Hi friends,
In 2016, We decided to settle with our son in Hyderabad. We have a house in Chennai. We decided to sell the house and buy another one in Hyderabad. But black money is demanded both at the buying and selling ends. I do not want to lose peace of mind at my old age. I stood firmly rejecting the black money. MY HEAD ESCAPED THE AXE in the demonetization.
Black money is hidden in the form of currency, bullion, jewels, stocks, Benami holding, deposits in foreign banks, etc. The income tax department has to unearth the black money. Demonetization will not totally eradicate black money. It may help in bringing out black money held in the high denomination.
In Jan 1946, currency notes 1000 and 10000 were withdrawn. In 1954, new notes 1000, 5000, and 10000 were introduced. In Jan 1978, notes of 1000, 5000, and 10000 were demonetized. Now in Nov 2016, there is demonetization. What is the effect? Are we free from black money? No, it is growing every day.
Previously only the super-rich was holding black money. Now everyone is having it. To help them, there are legal experts, chartered accountants, auditors, etc. who can interpret ten meanings for one sentence in the law. For strict enforcement, more staff, more salary, and more taxes will affect the poor.
We have lost our cultural and moral values. Chaos, anarchy, lawlessness, violence, corruption, black money, rape are the order of the day. People are greedy. A rickshaw wallah wants Levy jeans. Another wants BMW. A housewife wants a costly I-phone. Greed originates from the rich and passes on to the poor.
Everyone has a duty and responsibility to the nation and is expected to do it voluntarily. We should claim our rights only after performing our duties. When people fail to do their duty, black money generates. If all citizens pay their taxes voluntarily and lead a perfect life, there will be no black money.
PARAMACHARYA, our guru, had advocated that the rich should lead a simple life. There is a 10% growth in necessities and a 90% growth in luxuries. Our motto should be to go for the necessities, avoid the comforts, and forget the luxuries. MAY GOD BLESS YOU.
In 2016, We decided to settle with our son in Hyderabad. We have a house in Chennai. We decided to sell the house and buy another one in Hyderabad. But black money is demanded both at the buying and selling ends. I do not want to lose peace of mind at my old age. I stood firmly rejecting the black money. MY HEAD ESCAPED THE AXE in the demonetization.
Black money is hidden in the form of currency, bullion, jewels, stocks, Benami holding, deposits in foreign banks, etc. The income tax department has to unearth the black money. Demonetization will not totally eradicate black money. It may help in bringing out black money held in the high denomination.
In Jan 1946, currency notes 1000 and 10000 were withdrawn. In 1954, new notes 1000, 5000, and 10000 were introduced. In Jan 1978, notes of 1000, 5000, and 10000 were demonetized. Now in Nov 2016, there is demonetization. What is the effect? Are we free from black money? No, it is growing every day.
Previously only the super-rich was holding black money. Now everyone is having it. To help them, there are legal experts, chartered accountants, auditors, etc. who can interpret ten meanings for one sentence in the law. For strict enforcement, more staff, more salary, and more taxes will affect the poor.
We have lost our cultural and moral values. Chaos, anarchy, lawlessness, violence, corruption, black money, rape are the order of the day. People are greedy. A rickshaw wallah wants Levy jeans. Another wants BMW. A housewife wants a costly I-phone. Greed originates from the rich and passes on to the poor.
Everyone has a duty and responsibility to the nation and is expected to do it voluntarily. We should claim our rights only after performing our duties. When people fail to do their duty, black money generates. If all citizens pay their taxes voluntarily and lead a perfect life, there will be no black money.
PARAMACHARYA, our guru, had advocated that the rich should lead a simple life. There is a 10% growth in necessities and a 90% growth in luxuries. Our motto should be to go for the necessities, avoid the comforts, and forget the luxuries. MAY GOD BLESS YOU.
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