About the Book: Demonetisation in India: Reasons, Effects and Government
Initiatives
Demonetization is the retraction of specific currency denominations in
circulation and the subsequent replacement with new notes and coins. Initially,
demonetization took the form of replacing an existing currency with a new one,
and was enacted to mitigate cases of hyperinflation or to reduce
large-denomination cash in circulation. It is a powerful policy tool for
reducing the size of the underground economy. The historic demonetization move
by the government is seen as a war on parallel economy, corruption, money
laundering and to stop financing aid enjoyed by the terrorists. The present book
highlights, considers and discusses various