The document discusses the history and impacts of demonetization in India. It defines demonetization as replacing existing currency with new currency. India has demonetized its currency twice before in 1946 and 1978 by ceasing high-value banknotes. In November 2016, the Indian government launched a surprise demonetization by ceasing the use of 500 and 1000 rupee notes to curb black money. While this led to increased tax collection and pushed digital transactions, it also caused cash shortages and some deaths. The move had shortcomings like disrupting daily transactions and limiting cash flow.

1. BY:-
PINKI BHARTI
Demonetization

2. Content
 Meaning of demonetization
 History
 Latest demonetization in India
 Exchanging old notes
 Advantage of demonetization
- Tax collection
- Digital India
 Disadvantage of demonetization
- Cash shortage
- Deaths
 Short comings

3. Meaning of demonetization
Demonetization refers to change the
existing currency with new currency.
Demonetization is a generations
memorable experience and is going to be one
of the economic events of our time.

4. History
 India’s first demonetization was in January 1946,
banknotes of 1,000 and 10,000 rupees were ceased and
new notes of 1,000, 5,000 and 10,000 rupees were
introduced in 1954.
 The Janata Party government had again demonetized
banknotes of 1,000, 5,000 and 10,000 rupees on 16
January 1978.

5. Latest demonetization in India
 November 8,2016 a day when the Indian
Government launched a “surprise attack” against
black money in the economy.
Indian Government ceased the use of 500 & 1000
rupee notes from midnight at 8:15 of 8th Nov,
2016.
He also announced the issuance of new 500 &
2000 notes in the exchange of old notes.

6. Exchanging old notes
 Initially exchange limit was set to 4000.
 This limit was increased to 4,500 per person from
14 to 17 November 2016.
 The limit was reduced to 2,000 per person from
18 November 2016.
 All exchange of banknotes was stopped 30th
december 2016.

7.  Tax collection
 Digital India
 Cashless india
 Paytm
 Credit card
 Debit card
Advantage of demonetization

8. Disadvantage of demonetization
 Cash shortage
 Deaths

9. Short comings
 Common man effected for day to day transactions.
 Limited cash flow.
 Demand and supply of goods effected .
 ATM’s were not properly calibrated for new
denominations.

10. Thank
you