Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 44 views

    Demonitisation in India P.8769700.powerpoint

    Uploaded by

    Yasser Sayed
    The document summarizes key aspects of demonetization in India in November 2016. It defines demonetization as the process of removing certain currency notes from legal tender. On November 8th, the Indian government announced that Rs. 500 and Rs. 1000 notes would no longer be legal tender, and could only be exchanged at banks or post offices until December 30th. The objectives of demonetization included curbing black money, controlling inflation, stopping funding of illegal activities, and promoting a cashless economy. The impacts included reducing the parallel economy and money supply in the short term.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Demonitisation in India P.8769700.powerpoint

    Uploaded by

    Yasser Sayed
    44 views9 pages
    The document summarizes key aspects of demonetization in India in November 2016. It defines demonetization as the process of removing certain currency notes from legal tender. On November 8th, the Indian government announced that Rs. 500 and Rs. 1000 notes would no longer be legal tender, and could only be exchanged at banks or post offices until December 30th. The objectives of demonetization included curbing black money, controlling inflation, stopping funding of illegal activities, and promoting a cashless economy. The impacts included reducing the parallel economy and money supply in the short term.

    Original Description:

    Demonitisation in India

    Original Title

    Demonitisation in India p.8769700.Powerpoint

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document summarizes key aspects of demonetization in India in November 2016. It defines demonetization as the process of removing certain currency notes from legal tender. On November 8th, the Indian government announced that Rs. 500 and Rs. 1000 notes would no longer be legal tender, and could only be exchanged at banks or post offices until December 30th. The objectives of demonetization included curbing black money, controlling inflation, stopping funding of illegal activities, and promoting a cashless economy. The impacts included reducing the parallel economy and money supply in the short term.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    44 views9 pages

    Demonitisation in India P.8769700.powerpoint

    Uploaded by

    Yasser Sayed
    The document summarizes key aspects of demonetization in India in November 2016. It defines demonetization as the process of removing certain currency notes from legal tender. On November 8th, the Indian government announced that Rs. 500 and Rs. 1000 notes would no longer be legal tender, and could only be exchanged at banks or post offices until December 30th. The objectives of demonetization included curbing black money, controlling inflation, stopping funding of illegal activities, and promoting a cashless economy. The impacts included reducing the parallel economy and money supply in the short term.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 9

    Demonetisation AJEENKYA DY PATIL UNIVERSITY

    PUNE

    A PROJECT BY:
    SUNIL JORE
    DIVYA SINGH

    Presented to :
    Snehashish bhattacharya sir
    Definition of demonetization

     Demonetization of Currency -
     Demonetization is a process by which a
    series of currency will not be a legal
    tender. The series of currency will not
    acceptable as valid currency. The same
    thing happened with the Rs. 500 and Rs.
    1000 note demonetization.The old unit
    of currency must be retired and replaced
    with a new currency unit.
    What Happened on Demonetization in India?

     On 8th November 2016, Government of India had announced that from today onward
    rupees 500 and 1000 rupee note will not be a legal tender.
     This means that 500 and 1000 rupee note will be accepted by anyone except the
    organisation declared by government.
     They can change the currency from the banks and post offices till 30th December 2016.
    Background

     There is a background to the current decision of demonetization of 500 and 1000 rupee notes. The government has taken
    few steps in this direction much before its November 8, 2016 announcement.
     1)government had urged people to create bank accounts under Jan Dhan Yojana. They were asked to deposit all the money
    in their Jan Dhan accounts and do their future transaction through banking methods only.
     2)Government initiated was a TAX DECLARATION SCHEME of the income and had given October 30, 2016 deadline for
    this purpose. Through this method, the government was able to mop up a huge amount of undeclared income.
     3)However, there were many who still hoarded the black money, and in order to tackle them; the government announced the
    demonetization of 500 and 1000 currency notes.
    Objectives behind demonetisation

     The government’s stated objective behind the demonetization policy are as follows;
     1) Attempt to make India corruption free.
     2) To curb black money,
     3) To control escalating price rise,
     4) To stop funds flow to illegal activity,
     5) To make people accountable for every rupee they possess and pay income tax return.
     6) Finally, it is an attempt to make a cashless society and create a Digital India.
    Causes
     There can be many causes of
    Demonetization in any economy some of
    them are : Introduction of New
    Currency ,Black Marketing, Currency
    Storage, Corruption and others.
     There will be excess fake currency in the
    economy is main reason of
    demonetization.
    Impact of demonetization

     1) Effect on parallel economy: The removal of these 500 and 1000 notes and
    replacement of the same with new 500 and 2000 Rupee Notes is expected to - remove
    black money from the economy as they will be blocked since the owners will not be in
    a position to deposit the same in the banks, - Temporarily stall the circulation of large
    volume of counterfeit currency and - curb the funding for anti-social elements like
    smuggling, terrorism, espionage, etc.
     2) Effect on Money Supply: With the older 500 and 1000 Rupees notes being
    scrapped, until the new 500 and 2000 Rupees notes get widely circulated in the
    market, money supply is expected to reduce in the short run. To the extent that
    black money (which is not counterfeit) does not re-enter the system, reserve
    money and hence money supply will decrease permanently. However gradually
    as the new notes get circulated in the market and the mismatch gets corrected,
    money supply will pick up.

    .
    Interesting, right?
    This is just a sneak preview of the full presentation. We hope you like it! To see the
    rest of it, just click here to view it in full on PowerShow.com. Then, if you’d like, you
    can also log in to PowerShow.com to download the entire presentation for free.

    You might also like