10 Pieces That Dissect Threadbare Demonetisation And Its Aftermath How will Narendra Modi emerge from his biggest political gamble? 01 Feb 2017 \ Other. It has been more than six months since demonetisation was announced. White label ATMs (WLA), which can be set up by non-banking entities, were said to be the future of ATMs in India. Canada: Oil prices and Canadian Dollar expected to strengthen in 2017. Managing the impact of demonetization. Demonetisation, in the end, has failed to achieve anything substantial. The Reserve Bank of India (RBI) had issued WLA licences to set up at least 9,000 ATMs in three years in rural India. Demonetisation and its side-effects Prime Minster Narendra Modi's decision to scrap high value notes of Rs 500 and Rs 1,000 has created a shortage of cash in the system, leading to a lot of discomfort for the general public and businesses. small business fund. Demonetisation and after 3 min read. Updated: 29 Dec 2016, 10:37 AM IST A Staff Writer. The monumental decision that was performed in secrecy has adversely affected the citizens, local businesses, and trading system. Demonetisation in India has led to several repercussions – the most significant one being the religious, the pious, the falsely religious, and even a few atheists thronging to temples (places of worship). White label ATMs (WLA), which can be set up by non-banking entities, were said to be the future of ATMs in India. It is often asked why politicians have failed to make a case for the free market in India. Finance Minister Arun Jaitley said, “ Obviously people who have used cash for crime purposes are not foolhardy enough to try and risk and bring the cash back into the system because there will be questions asked” . Demonetisation is an important step in dislocating those who don’t play by the rules of the game. Demonetisation affects all sorts of angels whether it is social, economic and political issues. The demonetisation move seems to have widespread support from ordinary people; however there are pockets of hardship despite attempts by the government to exempt crucial needs such as hospitals, tolls, chemists, crematoria and petrol pumps. Explore aftermath of demonetisation profile at Times of … But this has to be absorbed to prevent it from precipitating further crisis. Mortgages. Share. Demonetisation And Its Aftermath - Should The Judiciary Intervene? In the near term, the note ban has thrown life out of gear and disrupted the Indian economy. Prof.Veer Mayank & Dr. Nidhi Saxena. The demonetisation, by removing 86 per cent of the currency in circulation, has resulted in a very severe contraction in money supply in the economy. Black money hunt is over. Demonetisation and its side-effects Prime Minster Narendra Modi's decision to scrap high value notes of Rs 500 and Rs 1,000 has created a shortage of cash in the system, leading to a lot of discomfort for the general public and businesses. Check out what are positive effects and negative effects On November 8th 2016, a joke went viral across India’s Whatsapp users: “Tomorrow, a lot of married men in India are going to find out how much black money their wives have.” The US elections of that evening overshadowed another huge political announcement elsewhere in the world – … The report says that until October, cement demand had grown by 5.1 per cent year-on-year. This contraction, by wiping out cash balances in the economy, will eliminate a number of transactions for a while, since there is no or not enough of a medium of exchange available.
Finance Minister Arun Jaitley said, “ Black money hunt is over. Read more about Aftermath of demonetisation: Cash crunch hobbles White Label ATMs on Business Standard. After the demonetisation was announced, about 800,000 truck drivers were affected with scarcity of cash, with around 400,000 trucks stranded at major highways across India were reported. After post mortem, one can infer that this painful exercise …
Canada: Oil prices and Canadian Dollar expected to strengthen in 2017 .