Demonetisation - A blessing or a curse in disguise? "Bhaiyya, 2 kilo gajar dena" *gives 2000 rupee note to the vendor* *vendor refuses to take the note and gives the customer a disgusted look* This is the scenario of the markets since the demonetisation rule has been implied. Gone are the days when 50 paise coins used to work, and now our dear old 500 and 1000 rupee notes … [Read more...]
Game Changer For The Indian Economy Is Here
8th November 2016 was the day on which our Prime Minister, while addressing the Nation, declared that higher denomination notes of 1000 and 500 would be tendered illegal from 9th November 2016. Come this announcement, and this has become the sole topic of discussion everywhere. Initially, I was quite pepped up with the decision. In my first reaction, I was all gaga over the … [Read more...]
Demonetization Is A Surgical Strike, But Do You Know On Whom?
साफ कहना आदत है हमारी झूठ सुन्ना फ़ितरत है तुम्हारी ~नज़रे इमाम Latest news: Indian sports fans can't watch Roger Federer and Serena Williams (who were due to feature in the International Premier Tennis League (IPTL) in action as they choose to skip the event due to demonetization of currency. Yes, it is the latest news and it might sound interesting to many but it is not … [Read more...]
The Greatest Problem Of A Cashless Economy – It Can Hit Harder Than What We Are Prepared For
The success, or failure, of the Demonetization will only become clear with hind-sight, but in the meantime, in order to fulfil our duty as an informed electorate, we must form our own opinions, which are to be based on more than just our adoration for our leader of any personal discomfiture caused by our government's policies; our opinions must be based on facts. While we … [Read more...]
Priceless Mileage Is Seen In Mobile Wallets Sector. And The Magnitude Is Pleasantly Shocking!
Demonetization has hit us in a big way, and has affected everyone in every strata of the society in some way or the other. It is a never ending debate whether the effects are good or bad, but the aftermath has definitely changed our perception of monetary transactions. Cash as a mode of exchange and transaction has suffered a setback due to the current demonetization decision. … [Read more...]