Memorable points to be elaborated:
Introduction
Background
Merits
Demerits
Conclusion
Introduction
Demonetization of currency means discontinuity of the particular currency from circulation and replacing it with a new currency. In the current context it is the banning of the 500 and 1000 denomination currency notes as a legal tender. The government’s stated objectives behind the demonetization policy are as follows:-
It is an attempt to make India corruption free.
It is done to curb black money.
It is to control escalating price rise.
It has the objective to stop funds flow to illegal activity.
Making people accountable for every rupee they possess and pay income tax return is its next objective.
It is an attempt to make a cashless society and create a Digital India. …
