EP-67 | Demystifying Rs 2000 note withdrawal, TCS, LRS & managing finance with Monika Halan

Рет қаралды 239,485

Күн бұрын

With the Reserve Bank Of India announcing the withdrawal of Rs 2000 notes from circulation as part of a currency management exercise and allowing people to exchange or deposit them in their accounts by September 30, 2023. People are in a fix over the procedure, the number of notes which can be exchanged by a person per day among others and what will be the fate of notes after the central bank's deadline. In this special edition of Podcast with Smita Prakash, the RBI's decision of Rs 2000 note withdrawal and its impact are discussed in detail with Monika Halan who is a financial expert and chairperson of the SEBI advisory committee for Investor Protection and Education Fund. Monika also talks about the controversy around TCS and LRS and the social media outrage which happened after a government decision came to fore.
#2000NoteBan #PersonalFinance #ANIPodcastWithSmitaPrakash #Podcast
The full episode is also available here:
Apple Podcasts: podcasts.apple.com/us/podcast...
Spotify: open.spotify.com/show/4JzBtHM...
Google Podcasts: podcasts.google.com/feed/aHR0...
Amazon Music: music.amazon.in/podcasts/19e5...
Linktree: linktr.ee/podcastwithsmitapra...
Timestamps:
00:00- Introduction
05:00- Rs 2000 note withdrawal controversy
19:00- TCS, Credit cards & LRS
25:00- SEBI & Hindenburg report on Adani
36:00 -Indian Women and Fixed deposit Vs Gold
48:00- Investment advice for Women and Youth
1:01:55 -2008 Global Crisis
1:07:30- Indian growth story & China
1:11:00- Modi govt’s macro policies in Election year
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Пікірлер: 469

@gauravshonik8562 Жыл бұрын

One ought not interject when someone as smart as Monika is speaking. This could have been a much better podcast had Smita been the only one interviewing. Still, thanks a lot.

@sparklinglotus Жыл бұрын

Yeah agree that the guy is kind of annoying actually

@PGS-ns7iy Жыл бұрын

It's her son, if i am not wrong.

@nirupasrinivas5364 Жыл бұрын

Yes I agree too

@apaararora2208 Жыл бұрын

Totally agree. And that’s why it is called “Smita Prakash” podcast. Big fan. But that constant interruption was not good. He was correcting her which I understand but we also knew the gist of the point Smita was trying to convey and those corrections were uncalled for. It’s one team. Not an argument to win. Just my two cents.

@ninab1789 Жыл бұрын

The guy interjecting is very annoying. You should never interrupt someone while speaking. Literally took over the podcast from Smita. He was only ever supposed to be a supporting cast yet acted like a lead interviewer. Also his questions were rubbish!

@ldnoida001 Жыл бұрын

Monica Halan's advice was brilliant. She speaks with such clarity and confidence. Her expressions are so positive and warm too. Keep up the good work all of you. Thank you Smita Prakash.

@dilchahtahai9232 Жыл бұрын

Brilliant talk... One suggestion though.. please don't complete the speaker's sentences.. let them speak ... They are invited here to talk and share their thoughts and learnings.. so let them and let's not speak over or interrupt their flow. Hope this suggestion is taken constructively.

@Growthhub3 Жыл бұрын

Bro just let her complete. She's the one we are here for. Just don't.

@samaya3532 11 ай бұрын

Exactly

@FreeYourImagination Жыл бұрын

The podcast would've been more interesting if Ishant Prakash was less vocal. It seemed as if he was interrupting Monika not just on responses to the questions posed to her but also commenting on his own questions. He needs to understand he is the interviewer and not the not the one being interviewed. And also his voice is so loud as if he's in an animated group discussion for a job interview where his voice needs to be heard to get through the next round.

@adityapatnaik7078 9 ай бұрын

Finally a good guest on ANI. Monika is a rare gem, who speaks her mind and corroborates the claims with credible numbers

@senturi9645 Жыл бұрын

The hosts are disturbing and interrupting Mrs HALAN sooooo much …..found it rude….not acceptable !!!!’ 14:21

@lawanyaarvind2810 Жыл бұрын

Great podcast as long as Ms Halan gets to speak..

