Us Tax Form Schedule B: Fill & Download for Free

In order to get a visitor visa to the US, you need to have an invitation letter stating that she is coming for the sole purpose of visiting you. You need to sent her the invitation letter through post as the Visa officer do ask for the hard copy of the invitation letter not the print out of the email or copies.She needs to apply for a visitor visa (B1/B2 visa). The steps to obtain a visitor visa to the US are given below,STEP 1Fill out form DS-160 electronically. Visit the State Department's Apply for a Non-Immigrant Visa webpage, select "Ukraine" out of the drop-down menu in the right hand column, then click the "Start an Application" button to answer a series of questions. Choose the B-2 business/tourist visa classification when prompted.STEP 2Download and print a B visa deposit slip. Visit the department's Apply for a US Visa in Ukraine page, click on the "Pay my Visa Fee" link inside the blue menu on the left side of the screen, scroll down to the middle of the page and click "Deposit Slip - $160 MRV Fee (B, C-1, D, F, I, J, M, T, TN/TD, U Visas)." Print the PDF file.STEP 3Take the deposit slip to your nearest Raiffeisen Bank branch in Ukraine to pay the fee in Ukrainian Hryvnia. At the time of publication, the fee is $160 USD, or about 1,300 Hryvnia. Retain the payment receipt number.STEP 4Create a personal profile on the Apply for a U.S. Visa in Ukraine page. Click "New User?" at the bottom of the Profile Creation page, answer the prompts and create a password.STEP 5Gather your Ukrainian passport, payment receipt and completed DS-160 form to schedule an appointment with the Embassy in Kiev. Log in to the Apply for a U.S. Visa in Ukraine website and click on the "Schedule an Appointment" link in the left sidebar menu to setup an interview. Supply your passport number, receipt number and 10-digit barcode number from the DS-160 confirmation page when prompted.STEP 6Gather original supporting documents for your interview. The Embassy requires proof of income, tax payments, assets, property or business ownership, printed U.S. travel itinerary if available, and any criminal or court records if you were arrested or convicted of a crime.STEP 7Bring your passport, supporting documents and payment receipt to the scheduled interview. Answer all questions truthfully. If approved, the Embassy takes your passport, issues a visa inside of it, then sends it to the TNT Express location that you designated in your online profile for pickup.Once you get the visa stamped, arrange your travel accordingly. Keep in mind that at the port of entry to US, she will be asked some questions about her visit and travel documents (return ticket, place she is going stay, address). Don’t carry any suspicious stuffs.Thank you.

The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India, is the annual budget of the Republic of India. It was presented by the Finance minister on 1st February 2020 in Parliament. Here are some of the important announcements.1. The theme of the budget was - "Ease of living"The budget is woven around three prominent things -a. Aspirational India to boost the standard of livingb. Economic development for allc. Building a humane and a compassionate society2. Currently, India is 5th largest economy.1st - USA(21.4 Tn) 2nd - China(14.1 Tn) 3rd - Japan(5.2 Tn) 4th - Germany(3.9 Tn) 5th -India(2.9 Tn)3. Average growth - 7.4 %(2014-19)4. Average inflation - 4.5 %(2014-19)5. 271 mn people raised out of poverty(2006-16).6. 40 crore income tax returns have been filed.7. Insured 6.11 crore farmers under Pradhan Mantri Fasal Bima Yojana.8. Central govt's debt has come down to 48.7% in March 2019 from 52.2% in March 2014.9. FDI in India rises to USD $284 billion during 2014-19 compared to $190 billion during 2009-14.10. At the elementary level, girl enrollment is currently at 94.32 percent compared to 89.28 percent for boys.Let us discuss the sources of the government's income and expenditure.Let us discuss sector-wise schemes and allocation of funds.1.Agriculture16-points action plan to help farmers, Farm markets need to be liberalized.FY21 agriculture allocation 1.38 lakh crore.By 2022-23 fish production to be 200 lakh tonnes.3477 Sagarmitras and 500 fish farmers.Agri credit target for the year 2020-21 has been set at 15 lakh crore rupees.Expansion of "PM KUSUM" Scheme under which 20 lakh farmers would be provided funds to set up standalone solar pumps.Civil Aviation Ministry to launch 'Krishi Udaan' for agricultural exports.Finance Ministry will allocate 2.83 crores for agriculture and irrigation.MGNREGA to be used to develop fodder farms.Milk capacity processing capacity 53.5 Mn MT to 108 Mn MT.Village storage scheme run by SHGs. They will be named as "Dhanya Lakshami"NABARD geo-tag agri-warehouses.2. Education