Demonetization and the Black Economy by Kumar, Arun

Demonetization and the Black Economy

On 8 November 2016, the prime minister announced the immediate cancellation of allRs 500 and Rs 1000...
$36.13 AUD
$36.13 AUD
SKU: 9780143456407
Product Type: Books
Please hurry! Only 0 left in stock
Author: Arun Kumar
Format: Paperback
Language: English
Subtotal: $36.13
10 customers are viewing this product
Demonetization and the Black Economy by Kumar, Arun

Demonetization and the Black Economy

$36.13

Demonetization and the Black Economy

$36.13
Author: Arun Kumar
Format: Paperback
Language: English

On 8 November 2016, the prime minister announced the immediate cancellation of all
Rs 500 and Rs 1000 denomination notes, wiping out 86 per cent of the currency in
circulation. India's well-functioning economy went into a tailspin.

This move, it was claimed, was made to wipe out corruption, deter the generation of black
money, weed out fake Indian currency notes and curb terrorism. Overnight, people in India realized that the cash in their pockets had no value. A window of fifty days was granted to 1.3 billion people to convert their old notes into new ones.
Businesses, especially in the unorganized sectors, came to a grinding halt. Patients in hospitals faced huge problems, farmers had difficulty buying inputs, weddings were scaled down, and fishermen watched their catch rot. Many lost their jobs and could not support their families.
A year later, the RBI announced that 99 per cent of the old currency notes had been deposited with
it. India continues to grapple with the effects of this move. The black economy has not been
dented; counterfeiting and terrorism continue; the credibility of the RBI, banks and currency is
damaged; the accountability of the Parliament and the prime minister has been eroded; and the social divide
has widened. There have been many arguments and counter-arguments from both sides, but they have
missed the complete picture.
Demonetization and the Black Economy, for the first time, lucidly explains the story
of demonetization along with its effects on the economy.



Author: Arun Kumar
Publisher: India Portfolio
Published: 05/01/2022
Pages: 344
Binding Type: Paperback
Weight: 0.50lbs
Size: 8.43h x 5.28w x 0.87d
ISBN: 9780143456407

Returns Policy

You may return most new, unopened items within 30 days of delivery for a full refund. We'll also pay the return shipping costs if the return is a result of our error (you received an incorrect or defective item, etc.).

You should expect to receive your refund within four weeks of giving your package to the return shipper, however, in many cases you will receive a refund more quickly. This time period includes the transit time for us to receive your return from the shipper (5 to 10 business days), the time it takes us to process your return once we receive it (3 to 5 business days), and the time it takes your bank to process our refund request (5 to 10 business days).

If you need to return an item, simply login to your account, view the order using the "Complete Orders" link under the My Account menu and click the Return Item(s) button. We'll notify you via e-mail of your refund once we've received and processed the returned item.

Shipping

We can ship to virtually any address in the world. Note that there are restrictions on some products, and some products cannot be shipped to international destinations.

When you place an order, we will estimate shipping and delivery dates for you based on the availability of your items and the shipping options you choose. Depending on the shipping provider you choose, shipping date estimates may appear on the shipping quotes page.

Please also note that the shipping rates for many items we sell are weight-based. The weight of any such item can be found on its detail page. To reflect the policies of the shipping companies we use, all weights will be rounded up to the next full pound.

Related Products

Recently Viewed Products