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Demonetisation and Common Man

Demonetisation and Common Man

Authors
Publisher LAP Lambert Academic Publishing
Year
Pages 64
Version paperback
Language English
ISBN 9783330059818
Categories
Delivery to United States

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Book description

This book is intended to create awareness, advantages and disadvantages of demonetization. Decision of demonetization had its impact on all sections of the society, which gave new direction to people, who depend more on cash transactions rather digital payments in India. Reason behind demonetization was effective counter measure against black money and using it for illegal activities. But inadequate supply of new currency was affected day to day transactions of common man, especially people of rural India, banks, ATM and small business suffered temporary financial loses. If destruction of old currency and printing of new currency costs are higher than benefits, then demonetization will not defend decision makers and executors, such decision will impact badly on country economy as well as GDP, also it will tarnish popular ruling governments image.

Demonetisation and Common Man

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