Demonetisation in india
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Demonetization refers to the withdrawal of legal tender status of certain banknotes in India in 2016. The key motives for demonetization included curbing black money, counterfeit currency, and terrorist financing. Economists had differing views, with some supporting it as a way to flush out black money, while others criticized it as an "unguided missile" or "organized loot". Effects included increased costs for the Reserve Bank of India to print new notes, reduced dividend paid to the government, and a slight increase in lower denomination notes in circulation post-demonetization. Both positive impacts like reduced cash in the system and increased tax collections, as well as negative impacts like job losses for daily wage workers, were
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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
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.
Evaluation of Demonetisation (8 Nov 2016) in India to Curb Corruption and T...
Evaluation of Demonetisation (8 Nov 2016) in India to Curb Corruption and T...Independent Researcher
This document evaluates India's 2016 demonetization policy to curb corruption and terrorism. It provides background on India's previous demonetizations in 1946 and 1978. 86% of currency in circulation was demonetized, amounting to Rs. 15.44 lakh crore. Banks collected over Rs. 14.9 lakh crore in deposits. While demonetization aims to reduce black money, corruption, and terrorism, critics argue it does not address the root causes of money laundering and black money generation. The policy impacts cash-dependent sectors negatively in the short-run but may boost the formal economy long-term through increased transparency, tax collection, and digital payments. Overall, demonetization's complete benefits may onlyDB5968
The document summarizes India's demonetization of 500 and 1000 rupee banknotes in 2016. It describes how the move was aimed at curbing black money, counterfeit currency, and terrorist financing. It discusses how the policy resulted in billions being deposited in banks, disrupted hawala transactions and cash flows to separatists and insurgents, and is expected to have economic benefits despite short-term inconveniences and impacts on small businesses and cash-dependent workers. However, it notes the move may not affect those with large stashes of black money stored abroad or in assets like gold.
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.
Demonetisation
The document summarizes the effects of India's 2016 demonetization policy which removed ₹500 and ₹1000 banknotes from circulation. It led to severe cash shortages as people waited in long lines at banks and ATMs to deposit or exchange the old notes. Several deaths were attributed to standing in queues for long periods, as well as a lack of medical care with hospitals refusing old notes. The stock market saw sharp drops in the days following the announcement. While the policy aimed to reduce black money, counterfeit currency, and terrorist financing, it significantly disrupted India's economy in the short term through chaos and cash shortages.
Demonetisation
Demonetization is the act of stripping a currency unit of its status as legal tender. In India, demonetization was announced in November 2016 when ₹500 and ₹1000 banknotes were withdrawn as legal tender. The objectives were to curb corruption, counterfeiting, terrorist financing, and discourage a cash economy. While demonetization provided a boost to digital payments and tax revenues in the long run, it also had short term negative impacts like cash shortages, economic slowdown, job losses, and hardship for common citizens and businesses. Banks and the government faced challenges in replenishing cash and managing the transition to a less-cash economy.
Demonetisation In India
An whole description about demonetisation in india .Its rules and regulations.Its positive impact and negative impact.When it was started and with which purpose.How people reacted.How the world reacted
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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
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.
Evaluation of Demonetisation (8 Nov 2016) in India to Curb Corruption and T...
Evaluation of Demonetisation (8 Nov 2016) in India to Curb Corruption and T...Independent Researcher
This document evaluates India's 2016 demonetization policy to curb corruption and terrorism. It provides background on India's previous demonetizations in 1946 and 1978. 86% of currency in circulation was demonetized, amounting to Rs. 15.44 lakh crore. Banks collected over Rs. 14.9 lakh crore in deposits. While demonetization aims to reduce black money, corruption, and terrorism, critics argue it does not address the root causes of money laundering and black money generation. The policy impacts cash-dependent sectors negatively in the short-run but may boost the formal economy long-term through increased transparency, tax collection, and digital payments. Overall, demonetization's complete benefits may onlyDB5968
The document summarizes India's demonetization of 500 and 1000 rupee banknotes in 2016. It describes how the move was aimed at curbing black money, counterfeit currency, and terrorist financing. It discusses how the policy resulted in billions being deposited in banks, disrupted hawala transactions and cash flows to separatists and insurgents, and is expected to have economic benefits despite short-term inconveniences and impacts on small businesses and cash-dependent workers. However, it notes the move may not affect those with large stashes of black money stored abroad or in assets like gold.
