Twitter author Profile picture
Aug 31, 2018 12 tweets 4 min read Twitter logo Read on Twitter

There is lot of debate if #Demonetization is a success or failed. Naturally, the duffer @RahulGandhi jumped into it and has only one point to make based on Steering team report. Who makes that report NETA, do they know #DeMo NO

Here are few point I collected via WA

The Government of India decided to cancel the Legal Tender Status of Rs.1000 and Rs.500 denomination currency notes on 8th November 2016 with several objectives: (i) flushing out Black Money, (ii) eliminate Fake Indian Currency Notes (FICN),

(iii) to strike at the root of financing of terrorism and left-wing extremism, (iv) to convert non-formal economy into a Formal Economy to expand Tax Base and employment and (v) to give a big boost to Digitalization of payments to make India a less cash economy.

Effect & Benefits of Demonetisation

56 lac New Taxpayers Added post-DeMo.

Tax Base increased by 1.26 crore taxpayers.

The number of Returns filed registered an increase of 24.7% over previous year of 9.9%

Net currency circulation reduced by Rs. ~3 trillion i.e 21%

Interest rates reduced by 100 bps.

Digital transaction increased by 65%

Deposits in Banking increased by 3 lac crore.

16,000 crore didn't came back to Bank

4.73 lac suspicious transaction detected

All Transaction above 3 lac under Scrutiny

Jewellery demand plunged by 80%

Assets under management (AUM) of MFs rose by 54%.

More than 1 crore workers added to EPF & ESIC.

Under IDS'15 a total of 3,770 crore declared.

Under IDS'16 a total of 65,250 crore declared.

52.4 crore unique Aadhaar numbers have been linked to 73.62 crore accounts in India

21000 ppl declared 4,900 crores under PMGKY

34 Big CAs under Investigation. The real culprit

460 banks officials punished for alleged irregularities: CVC

5,800 Cos with 'withdrawal syndrome' under government scanner

Notices to 1.16 lakh for cash deposit of over Rs 25 lakh

5000 Tax notices who deposited more than 1 Crore.

18 Lac Accounts scrutinized & Notices been sent under 'OCM'.

5.56 lakh more ppl identified whose deposits do not match their income profile

35,000 shell companies were struck off.

About 200 high risk clusters of persons were identified for appropriate action.

2.1 lac shell companies De-registered

GoI to de-register 1.2 lac more shell companies.

3.09 lac Board of Directors disqualified.

Undisclosed income of 42,448 crore admitted u/s 132(4).

33,028 crore detected as Undisclosed Income.

Cash deposits of 2.89 lakh crore under I-T investigation.

The impressive revenue collection under GST is also partially attributable to demonetization drive..

Who says #Demo failed........... The duffer @RahulGandhi ?

Fact remains 1,65,396 Cr worth of 'Black Money' had been captured/ admitted/came back post IDS & due to #DeMo. Recovery by ED & Recoveries under 'Benami' & 'Imposition' Tax are additional. Total of 2,12,360 crore worth of 'Black Money' have been ceased in last 4 Years.

And of-course 'Currency' came back to Banks doen't mean it is not Black Money. The ceased amount is also been deposited.

I am not a "Financial Expert" but what written about are basic points which anyone can understand if they read #DeMo from a neutral mind


• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Twitter author

Twitter author Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @

Oct 4, 2018

Many of you react and ask why @narendramodi not sending 10JP gang to Jail. Let me give you a small example if u have listening ears and strategically thinking mind

Why did Indra Gandhi make a comeback?

Charan Singh arrested her and she made an event out of it by sitting on Road.

That Picture was on every front page and Indian Women cried for a Widow and Game was changed.

You must have witnessed Sonia and Rahul going to Pataliya house court for bail on NH case.

Do you know on that day entire central Delhi was choked by congress ppl? Even it spilled over to Noida, Faridabad, Gurugram?

Imagine if she is jailed? Congress will burn India
Read 17 tweets
Sep 27, 2018

Any Logical Guy If Read Aadhar Verdict he will laugh till stomach ache after listening discussion on Congress triumph
Check this out 👇

1. Aadhar not mandatory for bank account, but mandatory for PAN Card
PAN is necessary for Bank Account, Hence Batti Bana Kar Dal Lo

2. Aadhar mandatory for Welfare Programs, But Aadhar not mandatory for Mobile and Bank, All Welfare Programs need Bank Account and Mobile, Wapas Se Batti Bana Kar Dal Lo

3. Aadhar was Money Bill which actually was challenged and said that It’s Unconstitutional But SC said Batti Bana Kar Dal Lo And So It’s Constitutional
Read 4 tweets
Sep 26, 2018

Today #AadhaarVerdict was a massive blow to National Security & curbing black money as i said on Sept 5th

Supreme Court in his wisdom created a massive loophole for #UrbanNaxals, Crooks and Hawala Operators

This short thread will explain how

It's against @narendramodi govt

As i said on Sept 5th, 2018. Today's #AadhaarVerdict is projected by Paid Media, Presstitutes and #UrbanNaxals as @narendramodi govt defeat.

It already started ... if you notice on few channels

The whole verdict was well planned and it is definitely not in National interest

Phone : No AADHAR required

Now u can buy any number of SIM with any name. Most IED blast happens using the phone, all most all hawala deals are done on phone. Now it will be impossible to know which number should be tracked by security agencies
Read 16 tweets
Sep 18, 2018

Sunday @NewsX had run a story "Brokerage firms, financial agencies involved in Operation Kill Rupee through Singapore, Dubai, London and NY"

This is TRUE and @RahulGandhi team planned it in 2016

Objective HIT @narendramodi ji & Govt

During @RahulGandhi visit to China Embassy, The first task was given to a BROKER to play with Indian Stock Market

@RenukaJain6 U can tell more about stocks

@PChidambaram_IN brain was used to manipulate market. When mkt goes down, Rs weakens. This means imports will be expensive and since OIL is directly linked to real time mkt cost, it shoots up
Read 9 tweets
Sep 3, 2018

Thread on Judiciary

Why are we losing sleep?

I don't know how much you people really have an Idea what really is going in Modi's apparatus. So many idiocies going around Gogoi here which doesn't makes sense to me.

Modi did a fine job, considering he has little option.

Suppose he would have rejected Gogoi then what? He would have been put at par with Indra Gandhi who, 4 decades ago, superseded bunch of Judges to have one and it's a Blot.

Modi is not us, he will never break convention or break away from tradition in 2018 to be Affirm the main charge, International propagated, that he has destroyed Democracy and is a Tyrant.
Read 7 tweets
Aug 29, 2018
.@vinitgoenka Ji, Couple of points as professional

1 Data Sovereignty, Localization of Data is not the right thing to push for, What India should ask strongly is access to data. This will ensure national security which is the prime objective

Example : Blackberry servers
2. In this article, it is forcefully said that data generated within India should remain in India for all possible official and security reasons

On other hand it says India to be Data hub for Asia.? The other countries can say "we want our data with us"?
3. We are talking about LAW. In India, we still use laws written in 18xx. It takes 10 years on average to amend any law whereas Technology need change every 2/3 years

The law should be, Govt should have mandatory access to servers irrespective of where the servers are
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!


0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy


3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!