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ISSN Print: 2394-7500, ISSN Online: 2394-5869, CODEN: IJARPF

Impact Factor: RJIF 5.2

International Journal of Applied Research

Vol. 3, Issue 1, Part K (2017)

Demonetization in India-A cleanliness drive against the black money

Author(s)
Deepika, Nisha, Ratish Kumar and Lekh Raj
Abstract
The current demonetization policy of Government of India (GOI) is the buzzing topic in every nook and corner of India. Demonetization is done for the overall economic development for India. There are various advantages and disadvantages of the demonetization drive. Recently the Indian government decided to demonetize the biggest denomination notes i.e. 500-1000 Rupees notes, this step has been declared as a master stroke for the Indian economy There are multiple reasons why a country demonetizes its currency i.e. to check the inflation, to curb the corruption and to promote the cashless transactions. This paper elucidates the impact of such a move on the economy, its positive and negative effect on our economy.
Pages: 780-782  |  492 Views  20 Downloads
How to cite this article:
Deepika, Nisha, Ratish Kumar and Lekh Raj. Demonetization in India-A cleanliness drive against the black money. International Journal of Applied Research. 2017; 3(1): 780-782.
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