Note-Bandi : demonetisation and India's elusive chase for black money
Contributor(s): Ramakumar, R.
Publisher: New Delhi Oxford University Press 2018Description: xxviii, 475p.ISBN: 978-0-19-948679-3.Subject(s): Economy Monetary policy -- IndiaDDC classification: 332.460954 Summary: The demonetisation of November 2016 will go down in history as one of the most intensely debated economic policy interventions of the Indian state. With the abolition of the legal tender status of Rs 500 and Rs 1,000 notes, about 86 per cent of the currency in circulation stood withdrawn from circulation in the economy. The purpose, according to the government, was to stamp out counterfeit currency, unearth black money and usher in a less-cash economy. This work analyses in detail the conception and implementation of demonetisation, its impact on different spheres of the economy and sections of the people and various claims of the government vis-à-vis demonetisation. It tries to locate the two demonetisations of 1978 and 2016 within the broader questions of tax evasion and the generation and storage of black money in India over the last six decades. It has a comprehensive introduction, supported by writings from the archives of the Economic and Political WeeklyItem type | Current location | Call number | Status | Date due | Barcode |
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NASSDOC Library | 332.460954 NOT- (Browse shelf) | Available | 50255 |
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332.46 KAU-; Monetarism versus keynesianism in India | 332.46 SIN-T Taming global financial flows: challenges and alternatives in the era of financial globalization:a citizen's guide | 332.460954 CHU-; Monetary policy: techniques, efficiancy and significance in the Indian context | 332.460954 NOT- Note-Bandi | 332.460954 PRU-D Demonetization and its impact on Indian economy | 332.460954 SAH-D Demonetization, digital India and governance | 332.46954 AGA-D Demonetisation: a means to an end? |
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The demonetisation of November 2016 will go down in history as one of the most intensely debated economic policy interventions of the Indian state. With the abolition of the legal tender status of Rs 500 and Rs 1,000 notes, about 86 per cent of the currency in circulation stood withdrawn from circulation in the economy. The purpose, according to the government, was to stamp out counterfeit currency, unearth black money and usher in a less-cash economy.
This work analyses in detail the conception and implementation of demonetisation, its impact on different spheres of the economy and sections of the people and various claims of the government vis-à-vis demonetisation. It tries to locate the two demonetisations of 1978 and 2016 within the broader questions of tax evasion and the generation and storage of black money in India over the last six decades. It has a comprehensive introduction, supported by writings from the archives of the Economic and Political Weekly
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