tag:blogger.com,1999:blog-9030878198120933396.post7584848152312706014..comments2023-10-30T15:34:57.958+00:00Comments on Random Musings: The Hype and Hyperbole of Demonetisation of Rs 500 and Rs 1,000 NotesSridharhttp://www.blogger.com/profile/07526495516327471443noreply@blogger.comBlogger152125tag:blogger.com,1999:blog-9030878198120933396.post-31934528632928424052018-11-11T00:05:59.300+00:002018-11-11T00:05:59.300+00:00This comment has been removed by a blog administrator.Bloggerhttps://www.blogger.com/profile/07287821785570247118noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-29144384294341565532018-04-16T20:57:48.613+01:002018-04-16T20:57:48.613+01:00Sridhar - can you please provide an update to the ...Sridhar - can you please provide an update to the about article. All the numbers that RBI puts out like 99% of notes have come back does not make sense when Nepal says it has $146 million of Indian Currency. There are clear cut lies but need someone like you to explain it to us.rulesramanujanhttps://www.blogger.com/profile/17194603851759438216noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-3703500473019287632017-12-24T00:22:26.733+00:002017-12-24T00:22:26.733+00:00You have posted nice analytical statistics. I am s...You have posted nice analytical statistics. I am sure RBI and govt would have taken cognisance of these details before going in for such a harsh decision. Demonetisation was a very good move, but given the big chunk of dishonest banking officials and govt employees and politicians, nothing will succeed in our country. I am given to understand Banking officials have collaborated with black money hoarders for a price of 15-30% of the value. They have used most of the closed ATM's for this purpose during midnight 2am and accounted the demonetised notes in thousands of inoperative accounts in various banks. This way most of the ultra rich and elite bypassed standing in the queue to get their black money exchanged. So these third rate officials are responsible for killing the objectives of demonetisationGOPU Khttps://www.blogger.com/profile/05147866504389017671noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-46629317061092847112017-12-12T11:51:02.064+00:002017-12-12T11:51:02.064+00:00I thought it was going to be some boring old post,...I thought it was going to be some boring old post, but it really compensated for my time. I will post a link to this page on my blog. I am sure my visitors will find that very useful.<br /><br /><a href="http://wildpacks.com/usa-summer-camp/" rel="nofollow">summer camps jobs</a> &<a href="http://wildpacks.com/usa-summer-camp/" rel="nofollow">camp america jobs</a>Avdheshhttps://www.blogger.com/profile/01616514017765784519noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-16855838421421096152017-11-16T20:55:47.276+00:002017-11-16T20:55:47.276+00:00I wanted to thank you for this great read.
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It appears that per the SBI report notes in circulation do not include notes banks hold as CRR. <br /><br />Would love to hear your perspective.Anonymoushttps://www.blogger.com/profile/04736903613963333782noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-49726966942445387812016-12-04T01:50:30.534+00:002016-12-04T01:50:30.534+00:00Nice analysis. Am curious what journal entry the R...Nice analysis. Am curious what journal entry the RBI makes when banks increase their currency holdings under CRR. It appears that RBI credits a liability account called Deposits of Scheduled Commercial Banks. What account would RBI debit? I ask because am curious if what RBI shows as notes in circulation (an RBI liability) excludes the notes banks hold as CRR or not.<br />Anonymoushttps://www.blogger.com/profile/04736903613963333782noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-87237651212242958462016-11-27T18:39:56.930+00:002016-11-27T18:39:56.930+00:00You should understand why it's replaced by hig...You should understand why it's replaced by higher denominations and to what extent.Anonymoushttps://www.blogger.com/profile/09598302031735173087noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-77896282192797312512016-11-26T11:15:06.906+00:002016-11-26T11:15:06.906+00:00It is well written but u have also done few import...It is well written but u have also done few important assumptions which may not be true <br />Frankly this kind of decision needs hindsight which a strong leader only has<br />I am happy because many of the evils u mentioned will not be there for at least few years <br />In reality the growth of country has only made rich the richer and poor the poorer <br />This can be seen by min wages in our factories paid to workers is still 250 per day <br />While MD salary is in multi crores<br />The Gini coefficient is very high<br />To get bad money from abroad Thro agreements will take time <br /> Let us face the reality that today to bring the economy to work for the benefit of all and to secure ourself against enemies actions like pumping in fake money this decision was imperative ganesanhttps://www.blogger.com/profile/15584872705243202146noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-80801185095086565722016-11-22T19:08:55.908+00:002016-11-22T19:08:55.908+00:00Also, the above statics you mentioned should be av...Also, the above statics you mentioned should be available to the Government, with more accurate facts and figures.