and Skill DevelopmentRs 1 lakh Crore push for education.Rs 99,300 crore outlay for the education sector in 2020-21 and Rs 3,000 crore for skill development.Govt proposes National Police University and National Forensic University.An allocation of Rs 8,000 crore for National Mission on Quantum Computing and Technology.150 higher education institutions to offer apprenticeship diplomas by March 2021.The government will promote the 'Study In India' initiative.FDI in the education sector.IND-SAT exam for Asian & African students to study in India.3. Water and SanitationAction plan to ease India's water problems starts with helping 100 districts.Govt proposes Rs 3.6 lakh crore towards piped water supply to households.Allocation for Swachh Bharat for 2020-21 stands at Rs 12,300 crore.Committed to Open Defecation Free (ODF) plus in order to sustain ODF behavior and to ensure no one is left behind.4. HealthcareGovt to expand Mission Indradhanush, add hospitals to Ayushman Bharat.Allocated Rs 69,000 crore to Healthcare, inclusive of Rs 6,400 crore for Jan Arogya Yojana.Hospitals will open in tier 2 and tier 3 cities covered under Aspirational districts scheme which still do not have an Ayushman-empanelled hospital.The government has aimed at spending target of 2.5 percent of GDP till 2025.“TB harega desh jeetga" campaign to eliminate tuberculosis by 2025.Opening of "Jan Ausadhi Kendra" for medicine supply.5. Employment and EntrepreneurshipFM makes entrepreneurs' lives easier with new investment clearance cells.National Logistics Policy will be revealed soon to make MSMEs more competitive.Govt plans to boost the manufacturing of mobile phones, electronic equipment.Single investment clearance window to be set up for promoting entrepreneurship.Govt to set up a national recruitment agency(NRA) for the recruitment of non-gazetted posts.Amendments to be made to enable NBFCs to extend invoice financing to MSMEs.Audit threshold for MSMEs raised to ₹5 crore from ₹1 crore.6. InfrastructureFY21 rural development allocation 1.23 lakh crore.Five new smart cities to be developed.Rs 20,000 crore for the renewable energy sector.Rs 6000 crore boost for internet connectivity.Rs 1.7 lakh crore has been provided for transport infrastructure.Privatization of some ports.Focus on the "Arth Ganga" model.7. RoadOutline a plan to invest Rs 1.05 lakh crore ($1.48 trillion) in infrastructure over the next five years.A single window e-logistics market with focus on MSMEs.Development of 2,500 km access-controlled highways and 2,000 km of strategic highways, 9000 km eco-development corridors.12 lots of highway bundles spread over 6,000 km will be monetized before 2024.Delhi-Mumbai Expressway to be ready in 3 years.6,500 new projects under NIP across sectors.8. Railways1,150 trains will run under the public-private partnership (PPP) mode.Four stations will be redeveloped with the help of the private sector.Indian Railways to set up a "Kisan Rail" through Public-Private Partnership for farmers.On the fast track: More Tejas-like trains between key stations.Develop solar capacity in Indian railways.Govt to launch ₹18,600 crores worth the Bengaluru Suburban Transportation project.Focus to finish the Mumbai-Ahmedabad bullet train project.9. Aviation100 more airports to be developed by 2025.No. of aircraft will rise from 600 to 1200.10. Culture & TourismRs 2,500 Crore to boost tourism.5 archaeological sites to be developed with on-site museums.Establish of Indian Institute Of Heritage & Conservation.Tribal museum in Ranchi and Maritime museum in Lothal.11. Textile and ExportsRs 1,480 Crore for National Textile Mission.Nirvik (Niryat Rin Vikas Yojana) scheme to provide enhanced insurance cover and reduce premium for small exporters and simplified procedures for claim settlements.12. Social WelfareEnhance allocation of Rs 9000 Crore for senior citizens and 'Divyang’.Rs. 4,400 Crore allocated for cities to ensure clean air.Rs 53,700 Crore for the welfare of scheduled tribes.Rs 85,000 Crore for the welfare of SC and other backward classes.Deposit insurance coverage increased to 5 lakh from the existing ₹1 lakh.13. Women & Child Development35600 crore for nutritional-related programs.28600 crore for woman-specific programs.6 lakh Anganwadi workers will be given smartphones.14. OthersRs 100 crore allotted to prepare for hosting G20 presidency in 2022.Allocation of Rs 30,757 crores for 2020-21 for Jammu and Kashmir and Rs 5,958 crores for Ladakh.FY21 fiscal deficit target pegged at 3.5% of GDP.The government will bring LIC IPO. (Privatization)Government to sell part holding in LIC, also in IDBI.Govt to sell govt stake in IDBI Bank to private investors.FY21 divestment target pegged at Rs 2.1 lakh crore.The nominal GDP growth for FY21 revised to 10%.15. Income Tax HighlightsNew simplified personal