Advantage And Disadvantages Of Demonetization

However, nowadays, the vending machines don’t accept pennies and payphones have become obsolete and not used because everyone has their own phone. Also, the U.S. has some experience with eliminating defunct currency. In 1857, they stopped minting the half cent coin, equivalent to about 11 cents today, after Congress realized that its purchasing power and cost of production had made it impractical (Wing 4). The move led to no immediate or long-term effects on the value of U.S. currency just like the penny would. While eliminating the penny will save the country money, the elimination will also save people’s time.

“What’s in a name? That which we call a rose by any other name would smell as sweet.”

Approximately 715,000,000 bills weighing 7,000 tons are shredded every year. This number accounts for 3% of the total value of paper money in circulation. Why are more one dollar bills shredded than one hundred dollar bills each year? This is because one dollar bills are more often used to buy goods and services each year than one hundred dollar bills. Consequently, one dollar bills have shorter

Reservation for certain classes might be taken with a pinch of salt for the rest simply because there seems inconsistency with the equality which is so guaranteed by our constitution. But the essence behind reservation is no longer to bring back the archaic institution of differential classification, it is merely efforts made by the government to uplift the disadvantages section.

It is a parallel economy, which weakens the foundation of any country. It is estimated that in India, the total amount of black money is Rs. 3 lakh crore. It is huge if we see that the total money in circulation is only Rs.17 lakh crore. With this single master stroke of demonetization

“Parliamentary: systems in which governments must enjoy the support of a legislative majority in order to exist are classified as parliamentary” (Cheibub, 2007). From my own personal view I didn’t realise that there were so many differences between the Presidential system and the Parliamentarism system. If we take a look at our own country we see that it is a Presidential system that we abide to, which unfortunately has very little advantages to go with it compare to the United States where the only form of government that would seem to work there is Presidentialism. They have a trust worthy system there compare to what I believe in Ireland is largely dominated by what I believe, our corrupt government. The president of Ireland is very much a ceremonial figure and has

"The ‘miracles’ performed by credit are fundamentally comparable to the ‘miracles’ an association of counterfeiters could perform for its benefit by lending its forged banknotes in return for interest. In both cases, the stimulus to the economy would be the same, and the only difference is who benefits."

Bitcoin is a platform which serves the role of intermediaries exactly as a traditional institution. It helps in making it harder to cheat in transactions and reduction in the value of credibility lent trusted intermediaries. A lack of trust becomes less of an impediment to trade opening up financial market participants (Obstfeld and Rogoff. 334). It is able to save cost, speeds up the clearing and settlement, as well as brings the reduction of the operational risks. It could also help implement tailor-made transactions protocol which means it would keep transaction detail confidential and the supervisors are able to receive the records as the same time. It improves the bargaining power of sellers and buyers when they deal with brokers which can be it’s most significant function (Dirk 1).

because of very slow procedure many people suffer serious problem. Everyone has their livelihood and problems so they have deal with it anyhow. The demonetization also leads to currency destruction. Individuals have burnt their cash and discarded the same which is a loss to economy .the government has to bear the cost of printing and circulating new currency. This directly affects the tax payers because the cost of printing new currency is deducted from the taxes they

Demonetization of currency means banning of the particular currency and replacing it with a new currency. In the current context it is the banning of the 500 and 1000 denomination currency notes as a legal tender.

Shortly after learning what bitcoin is, one begins to ponder if there are advantages or disadvantages of bitcoin? Of course, there are some advantages of bitcoin for its uniqueness as a crypto currency that has no comparison. A perfect "nothing" is impossible according to quantum mechanics, so bitcoin also has few imperfections. Read on to find out both about this digital currency.

Demonetization is a radical monetary step stripping a currency unit of its status as legal tender. It

The first aspect is “customer knowledge” it is necessary to know what your customers advantages and disadvantages are. Implying awareness of key customer characteristics that are relevant to your organization’s business processes. You will also need to analyze the different types of customers you have and how each customer type interacts with the business. The Information System helps to get the date of different customers when purchasing different products. When purchasing a product the customer’s needs to insert data such as “name”, “date of birth”, “address”, whether the individual is married, his preferences, as well as analytical characteristics such as purchasing patterns or credit worthiness all these information creates a data base

A. You are the supervisor of an eight-person procurement office for a manufacturing company. You need to hire a mid-level employee to work purchasing and contracting actions for the company. What procurement- and supply management-related knowledge, skills, and abilities would you look for in someone applying for this mid-level position, and why?

So, people who can explain how they earned the money also show that they been paying the taxes are allowed to keep it, but people with holding more than 250,000 rupees in cash has to explain the source of the money to tax authorities. People found them selves lacking the money for basic transactions, like buying supplies and retail businesses came to a standstill because people hoarded the little cash they had for supplies. The government did not print the new bills until after the announcement and not did it recalibrate ATM to dispense the new bills. There was long lines formed at the few ATM that were operating, but many of them ran out of bills. The printing presses have only churned out more than $50 billions rupees, but the government was initially forced to limit ATM. ATM was limited to give out only 2,500 rupees and banks was limited to give out 24,000 rupees per week. About a third of business India is done with black money and in a heavily regulated economy. Government officials invest much of this money in real estate and not only is the property purchased with black money. The sellers pay less tax than they should because the prices have been understated. So if people just start hoarding the new bills? The government say that in order to work and plan has to inflict enough pain on tax avoiders that they change their behavior. If people keep their money in banks and more will be available for lending or people will become accustomed to paying taxes. There are many