Demonetization Essay and Article - Advantages and.
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The Indian economy almost came to a halt during the demonetization move in India 2016. Farmers couldn't buy seeds, trade and business activities stopped, auto-rickshaws and taxi drivers didn't have any means to receive payments, fishermen, vegetable and fruit vendors were unable to sell their produce in the market, employers couldn't pay their staff and so on. Even the hospitals and other.
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Effects of Demonetization in India Essay Sample. The demonetization of 500 and 1000 banknotes is a policy enacted by the Government of India on 8 November 2016. The below figure shows the distribution of currency notes denomination by value. It is seen that 86% of monetary value of currency was demonetized. One of the biggest intention of this.
Demonetisation Essay: Merits of Demonetisation. All Counterfeit notes were removed from the economy. There had been a bad habit of People writing over old notes. By Demonetisation Government could devalue all the handwritten notes and issue new ones without this bad culture. The timing of this Demonetization which happened last year helped.
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