bank

More than 1000 Citizens write to CM Devendra Fadnavis opposing proposed Aadhaar-Voter ID linking

The Times of India reported on July 22 that Maharashtra Chief Minister Devendra Fadnavis had written to India’s Chief Election Commissioner Sunil Arora regarding linking voter IDs with the Aadhaar number. The report quoted Fadnavis as saying “that this linkage will help prevent bogus and ensure that there is proper identification of voters”. A subsequent …

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Developer Bhoomi Arcade filed an undertaking to make good any losses suffered by the home buyers due to extension of stay 1

Developer Bhoomi Arcade filed an undertaking to make good any losses suffered by the home buyers due to extension of stay

Press Release The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed developer to give an undertaking that the firm will cover any losses suffered by five home buyers, who got refund orders for delayed possession last month, till the filing of an appeal with the appellate tribunal. On September 27, 2018, MahaRERA had ordered the …

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Grape season in peril in Nashik due to demonetisation

End of January marks the grape harvest season around Nashik. After falling prices after demonetisation led farmers to slash down standing tomato crops last month to make way for emergency sowing of wheat to eat, hope had rested on the grape crop coming up. However for all the reports in media about farmers adopting cashless …

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Going cashless or recapitalizing banks

A reckless war on cash – the real goal of #DeMonetisation

It isn’t just in India, that people are being forced to put money into banks. Banks worldwide are in trouble. Banks worldwide are needing bailouts. Demonetisation of notes is being considered as well as put into action in country after country – Europe (plan to not make 500 Euros post 2018), Venezuela (got reversed after …

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osmanabad-district-cooperative-bank

Extortion of inflated loans from farmers during #demonetisation

The Osmanabad District Cooperative Bank Ltd, has started sending notices to farmers with outstanding loans asking them to repay the loans or the bank would take socially humiliating measures against them. So far over 30 farmers in Nagur alone have received these notices; in the Lohara taluka, over 1000 farmers. The notices are dated 14th October 2016, however the farmers claim that they received them on the 23rd November 2016 (the notices are likely backdated, essentially rendering the one month notice meaningless). The farmers have been informed that unless the loans are repaid, they will begin to face recovery process in December.

Demonetisation compilation: some areas of impact of demonetisation

What follows is a compilation of excerpts from various articles describing the impact of demonetisation. Demonetisation effect: Cash crunch hits transport business hard The demonetisation exercise has put the trucking business, one of the largest unorganised, cash-based sectors in the country, in great difficulty. Operators say their truck transport business has been badly hit by …

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