These slides tell you Demonization was really a success or a real Failure. These slides will help you in understand the Parts of demonetization and also SWOT analysis of demonetization.
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.
This document provides balance sheet, profit and loss account, and cash flow statements for State Bank of India from March 2005 to March 2010. It shows the bank's total assets grew from Rs. 459,882.8 crore in 2005 to Rs. 964,432.08 crore in 2009. Net profit increased from Rs. 4,304.52 crore to Rs. 9,121.23 crore over the same period. Key financial ratios like return on net worth and interest spread remained healthy, demonstrating the bank's strong and steadily growing financial position over the years.
The document summarizes the key events surrounding India's demonetization in 2016. It discusses how the Indian government unexpectedly announced that Rs. 500 and Rs. 1000 banknotes would no longer be valid legal tender. The goal was to curb black money and counterfeiting. However, the sudden move led to severe cash shortages and economic disruptions as people scrambled to exchange their notes. While some initially supported the initiative, it faced significant criticism for its poorly planned implementation and negative economic impacts.
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.
HDFC Bank was the first bank to receive approval from the Reserve Bank of India to operate as a private sector bank. It began operations in 1995 and has grown to become one of the largest banks in India. The bank focuses on retail, wholesale, and treasury banking. It has a widespread network across India and offers a variety of loan and deposit products to its customers. HDFC Bank aims to maintain high ethical standards and customer focus. It has a strong capital base and earns most of its revenue from interest income. In 2008, HDFC Bank acquired Centurion Bank of Punjab, significantly increasing its size and market share.
The document provides information on banking in India. It defines banking as accepting deposits that are repayable on demand for the purpose of lending and investment. It discusses the key functions of commercial banks like accepting deposits and lending. It also outlines the banking system in India, including the roles of the Reserve Bank of India and State Bank of India. Major trends in the banking sector include the rise of electronic payments and digital banking services like internet banking, mobile banking, and real-time fund transfers.
Bank of Baroda (BoB) is one of the largest public sector banks in India with over 5000 branches globally. It was founded in 1908 in Baroda, Gujarat by the Maharaja of Baroda. Over the years, BoB has expanded both within India and internationally. In 1969, it was nationalized along with 13 other major banks. Today, BoB offers a wide range of banking products and services to corporate and retail customers. It has received several awards recognizing its leadership and customer service. BoB has a strong presence both within India and globally across over 20 countries.
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.
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.
This document provides balance sheet, profit and loss account, and cash flow statements for State Bank of India from March 2005 to March 2010. It shows the bank's total assets grew from Rs. 459,882.8 crore in 2005 to Rs. 964,432.08 crore in 2009. Net profit increased from Rs. 4,304.52 crore to Rs. 9,121.23 crore over the same period. Key financial ratios like return on net worth and interest spread remained healthy, demonstrating the bank's strong and steadily growing financial position over the years.
The document summarizes the key events surrounding India's demonetization in 2016. It discusses how the Indian government unexpectedly announced that Rs. 500 and Rs. 1000 banknotes would no longer be valid legal tender. The goal was to curb black money and counterfeiting. However, the sudden move led to severe cash shortages and economic disruptions as people scrambled to exchange their notes. While some initially supported the initiative, it faced significant criticism for its poorly planned implementation and negative economic impacts.
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.
HDFC Bank was the first bank to receive approval from the Reserve Bank of India to operate as a private sector bank. It began operations in 1995 and has grown to become one of the largest banks in India. The bank focuses on retail, wholesale, and treasury banking. It has a widespread network across India and offers a variety of loan and deposit products to its customers. HDFC Bank aims to maintain high ethical standards and customer focus. It has a strong capital base and earns most of its revenue from interest income. In 2008, HDFC Bank acquired Centurion Bank of Punjab, significantly increasing its size and market share.
