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    Demonetisation and Its Effect

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    Krishna Prince M M
    Effects of Demonetization on Indian Economy

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    Demonetisation and Its Effect

    Uploaded by

    Krishna Prince M M
    61 views8 pages
    Effects of Demonetization on Indian Economy

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    Demonetisation and its Effect

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    Effects of Demonetization on Indian Economy

    Copyright:

    © All Rights Reserved
    Download as PPSX, PDF, TXT or read online from Scribd
    Download as ppsx, pdf, or txt
    61 views8 pages

    Demonetisation and Its Effect

    Uploaded by

    Krishna Prince M M
    Effects of Demonetization on Indian Economy

    Copyright:

    © All Rights Reserved
    Download as PPSX, PDF, TXT or read online from Scribd
    Download as ppsx, pdf, or txt
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    AIMS

    Demonetisation
    And Its Effect
    Introduction
     Demonetization means discontinuity of particular currency from circulation and
    replacing it with a new currency.

     Earlier, demonetization was done in the year 1946 and 1978 but with no
    accomplishment.

     It was the 3rd time when our honorable Prime Minister Shri. Narendra Modi announced
    the demonetization in India and scrapped the notes from Indian economy.

     According to a report published by Reserve Bank of India, approximately 99.3% or Rs.


    15.30 lakh crore demonetized banknotes had been deposited back to the banking
    system.
    Objectives of the Study
     To know the reasons for demonetizing the high denomination
    currencies
     To analyze the sector-wise impact of demonetisation on economy
     To explore the effect of demonetisation on economic growth
    Reasons for demonetizing the high
    denomination currency
     To curb black money
     To hit the fake currency racket
     To curb corruption
     To stop funding unlawful activity like terrorism
    Demonetisation - Planned or Planned Move?
     Appointing a Special Investigation Team (SIT)
     Implementing the ‘Black Money Act, 2015’ (Undisclosed Foreign Income and
    Assets). A 90 day compliance window was provided, where the GOI allowed a
    person to make a declaration of undisclosed assets located outside India.
     Implementing the Pradhan Mantri Jan DhanYojana (PMJDY) scheme, licensing
    of ‘Mobile Wallets’ / ‘Payment Banks’ as a measure of ‘Financial inclusion’.
     Linking of bank account with Aadhar and subsidies through Aadhar-linked
    bank accounts.
     Necessitating the disclosure of all bank account details in income tax returns.
     Implementing an income disclosure scheme (IDS) 2016, + 
    Sector-wise impact of
    demonetisation on economy
    1. Real estate and Property 1. Retail
    2. Gems and Jewellery 2. Agriculture
    3. Banks and NBFC’s 3. Labour-intensive sectors
    4. Media and Entertainment 4. Steel and cement Industry
    industry 5. FMCG
    5. Hospitality and tourism 6. Corporations
    6. Luxury items 7. IT, utility & tele-
    7. Automobiles communication
    Effect of demonetisation on
    economic growth
     Gross Domestic Product(GDP)  Digital Payment
     Inflation  Employment
     Tax collection  Stock Market
     Balance of payment  Small Scale Industries
     FOREX  Political Parties
    Conclusion

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