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1. Introduction -- 2. The purported logic of demonetisation -- 3. Design and implementation of demonetisation -- 4. Initial outcomes -- 5. Macroeconomic consequences -- 6. Inventing a new Utopia -- 7. Conclusion.
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The decision of the Government to demonetize Indian currency especially the notes of ₹ 500 and ₹ 1000 caused a quake in the lives of Indians. Everywhere there the talk of demonetization in the country was apparent. There was appreciation as well as criticism of the decision of the...
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hoarders and tax evaders and so on. When India adopted this measure (November, 2016), all of a sudden everyone came to be … analyzes India's demonetization saga, its expectations and impact …
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Demonetization drive of Nov. 8, 2016 led to nullification of 86% of India's currency that was in circulation. It was … aimed at weeding out the black market's cash supply and counterfeit notes that are disrupting the socio … Shankar Prasad, PTI, Dec 9, 2016). Besides, Indian economy is trending towards cashless society as even small vendors and …
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Demonetisation step of 2016 was somehow different from to earlier steps because of its sudden declaration taking aback … any whisper of what the government was planning, they would find ways to get rid of their illicit cash, and the initiative … disrupted, and cash-dealing sectors like even agriculture, fishing, and other related or unrelated market were severely affected …
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