Menu
Demonetisation of 500 & 1000 rupee notes
Dear Sir,
I just wanted to know the impact of the decision of scrapping of 500 & 1000 rupee notes on market and economy of India in brief. And I also wanted to know about the pros and cons of such decision.
Replies (1)
Generally, it has been appreciated by one and all, except some opposition leaders. Though its negative way of boost, but overall results will be positive in long run.
CARE’s View :::
In spite of the initial hiccups and disruptions in the system, eventually this change will be well assimilated and will prove positive for the economy in the long run.
Black money hoarders will definitely lose out, eventually boosting the formal economy in the long run.
Short term fall in real estate prices might benefit middle class citizens.
This move by the Government along with the implementation of the GST will eventually make the system more accountable and efficient.
Recent Threads
- TDS on purchase of property more than 50 lakhs
- Withdrawal from post NSS
- Section 10(11) or 10(12) of exempted income
- New income tax act
- Duplication of Interest on SCSS deposits in postof
- Declaration of foreign investment
- Parent buying property for major child
- LIC maturity amount filing missed
- Advice on income tax
- E filing thr net banking for AY2025-26
Related Threads
CAclubindia
