It’s been a year since the demonetization decided to implement demonetization. Hers’s a look at what worked and what didn’t.
On 8th November 2016, the government surprised the entire nation by cancelling Rs. 50 and Rs. 1000 currency notes. The decision came as a big shocker for everyone in the country. It not only affected a lot of industries but also disrupted day-to-day of lives of people. However, at the same time, this momentous decision helped unorganized industries move towards formal economy.
The Move:
Rs. 50 and Rs. 1000 currency notes were demonetized. Thus, almost 86 per cent of currency suddenly became worthless paper.
The Aim
Effects
Now
Changes
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