The document provides information on banking in India. It defines banking as accepting deposits that are repayable on demand for the purpose of lending and investment. It discusses the key functions of commercial banks like accepting deposits and lending. It also outlines the banking system in India, including the roles of the Reserve Bank of India and State Bank of India. Major trends in the banking sector include the rise of electronic payments and digital banking services like internet banking, mobile banking, and real-time fund transfers.
Bank of Baroda (BoB) is one of the largest public sector banks in India with over 5000 branches globally. It was founded in 1908 in Baroda, Gujarat by the Maharaja of Baroda. Over the years, BoB has expanded both within India and internationally. In 1969, it was nationalized along with 13 other major banks. Today, BoB offers a wide range of banking products and services to corporate and retail customers. It has received several awards recognizing its leadership and customer service. BoB has a strong presence both within India and globally across over 20 countries.
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.
A study on financial analysis of hdfc bankMehul Rasadiya
The document provides information about HDFC Bank, including its founder Hasmukh Bhai Parekh, incorporation in 1994, board of directors, major functions, capital structure, network across India and internationally, key accounts, new logo and tagline, services offered, achievements, vision, mission, values, and financial analysis including various ratios. The bank focuses on understanding customer needs, leveraging technology, quality over quantity, and employee growth. It has a growing network across India and internationally and aims to increase its market share while maintaining standards.
This document is a term paper submitted by Raj Kapoor Bhardwaj for the degree of B.com (Hons) at Rajdhani College, University of Delhi under the supervision of Miss Jyoti Kasana. It discusses the impact of the Indian government's 2016 demonetization of Rs. 500 and Rs. 1000 banknotes. In the acknowledgment and declaration sections, Bhardwaj thanks his supervisor Miss Kasana and declares that the paper represents his original work. The paper then discusses the meaning, background, purpose, operational guidelines, impacts in the short and long term, effects on the economy and key sectors, and overall impact of demonetization in India.
The document provides information about Komal Pandya's summer internship project at Rajkot Nagrik Shakari Bank. It includes a 1-2 sentence summary of each main section, which are:
1) An overview of the bank's history dating back to 1953 and details about its growth over time with increasing deposits, advances, and profits.
2) Details of Komal Pandya's research project on creating awareness about debt instruments at the bank, including the objectives, methodology, data collection and analysis.
3) A list of the bank's main products and services offered to customers such as demand drafts, money transfers, check collection, current accounts and more.
HDFC Bank Financial Analysis & Industry Comparison 2017Harsh Bohra
Content of this presentation includes Indian Banking Industry Structure, Bank classification in India, Growth of Public & Private Sector Banks in India, Bank Credit & Systemic Credit, Financial Analysis including CASA Ratio, Gross and Net NPA's, ATMs and Branches penetration comparison of HDFC Bank with State Bank of India, Bank of Baroda, ICICI Bank, AXIS Bank and Canara Bank, Deposits & Advances, Interest Incomes & Expanded, Business Model of HDFC Bank, Merger & Acquisition and Revenue Stream and Expansion Plans.
Solved Comprehensive Project Cbse Class 12 Accountancy ProjectDan John
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise boosts blood flow and levels of neurotransmitters and endorphins that elevate and stabilize mood.
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.
Muthoot Finance is India's largest gold loan NBFC. It provides gold loans to individuals and businesses, with over 3,000 branches across India. Muthoot has been successful due to its large branch network in Southern India, where 85-90% of gold loans are concentrated. It offers gold loans with quick processing, minimum documentation, and lower interest rates than other lenders. While dependent on gold prices, Muthoot has consistently grown its revenues and profits over the past years through its market leading position in the gold loan industry.
A project report on study of banking products and investment behavior of cons...Projects Kart
This document provides a summary of a report on a study of banking products and investment behavior of consumers. It begins with an introduction to the Indian banking system, including new business opportunities in India and major foreign banks operating in the country. It describes investment strategies in India and provides an overview of Standard Chartered Bank, the products it offers including savings accounts, ULIPs, and mutual funds. The report methodology and findings from analyzing consumer investment patterns are presented across several chapters. Key areas of analysis include identifying potential customers, influential factors in investment decisions, and strategies to better tap the market.
