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Biggest Market Playssssers: Demonetization and GST: The past 2 years of 2016 and 2017 have been nothing short of path-defining years for major changes introduced in the management of finances and taxes in India. The first significant and somewhat controversial of these changes was the note-ban put into action on the 9th of November 2018. […]
On 8 November 2016, the Prime Minister unexpectedly scrapped Rs. 500 and Rs. 1,000 notes – accounting for 86% of cash, to what he tagged as the step to scrap-out black money and fake currency in the system. The primary aim was to retrospectively punish the tax evaders, fight counterfeiters, and stop terror financing activities. […]