Demonetisation
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The document summarizes India's recent demonetization of Rs. 500 and Rs. 1000 currency notes on November 8th, 2016. It explains that these high-value notes will no longer be legal tender, except in specified organizations, and must be deposited or exchanged at banks by December 30th. It provides background on previous demonetizations in India in 1946 and 1978. While there will be short-term economic costs, the long-term benefits of reducing black money, corruption, and moving towards a cashless economy outweigh the disadvantages. The government needs to ensure a smooth transition.
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Demonetisation
On November 8, 2016 the Indian government announced that Rs. 500 and Rs. 1000 banknotes would no longer be legal tender. This process of withdrawing currency from circulation is known as demonetization. India has previously demonetized its currency in 1946 and 1978 to curb black money. The government's stated goals of the 2016 demonetization were to fight corruption, black money, fake currency, and move toward a cashless society. However, short-term drawbacks included overcrowding at banks as people exchanged their old notes and a shortage of available cash for citizens. Overall the advantages of demonetization are seen as outweighing the disadvantages in the long run.
India E News August 7, 2009 Bank Strike Hits Individuals, Corporates Alike
'In bond markets, banks are big players and hence volumes will be down. As settlements and clearance process are hampered, equity trading may also get affected,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
demonetisation
The document discusses India's demonetization of 500 and 1000 rupee notes in November 2016. It provides background on previous demonetizations in India in 1946 and 1978. The goals of the 2016 policy were reducing black money, counterfeiting, and moving toward a cashless economy. The short-term cons included bank lines and cash shortages, while the long-term pros were expected to be greater transparency, reduced corruption, and a more digitized economy. The impact on money supply and demand in different sectors is discussed. Overall the advantages of demonetization are seen as outweighing the short-term difficulties.
Demonetization
Demonetization is the act of stripping a currency unit of its legal tender status. In India, PM Modi announced on November 8, 2016 that Rs. 500 and Rs. 1000 notes would no longer be legal tender, aiming to tackle black money, corruption, and terror financing. While demonetization may curb black money and corruption in the long run, it has led to short-term economic slowdown and significant inconvenience to the public due to cash shortages and long lines at banks. Whether the costs of demonetization outweigh its benefits remains to be seen.
Demonitisation in India.pptx
The document discusses India's demonetization of 500 and 1000 rupee banknotes in 2016. It provides background on what demonetization is, explains what happened on November 8th 2016, and discusses the objectives, impacts, and experts' views on the policy. The key objectives of demonetization included curbing black money, corruption, and moving toward a cashless economy. It had both positive impacts like eliminating fake currency and pushing digitization, and negative impacts such as cash shortages and effects on small businesses and rural areas. Experts had mixed views on the long-term economic effects.
G4_Demonetisation _in_india DOC-20230416-WA0012..pptx
The document discusses the effects of demonetization in the Indian economy in 2016. It defines demonetization as the process where a currency is no longer considered legal tender and must be replaced. On November 8, 2016 the Indian government announced that Rs. 500 and Rs. 1000 notes would no longer be legal tender, in an effort to curb black money. The objectives were to reduce corruption, black money, inflation and illegal activities. While it impacted the money supply and parallel economy in the short term, the long term goals were to increase tax collection and push for digital transactions. The document also outlines some advantages like reducing fraudulent activities, and disadvantages like temporary economic slowdown.
Demonetization and its impact in Indian Economy
The document discusses the impacts of India's 2016 demonetization policy which removed Rs 500 and Rs 1000 banknotes from circulation. It summarizes that demonetization aimed to curb black money, counterfeit currency, terrorist funding, and move towards a cashless economy. In the short term, it created liquidity issues and impacted daily wage workers, demand for goods, and GDP growth. However, it also strengthened transparency, promoted digital payments, and reduced illicit funding of activities like terrorism and corruption. Overall, the impacts were mixed and the long term effects on the economy are still unfolding.
demonetistion
On November 8th, 2016 the Indian government announced that Rs. 500 and Rs. 1000 banknotes would no longer be legal tender. People could deposit or exchange the old currency at banks and post offices until December 30th. Demonetization involves removing a currency from circulation. It has happened twice before in India, in 1946 and 1978. The goal of the 2016 demonetization was to target black money, fake currency, terrorist funding, and move toward a cashless economy. It had short term costs like overcrowding at banks and rising prices, but long term benefits for transparency and the digital economy. Overall it was assessed as having more advantages than disadvantages for India.
