In my opinion, it's an improvement, no matter where it happens, or what you think.
CS2011 wrote: 3) this suff is relevant because you are talking about cashless economy and biggest economy in world are not cashless
OK, cashless doesn't mean the whole country will run with no cash. Any transaction that's performed without cash (for instance, an eftpos payment) could be called cashless. Nothing is going to be ever perfect, but what's wrong in taking a few steps becoming better? I think people like you just walk around calling everyone else as ignorant, and spew vitriol all over just for the heck of it.
CS2011 wrote: yes I did read your post and 1000 like this. People who don't understand sh*t about economy have become economists overnight. This was posted in anticipation because as soon as you talk about problem people are this thing pops up.
So, you did read. But thousands? May be that much reading is having an adverse effect on your ability to understand. Because you're regurgitating whatever comes to your mind (perhaps from another thread about demonetization?) all over the place. No, this post wasn't about demonetization.
I never claimed to have become an economist (not overnight, never). It's you who's posting unrelated nonsense about world economy, copying trash from all over the internet and dumping it here. I hope it makes you feel you clever, and yes, you should completely disregard the fact that it doesn't f***ing relate to the content you're responding to. Oh man, I do hope you don't claim to have an innate knowledge of India's economy. That would be comical, given the quality of your posts here.
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Rajesh R Subramanian wrote: I don't know if your problem is with reading or comprehending or remembering the contents long enough before vomiting nonsense.
people who do not understand things everything is a nonsense to them. I get it.
Rajesh R Subramanian wrote: I grew up in a village, and I have a lot of family members living over there. But how does that relate to what I posted?
i that case you should have discussion about the problem they are facing not celebrating a chi wala taking Paytm payment. Has it was done for the first time? was people not taking payTM payment before ?
Rajesh R Subramanian wrote: Just what's wrong in small business accepting eftpos transactions.
what is worth celebrating or even worth news in this ? And wrong. Here is the wrong bit. Whatever sale he is doing he is paying 1.8 to 7 % to bank or payTM. Not profit but sales. if i Remember correctly some one was complaining about 250 rupee fee. Go and talk to cahi wala and ask if he is willing losing his profit margin or he was forced to do it?
Rajesh R Subramanian wrote: The only person dropping sh*t everywhere on this thread so far has been you. My thread was about small business accepting eftpos payment. In my opinion, it's an improvement, no matter where it happens, or what you think.
you thread is related to the move by government and it's support. it's not in isolation.
Rajesh R Subramanian wrote: Nothing is going to be ever perfect, but what's wrong in taking a few steps becoming better?
yep nothing wrong but before you make the move make sure people who do not face problem before you make the move. if you do stuff which is completely moronic without any perpetration people will face problem.
Rajesh R Subramanian wrote: I think people like you just walk around calling everyone else as ignorant, and spew vitriol all over just for the heck of it.
usual bhakt mentality. get your head out of your ass and smell the coffee. do some research before blindly supporting. Ohh wait that is too much for you..in case continue..
Rajesh R Subramanian wrote: May be that much reading is having an adverse effect on your ability to understand.
Yep. only u can come up with that kind of logic. more reading means less understanding.
Rajesh R Subramanian wrote: No, this post wasn't about demonetization.
Yes it was. this post was not in isolation. this post was about black money too.
Rajesh R Subramanian wrote: I never claimed to have become an economist (not overnight, never)
you don't have to claim. it's very much clear. A person celebrating chai wala taking paytm payment but ignoring bigger problem tells a lot about your knowledge of economy.
Rajesh R Subramanian wrote: It's you who's posting unrelated nonsense about world economy, copying trash from all over the internet and dumping it here.
may be you should do some research. you will come to know if it's fact or trash. but that would be too much to ask to a bhakt
Rajesh R Subramanian wrote: you should completely disregard the fact that it doesn't f***ing relate to the content you're responding to.
it is completely related as your post is not in isolation but related to move by government.
Rajesh R Subramanian wrote: I do hope you don't claim to have an innate knowledge of India's economy. That would be comical, given the quality of your posts here.
Yep. that is what i was expecting. Well not your fault. your brain is not developed enough to understand and research the fact. As usual bhakt will believe any bullshit their master will tell and will ask for more.
modified 9hrs 20mins ago.
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Indeed wtf icon is too small. May be they should provide the icons for people with selective reading disability so people will notice they are not doing it knowingly
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Quote: so people will notice they are not doing it knowingly
Get well soon
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Get you head out of your ass otherwise it will be impossible for you to read or understand anything
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Quote: How people are walking for 25 km to exchange the currency
Really 
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Lakamraju Raghuram wrote: Really
about 40-50 kms from our capital there is only one bank for 16 villages. google it
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Our Capital : Which means new Delhi (assuming you are from India) but your head is so up your ass that you would not understand it anyway. Go and see a doc man before it's too late
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FYI: We have 29 states and they too have capitals.
Quote: but your head is so up your ass
Funny guy or is it a gal
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Lakamraju Raghuram wrote: FYI: We have 29 states and they too have capitals.
Thanks for the inside. I did't knew that. I thought when i said our and put the context as we are talking about the country it meant capital of the country.
Lakamraju Raghuram wrote: Funny guy or is it a gal
How does it is relevant to the discussion?
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digital india
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Indeed! How great would that be.
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Indeed. And while we are trying to do let's desoty the complete economy first.
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