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  • Demonetization

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    ABDUL RAHMAN M
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    This document discusses India's demonetization that occurred in 2016 when Prime Minister Narendra Modi banned Rs. 500 and Rs. 1000 currency notes. The goals were to reduce black money, corruption, counterfeit cash, and move toward a cashless economy. Some impacts included increased digital transactions, a dent in GDP growth, and decreased inflation. Advantages included increased bank deposits, improved currency circulation, and ability to trace black money. Disadvantages were public panic, halted economic development, and needing to recalibrate ATMs.

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    demonetization

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    This document discusses India's demonetization that occurred in 2016 when Prime Minister Narendra Modi banned Rs. 500 and Rs. 1000 currency notes. The goals were to reduce black money, corruption, counterfeit cash, and move toward a cashless economy. Some impacts included increased digital transactions, a dent in GDP growth, and decreased inflation. Advantages included increased bank deposits, improved currency circulation, and ability to trace black money. Disadvantages were public panic, halted economic development, and needing to recalibrate ATMs.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    10 views10 pages

    Demonetization

    Uploaded by

    ABDUL RAHMAN M
    This document discusses India's demonetization that occurred in 2016 when Prime Minister Narendra Modi banned Rs. 500 and Rs. 1000 currency notes. The goals were to reduce black money, corruption, counterfeit cash, and move toward a cashless economy. Some impacts included increased digital transactions, a dent in GDP growth, and decreased inflation. Advantages included increased bank deposits, improved currency circulation, and ability to trace black money. Disadvantages were public panic, halted economic development, and needing to recalibrate ATMs.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 10

    INDIAN ECONOMY

    By...
    ..

    P .Suthar Singh...
    MEANING OF
    DEMONETISATION

    1. Demonetisation is the act of


    stripping a currency unit of its status
    as legal tender.
    2. The old unit of currency must be
    retired and replaced with new
    currency unit.
    DEMONETISZATION IN INIDA
    BANNED IN HIGH VALUE
    CURRENCY NOTES OF Rs.
    500 and 1000.

    In attempt to rid
    India’s economy of
    black money,
    benami transactions
    and corruption, prime
    Minister Narendra
    modi on the midnight
    of November 8, 2016
    announced.
    REASON

    1.Black money
    2. Corruption

    + The aim was reduce counterfeit


    cash used to fund criminal
    activities and create a cashless
    economy.
    IMPACT DEMONETISATION

    1. Digital transactions have increased over the years.

    2. A deep hurt to economic sentiment

    3. Dent in GDP growth

    5. Inflation become down


    ADVANTAGE

     Increases Deposite with the bank

     Improve currency circulation

     Helpful in tracing blackmoney

     Helps in countering illegal activities


    DISADVANTAGES
    1. Causes panic among the public

    2. Halt in the economic development

    3. Recalibration of ATMs

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