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Demonetisation
On November 8, 2016 the Indian government announced that Rs. 500 and Rs. 1000 banknotes would no longer be legal tender. This process of withdrawing currency from circulation is known as demonetization. India has previously demonetized its currency in 1946 and 1978 to curb black money. The government's stated goals of the 2016 demonetization were to fight corruption, black money, fake currency, and move toward a cashless society. However, short-term drawbacks included overcrowding at banks as people exchanged their old notes and a shortage of available cash for citizens. Overall the advantages of demonetization are seen as outweighing the disadvantages in the long run.
India E News August 7, 2009 Bank Strike Hits Individuals, Corporates Alike
'In bond markets, banks are big players and hence volumes will be down. As settlements and clearance process are hampered, equity trading may also get affected,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
demonetisation
The document discusses India's demonetization of 500 and 1000 rupee notes in November 2016. It provides background on previous demonetizations in India in 1946 and 1978. The goals of the 2016 policy were reducing black money, counterfeiting, and moving toward a cashless economy. The short-term cons included bank lines and cash shortages, while the long-term pros were expected to be greater transparency, reduced corruption, and a more digitized economy. The impact on money supply and demand in different sectors is discussed. Overall the advantages of demonetization are seen as outweighing the short-term difficulties.
Demonetization
Demonetization is the act of stripping a currency unit of its legal tender status. In India, PM Modi announced on November 8, 2016 that Rs. 500 and Rs. 1000 notes would no longer be legal tender, aiming to tackle black money, corruption, and terror financing. While demonetization may curb black money and corruption in the long run, it has led to short-term economic slowdown and significant inconvenience to the public due to cash shortages and long lines at banks. Whether the costs of demonetization outweigh its benefits remains to be seen.
Demonitisation in India.pptx
The document discusses India's demonetization of 500 and 1000 rupee banknotes in 2016. It provides background on what demonetization is, explains what happened on November 8th 2016, and discusses the objectives, impacts, and experts' views on the policy. The key objectives of demonetization included curbing black money, corruption, and moving toward a cashless economy. It had both positive impacts like eliminating fake currency and pushing digitization, and negative impacts such as cash shortages and effects on small businesses and rural areas. Experts had mixed views on the long-term economic effects.
G4_Demonetisation _in_india DOC-20230416-WA0012..pptx
The document discusses the effects of demonetization in the Indian economy in 2016. It defines demonetization as the process where a currency is no longer considered legal tender and must be replaced. On November 8, 2016 the Indian government announced that Rs. 500 and Rs. 1000 notes would no longer be legal tender, in an effort to curb black money. The objectives were to reduce corruption, black money, inflation and illegal activities. While it impacted the money supply and parallel economy in the short term, the long term goals were to increase tax collection and push for digital transactions. The document also outlines some advantages like reducing fraudulent activities, and disadvantages like temporary economic slowdown.
Demonetization and its impact in Indian Economy
The document discusses the impacts of India's 2016 demonetization policy which removed Rs 500 and Rs 1000 banknotes from circulation. It summarizes that demonetization aimed to curb black money, counterfeit currency, terrorist funding, and move towards a cashless economy. In the short term, it created liquidity issues and impacted daily wage workers, demand for goods, and GDP growth. However, it also strengthened transparency, promoted digital payments, and reduced illicit funding of activities like terrorism and corruption. Overall, the impacts were mixed and the long term effects on the economy are still unfolding.
demonetistion
On November 8th, 2016 the Indian government announced that Rs. 500 and Rs. 1000 banknotes would no longer be legal tender. People could deposit or exchange the old currency at banks and post offices until December 30th. Demonetization involves removing a currency from circulation. It has happened twice before in India, in 1946 and 1978. The goal of the 2016 demonetization was to target black money, fake currency, terrorist funding, and move toward a cashless economy. It had short term costs like overcrowding at banks and rising prices, but long term benefits for transparency and the digital economy. Overall it was assessed as having more advantages than disadvantages for India.
