Impacts of Demonetization in the Indian State Arunachal Pradesh: A Political Gimmick or Robust Policy
Sandeep Kumar Gupta1, Serdar Vural Uygun2, Sandeep Sharma3, Santosh Kumar Yadav4, Laodiceia Amorim5, Weersma Svetalana Ilinich6
1Sandeep Kumar Gupta, Sharda University, Greater Noida, India.
2Serdar Vural Uygun, Nevsehir University, Nevsehir, Turkey.
3Sandeep Sharma, Department of Mathematics, DIT University, Dehradun, India.
4Santosh Kumar Yadav, Department of Commerce and Management, Indira Gandhi Technological and Medical Sciences University, Zero, Arunachal Pradesh, India.
5Laodiceia Amorim, Professor of Entrepreneurship and Innovation, Cetro Universitario Christus, Brazil.
6Weersma Svetalana Ilinich, Professor of Social Inclusion, Open International University of Human Development, Vinnytsia, Ukraine.
Manuscript received on 13 April 2019 | Revised Manuscript received on 20 April 2019 | Manuscript Published on 26 July 2019 | PP: 1074-1076 | Volume-8 Issue-6S4 April 2019 | Retrieval Number: F12220486S419/19©BEIESP | DOI: 10.35940/ijitee.F1222.0486S419
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: On November 8th, 2016, the Indian Government announced the demonetisation of the 500-rupee and 1000-rupee currency notes. Demonetisation is the process in which particular notes or coins are withdrawn from the circulation as a legal tender. The main objectives of demonetisation are, in general, to control corruption, black money, the finance of terrorist organisations and the duplicity of currency notes within a country. In the case of India, the 500-rupee and 1000 rupee notes ceased to be a legal tender starting from December 31st, 2016, and people having this demonetised currency notes had to change them or deposit them into their bank accounts. The objective of this research paper is to highlight the impacts that demonetisation brought to India.
Keywords: Demonetization, Black Money, Terrorist Organisation, Digital India, Public policy, Direct Taxes, Indirect Taxes.
Scope of the Article: Applied Mathematics and Mechanics