Demonetization
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India S Demonetization Pros And Cons
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Author : Dr.V.V.L.N. Sastry
language : en
Publisher: Idea Publishing
Release Date : 2020-03-06
India S Demonetization Pros And Cons written by Dr.V.V.L.N. Sastry and has been published by Idea Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-06 with Business & Economics categories.
November 8, 2016 declaration by Indian Prime Minister, Narendra Modi that all 500-and 1000-rupee bank notes of the Mahatma Gandhi Series would ease being legal tender from midnight of 9th November 2016 was greeted with shock and dismay. India is, not the first country to demonetize its currency. Several countries have used the practice due to various reasons. The U.S., Ghana, Nigeria, European Union, Soviet Union, North Korea, and Zimbabwe are some of the countries that have demonetized their currencies. The reasons are almost similar to the reasons as to why India demonetized its currency. The Indian government claimed that the objectives of demonetization were to remove fake currency from circulation, tackle terrorism funding, left-wing extremism, remove black money, create a cashless economy, and to convert the informal economy into a formal economy. This was expected to help in expanding the tax-base and employment. However, demonetization had several disadvantages too. It reduced the level of cash in circulation. The cash-crunch was caused by the introduction of the Rs. 2,000 notes into circulation. This high value currency made it difficult to carryout financial transactions due to unavailability of other denominations to match the need for equivalent change. People could not make use of Rs. 2000 notes for to make small purchases. Demonetization also inconvenienced members of the public as the government only abolished certain currency from circulation and kept others. It necessitated people to spend a longtime queuing outside banks and cash machines to get new currency. People lost valuable time that they could have spent undertaking other economically productive activities. It also led to the slowdown of the economic growth while some people even engaged in fraud and corruption. Demonetization, for instance, also provided money changers an opportunity to convert black money to white at no cost. In reality, demonetization affected only a small proportion of the assets accumulated through illegal activities. Another disadvantage of demonetization is that it does not control the source of the illegal funds. This book provides background of demonetization details, pros and cons.
The Demonetization Phenomenon
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Author : Prabhat Pankaj
language : en
Publisher: Bloomsbury Publishing
Release Date : 2018-11-18
The Demonetization Phenomenon written by Prabhat Pankaj and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-18 with Business & Economics categories.
Confused about Demonetization? Not really sure what it was about? Do you have a vague idea but are not sure about certain aspects? Then this is the book for you. Discover the answers to all your queries here, as we explore: -Job prospects after demonetization -What demonetization means for you as a layman -Whether demonetization spells well for all economic classes -India's infrastructural support f or a digital economy -The reforms needed to support demonetization -Its impact on sectors as different as retail, real estate, telecom and banking The storm that swept away all your old currency may have settled down but the landscape it has left behind is a changed one. Inspiring not just a backlash and intense debates but new start-up opportunities, demonetization is still not ready to be relegated to the trash can of history.
The Big Reverse
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Author : Meera Sanyal
language : en
Publisher: Harper Collins
Release Date : 2018-11-10
The Big Reverse written by Meera Sanyal and has been published by Harper Collins this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-10 with Business & Economics categories.
8 November 2016 was a black swan event in Indian history. At one stroke, 86 per cent of the currency in circulation was demonetized, causing confusion, chaos and endless misery to the common Indian. While the Modi government claimed that it was the silver bullet that India needed to eliminate many of its longstanding problems such as black money, corruption, tax evasion and terror funding, the months that followed proved it otherwise. The return of 99.7 per cent of the banned 500 rupee and 1,000-rupee notes showed that the RBI's idea of Demonetization Dividend was nothing but a mirage. In the process, livelihoods of millions in the informal sector were destroyed, causing enormous distress to farmers and, traders and forcing many micro, small and medium businesses into bankruptcy. One of India's most respected bankers, Meera H. Sanyal provides the most comprehensive analysis of the policy, its execution and pitfalls. The Big Reverse presents unprecedented insights backed by data, history and research. And as a result, answers the questions that still continue to haunt Indians, on the what, why and how of demonetization.
India S Demonetization
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Author : V.V.L.N. Sastry
language : en
Publisher:
Release Date : 2019
India S Demonetization written by V.V.L.N. Sastry and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
November 8, 2016 declaration by Indian Prime Minister, Narendra Modi that all 500- and 1000-rupee banknotes notes of the Mahatma Gandhi Series would cease being legal tender from midnight 9th November 2016 was greeted with shock and dismay. The pronouncement demonetized the two banknotes. However, India is not the first country to demonetize its currency. Several countries have used the practice due to various reasons. The U.S., Ghana, Nigeria, European Union, Soviet Union, North Korea, and Zimbabwe are some of the countries that have demonetized their currencies. These countries demonetized their currencies due to various reasons. These reasons are almost similar to the reasons as to why India demonetized its currencies. The Indian government claimed that the aims of demonetization were to remove fake currency from circulation, tackle terrorism funding and left-wing extremism, remove black money, create a cashless economy, and to convert the non-formal economy into a formal economy, which would help in expanding the tax base and employment. However, demonetization had several disadvantages. It reduced the level of cash in circulation. The cash crunch was caused by the introduction of the Rs. 2,000 into circulation. This high value of the banknote made it difficult to carry out financial transactions as the transactions became difficult due to unavailability of equivalent change. As such, people could not use it to make small purchases. Demonetization also inconvenienced members of the public as the government only removed certain banknotes from circulation and kept others. It necessitated people to spend a long-time queuing outside banks and cash machines to get new currency. People lost valuable time that they could have spent undertaking other economically productive activities. Demonetization also led to the slowdown of the economic growth of India. It also created an opportunity for people to engage in fraud and corruption. For instance, it provided money changers with an opportunity to change black money into clean money at a fee. Demonetization affected a very small proportion of the assets accumulated through illegal activities. Another disadvantage of demonetization is that it does not control the source of the illegal funds. This paper will provide a background of demonetization and detail its pros and cons.
