Volume : 6, Issue : 12, December - 2017

A Study On The Objective And Implementation Of Demonetisation

Yugantar Singh, Sara Ruhela

Abstract :

<p>&nbsp;<span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;">The </span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;">Demonetisation</span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;"> was a massive step taken by the </span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;">Government</span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;"> of India to curb the Black Money </span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;">from the Nation.The basic ideology of the policy was to create a short term impact for long term purposes and to suppress corruption from the prevailing system and economy. Though the</span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;"> government data says a different story </span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;">but the</span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;"> hard facts and figures of ground zero reality are far much different from </span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;">them.</span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;"> </span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;">The scope</span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;"> of this research study is to </span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;">find the</span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;"> success of the policy by observing both the government data and the ground data in the central objective of the </span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;">research.</span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;"> The study also discovers, after a deliberate </span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;">search,</span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;"> the various ways </span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;">through</span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;"> which the black money was </span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;">recycled.</span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;"> It&rsquo;s an examination of the policy based on the objectives set for the policy by the Government of </span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;">India and</span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;"> The Reserve Bank of India </span><span style="font-family: &quot;Times New Roman&quot;, serif; text-align: justify;">respectively.</span></p> <p class="MsoNormal" style="text-align:justify"><span lang="EN-IN"><o:p></o:p></span></p>