income tax regime (Lowest, Simplest, Smoothest)New income tax rates will be optional. That means if a person wants to avail deduction(HRA & other allowances) he/she has to stay with the existing tax rate. And if the person does not want to avail deduction he/she will go for a new tax rate.FM proposed to remove the deeply unpopular dividend distribution tax (DDT). It applies to the dividend that a company pays to its shareholders.Govt proposes a 100 percent tax concession to sovereign wealth funds on investment in infra projects.New power generation and manufacturing companies will have to pay just a 15 percent tax under the new corporate tax regime.Govt proposes deferment of tax payment by employees on ESOPs from startups by 5 years.Tax on Co-op societies to be reduced to 22% plus surcharge, as against current 30%. Only Asian country which has less tax than India is Thailand(20%). Even China and Malaysia have a 25% tax rate.Insurance coverage on deposits increased from 1% to 5%.Govt extends an additional Rs 1.5 lakh tax benefit on interest paid on affordable housing loans to March 2021.FM proposes a scheme to bring down litigation indirect taxation scheme; 4.83 lakh direct cases pending in various appellate forums."Vivad se Vishwas" scheme for direct taxpayers whose appeals are pending at various forum.Under the "SARFAESI" scheme debt recovery at NBFCs reduced to asset size of INR 100 crore or loan size of INR 50 lakh.*Note: Any edits, ideas or additions are highly appreciable. Thank you for reading!

Modi is the worst PM of India.1.Ticket to Criminal Candidates :A report in Hindu says that 57 members of Gujarat cabinet have criminal cases on them. Well, I seriously don’t understand how my India will shine under criminal candidates. Can BJP stop giving tickets to criminals ? if yes,then I can think to vote for them.2 . Right to Information Act (RTI) –RTI activists in Gujarat are suffering , their RTI Applications are not responded and thousands of RTI applications are pending. Gujarat RTI Activists Association, which has around 5,000 members, says that there are around 14,000 RTI applications pending at different stages in various departments of the state government. According to them, these RTIs can expose Corruption on larger scale. So stopping an RTI and Modi ji wants India to be like USA, no that is not possible if you stop the Right To Information for your citizens.Apart from this , why Modi has to keep tainted minister in his Cabinet? Many RTI activists have received threats to life , RTI Activist Amit Jethwa was murdered and BJP MP Dinu Bogha Solanki has been held . Freedom of knowledge and Free Speech which can threaten the govt is silenced . BJP MP arrested for RTI Activists Murder3. Weak Lokayukta :In April2012, Modi ji passed a new bill, The Gujarat Lokayukta Aayog which allows him to1. Choose the Lokayukta of his own choice.2. Block Lokayukta from investigating any cases against himself or his cabinet ministers.3. Remove the primacy of high court chief justice and the governor in the appointment of Lokayukta. ReadSupreme Court Upholds Gujarat’s Lokayukta Appointment And Mr Modi was slammedIs this what you call a strong Lokpal, when you criticize central government for bringing strong Lokpal, Mr Modi? If this is what you call a strong Lokpal, then all corrupt politicians would have backed Anna Hazare for this bill.4. No Riots after 2002: Narendra Modi ji has claimed Many times that there are no riots in Gujarat after 2002, any intelligent person would try to do a re-search on this claim . No Riots in Gujarat in Last 12 years – ModiFacts : Large scale riots happened within Vadodara in 2006 (no coincidence that next Gujarat elections were in 2007), Apart from that, regular stream of incidences involving arson, stone-pelting, stabbing, lynching etc kept on happening regularly all over Gujarat – Ahmedabad, Rajkot, Dohad, Veraval etc.4. False Promotions and fudging of facts , there are many examples of the same. i will list out some.a) Claim: Modi Claims that Gujarat has generated 25 lakh jobs generated in 2009 link and also said that jobs generated will be 52 lakh in 2011 . 