![]() | #1756 | |
BHPian ![]() Join Date: Feb 2013 Location: Mumbai
Posts: 336
Thanked: 406 Times
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Hoarders are also responsible for the Rs. 100 notes being in short supply. This even more frustrating. | |
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![]() | #1757 |
Team-BHP Support ![]() ![]() Join Date: Oct 2005 Location: Hyderabad
Posts: 5,886
Thanked: 2,482 Times
| ![]() Actually this currency shortage thing seems to have different degrees of effect in different parts of the country. I see a huge effect in Telangana/AP and Delhi. Whereas recently when I was in Nagpur I saw that cash is easily available through ATMs as well as banks. Now my dad went back to Kolkata this weekend and he says that when he checked with a few local shops he got the feeling that cash is easily available unlike in Hyderabad as the shopkeepers seem to only insist on cash payment (no wallet, no cards) and are happily running their businesses as well! As for the Rs.500 note that thing seems to be a mystery. I have 6 of them withdrawn from my office ATM which I have diligently preserved as I never see these being used anywhere as legal tender (and hence am wary of parting with them easily). Wherever I pay with a 2000 bucks note I get back a thick wad of Rs.100 currency notes as change! |
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![]() | #1758 |
BHPian ![]() | ![]() In Goa for three days last week end. No queue in the ATMs, was able to withdraw money all three days without standing in queue. Also got my first 500 note too. In Hyderabad, still situation is very bad. At the same time, many places in Goa not accepting cards (from small to medium shops, both in beach side and also in the main roads). Because of this, I hope the cash flow in Goa may be better thus no queue in ATMs. Added to that, few shops which accepts cards charged us with 2% service tax (what happened to the announcement by Govt. that no service tax for transaction less than Rs.2000/-, it is all only talks it seems). Last edited by r_devakumar : 19th December 2016 at 19:11. Reason: added the service tax details |
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![]() | #1759 | |
BHPian ![]() Join Date: Sep 2007 Location: Pune
Posts: 339
Thanked: 263 Times
| ![]() I don't think people are losing faith at all. It's just that people are tired of defending, what is clearly logical. One learns over time that you can surely wake up a person who is asleep, but not one who is pretending to be be asleep. Our mainstream media has picked this topic and is going after it with an almost single-minded vengeance. Hmmm, I truly wonder why? ![]() And those who support the move have truly moved on and are doing something about it rather than talking about it. I know so many people who are learning to use digital media for transactions, they are going to the bank and getting their IMPS and UPI setup, they are downloading apps on their phones etc. Quote:
Come on guys. My car washer has spent time to understand IMPS, UPI and PayTM. He has been to the bank and got things setup and is now even accepting cheques. This month he had an issue when people transferred money and he was finding it difficult to reconcile the amount with the people who had paid and who had not paid. Now he is working a system where he is planning to assign a code to each person so that he can track who has paid. This is clear case of someone who really wants to change. He is taking the pains to change. And then i know this lady who is cribbing that she has no cash to pay her maid and her car washer (Yeah. the same guy who is accepting cheques, PayTM, UPI, NEFT and IMPS ![]()
See. A perfect case of a person who has decided that she just does not want to change. And hence she will just continue to resist, come what may! Last edited by ptushar : 19th December 2016 at 19:14. Reason: Added note | |
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![]() | #1760 |
BHPian Join Date: Oct 2015 Location: Hosur
Posts: 589
Thanked: 817 Times
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![]() | #1761 | |
Senior - BHPian ![]() Join Date: Feb 2010 Location: Bardez, Goa
Posts: 1,181
Thanked: 1,024 Times
| ![]() You have perfectly summarised the situation. We have numerous threads where we have T-BHPians were doing few things voluntarily but as soon the Govt made it into a rule, many got offended, probably that's called resistance to change. I really would like to know the opinion of people who are really concerned for the poor on the folg points: a) Non-availability of basic toilets, etc in rural villages and Govt schools, esp girl schools. Has the Govt also taken away the liberty of the poor to defecate in the open and also it is far expensive to maintain the toilets than going outside in the open fields exactly in the same way as doing digital payments will make everything expensive as compared to cash transactions due to it being taxed. Quote:
Last edited by Samurai : 19th December 2016 at 21:22. Reason: avoid political references | |
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![]() | #1762 | |
BHPian Join Date: Jan 2010 Location: Trivandrum
Posts: 224
Thanked: 65 Times
