Dr K. Cherian Varghese

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An Ex-Banker Explains Why The Note Ban Is Only A Temporary Relief From Black Money - ScoopWhoop

Demonetisation of currency notes in the high value denomination of Rs.500 and Rs.1,000 with effect from 8th November,2016 is intended to serve the purpose of curbing the shadow economy estimated to be at a disturbing level of 23.2%of India’s Gross Domestic Product (GDP : the total value of goods and services produced) as per a 2007 World Bank study and the menace of circulation of fake currencies.

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The demonetization of currency notes in the high value denomination of Rs 500 and Rs 1000 with effect from November 8 is intended to serve the purpose of curbing the shadow economy. The shadow economy [&hellip;]

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An Ex-Banker Explains Why The Note Ban Is Only A Temporary Relief From Black Money

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Dr K. Cherian Varghese

An Ex-Banker Explains Why The Note Ban Is Only A Temporary Relief From Black Money