Remove Higher currency denominations – Swami Ramdev
Out of the most important issues raised in the Bharat Swabhimna Andolan one is that of high currency denomination. Baba Ramdev demands that all high denominations of Indian currency i.e. Rs.500 and Rs.1000 should be immediately removed from the whole country. Moreover Rs.100 should be used as sparsely as possible.
This will help curb a lot of national problems very easily. In a country where 84 crore people or nearly 3/4 th of the whole population has a capacity to spend only Rs. 20 per day what’s the use of Rs. 500 and Rs.1000 denomination ?
Removal of higher currency denominations will immediately stop a lot of national problems which include :
1. Black Money – Lots of business transactions are done in cash to evade taxes. If only lower currency denominations like Rs.50 are available, high-value transactions in cash would become difficult, promoting the use of the banking system which will reduce the flow of unaccounted money in the economy.
2. Corruption – Corrupt Government officials, beureaucrats, etc easily take huge amounts of bribe in cash because of the availabilty of Rs.1000 notes which makes it very easy to pack up amounts like Rs.1 crore. With lower denominations it would be rather impossible for corrupt people to exchange so much bribe. Trucks will be required to transport money in form of Rs.10 , Rs.20 or Rs.50 notes to carry such huge amounts and warehouses would be required to store them.
3. Fake currency – Injection of fake currency into the Indian economy has become a huge threat. If not controlled the disasters will be much more than the economic recession. Increased money flow would not only increase prices but also help in promotion of black money, corruption, and terrorism. The only way to fight this is the use of low currency denominations and the prohibition of Rs.1000 and Rs.500 notes which will reduce the printing of fake currency inside and outside the borders of India.
4. Terrorism – Today terrorists from across the border are using fake currency to fund their activities against India. If high denominations of the currency(Rs.1000 and Rs.500 notes) are removed printing, storing, and transporting fake currency itself will cost more than the value of the money. Imaging Rs.200 crores being transported accross the border in trucks carrying Rs. 10/50 note bundles. It will be easily caught.
The above mentioned 4 issues have become cause of deep concern and can be curbed by abolishing all high denominations of Indian currency which will help in reducing various economic and social issues in India.
baba ramdev aapne ek bohut achhi shuruwaat ki hai….
aur hme pura vishwaas hai ki aap iss aandolan me safal rahenge…..
Jai Bharat Swabhi maan
Baba Ramdev saara baharat aapke saath hai . Let the war begin we will support you till our last breath .
Jai Jawan Jai Kisan Jai Hind .
good suggestion but i doubt it. its true that exchange of bribe will not be possible through this strategy but what will happen to other big expenditure. nowadays gov. is employing work on contract bases so if gov. is req. to pay some contractor amt of say rs 10 lac then how will those transitions will be conducted…
es desh mein admi hee admi ka dushman hai, pariwar se lekar samajik vavastha mein har jagha currution hai, bachhon ko bachpan se hee ghar mein ghoos lena va dena sikhaya jata hai vahan per currution ko kaisen mitaya ja sakta hai. Badi currency to pahale bhee band huee thee kya bhrastacharya mit paya. desh ke uchh padoon per badhe neta,burocrats,business man, judiciyari ke alava shashak ko bhagvan samachane ki sooch badalni hoogi
definetly but these corrupted parties are too clever
Baba you are guiding and leading us fantastically so we are always with bhrastachar mitao abhiyan
Entire compatriots is with you..Baba RamdevJi…Hum sab aapke saath hey…
we are always ready to stand by your side during every stage of fight against corruption & blackmoney.
corrupt logon ka time khatam….,garib bhukhe mar rahe ha aur ye gold k bartan me khana kha rhe ha, niklega sabka gold 4 june k bad
bhrashtachar ke liye ,desh drohi ke saman dand hona chahaiye,zamanat honi hi nahi chahiye,uski aur uske sage sabhandi ki bhi jaidad zapt karleni chaiye..
bharat ko unnati ke raste pr sab se aage chalne k liye brshtachar ki choti choti machhliyon ko pakadne ke bjaye badi machhliyon ko khatm kiya jaye ,yeh meri sarkar se vinanti hye.
In this regard I would like to suggest that value of Indian rupee should be increased 100 times.
Because govt. has stopped currency of smaller denomination below 1 Rupee. Although 50 paisa coin is there but of no use. If one rupee becomes 1 paisa then it will be easier for calculation, less work load on banks, less currency notes required, very easy to stop circulation of 500 and 1000 Rs. notes as these will not be required any more. There will lso not be any problem of exports. This will give a better phycology for Rupee value because now children only listen or read about 1 paisa, and we elders feel bad for no value of our monet, as one has to go will heaps of currency to buy daily use items.
i support that most big note should be only rupees 50. rupees 100 would be rare.thanks
Bharat Swabhiman for 2014 , enough of this Cong – BJP politics .
It will help to bring down corruption to a considerable level. Should implement immediately
Baba aapko bahut bahut dhanyawaad jo aapne ek naye kranti ka sankh phuka hai.
Hum tan,man aur dhan se aapke saath hain.
Ek awaj do jab tak saans hain hum vande maatram ke nare ke saath apke saath chalege.
i think if people start campaining against higher demoination currency ,instead of petrol rise – related to Mahgai .
Its very nice I am totaly TOTALY TOTALY agree that higher denomination currency should be removed at any cost. Govt not only think but must take positive action against this ( If present Govt. not Corrupt ( him self ))
Its very nice I am totaly agree that higher denomination currency should be removed at any cost. Govt should think & must take positive action against this.
Good Idea by Baba Ramdev.