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Published in:

Volume 7 Issue 10
October-2020
eISSN: 2349-5162

Unique Identifier

JETIR2010049

Page Number

384-391

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Title

AN ANALYTICAL STUDY OF THE IMPACT OF NDA GOVERNMENT-DEMONETISATION

ISSN

2349-5162

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"AN ANALYTICAL STUDY OF THE IMPACT OF NDA GOVERNMENT-DEMONETISATION", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 10, page no.384-391, October-2020, Available :http://www.jetir.org/papers/JETIR2010049.pdf

Abstract

Demonetisation is a new phenomenon neither for India nor for the world. It is a process of the withdrawal of legal tender of the currency notes of any denomination in circulation in the country that is usually followed by remonetisation. In India, demonetisation 2016 got excessively popular because of many reasons; for examples, politicisation, propagation, wide expansion of the means of information and communication technology, associated with over eighty percent currency in circulation and being common currency notes, etc. The initial and core objective of Demonetisation 2016 made by the ruling NDA Government was tracking the black money circulated in the country in different forms and in different sectors of the economy. Government launched a surgical strike against the black money hoarders through the demonetisation mechanism, targeting at over eighty percent currency in circulation, circulated in the system in two high denomination currency notes of ₹ 500 and ₹ 1000. The government switched its fundamental objective to accelerate cashless transactions in India. However, as of now it has been a debatable issue whether demonetisation has benefited or hampered the society and economy as well or not. Point of sale terminal that is used through debit and credit cards, has become a popular and common device to facilitate cashless transaction among commoners. The focal point of present research paper is to analyse and exposing the implications of the demonetisation 2016 over prevailing trend of cashless transaction in Indian society

Key Words

Demonetisation, Cashless Transaction, Debit and Credit Cards, Point of Sale (PoS) Terminal

Cite This Article

"AN ANALYTICAL STUDY OF THE IMPACT OF NDA GOVERNMENT-DEMONETISATION", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 10, page no. pp384-391, October-2020, Available at : http://www.jetir.org/papers/JETIR2010049.pdf

Publication Details

Published Paper ID: JETIR2010049
Registration ID: 227751
Published In: Volume 7 | Issue 10 | Year October-2020
DOI (Digital Object Identifier):
Page No: 384-391
ISSN Number: 2349-5162

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Cite This Article

"AN ANALYTICAL STUDY OF THE IMPACT OF NDA GOVERNMENT-DEMONETISATION", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 10, page no. pp384-391, October-2020, Available at : http://www.jetir.org/papers/JETIR2010049.pdf




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