ABSTRACT OF DEMONETIZATION

                 "Abstract of Demonetization"


Demonetization is a process in which the Government with draws legal tender status of currency issued by it. In other ways we can say that Demonetization of currency means discontinuity of the said currency from circulation and replacing it with a new currency. 








So Demonetization is a process in which Government bans the notes or coins of a certain demonetization. In  india first demonetization was held on 12th January 1946 , 2nd was on 26 th January 1978. The Honorable prime minister Shri Narendra Modi announced 3rd demonetization in India on 8th November 2016 where Rs.500/- and Rs. 1000/- were with drawn from circulation with a objective to reduce corruption and black money and fake currency. The present study attempts to understand the scope and reasons of demonetization. history of demonetization in the world and India and its impact on various sector of economy.







 The study is descriptive nature and uses secondary data taken from various sources like the Reserve Bank of India, Ministry of finance and other sources. The study concludes that demonetization had both positive and nagative impacts. 



Comments

Post a Comment

Popular posts from this blog

How to make perfume part -2

Image
                              "Unit -i"           "BASIC KNOWLEDGE ABOUT PERFUMERY" Meaning of perfume:                    Perfume is nature gifted Thing. In a simple word - any kind of smell which attracts or connect people to  nostalgia, with other people, nature, there loved onece,  inspiration , flowers, forest, etc. * Our ancient generation made these smell with using natural factors. They used to call this " PERFUME" Then slowly slowly our earth started to developing generation to generation things change. So due to this we realised that we affect  nature negatively the process to make perfume. That the reason people started to make chemical ( essential oil, compund) to make perfume. But still famous brand still use natural factors. * The word perfume comes from the Latin phrase, "PER" means "thorough " and...
Read more

Basic knowledge about geography

Image
Content: * Ocean vs Sea * Sea vs Bay * Bay vs Gulf * Fjord * Strait vs Channel vs Canal * Wave vs Tide vs Current  * Tidal Wave vs Tsunami  *Estuary vs Delta  *Coastal Lagoon & Atolls * Estuary vs Lagoon  * Meander & Oxbow Lakes * Lake vs Pond Ocean  * Ocean - A continuous body of salt water that is contained in enormous basins on Earths surface. * Ocean makes up one global, interconnected body of salt water - Water surrounding entire continents * Deeper than the sea( On average, the depth of the Ocean is around 3,700 meters ( only 10% of the Earth's Ocean floor has been mapped) Sea *Sea are smaller than Oceans and usually located where the land and Ocean meet. * Typically, seas are partially enclosed by land ( exception - Sargasso Sea) - Water surrounding smaller landmasses, * Seas are generally much shallower than Oceans ( some seas are exceptions - Caribbean Sea is considered the deepest sea in the world, and has a depth of 7,686 meters. Bay * A small...
Read more

Tropic of Cancer, Capricorn, and Prime Median & GMT, Time zone, Indian Standard Time.

Image
Tropic of Cancer - Futhest point north of the Equator where the Sun is positioned directly above at local noon Tropic of Cancer Countries: Mexico, Bahamas, Western Sahara, Mauritania, Mali, Algeria, Niger, Libya, Egypt, Saudi Arabia, UAE, Oman, India, Bangladesh, China, Myanmar, Taiwan. Tropic of Cancer - Ocean & Ses: * Pacific Ocean, Atlantic Ocean, Indian Ocean, Gulf of California, Gulf of Mexico,Red Sea, Arabian Sea, Taiwan Strait, Philippine Strait. Tropic of Capricorn - Continent:  South America, Africa, Australia,  Country - Brazil, South Africa, Mozambique, Madagascar, Namibia, Bonjuala, Australia * River Limpopo crosses through Tropic of Capricorn twice country: Chile, Argentina, Paraguay, Brazil, Namibia, Botswana, South Africa, Mozambique, Madagascar, Australia. Important Longitudinal Meridian - Prime Meridian - Greenwich Meridian  * International time line - 0 degree  * International Date line - 180 degree  Greenwich Meridian - Countries:  UK...
Read more