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Demonetization is a Boon or Curse to the Nation? An Independent Thinking.

Jayadas S.

Department of Commerce, Devaswom Board Pampa College, Parumala, Mannar Pathanamthitta-690505, (Dist.) Kerala, INDIA.

ABSTRACT

Demonetization has been the biggest financial outbreak India saw in this decade. The sudden ban of 500 and 1000 rupee currency notes on November 8, 2016 shook the Indian economy and surprised its citizens. An abrupt monetary measure taken by the Government to curb black money and its aftermath has flashed in news headlines for days and weeks. But what actually is the big picture behind demonetization? Has it become a Government flaw? Or is there a shrewd reality India is going to see in the coming months? An independent thinking.

Keywords :Demonetization, currency, money, bank, cash.