Tag: black money

  • Magicbricks Now to reveal corruption on 5pm show today

    Magicbricks Now to reveal corruption on 5pm show today

    MUMBAI: In an investigation conducted across different locations in Mumbai, Magicbricks Now has made some shocking revelations from the sector. The industry still continues to accept payment in black. The channel will air this sting operation called Black In Demand today at 5 pm.

    While the government’s sudden decision to ban the 500 and 1000 rupee notes has sent shock waves across the country, real estate seems to be the industry that remains unaffected by this massive change. The show will see how builders are redeveloping their cash reserves with new notes.

    To examine the ground reality, the channel’s team of reporters visited a number of projects, posing as home buyers and met with several builders from the industry. The findings of this investigation were startling.

    The sales force of several developers offered discounts to customers if a certain percentage of the flat cost is paid in cash. On probing further, they offered customers a larger time-frame of payment extending until February next year if the payment was made in new notes.

    They were more than willing to accept the defunct old notes at a premium if payment was made in the next few days. The old 500 and 1000 notes are being accepted at a daily spot trading rate that decides the premium on these notes.

    The sensational demonetisation drive has caused distress among citizens from all walks of life and made everyone sit up and take notice. More than thousands are lining up at ATM’s everyday and even more sweating it out to exchange their old currency at the banks. Yet, a majority are willing to put up with this short-term inconvenience for what’s believed to be for the long-term good of the country.

    Even though amongst all industries it was expected to affect, real estate was widely expected to get the worst hit of them all. However, the loophole in curbing black money stands exposed and tells us a different story.

  • Magicbricks Now to reveal corruption on 5pm show today

    Magicbricks Now to reveal corruption on 5pm show today

    MUMBAI: In an investigation conducted across different locations in Mumbai, Magicbricks Now has made some shocking revelations from the sector. The industry still continues to accept payment in black. The channel will air this sting operation called Black In Demand today at 5 pm.

    While the government’s sudden decision to ban the 500 and 1000 rupee notes has sent shock waves across the country, real estate seems to be the industry that remains unaffected by this massive change. The show will see how builders are redeveloping their cash reserves with new notes.

    To examine the ground reality, the channel’s team of reporters visited a number of projects, posing as home buyers and met with several builders from the industry. The findings of this investigation were startling.

    The sales force of several developers offered discounts to customers if a certain percentage of the flat cost is paid in cash. On probing further, they offered customers a larger time-frame of payment extending until February next year if the payment was made in new notes.

    They were more than willing to accept the defunct old notes at a premium if payment was made in the next few days. The old 500 and 1000 notes are being accepted at a daily spot trading rate that decides the premium on these notes.

    The sensational demonetisation drive has caused distress among citizens from all walks of life and made everyone sit up and take notice. More than thousands are lining up at ATM’s everyday and even more sweating it out to exchange their old currency at the banks. Yet, a majority are willing to put up with this short-term inconvenience for what’s believed to be for the long-term good of the country.

    Even though amongst all industries it was expected to affect, real estate was widely expected to get the worst hit of them all. However, the loophole in curbing black money stands exposed and tells us a different story.

  • Subhash Chandra files defamation case against Delhi CM

    Subhash Chandra files defamation case against Delhi CM

    NEW DELHI: Subhash Chandra, Chairman of Essel Group and Zee, has filed a criminal defamation case in a Delhi court last week against Delhi’s Chief Minister Arvind Kejriwal.

    The plea, filed in Patiala House Court, said that while addressing a press conference on 11 November, 2016 — four days after PM Modi announced demonetisation of Rs 500 and 1000 notes to arrest the rising menace of black money — Kejriwal made “false, fabricated and defamatory allegations” against Chandra alluding that he had amassed black money.

    According to the complaint, the Delhi Chief Minister had “defamed the complainant (Chandra) by making inherently defamatory statements and caused serious harm to his reputation by imputing behaviour incompatible with proper conduct and suggestions of involvement in illegal activity.”

    Kejriwal had been slapped with a similar complaint in Delhi High Court by Finance Minister Arun Jaitley who had said that allegations were made against him without any basis and which amounted to character assassination.“There are many decisions in life that you don’t want to take initially, but you’re left with no other option except that. Personally, I didn’t find any happiness in doing what I have done; in fact it pained me a lot,” in a Facebook post on Sunday Chandra said, adding, “I have had differences of opinion with him (Kejriwal) on numerous occasions but never have I stooped so low and passed any personal remarks on him.”

    public://FullSizeRender.jpg

    Sometime back Chandra had created a stir in the media with his support to the government-imposed one-day ban on NDTV India news channel for breaching content code related to national security issues that was subsequently withdrawn. He has also openly favoured the government’s move on demonetisation — criticised by many as an ill-thought and badly implemented move that has hobbled a large swathe of Indians — saying in the long run the initiative would benefit the country.

