DEMONITIZATIONGood | Bad | Ugly

Sunil SahaINDIAN

Neither an AAP-Tard or BHAKT

OBJECTIVES

• Stop PAK cash-funded terrorism

– Kashmir

– Bangladesh – Nepal Routed Money

• Reforms: Banking Sector Needs

• Move towards Cashless Economy

• Curb Black Money

AGENDA

• The GOOD

• The BAD

• Who„s Affected: The INCONVENIENCE

• Who„s Affected: HUGELY

• Operational Strategies – UNEXPLAINED by GOVT.

• Common Debates Facts

• NOT SO COMMON : FAQs

• Advantage BJP : WHY?

• What else could have been Done?

• FUNNY side of it

The GOODLet„s see what„s been GOOD

• 10 Lac Crore Of Cash Expected to Flow In Banks till Dec 30, 2016

• Banks can become stronger to give loans

• Interest Rates Marginally Down

• 92% app users supported the Move i.e. 5 lac people i.e. .0005 % of Population VOTED in first 30 Hours

The GOOD Cont.

• NO.1 Pak CASH Sponsored Kashmiri Terror in Decline

• Fake NOTES will be Curbed

• Income tax payers will increase from 1.5%

• Unaccounted income will come in with new TAX Reforms

• Banks will be saved

Who„s AffectedJust A Little Inconvenience

- Top 5% of Indian Population – who lives/ Or can live off PAYTM FREECHARGE etc

- 150 mn PAYTM Ids by 2016 end

- 7 mn Daily Trxn worth 120 Cr

- PAYTM transactions higher than all banks put together in NOV 2016.

What„s BadWHO„s AFFECTED : Oh My GOD!

• 51 Deaths Reported

• Families with ILLNESS and Marriage

• Daily Wages Earners – WORST HIT

• FARMERS Worst Hit: Rabi Season Produce at risk– wheat, barley, oats (cereals), chickpea/gram (pulses), linseed, mustard (oilseeds)

• Expected Losses : 50000 cr to 3 lac crore

Who„s AFFECTED:How Much?

• 20% of Indian Population Standing in BANKS and ATMS

– i.e. 25 Crore in 1,30,000 i.e. 2000 people in queue per ATM

• Avg 3-4 Days of Work Loss for India as a whole

• No. of ATMS : 2,20,000

• Working ATMs: 1,30,000

• Callibrated ATMs Time Taken = 8000 ATMS per day

• Cooperative Banks devoid of CASH

OPERATIONAL STRATEGIES HURDLESUnderstandably- India Is Just too HUGE

• On ground – 1.55 Post Offices

• Jan Dhan Yojana- 75 Cr Total Bank Accounts

– On Ground execution is Question Mark

• Why RBI Ex Governor Mr. RAM was not consulted

• Why NOTE Sizes were changed

– New 500 and 2000 Rs Size should have been same for Operational Ease

COULD HAVE BEEN BETTER

OPERATIONAL STRATEGIES Unexplained

• Frequent Changes in Announcements

2500 Cash Deposit> 2000 Cash Deposit> 4500 Cash Deposit and again> 2500 Cash Deposit

• Petrol Pump- Hosp. – Medical Shops miscommunication

• Cash RUSH of Rs. 24000

• Marriage Families Withdrawal Rate Issues

COULD HAVE BEEN BETTER

COMMON DEBATE FACTS• 85% of Indian CASH was in 500-1000 Rupee Notes

• 99.9% of Black money is with 0.1% of population

• Differentiation of UNACCOUNTED MONEY & BLACK MONEY

NOT So FAQs 1. Infra: INTERNET SPEED

• CASHLESS ECONOMY : Without INTERNET Speed

• India has 35% Internet Penetration on paper (It doesn„t count multiple connections)

• 1.5% 4G users of 46 Cr Internet Users

• 26 Cr still using 2G

• 20% Indian Males ; 50% of Indian Female in Rural India are illiterate

• How to train people E BANKING/ WALLET?

NOT So FAQs 2. Infra: Mob Internet Training

BJP„s Political Mileage

• UP elections will be cleaner than ever

• All major parties are requested to show

• However Questions remain on last 4 months of LAND Purchases on Inflated rates

• BJP questioned by Opposition which has lost all respect and credibility

What ELSE Could have been Done?If Not NOTE BAN

• Hire 5000 Judges (As req.) by Chief Justice

• Run IT Raids across India for 5000000 people who have maximum Black Money

– Majority- Builders and Politicians

– And Fast Track court to punish it

FUNNY But TRUE

• People at FIRST SUPPORTED Even after Inconvenience : WHY?

• Because all are HOPING

“THE RICH ARE SUFFERING”

INDIAN JUGAAD

• 1st WEEK :

Deposit my 4500 and take home 500

• Bookmychotu.com : OUTSOURCE- who stood in line for Banks and ATMs

• 200% tax and Legal fears – People burnt CASH and CUT it to spread into Fields

• Give me 500, take Rs. 400

• 50% white money by agents

THANK YOUSUNIL SAHA

INDIAN