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.
Demonetisation
The document summarizes the effects of India's 2016 demonetization policy which removed ₹500 and ₹1000 banknotes from circulation. It led to severe cash shortages as people waited in long lines at banks and ATMs to deposit or exchange the old notes. Several deaths were attributed to standing in queues for long periods, as well as a lack of medical care with hospitals refusing old notes. The stock market saw sharp drops in the days following the announcement. While the policy aimed to reduce black money, counterfeit currency, and terrorist financing, it significantly disrupted India's economy in the short term through chaos and cash shortages.
Demonetisation
Demonetization is the act of stripping a currency unit of its status as legal tender. In India, demonetization was announced in November 2016 when ₹500 and ₹1000 banknotes were withdrawn as legal tender. The objectives were to curb corruption, counterfeiting, terrorist financing, and discourage a cash economy. While demonetization provided a boost to digital payments and tax revenues in the long run, it also had short term negative impacts like cash shortages, economic slowdown, job losses, and hardship for common citizens and businesses. Banks and the government faced challenges in replenishing cash and managing the transition to a less-cash economy.
Demonetisation In India
An whole description about demonetisation in india .Its rules and regulations.Its positive impact and negative impact.When it was started and with which purpose.How people reacted.How the world reacted
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!!!!!
Demonetization in India - Pros and Cons
The document discusses India's demonetization of 500- and 1000-rupee banknotes in November 2016. It aimed to curb black money, terrorism, and tax evasion by removing these high-value notes from circulation and requiring people to deposit old notes or exchange them for new notes. While demonetization may help achieve these goals over time, it immediately put the country in a state of disruption as people faced long lines to access their money from banks and ATMs. Certain sectors like real estate saw transactions slow down significantly in the short-term due to the cash changes.
Demonetisation
Demonetisation - Meaning, Concept, Benefits, Scheme, Cashless economy, Cashless India, Effects on economy
PPT DEMONETISATION SEMINAR
This is a ppt presentation made by yogesh kumar baghel student of class:-10th ,dav mps lamdaguda,lohandiguda(bastar)
Indian Demonetisation 2016
The document discusses India's recent demonetization of Rs 500 and Rs 1000 currency notes. It provides background on previous instances of demonetization in India in 1946 and 1978. It outlines the rationale given by the Prime Minister for demonetization, including tackling black money, corruption, fake currency, and terrorist financing. It also discusses the short-term economic impacts and support and criticism of the move from various groups.
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
Demonetisation - Indian 500 and 1000 rupee note ban
THIS POWERPOINT PRESENTATION ON THE TOPIC Demonetisation WILL PROVIDE YOU ALL A BASIC IDEA AND CONCEPT ABOUT THE TOPIC. THIS PRESENTATION PROVIDES YOU A INFORMATIVE AND PICTORIAL VIEW OF THE TOPIC.
ENJOY!
MADE BY - BHAVESH
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.
Demonetisation on Indian Economy
Demonetization is the act of stripping a currency unit of its status as legal tender and is necessary whenever there is a change of national currency.
Presentation On Demonitization
This document summarizes information about demonetization in India in 2016. It provides background on demonetization, details of Prime Minister Modi's announcement to demonetize Rs. 500 and Rs. 1000 banknotes, reactions and protests, impacts both positive and negative, and statistics on the amount of money deposited. Key reasons for demonetization in India included fighting corruption, counterfeiting, and moving towards a digital economy and cashless society.
Demonetisation of indian currency
An act initiated by the government of India for the purpose of ceasing the bank notes (1000 & 500) as a legal tender
Demonetization in INDIA
what is Demonetization,
meaning of demonetization,
process to exchange currency notes, and Everything you need to know about demonetization.
