The War On Cash Demonetisation
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The War On Cash Demonetisation
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Author : Khushboo Jain
language : en
Publisher: Educreation Publishing
Release Date : 2017-04-15
The War On Cash Demonetisation written by Khushboo Jain and has been published by Educreation Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-15 with Self-Help categories.
In the night Donald Trump was elected the next US president, one of his fellow nationalist populist politicians chose to implement at the stroke of midnight "demonetization" intervention which affected 85% of the money in circulation in India. It was an unprecedented move, whether in India or almost anywhere else, and it is by far Modi's boldest policy intervention to date. In a surprise TV address Narendra Modi, the Indian prime minister, announced that all 500- and 1,000-rupee notes would be withdrawn immediately from circulation. At a stroke Mr Modi rendered 85% of currency worthless outside a bank branch. Old notes would have to be exchanged for limited supplies of new currency. It was justified as a move designed to fight corruption and target people who have been dodging taxes by holding stockpiles of cash, known in India as "black money". This Book gives a complete analysis for Indian Demonitisation Scheme. Many initially saw the withdrawal of banknotes as a price worth paying to eliminate graft. The short-term impact of "demonetisation" has been dramatic: the $2 trillion Indian economy will shrink.While Mr Modi campaigned to end corruption, it would have been better if the government had updated its antiquated tax system to realise such a task. This book analyze and give the road ahead for Indian economy post demonitisation. Book further reviews large surplus liquidity post demonetisation led to a significant improvement in monetary policy transmission as reflected in a significant decline in deposit and lending interest rates.
The Curse Of Cash
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Author : Kenneth S. Rogoff
language : en
Publisher: Princeton University Press
Release Date : 2017-06-27
The Curse Of Cash written by Kenneth S. Rogoff and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-27 with Business & Economics categories.
“A brilliant and lucid new book” (John Lanchester, New York Times Magazine) about why paper money and digital currencies lie at the heart of many of the world’s most difficult problems—and their solutions In The Curse of Cash, acclaimed economist and bestselling author Kenneth Rogoff explores the past, present, and future of currency, showing why, contrary to conventional economic wisdom, the regulation of paper bills—and now digital currencies—lies at the heart some of the world’s most difficult problems, but also their potential solutions. When it comes to currency, history shows that the private sector often innovates but eventually the government regulates and appropriates. Using examples ranging from the history of standardized coinage to the development of paper money, Rogoff explains why the cryptocurrency boom will inevitably end with dominant digital currencies created and controlled by governments, regardless of what Bitcoin libertarians want. Advanced countries still urgently need to stem the global flood of large paper bills—the vast majority of which serve no legitimate purpose and only enable tax evasion and other crimes—but cryptocurrencies are like $100 bills on steroids. The Curse of Cash is filled with revealing insights about many of the most pressing issues facing monetary policymakers, from quantitative easing to alternative inflation targeting regimes. It also explains in detail why, if low interest rates persist, the best way to reinvigorate monetary policy is to implement fully effective and unconstrained negative interest rates. Provocative, engaging, and backed by compelling original arguments and evidence, The Curse of Cash has sparked widespread debate and its ideas have moved to the center of financial and policy discussions.
Note Bandi
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Author : R. Ramakumar
language : en
Publisher: Oxford University Press
Release Date : 2018-02-16
Note Bandi written by R. Ramakumar and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-16 with Business & Economics categories.
The demonetisation of November 2016 will go down in history as one of the most intensely debated economic policy interventions of the Indian state. With the abolition of the legal tender status of Rs 500 and Rs 1,000 notes, about 86 per cent of the currency in circulation stood withdrawn from circulation in the economy. The purpose, according to the government, was to stamp out counterfeit currency, unearth black money, and usher in a less-cash economy. This work analyses in detail the conception and implementation of demonetisation, its impact on different spheres of the economy and sections of the people, and various claims of the government vis-à-vis demonetisation. It tries to locate the two demonetisations of 1978 and 2016 within the broader questions of tax evasion and the generation and storage of black money in India over the last six decades. It has a comprehensive introduction, supported by writings from the archives of the Economic & Political Weekly.
Demonetisation Decoded
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Author : Jayati Ghosh
language : en
Publisher: Taylor & Francis
Release Date : 2017-03-16
Demonetisation Decoded written by Jayati Ghosh and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-16 with Business & Economics categories.
On the night of 8 November 2016, at 8:15 pm, India’s Prime Minister, Narendra Modi, announced in a televised broadcast to the nation that with effect from midnight, currency notes of denominations Rs 500 and Rs 1,000 would no longer be legal tender. In one stroke, this involved the de-recognition of over 86 per cent of the value of Indian currency in circulation with only four hours’ notice. This important book provides a quick and concise explanation of the goals, implications, initial effects and the political economy of this major demonetisation move by the Government of India. It clarifies key concepts and offers astute economic analysis to guide the reader through the various claims, arguments and critiques that have been made; highlights the complexities of the processes that have been unleashed; and examines the likely outcomes in the long term as well as those that are immediately evident. Timely and lucid, this book will interest students and researchers in the fields of economics, finance, management, law, politics and governance as well as policy makers, legislators, civil society activists and the media.
