Tricks Invented to Change Black into White!

Irony of the ban of high currency notes is that the ban finally targeted the poor in lieu of the real Black Money holders. Moreover the cash-rich people are busy devising innovative tricks to canalize their Black Money into the system. Enlisted tricks have been en routed here under.

* Black Money holders made agreements with the heads of the village and got their Black Money deposited in banks through the accounts of the villagers in the villages. As per the deals, 70% of the amount will be taken by the Black Money holders after a couple of months while the balance 30% will be kept with the village's head to have his share and commissions for other villagers. In Vijayanagaram alone Rs.1000 crores of Black Money turned as white. 

* Daily workers are depositing and withdrawing Rs.10,000 per day and are charging Rs.1000 as a commission. A good deal for them, as they hardly earn Rs.300 to Rs.500 as daily wages for their labour.

* Professors, lecturers and teachers are making their Black Money into white through their students. It is heard that students of Osmania and other universities are partying with the money earned through this unexpected business.

* Some of the companies and realtors are paying advance salaries to their employees and workers. These advances are ranging from 3 months to 8 months, a bonanza for employed, isn't it?

* The government announced Rs 4,000-cap on exchanging demonetised 500 and 1000 rupee notes for valid money till November 24. But the bank employees are distributing just Rs.1000 or Rs.2000 per head, and are paying limitless cash to Black Money holders. The bank managers and other employees are making good money with these deals.