The Indian government’s decision to withdraw notes of Rs 500 and Rs 1,000 was intended to attack the black economy, keep a tag on transactions, and minimising cash transactions. A natural corollary to this was a likely hit to the real estate sector, which, for long, has been considered a refuge for unaccounted money. The…
It has been quite a few years that Avijit Roy lives in Pune. Originally from Kolkata, a city where he always wished to return, he wanted to buy a flat in a decent area. It was two years from when he lost his mother. His father expired when he was in college and since then…
In an unexpected move, RBI has recently scrapped currency notes of Rs 500 and Rs 1000 and announced the replacement of a new set of currency notes. These notes are being exchanged from banks and post offices across India. One can deposit such notes freely in one’s bank account. While the move caught everyone off…