    Pointing out that he had supported the Delhi CM’s various initiatives, including the odd-even number formula to check vehicular pollution in Delhi area when many had ridiculed the move, Chandra said, “I was one amongst the few and the first to have appreciated his move. Not because of any ulterior motive like his, but for the interest of Delhi-ites. Was I having `black money’ even then?”

    “What if I say that the Delhi CM had indulged in malpractices to win the Delhi election and he had taken bribe from the Congress Party to contest against Prime Minister Modi in Varanasi and he had paid and hired people to assault him in public and so on. I know all of this is false and so I will never question his integrity and make such personal and baseless remarks. Similarly, what gives him the right to do so?” quipped Chandra, a Member of Parliament of Rajya Sabha or Upper House.

    He further went on to ask: “Just because I run a news organization with which he (Kejriwal) is not in good terms or because I, like the whole nation, welcomed the Prime Minister’s demonetization masterstroke or because now I’ve been elected to the Rajya Sabha (public servant), gives him the right to hurl personal abuses?

    “And if he or his social media warriors or other AAP (Aam Aadmi Party) cadres, who have always found some pleasure in abusing me, are reading this then I want to humbly tell them that kindly convey it to the Hon’ble Delhi CM who enjoys your support that I never have and never will take any attack on me lightly. It wasn’t an attack just on me but the 10,000 colleagues of mine and the billion hearts and lives that we have touched. Come what may, any further baseless and allegation and remark will be dealt under the provision of law, of which I am a firm believer, unlike the Honourable Chief Minister.”

    Chandra’s parting advise to Kejriwal in Hindustani that translates into English as: People who live in glass houses shouldn’t throw stones.

     

  • Subhash Chandra files defamation case against Delhi CM

    Subhash Chandra files defamation case against Delhi CM

    NEW DELHI: Subhash Chandra, Chairman of Essel Group and Zee, has filed a criminal defamation case in a Delhi court last week against Delhi’s Chief Minister Arvind Kejriwal.

    The plea, filed in Patiala House Court, said that while addressing a press conference on 11 November, 2016 — four days after PM Modi announced demonetisation of Rs 500 and 1000 notes to arrest the rising menace of black money — Kejriwal made “false, fabricated and defamatory allegations” against Chandra alluding that he had amassed black money.

    According to the complaint, the Delhi Chief Minister had “defamed the complainant (Chandra) by making inherently defamatory statements and caused serious harm to his reputation by imputing behaviour incompatible with proper conduct and suggestions of involvement in illegal activity.”

    Kejriwal had been slapped with a similar complaint in Delhi High Court by Finance Minister Arun Jaitley who had said that allegations were made against him without any basis and which amounted to character assassination.“There are many decisions in life that you don’t want to take initially, but you’re left with no other option except that. Personally, I didn’t find any happiness in doing what I have done; in fact it pained me a lot,” in a Facebook post on Sunday Chandra said, adding, “I have had differences of opinion with him (Kejriwal) on numerous occasions but never have I stooped so low and passed any personal remarks on him.”

    public://FullSizeRender.jpg

    Sometime back Chandra had created a stir in the media with his support to the government-imposed one-day ban on NDTV India news channel for breaching content code related to national security issues that was subsequently withdrawn. He has also openly favoured the government’s move on demonetisation — criticised by many as an ill-thought and badly implemented move that has hobbled a large swathe of Indians — saying in the long run the initiative would benefit the country.

    Pointing out that he had supported the Delhi CM’s various initiatives, including the odd-even number formula to check vehicular pollution in Delhi area when many had ridiculed the move, Chandra said, “I was one amongst the few and the first to have appreciated his move. Not because of any ulterior motive like his, but for the interest of Delhi-ites. Was I having `black money’ even then?”

    “What if I say that the Delhi CM had indulged in malpractices to win the Delhi election and he had taken bribe from the Congress Party to contest against Prime Minister Modi in Varanasi and he had paid and hired people to assault him in public and so on. I know all of this is false and so I will never question his integrity and make such personal and baseless remarks. Similarly, what gives him the right to do so?” quipped Chandra, a Member of Parliament of Rajya Sabha or Upper House.

    He further went on to ask: “Just because I run a news organization with which he (Kejriwal) is not in good terms or because I, like the whole nation, welcomed the Prime Minister’s demonetization masterstroke or because now I’ve been elected to the Rajya Sabha (public servant), gives him the right to hurl personal abuses?

    “And if he or his social media warriors or other AAP (Aam Aadmi Party) cadres, who have always found some pleasure in abusing me, are reading this then I want to humbly tell them that kindly convey it to the Hon’ble Delhi CM who enjoys your support that I never have and never will take any attack on me lightly. It wasn’t an attack just on me but the 10,000 colleagues of mine and the billion hearts and lives that we have touched. Come what may, any further baseless and allegation and remark will be dealt under the provision of law, of which I am a firm believer, unlike the Honourable Chief Minister.”

    Chandra’s parting advise to Kejriwal in Hindustani that translates into English as: People who live in glass houses shouldn’t throw stones.