Demonetisation In India defination history causes impacts for v/s against conclusion

1. Demonetisation
In India
Missile Man Of India
• Ananya Hajra
• Ronojoy Mondal
• Rinity Sharma
• Neha Upadhyay
• Spandan Kanjilal

2. What is
Demonetisation?
The withdrawal of a
coin, note, or precious
metal from use as
legal tender.

3. History and Background in India
1946 ₹ 1000 & ₹ 10,000 notes , were completely banned
1978 ₹1000 & ₹5000 were demoneitised
.

4. Motives
 To curb black money
To check fake
currency
To stop funding for
terrorism

5. Economist’s
View
“An organised loot and legalised
plunder“
-Dr. Manmohan Singh
“ Not a good idea “
- Raghuram Govind Rajan
“Unguided missile’, fired
‘unilaterally”
-Amartya Kumar Sen
AGAINST
FOR
“Useful method of flushing
out black money “
-Arvind Virmani
“Criticism of Demonetisation not
fact-based“
- Bibek Deb Roy
“ Bold step & and bigger than
GST “
- Surjit Bhalla

6. Effects on RBI
0
2,000
4,000
6,000
8,000
Cost of Production
3,241
7,965
4,912
Cost of Production (In Crores )
2015-16 2016-17 2017-18
65,876
30,659
0
10000
20000
30000
40000
50000
60000
70000
Net Dividemnd
Dividend Paid (In Crores)
2015-2016 2016-17
The RBI had spent Rs 3,421 crore in
2015-16 (July to June cycle).
The RBI report says that Rs 7,965
crore was spent in 2016-17.
In 2017-18, the amount spent on
printing notes stood at Rs 4,912
crore.
The RBI had transferred a surplus of
Rs 65,876 crore to the government in
2015-16.
The RBI paid a dividend of
Rs 30,659 crore, in 2016-17

7. Money In Market
Post-Demonetisation
2015-16
2017-18
17.94
17.96
17.98
18
18.02
18.04
Total
17.97
18.03
Circulation Of Money (Rupees in Lakhs)
2015-16 2017-18
The share of high
denomination currency notes
was 86.4 per cent at the time
of Demonetisation.
The RBI says that the share of Rs
500 and Rs 2,000 notes is 80.6 per
cent.
This indicates a 5.8 per cent
increase in the use of small
denomination currency notes.

9. Negative Impact

10. SUCCESS
FAILURE ?Re-acceleration of export growth and
deceleration of import growth
Rs 2.8 lakh crores less cash and Rs 3.8
lakh crores less high denomination
Income tax collections increased
Studies have pointed out that
very little black money was
caught
Due to the inability to pay cash to
poor daily wage workers, the small
employers have stopped their
business activity
Demonetization is the 2 way sword
in regard to incurring the public
expenditure
OR

11. CONCLUSION
The Prime Minister’s initiative has led to the emergence of an army of
citizens against corruption.
Now the need is to meticulously plan and
intensify the battle of corruption and take it to
victory, once for all.