Economy

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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Friday, 9 December 2016 Delayed Ekta Parksville: Builder offers full refund plus 9% interest Mumbai, 9th┬áDecember 2016: Vineet Malik, a flat-buyer in Ekta Parksville aggrieved by the interminable delay in project completion and occupation certificate, received a pleasant surprise a couple of days ago. Ekta Parksville Homes Pvt Ltd sent him a letter that agreed …

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Why black money was never the real goal of #demonetisation

As per Arun Jaitley, the demonetised cash in circulation on the 8th of November was 15.4 lakh crores. The population of India is over 120 crores. (been six years since the census, but we go with this lower number). This averages to 12,833 thousand rupees per Indian. It may seem a lot, but the money …

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