Tamil Cinema Predicting 500 and 1000 Rupee notes demise.
Written by admin Published on Nov 09, 2016 | 07:38 AM IST | 148
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1) SIVAJI – THE BOSS:
2) INDIAN:
However Ulaga Nayagan Kamal Hassan gave us a rather glimpse about the higher denominations going out of system. Check out this song “Pachaikiligal tholodu” from “Indian” (also directed by Shankar) where the Ulaga Nayagan is found making paper boats from Rupee Notes.
3) PICHAIKARAN:
“The poverty in our country is mainly because of tax evasion. All the money which are hidden from taxes are stored in the denominations of 500 and 1000. Only 20% of people in the country use 500 and 1000 rupee notes. The rest of the 80% have just one or two 1000 rupee notes and are searching for coins. If it’s a 1000 rupee note, even 100 crores can be contained in two big suitcases while in cases of 100 or 50 rupee notes, a big house will be needed! It won’t be safe. People would start getting scared of their money getting robbed, legal encounters with the police, income tax raids, gold investment wouldn’t be much an option due to price fluctuations. Real Estate investments may lead to their lands being seized once the Government changes. Depositing in the bank would be the only choice left. But if they do so they’d be left paying heavy taxes. If all the rich people in the country paid their taxes honestly, not just poverty, even there wont be any beggars left in the country.!”
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