Demonetization and the Black Economy by Arun Kumar

1 BOOKS FOUND ON YOUR SEARCH.

Demonetization and the Black Economy

by Arun Kumar

Qty :

Price : $ 7.12

On 8 November 2016, the prime minister announced the immediate cancellation of all Rs 500 and Rs 1000 denomination notes, wiping out 86 per cent of the currency in circulation. India's well-functioning economy went into a tailspin. This move, it was claimed, was made to wipe out corruption, deter the generation of black money, weed out fake Indian currency notes and curb terrorism. Overnight, people in India realized that the cash in their pockets had no value. A window of fifty days was granted to 1.3 billion people to convert their old notes into new ones. Businesses, especially in the unorganized sectors, came to a grinding halt. Patients in hospitals faced huge problems, farmers had difficulty buying inputs, weddings were scaled down, and fishermen watched their catch rot. Many lost their jobs and could not support their families. A year later, the RBI announced that 99 per cent of the old currency notes had been deposited with it. India continues to grapple with the effects of this move. The black economy has not been dented; counterfeiting and terrorism continue; the credibility of the RBI, banks and currency is damaged, accountability of the parliament and the prime minister has been eroded; and the social divide has widened. There have been many arguments and counter-arguments from both sides, but they have missed the complete picture. Demonetization and the Black Economy, for the first time, lucidly explains the story of demonetization along with its effects on the economy. ISBN - 9780670090075

Pages : 240

Untitled Document

Some More Books of Similar Interest

An Introduction to mathematical economics by D. Bose	The Great Indian Fraud: Serious Frauds Which Shook the Economy by Smarak Swain	India Unmade: How The Modi Government Broke The Economy by Yashwant Sinha, Aditya Sinha
THE INSIDE STORY OF INDIAN BANKING by Sandip Sen	THE MELTDOWN INDIA INC�S BIGGEST IMPLOSIONS by Dev Chatterjee, Sudha Pai Chatterjee	Good Economics for Hard Times : Better Answers to Our Biggest Problems by Esther Duflo Abhijit Banerjee

If you didn't find any required book(s),
Please mail us the details we will find it for you through our resources.
Kindly click here to send your requirement now.

OR

You may try advance search through below given search window.

Untitled Document

   Tips to get best Search results:
   1. Carefully check the spellings of words typed in the search box.
   2. Type one word in Search box to get better results.
   eg. for searching a book "Sikhism in India" just type sikhism in search box.
   3. Do not use Phrases to search a book like "Books on art of Himachal Pradesh".
   Just search for "art of Himachal Pradesh".
   4. To search a book on author, choose author in drop down menu given above
    search window before pressing Submit button.