Demonetization…

Panch Tattva Wisdom

Friends,

The demonetization of rupee 500 and rupee 1000 notes has adversely affected the stock markets. The participants do have a cause of worry but best is to see this state of market’s panic as an opportunity.

There is perceived ill effect of on cement and steel industry as this measure would affect the prices of flats on selling block; it is true that it will affect the real state prices. But let us analyse it. The fall in prices will mostly reduce the component of black money in the transaction and overall price payable for flats. We know that many in our country don’t enjoy the luxury of buying homes while they earn their incomes in white money and pay taxes but always failed to compete viz a viz the hoarders of black money when they entered the real estate market. This now changes and makes them more competitive…

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