In INDIA
According to RBI in one day average bank transaction is 2.6 Lac Crores ( US$ 42 Billion ) (1 US$ = Rs 62)
In one year bank transaction is 960 Lac Crores (US$ 15.5 Trillion)
Additional Information
In one year total tax collection in India is 12 Lac Crores
This tax is collected from 50-60 type of taxes by which public is very much harrashed
Total tax collection in INDIA is 1.25% of the total bank transaction
So all the 50-60 types of taxes can be removed to only one type of tax that is Bank deposit Tax of 1.25% can be put
But there are few points to remember
Right now 20% of transaction are done through banks and rest 80% transaction are done by cash.
This is just opposite in more than 50 top countries of the world like USA, UK, Australia, Germany, France, Belgium etc
To make this same position in India band Rs 1000 notes, Rs 500 notes an Rs 100 notes ALSO so that people will be force to use bank and debit card and credit card for transactions.
Small transaction can be done in small notes
50% indian dont have Bank Accounts and they also dont have MONEY for Transaction
7 Crore people in India are living under Rs 9 per day
17 Crore people in India are living under Rs 12 per day
20 Crore people in India are living under Rs 15 per day
84 Crore people in India are living under Rs 21 per day
20 Crore people in India sleeps hungry every day
according to government figures
So every body support this idea of www.arthakranti.org
Thank You
According to RBI in one day average bank transaction is 2.6 Lac Crores ( US$ 42 Billion ) (1 US$ = Rs 62)
In one year bank transaction is 960 Lac Crores (US$ 15.5 Trillion)
Additional Information
In one year total tax collection in India is 12 Lac Crores
This tax is collected from 50-60 type of taxes by which public is very much harrashed
Total tax collection in INDIA is 1.25% of the total bank transaction
So all the 50-60 types of taxes can be removed to only one type of tax that is Bank deposit Tax of 1.25% can be put
But there are few points to remember
Right now 20% of transaction are done through banks and rest 80% transaction are done by cash.
This is just opposite in more than 50 top countries of the world like USA, UK, Australia, Germany, France, Belgium etc
To make this same position in India band Rs 1000 notes, Rs 500 notes an Rs 100 notes ALSO so that people will be force to use bank and debit card and credit card for transactions.
Small transaction can be done in small notes
50% indian dont have Bank Accounts and they also dont have MONEY for Transaction
7 Crore people in India are living under Rs 9 per day
17 Crore people in India are living under Rs 12 per day
20 Crore people in India are living under Rs 15 per day
84 Crore people in India are living under Rs 21 per day
20 Crore people in India sleeps hungry every day
according to government figures
So every body support this idea of www.arthakranti.org
Thank You
Source(s):Reserve Bank of India
Baba Ram Dev repeated lectures
www.arthakranti.org Pune based economy group
Baba Ram Dev repeated lectures
www.arthakranti.org Pune based economy group
