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.
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.
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.
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!!!!!
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.
Presentation on Demonetization in India Priyanshu7078
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
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.
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.
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.
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.
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!!!!!
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.
Presentation on Demonetization in India Priyanshu7078
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
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.
This article is about the 2016 decision to demonetise 500- and 1000-rupee banknotes. It is not to be confused with The High Denomination Bank Notes (Demonetisation) Act, 1978.
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.
Demonitisation and its effect on indian economyArijeet Dutta
Demonetization refers to the Indian government's decision on November 8, 2016 to remove Rs 500 and Rs 1000 banknotes from circulation. This was done to curb black money, corruption, and counterfeit currency. It has led to short-term hardship as over 85% of currency was removed overnight. However, it is expected to have long-term positive impacts by reducing black money, corruption, and use of fake currency to fund illegal activities. While some sectors face liquidity issues in the short-run, in the long-run it may lead to greater financial inclusion, reduced inflation, lower interest rates, and increased tax revenues as more money enters the formal economy. Economists believe that after initial disruptions, demon
Demonetisation - Indian 500 and 1000 rupee note banBhavesh Singh
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
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.
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 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.
impact of demonetization.Shivanandppt.pptx1803simsShivanand Rai
Demonetization initially disrupted rural agricultural markets in India due to a cash shortage. However, informal credit systems between farmers and retailers helped minimize the crisis. The government also took measures like allowing farmers to purchase seeds with old notes. As a result, demonetization had little impact on Rabi crop sowing and production. While cash transactions have largely returned to normal, suggestions are made to further promote digitization in rural areas through incentives to encourage cashless payments long-term.
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.
A study on understanding the concept of demonetization with reference to MBA ...Syed Valiullah Bakhtiyari
This research is fully based on primary data and it has been collected first hand by the researcher itself, since the respondents were students pursuing master's in business administration it becomes very interesting to know the new age jargon of demonetization.
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.
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.
This document discusses the reasons for and impacts of India's demonetization that took place in November 2016. It aimed to reduce corruption through lowering tax evasion, reducing black money, terrorist funding, and fake currency. Statistics show that Rs. 15.44 lakh crore worth of Rs. 500 and Rs. 1000 notes were in circulation, forming 86% of total currency. As of December 9th, 80% of these had been deposited. Digital payments increased substantially in the aftermath. While cash transactions face issues like enabling parallel economies and corruption, digitization increases transparency but reduces privacy. The move impacts small businesses and various sectors of the Indian economy.
Demonetization has severely impacted India's agricultural sector, which relies heavily on cash transactions and accounts for nearly half of India's workforce. The removal of high-value currency notes invalidated 86% of India's cash, disrupting farmers' ability to purchase seeds, fertilizers, and other supplies due to lack of funds. While short-term effects included reduced crop sowing and prices crashing as produce rotted, long-term impacts may include investment in agriculture through recovery of black money, lower interest rates, and improved irrigation. However, rural farmers distant from banks face significant difficulties unless solutions reach them.
This document discusses the impact of India's 2016 demonetization on the agricultural sector. It defines demonetization and outlines its objectives, including eliminating black money. It then discusses the history of demonetization in India and includes images of newspaper clippings from previous demonetizations. The document analyzes both the short-term and long-term impacts, noting farmers initially faced difficulties due to a lack of cash but that demonetization may eventually lead to increased investment in agriculture and lower interest rates. Overall, the document examines how India's effort to curb black money through demonetization affected the country's farming community.
Reforms in banking sector after demonitisationVikas Singh
The document summarizes reforms in India's banking sector, particularly related to demonetization. It discusses two committees from the 1990s that proposed major banking reforms in India. It then covers the impacts and effects of demonetization in 2016, including the growth of digital banking and non-cash transactions. Both benefits and costs of demonetization are reviewed, such as expanded tax base but also economic slowdown. The future of India's banking sector is seen to involve increased technology and financial inclusion through digital services.
What happened on 8th Nov, 2016 and all of its positive side are demonstrated via "DEMONETISATION".
This PRESENTATION gives a brief idea about effects on black money, corruption, terror funding, fake currency and on others system.
The document discusses the concept of demand, including:
1) Demand analysis is essential for businesses to understand sales, production, costs, pricing, inventory, and profit planning.
2) Effective demand refers to when a consumer is willing and able to purchase a good.
3) Demand is determined by willingness and ability to pay, and is influenced by price, income, tastes, and other factors.
4) There are different types of demand curves that show the relationship between price and quantity demanded, income and quantity demanded, and how related goods impact demand.
5) The law of demand states that, all else equal, quantity demanded increases when price decreases.