@niketborade2 Жыл бұрын

Exactly

@peruvembaramu Жыл бұрын

Pragmatic talk by Mrs. Monika Halan. Thanks Smitaji. Hope much more people listen to these gems.

@Taeyangsmissingjacket Жыл бұрын

Love Monica Ma’am’s advice for women! Financial independence is hardly talked about in Indian households. Teach your kids about saving and investing. Thankfully, things are changing with the newer generations.

@srinivasan6532 Жыл бұрын

Couldn’t agree more

@rashmikarnawat6315 Жыл бұрын

Smita Mam Thank you so much for this eye opening session. But I would seriously request you to have a Part 2 for this to give us more knowledge n understanding of money matters.🙏🏻

@rush2vb Жыл бұрын

After so long I listened to a podcast in which someone has talked very frankly about economics. Great listen and thank you Monica halan and hosts

@amitkrmajumdar3633 Жыл бұрын

What an enlighting podcast.... Kudos to Smita to bring such informed financial expert Monica Halan along with her vast wealth of experience & knowledge.

@naraharisharma8667 Жыл бұрын

😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊

@harshmehta3089 Жыл бұрын

@@naraharisharma8667 1 1

@1991kpp Жыл бұрын

A very constructive podcast indeed. A lot of clarification was exchanged on various issues bothering the commoner. A big thank you to all of you and especially the expert, Monika Halan, for her simple clarifications on burning issues. 🙏

@kurianbabu2697 Жыл бұрын

Good speech

@himanshut114 Жыл бұрын

1:10:16 ..... Judiciary is the real blockade..... Court is a den of nepotism

@shubhamjadhav400 Жыл бұрын

Thanks for pointing ☝️

@arnabbiswas4832 Жыл бұрын

More than Monica Halan it was ishan who was speaking 😅

@maheshannam358 Жыл бұрын

Would have been much more better conversation if it’s one-one interaction. Presence of 3rd person is interrupting a lot

@amits1512 Жыл бұрын

why is this guy constantly interrupting while the guest is trying to speak..

@arjunps6776 Жыл бұрын

You don't know who he is 😂. Then you'll know why he interrupts.

@gauravbhan Жыл бұрын

Huge respect for the channel. But, the problem with the women such as our guest today is that rather than encouraging women to do better and sticking to that goal only, they start banishing men. I am all in for women, men, and young generation getting financial education and managing their money, but these people will slip in a conversation that puts the male gender down. Focus on making yourself better than putting other people responsible for your problems. Interestingly, these women do not have the capacity to hear an honest rebuttal.

@TheKansen Жыл бұрын

Amazing podcast. She speaks with so much clarity without any drama or show off. Thank You!

@STPT-SaiBaba Жыл бұрын

Smita, you are doing a great service to our nation.

@nagarajkulkarni5873 Жыл бұрын

Agree with observation that may be one person interviewing and discussing would be far better. Secondly, dont understand the anxiety and fuss of ' kon sa note bahar jayega'...i think the govt has demonstrated strongly of stabilising the currency flow. And ensuring that there is no inconvenience or shortfall to aam junta

@rohitbolia2185 Жыл бұрын

I absolutely love mam's podcast and wait patiently for new episodes. This was another great episode except the guy kept on interrupting. So freaking annoying.

@gauravpal4774 Жыл бұрын

Amazing podcast 💫 Ma'am, I listen to your every episode .. Your podcast is so informative and very authentic because you bring bright and nice people here.

@sudeshnaghoshal1511 Жыл бұрын

Monika ma'am book has big influence on my investing journey. Thank you Smita ji for this podcast.

@abhinavkumar3411 Жыл бұрын

It was a great podcast ma'am. The guest was well read and knew what she was talking about. Please bring more guest like them. 😄

@hyperspaceinvader8916 Жыл бұрын

Monika Halan has been a beacon of light in my finance education journey through her books. Her personal finance book has helped me create a solid base to start my financial journey with. I will always be grateful to her for that. Thank you ANI for bringing her on this podcast.

@uzwalkumarchatterjee7074 11 ай бұрын

Excellent interview....i so much hope and wish every indian - men , women and young adults view it and ponder over.... our nation needs skilled and positive minds , much more than religious and political affiliations.... Also , a Hats off to efforts by the government and an expectatio of less mistakes from their side... it will help shape our nation for the better. JAI HIND !

