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Demonetization                                                   By Mekala V Reddy on 3 rd Dec 2016 What is Demonetization & impact in India?             Money notes in circulation is going to be invalid Legally is called ‘Demonetization’!! ~86% of Indian currency notes (of Rs. 500 & 1000) are called back by Govt. of India on 8 th Nov ’16. This exercise helps to get complete currency to Banks (~16 L crores) …Govt. can spend ~5 L crores on infrastructure domain and also know how many are taxable people. This helps to improve Govt’s revenue in future years. What is Black-Money ??   Income illegally obtained is called Black-money using following ways: Expecting money (bribe) for the service they do – by Govt officials & Politicians Extracting more money, than eligible (hospitals, lawyers, real-estate, education etc.,)    Selling items with high price (above MRP). Most items MRP itself is too high. Accumulating money via illegal ways – chit’s, interest bu

This article is to create awareness while choosing our younger gen / Kids education path & spending. Avoid spending too much money (Rs. 50 - 80 L) on Engineering/ MS /MBBS . We need to enable our kids to plan their education path & enable them to get seat in good colleges in near by your area/district/state.  If the student is good & really interested, then encourage them to do Engineering/MBBS/MS can be done in public colleges or pretty good Pvt colleges. "Spend wisely...........enable your kids, instead of paying too much fee & limiting their scope" My observations: My recent visit to Engg. colleges in B'lore found that parents are ready to pay ~15 L (donation) + 5-6 L / yearly tuition fee i.e. 2-25 L fee for four years plus hostel fee - 2 L / yr. Approx. 50 - 80 L spending on Engineering degree !!?? for not so great standard campuses & jobs they are going to get (via campus hire)??!!!  Many students are joining MBBS in Private /other