November 8th, 2016, the Government of India declared that the five hundred and one thousand rupee notes will no longer be legal tender effecting from midnight. The Reserve Bank of India (The Central Bank of the country) issued new five hundred rupee notes and two thousand rupee notes from 10th November, 2016. This demonetization measure has been adopted in an effort to address the move against corruption, black money, terror financing and counterfeit cuurency. This move is expected to cleanse a formal economic system and improve the same. The demonetization has a significant impact on current state of the Indian economy. Thus, it is imperative to assess its short term and long term impacts. As such, in this study, an effort has been made to determine the impact of demonetization on the common men. The work is exploratory in nature and secondary data have been utilized for the purpose of analysis. The demonetization drive has affected the common public to some extent, but for larger interest of the country, such decisions were inevitable. Further, there are a few inherent benefits of this measure as well which will be reflected in long run.
| Published in | International Journal of Economic Behavior and Organization (Volume 5, Issue 3) |
| DOI | 10.11648/j.ijebo.20170503.12 |
| Page(s) | 80-86 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2017. Published by Science Publishing Group |
Demonetization, Money Supply, Electronic Currency, Formal Economic System
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APA Style
Anindita Adhikary, Bedanta Bora. (2017). Demonetization: A Case in Indian Perspective. International Journal of Economic Behavior and Organization, 5(3), 80-86. https://doi.org/10.11648/j.ijebo.20170503.12
ACS Style
Anindita Adhikary; Bedanta Bora. Demonetization: A Case in Indian Perspective. Int. J. Econ. Behav. Organ. 2017, 5(3), 80-86. doi: 10.11648/j.ijebo.20170503.12
AMA Style
Anindita Adhikary, Bedanta Bora. Demonetization: A Case in Indian Perspective. Int J Econ Behav Organ. 2017;5(3):80-86. doi: 10.11648/j.ijebo.20170503.12
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Download@article{10.11648/j.ijebo.20170503.12,
author = {Anindita Adhikary and Bedanta Bora},
title = {Demonetization: A Case in Indian Perspective},
journal = {International Journal of Economic Behavior and Organization},
volume = {5},
number = {3},
pages = {80-86},
doi = {10.11648/j.ijebo.20170503.12},
url = {https://doi.org/10.11648/j.ijebo.20170503.12},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijebo.20170503.12},
abstract = {November 8th, 2016, the Government of India declared that the five hundred and one thousand rupee notes will no longer be legal tender effecting from midnight. The Reserve Bank of India (The Central Bank of the country) issued new five hundred rupee notes and two thousand rupee notes from 10th November, 2016. This demonetization measure has been adopted in an effort to address the move against corruption, black money, terror financing and counterfeit cuurency. This move is expected to cleanse a formal economic system and improve the same. The demonetization has a significant impact on current state of the Indian economy. Thus, it is imperative to assess its short term and long term impacts. As such, in this study, an effort has been made to determine the impact of demonetization on the common men. The work is exploratory in nature and secondary data have been utilized for the purpose of analysis. The demonetization drive has affected the common public to some extent, but for larger interest of the country, such decisions were inevitable. Further, there are a few inherent benefits of this measure as well which will be reflected in long run.},
year = {2017}
}
TY - JOUR T1 - Demonetization: A Case in Indian Perspective AU - Anindita Adhikary AU - Bedanta Bora Y1 - 2017/08/17 PY - 2017 N1 - https://doi.org/10.11648/j.ijebo.20170503.12 DO - 10.11648/j.ijebo.20170503.12 T2 - International Journal of Economic Behavior and Organization JF - International Journal of Economic Behavior and Organization JO - International Journal of Economic Behavior and Organization SP - 80 EP - 86 PB - Science Publishing Group SN - 2328-7616 UR - https://doi.org/10.11648/j.ijebo.20170503.12 AB - November 8th, 2016, the Government of India declared that the five hundred and one thousand rupee notes will no longer be legal tender effecting from midnight. The Reserve Bank of India (The Central Bank of the country) issued new five hundred rupee notes and two thousand rupee notes from 10th November, 2016. This demonetization measure has been adopted in an effort to address the move against corruption, black money, terror financing and counterfeit cuurency. This move is expected to cleanse a formal economic system and improve the same. The demonetization has a significant impact on current state of the Indian economy. Thus, it is imperative to assess its short term and long term impacts. As such, in this study, an effort has been made to determine the impact of demonetization on the common men. The work is exploratory in nature and secondary data have been utilized for the purpose of analysis. The demonetization drive has affected the common public to some extent, but for larger interest of the country, such decisions were inevitable. Further, there are a few inherent benefits of this measure as well which will be reflected in long run. VL - 5 IS - 3 ER -
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