Find it interesting how the Modi Govt has moved fast to checkmate the legendary Indian Jugaad
Jugaad: Buy gold with cash.
Govt Response: IT raids on Jewellers
Jugaad: Buy $ with cash.
Govt Response: IT raids on Hawala Dealers
Jugaad: Buy Appliances/Mobile Phones with cash.
Govt Response: IT scrutiny on all back dated purchases
Jugaad: Buy Railways Tickets with cash and then cancel and claim refund
Govt Response: All cancellations above 50K to be directly deposited in bank accounts
Jugaad: Buy Airline Tickets with cash and then cancel and claim refund
Govt Response: Only non-cancellable airline tickets can be purchased with cash
Jugaad: Rent out Jan Dhan accounts.
Govt Response: Not more than 50,000 Rs deposit in Jan Dhan accounts
Jugaad: Pay people money to stand in line and exchange cash.
Govt Response: Indelible ink to mark people exchanging cash
CHECKMATE
