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Demonetisation Impact

November 8, 2017
Demonetisation Anniversary

It has been exactly one year since Prime Minister Narendra Modi launched what has been decreed India’s greatest offensive against black money – the demonetisation of INR 500 (old) and INR 1000 notes. Delivered a bolt from the blue, the PM addressed the nation on Friday (8 November, 2016) at about 8 pm and said that the aforementioned currency notes would be withdrawn with immediate effect. The government also announced the introduction of new INR [...]Read More

June 7, 2017
farmers strike at mandsaur

Within days of Maharashtra contolling the farmers’ strike with a demand of loan waiver among others, the farmers led by the Rashtriya Kisan Mazdoor Sangh in Madhya Pradesh have now started strike on similar grounds. Things got out of hand on Tuesday, 6 June, 2017, as the farmers went on a rampage and the protest turned violent as a result of which the police opened fire resulting in the death of five farmers and critically [...]Read More

June 3, 2017
GDP PLUNGES TO 6.1 PERCENT

  After a more or less giddy ride of being the “the world’s fastest-growing large economy”, India for the first time since 2015 trailed China in the growth rate. The country registered a growth rate of 6.1% in the March quarter. This growth rate is much below the GDP growth of 8 per cent in 2015-16, 7.5 per cent in the previous year and the expected growth of 7.1% the current year. Demonetisation seems to [...]Read More

December 30, 2016
50 Days of Demonetisation - What now?

As the year draws to a close, all eyes are on 2017 now with hope for a better year than what 2016, and especially the last two months of 2016, presented. After making the historic announcement on demonetisation, Prime Minister Narendra Modi had asked for 50 days for things to improve and 31st December was announced as the last day for the public to deposit their demonetised currency in the bank. That deadline has now [...]Read More

November 23, 2016
Benami Property Law

Long queues of people outside banks, ATM centres and post offices for the exchange of notes and withdrawal of money has not dissipated across the country. Hoarders of unaccounted money, ‘hawala’ dealers, drug mafias, fake currency makers and others who have been hit hard by the demonetization move are heaping scorns on Prime Minister Narendra Modi. But wait! This is just the beginning of the drive against those who were running a parallel economy in [...]Read More

November 15, 2016
ways in which indians will convert their black money into white

Black money in layman terms is money earned by an individual in the black market, on which taxes have not been paid and is thus, illegal. While some reports claim that there is a total of US$1.06 trillion held illegally in the Swiss banks, the actual amount of black money deposited in foreign banks is still unknown. In a bid to curb the creation and flow of black money into the Indian economy, Prime Minister [...]Read More

November 9, 2016
Rs 500 and Rs 1000 Note Ban Impact on Economy, Real Estate, Gold & Jewellery and Others

Rs 500 and Rs 1000 Currency Notes Ban Impact PM Modi’s dramatic move last night has certainly left the country shocked and it’s now time to look at the gainers and losers from this major reform. Must Read : Features of New Rs 500 and Rs 2000 Currency Notes Gainers Demonetization of Rs 1000 note and the introduction of the new Rs 500 note will impact at least 90% of the cash circulating in the [...]Read More

November 9, 2016
Why has India Banned 500 Rupee Currency Notes

A Clear Vision In what is now being called a “Surgical Strike Against Black Money”, PM Narendra Modi announced last night that INR 500 and INR 1000 notes will no longer be considered legal tender. The reasons for such a sudden and drastic move are very clear. Black money hoardings (in cash) have now lost their value. Why was the move a sudden one? To preempt any action to convert the black money into gold, [...]Read More

November 9, 2016
Features of the New Rs 500 and Rs 2000 Notes

November 8, 2016 came as a bolt from the blue for people across the country even as they learnt they would not be able to use notes of INR 500 and INR 1000 as readily as they were able to do before and soon (by 31st March, 2017), these notes would be reduced to being mere pieces of paper as stated in an address by Prime Minister Narendra Modi. Read : Will India be able [...]Read More

November 8, 2016
Rs. 500 & Rs 1,000 notes cancelled

Rs 500 and Rs 1000 notes Scrapped! In a game changing move at 8 P.M. on November 8, 2016, PM Modi addressed the nation to announce that w.e.f midnight of 8th November all existing Rs 500 and Rs 1000 currency notes have been scrapped. These will now be replaced with new Rs 500 and Rs 2000 currency notes, which will be progressively introduced starting November 10, 2016. The Prime Minister acted on the advice of [...]Read More

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