@davesprivatelounge Жыл бұрын

These podcasts are such excellent sources of information

@kksri14 Жыл бұрын

I am an Indian and live in the U.S. and am an avid listener of your podcasts. Reference to COVID relief provided by US Govt under President Biden and the student debt relief were done in a local context. There were good reasons behind both moves. I wish comments regarding these two in the podcast had been contextualized in the absence of which it appeared a bit cavalier.

@peeyushvibhu673 Жыл бұрын

Great conversation. Gave me a new perspective to plan my investment and understand govt. actions. Keep going ANI and Smita.

@sumitradas6241 Жыл бұрын

Great discussion , the speaker explains and dissects these two sudden sudden decisions so clearly . Not shy of critiquing Thanks

@maximus-ml7yc Жыл бұрын

I dont know who this guy is, spoils every podcast he is in. Smita does such a fab job.

@rajendraprasadavvaru1082 Жыл бұрын

This is very interesting discussion through three or four people around the table, instead of a cacophony of seven or eight people shouting at each other..👍🎉🎉🎉🎉🎉🎉🎉🎉🎉

@adidesrd 10 ай бұрын

One of the best podcasts on a topic that impacts one and all! Thank you Monika Halan !

@peruvembaramu Жыл бұрын

There is an incident in Mahabharatha that when Yudhiṣtira asked someone to come the next day, when that person had come for some charity, immeidately Bhima who was near him immedately rung the Common Bell and started making fun of his brother Yudhiṣtira, that he has won over Death. Yudhiṣtira immediately called the man who came for dāna and donated immediately. 🙏

@pandmmehta1972 Жыл бұрын

Excellent discussion

@nishantnadgyal589 Жыл бұрын

I really wish to see Monica mam again she just ticks all the interesting topics economics geopolitics wealth management and a unbiased view about government policies

@ramdevs9026 Жыл бұрын

Excellent Podcat Smitha! learnt a lot from the panel, keep them coming...

@jeetendrajoshi3751 Жыл бұрын

Very very thought provoking podcast shared with my beloved daughter and wife

@Being-Idle Жыл бұрын

Great Podcast loved it.😊

@rshas3 Жыл бұрын

The discussion about the soiled note theory was like a boat with a stuck rudder going round and round. At times all three were speaking simultaneously. Other soiled notes are replaced. The 2K was a temporary note. Probably a fixed amount was printed. Plain and simple.

@janlhab2329 Жыл бұрын

Keep up the great Work !!. Ms Smitha Prakash. I have to say this is the world's best video podcast in quality of content.

@Malshe 11 ай бұрын

Loved this one too. Monica Halan is clear, sharp and easy to understand.

@nagamanit530 4 ай бұрын

Such a beautiful interview. Thanks to Smith Prakash !!

@RandomVideoClix Жыл бұрын

You are a role model, Smithaji. Well balanced debate on an important matter that impacts the entire India.

@kantaprasad3208 Жыл бұрын

Very inspiring, enlightening and knowledge divulging about Stock markets.

@nmg1443 Жыл бұрын

I learned a lot in this poscast. Thank for bringing someone this knowledgeable (Monika Halan) to this podcast.

@sangeetasharma1243 Жыл бұрын

Thanks for the informative podcast.

@diva8962 Жыл бұрын

Thanks maam for all your advice 😊

@divyapriyadarshini3683 Жыл бұрын

We need to take responsibility for growth , for which we need to support strong political stability.

@sumitradas6241 Жыл бұрын

As an elderly person with some health issues and bad eyesight and some failing cognitive abilities, one has prefore to deal in cash . So we have cash drawn from bank and sometimes forget stuff . I know of persons who are very upright, honest salaried taxpayers who have to keep cash for convenience but kept small amounts somewhere safe and forget in the demonetisation . I fear that some of us will have 2000 notes but these will only be discovered after their demise . The fitfalls of presuming that everyone is young , up and about . This should be stopped, it causes tremendous inconvenience to honest folks

@dais85 Жыл бұрын

Like Monica’s clarity and in-depth knowledge on the issues discussed.