Microfinance provides small loans, savings, insurance and other financial services to low-income individuals who lack access to traditional banking services. In India, microfinance helps the estimated 26-50% of the population that lives below the poverty line, as well as the 87% of poor households without access to formal credit. Common microfinance models in India include self-help groups which pool savings and offer small loans, and the Grameen Bank model of groups of five joint-liability borrowers. The self-help group model dominates microfinance in India, facilitated by the National Bank for Agriculture and Rural Development. Microfinance has grown substantially over the last decade but there remains massive unmet demand, as over $30 billion is
The Union Bank of India was established in 1919 in Mumbai and was inaugurated by Mahatma Gandhi. It grew from only 4 branches in 1947 to 240 branches in 28 states by 1975 when it was nationalized. Since then it has expanded further through mergers with other banks and the acquisition of branches. It now has over 2200 branches within India and branches in other countries. The bank provides various services like loans, credit cards, and online services through its core banking solution platform.
The document discusses the concept of balance of payments (BOP) and balance of trade (BOT) of Pakistan. It defines BOP and BOT, explains the difference between the two, and outlines the key components and significance of BOP. Specifically, it notes that BOP accounts for all monetary transactions between a country and the rest of the world, and must sum to zero. It also discusses Pakistan's history with BOP deficits and surpluses, as well as factors that influence its BOP and methods to correct imbalances.
State Bank of India (SBI) is India's largest bank. It was founded in 1806 and is majority owned by the government of India. SBI has over 17,000 branches across India and internationally. The document discusses SBI's strategic evolution over time in response to changes in ownership, governance, business processes, and structures. It analyzes SBI's competitors, products, marketing mix, SWOT analysis, and external environment using PEST and Porter's Five Forces frameworks. The analysis identifies SBI as the market leader and a "cash cow" given its continued growth and profitability.
HDFC Bank was founded in 1994 and was the first new generation private sector bank. It has over 5,000 branches across India and provides a variety of banking and financial services to individual and corporate customers. The bank has experienced significant growth in recent years in terms of revenue, profits, assets, and number of employees. It aims to provide world-class banking services using best practices and innovative products while maintaining high service quality and risk management standards.
Axis Bank was established in 1994 as one of the first new generation private sector banks in India after the government allowed entry of new private banks. It has grown to become one of the largest private sector banks in India with over 1,200 branches and 6,000 ATMs across the country. The bank was formerly known as UTI Bank but changed its name to Axis Bank in 2007.
summer internship project report on union bank of indiaabhishek rane
The document is a summer internship report submitted by Abhishek Krishnakumar Rane for their Master of Management Studies program through BES's Institute of Management Studies and Research. The report discusses a project conducted at Union Bank of India on opportunities in the power sector and assessing credit viability of power projects. It provides an overview of Union Bank of India, including its vision, mission, history and products/services. It also examines the bank's financial performance, strategies, and departments like marketing, finance, and HR. The report aims to gain comprehensive knowledge of the power sector and analyze various aspects of power project financing in India.
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.
Project on SBI -
I would like to acknowledge a deep sense of gratitude to Mr. Hitesh Rawat, Senior Manager of State Bank of India at Kalbadevi Road, Mumbai for giving me the opportunity & time to work on this project and given me all vital input which has led to completion of this project. Without their guidance this project would have remained in pipe dream.
I am also thankful to State Bank of India employees, who directly & indirectly extended their co-operation and invaluable support to me
Solved Cbse Class 12 Accountancy Full Project(Comprehensive Project, Ratio An...Dan John
I assure you that this project of mine will fetch you a very good score.
Good Luck!!
Go to the links below for the following...
