Volume : 6, Issue : 6, June - 2017
Demonetization: A Boon to Indian Citizens
Shweta Vishal Bambuwala
Abstract :
<p> <span style="font-family: "Times New Roman", serif; font-size: 12pt; text-align: justify;">Demonetization is the act of stripping a currency unit of its status as legal tender. Prime minister of India Mr. Narendra Modi announced demonetization of Rs. 1000 and Rs. 500 in India on 8</span><sup style="font-family: "Times New Roman", serif; text-align: justify;">th</sup><span style="font-family: "Times New Roman", serif; font-size: 12pt; text-align: justify;"> November 2016 out of the blue. Demonetization is not new for the Indian economy as higher denomination currencies were demonitised in the year 1938, 1946, and 1978 respectively. However, it is first time in Indian economic history to demonetize legal currency notes without prior notice to curb and flush out black money from system as declared by Government of India. For a populous and democratic economy like India opinion of Indian citizens is most important as the success of any policy change. This paper is basically an initiative to understand, evaluate and review the Indian citizen’s views regarding recent demonetization in India.</span></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify;line-height:200%"><span style="font-size:12.0pt;line-height:200%; font-family:"Times New Roman",serif"><b><o:p></o:p></b></span></p>
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Download PDF Journal DOI : 10.15373/2249555XCite This Article:
Shweta Vishal Bambuwala, Demonetization: A Boon to Indian Citizens, GLOBAL JOURNAL FOR RESEARCH ANALYSIS : VOLUME-6 | ISSUE‾6 | JUNE-2017