Presentation on Demonetization in India
this file is uploaded by Pramod Kumar from MIMT
this file is made on the situations of the demonetization. in this file describing in details of related to the demonetization
Effects of demonetization hariganesh s
The document discusses the effects of India's 2016 demonetization initiative which removed Rs 500 and Rs 1000 currency notes from circulation. It provides background on demonetization, examines both short-term and long-term economic impacts including a potential slowdown in GDP growth, improved tax compliance, negative effects on small businesses and employment, and an increase in cashless transactions. While demonetization aimed to reduce black money and corruption, critics argue the move has disproportionately impacted the common man while only a small portion of black money was removed from the system long-term.
DEMONETISATION OF INDIAN CURRENCY
A SHORT AND GENERAL PPT COVERING ASPECTS LIKE REACTIONS OF PEOPLE,IMPACTS OF DEMONETISATION:POSITIVE AND NEGATIVE,EFFECTS ON 3 SECTORS AND EFFECT ON THE INDIAN ECONOMY. ALL THE BEST!!!!!
Demon etisation
The document discusses the demonetization that was introduced in India in November 2016. It provides background on what demonetization means, details of India removing Rs. 500 and Rs. 1000 notes from circulation, the effects this has had, and both advantages and challenges of demonetization. It notes that demonetization aims to counter terrorism, reduce black money, and increase tax revenue but faces challenges like economic consequences seen in other countries and a need for tax system simplification.
Demonetisation
On November 8th, 2016 the Government of India announced that Rs. 500 and Rs. 1000 banknotes would no longer be legal tender. This process of withdrawing currency from circulation is known as demonetization. India has previously demonetized its currency in 1946 and 1978. The demonetization was aimed at targeting black money, fake currency, corruption, and terrorist funding. While it may cause short-term economic slowdown and cash shortages, the long-term goals are a reduction in black money, increased digitization and move towards a cashless economy with more financial transparency and tax compliance.
Demonetization of Indian Currency
This document discusses India's demonetization of 500 and 1000 rupee banknotes in November 2016. It provides background on the Indian rupee currency and defines demonetization. The key reasons given for demonetization were to reduce counterfeiting and terrorism funding as well as curb the black market economy. The document explores the potential short-term and medium-term economic impacts, including on accounted vs. unaccounted transactions, informal businesses, and illegal activities that relied on cash. It also discusses how much currency may be permanently removed from circulation and replaced with electronic money instead.
DEMONETISATION IN INDIA AND ITS IMPACT
On 8 November 2016, the Government of India announced the demonetisation of all ₹500 (US$7.40) and ₹1,000 (US$15) banknotes of the Mahatma Gandhi Series.[2] The government claimed that the action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism
Demonetisation of rupees
The document discusses the Indian government's decision to demonetize Rs. 500 and Rs. 1000 currency notes. It provides background on the increase in fake currency and black money fueling corruption. The government aims to curb these issues by removing the higher denomination notes from circulation. While this creates short-term hardship, the long-term goals are to bring transparency, reduce corruption, and benefit ordinary citizens and the economy. The impacts on various sectors and pros and cons are debated.
2.pptx USKJSIS wjnsjsienejdio3kkkkkjdhdudjcidjifjdidodkauu7bdiwiakixkejidkwks...
2.pptx USKJSIS wjnsjsienejdio3kkkkkjdhdudjcidjifjdidodkauu7bdiwiakixkejidkwks...maheshwarivishwas354
Demonetization involves withdrawing particular currency notes from circulation and discontinuing their use as legal tender. In November 2016, the Indian government demonetized Rs. 500 and Rs. 1000 currency notes without warning to curb black money, corruption, and terrorism. This led to a surge in digital payment methods like debit cards, credit cards, e-wallets as people adapted to the cashless economy. While demonetization achieved some objectives like reducing cash in circulation and increasing bank accounts, it also had short term costs like hardship faced by common citizens and disruption to business activities.Research Paper- Demonetization
Research paper: Analysis of the Demonetization and GST Impact on the Indian Economy. Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India's economic growth last year, former RBI Governor Raghuram Rajan has said, asserting that the current seven per cent growth rate is not enough to meet the country's needs.
