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Demonitazation
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- 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 theneeds 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. Don’t be GREEDY MONEY Doesn’t grown on trees
- 4. METHODOLOGY The Presentstudy 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 GREEDY MONEY Doesn’t grown on trees
- 5. Meaning: calling ofcurrency from economy OR banned the currency and introduce new currency Don’t be GREEDY MONEY Doesn’t grown on trees
- 6. History (India) yearcurrency governor Pm 1946 Dismiss ₹1000 & ₹10000 C.D Deshmukh 1954 Introduce ₹1000,₹5000 & ₹ 10,000 Bengal rama rau Jawaharlal nehru 1978 dismiss ₹1000,₹5000 & ₹ 10,000 I.G.Patel Morarji desai 2016 Dismiss ₹500 & ₹ 1000 Urjit patel Narendra modi
- 7. History (world) countryyear 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 GREEDY MONEY Doesn’t grown on trees
- 8. About papercurrency 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 Don’t be GREEDY MONEY Doesn’t grown on trees
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- 10. Reasons fordemonetisation 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. Don’t be GREEDY MONEY Doesn’t grown on trees 1. 4.
- 11. Benefits ofdemonetization 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. Don’t be GREEDY MONEY Doesn’t grown on trees
- 12. Demerits ofdemonetization 1.Scarcity of cash due to demonetization. 2.Shortage of cash. 3.Economic crises. Don’t be GREEDY MONEY Doesn’t grown on trees
- 13. 87% 13% Agree Disagree Discussions andAnalysis How many people Agree/Disagree
- 14. Why Indiadecide 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 Don’t be GREEDY MONEY Doesn’t grown on trees
- 15. Government Survey onDemonetisation 92% 8% INDIAN PEOPLE Agree DIS Agree Source:Gov.survey2016 Don’t be GREEDY MONEY Doesn’t grown on trees
- 16. Survey taken by TIMESOF INDIA Don’t be GREEDY MONEY Doesn’t grown on trees
- 17. Conclusions The mainmotive 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. Don’t be GREEDY MONEY Doesn’t grown on tree
- 18. Suggestion India shouldprovide modern education . India should make proper plan about terrorist attacks. Government should aware people about modern electronic transactions. Don’t be GREEDY MONEY Doesn’t grown on tree
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Editor's Notes
- #8 In 1996 Australia is become the first country in world who success in implement polymer note