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But on a visit to Madurai, which is one of the three biggest cities in Tamilnadu, it was totally different! Once I had to engage an auto for 200 rs just to make a tour of ATM's in one stretch still I returned empty handed! Being from Trivandrum, obviously I could not go into banks for withdrawal, Though in one branch, the manager told me that had i had a cheque leaf , he would have allowed withdrawal from branch! I found atleast 50% of ATM's simply closed down and 40% of the rest having boards "NO CASH" I did not have any problem in receiving 500rs note too in Trivandrum, though you have to be a bit crafty! you withdraw only 1900rs to get three 500 rs note and 4 notes of Rs100! If you enter Rs 2000/- , you will end up with one fresh, whole 2000rs note! ![]() | |
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![]() | #1763 |
Senior - BHPian ![]() Join Date: Dec 2007 Location: Gurugram
Posts: 7,917
Thanked: 4,592 Times
| ![]() ATM situation is improving fast. In fact I almost never paid a call to the ATM. Why I drew 10k each from three accounts and then 24k each twice from the same lot. Saw me through for the month. Actually, I did visit the ATM once, to activate my d-i-l's card and drew out 2000. There was no 500 note available. Was in Lucknow over the weekend. i think about 30% ATMs were working. Also, no problems at the toll plaza. About normal. Last edited by sgiitk : 20th December 2016 at 09:48. |
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![]() | #1764 | |||
Senior - BHPian Join Date: Jun 2014 Location: Bangalore
Posts: 1,390
Thanked: 989 Times
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I end this post with the below report. The "poor" farmer who is assumed to be a simpleton, is far more smarter & practical than the so called "educated intelligentsia" giving lectures sitting in TV Studios. Farmers grow smarter to beat note ban woes Farmers in Karnataka have taken to trading via the Unified Market Platform (UMP) of Rashtriya e-Market Services (ReMS) easily even as demonetisation has hit business across the country. .... When demonetisation was announced, farmers, doubting sales and payments, hesitated to bring their produce to the markets, while traders and commission agents did not fully participate in the markets. Trade picked up subsequently. The last week of November has seen an increase of 13% growth over the first week of November. The trade in the current month is around Rs 2,300 crore,” he said. | |||
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![]() | #1765 |
Senior - BHPian ![]() | ![]() No comments on the new deposit rules? I can't believe I have to explain myself to some random officials (until they are satisfied) for doing something which the govt itself was recommending a few weeks back. I understand if people who are depositing repeatedly are asked some explanation, but some of us who were waiting for the dust to settle and not contribute to the long queues find ourselves at the receiving end. The FM says that First time depositors won't face hassles, but that's not what the communication says. Anyway will find out once i go to the bank during my christmas vacation. God knows what other U turn the govt will make next. Last edited by greenhorn : 20th December 2016 at 13:08. |
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![]() | #1766 | |
Distinguished - BHPian ![]() ![]() | ![]() Quote:
Not for hoarding, but for expenses. This paytm drama has already run its course. My local vendors have stopped accepting anymore because either the surcharges are too much, or the wallet is full, or they just want to gyp customers to pay further down the supply line. All in all its become a tiring exercise arguing against it, or waiting for the next "variation". | |
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![]() | #1767 | ||
Senior - BHPian Join Date: Jun 2014 Location: Bangalore
Posts: 1,390
Thanked: 989 Times
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![]() Demonetisation: Demystifying the new Rs. 5,000 rule Quote:
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![]() | #1768 | |
Senior - BHPian ![]() | ![]() Quote:
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![]() | #1769 |
Senior - BHPian Join Date: Jun 2014 Location: Bangalore
Posts: 1,390
Thanked: 989 Times
| ![]() I do understand your feelings. But being a motorist, this is like a traffic police man stopping you and asking for your documents. You may not have done any wrong (and even on the correct side of the law), but the traffic police man checking documents is just a "necessary evil". Best thing to do is to quickly get over with the depositing of cash; and assume that the next step would be more tougher than the current one. |
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![]() | #1770 | |
Senior - BHPian Join Date: Mar 2010 Location: Bangalore
Posts: 1,057
Thanked: 1,460 Times
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If the government announce a move to counter it, you cry attack on personal liberty. If you have done no wrong, why worry? You are not carrying a bomb in an airport, then why stand in line for security check? | |
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