Demonetisation project=12
This document discusses India's demonetization of 500 and 1000 rupee banknotes in November 2016. It provides background on demonetization, the rationale given by Prime Minister Modi for India's action including fighting corruption and black money. The short-term impacts included cash shortages, economic disruption and job losses. However, proponents argue it will boost formal economic activity and tax collection over the long run. The document also reviews demonetization efforts in other countries and debates the policy's costs and benefits.
Demonetization
Prime Minister Narendra Modi announced on November 8, 2016 that Rs. 500 and Rs. 1000 banknotes would no longer be considered legal tender. The objective was to combat black money, corruption, terrorism, and counterfeiting. However, the sudden announcement and lack of preparation caused significant short-term hardship for many Indians, as 86% of the currency in circulation lost validity overnight. While demonetization has been attempted before with little success, the scale of this effort and deadline of December 31 for exchanging notes may help reduce the black money circulating as cash if implemented effectively. However, it only addresses one form of untaxed wealth, and more comprehensive reforms will still be needed.
Life after demonetisation
Prime Minister Narendra Modi announced on November 8, 2016 that Rs. 500 and Rs. 1000 banknotes would no longer be considered legal tender. The objective was to combat black money, corruption, terrorism, and counterfeiting. However, the sudden nature of the announcement and lack of preparation negatively impacted many ordinary citizens. While demonetization has been attempted before with little success, the size and timing of this move was unprecedented. If more time was given, it may not have been as effective at reducing unaccounted cash. Though an imperfect solution, demonetization will help curb some black money hoarded as cash, estimated to be around 23% of India's GDP. Other countries have taken similar actions to deal with
Impact of demonetization
Modi's decision to demonetize Rs. 500 and Rs. 1000 banknotes aimed to tackle black money, corruption, and the cash-based economy. It had both short-term negative impacts like cash shortages and long-term potential benefits like increased tax revenues and use of digital payments. While some praised the move for curbing crimes like human trafficking, others criticized long bank lines that led to deaths and difficulties for farmers and small businesses dependent on cash transactions. Overall assessments of demonetization's impacts are mixed.
Demonetization
All the information related to the Demonetization takes place in India.That presentation will help you for related ides about demonetization.When you refer the presentation your ideas will be clear.
New microsoft office power point presentation (3)
The document summarizes a presentation on demonetization in India. It provides background on demonetization, details what occurred on November 8th 2016 when India demonetized Rs. 500 and Rs. 1000 notes, and explains the reasons for demonetization including fighting black money, corruption, and fake currency. It discusses both the potential positive impacts such as increased transparency and attack on black money holders, as well as negative impacts like temporary cash shortages and inflation. It also outlines long term effects on the economy and digital transactions, and summarizes a Reserve Bank of India report on the effects of demonetization.
Demonetisation
The document discusses India's demonetization of 500 and 1000 rupee banknotes in November 2016. It provides background on the meaning of demonetization, India's history with it in 1946 and 1978. It then outlines the key aspects of the 2016 policy including exchanging old notes for new ones, deposit procedures, tax implications for deposited cash, initial reactions from support and criticism, effects like cash shortages and increased e-payments, and evasion attempts through gold, salaries, and donations. In conclusion, it argues the long-term benefits of reducing corruption and black money outweigh short-term costs, and the government must ensure a smooth transition to the new currency.
Demonetisation
This document summarizes the demonetization that occurred in India in November 2016 when the government withdrew the Rs. 500 and Rs. 1000 banknotes from circulation. It provides background on demonetization, explaining that it is done when a country changes its currency. It then details the announcement by Prime Minister Modi on November 8th, 2016 to remove the two banknotes by midnight and introduce new Rs. 500 and Rs. 2000 notes. The document also lists some common causes of demonetization like introducing new currency, and discusses the positive impacts like reducing black money and corruption, as well as some negative short term impacts like cash shortages and price increases.
