ପୋଷ୍ଟ ସମୂହ

Showing posts from ନଭେମ୍ବର, 2016

Impact of Demonetization in India

ପ୍ରତିଛବି
On 8th November 2016, India prime minister Narendra Modi had declared the demonetization of 500 & 1000 rupees notes. After that historic sudden decision, the changes seen within Indian Territory, even beyond its boundaries... Maoists hit... No stone-pelting in J&K... Burning schools stopped in J&K... Corrupts are burning cash... Notes burnt by corrupts will reduce fiscal deficit as liability cancelled... Arhar dal crashes to Rs.80/-kg in UP... Kirana shops/Panwalas installing debit card machines... Municipalities making record recoveries of house tax... Bijli companies making huge record recoveries of past arrears... Medicine shops making big sales... Delhi Metro smart cards sales increase... Many businessmen recovering past dues as old as 4 years and getting advance for new orders... Huge opportunities for mobile wallets (Airtel Money, Vodafone mPesa, IRCTC wallet, Paytm etc)... Banks plush with funds.  Rs.3 lakh crore banked in 4 days!!! Cost of funds r