The first demonetisation occurred in 1946, during the rule of the interim government under Jawaharlal Nehru.It was undertaken to target the tax-evading business corporations which were hiding the huge profits …

How Successful was Demonetisation? Four Takeaways From the RBI’s Annual Report. Demonetisation Essay and Article – It’s Impacts on the society posted on April 30, 2017 Demonetization is one of the most trending topics which occupied the columns of Indian newspapers in 2016. It is our contention that this rush to judgement — declaring demonetisation a failure on the strength of the RBI news — is premature, at best, and requires a sober second look. Demonetisation Essay . View: Is Demonetisation a success or failure? The annual report had data points looking at which we can finally say that demonetisation has not met any of the objectives that it set out to achieve.

Though RBI is yet to release official figures, it is estimated that at least 95% of the demonetised Rs 15.44 lakh cr has already come back to …

2016 Indian banknote demonetisation On 8 November 2016, the Government of India announced the demonetisation of all Rs.500 and Rs.1,000 banknotesof the Mahatma Gandhi Series. Demonetisation's 7 benefits apart from failure to eradicate black money . On November 8, 2016, the prime minister Narendra Modi in an address to the nation said that the notes of denomination Rs 500 and Rs 1,000, would not be legal tender from November 9, 2016, onwards.
The BSE Sensex is trading higher by 79 points (up 0.3%) and the NSE Nifty is trading higher 24 points (up 0.3%). Origins of the idea: Demonetisation has earlier occurred two times in the Indian economy, both times the goal was to combat tax evasion through black money. The BSE Small Cap and BSE Mid Cap indices are trading higher by 0.1% and 0.5% respectively.

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