52 lakh jobs in 2011.Truth: Planning Commission Employment Report, page no 126, suggests that, number of people employed in major sectors has come down from 25.3 million in 2004-05 to 24.65 million in 2009-10. Check Page number 126, Planning Commission Employment ReportSo, these high figures are for what when the jobs have gone down from 2004 to 2009 ?b) Education : let’s look at the Gujarat’s education Sector .Gujarat is the worst state in the country, when we look at the reading, writing and math skills of the rural students. Planning Commission reports Education Report. Only 7% of Gujarat’s class 5 kids can read English sentences, way below all India average and it’s better not to compare with other states.ASER survey taken in Jan 2013, shows clearly this fact. ASER surveyA major part of survey was reported by DNA which can be read here. Gujarat’s Class 8 literates can’t read.Its clear that Mr Modi is too busy in infrastructure and building roads that he doesn’t have time for future generations, he is aware that they can’t vote.b) TOURISM : Under Modi, Gujarat has turned out to be the visitors favourite destination in India. this is a quote from Modi’s website : Potential of Gujarat TourismHere is a quote from Modi’s website : ‘In the last year Gujarat got over 22 million tourists and witnessed a tourism growth rate of over 16%, which is double of the national tourism growth rate. From Rs 30 crore in 2005-2006, the tourism budget today is Rs 500 crore.’As recorded in Gujarat’s official tourism website Gujarat Tourism.Number of tourists during 2010-11 = 19,811,936 (19.8 million)Number of tourists during 2011-12 = 22,354,665 (22.3 million)Anyone who can do simple calculation would find out that, increase is around 13% (12.8% to be exact) and not 16% as Modi tells the nation.c) FALSE CLAIMS : Automobile majors are flocking to Gujarat because of great industrial climate Modi has created.Fact: Plain lie. Tata was given sops estimated to be worth Rs 30,000 crores over a period of time for investing only a fraction (Rs 2,000 crore) in Sanand, Gujarat. That’s what brought Nano to Gujarat. Modi Team confirms Mega Loan For TataModi Gives Rs 30,000 crore loan to Tata : Free public money in form of Rs 9,570 crore loan as the interest is 0.1% and payment time is 20 years (23% of Gujarat’s budget for that year). Plus, usual sops of tax and duty exemption, infrastructure development and 100 acres of land near Ahmedabad for township. Which businessman will refuse such a deal? link –> linkd) Claim: Gujarat is only state in the whole India to provide 24*7 and 365 days electricity to almost all of its 18000 villages. Modi to Mulayam: Modi to Mulayam: Making Gujarat means providing 24/7 electricityFact : Plain Lie . This is a two part claim1. 100% village electrification2. Gujarat’s leadership in electricity availability to its populaceGujarat’s villages were fully electrified by 1996 (or even before), Modi has no role in 100% village electrification. Electrification of villages, Page 23, Annual Report 1996-97, Ministry of PowerMoving on to availability of electricity, refer to a report of Census 2011, Availability of Electricity Census 2011Percentage of households using electricity as the source of lighting in Gujarat is 90.4%, ranked 14th behind big states like (TN 93.4, Andhra 92.2), many smaller states and UTs. Thus, Gujarat is not the leader in providing electricity to its populace. Interestingly, Gujarat rank fell from 12th in 2001 Census to 14th in 2011 Census.E) FALSE CLAIMS :Every Gujarati is in love with ModiFact: Less than 50% Gujaratis are voting for Modi and around 40% are voting for Congress. BJP’s high vote share pre-dates Modi.Vote per cent share Gujarat elections.In last General Elections (2009) in Gujarat, vote share difference between BJP and Congress was only 3.5%. Correspondingly, seats won BJP 15 and Congress 11.In India electoral systems, winners are based on seats won in which Modi/BJP is clear winner, but that does not mean everyone in Gujarat is voting for Modi/BJP. Within Gujarat Congress too have a healthy vote share in range of 40%.Source: Election Commission of IndiaF) False Claims: Gujarat’s agricultural growth is 10-11% , modi proudly says this fact and writes on his official website too Gujarat Agricultural growthFact : Plain lie. In last 6 years, Gujarat’s agriculture had -ve years of growth -1.08% (2007) & -8.71% (2009), and a zero growth year 0.3% (2010). Gujarat has had a very peculiar growth rate for agriculture. Although I have to say that the Sardar Sarovar Project has had a huge impact on agriculture in Gujarat.Page 61, GDP by Industry of Origin, Data for use of Deputy Chairman, Planning Commission.Furthermore, another data table of Ministry of Agriculture, mentions Gujarat’s agriculture from 1996-97 to 2010-2011 (not given whether it is at constant/current price or gross/net DP), to have frequently years of high negative growth and high positive growth, the variance is so high, by selecting a year, the corresponding growth can significantly change over a period.Page 53, GDP by Industry of Origin, Data for use of Deputy Chairman, Planning CommissionBy no stretch of Imagination Gujarat has 10-11% Agriculture growth, if that be would the farmers do suicides in Gujarat? Yet another lie exposed from RTI. What drove 135 Gujarat farmers to suicide?One more interesting read on suicides of Farmers in Gujarat . -> Sudden rise in farmer suicides in Gujarat.g) FALSE CLAIMS:Gujarat is the only