Demonetisation and its impact on indian economy
Demonetization in India involved removing Rs. 500 and Rs. 1000 currency notes from circulation in November 2016. This was aimed at curbing black money, corruption, terrorism funding, and moving toward a cashless economy. While nearly all demonetized notes were deposited, indicating the failure to remove significant black money, demonetization did increase digitization of the economy. However, it also caused short-term problems like bank lines and cash shortages. Overall, the long-term benefits of a less cash-dependent, more transparent economy are believed to outweigh the short-term costs.
economic project.pdf
In present the world is experiencing rapid and increasing use of digital methods of recording, managing and exchanging money in all transactions. With the revolution of Smartphone’s it gives new way to digitalization. It led the society to the emergence of E-commerce, Mcommerce and other services including app-based cab aggregators, who encourage digital payments for use of various services in digitalized form. These major changes in technology space will not only bring changes to economic system but make a revolution to change habit of Indian citizens to adopt digitalization. To support these changes for becoming digital the digital India programme became a flagship programme of government of India with a vision to transform India into a digitally empowered India and gave knowledge of “faceless, paperless and cashless” economy to the Indian society.
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Presentation on Demonetization in India
this file is uploaded by Pramod Kumar from MIMT
this file is made on the situations of the demonetization. in this file describing in details of related to the demonetization
Effects of demonetization hariganesh s
The document discusses the effects of India's 2016 demonetization initiative which removed Rs 500 and Rs 1000 currency notes from circulation. It provides background on demonetization, examines both short-term and long-term economic impacts including a potential slowdown in GDP growth, improved tax compliance, negative effects on small businesses and employment, and an increase in cashless transactions. While demonetization aimed to reduce black money and corruption, critics argue the move has disproportionately impacted the common man while only a small portion of black money was removed from the system long-term.
DEMONETISATION OF INDIAN CURRENCY
A SHORT AND GENERAL PPT COVERING ASPECTS LIKE REACTIONS OF PEOPLE,IMPACTS OF DEMONETISATION:POSITIVE AND NEGATIVE,EFFECTS ON 3 SECTORS AND EFFECT ON THE INDIAN ECONOMY. ALL THE BEST!!!!!
Demon etisation
The document discusses the demonetization that was introduced in India in November 2016. It provides background on what demonetization means, details of India removing Rs. 500 and Rs. 1000 notes from circulation, the effects this has had, and both advantages and challenges of demonetization. It notes that demonetization aims to counter terrorism, reduce black money, and increase tax revenue but faces challenges like economic consequences seen in other countries and a need for tax system simplification.
Demonetisation
On November 8th, 2016 the Government of India announced that Rs. 500 and Rs. 1000 banknotes would no longer be legal tender. This process of withdrawing currency from circulation is known as demonetization. India has previously demonetized its currency in 1946 and 1978. The demonetization was aimed at targeting black money, fake currency, corruption, and terrorist funding. While it may cause short-term economic slowdown and cash shortages, the long-term goals are a reduction in black money, increased digitization and move towards a cashless economy with more financial transparency and tax compliance.
Demonetization of Indian Currency
This document discusses India's demonetization of 500 and 1000 rupee banknotes in November 2016. It provides background on the Indian rupee currency and defines demonetization. The key reasons given for demonetization were to reduce counterfeiting and terrorism funding as well as curb the black market economy. The document explores the potential short-term and medium-term economic impacts, including on accounted vs. unaccounted transactions, informal businesses, and illegal activities that relied on cash. It also discusses how much currency may be permanently removed from circulation and replaced with electronic money instead.
DEMONETISATION IN INDIA AND ITS IMPACT
On 8 November 2016, the Government of India announced the demonetisation of all ₹500 (US$7.40) and ₹1,000 (US$15) banknotes of the Mahatma Gandhi Series.[2] The government claimed that the action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism
Demonetisation of rupees
The document discusses the Indian government's decision to demonetize Rs. 500 and Rs. 1000 currency notes. It provides background on the increase in fake currency and black money fueling corruption. The government aims to curb these issues by removing the higher denomination notes from circulation. While this creates short-term hardship, the long-term goals are to bring transparency, reduce corruption, and benefit ordinary citizens and the economy. The impacts on various sectors and pros and cons are debated.
