Department of Social Science, Guru Angad Dev Veterinary and Animal Sciences University, Ludhiana, Punjab, India
Review Article
A Study on Objectives of Demonetisation and Its Impact on Banking Patterns and E-Transactions
Author(s): Nidhi Sharma*
Economic histories are replete with examples of demonetisation done in various countries. While in some countries demonetisation scripted success stories, it proved to be disastrous elsewhere. Countries like America, Ghana, Nigeria, Myanmar, Soviet Union, North Korea and Iraq opted for demonetisation due to political motives or economical reforms. In India, Prime Minister Narendra Modi announced ban on currency notes of Rs. 500 and Rs. 1000 on November 8, 2016. The event was widely covered by the newspapers in the country and hence played a larger role in shaping the public perception about demonetisation. The major objective of this paper is to acquire a better understanding of public perception about objectives of demonetisation besides assessing the changes in banking patterns and advent of digitalization of economy. For the study, a sample of 600 respondents was taken from Punjab .. View more»