state in country to have “high speed wireless broadband” service in its all 18000 villages.Fact: BSNL brought that to Gujarat. Ironically this is one of deals for which former Telecom minister A Raja is under investigation.BSNL, US’ Soma Networks in tie-up for largest WiMAX deal.SNL Launches India’s First High-speed Wireless Broadband Network in GujaratNow,they say its the only state in the country ,is it so ? No. Wimax comes to GoaIncidentally, BSNL-SOMA WiMAX deal is under investigation in corruption saga of former Telecom Minister A Raja. A Raja may be booked in BSNL’s WiMax deal.In other words, its A Raja, who bought WiMax to Gujarat.h) FALSE CLAIMS :Modi made the Asia’s biggest solar plant.Intending: Solar energy revolution was started by Modi.Fact: Solar energy revolution in India was started by UPA govt in 2010. JLNSM was launched on the 11th January, 2010 by the Prime Minister. The mission has set the ambitious target of deploying 20,000 MW of grid connected solar power by 2022. Jawaharlal Nehru National Solar MissionSince launch of the JLNSM, the capacity of solar power projects has grown from 8 MW in January 2010 to over 979 MW in the country. Progress under Jawaharlal Nehru National Solar MissionClearly Rajasthan and Gujarat, being the biggest desert states in India, solar program was likely to have the largest impact there. Due credit to Gujarat though that it beat Rajasthan to first placeH) Also Modi PR people have claimed that “The entire length of SSNL canal network in Gujarat is around 19,000 kilometres and if even 10 per cent of it is used for this type of projects it could generate 2,400 MW of clean energy annually.” People have touted him as if he was the inventor of the idea of putting solar panels over the canals.Fact: Again Plain Lie. First and foremost, the World’s first over the water solar power project is in California, United States. It’s functioning over a pond since April 2011 (picture above and below). Thus, there is nothing original about the idea of solar panel over water nor Gujarat is first to implement that.Forget 2,400 MW, not even 2MW is a reality.In last one & half year, after 1MW launched in April 2012, not a even one MW more is added. At best there are few “announcements” of Gujarat government to fund 10-20 MW. No news of any further construction as of now. Perhaps Gujarat’s bureaucracy knows; the whole thing was just a publicity stunt, why waste more money on this one.The 0.75 km is the total length of the existing canal top solar panels; somehow fan boys are convinced that 1,900 km (2,500 times) is being covered on war footing and try to force this lie with full rhetoric over anyone skeptical.Just to add, the original purpose of Narmada canals, to bring water to parched lands of Gujarat (a high priority task for any Gujarat CM), as of now remains way behind schedule. Only 35% of the total 75,000 km canal work is complete and in Modi’s 10 years as CM, 10,000 km is dug. Modi’s announced deadline of year 2010 for the task expired 3 years back.I ) FALSE MODELS: Gujarat model of governance – Clean and corruption free.Comptroller and Auditor General (CAG) of India has come up with many reports on How Modi government gave undue benefits to corporates resulting in several hundred crores loss to exchequer. CAG reportApart from this, there are many allegations of him providing land at Rs 1 sq/ft to Adani , 17 scams of Gujarat govt can be read here – > 17 Scams that Narendra Modi doesn’t want to talk.j) Gujarat has lost zero man days due to labour unrest (strikes, lockouts etc.), Modi ji in his videos and his speeches many times claimed the same.Plain lie : Check the annual report of Union finance ministry – The economic survey for the year 2010/11 (page no. 235 – 236), It clearly shows the “maximum incidences” of strikes and lockouts were recorded in Gujarat. Wage and allowance, bonus, personnel, indiscipline and violence were the major reasons.k): Somethings that are not spoken about.a. POVERTYThere are some things which Modi doesn’t tell you. In social sector, Gujarat is one of the worst performing states in the country. Source: Planning Commission Report on state Wise Population Below Poverty lineAnd this was not enough that. Now facts coming out that a person who earns Rs 11/ Day is not below Poverty line in Gujarat and so the person who earns below Rs 11/day are 24 lakhs in number. Read Rs 11/day and you are rich in Gujarat.These were my reasons, apart from that there are many reasons why I wouldn’t choose Modi as my PM. There are 24 hour trolling of BJP trolls on Twitter, Facebook. Their abusive nature and calling other parties with a bad name. Let’s know that showing disregard and abusing are two different things. Many of the journalists are being threatened if they say against Modi and they have shown