Volume : VII, Issue : IV, April - 2017

DEMONETIZATION AND ITS IMPACT ON BLACK MONEY IN INDIA

Prof. Sushma Verma, Prof. Lalitkumar Bhole

Abstract :

 On 8th November, 2016, 86% of Indian Currency in value which was in the form of Rs 500 and Rs 1000 notes were demonetized making them void instantaneously with few exceptions. Aim of this move was to clean the black market cash supply and counterfeit notes of course with other allied objectives as well. In the hind sight it appears that demonetization has failed to achieve this objective as significant amount of cash came back into the system. This paper attempts to analyze the impact of recent demonetization on Black Money curbing. Aim is to understand how far the government has succeeded in achieving its objective.

 

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Prof.Sushma Verma, Prof.Lalitkumar Bhole, DEMONETIZATION AND ITS IMPACT ON BLACK MONEY IN INDIA, INDIAN JOURNAL OF APPLIED RESEARCH : Volume‾7 | Issue‾4 | April-2017


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