Demonetization Pdf Pros and Cons of Demonetization Rs 5. Demonetization Pdf Pros and Cons of Demonetization Rs 5. Hello friends Welcome To Study. Dhaba. com. Here We are Sharing Some important Points About Demonetization Pdf Pros and Cons of Demonetization Rs 5. The government claimed that the demonetisation was an effort to stop counterfeiting of the current banknotes allegedly used for funding terrorism, as well as a crack down on black money in the country. Themove was described as an effort to reduce corruption, the use of drugs, and smuggling. 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. All Details and information is given below. Demonetization Pdf Pros and Cons of Demonetization Rs 5. Demonetization is a step to make india a cashless society. Demonetization Pdf Pros and Cons of Demonetization Rs 5. 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Hindi-General-Knowledge-PDF-Quiz-2017-7-489x1024.jpg' alt='Lucent Gk Book Pdf In Hindi' title='Lucent Gk Book Pdf In Hindi' />What is Demonetization Pros and Cons of Demonetization  Demonetization Effects on Indian Economy  Why Indian Government Banned Rs 5. Rs 1. 00. 0 Notes  What Are The Causes of Demonetization Top VIdeos. Warning Invalid argument supplied for foreach in srvusersserverpilotappsjujaitalypublicindex. Studyplan SSC CGL General Awareness Tier1 Booklist, approach, free study material for Combined Graduate Level exam. Ghatna Chakra . Before We Discuss All these points Here We are providing you Definition of Demonetization. Demonetization Pdf Pros and Cons of Demonetization Rs 5. What Is Demonetization Demonetisation is a process by which a series of currency will not be legal tender. Red Round Dry Patch On Leg. The series of currency will not acceptable as valid currency. The same thing happens with the Rs. Rs. 1. 00. 0 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 2. Government of India had announced that from today onward rupees 5. This means that 5. They can change the currency from the banks and post offices till 3. December 2. 01. 6. Demonetization History and Background In India This is not The First time When Indian Currency is Demonetised In India. The first instance was in 1. Rs 1,0. 00, Rs 5,0. Rs 1. 0,0. 00. The highest denomination note ever printed by the Reserve Bank of India was the Rs 1. But these notes were demonetized in January 1. January 1. 97. 8, according to RBI data. Rs 1,0. 00 and Rs 1. January 1. 94. 6. Higher denomination banknotes of Rs 1,0. Rs 5,0. 00 and Rs 1. January 1. 97. 8. The Rs 1,0. 00 note made a comeback in November 2. Rs 5. 00 note came into circulation in October 1. The move was then justified as attempt to contain the volume of banknotes in circulation due to inflation. India has carried out demonetization exercises twice before, in 1. In Jan 1. 97. 8 episode, currency worth INR 1. Where To Save Ttf Files. Of this INR 1. 0 bn or 6. In 1. 97. 8 the value of demonetisation was very small only 0. GDP. However, the 2. GDP. Indian Currency Demonetization Details Important Facts About Indian Currency and Demonetization However, this is the first time that Rs 2,0. Bank notes in Ashoka Pillar watermark series in Rs 1. Rs 2. 0 in 1. 97. Rs 5. 0 in 1. 97. Rs 1. 00 between 1. The banknotes issued during this period contained the symbols representing science and technology, progress and orientation to Indian art forms. In the year 1. 98. Satyameva Jayate truth alone shall prevail was incorporated under the national emblem for the first time. In October 1. 98. Rs 5. 00 banknote was introduced with the portrait of Mahatma Gandhi and Ashoka Pillar watermark. Mahatma Gandhi MG series banknotes 1. Rs 5, introduced in November 2. Rs 1. 0 June 1. 99. Rs 2. 0 August 2. Rs 5. 0 March 1. Rs 1. June 1. Rs 5. 00 October 1. Rs 1,0. 00 November 2. The Mahatma Gandhi Series 2. Rs 1. 0, Rs 2. 0, Rs 5. Rs 1. 00, Rs 5. 00 and Rs 1,0. MG series. The Rs 5. Rs 1. 00 banknotes were issued in August 2. Rs 5. 00 and Rs 1,0. October 2. 00. 5 and Rs 1. Rs 2. 0 in April 2. August 2. 00. 6, respectively. What is Impact of DemonetisationWhat are Pros and cons of demonetization in India in 2. There is huge impact of Demonetization of Indian Economy. These 5. 00 And 1. Notes Contribute more than 8. Money Circulation. This Decision Has A direct impact on Money Circulation. Pros And Cons Of Demonetization essay on demonetise in india. Demonetization Pdf Pros and Cons of Demonetization Rs 5. Pros. Details. Attack On Black Money Holders. People who possess huge amounts of black money in hard cash are at a complete loss now. Their black money in hard cash is now a pile of trash. Now If a Black money holder Want to Deposit Money in Bank Account Than heshe Has to Show ID. There Will Be 2. 00 Penalty On Income tax Amount. Death Knell To Fake Currency Rackets. Most of the fake currencies used to be be in the denominations of Rs. Rs. 1. 00. 0. By banning Rs. Rs. 1. 00. 0 notes, Modiji has busted all these unethical rackets completely. Now There Will be no use These Money. End Of Terrorist Funding Huge sums of money especially in hard cash in the denominations of Rs. Rs. 1. 00. 0 was used to fund Islamic terrorists, Naxalites and other non state actors. Now, these Organizations will suffer from shortage of funds. Most of These terrorist ,Maoist Organization Used These Funds For Buying Arms and Weapons. Buying arms is an extremely difficult task now after this ban. Transparency  Online transaction More transparency Financial Intelligence Unit Will tack All Online transactions. Now there Will be More Transparency In Real Estate Sector. End of Huge Donations  Huge amounts of donation that is taken in the private education and healthcare sectors would be stopped. Schools, engineering and medical colleges and hospitals private ones used to take huge amounts of money as donations especially in the form of hard cash in the denominations of Rs. Rs. 1. 00. 0. Study. Dhaba. Com. These money minded people running these institutions wont be able to make any easy money now. Same applies to the real estate sector. Towards A Cashless Economy While it is practically impossible to have a 1. This will result in greater transparency. Now government has put Some limitation for Cash Withdraw from bank Accounts. People Will go for online payments ,They Will Use Pay. TM Or other Online payment Companies For Buying goods or Making payments. More Use of Debit and Credit Card. Hawala Transactions End Most Hawala transactions used to be carried out in the denominations of Rs. Rs. 1. 00. 0. With this ban, Modiji has delivered a fatal blow to the unethical Hawala traders as they cant trade anymore using denominations of Rs. Rs. 1. 00. 0. Cons of Demonetization Here Is the List of Cons of Demonetization Demonetization Pdf Pros and Cons of Demonetization Rs 5. Here We are providing you All important points Related to Positive impact of Demonetization on Indian Economy or We can Pros of Demonetization. Cons. Details. 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. Update Cisco 7940 Firmware on this page. Stock Market Due to currency being sucked out of the market coupled with Trumps victory, the mood at the stock market was completely bearish. Sensex lost 1. 60. This can adversely have a negative effect on trade in general. SSC CGL books pdf free download SSC Books.