Skip to main content

Real Impact of Demonetization on Various Sectors of Indian Economy and Society’: Post Demonetisation Impact on Economy

Real Impact of Demonetization on Various Sectors of Indian Economy and Society’: Post Demonetisation Impact on Economy Kindle Edition(Publication Date: June 1, 2017;Sold by: Amazon Digital Services LLC;Language: English;ASIN: B071JD8675)-by ajit roy (Author, Editor)
  • June 2017
  • Edition: 1
  • Publisher: Amazon Kindle Platform
  • Editor: ajit roy
  • ISBN: ASIN: B071JD8675
  • Ajit kumar RoyAjit kumar Roy
    •                                            Abstract and figures
      Demonetisation announced on November 8, 2016 was aimed at addressing corruption, black money, counterfeit currency and terror financing. Although demonetisation holds huge potential benefits in the medium to long-term, given the scale of operation, it was expected to cause transient disruption in economic activity. Many analysts expected large negative effects on private consumption and investment and thereby the Indian economy. But the financial figures of the last quarter give the answer as follows.  According to the report, “post demonetisation (i.e. after 30th December), cash withdrawals have been declining rapidly from a peak of Rs 528 billion for the week ended 13th January to Rs 325 billion recently (week ended 24th March).  Demonetisation has not affected the growth of the country as Industrial output growth reveals that the Industrial output growth has risen to a 13-month high of 5.7% in November while retail inflation slowed to a 25-month low in December.  According to RBI, Country’s foreign exchange reserves surged for the second consecutive week by $932.4 million to $360.775 billion in the week to January 20 on account of rise in foreign currency assets.  The rupee hit a 16-month peak against the dollar to INR 65.41 per dollar  The number of persons under the income tax net has increased by 91 lakh post note ban as unaccounted cash lost anonymity.  Launched a new website on 'Operation Clean Money,' a programme to bring illegal wealth on books.  According to the Union Finance Ministry, the CBDT has detected undisclosed income of over Rs 9,334 crores between November 9, 2016, and February 28, 2017.  Under Operation Clean Money (OCM), more than 60,000 persons, including 1,300 high-risk persons, have been identified for investigation into claims of excessive cash sales after demonetisation was announced.  Continuing its efforts to track tax evaders by tracing high-value transactions, the income tax department will issue 700,000 letters seeking information about such transactions.  The latest data release, however, shows that the Indian economy grew by 7% (year-on-year) in the fourth quarter of 2016(6.1% for Jan.-March,2017).  The real estate sector seems to have taken a hit in the fourth quarter, but this was largely counterbalanced by a strong contribution of the agricultural sector and manufacturing.  The purchasing managers’ index (PMI) shows a large rebound, indicating the worst of the demonetization may already lie behind us.  Shell companies provided a strong support system for black money after demonetization are in the process of identification and tax net facilitating income tax collections to fund infrastructure growth and development.  The income tax (I-T) department has begun its second phase of "Operation Black Money", across the country.  CBDT stated that more than 6000 transactions of high value property purchases shall be subjected to detailed investigations.  More than 30 government-to-business services have been brought online, with e-filing, single-windows and automation being rolled out.  Foreign direct investment (FDI) into India increased by 9 per cent to a record level of $43.48 billion in 2016-17 The book entitled ‘Real Impact of Demonetization on Various Sectors of Indian Economy and Society’ covers nine key topics that are essential to assess the impact of demonetizationand its short, medium and long time economic, social and political impact in India. Ch-1: Demonetisation and Remonetisation; Ch-2: Demonetization and Indian Budget 2017; Ch-3: GDP Projection’s Ch-4: Impact on Tax Collation; Ch-5: Impact on Cashless Economy; Ch-6: Impact of Demonetisation on Agriculture; Ch-7: Impact on Economy; Ch-8: Political Impact and Ch-9: Impact on Society The goal of this book is to present simple informative facts and figures based on carefully chosen topics from secondary authentic sources to depict real impact of demonetization on various sectors of Indian economy.

