Vol. 4, Issue 12, Part D (2018)

Abstract
Demonization is the reinterpretation of polytheistic deities as evil, lying demons by other religions, generally monotheistic and henotheistic ones. Corruption and terrorism and the root cause of these problems are black money. Therefore the black money is playing lead role in our country. The BJP government lead by our Prime Minister Mr. Narendra Modi took a massive step which was to demonetise the two major currency notes of rupees 500 and 1000 in order to curb the menace of black money prevalent in the society on 8th November 2016. This paper is throwing the light on the position of black money in India and the effect of demonetization on black money.