IOSR-JHSS   Demonetization: A Game Changer from Black Economy to Digital Economy

Paper Type	:	Research Paper
Title	:	Impacts on Demonetization: Organized and Unorganized Sector
Country	:	India
Authors	:	Dr.S.Balamurugan || B.K.Hemalatha

Abstract: The argument posited in favour of demonetization is that the cash that would be extinguished would be "black money" and hence, should be rightfully extinguished to set right the perverse incentive structure in the economy. While the facts are not available to anybody, it would be foolhardy to argue that this is the only possibility. Therefore, it is imperative to evaluate the short run and medium-term impacts that such a shock is expected to have on the economy. Further, the impact of such a move would vary depending on the extent to which the government decides to demonetize. This paper elucidates the impact of such a move on the availability of credit, spending, level of activity and government finances

Keywords: demonetization, cashless transactions, credit, tax evasion

[1] "Ye shall destroy their altars, and break in pieces their pillars, and ye shall cut down their groves, and the graven images of their gods ye shall burn with fire." Exodus 34:13
[2] "And they utterly destroyed all that was in the city, both man and woman, young and old, and ox, and sheep, and ass, with the edge of the sword." Joshua 6:21
[3] "Demons in the Old Testament", Dennis Bratcher, 2006, retrieved 6 May 207.
[4] "The Greek Septuagint translated into English", Psalm 95:5, translated by Sir Lancelot Charles Lee Brenton, 1851.
[5] "Edict of the Expulsion of the Jews", 1492, Translated from the Castilian by Edward Peters, retrieved 6 May 2007.

Paper Type	:	Research Paper
Title	:	Issues and Challenges of Demonetization in India in the year 2016
Country	:	India
Authors	:	Dr. K. Mariappan

Abstract: Demonetisation has happened two times in India, but third demonetization has created new hope for economic growth in India and also leading role in global economic system. Last two demonetization was put before Independence and during BJP government in the year 1978 respectively. It did not affected the poor, middle and upper middle classes people in higher rate because demonetization of Rs.1000/- Rs.5000/- Rs.10000/- affected only higher class people. But the third demonetization(2016) in India has both pros and cons, because money circulation in higher denomination is wide spread in practical transaction in Indian economy.

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Paper Type	:	Research Paper
Title	:	Financial Reform to Reflect the Need of India Demonetisation-An Inductive Study
Country	:	India
Authors	:	B.Gayathri || K.Rajini

Abstract: Demonetization of currency means discontinuity of the particular currency from circulation and replacing it with a new currency. The term demonetisation is already experienced by the Indian economy. The highest denomination note ever printed by the Reserve Bank of India was the Rs 10,000 note in 1938 and again in 1954. But these notes were demonetised in January 1946 and again in January 1978, according to RBI data. Demonetisation did not have a big impact on the countryas less than 5 percent of population in India had access to such notes and most banks never had such currency notes. In the recent it is the banning of the 500 and 1000 denomination currency notes as a legal tender..........

Keywords: Demonetisation , Black money, Digital society, Income tax returns

[1] http://www.moneycontrol.com/news/economy/impactanalysisdemonetizationindia_8044821.html?utm_source=ref_article
[2] http://economictimes.indiatimes.com/news/economy/policy/what-is-demonetisation-and-why-was-it-done/articleshow/55326862.cms [3] http://economictimes.indiatimes.com/articleshow/55678393.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
[4] www.hindustantimes.com www.civilserviceindia.com
[5] www.thehindubusinessline.com

Paper Type	:	Research Paper
Title	:	An Empirical Study on the Major Problems Faced Due To Demonetization by the Small Retailers in Erode City
Country	:	India
Authors	:	Dr.S.M.Jayasudha || Dr. M.Thangavel

Abstract: All currency notes of denominations of Rs.500 and Rs.1000 have lost their legal sanction from the midnight of 8th November, 2016. The objective behind this withdrawal was to curb black money and corruption. Only short span of time was given to get these currency notes exchanged or deposited in banks and post offices, and one is expected to adapt to the new currency system within a reasonable time. Although people with black money obviously stood the most affected, there were several implications that had to be faced by the average middle class person, farmers, banks and the economy as a whole. The businessmen were no exception. An attempt was, therefore, made in this research to analyse the various problems faced due to demonetization by the small retailers in Erode city.