Demonatisation
What is demonatisation . When was it annouced and what is the impact of demonatisation on indian economy and much more.
Explaining the point which leads to the impact of demonatisation.
Demonetization and its effects on venders
Demonetization negatively impacted many vendors in India. Due to the removal of Rs. 500 and Rs. 1000 notes, 50% of vendors did not have bank accounts and 30% only had accounts in their home towns, making exchanging the old notes difficult. While some opened accounts through a government program, 80% of vendors preferred saving cash at home rather than depositing in banks. A majority (50-85%) of vendors faced difficulties withdrawing money from ATMs and using digital payments. The demonetization motivated increased cashless transactions long-term but created significant problems for many unorganized sector workers in the short-term.
Demonetisation and Its Impacts.
Under the legal system, there is a division of legal tender which includes forms of currency. Demonetization plays a role here by removing a form of legal tender from circulation. Demonetizing high value banknotes aims to curb black money, corruption, counterfeiting, and terrorist activities that use unaccounted cash. While causing short term economic disruptions, demonetization may help boost the formal economy over the long run by reducing the shadow economy and increasing tax revenues. Both positive and negative impacts are discussed along with short term costs and long term benefits to the economy and fight against corruption.
Demonitizaion 2016
Demonetization : The Real Effects, Flashback #DeMo 2016, Reasons for Demonetization, Percentage share of denominations before Demonetization, Purpose/Need for Demonetization, Pros & Cons of Demonetization, Benefits of Demonetization (Direct & Indirect), Impact of Demonetization (Short & Long Term), Effect of Demonetization on Indian Economy, Hidden Facts, Reaction on Social Media, Survey @ Local Circle, Impact on Economy – Sector wise, Through the Glasses of Pessimism, Reality Check (example of effect of demonetization), Conclusion.
Demonetisation
Demonetization is the act of removing legal tender status of a currency. India demonetized Rs. 500 and Rs. 1000 banknotes in 2016 to curb black money, corruption, and counterfeit currency. While it provided advantages like reducing illegal activity and increasing tax collection, it also had disadvantages such as currency destruction costs, public inconvenience, and slowing down the economy in the short term. The goal of demonetization is to make India's economy cleaner and move it towards greater digitization.
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.
Current Demonetization
Some Basic Highlights are presented to you about Demonetization.......what?, reasons?, side effects?, etc etc.....
Demonetization: CRITICAL ANALYSIS
THIS PRESENTATION IS ALL ABOUT THE NOTE BANDI SCHEME; ITS PROS AND CONS AND HOW FAR IT HAS BEEN SUCCESSFUL IN REALITY.
Demonitization
Demonetization is defined as the act of cancelling the legal tender status of a currency unit in circulation. In India, demonetization occurred in 2016 when Rs 500 and Rs 1000 banknotes were withdrawn, amounting to 86% of currency in circulation. While objectives included curbing black money and expanding the tax base, short term problems included cash shortages that slowed the economy and job losses in some sectors. However, long term benefits included increased tax revenue collection and a boost to digital payments.
One year of demonetisation
The document summarizes the impacts of India's 2016 demonetization policy, which removed Rs 500 and Rs 1000 banknotes from circulation. It led to short-term economic costs as people faced long bank lines. However, it increased bank deposits and tax collections. While most demonetized currency returned to banks, digital payments grew significantly. The policy had little impact on black money or terrorism as intended. Overall, demonetization accelerated India's shift to a digital economy but also caused economic disruption.
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The document discusses India's demonetization of 500- and 1000-rupee banknotes in November 2016. It aimed to curb black money, terrorism, and tax evasion by removing these high-value notes from circulation and requiring people to deposit old notes or exchange them for new notes. While demonetization may help achieve these goals over time, it immediately put the country in a state of disruption as people faced long lines to access their money from banks and ATMs. Certain sectors like real estate saw transactions slow down significantly in the short-term due to the cash changes.
