India Habitat set were on the path OF cleaner, transparent and honest financial system around a year ago When Prime Minister Narendra Modi, in His War Against Corruption and Black Money, Demonetized Rs500 and Rs 1,000 currency notes. This habitat Stted B were State was president OF the Bharatiya Janata Party (BJP), Chandigarh, Sanjay Tandon While Nrrting were Resounding Success Story of Demonetiztion in a panel discussion held so Haryana residence Recently were in the Presence OF chief minister OF Haryana, Mnohr Lal Kttr , ministers, bureaucrats, retired judicial officers, chartered Accountants.
While giving a detailed presentation on the subject, Sanjay Tandon Demonetiztion were listed out were Various FACTS OF s.O revealed, “Data analytics show 17.73 lakh suspicious cases (stake holders) Vere Identifaiad were Cash Transactions Did did not match with tax profiles were OF stake holders ware. Were cash deposits under Suspikion stand so juice 3.68 lakh crore in 23.22 lakh bank accounts . In Addition to This, Banks and Financial Institusns Reported More Thanh 4.7 lakh suspicious transactions. Apart From This, juice 16,000 crore did not come back to the banks after demonetisation. Uँdisclosed income Worth juice 29,213 crore detected and admitted through searches, Sizrs & Raids “.
Adding to it, my side, “In A Startling Fact, about 1.5 lakh (1,48,165) People Deposited A TOTAL OF Around 5 lakh crore (RUS 4,92,207 crore) Which is Almost 1 / 3rd of total currency deposited, with final The average deposit size OF jUICE 3.32 crore. Thus 0.00011% OF INDIA’S Population Deposited Almost 33% were of total cash in the country. Were estimated value OF HIGH Denominashn notes were therefore END OF Sitmber 2017 is approximately Rs 12 lakh crore. If There Vaas No Demonetistion had values Negative These notes walled Hve Bean Around juice 18 lakh crore today. Thus, the high Denominashn notes Hve Bean Ffektiveli Brought Down B about 6 lakh crore – a Dekrise OF 50%. “
While Slumming Congress government for Misleading the Common Man, Tandon Stted, “If there were poor people hung Affekted B Demonetistion, walled They were out’s of Hve Streets and Takein sub Certain Agitashn. IT was the Certain wattle Congress habitat Greatali Affekted B it was not common Populke. Besides, Demonetistion believe a major step so Skwize cash-only Transactions and a spur toward Digeetisation OF Transactions. Demonetistion lead come Huge Increase in Tax Compliance, Which Will Lead to Higher Government Revenus and Corinth higher spending on public welfare and Infrastructure Creation “
Box this Suggested were able OF Benefits OF Demonetiztion
Demonetistion struck a severe blow to Terrorists and Nkslits B clamping down s Their funds.Stone-Pelting Incidents these K Vere Redused 1 / 4th of the previous year, after Demonetistion. No Tablet Stone Pelting Incidents Dekreased from 2683 (Nov. 15 Oct. 16) 639 (Nov. 16 to July 2017)
Fake currency Busted and total number OF Counterfeit Notes Detected in 2016-17 is 762 thousand, An Increase OF 20% scenes last financial year.
Huge AMOUNT OF Shell Companies and citing the then Transactions Came Foray. In a surgical strike s Shell Companies, 2.24 lakh companies were struck off.
Anonymous Es sets Worth Juice 1626 crore were also seized and / and attached.
A massive push is Formlisation Resulted in Creation OF More formal jobs.
PAYMENT OF Wages Act amended so Insure Direct payments in bank accounts Excluded Workers. 50 lakh new bank accounts opened for workers to enable cashless transactions of wages 1.01 crore employees enrolled with EPFO 1.3 registered crore workers with ESIC thus bringing social security and health benefits to them New Tax Pyers Inkrised B 26.6% from 66.53 Lakh in 2015-16 to 84.21 Lakh in 2016-17 No OF E-Returns Filed Inkrised B 27.95% from 2.35 in 2016-17 crore to 3.01 crore in 2017-18.
India made a year ago had to walk on a clean path transparent and honest financial system when Modi corruption and close to five hundred and a thousand notes of Rs in its fight against money laundering. They said Chandigarh BJP president Sanjay Tandon who was telling the story of limitless success Notbandi during the conference taking place in Chandigarh, Haryana residence. The Haryana Chief Minister Mnohr Lal Kttr, ministers, bureaucrats, were retired judicial officer and chartered accountants.
Presenting a detailed presentation on this subject Tndne highlighted various facts associated with the Notbandi.
They “The data suggests analytics that 17.73 million Doubtful Case Were found where cash transactions did not match the tax profile of pan holders. Were. 23.22 million Bank Accounts In which Suspicious cash than they Dipojits were found 3.68 million Million If the money. In addition, banks and financial institutions reported more suspicious transactions from 4.7 million. The 16,000 crore after Notbandi Not returned Rs banks. 29,213 crore Rupees Of Undeclared income Impressions, expropriation By and highlight the investigation “.
Tandon added, “a Shocking With The fact that 1.5 lakh lakh (148,165) people has A total of about 5 million Deposited Rs million (492,207 million), which is one-third of Kanrsi went made total deposits. It has an average 3.32 million Rupees Settles is. Ie 0.00011%of the population of the country has Country 33% Cash deposit Orchestrated. September 20l7 the ending In Price notes of high denominations almost 12 million Million Rupees is. If Notbandi would not value these notes today nearly 18 million Rs crore. This means that notes of higher denominations Notbandi could be reduced to Rs Ch trillion is less than fifty percent.