We'Ken- International Journal of Basic and Applied Sciences

Shubham Gupta ¹

Affiliations
1 Allahabad, Utter Predesh, IN

Abstract

The current situation of demonetization is a subject of discussion. The major area which is affected with this step of regime is consummately the sector which was working on the substratum of daily cash flow. The middle level and the higher income individual are not much affected with this situation because they have their own ways to tackle the issue but the major quandary and confusion aroused with the lower income group people.
In this study a comparison has been made between the current scenario, the current policy for demonetization and the one that happened in year 1978, with regard to both the advantages as well as the disadvantages of this to the national economic policy and the public at large. This study is focused on the areas which were unrevealed and left out where demonetization of higher bank notes leaves its print in illegal ink. It was understood that the biggest beneficiaries of demonetization move was the E-wallet companies, the startups like paytm, freecharge etc.

Keywords

Demonetization, Economic Policy, Black Money, Corruption, Terror.

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