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Indian Demonetisation 2016
The document discusses India's recent demonetization of Rs 500 and Rs 1000 currency notes. It provides background on previous instances of demonetization in India in 1946 and 1978. It outlines the rationale given by the Prime Minister for demonetization, including tackling black money, corruption, fake currency, and terrorist financing. It also discusses the short-term economic impacts and support and criticism of the move from various groups.
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
Demonetisation - Indian 500 and 1000 rupee note ban
THIS POWERPOINT PRESENTATION ON THE TOPIC Demonetisation WILL PROVIDE YOU ALL A BASIC IDEA AND CONCEPT ABOUT THE TOPIC. THIS PRESENTATION PROVIDES YOU A INFORMATIVE AND PICTORIAL VIEW OF THE TOPIC.
ENJOY!
MADE BY - BHAVESH
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.
Demonetisation on Indian Economy
Demonetization is the act of stripping a currency unit of its status as legal tender and is necessary whenever there is a change of national currency.
Presentation On Demonitization
This document summarizes information about demonetization in India in 2016. It provides background on demonetization, details of Prime Minister Modi's announcement to demonetize Rs. 500 and Rs. 1000 banknotes, reactions and protests, impacts both positive and negative, and statistics on the amount of money deposited. Key reasons for demonetization in India included fighting corruption, counterfeiting, and moving towards a digital economy and cashless society.
Demonetisation of indian currency
An act initiated by the government of India for the purpose of ceasing the bank notes (1000 & 500) as a legal tender
Demonetization in INDIA
what is Demonetization,
meaning of demonetization,
process to exchange currency notes, and Everything you need to know about demonetization.
Demonatisation
What is demonatisation . When was it annouced and what is the impact of demonatisation on indian economy and much more.
Explaining the point which leads to the impact of demonatisation.
Demonetization and its effects on venders
Demonetization negatively impacted many vendors in India. Due to the removal of Rs. 500 and Rs. 1000 notes, 50% of vendors did not have bank accounts and 30% only had accounts in their home towns, making exchanging the old notes difficult. While some opened accounts through a government program, 80% of vendors preferred saving cash at home rather than depositing in banks. A majority (50-85%) of vendors faced difficulties withdrawing money from ATMs and using digital payments. The demonetization motivated increased cashless transactions long-term but created significant problems for many unorganized sector workers in the short-term.
Demonetisation and Its Impacts.
Under the legal system, there is a division of legal tender which includes forms of currency. Demonetization plays a role here by removing a form of legal tender from circulation. Demonetizing high value banknotes aims to curb black money, corruption, counterfeiting, and terrorist activities that use unaccounted cash. While causing short term economic disruptions, demonetization may help boost the formal economy over the long run by reducing the shadow economy and increasing tax revenues. Both positive and negative impacts are discussed along with short term costs and long term benefits to the economy and fight against corruption.
Demonitizaion 2016
Demonetization : The Real Effects, Flashback #DeMo 2016, Reasons for Demonetization, Percentage share of denominations before Demonetization, Purpose/Need for Demonetization, Pros & Cons of Demonetization, Benefits of Demonetization (Direct & Indirect), Impact of Demonetization (Short & Long Term), Effect of Demonetization on Indian Economy, Hidden Facts, Reaction on Social Media, Survey @ Local Circle, Impact on Economy – Sector wise, Through the Glasses of Pessimism, Reality Check (example of effect of demonetization), Conclusion.
Demonetisation
Demonetization is the act of removing legal tender status of a currency. India demonetized Rs. 500 and Rs. 1000 banknotes in 2016 to curb black money, corruption, and counterfeit currency. While it provided advantages like reducing illegal activity and increasing tax collection, it also had disadvantages such as currency destruction costs, public inconvenience, and slowing down the economy in the short term. The goal of demonetization is to make India's economy cleaner and move it towards greater digitization.
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.
Current Demonetization
Some Basic Highlights are presented to you about Demonetization.......what?, reasons?, side effects?, etc etc.....