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.
This article is about the 2016 decision to demonetise 500- and 1000-rupee banknotes. It is not to be confused with The High Denomination Bank Notes (Demonetisation) Act, 1978.
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.
Demonitisation and its effect on indian economyArijeet Dutta
Demonetization refers to the Indian government's decision on November 8, 2016 to remove Rs 500 and Rs 1000 banknotes from circulation. This was done to curb black money, corruption, and counterfeit currency. It has led to short-term hardship as over 85% of currency was removed overnight. However, it is expected to have long-term positive impacts by reducing black money, corruption, and use of fake currency to fund illegal activities. While some sectors face liquidity issues in the short-run, in the long-run it may lead to greater financial inclusion, reduced inflation, lower interest rates, and increased tax revenues as more money enters the formal economy. Economists believe that after initial disruptions, demon
Demonetisation - Indian 500 and 1000 rupee note banBhavesh Singh
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
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.
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 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.
impact of demonetization.Shivanandppt.pptx1803simsShivanand Rai
Demonetization initially disrupted rural agricultural markets in India due to a cash shortage. However, informal credit systems between farmers and retailers helped minimize the crisis. The government also took measures like allowing farmers to purchase seeds with old notes. As a result, demonetization had little impact on Rabi crop sowing and production. While cash transactions have largely returned to normal, suggestions are made to further promote digitization in rural areas through incentives to encourage cashless payments long-term.
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.
A study on understanding the concept of demonetization with reference to MBA ...Syed Valiullah Bakhtiyari
This research is fully based on primary data and it has been collected first hand by the researcher itself, since the respondents were students pursuing master's in business administration it becomes very interesting to know the new age jargon of demonetization.
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.
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.
This document discusses the reasons for and impacts of India's demonetization that took place in November 2016. It aimed to reduce corruption through lowering tax evasion, reducing black money, terrorist funding, and fake currency. Statistics show that Rs. 15.44 lakh crore worth of Rs. 500 and Rs. 1000 notes were in circulation, forming 86% of total currency. As of December 9th, 80% of these had been deposited. Digital payments increased substantially in the aftermath. While cash transactions face issues like enabling parallel economies and corruption, digitization increases transparency but reduces privacy. The move impacts small businesses and various sectors of the Indian economy.
Demonetization has severely impacted India's agricultural sector, which relies heavily on cash transactions and accounts for nearly half of India's workforce. The removal of high-value currency notes invalidated 86% of India's cash, disrupting farmers' ability to purchase seeds, fertilizers, and other supplies due to lack of funds. While short-term effects included reduced crop sowing and prices crashing as produce rotted, long-term impacts may include investment in agriculture through recovery of black money, lower interest rates, and improved irrigation. However, rural farmers distant from banks face significant difficulties unless solutions reach them.
This document discusses the impact of India's 2016 demonetization on the agricultural sector. It defines demonetization and outlines its objectives, including eliminating black money. It then discusses the history of demonetization in India and includes images of newspaper clippings from previous demonetizations. The document analyzes both the short-term and long-term impacts, noting farmers initially faced difficulties due to a lack of cash but that demonetization may eventually lead to increased investment in agriculture and lower interest rates. Overall, the document examines how India's effort to curb black money through demonetization affected the country's farming community.
Reforms in banking sector after demonitisationVikas Singh
The document summarizes reforms in India's banking sector, particularly related to demonetization. It discusses two committees from the 1990s that proposed major banking reforms in India. It then covers the impacts and effects of demonetization in 2016, including the growth of digital banking and non-cash transactions. Both benefits and costs of demonetization are reviewed, such as expanded tax base but also economic slowdown. The future of India's banking sector is seen to involve increased technology and financial inclusion through digital services.
What happened on 8th Nov, 2016 and all of its positive side are demonstrated via "DEMONETISATION".
This PRESENTATION gives a brief idea about effects on black money, corruption, terror funding, fake currency and on others system.
The document discusses the concept of demand, including:
1) Demand analysis is essential for businesses to understand sales, production, costs, pricing, inventory, and profit planning.
2) Effective demand refers to when a consumer is willing and able to purchase a good.
3) Demand is determined by willingness and ability to pay, and is influenced by price, income, tastes, and other factors.
4) There are different types of demand curves that show the relationship between price and quantity demanded, income and quantity demanded, and how related goods impact demand.
5) The law of demand states that, all else equal, quantity demanded increases when price decreases.
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.
History of Currency : Ancient Coinage, paper, Indian Rupee
Evolution Coins, to paper to Bank Money
Financial Inclusion
Reforms - Adhar cards,Jan Dhan Yojana, GST
Benefits of GST
Why demonetisation is needed?