Comments

Post a Comment

Popular posts from this blog

Bioinformatics Resources on Web

Bioinformatics Resource on the Web(Freely Available) Nucleotide Sequence Databases (the principal ones) ·          NCBI  - National Center for Biotechnology Information ·          EBI  - European Bioinformatics Institute ·          DDBJ  - DNA Data Bank of Japan Protein Sequence Databases ·          SWISS-PROT & TrEMBL  - Protein sequence database and computer annotated supplement ·          UniProt  - UniProt (Universal Protein Resource) is the world's most comprehensive catalog of information on proteins. It is a central repository of protein sequence and function created by joining the information contained in Swiss-Prot, TrEMBL, and PIR. ·          PIR  - Protein Information Resource ·  ...
Post a Comment
Read more

Modelling Forecasting Artificial Neural Network and Expert System in Fisheries and Aquaculture

The book entitled 'Modelling Forecasting Artificial Neural Network and Expert System in Fisheries and Aquaculture is the first of its kind available in the market. The book contains altogether sixteen chapter covering both capture and culture fisheries aspects contributed by various subject matter specialists engaged in research and development activities at various national institutes of repute. Each of the chapters has been specially written by an expert in the field bringing together in a single volume a range of approaches and reviews covering conceptual and mathematical model empirical and theoretical model deterministic and stochastic model biological model pond ecosystem model and explanatory models. Both linear as well as nonlinear models applied to fisheries and aquaculture research has been dealt with illustrated examples on current real fisheries data. Adequate attention has been given to select chapters that contain both theoretical as well as applied areas of researc...
Post a Comment
Read more

Big data techniques for extracting insight from data arising out of demonetization, digitization and cashless economy initiatives of India

Big data techniques for extracting insight from data arising out of demonetization, digitization and cashless economy initiatives of India Ajit Kumar Roy Central Agricultural University, India The digital economy is rapidly developing worldwide as the largest driver of innovation, competition, and growth. Even though many people have been excluded, tremendous opportunities are available for the digital economy to support financial inclusion for sustainable economic development. India could see a boost of $700 billion, an 11.8% increase by 2025. This additional GDP could create up to 21 million jobs. McKinsey has estimated that Indians lose more than $2 billion a year in forgone income simply because of the time it takes travelling to and from a bank. India aims to create a cleaner, more transparent economy via digitalization that will lead to an improved climate for foreign investment, boost economic growth. Goldman Sachs predicts that India - comprising 15% of the world populat...
Post a Comment
Read more

Cutting edge computational solutions for large scale high-dimensional data sets arising out of new biology

Cutting edge computational solutions for large scale high-dimensional data sets arising out of new biology   New biology is a branch of biology that that deals with the nature of biological phenomenon at the molecular level. In post genomic era a new language has been created for new biology viz.,Genomics,Functional Genomics, Proteomics,cDNA,microarrays, Global Gene Expression Patterns .New Computational Tools are used for Sequencing, Analyzing experimental data, Searching, Pattern matching, Data mining, Gene discovery, Function discovery aiming to Classify, Identify patterns, predictions, Create models & Prediction, Assessment and Comparison,Optimization,Better utilize existing knowledge. The new wave of high-throughput technologies in genomics and proteomics are constantly improving and generating an unprecedented amount of data that can be termed as Big Data means large data sets in terms of volume, variety, velocity, variability, veracity, & complexity. Bioinformati...
Post a Comment
Read more

Evaluation of Performance of Primary Fisheries Cooperative Societies (MSS) of Tripura

Evaluation of Performance of Primary Fisheries Cooperative Societies (MSS) of Tripura A.D. Upadhyay, M. Sinha, 1 , A.K. Roy, J.R. Dhanze and D.K. Pandey College of Fisheries, Central Agricultural University, Lembucherra Tripura – 799 210, India 1 Directorate of Fisheries, Govt. of Tripura, Agartala, India Email:ad_up@rediffma Abstract Fishermen cooperatives are recognized as means of socio-economic development of fishers/fish  farming community, which generally belong to weaker section of the society. The state of Tripura  has made significant progress in fish production by 197 per cent from 2004-05 to 2011-12. An  attempt has been made in this paper to analyse the status of Fishermen Cooperatives in Tripura with  respect to water holdings and fish and fish seed production. It has been found that the fishermen  cooperative in Tripura like other states of the country is not encouraging because majority of them...
Post a Comment
Read more

Digital India Initiative-To Transform India into Digital Empowered Society and Knowledge Economy

