India’s Demonetization, Pros and Cons

India’s Demonetization, Pros and Cons PDF Author: Dr.V.V.L.N. Sastry
Publisher: Idea Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 196

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Book Description
November 8, 2016 declaration by Indian Prime Minister, Narendra Modi that all 500-and 1000-rupee bank notes of the Mahatma Gandhi Series would ease being legal tender from midnight of 9th November 2016 was greeted with shock and dismay. India is, not the first country to demonetize its currency. Several countries have used the practice due to various reasons. The U.S., Ghana, Nigeria, European Union, Soviet Union, North Korea, and Zimbabwe are some of the countries that have demonetized their currencies. The reasons are almost similar to the reasons as to why India demonetized its currency. The Indian government claimed that the objectives of demonetization were to remove fake currency from circulation, tackle terrorism funding, left-wing extremism, remove black money, create a cashless economy, and to convert the informal economy into a formal economy. This was expected to help in expanding the tax-base and employment. However, demonetization had several disadvantages too. It reduced the level of cash in circulation. The cash-crunch was caused by the introduction of the Rs. 2,000 notes into circulation. This high value currency made it difficult to carryout financial transactions due to unavailability of other denominations to match the need for equivalent change. People could not make use of Rs. 2000 notes for to make small purchases. Demonetization also inconvenienced members of the public as the government only abolished certain currency from circulation and kept others. It necessitated people to spend a longtime queuing outside banks and cash machines to get new currency. People lost valuable time that they could have spent undertaking other economically productive activities. It also led to the slowdown of the economic growth while some people even engaged in fraud and corruption. Demonetization, for instance, also provided money changers an opportunity to convert black money to white at no cost. In reality, demonetization affected only a small proportion of the assets accumulated through illegal activities. Another disadvantage of demonetization is that it does not control the source of the illegal funds. This book provides background of demonetization details, pros and cons.

India’s Demonetization, Pros and Cons

India’s Demonetization, Pros and Cons PDF Author: Dr.V.V.L.N. Sastry
Publisher: Idea Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 196

Get Book Here

Book Description
November 8, 2016 declaration by Indian Prime Minister, Narendra Modi that all 500-and 1000-rupee bank notes of the Mahatma Gandhi Series would ease being legal tender from midnight of 9th November 2016 was greeted with shock and dismay. India is, not the first country to demonetize its currency. Several countries have used the practice due to various reasons. The U.S., Ghana, Nigeria, European Union, Soviet Union, North Korea, and Zimbabwe are some of the countries that have demonetized their currencies. The reasons are almost similar to the reasons as to why India demonetized its currency. The Indian government claimed that the objectives of demonetization were to remove fake currency from circulation, tackle terrorism funding, left-wing extremism, remove black money, create a cashless economy, and to convert the informal economy into a formal economy. This was expected to help in expanding the tax-base and employment. However, demonetization had several disadvantages too. It reduced the level of cash in circulation. The cash-crunch was caused by the introduction of the Rs. 2,000 notes into circulation. This high value currency made it difficult to carryout financial transactions due to unavailability of other denominations to match the need for equivalent change. People could not make use of Rs. 2000 notes for to make small purchases. Demonetization also inconvenienced members of the public as the government only abolished certain currency from circulation and kept others. It necessitated people to spend a longtime queuing outside banks and cash machines to get new currency. People lost valuable time that they could have spent undertaking other economically productive activities. It also led to the slowdown of the economic growth while some people even engaged in fraud and corruption. Demonetization, for instance, also provided money changers an opportunity to convert black money to white at no cost. In reality, demonetization affected only a small proportion of the assets accumulated through illegal activities. Another disadvantage of demonetization is that it does not control the source of the illegal funds. This book provides background of demonetization details, pros and cons.

The Demonetization Phenomenon

The Demonetization Phenomenon PDF Author: Prabhat Pankaj
Publisher: Bloomsbury Publishing
ISBN: 9386643103
Category : Business & Economics
Languages : en
Pages : 192

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Book Description
Confused about Demonetization? Not really sure what it was about? Do you have a vague idea but are not sure about certain aspects? Then this is the book for you. Discover the answers to all your queries here, as we explore: -Job prospects after demonetization -What demonetization means for you as a layman -Whether demonetization spells well for all economic classes -India's infrastructural support f or a digital economy -The reforms needed to support demonetization -Its impact on sectors as different as retail, real estate, telecom and banking The storm that swept away all your old currency may have settled down but the landscape it has left behind is a changed one. Inspiring not just a backlash and intense debates but new start-up opportunities, demonetization is still not ready to be relegated to the trash can of history.

The Problem Of Demonetization 2016 And Stability Of Indian Currency The Theory Of Dr. Babasaheb Ambedkar

The Problem Of Demonetization 2016 And Stability Of Indian Currency The Theory Of Dr. Babasaheb Ambedkar PDF Author: Dr. P.S. Khadse
Publisher: BFC Publications
ISBN: 9357645470
Category : Political Science
Languages : en
Pages : 140

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Book Description
The problem of Demonetization 2016 is the problem of economic stability of the currency of the people of India, and it is therefore important to look into it seriously and with the utmost care and caution as it is concerned with the economic life of each citizen of the country.