<br /><br />So I think, the decision makers should have gone thru the thought process what do you described.<br /><br />I agree we have to wait and watch for 3 months at least the results of demonetization.Binuhttps://www.blogger.com/profile/09176050219464790250noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-66469363264933137512016-11-22T19:04:08.914+00:002016-11-22T19:04:08.914+00:00Analyzed in depth the pros and cons which is very ...Analyzed in depth the pros and cons which is very much relevant. You said<br />"First and foremost, the government should have pushed a lot more of the Rs 100 into the system ahead of the move as banks and ATMs had no Rs 100 to vend.<br /><br />Secondly, the RBI should have ensured ATMs were tested and ready to accept the new currencies.<br /><br />Thirdly, the new Rs 500 notes could have been quietly introduced into the system at least to the extent of 20% a week ahead of the move. This is a normal activity for RBI."<br /><br /><br />Anything like this will trigger the process of converting black money into white by whatever means, won't it?<br /><br />I believe there is a valid point in keep this whole thing a top secret till late night.<br /><br />What do you think?<br />I believeBinuhttps://www.blogger.com/profile/09176050219464790250noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-43696318478897560472016-11-22T10:49:32.095+00:002016-11-22T10:49:32.095+00:00Interesting compilation, this is a new perspective...Interesting compilation, this is a new perspective to look at things. Finance newbie so have a doubt : <br />The PSUs show a cash component as part of their annual report, does that need to tally within the same 1,640,000 crores of money ? What about the cash holdings as shown by banks and other listed BSE companies ?<br />Current reports for cash deposits till date is 5,74,000 as per RBI . Don't know if it fair assumption to say all of it is by individuals. In which case your assumption of 4,20,000 may have been conservative. I understand the point you are making though that the scale of this may not be as large as originally communicated. <br />Good to see some numbers based analysis, rather than qualitative comments !Pradeep Vhttps://www.blogger.com/profile/08311110509579267220noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-21696353581469425992016-11-22T04:55:36.932+00:002016-11-22T04:55:36.932+00:00Thank you. We will know the impact of this in the...Thank you. We will know the impact of this in the next 6 to 12 months. Key focus should be restore order by introducing new notes as quickly as possible to the rural base where the cash is essential for daily living. Sridharhttps://www.blogger.com/profile/07526495516327471443noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-6475781883661789602016-11-21T16:47:08.423+00:002016-11-21T16:47:08.423+00:00Nothing is down here, only moving in a slow pace. ...Nothing is down here, only moving in a slow pace. Even true citizens who make their living honestly as well are suffering. It is just like in airport. We(99.9% of world passengers) are not carrying any harmful substances along / hijackers but we get screened to make sure that we are not in that 0.1%. <br /><br />Current procedures will filter out fake rupees circulating. A real dialysis of currency that runs until 30 Dec 2016. We have time to purify our wealth until Dec 30. There will be still ways to turn the black to white that we heard, there are agents now for such magic. But government has taken a reasonably good steps to eradicate the black / fake money inside the country (in the form of currency.) <br /><br />Now it is our duty to maintain. Every citizen has the duty to SAY NO TO CORRUPTION. Don't try to evade tax. Don't support "dual value" for your property. One evaluated value while registering and other money over evaluation which doesn't come under taxation.<br /><br />We are the reason for current. A nation's greatness depends on its people. Let us be the change. If we have a problem at home, let us make our contribution to solve it. If none of us are corrupted then our country is best.