2.pptx USKJSIS wjnsjsienejdio3kkkkkjdhdudjcidjifjdidodkauu7bdiwiakixkejidkwks...
2.pptx USKJSIS wjnsjsienejdio3kkkkkjdhdudjcidjifjdidodkauu7bdiwiakixkejidkwks...maheshwarivishwas354
Demonetization involves withdrawing particular currency notes from circulation and discontinuing their use as legal tender. In November 2016, the Indian government demonetized Rs. 500 and Rs. 1000 currency notes without warning to curb black money, corruption, and terrorism. This led to a surge in digital payment methods like debit cards, credit cards, e-wallets as people adapted to the cashless economy. While demonetization achieved some objectives like reducing cash in circulation and increasing bank accounts, it also had short term costs like hardship faced by common citizens and disruption to business activities.Research Paper- Demonetization
Research paper: Analysis of the Demonetization and GST Impact on the Indian Economy. Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India's economic growth last year, former RBI Governor Raghuram Rajan has said, asserting that the current seven per cent growth rate is not enough to meet the country's needs.
Demonetisation project=12
This document discusses India's demonetization of 500 and 1000 rupee banknotes in November 2016. It provides background on demonetization, the rationale given by Prime Minister Modi for India's action including fighting corruption and black money. The short-term impacts included cash shortages, economic disruption and job losses. However, proponents argue it will boost formal economic activity and tax collection over the long run. The document also reviews demonetization efforts in other countries and debates the policy's costs and benefits.
Demonetization
Prime Minister Narendra Modi announced on November 8, 2016 that Rs. 500 and Rs. 1000 banknotes would no longer be considered legal tender. The objective was to combat black money, corruption, terrorism, and counterfeiting. However, the sudden announcement and lack of preparation caused significant short-term hardship for many Indians, as 86% of the currency in circulation lost validity overnight. While demonetization has been attempted before with little success, the scale of this effort and deadline of December 31 for exchanging notes may help reduce the black money circulating as cash if implemented effectively. However, it only addresses one form of untaxed wealth, and more comprehensive reforms will still be needed.
Life after demonetisation
Prime Minister Narendra Modi announced on November 8, 2016 that Rs. 500 and Rs. 1000 banknotes would no longer be considered legal tender. The objective was to combat black money, corruption, terrorism, and counterfeiting. However, the sudden nature of the announcement and lack of preparation negatively impacted many ordinary citizens. While demonetization has been attempted before with little success, the size and timing of this move was unprecedented. If more time was given, it may not have been as effective at reducing unaccounted cash. Though an imperfect solution, demonetization will help curb some black money hoarded as cash, estimated to be around 23% of India's GDP. Other countries have taken similar actions to deal with
Impact of demonetization
Modi's decision to demonetize Rs. 500 and Rs. 1000 banknotes aimed to tackle black money, corruption, and the cash-based economy. It had both short-term negative impacts like cash shortages and long-term potential benefits like increased tax revenues and use of digital payments. While some praised the move for curbing crimes like human trafficking, others criticized long bank lines that led to deaths and difficulties for farmers and small businesses dependent on cash transactions. Overall assessments of demonetization's impacts are mixed.
Demonetization
All the information related to the Demonetization takes place in India.That presentation will help you for related ides about demonetization.When you refer the presentation your ideas will be clear.
New microsoft office power point presentation (3)
The document summarizes a presentation on demonetization in India. It provides background on demonetization, details what occurred on November 8th 2016 when India demonetized Rs. 500 and Rs. 1000 notes, and explains the reasons for demonetization including fighting black money, corruption, and fake currency. It discusses both the potential positive impacts such as increased transparency and attack on black money holders, as well as negative impacts like temporary cash shortages and inflation. It also outlines long term effects on the economy and digital transactions, and summarizes a Reserve Bank of India report on the effects of demonetization.