Solved Comprehensive Project Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-comprehensive-project-cbse-class-12-accountancy-project
Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit and Loss - Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-accounting-ratios-with-balance-sheetvertical-and-statement-of-profit-and-loss-cbse-class-12-accountancy-project
Solved Cash Flow Statements with Balance Sheet (vertical) and Notes to Accounts - Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-cash-flow-statements-with-balance-sheet-vertical-and-notes-to-accounts-cbse-class-12-accountancy-project
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Demonetization is the discontinuation of a currency unit in circulation and replacing it with a new one. India demonetized 86% of its currency on November 8th, 2016 by removing Rs. 500 and Rs. 1000 notes from circulation. The major reasons for India's demonetization were to tackle issues like shadow economy, counterfeit currency, and terror financing. Some rationales included boosting bank deposits and savings, improving monetary transmission to reduce lending rates, and supporting government finances through increased tax collections. However, demonetization also caused short-term inconvenience and cash shortages that impacted businesses and daily wage earners.
A study on financial analysis of hdfc bankMehul Rasadiya
The document provides information about HDFC Bank, including its founder Hasmukh Bhai Parekh, incorporation in 1994, board of directors, major functions, capital structure, network across India and internationally, key accounts, new logo and tagline, services offered, achievements, vision, mission, values, and financial analysis including various ratios. The bank focuses on understanding customer needs, leveraging technology, quality over quantity, and employee growth. It has a growing network across India and internationally and aims to increase its market share while maintaining standards.
This document is a term paper submitted by Raj Kapoor Bhardwaj for the degree of B.com (Hons) at Rajdhani College, University of Delhi under the supervision of Miss Jyoti Kasana. It discusses the impact of the Indian government's 2016 demonetization of Rs. 500 and Rs. 1000 banknotes. In the acknowledgment and declaration sections, Bhardwaj thanks his supervisor Miss Kasana and declares that the paper represents his original work. The paper then discusses the meaning, background, purpose, operational guidelines, impacts in the short and long term, effects on the economy and key sectors, and overall impact of demonetization in India.
The document provides information about Komal Pandya's summer internship project at Rajkot Nagrik Shakari Bank. It includes a 1-2 sentence summary of each main section, which are:
1) An overview of the bank's history dating back to 1953 and details about its growth over time with increasing deposits, advances, and profits.
2) Details of Komal Pandya's research project on creating awareness about debt instruments at the bank, including the objectives, methodology, data collection and analysis.
3) A list of the bank's main products and services offered to customers such as demand drafts, money transfers, check collection, current accounts and more.
HDFC Bank Financial Analysis & Industry Comparison 2017Harsh Bohra
Content of this presentation includes Indian Banking Industry Structure, Bank classification in India, Growth of Public & Private Sector Banks in India, Bank Credit & Systemic Credit, Financial Analysis including CASA Ratio, Gross and Net NPA's, ATMs and Branches penetration comparison of HDFC Bank with State Bank of India, Bank of Baroda, ICICI Bank, AXIS Bank and Canara Bank, Deposits & Advances, Interest Incomes & Expanded, Business Model of HDFC Bank, Merger & Acquisition and Revenue Stream and Expansion Plans.
Solved Comprehensive Project Cbse Class 12 Accountancy ProjectDan John
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise boosts blood flow and levels of neurotransmitters and endorphins that elevate and stabilize mood.
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.
Muthoot Finance is India's largest gold loan NBFC. It provides gold loans to individuals and businesses, with over 3,000 branches across India. Muthoot has been successful due to its large branch network in Southern India, where 85-90% of gold loans are concentrated. It offers gold loans with quick processing, minimum documentation, and lower interest rates than other lenders. While dependent on gold prices, Muthoot has consistently grown its revenues and profits over the past years through its market leading position in the gold loan industry.