Suggested by Dr. Ambedkar
Benefits - Unearthing Black Money, Revenue to Govt., Shift to Bank Money
welcomed globally.
Short-term pains
Definition of Demonetisation, introduction, process to exchange demonetized currency notes, exceptions for withdrawal, reasons behind demonetisation. why demonetisation become masterstroke by PM Modi, evasion attempts after demonetisation, positive and negative effects, results and conclusion on Demonetisation.
The document discusses the economic concept of demand. It defines demand as the quantity of a product that consumers are willing and able to purchase at various price levels. Demand is determined by factors such as price, income, tastes, and population. The law of demand states that, all else equal, demand decreases as price increases. However, there are some exceptions such as Giffen goods where demand increases with price. The document also discusses individual demand, market demand, demand curves, determinants of demand, and extensions/contractions in demand.
Prime Minister Narendra Modi announced that Rs 500 and Rs 1000 banknotes would no longer be legal tender as of midnight. This was an act of demonetization in India aimed at combating black money and corruption. Demonetization involves removing a currency's status as legal tender and replacing it with a new currency. Previous examples of demonetization in other countries are discussed.
The document summarizes the potential economic consequences of India's demonetization of 500 and 1000 rupee notes in November 2016. It is expected to reduce black money in the parallel economy by blocking cash holdings. In the short run, money supply and demand may decrease until new notes circulate, potentially lowering prices of goods purchased with cash like real estate. Various sectors relying on cash, like agriculture and small businesses, may face short-term disruptions. However, alternative payment methods and the formal economy are expected to strengthen in the long run.
This presentation is just designed in public interest and also to make the term DEMONETIZATION lucid to understand. Dont forget to hit like button before you proceed to download. And stay tuned to my channel so that I can serve you better by providing you ppt on current topics............
The document provides background information on India's demonetization initiative in 2016. It discusses how the Indian government made high denomination banknotes of Rs. 500 and Rs. 1000 invalid, and introduced new notes of Rs. 2000 and Rs. 500. The key objectives were to curb black money, counterfeit currency, and terror funding. It outlines the operational guidelines issued, potential benefits like reducing corruption and inflation. Short term impacts included cash shortages and economic disruptions. Long term benefits may include greater tax compliance, reduced real estate prices, and boosting digital payments. Ensuring adequate currency supplies and support measures were important considerations for the policy.
The document provides a history of Indian currency and an overview of demonetization in India. It discusses how the Rs 500 and Rs 1000 notes were banned on November 8, 2016 in an effort to curb black money, counterfeit currency, and terrorist financing. It outlines both the goals and criticisms of the demonetization policy, including incomplete planning, cash shortages, economic slowdowns, and mixed public reactions. The presentation concludes by discussing how demonetization can promote Prime Minister Modi's "Digital India" and cashless economy initiatives.
Two Years After Demonetization:Impact on Indian Economy.pptDrTazeentajMahat
Explains the demonetization and its impact on the economy.The RBI spent close to Rs 13,000 crore over the next two years to remonetise Indian money market in post-demonetisation phase. New notes of Rs 500 and Rs 2,000 were introduced. The designs were markedly different from the recalled ones. This escalated the cost of printing as it had several new features.
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.
The document provides an introduction and overview of demonetization in India. It discusses the history of demonetization in India, including instances in 1946, 1978, and most recently in 2016 when the government demonetized Rs. 500 and Rs. 1000 currency notes. It outlines the objectives and relevance of studying the impact of demonetization on the Indian economy. The scope of the study includes analyzing short to medium term effects on various sectors such as agriculture, automobiles, real estate, aviation, travel, banking, consumer durables, and healthcare. It concludes with a brief discussion of reviewing related literature.
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.
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.
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.
The Indian rupee has depreciated significantly against the US dollar over time. It was initially a silver-based currency but became paper-based after WWI due to silver shortages. The value of the rupee declined during the 1960s due to war and drought, trading at 6 pence compared to 24 pence previously. Economic crises in the 1990s and 2013 further weakened the rupee. Its current fall is due to factors like a rising trade deficit, slowing GDP growth, and foreign investor withdrawals amid global uncertainties. For the rupee to stabilize, India must balance imports/exports and implement proper monetary and fiscal policies.
Demonetization - Impact on the Indian Financial MarketKeshin Pandit
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.
Demonetisation and its impact on indian economySupriya Sharma
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.