Demonetization Mirror Or Mirage
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Author : Ms. Geetanjali Shrivastava & Ms. Megha Pare
language : en
Publisher: Horizon Books ( A Division of Ignited Minds Edutech P Ltd)
Release Date : 2017-01-01
Demonetization Mirror Or Mirage written by Ms. Geetanjali Shrivastava & Ms. Megha Pare and has been published by Horizon Books ( A Division of Ignited Minds Edutech P Ltd) this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-01 with categories.
Ever since demonetization, Dr. Fr. John P J has been thinking about publishing a book. He tossed the idea to us about what it could be and how we could go for really formalizing it. It just seemed like a neat idea, and gave us a ton of latitude to take things in our own way and focused heavily on the conceptualization of the entire process that could provide useful information about the impact of Demonetization to a broad audience.
Demonetization And The Black Economy
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Author : Arun Kumar
language : en
Publisher: India Portfolio
Release Date : 2022-05
Demonetization And The Black Economy written by Arun Kumar and has been published by India Portfolio this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-05 with Business & Economics categories.
Demonetization and Black Economy gives a blow-by-blow account of what happened and what were it s effects. This is a powerful book by India's foremost expert on black economy and public finance. The book is a no-holds-barred look into what happens to a nation when its own government devalues its currency. Also find out what were the social, political and economic costs to the nation. This is a hardhitting look at demonetization, and why it could be one of the worst mistakes made by an Indian government with serious social, political and economic consequences. --
The Demonetization Phenomenon
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Author : Prabhat Pankaj
language : en
Publisher:
Release Date : 2017
The Demonetization Phenomenon written by Prabhat Pankaj and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Electronic funds transfers categories.
Demonetization
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Author : Pankaj Sharma (Engineer)
language : en
Publisher:
Release Date : 2017
Demonetization written by Pankaj Sharma (Engineer) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Demonetization categories.
Facts And Figures Of Demonetization In India Views Reactions And Impact
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Author : Ajit Kumar Roy
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2017-01-28
Facts And Figures Of Demonetization In India Views Reactions And Impact written by Ajit Kumar Roy and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-28 with categories.
Indian Prime Minister Narendra Modi has announced that the existing 500 and 1,000 rupee banknotes will be withdrawn from the financial system overnight. The surprise move is part of a crackdown on corruption and illegal cash holdings.The decision met with mixed initial reactions while some welcomed the move, hailed demonetisation as a 'revolutionary step', 'Surgical Attack/ fierce fight against black money and corruption', will bringing transparency and strengthen Indian economy. While critics call the move 'authoritarian', 'monumental mismanagement'. 'despotic action', 'hollow move',' witless', 'anti-people', 'major mistake', 'Sickening and Immoral' etc., and expressed skepticism about its outcome. The compiled book entitled 'Facts and Figures of Demonesisation in India-Views, Reactions and Impact' presents reactions of National and International media as well as views of noted Political Parties, economists, industrialist, corporate chiefs, entrepreneurs, bankers, educationists, film personalities and public. For convenience of readers the book is divided into the following chapters.1. The Theory of Demonetization 2.Facts & Figures of Demonetization of Indian Currency 3.Views and Reactions of Economists,Politicians,Experts on Demonetization 4.Costs and Benefits of Demonetization 5.Advantages and disadvantages of demonetization of Rs.500 and Rs.1000 currency notes? 6.Political Aspect of Demonetization 7.Tax Policies, Raids and Seizures -Post Demonetization 8.Visible impact of Demonetization 9.Demonetization and Terrorism 10.Scenario after 50 Days of Demonesisation 11.Frequently Asked Questions 11.ReferencesThe book being first of its kind may be considered as an essential one-stop guide for the concerned who are interested in in-depth understanding of demonetization and its short, medium and long time economic, social and political, impact in India.
Demonetization India S Cashless Economy
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Author : Prof. (Dr.) B. Uday Kumar & Mrs. K. Radhika
language : en
Publisher: Horizon Books ( A Division of Ignited Minds Edutech P Ltd)
Release Date :
Demonetization India S Cashless Economy written by Prof. (Dr.) B. Uday Kumar & Mrs. K. Radhika and has been published by Horizon Books ( A Division of Ignited Minds Edutech P Ltd) this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
In the developing economy like ours, the importance of Demonetization is to a great extent has been acknowledged by all specially when optimum utilization of resources is the crying need of the day. in the view of this, this topic is gaining importance and thus has been included in the curriculum of Telangana state. This book has primarily been written in the simple language and in a lucid style with a view to explain to the society. numerous examples have been incorporated in this book to illustrate the basic principles of the subject. A good number of practical problems with examples are mentioned in this book by common people.