Demonetization in Indian Economy

Authors

  • Mrs. Anita Assistant Professor in commerce RGM Uchana

Keywords:

Demonetization, cashless transaction, government

Abstract

Demonetization is the withdrawal of a particular form of currency from circulation. Through demonetization, the old currency is replaced by the new currency or a currency circulating is blocked. The main objectives of this step are to check The inflation to curb the curb the corruption and to promote the cashless transaction. As per RBI, 87% transaction in India are cash transaction and this loophole is used by the corrupted people to build a parallel economy with unaccounted money. This step of government will surely result into something good and help in reducing the black money, preventing the corruption and Terries and promote the cashless transaction

References

https://www.managementstudyguide.com

https://wwwiaskracker.com currency deom

https:// qura. Com what are positive

Jagronjosh.com current affairs)imp

www. Livemint.com politics Policy.

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Published

31-03-2017

How to Cite

Mrs. Anita. (2017). Demonetization in Indian Economy. International Journal for Research Publication and Seminar, 8(2), 119–123. Retrieved from https://jrps.shodhsagar.com/index.php/j/article/view/1024

Issue

Vol. 8 No. 2 (2017): Jan - Mar 2017

Section

Original Research Article

License

Copyright (c) 2017 International Journal for Research Publication and Seminar

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