A project report on study of banking products and investment behavior of cons...Projects Kart
This document provides a summary of a report on a study of banking products and investment behavior of consumers. It begins with an introduction to the Indian banking system, including new business opportunities in India and major foreign banks operating in the country. It describes investment strategies in India and provides an overview of Standard Chartered Bank, the products it offers including savings accounts, ULIPs, and mutual funds. The report methodology and findings from analyzing consumer investment patterns are presented across several chapters. Key areas of analysis include identifying potential customers, influential factors in investment decisions, and strategies to better tap the market.
Microfinance provides small loans, savings, insurance and other financial services to low-income individuals who lack access to traditional banking services. In India, microfinance helps the estimated 26-50% of the population that lives below the poverty line, as well as the 87% of poor households without access to formal credit. Common microfinance models in India include self-help groups which pool savings and offer small loans, and the Grameen Bank model of groups of five joint-liability borrowers. The self-help group model dominates microfinance in India, facilitated by the National Bank for Agriculture and Rural Development. Microfinance has grown substantially over the last decade but there remains massive unmet demand, as over $30 billion is
The Union Bank of India was established in 1919 in Mumbai and was inaugurated by Mahatma Gandhi. It grew from only 4 branches in 1947 to 240 branches in 28 states by 1975 when it was nationalized. Since then it has expanded further through mergers with other banks and the acquisition of branches. It now has over 2200 branches within India and branches in other countries. The bank provides various services like loans, credit cards, and online services through its core banking solution platform.
The document discusses the concept of balance of payments (BOP) and balance of trade (BOT) of Pakistan. It defines BOP and BOT, explains the difference between the two, and outlines the key components and significance of BOP. Specifically, it notes that BOP accounts for all monetary transactions between a country and the rest of the world, and must sum to zero. It also discusses Pakistan's history with BOP deficits and surpluses, as well as factors that influence its BOP and methods to correct imbalances.
State Bank of India (SBI) is India's largest bank. It was founded in 1806 and is majority owned by the government of India. SBI has over 17,000 branches across India and internationally. The document discusses SBI's strategic evolution over time in response to changes in ownership, governance, business processes, and structures. It analyzes SBI's competitors, products, marketing mix, SWOT analysis, and external environment using PEST and Porter's Five Forces frameworks. The analysis identifies SBI as the market leader and a "cash cow" given its continued growth and profitability.
HDFC Bank was founded in 1994 and was the first new generation private sector bank. It has over 5,000 branches across India and provides a variety of banking and financial services to individual and corporate customers. The bank has experienced significant growth in recent years in terms of revenue, profits, assets, and number of employees. It aims to provide world-class banking services using best practices and innovative products while maintaining high service quality and risk management standards.
Axis Bank was established in 1994 as one of the first new generation private sector banks in India after the government allowed entry of new private banks. It has grown to become one of the largest private sector banks in India with over 1,200 branches and 6,000 ATMs across the country. The bank was formerly known as UTI Bank but changed its name to Axis Bank in 2007.
summer internship project report on union bank of indiaabhishek rane
The document is a summer internship report submitted by Abhishek Krishnakumar Rane for their Master of Management Studies program through BES's Institute of Management Studies and Research. The report discusses a project conducted at Union Bank of India on opportunities in the power sector and assessing credit viability of power projects. It provides an overview of Union Bank of India, including its vision, mission, history and products/services. It also examines the bank's financial performance, strategies, and departments like marketing, finance, and HR. The report aims to gain comprehensive knowledge of the power sector and analyze various aspects of power project financing in India.
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.
Project on SBI -
I would like to acknowledge a deep sense of gratitude to Mr. Hitesh Rawat, Senior Manager of State Bank of India at Kalbadevi Road, Mumbai for giving me the opportunity & time to work on this project and given me all vital input which has led to completion of this project. Without their guidance this project would have remained in pipe dream.
I am also thankful to State Bank of India employees, who directly & indirectly extended their co-operation and invaluable support to me
Solved Cbse Class 12 Accountancy Full Project(Comprehensive Project, Ratio An...Dan John
I assure you that this project of mine will fetch you a very good score.
