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Demonetisation Of Indian Currency Essay Examples

Demonetisation Of Indian Currency - Free Essay Examples and Topic Ideas

Demonetisation of Indian currency refers to the decision taken by the Indian government to ban the circulation of certain denominations of currency notes, thereby rendering them invalid as legal tender. The initiative was aimed at curbing black money, counterfeit currency, terrorism financing, and corruption. The affected denominations were replaced with new notes and coins. The move triggered a massive disruption in the Indian economy, causing widespread confusion and inconvenience to the public, but was also lauded by some for its potential long-term benefits.

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  1. 1
    Demonetisation of 500 and 1000 Rupee Banknotes in India
    Words • 3205
    Pages • 12

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    It’s my immense pleasure to express my sincere gratitude to Prof. Rajnish Jindal under whose supervision I took this project. It was through his support, advice & guidance that I was able to complete this project. I'm also very thankful to my parents who encouraged me and my friends who supported me enormously while making this project. “Demonetisation is not the end but beginning of a long deep and constant battle against black money and corruption. It will benefit the…
    Demonetisation Of Indian CurrencyIndian Culture
  2. 2
    Demonetization A Blessing in Disguise or the Economy’s Demise
    Words • 1457
    Pages • 6

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    On November 7th, 2016, India’s Prime Minister Mr. Narendra Modi announced the invalidation of the Rs.500 and Rs.1000 notes with the aim of reducing corruption, ‘’black money’’ (Sharma)- money which has been earnt but no taxes have been paid for it (and then gets circulated in a parallel ‘shadow’ economy, commonly known as the black market)- and to make India a more digitalized economy. Modi “Intended to take money derived from tax evasion out of circulation” (Sharma). The government hoped…
    Demonetisation Of Indian Currency
  3. 3
    GST & Demonetisation Impact on Indian Financial Stability
    Words • 2340
    Pages • 9

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    Abstract If technology and data analytics has delivered results around demonetisation and direct taxes, the GST goes one step ahead on the GST and indirect taxes front, through the linkages of databases - big and small - that is wired into the Goods and Services Tax Network. The governor in his financial stability report published by RBI said that the withdrawal of specified bank notes will impart far reaching changes going forward. Raising concerns about stress in the banking sector,…
    Demonetisation Of Indian CurrencyIndia
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