Demonetization has had widespread impacts across various sectors in India. In the short term, it has caused a liquidity crunch as 86% of currency was withdrawn without replacement. This has particularly hurt daily wage earners and small traders who rely on cash. Several sectors like agriculture, real estate, and automobiles are experiencing slowdowns due to their reliance on cash transactions. However, demonetization may provide long term benefits by reducing black money and increasing transparency. The banking sector is expected to benefit from a boost in deposits.
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
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.
DEMONETISATION IN INDIA AND ITS IMPACT SREEKESH VP
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
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.
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.
India is facing demonetization problem then what is affect on development of human life. Main thing What is contribution's our.
It is not first time our country is facing demonetization probele.But important thing we should face this problem with a unity.
Individual Determinants of Consumer BehaviourPeter vinosh
This document discusses various theories of personality and their implications for understanding consumer behavior. It covers Freudian theory which suggests unconscious drives influence behavior. Neo-Freudian theory emphasizes social relationships in personality development. Trait theory approaches personality as a set of traits. The document also discusses self-concept and how personality traits relate to consumer segmentation, innovation adoption, and responsiveness to marketing messages. Memory and learning processes are also examined in the context of consumer behavior.
Industrial marketing (or business-to-business marketing) is the marketing of goods and services by one business to another. Industrial goods are those an industry uses to produce an end product from one or more raw materials.
Green marketing enables companies to satisfy the expectations of customers, communities and government leaders regarding environmentally friendly operations. Companies at the forefront of green marketing may attract more customers and generate greater revenue. Also, the push for green marketing impacts preservation of natural resources upon which companies rely
services marketing is a specialised branch of marketing. Services marketing emerged as a separate field of study in the early 1980s, following the recognition that the unique characteristics of services required different strategies compared with the marketing of physical goods.
The most significant trend of 2016 will be the ‘Platformification’ of banking, where both existing banks and startups begin a strategic shift towards becoming banking platforms, much like how Amazon is a platform in retail.”
Credit rating is an analysis of the credit risks associated with a financial instrument or a financial entity. It is a rating given to a particular entity based on the credentials and the extent to which the financial statements of the entity are sound, in terms of borrowing and lending that has been done in the past.
A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry. A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.
The document summarizes the history and characteristics of stock exchanges in India. It notes that the first stock exchange was established in Bombay in 1877, followed by exchanges in Ahmadabad and Calcutta. There are now 24 recognized stock exchanges in India. The two major exchanges are the Bombay Stock Exchange (BSE), established in 1887, and the National Stock Exchange (NSE), established in 1992 to modernize the Indian capital market. The document outlines the role of stock exchanges in providing liquidity to capital markets, facilitating continuous trading of securities, and promoting economic development.
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An organization's strategy combines all of its marketing goals into one comprehensive plan. A good marketing strategy should be drawn from market research and focus on the product mix in order to achieve the maximum profit and sustain the business. The marketing strategy is the foundation of a marketing plan.
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
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2. History of India’s Demonetizes Currency
The Indian rupee (INR) is the official currency of the Republic of
India. The rupee is subdivided into 100 paise (singular paisa), though
as of 2011 only 50 paise coins are tender. The issuance of the currency
is controlled by the India. The Reserve Bank manages currency in
India and derives its role in currency management on the basis of the
Reserve Bank of India Act, 1934. The rupee is named after the silver
coin, rupiya, first issued by Sultan Sher Shah Suri in the 16th century
and later continued by the Mughal Empire.
In 2010, a new symbol was officially adopted. It was derived from the
combination of the Devanagari consonant “र (ra) and the Latin capital
letter “R” without its vertical bar (similar to the R rotunda). The
parallel lines at the top (with white space between them) are said to
make an allusion to the tricolor Indian flag. and also depict an equality
sign that symbolizes the nation’s desire to reduce economic disparity.
The first series of coins with the new rupee symbol started in
circulation on 8 July 2011.
3. In a major step to check undeclared black money, the Government of
India on the 8 November 2016 announced demonetization of Rs 500
and Rs1000 banknotes with effect from the same day’s midnight,
making these notes invalid. Apart from combating black money, the
stated purpose is also to check fake currency (used to finance terrorism)
and corruption. A new redesigned series of Rs500 banknote, in addition
to a new denomination of Rs 2000 banknote is in circulation since 10
November 2016.
4. History and Background
The sudden move to demonetize Rs 500 and Rs1,000
currency notes is not new. Rs 1,000 and higher denomination
notes were first demonetized in January 1946 and again in
1978.
The highest denomination note ever printed by the Reserve
Bank of India was the Rs 10,000 note in 1938 and again in
1954. But these notes were demonetized in January 1946 and
again in January 1978, according to RBI data.
