Business owners in India have faced a problem with the detection of fake currencies. Another problem is that the holders of fake currencies could be genuine people who innocently hold such money. 2014-15 saw India record a rise in the use of fake currencies. Counterfeit money in India is mainly … [Read more...] about How demonetization help in solving the problem of fake currency?
Economy of India
Overview The Indian government has long struggled with the issue of the fake currency and black money. In 1946 and in 1978, the respective Indian governments turned to demonetization as the long-term solution to the problem. The same historical event would take place in India in 2016. The … [Read more...] about Paragraph on Demonetization in India
Meaning of Demonetisation The act to cease a currency unit or put an official stop on its status as a legal tender is known as demonetisation (alternate spelling: demonetization). Demonetisation is the process that involves a change of national currency, where old currency is replaced with new … [Read more...] about Demonetisation: Meaning, Advantages and Disadvantages
Indian economy bags the seventh position among the other strongest and largest economies among the world. Being one of the top listed countries among the developing countries in terms of industrialization and economic growth, India holds a robust stand with an average growth rate of approx … [Read more...] about Features of Indian Economy – 20 Points
Though the Private Sector businesses are actuated by motives of private gain, it would be unkind to minimize the value of their contribution to the growth of our industrial life. Private sector businesses play an important role in manufacturing industries and the export and import trade of the … [Read more...] about The Role of Private Sector in Economic Development of India