Amrita Credit & Shares Limited

India must go cashless exonomy to keep black money hoarders from amassing more. When cash gets transferred from bank to bank, imcome tax will be amassed in govt treasurey. Apart from that income tax will come down. Other taxes too will come down due to gst rules. Property price will become normal. Other prices of goods which cropped up, will fall down. There is no need for 7th pay commission, as people can afford to live with the same resource, they have. Export will increase after sometime. Bureaucracy will be limited. Now, we help the system to be purified.

If Rupee breached above 70 per US Dollar, that is due to demonetization drive by government. Cash crunch is seen in the economy now. If a person is spending rs. 1000 and this money is transferred one day through 3 person, the money of rs. 1000 create rs. 1000 x 3= rs. 3000. Now people spend rs. 100 instead of rs. 1000. So the money in circulation comes down from rs. 3000 to rs. 300. The flow trimmed will reduce inflation, later when govt reinvests will create more jobs to jobless. Wait and watch. Not like Manmohan singh theory, in long run every thing is dead. Only congress with black money is dying.

Growth of india will come down to 2%, according to report from ex-pm report. But at the time of congress we were having 20% growth rate and the rich benefitted more. But here price inflation of goods will go down, govt will be providing credit facilities to poor, heavy investment in infra can marginally reduce the fall of growth rate.

Demonetization means taking in Rs. 500 & Rs. 1000 and giving back rs. 2000. First day the incoming of notes was around rs. 40000 cr & the outflow was rs. 1600 cr. Due to increase the outflow can now be increase to rs. 5000 cr. Later it can increase to 50% of incoming. This will bring the notes in circulation 3 times. Still it will be calculated to rs. 15000 cr. This will lower inflation and govt will reduce interest rate by 1%. Wow, growth will continue.....