Note Ban

Business, Government

January 2, 2017

Ever since the government of India undertook its demonetisation drive, withdrawing old Rs 500 and Rs 1000 notes from the system and placing restrictions on withdrawal of cash, people from across the country have been turning towards digital payments as the only viable alternative. From plastic money to instant bank transfers and from digital wallets to account-linked transactions, the country is exploring newer ways to go cashless. Digital wallets, also popularly known as mobile wallets [...]Read More

Business, Government

December 1, 2016

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

Government, India

November 16, 2016

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

Government, India

November 14, 2016

  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

Business, Government

November 9, 2016

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

Business, Government

November 9, 2016

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

Business, Education Blogs

November 9, 2016

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

Business, Government

November 8, 2016

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

India

March 30, 2015

Curbing the black money menace has remained the biggest challenge for almost all the governments we have witnessed since independence in India. The Income Tax act alone has proven to be a failure in tackling this widespread national issue, since various countries in the world provide havens to deposit the black money coming from India and so the lawmakers had to come up with a new law for tackling black money issue and it is [...]Read More