0Mr. Modi taught us the term "Demonetisation".
I need not to write its meaning as most of us have learned its true meaning through practical experience.
Impact of Demonetisation:
1. Dollar Rate conversion may go up due to demand for USD in the short run.
2. INR will be stronger currency than before in the long run.
3. Oil Payments in INR.
4. Inflation under control: Right product at right price.
5. Interest rates come down.
6. Bank Stocks will go up.
7. There will be correction in the stock market by at least 800 points.
8. Real Estate Rates will come down.
9. Time to challenge China as more money available for Industries to avail to upgrade their Technology for Automation.
10. Exports will increase.
11. Industrial output will increase.
12. Tax rates will come down.
13. Treasury will increase due to dividends from Banks.
14. India towards Cashless Economy.
What is Next?
I am anticipating the following measures immediately towards financial reforms:
1. Cash payment restriction to a certain limit say Rs. 5,000.
2. Digital Payments: A compulsory.
3. All School payments including Donations through Digital Payment.
4. All Real Estate transactions through Digital Payment.
5. Gold Purchases through Digital Payment.
6. Random IT Raids on Industrialists, Education Institutions, Hospitals, Politicians, Doctors, Film Community.
7. All Government Transactions through Digital mode.
8. More recruitment in Income Tax and Commercial Tax Departments.
9. Scrutiny of IT returns retrospective.
10. Ban on Political Funding.
