What is the conclusion of demonetization?

Answer:The currency has been demonetised thrice in India. concluded that Demonetization is advantageous in short, medium and long-term. He concluded that demonetisation was a compulsory step to tackle the problem of black money, terrorism and corruption etc.

How do you write a conclusion for a connection essay?

Summary. The conclusion is the final place to show the connections between all the points made in your essay. Take the most important, relevant, and useful main points from your body paragraphs and summarise them here. Use the same keywords and ideas as the body paragraphs, but don’t just repeat the same sentences.

What is demonetisation essay in English?

Demonetization is the act of removing currency as legal tender. The current form of money is stripped from circulation and dismissed in the case of demonetization. New forms of notes and coins are replaced by the old ones. Nations often fully introduce a new currency by replacing the old currency.

Was demonetization a success discuss?

Demonetization: Still Haunts Indian Economy 1000/- currency notes has ended. However, the analysis in India and abroad has claimed that demonetization of November 2016 has failed to do what it was supposed to do and its impact has turned out to be more protracted than initially expected.

Was demonetisation a success or failure?

The data on Income tax returns filed also confirms the success of the demonetisation of the scheme. It surged 14.5 per cent in FY 2016 and then jumped 20.5 per cent in FY 2017, the year of demonetisation. In the subsequent year FY 2018, income tax returns filed surged further 23.1 per cent to 68.7 million.

What was the outcome of demonetisation in India?

The result has been an economic slowdown even before the Covid-19 pandemic hit in 2020. Demonetisation was an ill-advised step that did not achieve any of its goals, even after the goalposts were shifted. But it damaged the economy no end, especially the unorganised sector.

What makes a good conclusion in an essay?

Any evidence or analysis that is essential to supporting your thesis statement should appear in the main body of the essay. The conclusion might include minor pieces of new information—for example, a sentence or two discussing broader implications, or a quotation that nicely summarizes your central point.

What is the aim of demonetisation explain any two features?

Objectives of Demonetisation in India To restrict and reduce the supply of money, used for anti-social activities. To run cashless economy in the country. To reduce or eliminate tax evasion . To eliminate black money and black marketing.

What are the benefits of demonetization?

While demonetisation imposed short-term costs, there have been important benefits via the above-mentioned increase in direct tax collections as a proportion of GDP, and the sharp, persistent rise in digital payments, said KV Subramanian, chief economic adviser to the government, in this Livemint article.

Why is demonetisation good?

What is demonetisation short essay?

Short Essay on Demonetisation is usually given to classes 1, 2, 3, 4, 5, and 6. In simple words, Demonetisation is the situation where the government legally bans the notes and coins of a certain denomination. Mostly the currencies that are banned are replaced by new currencies.

What are the pros and cons of demonetisation?

Demonetisation reduces the liability for the government along with the liability of liquid currency. Notes can prove a liability for the government as the risk of black money remains in society. It will be easier for the government if currency notes stop circulating.

What is the impact of Demonetisation on digital marketing?

Due to Demonetisation, people in rural areas got some financial literacy, and digital marketing was considered. It has proven to be one of the most effective methods to eradicate black money out of the country. It also led to the enhancement of internet connections for supporting cashless transactions.