Good Luck!!
Go to the links below for the following...
Solved Comprehensive Project Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-comprehensive-project-cbse-class-12-accountancy-project
Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit and Loss - Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-accounting-ratios-with-balance-sheetvertical-and-statement-of-profit-and-loss-cbse-class-12-accountancy-project
Solved Cash Flow Statements with Balance Sheet (vertical) and Notes to Accounts - Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-cash-flow-statements-with-balance-sheet-vertical-and-notes-to-accounts-cbse-class-12-accountancy-project
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Demonetization is the discontinuation of a currency unit in circulation and replacing it with a new one. India demonetized 86% of its currency on November 8th, 2016 by removing Rs. 500 and Rs. 1000 notes from circulation. The major reasons for India's demonetization were to tackle issues like shadow economy, counterfeit currency, and terror financing. Some rationales included boosting bank deposits and savings, improving monetary transmission to reduce lending rates, and supporting government finances through increased tax collections. However, demonetization also caused short-term inconvenience and cash shortages that impacted businesses and daily wage earners.
Demonetization aims to curb corruption and black money by removing high denomination banknotes from circulation. It will impact the economy in both positive and negative ways in the short term. Positively, it could reduce inflation, increase deposits in banks for lending, and promote cashless transactions. Negatively, it could severely inconvenience the public, cost the RBI to print new currency, and hit sectors that rely on cash like services. In the long run, demonetization aims to promote transparency, attract investors, and strengthen the financial system by tracking money flows, though big tax evaders may still find ways to hide black money.
The document provides an overview and analysis of the Indian economy based on the Economic Survey 2016-17. Some key points:
1. The survey uses "Big Data" for the first time, analyzing goods and people movement across India from GSTN data.
2. Growth rates in 2016-17 are estimated at 7% overall, with agriculture at 4.1%, industry at 5.2%, and services at 8.8%.
3. Major events of the period include demonetization, GST implementation, setting up of the Monetary Policy Committee, and cleaning bank balance sheets of NPAs.
4. Key economic indicators show declining fiscal deficit, narrowing current account deficit, increasing F
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.
On 8 November 2016, the Government of India announced the demonetization of all ₹500 (US$7.80) and ₹1,000 (US$16) banknotes of the Mahatma Gandhi Series.
Impact of Demonetization on Finance sector. Sandesh S Chimbalkar T.Y.BBI KSD'...Sandesh S Chimbalkar
A Research paper on Impact on Demonetization of Finance sector with regard to tax collections and perceptions of Chartered Accountants regarding the same.
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.
Demonetisation + GST Law + Income tax = combating black money and demonetisat...Vishal Malpani
On November 8, 2016 the Indian government announced the demonetization of Rs. 500 and Rs. 1000 currency notes to curb corruption, terrorism, and black money. This led to a cash crunch that temporarily impacted sectors like agriculture and transportation that rely on cash transactions. In response, the government implemented new tax policies like the Goods and Services Tax (GST) and income tax amendments along with initiatives like Operation Clean Money to identify suspicious cash deposits post-demonetization. While demonetization and the new policies adversely impacted some sectors in the short-run, they are expected to increase transparency and tax revenues in the long run by moving India towards a less cash-based, digital economy.
Demonetisation and its effect on the black economyOKEKE chizoba
Demonetization is the process of ceasing to produce and circulate particular forms of currency. The Indian government recently demonetized high-value banknotes to curb black money in the economy. This will impact sectors that rely heavily on cash transactions like real estate and movies. In the long run, demonetization could lower bank lending rates, increase tax revenues as black money is recovered, and push more households towards formal banking increasing financial inclusion. However, it may not fully address the root causes of black money generation unless mechanisms are introduced to track the new currency notes.
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.
