*Assoc.Prof, Amjad Ali Khan College Of Business Administration Mount Pleasant, Banjara Hills Road Number 3, Hyderabad
Director, Amjad Ali Khan College Of Business Administration Mount Pleasant, Banjara Hills Road Number 3, Hyderabad
Online published on 14 December, 2017.
The Government of India announced that the Rs 500 and Rs. 1000 denominated currency notes will cease to be legal tender. The move was targeted towards tackling black money, corruption and terrorism. After initial euphoria, questions began to emerge, this study highlights on the opinion and perception of respondents towards the demonetisation issue faced by them, it tries to bring out the insight of understanding and measuring the aftermath of demonetisation it is imperative to evaluate the short run and medium-term impacts that such a shock is expected to have on the economy. Demonetization of 86% of floating currency in the market meant a huge transformation in the way businesses are being conducted in India. Push for 100% cashless transactions meant that age-old customs had to be destroyed, and new ways required to be learnt in order to conduct any type of business in the country. The original assumptions underlying the decision remain unclear, but it seems to be causing considerable harm. Although popular right now, demonetisation may not end up being a good bargain
Demonetisation, Black money, shadow economy, underground economy, remonetise, digitisation, counterfeit currency
