Shruti Agarwal, demonitization
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Transcript of Shruti Agarwal, demonitization
DEMONETISATION?• Act of stripping
a currency unit of its status as legal tender.
• Necessary whenever there is a change of national currency.
• The old unit of currency must be retired and replaced with a new currency unit.
Why? • Cash hoarding• Fake currency• Undeclared
income• Illegal activities
1. Terrorism2. Drug trade3. Corruption
CASH HOARDING FAKE CURRENCY
UNDECLARED INCOME DRUG
TERRORISM CORRUPTION
What to do with old notes? • Exchange them
1. Voter ID2. Aadhar card etc.• Deposit them (Bank)• Use them1. Petrol pump2. Hospitals etc.
IMPACT OF DEMONETISATION:
BLACK MONEY GDP
MARKET IMPACT
IMPACT (+ve)
Traceability
Bring more money
Reset the black money clock
Reset the fake money
IMPACT (-ve)
Housing finance companies
Jewellery companies
Consumption sector
Real estate
Gold, silver etc.
Railway bookings
Dumping Donations
Exchange business
SOME OF THE WAYS OF TACKLING:
Assurance given by PM Modi ?
Are people supporting the bold
move?
REACTIONS ON SOCIAL MEDIA:
ATM
Withdrawal
Deposit
• Limit 2000/-• Limit 2500/- (upcoming)
• 2.5 Lakhs ( marriage)• 20000 (weekly before 14th NOV.)• 24000 through cheque (weekly
after 14th NOV.)• From CC 50000 (weekly)• 25000 (upcoming)
• No limit
• Separate queues for Senior Citizens and Divyang persons, customers with accounts in the Bank and for customers for exchange of notes.
• *Business entities-Current account-since last 3 months-50000/-• *Framers weekly limit 25000/-
CONCLUSION:
Thank You!
- AASHI MEHTA- SHRUTI AGRAWAL