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DEMONETISATION :A FIGHT AGAINST CORRUPTION AND BLACK MONEY


Jaya Singh
,
Abstract

The word demonetisation, meaning, a currency being deprived of its being a legal tender in an economy, was on everyone’s mouth from the mid night of 8th November,2016, when an announcement was made by our Prime Minister that our bigger currency denominations ,(Rs 500 and Rs 1000 currency notes) will not be a legal tender now. It will be merely a piece of paper from tomorrow. Its basic motive was to eradicate black money from the economy and to remove corruption from the country.

KEYWORDS: Demonetisation, Black money, Corruption

Keywords:
Journal Name :
EPRA International Journal of Economic and Business Review(JEBR)

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Published on :

Vol : 5
Issue : 7
Month : July
Year : 2017
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