It is 60 days since the Demonetization is announced and the officials are busy in numbers crunching. There is a lot of discussion about the gains of Demonetization. Officials say that about Three to four Lakh Crore of evaded income is deposited in banks after the Demonetization.
The Income Tax Department is looking into the more than 2 Lakh Crore Deposited in over 60 Lakh Bank Accounts. Due to the allegations of massive irregularities, Income Tax and Enforce Directorate (ED) are looking into the more than 16000 Crore cash deposited in Cooperative Banks.
Another positive for the banks with this exercise is that huge amounts of loans are repaid and most of these loans are bad loans. Nearly 80000 Crore of repayment of loans is done in cash post-November 8th. Reserve Bank of India (RBI) is still crunching the numbers to estimate the amount of money that is not deposited in banks.
There are several reports about 70000 Crore to 1.6 Lakh Crore not deposited in banks which will be the gain for the government with the demonetization. People who have bore all this mess are expecting that the government will pass on the benefits of Demonetization to the commoners.Don't MissNTR's Choices: On-screen & Off-screenIf we take a close look at NTR's choices starting from 'Temper',...Don't MissGundu Hanumantha Rao Is No MoreVeteran Comedy Actor Gundu Hanumantha Rao passed away early this morning. His...Don't MissIleana Using Her 'Navel' for Promotions AGAIN!We just wonder how these people do that. Making a full use...Don't MissNTR & Mahesh Fans' Epic Fight on Tom Cruise Page!Can you even imagine that both NTR and Mahesh Babu fans started...Don't MissUS BO: Will 2017 Trend Continue In 2018 As Well?The US box office has been witnessing a dreadful run in the...
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