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Demonetization hits real estate builder prices, but not resale flats – report

Demonetization of 500- and 1000-rupee notes hurt the real estate sector in North India, while its impact on the sector in South India was negligible, according to Magicbricks’ PropIndex for Jan-March 2017.The report, brought out by the eponymous real estate classifieds site, also found that the builders were more willing to reduce prices

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Demonetization: Modi announces bumper prizes; 15 lakh users to get 1,000 rupees

Narendra Modi announced several 'prize schemes' to promote cashless transactions.Under the schemes announced today, there will be two sets of prizes for consumers and another for small merchants.Under the first scheme, any customer who uses any electronic form of payment, including wallets and debit cards, will qualify for a 'lucky

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Demonetization: Swaraj India says political parties could become money laundering centers

Swaraj India party today said the Income Tax department's decision to continue to provide immunity to political parties from having to reveal their sources could turn them into money laundering centers.According to Section 13(A) of the Income Tax Act, 1961, if you have registered a political party, you can deposit

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Domino’s Pizza starts cashless facility for phone orders

Domino's Pizza has started cashless payment facility for those who order by phone as well."Post demonetization, we have seen many customers choosing to order online. Consumers coming to our restaurants to dine in or carry out are able to pay With Credit caras or Wassets. However, there are many customers

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DEMONETIZATION: How some earned lakhs standing in queues

The government has banned over-the-counter exchange of old 500- and 1000-rupee notes due to suspected gaming of the system by those with black money. According to banking industry sources, the over-the-counter exchange system was being massively misused by hawala operators and others who had illegal funds to convert their old currency

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Rahul Gandhi seeks Parliamentary probe into ‘leak of information’ ahead of demonetization

Congress Vice President Rahul Gandhi dismissed charges that the opposition was not speaking in one voice on demonetization and said the entire opposition is united in their demands.Asked whether the opposition parties wanted a roll-back, Gandhi said there were only two demands -- one that Modi should speak in Parliament,

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