Rs 1,000 and Rs 10,000 bank notes were in circulation prior
to January 1946. Higher denomination banknotes of Rs 1,000,
Rs 5,000 and Rs 10,000 were reintroduced in 1954 and all of
them were demonetized in January 1978.
The Rs 1,000 note made a comeback in November 2000. Rs
500 note came into circulation in October 1987. The move
was then justified as attempt to contain the volume of
banknotes in circulation due to inflation.
5. Here is the list of Countries where Demonetization was a Big Disaster
for Government
Soviet Union
In the year 1991, Mikhail Gorbachev Government banned the
currency note of Ruble 50 and 100 in Soviet Union to end black
money in the country. Government expected that it will decrease
the market of black money and give a proper life to common
people. But this decision of Gorbachev took a very wrong turn and
people started doubting on government and because of this he also
faced the problem of change of government.
Ghana
In 1982, government of Ghana demonetized currency notes of
Cedi 50 to control black money in the country. But after this
people lost their faith from the economy policies of the country,
and after few days, when time period of exchanging notes ended
then crores of money were found on roads.
6. Congo
Dictator Mobutu Sese made some changes with currency of Congo for
the smooth running of economy during 90s. However, these changes
didn’t give any better result of it in economy. Resultant prices of
necessity goods increased and share market saw a heavy downfall.
Myanmar
Military government discontinued currency notes in Myanmar in 1987
with the same thought of end of black money and corruption. But this
led political dispute among government and resultant thousands of
people died because of this. And so, demonetization came to an end.
Nigeria
In 1984, Muhammadu Buhari was the President of Nigeria, that time he
started new currency notes with design and colour to bring economy in
stable position. But it didn’t bought any changes in the economy and
resultant Buhari resigned from his position. It took long 21 years for
him to become President again.
7. North Korea
In 2010, dictator Kim Jong-2 changed made some changes with
currency to lower down the market of black money and to
improve the economy of the country. But this decision of Kim
Jong saw opposite face of it in economy. Price of necessity goods
increased and this led people to become angry on this decision
and resultant Kim Jong murdered finance minister and asked for
apology.
8. Demonetization on Kerala Economy
The committee to study the impact of demonetization on the state
economy of Kerala appointed by the Kerala State Planning Board and
Submitted its interim report. The interim report points out that
demonetization have brought about a huge cash shortage, with severe
restrictions on access to currency. The shortage has a significant impact
in the Indian economy, which has a relatively high cash-to-GDP ratio
and in which more than 90 percent of transactions are estimated to be
in cash. The immediate consequence of the cash crunch has been a
severe curtailment of effective demand.
A number of features of Kerala’s economy have made it particularly
vulnerable to the adverse impact of the poorly planned and
implemented demonetization exercise.
9. First, cash transactions are predominant in the state’s economy.
Secondly, some of the major contributors by sector to the state’s
economy are in the informal or unorganised sector, where cash
transactions dominate. Millions of people in Kerala are dependent on
incomes gained in the traditional sectors of fisheries, coir,
handlooms, and cashew processing as well as in crop and plantation
agriculture. More than a two and half million migrant workers work
as wage labourers in the state. Thirdly, the three-tiered cooperative
banking structure, with PACS at the bottom of the pyramid, is an
overwhelmingly large part of the financial structure. Fourthly,
outside of the financial structure, Kerala has a cooperative sector that
is an important component of manufacturing and services activity,
which banks substantially with the cooperative banking sector.
Fifthly, earnings from tourism are an important share of Kerala's
state income. Lack of access to cash deals a blow to tourism.
10. Sixthly, remittances play an important part in Kerala's economy, and
the economic constraints caused by the present policy can cause
disruption in the flow of remittances. These features, inter alia,
contribute to the intensity of the impact of the demonetization on the
state’s economy and its people.
The impact of the demonetization in terms of the cash deficit and its
consequences has been particularly severe in Kerala also because of
the distinct character of its banking sector, in which the cooperative
sector and the Primary Cooperative Societies play a central role.
Overall, the cooperative banking sector is much more active and
vibrant in Kerala than elsewhere. As a result, over 70 percent of the
deposits in PACS in India come from Kerala; over 70 percent of the
non-agricultural loans and advances made in India are made in Kerala;
and over 15 percent of the agricultural loans and advances disbursed in
India are disbursed in Kerala.
11. Thus, the notifications issued by the Reserve Bank of India after the
November 8 withdrawal of 500 and 1000 rupee notes (especially on
November 14), which kept the cooperative banks and societies out of
the note exchange process, was particularly damaging for Kerala.