Advantages Of Demonetization Of Currency

impact of demonetization on Indian Economy. This wok concentrates on highlighting the advantages and disadvantages of the move by the government . This paper tries to explore the negative and positive aspects of recent demonetization of Indian Economy. The reader of this paper would be getting the knowledge about the pros, cons and consequences of demonetization of Indian economy. KEYWORDS: Demonetization, circulation, Re-monetization, counterfeiting, legal tender. INTRODUCTION: Demonetization is the

DEMONETIZATION Demonetization is the act of stripping out a currency unit as legal tender. It happens when change of national currency takes place. The form of money in circulation is pulled out and discarded, which might or often are replaced with new notes and coins. Many a times, a country replaces the old currency with the new ones completely. There can be several reasons why a government wants to enforce demonetization. Some of them are to discourage a cash-dependent economy, to counter inflation

A STUDY ON DEMONETIZATION Monika.K,Geetha.B,Aishwarya.M II B.Com ‘B’ K.C.S Kasi Nadar College Of Arts &Science INTRODUCTION Demonetization is the act of stripping a currency unit of its status as legal tender. It occurs whenever there is a change of national currency: The current form or forms of money is pulled from circulation and retired, often to be replaced with new notes or coins. Demonetization refers to an economic policy where a certain currency unit ceases to

DEMONETIZATION Demonetization is the act of stripping out a currency unit as legal tender. It happens when change of national currency takes place. The form of money in circulation is pulled out and discarded, which might or often are replaced with new notes and coins. Many a times, a country replaces the old currency with the new ones completely. There can be several reasons why a government wants to enforce demonetization. Some of them are to discourage a cash-dependent economy, to counter inflation

DEMONETIZATION Demonetization is the act of stripping out a currency unit as legal tender. It happens when change of national currency takes place. The form of money in circulation is pulled out and discarded, which might or often are replaced with new notes and coins. Many a times, a country replaces the old currency with the new ones completely. There can be several reasons why a government wants to enforce demonetization. Some of them are to discourage a cash-dependent economy, to counter inflation

Demonetization is the act of detaching a currency unit of its status as legal tender. Demonetization is necessary whenever there is a change of national currency. It also helps to wipe out the black money and black market activities. The rural areas in particular, which do not have formal sources of banking, also deal largely in cash. Demonetization also aims to boost the digital transactions in all area. While formal modes of payments such as debit and credit cards, net-banking and digital wallets

major currency denominations – Rs 1000 and Rs 500 notes. This change has resulted in a boost in digital means of transactions. At the same time there are a lot more ramifications for the larger public. OBJECTIVES Stop cash funded terrorism. Reforms:Banking sector needs. Curb black money. Move towards cashless economy. Other than the expected results, few interesting changes has occurred due to this initiative. Like, barter system is making a comeback in rural India with the demonetization drive

Based Question Nearly all of the reasons for agrarian discontent in the late 19th century stem from three areas: land, transportation, and money. The farmers were fighting the perceived threats posed by monopolies and trusts, railroads, and the demonetization of silver. The American farmer during this period already had his fair share of problems which, compared to the success of the industrialized businessmen, resulted in much of the animosity between the two groups. The fact of the matter was farmers

Long ago the region of Central Asia emerged as one of the most important crossroads that facilitated the trade between East and West. The modern territory of the Republic of Kazakhstan once hosted northern routes of fabled Silk Road and served as ancient trade hub, conjunction of trade channels, consequently supporting significant development of China, India, Europe, Egypt and others. Soviet period brought the region into integrated economic space with relatively efficient system; however, it was

factors of a firm can be analyzed by the economic, legal, technological, social, demographic and political impacts. The Macro environment factors can also be referred as PESTLE Analysis. Political-The demonetization move, in November 2016, of the Indian government, scrapping of 500 and 1000-rupee currency notes has been proven a profitable step for Paytm. According to Bloomberg Technology, “In a country where there’re fewer than 25 million credit cards for population of over a billion, One97 Communications’