The document provides an assessment of the macroeconomic and sectoral impact of India's 2016 demonetization announcement. In 3 sentences: It finds demonetization will negatively impact near-term GDP growth but improve liquidity and lower rates. Several sectors like real estate, autos, discretionary spending will see negative effects due to their reliance on cash transactions. However, the banking system and sectors less dependent on cash like IT and pharma may benefit from increased deposits and improved liquidity conditions over the medium term.
The document discusses key economic indicators of India such as GDP growth, contributors to GDP, tax receipts, government expenditures, fiscal deficits, and their implications. It analyzes graphs showing India's strong GDP growth over the decades, rising contribution of the services sector to GDP, high government spending on interest payments and subsidies, and increasing fiscal deficits reflecting a growing debt burden on the government. The rising deficits are a concern as they are driven by non-developmental expenditures and could limit the government's ability to fund important infrastructure projects.
Reform India's Oppressive Tax System
The author argues that India's taxation system needs reform, as it is overly complex with many exemptions and deductions, and the overall tax burden on citizens is around 50-60% which is too high. The author proposes simplifying the personal income tax system with standard deductions and adjusting the GST tax rates and coverage. The author estimates that these reforms along with reducing government spending could generate an additional Rs. 2-2.5 lakh crore annually for the public exchequer. Overall tax rates should be reduced by 5% which could raise revenues by 15-20%, while cutting government employee salaries and establishment costs by 10% each could save Rs. 1.5-
Demonetization has been a bold step of our present Government. The real result of it on our nation will be seen in coming year. But here is my study on immediate effects of demonetization on various sectors. I hope it helps..
Demonetization has been a bold step of our present Government. The real result of it on our nation will be seen in coming year. But here is my study on immediate effects of demonetization on various sectors. I hope it helps..
The Union Finance Minister Shri Arun Jaitley tabled the Economic Survey 2016-17 today, the first day of the Budget Session of the Parliament. The Economic Survey says that the adverse impact of demonetisation on GDP growth will be transitional and the economy will recover with remonetisation. The Survey states that once the cash supply is replenished, which is likely to be achieved by end of March 2017, the economy would revert to normal. The GDP growth in 2017-18, as per the survey, is projected to be in the range of 6¾-7½ percent.
The Survey suggests a few measures to maximise long-term benefits and minimise short-term costs. One, fast remonetisation and early elimination of withdrawal limits. This would reduce GDP growth deceleration and cash hoarding. Two, continued impetus to digitalisation while ensuring that this transition is gradual and inclusive, and appropriately balances the costs and benefits of cash versus digitalisation. Three, following up demonetisation by bringing land and real estate into the GST. Four, reducing tax rates and stamp duties.
This is an analysis and brief overview document on the Survey
India Economic Survey 2017 by Edelman IndiaAklanta Kalita
The Union Finance Minister Shri Arun Jaitley tabled the Economic Survey 2016-17 today, the first day of the Budget Session of the Parliament. The Economic Survey says that the adverse impact of demonetisation on GDP growth will be transitional and the economy will recover with remonetisation. The Survey states that once the cash supply is replenished, which is likely to be achieved by end of March 2017, the economy would revert to normal. The GDP growth in 2017-18, as per the survey, is projected to be in the range of 6¾-7½ percent.
The Survey suggests a few measures to maximise long-term benefits and minimise short-term costs. One, fast remonetisation and early elimination of withdrawal limits. This would reduce GDP growth deceleration and cash hoarding. Two, continued impetus to digitalisation while ensuring that this transition is gradual and inclusive, and appropriately balances the costs and benefits of cash versus digitalisation. Three, following up demonetisation by bringing land and real estate into the GST. Four, reducing tax rates and stamp duties.
The Union Budget 2015 proposed several key reforms including:
(a) Reducing the corporate tax rate to 25% over the next four years while withdrawing exemptions, (b) Introducing a goods and services tax (GST) planned for April 2016, and (c) Enacting a new bankruptcy code and financial sector reforms such as a public debt management agency. The budget also aimed to boost investment, ease business regulations, and increase spending on infrastructure and social programs through measures like setting up a national investment fund. However, the budget faced some criticism for not providing enough relief for individuals and leaving many still wanting more substantial reforms.
