1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ipn [44]
3 years ago
12

Write an article on demonetization in india pls help me

Social Studies
2 answers:
Degger [83]3 years ago
8 0

When PM Modi announced that Rs with the denomination of 500/- and 1000/- would cease to be the legal tender from 9th of Nov, the whole country was stunned. This decision caused sensation in the whole country. Social Media was flooded with messages and information. People started counting the trash they had accumulated for years legally or illegally.

Rumours became rife. Some tried to invest their dying currency in gold. Some contacted their near and dear ones in this miserable hour. People could get only Rs 4000/ of old denomination exchanged with the new one. Big lines became the order of the day.

Instead of getting shorter, these queues were getting longer with every passing day. The last date for the whole process was 30th of December. The persons could deposit the old cash worth Rs 2.5 lac till the said date.

The main objective of this move was to curb the black money, corruption and fake money menace. All the people but those who were indulged in malpractices welcomed the move. The whole opposition shook hand against this move under one pretence or the other. They called this decision a draconian law and wanted the govt to roll back it. Tirades were made to target the decision. Govt also carried out counter attack.

klio [65]3 years ago
6 0
<span>Demonetization, as explained by Investopedia, is the act of stripping a currency unit of its status as legal tender. Demonetization is necessary whenever there is a change of national currency. The old unit of currency must be retired and replaced with a new currency unit.</span>
You might be interested in
Please Help ASAP! Which group had a better life, hunter-gatherers or members of the first communities? Explain your reasoning an
matrenka [14]
Hunter-gathers has better life because they relies on our natural environment on hunting,fishing and foraging for wild vegetation and other nutrients like honey for food . Which is why they are strong and healthy.
8 0
2 years ago
The ronald kirk bridge is a pedestrian footbridge over the trinity river in what american city?
ch4aika [34]
<span>The ronald kirk bridge is a pedestrian footbridge over the trinity riverin dallas texas</span>
3 0
3 years ago
Please help will reward brainliest
Len [333]
I'd say logic and reason. I hope this helps you :)
7 0
2 years ago
Explain why the colonists often governed themselves and what freedoms they enjoyed in the colonnies
Lisa [10]
It was in essence, a social contract in which the settlers consented to follow the compact's rules and regulations for the sake of survival. Thus, the colonists sincerely believed that they had the right to govern themselves, being separated from Britain by an ocean and having founded an entirely new society.
4 0
2 years ago
What were the 3 things the government was supposed to do?
makkiz [27]
<span>Well, what then are the three top responsibilities, let’s say, of the federal government?” asked Mark Levin. “I agree with him [Donald Trump] on one of them – security. National security, national defense, really only the federal government has the wherewithal, you know, to fight wars and to secure the entirety of the United States.”</span>
4 0
3 years ago
Other questions:
  • Federal legislation that allowed prison-made goods to be sold across state lines if the projects complied with strict rules, suc
    11·1 answer
  • How does the declaration of independence start?
    8·1 answer
  • Why does artie call his father a murderer? is he justified? who else has he called a murderer, and why?
    11·1 answer
  • What was the major reason for the flow of the transatlanic slave trade
    5·1 answer
  • Search in Newspapers, articles, internet or news about "What makes the professional called sociologist".
    6·1 answer
  • Highlight the importance of projects for the<br> development of a nation
    10·1 answer
  • How do these powers (initiative, referendum, recall) encourage greater citizen participation in states where they exist?
    10·2 answers
  • Which of the following explains why access to fresh water is such a problem in many areas of the world?
    9·2 answers
  • SUPPORT OR REFUTE: NATO is an effective military alliance in 2020
    6·1 answer
  • Which animals are used to earn livelihood?how?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!