disregard on Twitter and some of them even have been fired because they write against Mr Modi. Must read -> Why Sagarika Ghose can no longer criticize Modi.Apart from that, the silence of BJP on section 377, their links with LTTE funded Viako (please Google for that), Baba Ramdev’s and Subharamaniam Swamy’s dual nature forces me to not vote for Modi. Silence of BJP big wigs in Asaram Bapu case too is worrying . Apart from it, Wikileaks never said Modi as fully uncorrupt and the whole cable tells Modi to be communal and a ruler by few means and corruption in Oil refinery is evident.His all major schemes get failed.1 The Namami Gange schemeThe Modi government set up a separate ministry headed by Uma Bharti to oversee the work to clean and rejuvenate the Ganga. The Union Cabinet approved a budget outlay of Rs 20,000 crore for the mission - to be spent over the next five years under the Namami Gange Mission.This was almost ten times the amount allocated in the previous cleaning programmes - namely, the Ganga Action Plan phase I and II. The government also declared a 100% tax exemption for those contributing to the clean project in 2015-2016.However, a number of promises made under the ambitious project are yet to materialize. Take a look:Calling the 'Clean Ganga' scheme a failure, the National Green Tribunal slammed the Centre and Uttar Pradesh government for their failure to clean River Ganga in Varanasi.A major roadblock that the scheme is yet to overcome is the issue of sewage discharge into the river. Nothing concrete has been done so far to manage the massive waste disposal (2700 million litres a day (MLD) from all the cities located alongside the banks of the river.A major hindrance is the tussle between the Centre and the states. Most of the states through which the Ganga flows are governed by opposition parties. The scheme is now 100% centrally funded, but is still implemented by local authorities.Corporate houses in the country have shown no interest in funding the project under CSR. Data from the corporate affairs ministry has shown that among all projects of the Narendra Modi government, the Swachh Bharat and Namami Gange have received least amount of funding from private companies in the year 2014-15.The government plans to implement river-interlinking. However, environmentalists claim this could obstruct the natural ecology of rivers.India can’t afford another failure of gigantic proportions because 7,300 million litres of sewage is flowing directly or indirectly into the river every day and effluents from 764 polluting industries on the banks of the river are continuing to add to the problem.2 DemonetizationPrime objectives of Demonetization:Abolish the cash component of Black money. This was the major goal (over 99% weightage), estimated to bring in around 3.5–7 L Cr of total cash in circulation. But (as on 13th Dec 2016) with over 12.4L Cr (80%) currency already deposited out of 15.4L Cr (in 500, 1000 Rs notes) it’s clear that this goal has gone for a toss. Govt. (as on 4th Jan 2017) has not declared the numbers after 13 Dec 2016, it clearly points at the dire situation.However there is an advantage to it, much of this cash, was lying idle, has now entered the banking system and can now be put to use for development (if utilized properly).But since it happened suddenly, there is a huge disadvantage. Deposit rates have come down, so you won’t get less interest than you were getting earlier, but lending rates have not come down (As per latest RBI meeting), so housing or other industry activity will not get its advantage.Abolish Fake currency: The total fake currency estimated (by RBI) was around 400 Cr. which was 0.025% of total currency in circulation, making this a minor goal with <1% weightage. Surprisingly apart from mentioning it in initial speeches, Govt. did not released much data about this. And finally RBI confirmed that it has no confirmed data on fake notes.And within 3 months of Narendra Modi’s demonetisation move, fake Rs 2000 notes from Pakistan enter India.Fake currency will always keep getting generated and govt. has to keep reducing it. Advertising that such drastic change will end fake currency is just a stunt.All other objectives like terrorism etc. were dependent on these 2 prime objectives.B. Impact on Economy:In India, 94% transactions use to happen in cash. With 86% of currency notes suddenly out of circulation, most trade activities came to grinding halt for many weeks. Standing in ques for hours also caused sever loss of productivity. This caused hide loss to economy.As per CMIE 25 Nov. 2016 estimates there will be loss of 1.68 L Cr to the economy.Most conservative figures calculate the loss at 1% of GDP or 1.25L Cr. and some even count it at 2% of economy at 2.5L Cr.C. Social Impact:Job Loss: Demonetization has