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 MissPopular Actress Likes to Be "on Top" in Bed!Neha Dhupia's Vouge BFF has a mandatory question that is quite interesting...Don't MissRGV's Disastrous Script for Sri Reddy!Sri Reddy abusing Pawan Kalyan with cuss word 'MC' as expected rose...Don't MissMahesh Shows No Diplomacy on Chandrababu!For the first time, Mahesh Babu has played the role of a...Don't MissDirector Provoked Sri Reddy to Call PK Mad****Od?Sri Reddy abusing Pawan Kalyan as expected rose into a big issue...Don't MissMahesh Says 'No' but Confirms One ImmediatelyOne should learn the subtle sense of humour and sarcasm from Mahesh...
Interested to write for us? Get in touch with us at [email protected] with a sample article.