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Indian Currency

December 1, 2016
Recycling the Old Currency Notes

The old Rs 500 and Rs 1000 currency notes are gone but have you ever wondered what happens to those once they are out of the system? Don’t be surprised to learn that the piece of furniture you have been eyeing may well be made up of the same Rs 500 and Rs 1000 notes. While you are not going to go laughing all the way to the bank, you can be proud to have [...]Read More

November 16, 2016
Can India Really Go Cashless

Ever since the Indian Government has opted to take back notes of Rs. 500 and Rs. 1000 the number of people waiting outside banks and ATMs has only increased. A lot of people are still looking to get their old banknotes exchanged, get money for their daily expenses, and in such a situation it seems that plastic money – in the shape of credit cards and debit cards – could be the only way forward. [...]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 14, 2016
Note Ban Impact on Assembly Elections

  In poll bound states like Uttar Pradesh and Punjab, the Central government’s announcement for demonetization of Rs 500 and Rs 1000 notes seems to have caught political parties and their leaders off guard. A few months away from assembly polls, the announcement has come with imponderable negative meanings to them. While it may adversely affect electioneering campaign, involving huge money power, it may deeply hurt them where it matters: Donations. Drug smugglers, liquor barons, [...]Read More

November 12, 2016
Rumour of Salt Shortage Triggers Panic

Salt at Rs 400/kg? Wake up India, this is a crisis! Or, is it? Yesterday, thanks to rumours being spread about a looming shortage of salt in some parts of the county, rushing to the nearest grocery shop to stock up on salt was the order of the day. As a result, opportunistic shopkeepers began selling salt at prices that touched a peak of Rs 400/kg in many parts of U.P. The rumour generated panic [...]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



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