<br /><br />Now you have educated your readers very much. We may have differences in opinion, but we appreciate your research and kindness to share your conclusion. Perhaps before being late, it will be great if you could bring your points, how to get the black money accountable which is in other forms other than currency. Please don't be late.BAYPORE SIngaporehttps://www.blogger.com/profile/14716739026709494320noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-35705457127122144182016-11-21T08:12:29.645+00:002016-11-21T08:12:29.645+00:00Hi nice blog. Agree, to you views. As I see it the...Hi nice blog. Agree, to you views. As I see it there are more to come and this shows the resolve of the political class of the current dispensation. second - there has to be a beginning and this is the beginning. Third - terror financing module is completely off by this and this has hit kashmiri separatists, naxalites and kolkata syndicates very harshly (why Mamata didi is ready to join hands with left). Fourthly - the cartwheel has just started wait for more measures. fifthly - do visit my blog - http://rashtravrat.blogspot.in/2016/11/demonetization.html <br />राष्ट्रार्पणhttps://www.blogger.com/profile/08690635206214795343noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-46435057768970673142016-11-20T21:41:41.942+00:002016-11-20T21:41:41.942+00:00So what's your estimate?So what's your estimate?Sridharhttps://www.blogger.com/profile/07526495516327471443noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-26218327177912742992016-11-20T21:40:26.927+00:002016-11-20T21:40:26.927+00:00So what happens with all this cash?So what happens with all this cash?Sridharhttps://www.blogger.com/profile/07526495516327471443noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-75851052474054425542016-11-20T21:39:50.320+00:002016-11-20T21:39:50.320+00:00This will slow growth as the SME segment struggles...This will slow growth as the SME segment struggles without cash over the next 3 to 4 months and it will take another 6 months for them to stabilise. Several rural folks are already suffering when its their crop season.<br /><br />Also the introduction of the Rs 2k note runs counter to any Demonetisation exercise undertaken anywhere in the world. Also the currency is seldom reintroduced. This is a good idea but the execution has been botched big time!Sridharhttps://www.blogger.com/profile/07526495516327471443noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-60713873133709718152016-11-20T21:35:07.161+00:002016-11-20T21:35:07.161+00:00Any act of demonetisation involves taking away the...Any act of demonetisation involves taking away the higher denomination notes. It's not replaced with a even higher denomination as it defeats the very objective of the exercise!!!<br />Sridharhttps://www.blogger.com/profile/07526495516327471443noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-12399126119484049572016-11-20T14:07:46.182+00:002016-11-20T14:07:46.182+00:00Well reasoned!! One of the best article I've a...Well reasoned!! One of the best article I've across in the past 2 weeks post Nov 8 announcement. With so many articles floating around (with some obvious leanings based on political affiliation), this is like a breath of fresh air.. Great work!!! Anonymoushttps://www.blogger.com/profile/06275967484410547405noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-69194754012090603252016-11-20T05:27:43.339+00:002016-11-20T05:27:43.339+00:00I agree with the author in principle but we've...I agree with the author in principle but we've got reports of 6,00,000 Crores already deposited in banks till date, and an estimate of 9,00,000 Crores to be deposited by Dec 31st. That's a significant % of the cash estimated to be in circulation. Comparing against GDP isn't fair one should compare against cash in circulation.Nirupesh Joshihttps://www.blogger.com/profile/11141867111113236509noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-28699743819589860882016-11-20T03:39:14.066+00:002016-11-20T03:39:14.066+00:00Your article is similar to the predicament of doct...Your article is similar to the predicament of doctors when they have a cancer patient in frontvof them. One arguing for chemo which can be painful and other talking if Ayurvedic medicines. WHAT IS HAPPENING IS CORRECT. CHECK USA OF 1969. Similar thing happened and the USA economy took off post thatNIladri Sarkarhttps://www.blogger.com/profile/11112341715076743772noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-84611371307790780932016-11-20T03:26:45.721+00:002016-11-20T03:26:45.721+00:00The system in fact needed as shock and awe approac...The system in fact needed as shock and awe approach. Even with this approach the political is already accusing the government of advanced notice to select few. I go one step further and say the government should do this as a random every few years..that would be radical to hurt the black money hoarders. FINALLY, I would love to see every so expert to come up with anew idea/plan to catch all the black money without any inconvenience to public. May be the got should consult Karthi Chidambaram, Mamata, Kejri. Mallaya.LMAO...V.Vararanasihttps://www.blogger.com/profile/10113982496033469859noreply@blogger.comtag:blogger.com,1999:blog-9030878198120933396.post-67014360244748682132016-11-19T23:48:52.702+00:002016-11-19T23:48:52.702+00:00Perfect Mr. Sridhar Aiyangar !Perfect Mr. Sridhar Aiyangar !Unknownhttps://www.blogger.com/profile/17398288985521004133noreply@blogger.com