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Showing posts with the label property prices

RESTRUCTURING INDIAN CURRENCY - MODI JI, THE MASS HERO

RESTRUCTURING INDIAN CURRENCY - MODI JI, THE MASS HERO Scraping of Rs. 500 & 1000 notes from midnight of 10.09.2016, is a historic & very bold move taken in the national interest by our Prime minister Sri. Narendra Modi. Like one shot two birds, it will curb corruption, inflation and at the same throw external challenges. In fact it is real surgical strike on parallel economy and roots of terrorism, both killer diseases. The first historic decision to scrap higher denomination currency took by Late Morarji Desai in 1978 (scrapping 10000, 5000 & 1000 notes) to curb corruption. But the present decision is more challenging and will have real impact on entire nation, as the Rs.500 note is the currency ruling the roost at present.  In 1978 hardly any common man new about the higher denomination notes in circulation. I am sure it’s first impact will be on soaring property prices in urban India. As our country has limited land with second largest population, natu...