Of Counsel
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Author : Arvind Subramanian
language : en
Publisher: Viking
Release Date : 2018
Of Counsel written by Arvind Subramanian and has been published by Viking this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with India categories.
For nearly four years, Arvind Subramanian stood at the centre of economic policymaking in India. Through the communication of big ideas and the publication of accessible Economic Surveys, he gained a reputation as an innovator. Through honest pronouncements that avoided spin, he became a figure of public trust. What does it entail to serve at the helm of the world's fastest-growing economy, where decision-making affects a population of more than a billion people? In Of Counsel: The Challenges of the Modi-Jaitley Economy, Arvind Subramanian provides an inside account of his rollercoaster journey as the chief economic advisor to the Government of India from 2014-18, succeeding Raghuram Rajan as captain of the ship. With an illustrious cast of characters, Subramanian's part-memoir, part-analytical writings candidly reveal the numerous triumphs and challenges of policymaking at the zenith, while appraising India's economic potential, health and future through comprehensive research and original hypotheses. Charged with the task to restructure an insecure and fragile economy, Subramanian's trusteeship has seen the country through one of the most hotly contested and turbulent periods of economic governance and policymaking in recent decades-from the controversial recall of 85 per cent of circulated currency during demonetization to a complete overhaul in taxation with the introduction of the GST. Subramanian also addresses the overleveraging of public-sector banks, the fraught links between the state and private sector ('stigmatized capitalism'), the changing relationship between the state and the individual, and the ever-pervasive, life-threatening issues surrounding climate change. Recognized as one of the Top 100 Global Thinkers according to Foreign Policy magazine, Arvind Subramanian's Of Counsel: The Challenges of the Modi-Jaitley Economy is a deep-dive into the man, the moments, the measures and the means.
Demonetisation And Black Money
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Author : C. Rammanohar Reddy
language : en
Publisher:
Release Date : 2019
Demonetisation And Black Money written by C. Rammanohar Reddy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Demonetization categories.
The Power Of Money
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Author : Robert Pringle
language : en
Publisher: Springer Nature
Release Date : 2019-12-06
The Power Of Money written by Robert Pringle and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-06 with Business & Economics categories.
Innovation in money is just as important as innovation in any other sphere of activity; money is always a “work in progress.” In fact, history shows societies have tried out a wide diversity of monetary arrangements. Ideas about money have played key roles at crucial turning points in world history and during national histories. Recently, a new global money space has been created, a joint venture between the public and private sector. This book explores the new money society that has grown up to inhabit this new space. The book has several aims: Firstly, the book shows how beliefs about money, as well as attitudes and values towards it, have varied between societies and over time, and specifically how they have changed over the modern era. Secondly, the book shows the powerful effects that changing ideas have had on events, including wars and revolutions, recessions, booms and financial crises. Thirdly, the book recounts the creation of a global money space, dated to the last quarter of the 20th century, and explores its features. Fourthly, the book describes some characteristics of the new money society that inhabits the global money space. Fifthly, the book shows how each society, and indeed successive generations of the same society, has made its own unique arrangements to govern money – i.e. how it comes to terms with the power of money. The author argues that we need to develop a new arrangement now and suggests that we have much to learn from recent creative work in a number of fields ranging from the sociology of money to contemporary art. This approach sheds new light on a number of controversial issues, including the rise of crony capitalism, growing social divisions, currency wars, and asset price bubbles.
Building A Cashless Society
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Author : Niklas Arvidsson
language : en
Publisher: Springer
Release Date : 2019-02-22
Building A Cashless Society written by Niklas Arvidsson and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-22 with Business & Economics categories.
This open access book tells the story of how Sweden is becoming a virtually cashless society. Its goal is to improve readers’ understanding of what is driving this transition, and of the factors that are fostering and hampering it. In doing so, the book covers the role of central banks, political factors, needs for innovation, and the stakeholders involved in developing a cashless ecosystem. Adopting a historical standpoint, and drawing on a unique dataset, it presents an academic perspective on Sweden’s leading role in this global trend. The global interest in the future of cash payments makes the Swedish case particularly interesting. As a country that is close to becoming a cashless economy, it offers a role model for many other countries to learn from - whether they want to stimulate or reduce the use of cash. This highly topical book will be of interest to politicians, researchers, businesses, financial service providers and payment service providers, as well as fintech start-ups, regulators and other authorities.
The Economics Of Covid 19
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Author : Moosa, Imad A.
language : en
Publisher: Edward Elgar Publishing
Release Date : 2021-11-16
The Economics Of Covid 19 written by Moosa, Imad A. and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-16 with Medical categories.
This timely book explores the neglected risk in the advent of the Covid-19 pandemic, illustrating the ways in which four decades of neoliberal economic and public policy has eroded the functional capacity of states to handle catastrophic events.
Making Money
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Author : Christine Desan
language : en
Publisher: Oxford University Press, USA
Release Date : 2014
Making Money written by Christine Desan and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Business & Economics categories.
In this revisionist history of the development of the modern monetary system, Desan argues that money effectively creates economic activity rather than emerging from it. Her account demonstrates that money's design has been a project central to governance and formative to markets.