Chapter 819

"It has been said on TV that Mordy * * is doing this to combat corruption and cut off underground money laundering!"

The man who confronted him argued loudly.

The two men arguing were both young and looked like two learned college students.

They have their own reasons. One side thinks that Mordy's waste money policy is fooling around, while the other side thinks it's right to do so.

Indians love to discuss politics, so there are not a few people in the team except two.

"I heard that some corrupt officials make their beds with 1000 rupees. Now the government asks everyone to go to the bank to exchange new money. Those corrupt officials must find a way to exchange so much money for new money, otherwise after December 30, the money will become waste paper! Many corrupt officials will be caught at that time!"

"It's impossible for Mordy to achieve his goal. Those officials want to exchange new money by many means. Maybe there are people in line to exchange money for corrupt officials."

"It is said on TV that if the deposit exceeds 250000 rupees and the legal income does not match, 60% tax will be levied!"

"I have worked for 20 years and have never paid taxes. My boss has hired more than 20 workers and has not paid taxes. According to this policy, my boss will be fined to lose all his money!"

"Ha ha, fortunately, my family only has a total deposit of 200000 rupees. Now I don't have to worry!"

Gupta and dad listened to the people around them, and they also talked in a low voice.

"Dad, do you think our country will fall into chaos if the situation is so big?" Gupta was worried.

His father looked relaxed and said:

"It's all right. Chaos is only temporary. When the storm passes, the benefits to our country will always outweigh the disadvantages. Those corrupt officials should be executed!"

Mordi, who came from a low caste, has great public support in India. Many people at the bottom, such as Gupta's father, regard mordi as a great leader.

It is also because of this huge public opinion foundation that Mordy dared to be so bold and bold, saying that waste money is waste money.

The vigorous banknote scrapping movement began in India. Banks all over the country were crowded by people who came to exchange new money.

In order to maintain order, many places have sent police to the door of the bank to maintain order.

Even so, there are still many violent incidents such as chaos, chores and fights at the door of banks all over the country.

In addition, the order to ban the use of old banknotes in public places such as railway stations, hospitals and airports in just a few days also caught many people off guard.

The whole of India is in chaos.

From the civil society to various media, the voices of supporters and opponents quarreled.

Among them, most of the supporters are the bottom people of India. They believe that the reason for the money scrapping movement is to combat corruption, as Mordy said!

Intellectuals and many elites criticized Mordy and the government's reckless policy of scrapping money through various channels, which plunged the country into unprecedented chaos.

Many strikes and protests have sprung up everywhere, and India's stock market has plunged a lot.

All rational intellectuals are criticizing modi's policy of scrapping money.

Mordi met with Ulgit Patel, President of the Reserve Bank of India, at the general office of New Delhi.

The Reserve Bank of India is equivalent to the people's Bank of China in China. It is the Central Bank of India, which is in charge of the country's monetary and financial policy, currency issuance and other central bank responsibilities.

The nationwide banknote scrapping campaign in India is led by the Reserve Bank of India, or more accurately, by President uljit Patel and a number of senior officials and experts in the Indian Ministry of Finance and financial sector.

It was under Patel's advice that Mordy carried out the waste money movement in a quick way under the great pressure of public opinion in the country.

On the surface, Mordy announced to the outside world that the purpose of the money scrapping campaign is to combat corruption and money laundering. In fact, the main purpose is to reform the tax system.

In the past, because the Indian people were used to paying wages in cash, there were many kinds of tax evasion and evasion. Even if the tax authorities had the ability, they could not go to the pockets of the people all over the country to pay one by one.

In this campaign, all ordinary people who exchange new currency in banks are required to register personal information, home address, source of income and other information. In addition, ordinary people are encouraged and required to open bank accounts in various ways.

Mordi and the Indian government want to expand the tax base, lay the foundation of tax reform and increase fiscal revenue through this drastic way.

As for the fight against corruption and money laundering, although it has some effects, it is more a euphemism given by Mordy to the people.

After all, in a country with a democratically elected government, modi can't directly tell the people that the real purpose of the money scrapping movement is to collect taxes from the people's pockets!

"* *, in the past week, more than 30 million people have registered in banks to exchange new currency, of which more than 10 million have opened new bank accounts.

It is estimated that within two months, more than 300 million people will come to the bank to exchange new currency, and at least 100 million people will open new bank accounts! "

Patel reported his data to Mordy.

Mordi thought at the closing ceremony that 300 million people would cover almost all families in India, and in such a short time, those corrupt officials and black money would make a lot of noise and be detected by the government.

I believe that the relevant anti-corruption departments will certainly make a lot of gains in this campaign.

Thinking of this, Mordy was excited. Although the main purpose of the money scrapping campaign was to reform the tax system, he could take the opportunity to kill many corrupt officials and add a lot of points to his political achievements.

According to the calculation of Patel and the experts of the Ministry of finance, after the banknote scrapping campaign, the tax revenue of the whole India can be increased by at least more than 20%. In addition, the revenue of the Indian government is conservative, and the revenue from the banknote scrapping campaign will increase by more than 30 billion US dollars!

"30 billion dollars!" this figure is close to one tenth of India's annual fiscal revenue.

For this considerable financial revenue, even if the pressure of external public opinion is greater, Mordy will unswervingly carry out it.

On November 21, modi delivered his first speech after the promulgation of the money scrapping order on national television. While affirming that the money scrapping campaign has cracked down on many corrupt officials, modi also encouraged and called on all Indian people to learn to use electronic economic means such as e-banking and bank accounts, learn to make mobile payment through app on mobile phones, operate and do business without cash.

Once mordi's speech was published, many people in India, especially young people who make good use of smart phones, have opened wechat payment or paytm payment to bind their newly opened bank accounts.

India's mobile payment and Internet finance have ushered in a golden age of development.