• Dr Ajoy Mitra

The demonetisation of high value currency denominations featuring Rs 500 and Rs 1,000 notes were banned effective 8th November 2016 was a bold step by Indian government. Demonetization of currency means discontinuity of the said currency from circulation and replacing it with a new currency. It has deeply impacted Indian economy in various ways. But it has been widely acclaimed as positive decision taken for the benefit of the citizens. But India may be successful this time because all other countries tried it before the age of digitalization. Modi tried this with immense care and preparation beforehand and not it was ever an act just on spur of moment. He has been working very hard for the last two years to create bank accounts for all-the ranks and the common folk. This paper discussed about the history of demonetisation and its various pros and coons

Government of India, demonetize, discontinuity, new currency.

"DEMONETIZATION: PROS AND CONS ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 3, page no.669-675, March-2019, Available :http://www.jetir.org/papers/JETIR1903L88.pdf

"DEMONETIZATION: PROS AND CONS ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 3, page no. pp669-675, March-2019, Available at : http://www.jetir.org/papers/JETIR1903L88.pdf