Demonetization: CRITICAL ANALYSIS
THIS PRESENTATION IS ALL ABOUT THE NOTE BANDI SCHEME; ITS PROS AND CONS AND HOW FAR IT HAS BEEN SUCCESSFUL IN REALITY.
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Demonetisation - Indian 500 and 1000 rupee note ban
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Demonitization
Demonetization is defined as the act of cancelling the legal tender status of a currency unit in circulation. In India, demonetization occurred in 2016 when Rs 500 and Rs 1000 banknotes were withdrawn, amounting to 86% of currency in circulation. While objectives included curbing black money and expanding the tax base, short term problems included cash shortages that slowed the economy and job losses in some sectors. However, long term benefits included increased tax revenue collection and a boost to digital payments.
One year of demonetisation
The document summarizes the impacts of India's 2016 demonetization policy, which removed Rs 500 and Rs 1000 banknotes from circulation. It led to short-term economic costs as people faced long bank lines. However, it increased bank deposits and tax collections. While most demonetized currency returned to banks, digital payments grew significantly. The policy had little impact on black money or terrorism as intended. Overall, demonetization accelerated India's shift to a digital economy but also caused economic disruption.
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Demonetization in India withdrew ₹500 and ₹1000 currency notes from circulation in November 2016 to curb black money, corruption, and terrorism financing. It led to short term negative impacts like cash short
demonetisation
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Demonetisation
Demonetization in India has occurred three times, most recently in 2016 when PM Modi removed Rs. 500 and Rs. 1000 banknotes from circulation. The document discusses the impacts of this demonetization on the Indian economy, both positive and negative. It reduced industrial output and GDP growth in the short-term due to cash shortages. Nearly all demonetized currency was deposited, failing to reduce black money as intended. Digital payments increased initially but have seen modest growth since. Employment was stagnant in the year following demonetization.
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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.
demonitization
The document summarizes demonetization in India. It explains that demonetization is when a currency is stripped of its status as legal tender and replaced with new notes or coins. In November 2016, Prime Minister Modi announced that Rs. 500 and Rs. 1000 banknotes would no longer be legal tender, in an effort to curb corruption, black money, fake currency, and terrorism. While this had some positive impacts like increasing digital transactions and slowing cash-based industries, it also had negative effects such as cash shortages, economic slowdown, and job losses. Experts criticized the move as a "major mistake" and "hollow" with potential long-term damage greater than benefits.
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.
Demonetisation in India : Boon or Bane - Dr.K.Karthikeyan
Demonetisation in India : Boon or Bane - Dr.K.KarthikeyanVivekananda College, Tiruvedakam West, Madurai, Tamilnadu
The document summarizes a lecture on demonetization in India given on February 4, 2017. It provides background on demonetization, discusses the objectives and impacts of India's 2016 demonetization, and covers both views that it is a boon or bane. Specifically, it aims to curb black money, reduce corruption, and remove fake currency, but it also caused short-term economic difficulties and disproportionately impacted common citizens and small businesses. While it targeted illegal activities, some experts question how much black money it actually eradicated.Demonitazation
The document discusses India's demonetization of Rs. 500 and Rs. 1000 currency notes in 2016. It provides background on the history of demonetization globally and in India. The objectives and methodology of the study are outlined. Reasons for India's 2016 demonetization included removing black money, addressing corruption and fake currency. Benefits included getting fake currency out of circulation and increasing online transactions, while costs included cash shortages. Surveys found most Indian people agreed with the policy. Conclusions determined the main goal was removing black money and that demonetization would increase India's GDP and reduce corruption. Suggestions included improving education, security from terrorism, and awareness of digital payments.
Study on impact of demonetization on various sectors by Sachin Bhurase
This document provides a project report on the impact of demonetization on various sectors in India. It discusses the objectives and background of the study, including historical examples of demonetization in India. It then analyzes the impact of the 2016 demonetization on specific sectors like automobiles, consumption, and others. For each sector, it outlines the pros and cons, such as automobiles seeing short term impacts due to purchase deferment but demand reviving in the medium term, while two wheelers saw a high negative impact due to their reliance on cash transactions in rural areas.