resulted in severe job losses. It’s hard to put exact number, but it runs in Millions. Here are few examples for it:Demonetisation-induced unemployment is pushing some in Bundelkhand to the brink of starvationMGNREGA hires plummet by 23% in NovemberConstruction workers return home as cash crunch heightensDeaths: Dozens of people have died due to one of the following reasons:a. Not getting treatment due to not having currency notes.b. Death while waiting in lines for Cash.c. Suicide due to conditions created by cash crunch.Though it is not an alarmingly high number, but for a family which lost even 1 member it’s devastating. And these death’s could have been averted with proper planning.Industrial output, tax numbers show note ban impactIt’s disheartening to hear that even as dozens of people lost their lives and millions got unemployed, some people still call it “minor inconvenience”?There are some social advantages to this too. Many people entered banking system for the fist time. This will increase bank savings in India, which is much required. But govt. Need to make people aware of this for long term results.Also some people became aware of digital transactions. This will increase the amount of accounted transactions. Which will marginally reduce corrupt practices and increase taxes.D: Digital Economy:Demonetization is not prerequisite for Digitization. It’s a separate activity and could (rather should) have been done earlier. But yes, not getting good result of demonstration compelled the government to look for alternatives and thats why it started talking about Digitization after 2 weeks of Demonetization.Lack of cash does gives a push to people to go digital but for the amount economy lost due to demonetization (1.25–2.5L Cr.), every Indian could have been incentivized by Rs 1000–2000 (very crude form) for going digital. And that would have much higher penetration than Demonetization.On other hand, if Digitization was planned properly, India had huge potential to start manufacturing the components to build digital infrastructure. One example is POS machines for cards are being imported in huge numbers mainly from China, could have been otherwise 'Made in India'. But ill planing gave such opportunities to foreign countries.If govt. is so serious about going cashless, why don't BJP declares that now they will take all donations only in cashless form (by cheque, DD, Online transfer etc.)? Why not practice what you preach?However there is a silver lining to this. Govt. was quick to realize the failure of demonetization, so it changed the focus and started pushing Digital money. This could have been done earlier also, but there was a lack of political will. Looming failure of demonetization, provided enough political will to push digital currency, even though the required infrastructure or awareness is not created by government. Penetration is still very low. But cash scarcity has Pushed some people to opt for digital currency. Which is good.E: Raids:Many raids were conducted during the exercise and it was widely covered on media. It felt like every corrupt person is raided and all black money will be recovered. But if we put the numbers in to prospective the total cash in old currency seized is 452 Cr, which around 0.1% of the estimated goal of over 3.5L Cr. So the catch was not as big as it was being portrayed.For undeclared asset, govt. could have conducted these raids any time. But yes, not getting desired results of demonstration “pushed the government” to conduct these raids, so there is some positive outcome.But again if we look at the flip side, new currency worth 110 Cr is also found in these raids, which points toward new avenues of black money being created. This is counter productive to the whole excise.The old black money is getting converted via various channels to new black money. And in the process it’s getting redistributed as black money to various people involved. On a lighter note this ‘redistribution’ is like “socialism of black money”.F. Corruption:Demonetization can only kill existing black money, that too only to some extent, it does not have any feature to end new black money from getting generated and as the raids suggest, that cycle has already begun. Creation of new black money while trying to convert old black money is a testimony to this.G. Long term Impact:Demonetization is not a structural policy change, hence it’s impacts (both +ve and -ve) are temporary and limited only to this event. Though the 2% loss of economy will have compounding ill effect in long term, but its very hard to calculate. While the advantages are mostly soft in nature, those fade off exponentially after the impetus ends.I don’t know why demonetization supporters are expecting long term changes without any policy change?Conclusion:Even if we