Impact of Ban on Rs. 500 and Rs. 1000 Notes/ By CA Rajeev K Sharma

Author. 1 Inflation will come down. 2 Demand of property will come down and dream of buying homes will come true because undue increase in prices of properties due in the past because of use of black money in purchase of properties. 3 A kind...

Impact of Ban on Rs. 500 and Rs. 1000 Notes/ By CA Rajeev K Sharma

Author.

1 Inflation will come down.
2 Demand of property will come down and dream of buying homes will come true because undue increase in prices of properties due in the past because of use of black money in purchase of properties.
3 A kind of economic emergency will be there for a month or for villagers, farmers who are not familiar with use of debit cards or ATM cards.
4 Limit of daily withdrawal of Rs. 4000 is too low as daily expenditure of middle class is around 750 to 1000.
5 Relief should have been to the telephone bill payment, electricity bill payment.
6 Those who are on the way, in the train for a journey will face huge trouble.
7 There is no restriction or limit on deposit of money in bank so money which can be explained to income tax can be deposited in the bank.

Date: 
Wednesday, November 9, 2016