Digital India Initiative-To Transform India into Digital Empowered Society and Knowledge Economy SF J Telecommun,Volume 1 · Issue 1 · 1000001SF  *Ajit Kumar Roy *Central Agricultural University Agartala, India *Corresponding author: Ajit Kumar Roy,  Central Agricultural University Agartala, India. E-mail: akroy1946@yahoo.co.in            Abstract    Prime Minister Narendra Modi launched the much ambitious 'Digital India' programme in the presence of top industrialists who shared their ideas of taking digital revolution to the masses. The Digital India programme is a flagship programme of the Government of India with a vision to India into a digitally empowered society and knowledge economy. This is a big step forward to transform the country into a digitally empowered knowledge economy. Launched various schemes worth over Rs 1 lakh crore like Digital Locker, e-education, e-health, e-sign and national scholarship p...
Post a Comment
Read more

Quantitative Assessment of Trend of Water Area Development, Fish Production, Fish Seed Production Over Successive Plan Periods of Nagaland

Quantitative Assessment of Trend of Water Area Development, Fish Production, Fish Seed Production Over Successive Plan Periods of Nagaland March 2013 Projects:  Fisheries/Aquaculture Econometrics/Statistics Ajit kumar Roy Anil Upadhyay Khriezhato Nakhro                                                          Abstract  A complete account of fisheries resources that includes rivers, lakes, bheels pond and tanks along with Government initiatives for fisheries development are compiled for Nagaland well known for its fish biodiversity. In spite of the available resources, in terms of aquaculture production the state of Nagaland could not make visible impact so far. The meager production of the state is still far from self-sufficient and this can be attributed to a number of constraints such as land locke...
Post a Comment
Read more

Surprising Mind Blowing Facts and Figures of Big Data (Revised): Big data Statistics (Big data-Series-2 Book 1) Kindle Edition

Surprising Mind Blowing Facts and Figures of Big Data (Revised): Big data Statistics (Big data-Series-2 Book 1)   Kindle Edition by  Ajit Roy   (Author) Big Data” is a hot topic and getting a lot of media and business attention. Everyone is talking about big data, from the challenges to yearly spending, job creation and even the tools required for big data projects. Many believe big data will help businesses make better decisions. Big Data is the expression of this gigantic mass of information that we are constantly generating at the global level due to the tremendous amount of data generated daily from fields such as business, research, and sciences. Big Data is everywhere and represents huge opportunities to those who can use it effectively. Big Data is the result of practically everything in the world being monitored and measured; creating data faster than the available technologies can store, process or manage it. Big data is a buzzword that is ambiguous and of...
2 comments
Read more

Cashless Economy in India- Present Scenario, Potential, Prospect and Challenges: Post Demonetisation Impact

Cashless Economy in India- Present Scenario, Potential, Prospect and Challenges:https://www.amazon.in/dp/B06XDY34DJ/# March 2017 Edition: 1 Publisher: amazon kindle;Amazon Digital Services LLC Editor: ajit roy ISBN: ASIN: B06XDY34DJ Projects:  Big Data and Data Science Initiative in India- Upcoming Job Opportunities: Big Data Job Opportunities in India (Big Data-Series-4) (Volume 1) Paperback • ASIN: 1535188790 • ISBN-13: 978-1535188791 Post Demonetisation-Cashless Economy-digital Indi a To combat black money, corruption, counterfeit currency and terror financing, government took decision on November 8, 2016 to ban Rs 500 & 1000 notes followed by putting a cap on withdrawals from banks and ATMs, Prime Minister Narendra Modi floated the idea of a cashless society. This is a public sector innovation unthought-of in history. A cultural-economic revolution in the making. But this surprise demonetization also pushed millions of new users onto the country’s ...
Post a Comment
Read more

A Structured Review of Relation between Full Moon and Different Aspects of Human Health

A Structured Review of Relation between Full Moon and Different Aspects of Human Health May 2017 Journal of Biometrics & Biostatistics 1(2): 1007.(2):4 Projects:  Bioinformatics/computational Biology Big Data And Data Science Full moon is the lunar phase that occurs when the moon is illuminated completely as seen from the earth Across the centuries many a person has altered the phrase, ‘there must be a full moon out there’ in an attempt to explain weird happening at night. Even today many people think the mystical power of full moon induce erratic behavior, psychiatric, hospital admission, suicide, homicide, sleep pattern, birth of baby, emergency room call, traffic accident and all manners of strange events. The main objective of this review is to find out the effect of full moon on different aspect of human health. The study was undertaken Kumudini Women’s Medical College, Bangladesh during the period between June 2016 to May 2017. Here we summarized the...
Post a Comment
Read more