Knowledge update 01 sep-14
The document is a newsletter containing 13 sections with various topics. It includes market updates, economic news, legal amendments, seminars, jobs, sports, politics, movies, facts, education, world news, science/technology, and spirituality. The sections provide brief summaries and links to full articles on topics such as the current account deficit narrowing in India, RBI amending Basel 3 norms, Amitabh Bachchan having more Twitter followers than the Indian PM, and it being difficult for BCCI to host its AGM this month.
Demonetization - Impact on the Indian Financial Market
The document summarizes a student project report on the impact of India's 2016 demonetization on its financial market. The report analyzes secondary data from the government and financial institutions to study how demonetization affected areas like the money market, stock market, banks, insurance, and more. The student found that while short-term impacts on citizens were significant, demonetization ultimately achieved the government's goals of reducing black money and increasing digital transactions.
Effects of demonetisation on the retail business of pune
The Modi government’s demonetisation move has had an impact on several sectors, especially real estate. How could
retail be far behind? Given Indian’s propensity to deal in cash, especially when shopping in luxury malls and high streets, retail
will see the short-term impact on sales. The media has already reported how retail sales have dwindled in the immediate aftermath
of the government’s announcement, and how millions of new users are registering on portals offering digital payment services.
The study was conducted by meeting respondents personally and by generating the questionnaire online by means of a Google
spreadsheet, where different retailers of different products were interviewed.
Through this study findings, I could learn that demonetisation negatively affected the middle class the most, followed by the
lower and higher class retail business firms. Surprisingly, the higher class of retail firms was not affected much due to their
dependence on plastic money. In fact, they were also to some extent positively affected as they had many customers seeking them
to dispose of their illegally stored currency notes of Rs. 500 and Rs. 1000.
However, demonetization seems to have largely achieved the objective of its introduction in India, as would the findings of the
study reveal.
I had an amazing experience while doing this research which was full of learnings.
Modi's failed war on 'Black Money'
Modi's failed war on "Black Money"
1) Modi announced the withdrawal of Rs 500 and Rs 1000 notes in November 2016 in an attempt to curb black money, but this has failed to achieve its objectives.
2) Most of the money in these high value notes was actually money in circulation for daily transactions, not unaccounted black money.
3) The move has cost India an estimated 2% loss in GDP, over 22 crore job losses, and tens of lakhs of farmers and small businesses have suffered huge losses.
4) Modi's dream of capturing large amounts of unaccounted money has not been realized, as most banned notes have been deposited in banks.
Demonetisation Hits & Misses: Indian & International Experience
Key Note Address delivered at "National Seminar on Demonetisation" organised by SNGIMS, Coimbatore on Feb 20, 2017. The address focused on how the recent demonetisation in India is a turnkey step in the right direction, which has to be supported by a whole ecosystem of preventive & punitive strategies with 'transaction transparency aided by the digitisation' as the central theme to achieve its desired objectives.
Ppt0tp167
The document discusses the impacts of India's 2016 demonetization policy which removed Rs 500 and Rs 1000 banknotes from circulation. It led to job losses as cash-dependent industries were impacted. GDP growth fell from 8.01% to 7.11% due to less cash availability. While 99% of banned notes were deposited in banks, the economy paid a high cost through lost growth of 1.5% of GDP. Challenges remain in reducing corruption and moving to a less cash-dependent digital economy.
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.
Drawback on demonetisation in india
On November 8th, 2016 the Indian government demonetized Rs. 500 and Rs. 1000 currency notes to curb black money. This created a shortage of cash that slowed economic growth and impacted cash dependent sectors like agriculture. However, it also increased bank deposits and pushed people towards cashless transactions. Overall, demonetization aimed to eliminate black money but faced short term challenges that slowed the economy due to the cash shortage and lack of alternative denominations.
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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.
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Demonetisation in india
- 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.
- 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.