over look the fact that only 3–7% of black money was in cash form (which is very less as compared to other forms). Isn't it a failure to achieve the main objective of demonetization?To make things worse it created a GDP loss of over 1.25L Cr. and a slew of other social losses?There are some benefits due to side effects, but those are either quite small as compared to the evident losses or could have been gained more efficiently by other less loss making methods. Overall it's a net loss to economy.3 Clean India CampaignThe specific objectives of Swachh Bharat mission areElimination of open defecationConversion of unsanitary toilets to pour flush toilets (a type of pit latrine, usually connected to two pits)Eradication of manual scavenging100% collection and processing/disposal/reuse/recycling of municipal solid wasteA behavioural change in people regarding healthy sanitationpracticesGeneration of awareness among citizens about sanitation and its linkages with public healthSupporting urban local bodies in designing, executing and operating waste disposal systemsFacilitating private-sector participation in capital expenditure and operation and maintenance costs for sanitary facilities.Source: Swachh Bharat AbhiyanNone of the objectives get fulfilled.4.Failure in creating new jobsThe India Exclusion Report 2016, released by the New Delhi-based Centre for Equity Studies (CES) on Friday, says that fewer jobs were created under the Modi government in 2015 compared to the previous government led by the Congress Party.Citing Labour Ministry Data, the report says that employment creation in 2015 plummeted to 135,000 jobs compared to 930,000 in 2011. "Yet more than half-way through his (Modi's) tenure, there are almost no jobs available. Job creation has fallen to levels even below those that the preceding UPA governments plunged to," the reportsays.The report also says that Dalits, Adivasis, Muslims and women, groups that have been traditionally oppressed, continue to be the most excluded from accessing public goods.Job Creation Under Modi Government Plunges To Levels Even Below The UPA Regime: Report5.Let us take Modi’s PET Smart City, the GIFT city and see it’s progress !! GIFT city is LIVING example of Modi’s LIES !!I guess 3 of 110 buildings have been completed in 9 years…another 107 buildings in 3 years is next to IMPOSSIBLE.2.7 percent work completed in 75% timeline ; do you expect remaining 97.3 percent will be completed in 25% time ?Coming to occupancy rate of 3 buildings, it is 82,12 & 6% ,Avg. occupancy = 33.33 % occupancy in 3 buildings (in spite of Modi forcing many PSUs and private companies to occupy these buildings) !!He is PhD in lying.2007: We will re-negotiate nuclear deal: BJP2014: Ahead of Modi’s US trip, IAEA pact ratifiedIAEA to get more access to India’s nuclear programme.Then: Narendra Modi opposes GSTBJP blocks GST because of Gujarat minister (Amit Shah): PMNow: Modi’s GST U-turn set to make India single market for first timeThen: 1962 Indo-China war secret report 'blames' Nehru; BJP demands the document be made publicNow: In U-turn, Modi govt rules out release of Henderson Brooks reportJaitley Wanted China War Report Declassified, Changes OpinionJaitley Deletes blog post demanding release of Henderson BrooksThen: No talks till Dawood and Saeed are handed over, demands BJPNow: Pakistan PM to attend inauguration of India's Narendra ModiThen: BJP warns against removal of AFSPA - The Times of IndiaNow: After Article 370, BJP does a U-turn on AFSPA in J&KThen: BJP wanted files on Netaji Subhas Chandra Bose made publicNow: U-turn: BJP govt won't make Netaji files publicBJP following Congress path in suppressing facts on NetajiThen: We'll bring back black money in 150 days: BJP presidentWill bring back black money in 100 days: BJP chief Rajnath SinghNow: Never talked about bringing black money in 100 days: GovtBlack money: Back to square one, list same as last June, says SITBJP falling into black money ditch: SIT report will embarrass ModiBlack money case: Most accounts cleared or closedHave BJP's white lies on black money been nailed?Then: UPA failed to deliver on promisesNow: Congress accuses BJP of U-turns on poll promises180 days, 25 U-turns by Modi government: CongressThen: Irony: Rape accused PJ Kurien heads for global meet on womenNow: Sexual assault: No question of minister's resignation, BJP saysThen: BJP to oppose land boundary agreement with BangladeshNow: PM Modi endorses UPA’s land swap deal with BangladeshThen: BJP attacks Robert Vadra over ‘inappropriate’ behaviourNow: Robert Vadra continue to enjoy security check exemptionsThen: BJP looking for clean candidatesBJP wants Chidambaram, Sibal droppedNow: Half of Modi's new ministers face criminal cases, majority crorepatis Government’s FCRA tweak plan to benefit BJP, Congress