Cash Deposits – The line that separates the white from the black

Cash Deposits – The line that separates the white from the black

So what’s with cash deposits after demonetization? Shortly after the announcement the government issues a list of do’s and don’ts and penalties regarding cash exchange and cash deposits. Panic ran rampant across the country as people worried about how they would be able to exchange the cash they had. After the exchange of notes was stopped on November 19th 2016, cash deposits hit a record high in the Jan Dhan accounts and in the accounts of individuals who had no history or previous record of transacting such high amounts. The…

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Demonetisation: Equities remain best bet; avoid exposure to gold, real estate

Demonetisation: Equities remain best bet; avoid exposure to gold, real estate

Domestic equity market has witnessed a slide in recent weeks even as there is widespread expectation that governor of Reserve Bank of India, Urjit Patel, will announce a cut in repo rate in the forthcoming fifth bi-monthly Monetary Policy statement on December 7 to spur growth. Sarbajeet K Sen The demonetisation exercise by the government has created negative impact on asset classes such as real estate and gold, with purchases slowing down in both. Domestic equity market has witnessed a slide in recent weeks even as there is widespread expectation…

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Demonetisation: How to manage cash crunch?

Demonetisation: How to manage cash crunch?

Here are some ways you can deal with cash crunch better. Salil Shah, a small businessman who had just landed back in India on November 15th from his visit to Dubai, was shocked by the scene on the streets of Delhi. There were long queues outside ATMs and most of them were already out of cash by 10.30 in the morning. Getting into any bank was virtually impossible as there were serpentine lines outside all banks and your waiting period would have been 5-6 hours. Even after that there was…

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Demonetization – Cashless or Cash- Strapped?

Demonetization – Cashless or Cash- Strapped?

Demonetization of the 1000/- and 500/- rupee noteswas a massive blow to the black money market in India. Some would call it a move to go Cashless and the right way todiscipline the counterfeit and parallel economies, while some would comment upon it asa temporary stall which does little towipe off corruption and black money.The dailies scream about people queuing outside ATMs and Banks to withdraw their hard earned money, while lauding the Prime Minister’s bold move. We have mixed opinions coming from experts with some of them stating that…

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