Demonetization Pdf – Pros and Cons of Demonetization Rs 500,1000

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Demonetization Pdf – Pros and Cons of Demonetization Rs 500,1000- Demonetization Essay

Demonetization Pdf – Pros and Cons of Demonetization Rs 500,1000 -Hello friends Welcome To StudyDhaba.com .Here We are Sharing Some important Points About –Demonetization Pdf – Pros and Cons of Demonetization Rs 500,1000 .essay on demonetise in india

Demonetization is a very bold Decision taken by Indian government for Curbing all Black Money in India . Major Aim of Demonetization is Making India A Cash less Society .

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All Details and information is given below .Demonetization Pdf – Pros and Cons of Demonetization Rs 500,1000 . Demonetization is a step to make india a cashless society .

Demonetization Pdf - Pros and Cons of Demonetization Rs 500,1000

 

  • What is Demonetization ?
  • Pros and Cons of Demonetization ?
  • Demonetization Effects on Indian Economy ?
  • Why Indian Government Banned Rs 500 and Rs 1000 Notes ?
  • What Are The Causes of Demonetization ?

Before We Discuss All these points Here We are providing you Definition of Demonetization .Demonetization Pdf – Pros and Cons of Demonetization Rs 500,1000

What Is Demonetization ?

  • Demonetisation is a process by which a series of currency will not be legal tender. The series of currency will not acceptable as valid currency. The same thing happens with the Rs. 500 and Rs. 1000 note demonetization.

What are the causes of Demonetization?

  • There can be many causes of Demonetisation 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 demonetisation.

What Happened on Demonetization?

  • 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.

Demonetization History and Background In India ?

  • This is not The First time When Indian Currency is Demonetised In India .
  • The first instance was in 1946 and the second in 1978 when an ordinance was promulgated to phase out notes with denomination of Rs 1,000, Rs 5,000 and Rs 10,000.
  • The highest denomination note ever printed by the Reserve Bank of India was the Rs 10,000 note in 1938 and again in 1954. But these notes were demonetized in January 1946 and again in January 1978, according to RBI data.

Demonetization Pdf - Pros and Cons of Demonetization Rs 500,1000

  • Rs 1,000 and Rs 10,000 bank notes were in circulation prior to January 1946. Higher denomination banknotes of Rs 1,000, Rs 5,000 and Rs 10,000 were reintroduced in 1954 and all of them were demonetized in January 1978.

Demonetization Pdf - Pros and Cons of Demonetization Rs 500,1000

  • The Rs 1,000 note made a comeback in November 2000. Rs 500 note came into circulation in October 1987. The move was then justified as attempt to contain the volume of banknotes in circulation due to inflation.

Indian Currency Demonetization 

Details 

Important Facts About Indian Currency and Demonetization 
  • However, this is the first time that Rs 2,000 currency note is being introduced.
  • Bank notes in Ashoka Pillar watermark series in Rs 10 denomination were issued between 1967 and 1992, Rs 20 in 1972 and 1975, Rs 50 in 1975 and 1981 and Rs 100 between 1967-1979.
  • The banknotes issued during this period contained the symbols representing science and technology, progress and orientation to Indian art forms.
  • In the year 1980, the legend Satyameva Jayate — ‘truth alone shall prevail’ — was incorporated under the national emblem for the first time.
  • In October 1987, Rs 500 banknote was introduced with the portrait of Mahatma Gandhi and Ashoka Pillar watermark. Mahatma Gandhi (MG) series banknotes – 1996 were issued in the denominations of Rs 5, (introduced in November 2001), Rs 10 (June 1996), Rs 20 (August 2001), Rs 50 (March 1997), Rs 100 (June 1996), Rs 500 (October 1997) and Rs 1,000 (November 2000).
  • The Mahatma Gandhi Series – 2005 bank notes were issued in the denomination of Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000 and contained some additional/new security features as compared to the 1996 MG series.
  • The Rs 50 and Rs 100 banknotes were issued in August 2005, followed by Rs 500 and Rs 1,000 denominations in October 2005 and Rs 10 and Rs 20 in April 2006 and August 2006, respectively.

What is Impact of Demonetisation? What are Pros and cons of demonetization in India in 2016?

  • There is huge impact of Demonetization of Indian Economy . These 500 And 1000 Notes Contribute more than 84 % of Money Circulation .
  • This Decision Has A direct impact on Money Circulation .

Pros And Cons Of Demonetization-essay on demonetise in india

Cons of Demonetization – Here Is the List of Cons of Demonetization 

Demonetization Pdf – Pros and Cons of Demonetization Rs 500,1000 – Here We are providing you All important points Related to Positive impact of Demonetization on Indian Economy or We can Pros of Demonetization .

ConsDetails

Rush At Banks

  •  Banks will be extremely over-crowded by people .
  • People will forget everything else and throng to the places where the banned notes are being officially exchanged leading to a tremendous chaos .

Shortage of Money To Common People

  •  There Will be Shortage of Money For Common people .

Stock Market

  •  Due to currency being sucked out of the market coupled with Trump’s victory, the mood at the stock market was completely bearish .
  • Sensex lost 1600 points at open . This can adversely have a negative effect on trade in general .

Problem For House Wives

  •  Many Indian housewives store money secretly so that they could be of help during times of financial crisis in their households .
  • The accumulated money of our respected Indian housewives is of no use now until they exchange in the banks and post-offices .

Short Term Inflation

  •  Due to shortage of money in the market , a short-term cost push inflation will occur .
  • The price of gold has already become sky high .
  • Prices of vegetables and fruits have also soared burdening the common man .

Marriage Season

  •  Difficult For Those Families those have Weddings.

Impact of Demonetization on Indian Economy

Demonetization Pdf – Pros and Cons of Demonetization Rs 500,1000 – Here we are Sharing Impact of Demonetization on Various Sectors of India .

Both Long term and Short term impact of Demonetization ,Positive and Negative impact of Demonetization on Indian Economy .

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 Will demonetization slow down India’s growth?Demonetization Pdf – Pros and Cons of Demonetization Rs 500,1000

Download Economic Survey 2017 Pdf from Here – studydhaba.com Economic Survey 2017 Pdf Download India 

  • Yes, Demonetisation will slow down growth rate in short term and medium term because people have less money in hands. So demand is low, that is why it is hampering our growth rate. But as soon as people get money, markets will be back on track.
  • But its long term gain is “fictional” or say “disputed”. Some people theoretically says it will benefit the economy as government will have more revenue but others say giving a electric shock to the economy when its already under distress business sentiment can send it into coma.
  • India is a cash based economy and demonetization will temporarily decrease liquidity in this economy. Decreased liquidity will lead to decreased demand which will result in decreased productivity causing a slowdown in consumer market.
  • People have panicked due to sudden demonetization. This will force them to save and store more money. Thus, a decrease in demand leading to slowdown in consumer market.

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By |December 17th, 2016|Banking, Economics, Education|

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7 Comments

  1. Aniket November 25, 2016 at 7:31 pm

    Nice one

  2. aswini November 28, 2016 at 8:18 pm

    very detailed . should also include the history of that topic

  3. Dev December 7, 2016 at 2:57 pm

    Superb very much thanks suggest me topic for cgl tier3

  4. raj December 8, 2016 at 8:10 am

    great

  5. Gayathri December 8, 2016 at 10:44 pm

    great one..very useful for students.. Thanks

  6. aditi singh December 11, 2016 at 5:10 pm

    osm great job its very usefull for me

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