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Vol. 3, Issue 6, Part I (2017)
Demonetisation in India: Expectations and effects so far
Demonetisation in India: Expectations and effects so far
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Abstract
Prime Minister of India on 8th Nov, 2017 suddenly announced the Government of India’s decision to demonetise currency notes of Rs. 500 and Rs. 1,000. The decision was taken to curb the menace of corruption and black money. Apart from this, it was expected that use of illicit and counterfeit cash to fund illegal activity and terrorism will also be curtailed after demonetisation. This article reviews the short term results and effects of demonetisation so far on Indian Economy.
Prime Minister of India on 8th Nov, 2017 suddenly announced the Government of India’s decision to demonetise currency notes of Rs. 500 and Rs. 1,000. The decision was taken to curb the menace of corruption and black money. Apart from this, it was expected that use of illicit and counterfeit cash to fund illegal activity and terrorism will also be curtailed after demonetisation. This article reviews the short term results and effects of demonetisation so far on Indian Economy.
Pages: 619-621 | 1166 Views 100 Downloads
How to cite this article:
Dr. Rajinder Singh. Demonetisation in India: Expectations and effects so far. Int J Appl Res 2017;3(6):619-621.
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