IMPACT OF BLACK MONEY ON ECONOMY:

Black money is usually associated with illegal money in the economy. This money is earned by criminals through different illegal activities like terrorism, tax evasion, theft, etc. Black money exists with the real economy but it is unreported and unofficial. It runs a dual economy with the official economy. The interaction […]

OVERALL IMPACT OF DEMONETIZATION:

Demonetization means a country decides to demonetize its economy by introducing new currency changes in place of old currency. The goals behind demonetization are to cope up with black money, reduce inflation, and encourage electronic transaction, tax evasion and to eliminate the criminal activity that is done through money. It is, […]

REASONS BEHIND FAILURE OF DEMONITIZATION IN INDIA:

The decision of the Indian government to demonetize their economy resulted in some serious consequences. Although, government officials said that the goals of demonetization were achieved the story was different. The failure was backed by different reasons mentioned below: The total number of 500 rupee notes in the economy at that […]

ADVANTAGES AND DISADVANTAGES OF DEMONETIZATION:

Demonetization effect involves destroying old currency notes and introducing a new currency into the economy. It is done for several reasons. Major reasons are: to control inflation, to track down black money, to stop the circulation of fake money, to control illegal activities and tax evasion by people. Demonetization affects the […]

What is Bitcoin?

Bitcoin is considered the first decentralised digital currency. These are digital coins that can be sent through the internet. When we compare Bitcoins to other alternatives, we can see that Bitcoins have a number of advantages. The first advantage of Bitcoins is that they are transferred directly from person to person, […]

REASONS BEHIND DEMONITIZATION IN INDIA:

In Nov 2016 Indian government decided to demonetize its economy. Banknotes of 500 and 1,000 were declared worthless and people were given time until the end of the year to exchange these notes with new 2,000 rupee notes and 500 rupee bills. The step was taken in order to combat inflation, […]

DEMONITIZATION IN INDIA:

The act of demonetization in India is one of the biggest cases of demonetization in history. In early November 2016, the Indian government decided to invalidate billions of 500 and 1,000 rupees bank notes. The major reason for doing this was to encounter the illegal activity of black money from the […]

REMITTANCES HELPING RURAL PAKISTAN:

Pakistan is known as one of the developing nations of the world. Pakistan has been facing several economic and social problems. Poverty and unemployment are on the peak. Remittances play a crucial role in the economy of the country especially for the households living in rural areas. A higher percentage of […]