2. Introduction
On November 8, 2016 Prime
Minister Narendra modi take decision to
banned the RS.500 RS.1000 notes. So ,
we are going to discuss about
demonetisation & its effects on Indian
Economy.
3. Objectives
1. To the needs of demonetisation in India.
2. To know effect of demonetisation on Indian
economy.
3. To understand the strategy behind making the
transformation.
4. To analyse whether a good output has resulted.
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4. METHODOLOGY
The Present study is based on primary & secondary data.
The primary data is collected from survey of respondents
in Parbhani district.
The secondary data is collected from books, journals and
internet.
The study is explained through graphs, tables and pie
charts. Don’t be
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5. Meaning: calling of currency from economy OR banned the
currency and introduce new currency
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7. History (world)
country year currency
India 1946 ₹1000& ₹10,000
United states 1969 $10,000 & $ 1000
India 1978 ₹1000,₹5000& ₹10,000
Ghana 1982 50 cedi's
Myanmar 1987 25,35,75 kyats
Australia 1996 All paper notes
Zimbabwe 2010 100 trillion dollar
India 2016 ₹500 & ₹1000 Don’t be
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8. About paper currency in India?
India is one of the democratic country where all
transaction are passed in paper currency. As on 28 oct 2016,
india was INR 177.7 lakh million paper currency in use.
39%
48%
9%
1%
1% 2% 0%
Paper currency
RS.1000
RS.500
RS.100
RS.50
RS.20
RS.10
RS.2 & 5
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10. Reasons for demonetisation in India?
2. 3.
1. India is world’s 76th ranked corrupt country.
2.In India, from 1984 to 2016, 1966 people are died &
16,620 injured in 82 terrorism attack.
3.Today India face fake currency.
4.Aware about digital transection.
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1.
4.
11. Benefits of demonetization
1.Fake currency out of circulation.
2.Increase in online transection by 22%.
3.Reduce in inflation.
4.Reduce in fiscal deficit.
5.Increase GDP by 1.5%
6.Reduce in Tax rate.
7.Income tax payer increase by 1.5%.
8.Control on unaccounted money holder.
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12. Demerits of demonetization
1.Scarcity of cash due to demonetization.
2.Shortage of cash.
3.Economic crises.
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14. Why India decide to make ₹2000 notes?
SUPPOSE A ONE PRINT MACHINE PRINT 20 NOTES IN 1 MIN
THEN,THE AMOUNT OF NOTES ARE AS FOLLOWS:
20 X 2000
Amt=40,000
20 x 1000
Amt=20,000
20 x 500
Amt=10,000
So, by printing 2000 notes government can supply money in less time
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15. Government Survey on Demonetisation
92%
8%
INDIAN PEOPLE
Agree DIS Agree
Source:Gov.survey2016
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17. Conclusions
The main motive of this move is to remove the black
money which is almost found in the denomination of 500 &
1000.
Due to demonetisation, there will be rise in country’s GDP.
There is decline in corruption.
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18. Suggestion
India should provide modern education .
India should make proper plan about terrorist attacks.
Government should aware people about modern electronic
transactions.
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MONEY
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