Keywords: Demonetisation, Retailers, Net Banking

[1] http://tickto.com/impact-of-demonetization-on-indian-retail/

[2] http://retail.economictimes.indiatimes.com/re-tales/demonetization-s-impact-on-indian-retail/1949

[3] http://www.indiaretailing.com/2016/11/22/retail/expert-speak-impact-demonetization-indian-retail/

Paper Type	:	Research Paper
Title	:	Many Maladies and One Remedy: Indian Economy and Demonetization
Country	:	India
Authors	:	P. Ranjitham

Abstract: Indian economy, though plagued by many maladies, is poised to project rosy figures of impressive GDP. The 'young' nation with equanimous population demographic advantage with vast agrarian land tracts and fishing seashore is in the threshold of development. However, She faces a plethora of syndromes domestically such as poor-quality education right from to primary to tertiary levels; lesser job-creation to the rapidly rising population; garnering of resources by a few and hoarding the same; mind-less corruptive practices to destroy the tap-root of the societal fabric; under-developed infrastructural facilities such as rural connectivity and warehousing facility for the fragmented farming community...........

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Paper Type	:	Research Paper
Title	:	Impacts of Demonetization: Organised and Unorganised Sectors
Country	:	India
Authors	:	Dr. P. AYYAPPAN

Abstract: Demonetization refers to Withdrawal of a particular form of currency from circulation. Demonetization is necessary whenever there is a change of national currency. The old unit of currency must be removed and substituted with a new currency unit. The currency was demonetized first time in 1946 and second time in 1978. On Nov. 2016 the currency is demonetized third time by the present Modi government. This is the bold step taken by the govt. for the betterment of the economy and country. In this paper I want to discuss the impact of recent demonetization on the Indian system.

Keywords: Demonetization, Black Money, Counterfeit Currency, Corruption

Paper Type	:	Research Paper
Title	:	Benefits of Demonetization: Rich and Poor
Country	:	India
Authors	:	Mrs.S.Sangeetha

Abstract: The government of India has implemented a major economic decision of demonetizing high value current notes of rs.500and rs.1000. The rationale given behind this is that it would curb black money and its flow as most of it would get invalidated. This proposition however, is not backed by any evidence or proof and therefore portends district long term, medium term and short term complications. This makes it imperative to assess the challenges such a shook is expected to have on functioning of the Indian economy, which may vary according to the extent of re monetization that follow up. This paper tries to explain of benefits of demonetization rich and poor, particularly in India. The research conducted has a descriptive and analytical nature to it. The paper also seeks to elucidate the implications of demonetization economics like India.

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Paper Type	:	Research Paper
Title	:	Demonetization: Impact on the Economy
Country	:	India
Authors	:	P.Nandhini || Dr.G.Kalaimani

Abstract: Demonetization refers to withdrawal of a particular form of currency from circulation. Demonetization is necessary whenever there is a change of national currency. Due to demonetization , the corruption shall be done to a great extend. It will bridge the gap between haves and have not's. Demonetization will flush out black money. It motivates cashless transaction. The main effect is the cash economy will contract. This paper elucidates the impact of demonetization on the economy.

[1]. http://www.nipfp.org.in/media/medialibrary/2016/11/WP_2016_182.pdf
[2]. https://edupediapublications.org/journals/index.php/IJR/article/view/6214

Paper Type	:	Research Paper
Title	:	Impacts of Demonetisation on Indian Economy- Issues & Challenges
Country	:	India
Authors	:	Ms.E.Kamatchi Muthulakshmi

Abstract: India has amongst the highest level of currencies in circulation at 12.1% of GDP. Cash on hand is an estimated at around 3.2% of household assets, higher than investment in equities, or roughly around $ 220 billion. Of this cash, 87% is in the form of Rs 500 and Rs 1,000 notes or roughly Rs 14 lakh crore ($190 billion).A significant portion of the household cash on hand is generated by economic transactions that are not reported to tax authorities or generated through corruption. Scrapping the higher denomination money would either result in these being brought into the system or the money just disappearing. The present paper highlights the probable consequences of this decision on various economic variables and entities.

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[4] http://www.business-standard.com/article/economy-policy/five-likely-effects-of-demonetisation-on-economy- 116110901411_1.html
[5] http://www.business-standard.com/article/economy-policy/five-likely-effects-of-demonetisation-on-economy- 116110901411_1.html