@pardeepshori3355 Жыл бұрын

Great refreshing counterpoint to what is being said of this being purely to hasten counterfeit

@csreddy1518 Жыл бұрын

very nice discussion.

@aparnagandhi8044 Жыл бұрын

Stop interupting her!

@venkateshr3634 Жыл бұрын

Very informative podcast

@dhaneshmalhotra4055 Жыл бұрын

Thank you Smita.

@satyendra3910 Жыл бұрын

Not many people are likely to have the 2000 rupee notes Exchange of notes should not have been allowed Those who don't pay tax should be asked to explain the source

@yourmom9608 Жыл бұрын

We have courts to give relief anyway

@devikumarkelkar6704 Жыл бұрын

Beautiful talk. Yeah. The interviewers need not intervene so much. She talks so well.

@madleon81 Жыл бұрын

India needs more hard work and better education guys… we get excited too quickly …

@ayushmalhotra123 Жыл бұрын

great podcast

@amitkeithcorrea1 Жыл бұрын

I think her point which states frequent changes in policy and additional regulation certainly affect a country's reputation and perception of its stability. It will have an effect on FDA (foreign direct investment) and may have other repercussions as well !

@dharmeshparikh7837 Жыл бұрын

Interesting Podcast.

@vidyakulkarni6899 Жыл бұрын

Long back I read an article 'अपनी पत्नी को विधवा समझ के अपने पैसो के मामले समझाएँ ' how true!!

@PrashantSingh-gk2wu Жыл бұрын

Another great episode.

@arununni Жыл бұрын

Very good episode. Good idea to now bring in Mr Dhirendra Kumar from Value Research Online to demystify Mutual Funds

@manojmunishwar210 Жыл бұрын

Smita a very good show thanks to Monika, one question..india being a family oriented nation need not reach high per capita

@meghnabansal Жыл бұрын

Wow what a podcast👏👏👏

@rajbaniwal3236 9 ай бұрын

Ms. Halan is a very bright mind. I totally agree with everything she said except that she spoke as a “Third Wave Feminist” when it came to women but at the same time gave credit to social customs, support of the family and what not. She didn’t need to bring this feminist thing into this debate unless she wanted to be in support of that. She isn’t. That bit sounded very superficial. Great mind and thoughts, hats of to her.

@VishNaik-cu8es 9 ай бұрын

I fully agree with Monica. I had my own brokerage firm, and I invested only in mutual funds and became a Lakho-pati. My wife and I are now surviving and traveling all over the world based on the investment returns. I feel that the good Lord has protected us, because of good karma.

@RameshPatel-ph3ie Жыл бұрын

arrived from the bank to notice construction workers cashing 2000 notes in big amount without giving details or PAN Card or Aadhar😮

@GaganMaheshwari0 Жыл бұрын

If needed, please have Ajit in the podcasts. He speaks only when required. This person disturbs the podcast flow.

@vikramrahulsingh Жыл бұрын

Very nice discussion. I don't agree with her opinions but she reasonably knowledgeable!

@nagatubein Жыл бұрын

Many of the question by the co-host were really not the standard set by Ms smitha .This show was spot on the topic. But such questions confused what is the topic of this episode. Having good guest on the , the miss was going around, 2000 rupees, investments, death, etc etc. Good financial topic would have been better with a good financial mind

@anilkulkarni8636 Жыл бұрын

When the government introduced rs2000 note it was certain that it will be taken out from circulation because it is easier to horde large amounts of money in the denomination of 2000 notes

@rohitkrishnamurti7098 11 ай бұрын

Investing Is one hell lot of subject . how To Start i don't know. Conversation is awesome .

@nandakumar5937 Жыл бұрын

Monica halan madam,i am your fan from many years.God bless you with health and prosperity.

