demonetization Archives - H&R Block| Blog

demonetization

November 23, 2016
Would demonetization of 500 and 1000 rupees note help to reveal the black money?

Would demonetization of 500 and 1000 rupees note help to reveal the black money?

The reigning government has delivered another massive blow on the parallel economy in the ongoing war against it. In an unprecedented move, government demonetized Rs. 500 and Rs. 1,000 notes with effect from November 9, 2016. Black money is like the legendary Greek monster kraken […]
November 14, 2016
Effect on Demonetization

Effect of Demonetization on Indian Economy

Some economists say demonetization will adversely impact India’s economic growth even as others believe the disruption is unlikely to be significant. Here is our take on how demonetization will impact Indian economy. 1) Effect on parallel economy The removal of these 500 and 1000 notes […]
November 14, 2016
Cash Withdrawal - Demonetization

Now You Can Withdraw More Money Daily

Here is a good news for all the citizens standing in queues outside ATMs and banks to withdraw cash. Withdrawal limit over the counter and from ATMs has been revised by the government on Sunday. From today onwards, you can withdraw Rs. 500 daily from […]
November 11, 2016
Currency Exchange

Currency Exchange – When? Where? How?

The sudden move by the government to demonetize 500 and 1,000 rupees notes has induced panic among the civilians. It promises to bring great benefits, but in the long run. The present situation is no less than chaotic for the public. People have a number […]