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Showing posts from May, 2021

Extinction of Rs. 2,000

When was the last time you have seen Rs.2000 note ? If so, how many ? RBI introduced Rs. 2000 notes in 2016 for cash availability during demonetization and stopped printing them by the end of 2018. The recent RBI annual Report, states that, the volume of Rs. 2000 notes in circulation have been drastically felling from 3 lakhs in 2019 to 2 lakhs volume in 2021. They are trying to get back Rs, 2000 notes very desperately. All this time, it has been known by the public shortage of Rs, 2000 notes and started storing cash in terms of Rs. 2000 notes mostly. There are few articles on 2000 NOTES "The mystery of disappearing Rs. 2000 notes" and "Dying notes". Currently the value of Rs. 2000 notes in circulation are Rs. 17.3 Crores from Rs. 31.2 Crores in 2019. Value of 13.9 Crores value of Rs. 2000 notes have been sucked from the circulation. At the same time, Rs. 500 notes are at a growth phase of 19.8 lakh to 31.1 Lakh volume of Notes. This volume has been increased due to

SWAMIH

  Nirmala Sitaraman handed over 640 houses funded under SWAMIH and 12400 houses are expected to be completed in the coming year. We need to know about SWAMIH. Special Window for Affordable and Mid-Income Housing. SWAMIH is an Alternative Investment Fund that was launched by Nirmala Sitaraman in November 2019. As real estate is under stress during the period 2019 to date and Financial institutions could not lend more, the alternative fund of INR 25000 Crores was created to provide the fund and completion of projects, which are RERA registered. Alternative Investment of SWAMIH was created for the completion of nearly 60000 homes across India. SWAMIH was funded by 14 investors. Government of India 50% amount to 12500 Crores, LIC, SBI each of 2500 crores each and 30% by private and public sectors. This is expected to give a big move for employment, Steel and cement industry as well as banks and NBFC. Interestingly, NRI's are also looking to buy property in India, due to better capital