- Demonetization of Rs. 500 and Rs. 1000 currency notes has significantly impacted retailers in India. Small retailers relying on cash transactions have seen a major slump in sales, while organized retailers have faced a drop in store footfalls and sales.
- Online retailers have also seen a dip in sales of around 50% due to a decrease in cash-on-delivery orders in the aftermath of demonetization.
- In the long run, as customers increasingly adopt digital payments, retailers expect sales and footfalls to return to normal levels. Demonetization is aimed at curbing black money, corruption, and use of illicit funds to sponsor terrorism.
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2. It is too premature to conclude if the Demonetization scheme of the
Government is a success or failure. These Slides brings to you the
arguments on both sides, without attempting to arrive at a
judgment.
(Before proceeding further, you can read Following posts by
Economyria)
Demonetization of currency in India: Explained
The Impact of Demonetization
3. DEMONETIZATION: A FAILURE
According to the recently released RBI report, 98.86 % of the high-denomination notes that were
demonetized have been deposited into the banks. Before demonetization, the official estimate was
that around 20% of the notes (which is black money) will not return. To put this into perspective, in the
Demonetization of 1976 and 1978, about 14 % and 10 %, of high denomination currency respectively
did not return to the system.
The banned notes that did not return would have led to a reduction in liabilities of the RBI. This is
because the currency issued is a liability for the RBI. Hence, it was predicted that the notes that did not
return will have the impact akin to confiscation of money and this money could be used to recapitalize
the banking system.
4. DEMONETIZATION: A FAILURE
It was also expected that RBI’s dividend to the Government would increase due to a reduction of its
liabilities as explained in the previous point. Instead, RBI’s dividend to the Government fell by half
(Rs.30659 crore) in the year ended June 2017. This reduced transfer was due to increased expenditure
due to demonetization.
The increased expenditure was on account of the cost of printing currency post demonetization and
managing the logistics, which amounted to a whopping Rs.30000 crore.
5. DEMONETIZATION: A FAILURE
RBI had to incur huge costs in paying interests. Post demonetization, banks were flushed with excess
liquidity. They made large deposits with RBI.
There has been no significant dent on corruption and terrorism.
The Indian economy grew at 5.7% in the June quarter 2017 from 6.1% in the last quarter. Though it is
not sure that the decline in GDP growth rate is due to demonetization.
6. DEMONETIZATION: A FAILURE
Lastly, though the digital transactions reached a peak in November 2016 due to cash crunch imposed
by demonetisation, it has been declining since. It increased to record Rs.957.50 million in November
2016 and gradually declined to Rs.862.38 million in July 2017. The Government has failed to sustain the
momentum.
7. DEMONETIZATION: A SUCCESS
Demonetization is only one of the many initiatives taken by the Government to root out black money.
Others are Benami Property Act, GST etc. It cannot be analyzed in isolation.
Even if close to 100 % of the notes have returned to the banking system, it does not mean that the
black money has been converted into white. The Operation Clean Money project was launched in
January 2017 to scrutinize the deposited cash of the people.
8. DEMONETIZATION: A SUCCESS
The Government could identify lakhs of shell companies due to increase in their deposits post-
demonetisation and launched a systematic crackdown against the black money generated by them.
(Read more: All you wanted to Know about the Government’s War Against Shell Companies).
All money has been brought into the formal financial system. The Government has details of all those
who deposited cash and so it is more difficult to evade taxes. It has led to increased compliance as
well as tax revenues.
13. CONCLUSION
To conclude, we are yet to experience the long run to make an analysis on the impact of
Demonetization. Also, the Government failed miserably to assess the effects of demonetization and
hence, could not be credited for the collateral benefits of Demonetization, but has to take all
responsibility for its failure.
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