Demonetisation - An Analytical Perspective

Abstract

This working paper is based on a study by the faculty of the COER and COER-SM on various aspects that affected the nation due to Demonetisation. Researchers in this paper are trying to evaluate the research objectives with the help of various literatures available. In their paper an attempt has been made to understand different factors with an analytical perspective. Finally an effort is being made to bring out the positive outcomes of the subject. The objectives which the Study Team has set for itself are as follows- (1) To study the Pre-Demonetisation status of Indian Economy (2) To understand the effect of 86% Money circulation in higher denomination notes i.e., 500 and 1000/- getting demonetised. (3) To understand and analyze the Black Money existing in the system based on the following- (a) Sources of Black Money (b) Estimation of Black Money (c) Role of governance and authorities in controlling the Black Money. (4) Money Laundering and Parallel economy (5) To Evaluate the Cash Economy (6) To understand the role of Digital Economy in minimizing the Cash Economy and its practicality. (7) Impact of Tax- Income Disclosure Scheme and related Yojanas(Jan Dhan Yojana, Garib Kalyan Yojana) (8) Cyber Crime and IT Act (9) Role of Ministry of Finance (10) Demographical factors and its impact on acceptance of technology (11) To study the Status and impact on (a) Real Estate Sector (b) Terrorism

Keywords: Black money, Cyber crime, Demonetisation, Digital economy, Parallel economy

View PDF