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VIA conducts a seminar on After effects in India and World Economy with demonetisation policy

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Dr V Aditya Srinivas, chief operating officer and chief economist from BSE Brokers Forum and Dr TS Rawal, chartered accountant from Nagpur, spoke during VIA’s seminar on After effects in India and World Economy with demonetisation policy. The seminar was conducted by VIA (Vidarbha Industries Association) Economy and Finance Forum at VIA auditorium, Civil Lines, on November 17, 2016. Apart from various members from VIA and other associations, businessmen, budding entrepreneurs, management students, etc also attended the seminar.

The government recently, in a bold move, demonetised the Indian economy to counter attack black money through which, a parallel economy was being run, said Dr V Aditya Srinivas.

V Aditiya Srinivas and T S Rawal were of the view that our national GDP would fall below 6% post demonetisation and the huge amounts of hard cash, through which purchases of FMCG (fast moving consumer goods) products were being made, has stopped momentarily. The circulation of our currency has come to a halt since demonetisation, which is slowing down our economy. Also, the workers in the sector of steel, aluminium, construction and real estate are not getting paid and as a result, work in these sectors have stopped.

Dr Tejinder Singh Rawal, said, Demonetisation is an act of stripping a currency unit of its status as a legal tender. The Supreme Court asked the Centre to file an affidavit giving the details of steps taken to ease inconvenience faced by the citizens due to long queues at banks and ATMs. The government’s move is bold in its intent and massive in its measure. This is Modi’s biggest and historical move as a Prime Minister. The Indian economy just had a massive disruption (of demonetisation) overnight!

Photos by: Himanshu Pal

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Nagpur Next

1st COVID-19 case in Ramdaspeth crops up near Cabinet Minister Vijay Wadettiwars residence

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5 years ago

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Radhika Dhawad | Nagpur
Vijay Wadettiwar

For the first time, a resident of Ramdaspeth tested positive for Coronavirus on Saturday. The patient, who is said to be residing in an apartment near Cabinet Minister for Relief and Rehabilitation in the Maha Vikas Aghadi and senior Congress leader Vijay Wadettiwars residence (behind Tuli Imperial), is said to be a middle-aged woman. 

The patient is reportedly connected to a resident from Mominpura. However, nothing concrete as of now can be said about the same. More details are awaited.

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Nagpur Next

Nagpur: 91 test positive in 24 hours making COVID-19 tally rise to 1266

Published

5 years ago

on

June 21, 2020

By

Radhika Dhawad | Nagpur

Nagpur COVID-19 tally as on June 20 rose to 1266 after 91 people tested positive for the virus in past 24 hours. Out of the total 91, while 69 patients belonged to Naik Talao/Bangladesh, 11 from Shantinagar, four from Lashkaribagh, three from Ganeshpeth, one from Uppalwadi, one from Ramdaspeth, one from Mehendibagh and one belonged to Mominpura.

Out of the total, 823 have been cured and over 333 are currently being treated upon.

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Nagpur Next

Nagpur man discovers 4-month-old foetus in gutter; cops suspect illegal abortion

Published

5 years ago

on

June 20, 2020

By

Nation Next Newsroom | Nagpur

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Police inspector Sunil Chavan told Nation Next that a four-month-old foetus, wrapped in a cloth, was found lying inside a gutter near a house on Thursday night in Pardi. Chavan also informed that the foetus was sent for an autopsy to Mayo Hospital and the reports are awaited. Police have suspected the possibility of abandonment after an illegal abortion. 

A case has been registered under Section 318 (Concealment of birth by secret disposal of a dead body) of the Indian Penal Code (IPC) on the basis of a complained filed by Tumane. 

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