@aalekhmaldikar Жыл бұрын

58.55 - That expression of Ms Smita Prakash, omg, I haven't thought about it even now!😢

@adilakshmic Жыл бұрын

It was a very interesting podcast and very useful as well. Monica brought out several useful points. I wish Smita was the only interviewer. Her colleague was just interjecting to demonstrate his knowledge on the subject. Bad interview behaviour

@taralshah100 Жыл бұрын

Time in the market is more important than timing of market

@shorts-yo6ew Жыл бұрын

awesome 👍

@sanketraghuvanshi Жыл бұрын

Very good podcast please bring her again and discuss more issues

@bdrajput1 Жыл бұрын

Really a high content....Tks for bringing this. I am a science student not much knowledge.....but do correct me on this lines on benefits of soing this: 1)If at all duplicate notes will be curbed. 2)Helps in liquidity. 3)Black money caught And ultimately helps economy of india. If i am right than i am prepare to go through the little pain for my country. Even pakistani eminent persons are appreciating this act of Our prime minister Mr Modiji. Please correct me if i am wrong.

@shobhakishore Жыл бұрын

Making a will and that "when I die" file is a show of love and care for your survivors for even when you are not around. I made a will before I was 40. My dad also made that file.

@michealanderson2282 Жыл бұрын

very sane person, require more financial advisors like Monica Halan.

@arjunps6776 Жыл бұрын

Had great expectations from this podcast as I've read Monika's book and articles. But it was completely spoiled by the hosts who don't seem to know much about finance. More discussion on personal finance was needed. I think ANI is better off discussing China, Pakistan, Hindutva and other popular office canteen talk. No wonder financial literacy is a huge problem in India. Even the most educated journalists don't get it. And please don't have a third person in the podcast. He interrupts so much.

@doctoranjaneyulu3875 Жыл бұрын

Exactly, the third person in this episode atleast is an unnecessary irritating interference

@arnipskumar3245 Жыл бұрын

If You want specific financial advise, you should go elsewhere. This podcast was just what most Indians needed...not expert financial advise but....the right discussion

@anandbiradarABB Жыл бұрын

Smita very good one...

@tanishqmairal Жыл бұрын

Amazing her books are the best...

@dgdilipdgdilip2959 Жыл бұрын

As regards 2k note , no one is bothered as common citizen. Do you big lines in front of banks? No. Then let people who have stashed money in cash worry about it .

@tanvikapoor86 Жыл бұрын

If someone is studying abroad & they have 2000 rupee in cash. How can they exchange that money from another country?

@raviprasad653 Жыл бұрын

This could have been one of the best podcasts, IF the guest had an opportunity to complete her train of thoughts. Pls allow the guest to be the primary speaker. + The third person in the discussion is not a good listener himself (to nod vocally to what is being said), as this not only interrupts the train of thoughts of GUSEST but also to us listening as words gets overlapped.

@harism5589 Жыл бұрын

There is advantage in putting money in 5 different banks if you live in US and have more than 250k amount in savings, checking or investment accounts. Because if a bank goes bankrupt, your money is safe and insured upto 250 k dollars. I do not know if there is such insurance in India.

@kosttavmalhotra5899 Жыл бұрын

very inspirirng

@sanjaygokhale1507 Жыл бұрын

Great 👍

@ashishbhatt7861 Жыл бұрын

Hey it's my favourite personal finance expert...

@stcoktin Жыл бұрын

Consider that Rs 1000/ notes account 86% currency aka liquidity just before demonetization and Rs 2000/ notes accounted for just 10.8% in March 2023. In an interview back then, Mr. Das had said that in future, RBI could consider withdrawing the 2000 note. I have read (Unconfirmed) that 50% of all transactions today are digital (large cities could be as high as 70%). That by 2026-27, we could be close to 90%. I think there were three unstated objectives since 2019 demonetization: (1) Uneathing black money (2) Stopping inflow of fake currency (I experienced in Nepal, where they refused to take even Rs 500 Indian notes in 2020, just before Covid,) Soiled notes is just the cover, I agree. Elections could be an issue as most of this currency goes into party coffers for distribution (ALL political parties). Check out who are the people really affected and you have the answer. I know many businessmen who switched political sides after demonetization. Good discussion.

@joshidivyen8136 9 ай бұрын

Hi Smita, I am a great fan of your podcasts... can these be in hindi... a large audience can be benefit from these podcasts

@sulabhagrawal80 Жыл бұрын

Well I live in UK and UK is also withdrawing the old nots of £50 and £20 and end of that exchange is coming in 2 months... They gave 1 year to change the same... Its a similar exercise in india.