Oops! It appears that you have disabled your Javascript. In order for you to see this page as it is meant to appear, we ask that you please re-enable your Javascript!

DMPQ: What were the objectives of Demonetisation? What were the positive effects?

RAS/RTS Prelims and Mains Exam Preparation

On 8th Nov, 2016 86% of the currency in circulation was declared as not legal tenders.

 

The stated objective of demonetisation was :

  • Reduction of black money
  • Achieving lower cash/ gdp ration
  • An attack on fake currency
  • To stop terror financing
  • Increasing digital transactions
  • Increasing tax net

 

Positive effects of  Demonetisation are as follows:

 

  • The number of tax fillers have increased.( Additional 9 million)
  • The transactions made amounting to Rs 3 lakh crore are under Income tax deptt. Vigilance
  • Over 2 lakh shell companies have been deregistered.
  • Demonetisation has able to put a hold on unregulated Real estate sector .
  • Anonymity with the cash transactions is reduced.
  • The whole process has brought more accountability.
  • Formalisation of economy- a step toward

 

RAS-RTS FREE Notes brings Prelims and Mains programs for RAS-RTS FREE Prelims and RAS-RTS FREE Mains Exam preparation. Various Programs initiated by RAS-RTS FREE Notes are as follows:- For any doubt, Just leave us a Chat or Fill us a querry–– [everest_counter id='8587']

             Best Notes for RAS

Get on COD Now

Subscribe to RAS Free Notes

Never Miss any RAS important update!

Join 2,693 other subscribers