Demonetization: Success points & Failures (Updated)

Demonetization: Success points ·         It is fact that due to demonetization India has marched on the path of digital transactions at a much faster rate. ·         Rate of inflation goes… Read more

Merits & Demerits – Opined by Economic Experts!

Merits opined by the economic experts. ·         The demonetization policy is stated to have pronounced as greatest financial reform that aimed to curve the black money, curruption and counterfit currency… Read more

Advantages and Disadvantages of Demonetization in India

Critisism over the issue: ·         A lot of analysis in India and abroad claimed that demonetization of November 2016 has failed to do what it as supposed to do and… Read more

Demonetization – Start of Digital India Era

Digital payments The push for the digital payments was one of the stated intention of the demonetisation. There was immediate and sharp jump in the digital payments in November–December 2016 owing… Read more

Objectives and Outcomes of Demonetization

Ordinance and Act The Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 was issued on 28 December 2016, ending the liability of the government for the demonetised banknotes. The ordinance… Read more

Alternative Funds of demonetization – Preparation & Announcement

Alternative Funds of demonetization Soon after the announcement, people rushed to buy gold, a demand that drove prices up, in some cases even to a 64-percent premium, prompting the tax authorities… Read more

History & Dramatic Examples of demonetization – India

 Introduction :             Demonetization means the withdrawal of a coin, note or precious metal from use as legal tender. It is the act of stripping of a currency unit of… Read more

The Significance of Banks in India – A Sad True!

 The following are the important findings of the study. The retail banking products of scheduled commercial banks in India include retail deposit products, retail loan products and retail services. Housing… Read more

Function of Commercial Bank in New India

The commercial banks serve as the king pin of the financial system of the country. They render many valuable services.  Commercial banks provide banking services to businesses and consumers through… Read more

The Important Features of Commercial Banks in India

 Commercial banks are one source of financing for small businesses. The role of commercial banks in economic development rests chiefly on their role as financial intermediaries. In this capacity, commercial… Read more