Walmart and Flipkart Deal: Success points India has marched on the path of digital transactions at a much faster pace. Read Latest GD Topics: With respect to property sales, the secondary market was obviously highly susceptible to demonetisation as compared to the primary market.
As on November 25, , a negative growth of It suggests a return to equilibrium: Is Society ready for transformation? Tempers are running high among the masses as there is a delay in the circulation of new currency.
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This amount can be utilized for social welfare schemes and making the life of low income groups better. It went to Various policy initiatives, amendments and reforms were all aimed at making the real estate sector more transparent, organised and fundamentally stronger. The supply of new housing units in the top-6 cities in India during the first three quarters of was down by around 60 per cent, compared with the corresponding period of Is Society ready for transformation?
However, the shadow of Demonetization now appears to be fading in reality sector. Property transactions in the secondary sales and luxury housing segments tended to have significant cash components, and such sales have been hampered significantly due to demonetization. The Public Sector Banks which were reeling under deposit crunch and were running short of funds have suddenly swelled with lot of money which can be used for future finances and loans after keeping a certain amount of reserve as per RBI guidelines. Automobile sales picked up Sale of 2 wheelers and 4 wheelers was showing a negative growth in MDI Gurgaon Admission
One of the biggest achievements of demonetization has been seen in the drastic curb of terrorist activities as it has stopped the funding the terrorism which used to get a boost due to inflow of unaccounted cash and fake currency in large volume. Even less educated people have learned and switched over to mobile transactions. The announcement was sudden and unscheduled.
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Key points describing success of demonetisation are:. On the one hand huge cost is to be incurred on printing the new currency and on the other hand managing the lakhs of crores of old currency volume has also become a big expenditure incurring item. dissertation thesis difference uk However, the shadow of Demonetization now appears to be fading in reality sector. Due to the inability to pay cash to poor daily wage workers, the small employers have stopped their business activity. IIM Bangalore Admission
A boon or a bane for society and individuals Cashless Economy: There was a negative growth even in short period of months. The Public Sector Banks which were reeling under deposit crunch and were running short of funds have suddenly swelled with lot of money which can be used for future finances and loans after keeping a certain amount of reserve as per RBI guidelines.
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The Economic Survey has cited exports and imports data to claim that the demonetisation effect was now over. India moves to cashless economy One of the key effects of Demonetization has been that more people have made digital payments part of their lives moving towards a cashless economy. Success points India has marched on the path of digital transactions at a much faster pace. Economic Growth slows down Post demonetization growth of Indian Economy slowed down from 9. IIM Ahmedabad Admission
The Economic Survey has cited exports and imports data to claim that the demonetisation effect was now over. It was a live television address at 8PM on November 8, Accordingly it brought down the rate of inflation during the months that followed demonetization.
Accordingly it brought down the rate of inflation during the months that followed demonetization. As the cash shortages grew in the weeks following the move, the demonetization was heavily criticised by prominent economists and by world media. The demand for affordable and mid-segment housing has been on a rise.