Total 500 old notes = 1571 crore
Total 1000 old notes = 633 crore
Total 500 old notes + 1000 old notes= 2204 crore notes
New 500 notes needs to printed = Approx 1500 crore
New 2000 notes needs to printed = 633/2 = 300 crore
Total printing press in India to print the notes are 4 and capacity 2600 crore notes /year
Government said its not instant decision they are thinking for this for 10 months then 8 November was the implementation date
If govt is thinking for 10 months then approx 1800 notes could have been easily printed in 7-9 months.
Why govt was sleeping ????
ATM has cassettes dedicated to 100,500,1000 now new notes are totally different in size all cassettes needs to be changed ,, if they would have used same size then existing cassettes could have been reused .
total ATM 2 lakh 20 thousand now all needs to be changed as per new notes , total changes 4 lakhs 40 thousands.
Where is the planning?????
https://www.youtube.com/watch?v=7QbvxOmfjmo
Please don't pass irrelevant,irreverent and idiosyncratic ivory tower comments. If you give me your address I can at my own cost buy you an Economics 101 book and send it to you as a Christmas/New Year gift. So at least you can stop exhibiting your worldly ignorance! Not good for both the spiritual and social health - of the readers!
ReplyDeleteVenkat can't you see your language is beautifully framed ??? I would be grateful to you if you could provide your data and share with me , I promise I will share to all if seems authentic
DeleteHi Venkat, Please give me your Email-id I will send you my address , zestfully waiting for the gifts
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