When Crime Pays

When Crime Pays PDF Author: Milan Vaishnav
Publisher: Yale University Press
ISBN: 0300216203
Category : Political Science
Languages : en
Pages : 434

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Book Description
The first thorough study of the co-existence of crime and democratic processes in Indian politics In India, the world's largest democracy, the symbiotic relationship between crime and politics raises complex questions. For instance, how can free and fair democratic processes exist alongside rampant criminality? Why do political parties recruit candidates with reputations for wrongdoing? Why are one-third of state and national legislators elected--and often re-elected--in spite of criminal charges pending against them? In this eye-opening study, political scientist Milan Vaishnav mines a rich array of sources, including fieldwork on political campaigns and interviews with candidates, party workers, and voters, large surveys, and an original database on politicians' backgrounds to offer the first comprehensive study of an issue that has implications for the study of democracy both within and beyond India's borders.

Understanding Demonetization in India

Understanding Demonetization in India PDF Author: Shrawan Kumar Singh
Publisher: Business Expert Press
ISBN: 1949991067
Category : Business & Economics
Languages : en
Pages : 156

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Book Description
This book examines the very concept, history, critique, and impact on the overall economy and black money, the move toward less-cash economy and digitalization, government–RBI relations, along with an assessment of two years of demonetization. Demonetization has created a severe macroeconomic shock. The measure was humungous in scale and led to a sharp contraction in money supply for a short period. Although demonetization’s proponents have contended that it would cleanse the economy of black money and make transactions more formal and digital, its implementation certainly could have been better. The effects of demonetization on the Indian economy are debatable and will vary by sector. Its effectiveness will be talked about and studied by economists and policy makers for decades to come. Demonetization has made only a minor dent in the GDP. It has helped to bring more people into the tax net and has reduced the size of the informal economy. With the increased use of digital payments, economic transactions become recorded. This book examines the very concept, history, critique, and impact on the overall economy and black money, the move toward less-cash economy and digitalization, government–RBI relations, along with an assessment of two years of demonetization. It would be prudent for the government to focus more on proper institutional reforms to address the issues originating from demonetization.

Costs of Democracy

Costs of Democracy PDF Author: Devesh Kapur
Publisher: Oxford University Press
ISBN: 019909313X
Category : Political Science
Languages : en
Pages : 383

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Book Description
One of the most troubling critiques of contemporary democracy is the inability of representative governments to regulate the deluge of money in politics. If it is impossible to conceive of democracies without elections, it is equally impractical to imagine elections without money. Costs of Democracy is an exhaustive, ground-breaking study of money in Indian politics that opens readers’ eyes to the opaque and enigmatic ways in which money flows through the political veins of the world’s largest democracy. Through original, in-depth investigation—drawing from extensive fieldwork on political campaigns, pioneering surveys, and innovative data analysis—the contributors in this volume uncover the institutional and regulatory contexts governing the torrent of money in politics; the sources of political finance; the reasons for such large spending; and how money flows, influences, and interacts with different tiers of government. The book raises uncomfortable questions about whether the flood of money risks washing away electoral democracy itself.

Indian Business Case Studies Volume VI

Indian Business Case Studies Volume VI PDF Author: S B Mathur
Publisher: Oxford University Press
ISBN: 0192696246
Category : Business & Economics
Languages : en
Pages : 208

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Book Description
It has been decades since many business schools outside India adopted the case study methodology for teaching almost all branches of management studies. This trend has been seen in India, too, where top management institutes have implemented the case study-based methodology as an important pedagogical tool in business education. The major issue in India, however, is a severe shortage of Indian case studies through which business schools can provide industry insights to students. This volume fills that gap. It has twenty Indian cases related to different aspects of business management. The cases cover some of the prominent disciplines of management like marketing, finance, human resource management, strategy management, operations management, accounting, and mergers and acquisitions. These cases best serve the purpose of adoption of 'case methodology' in classroom teaching or online lecture sessions for the faculty and students of business management.

The Black Economy in India

The Black Economy in India PDF Author: Arun Kumar
Publisher: Penguin Books India
ISBN: 9780143028673
Category : Business & Economics
Languages : en
Pages : 434

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Book Description
In this book, the author critically examines the standard explanations for the causes and consequences of black income generation. His analysis lays bare the pernicious effects of black income on the macroeconomy and the resultant inefficiency, waste in the economy and society.

Demonetisation and Black Money

Demonetisation and Black Money PDF Author: C. Rammanohar Reddy
Publisher:
ISBN: 9789352875801
Category : Demonetization
Languages : en
Pages : 0

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Book Description


BRAIN BLOOMERS (VOLUME 2)

BRAIN BLOOMERS (VOLUME 2) PDF Author: Prof. Amitava Basu
Publisher: RED'SHINE Publication. Pvt. Ltd
ISBN: 1387531093
Category : Antiques & Collectibles
Languages : en
Pages : 496

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Book Description