Demonetisation
The document discusses India's demonetization of 500 and 1000 rupee banknotes in November 2016. It provides background on the meaning of demonetization, India's history with it in 1946 and 1978. It then outlines the key aspects of the 2016 policy including exchanging old notes for new ones, deposit procedures, tax implications for deposited cash, initial reactions from support and criticism, effects like cash shortages and increased e-payments, and evasion attempts through gold, salaries, and donations. In conclusion, it argues the long-term benefits of reducing corruption and black money outweigh short-term costs, and the government must ensure a smooth transition to the new currency.
Demonetisation
This document summarizes the demonetization that occurred in India in November 2016 when the government withdrew the Rs. 500 and Rs. 1000 banknotes from circulation. It provides background on demonetization, explaining that it is done when a country changes its currency. It then details the announcement by Prime Minister Modi on November 8th, 2016 to remove the two banknotes by midnight and introduce new Rs. 500 and Rs. 2000 notes. The document also lists some common causes of demonetization like introducing new currency, and discusses the positive impacts like reducing black money and corruption, as well as some negative short term impacts like cash shortages and price increases.
Demonetisation and its impact on indian economy
Demonetization in India involved removing Rs. 500 and Rs. 1000 currency notes from circulation in November 2016. This was aimed at curbing black money, corruption, terrorism funding, and moving toward a cashless economy. While nearly all demonetized notes were deposited, indicating the failure to remove significant black money, demonetization did increase digitization of the economy. However, it also caused short-term problems like bank lines and cash shortages. Overall, the long-term benefits of a less cash-dependent, more transparent economy are believed to outweigh the short-term costs.
economic project.pdf
In present the world is experiencing rapid and increasing use of digital methods of recording, managing and exchanging money in all transactions. With the revolution of Smartphone’s it gives new way to digitalization. It led the society to the emergence of E-commerce, Mcommerce and other services including app-based cab aggregators, who encourage digital payments for use of various services in digitalized form. These major changes in technology space will not only bring changes to economic system but make a revolution to change habit of Indian citizens to adopt digitalization. To support these changes for becoming digital the digital India programme became a flagship programme of government of India with a vision to transform India into a digitally empowered India and gave knowledge of “faceless, paperless and cashless” economy to the Indian society.
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Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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专业服务，请勿犹豫联系我
如果您真实毕业回国，对于学历认证无从下手，请联系我，我们免费帮您递交
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Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
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Demonetisation
- 2. On 8th November 2016,Government of India has announced that from today onward rupees 500 and 1000 rupee note will not be a legal tender. Means that 500 and 1000 rupee notes will not be accepted by anyone except the organization declared by the government. Public can deposit and change the currency from the banks and post offices till 30 December 2016.
- 3. “ Demonetization is the withdrawal of a particular form of currency from circulation.” It is a process by which a series of currency will not be a legal tender. The series of currency will not acceptable as a valid currency.
- 4. This is not the First time , When Indian currency is Demonetized in India. Earlier it was done in 1946 with the complete ban of Rs. 1000 and 10000 Notes to deal with the unaccounted money i.e. black money. Second Time , it was done in 1978 by Govt. headed by Morarji Desai when Rs. 1000 and Rs. 5000 and Rs. 10000 Notes were demonetized.
- 5. Making India A Cash less Society.
- 6. Percentage share of Denominations before Demonetization
- 7. There can be many causes of Demonetization in any economy such as :- 1. Black Marketing 2. Currency Storage 3. Corruption 4. Fake currency in the economy etc.
- 8. Yes, Demonetization will slow down growth rate in short terms and medium terms because people have less money in hands. So demand is low, that is why it is hampering our growth rate. But as soon as people get money markets will be back on track. India is cash based economy any demonetization will temporarily decrease liquidity in the economy. Decrease liquidity will lead to decrease demand which will result in decrease productivity causing a slow down in consumer market.
- 9. The advantages are much dominating and it will be in the long term interest of our country comfortably outweighing the disadvantage. Government need to take all the necessary steps so as to ensure that there will be a smooth flow of currency exchanges. We congratulate the entire government and those hidden brains of our democracy who brought this decision.