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Demonetization in India: Impacts and Execution

   

Added on  2020-05-28

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Running head: GEOPOLITICS2016 Indian Bank Notes DemonetisationName of the student:Name of the university:Author note
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1GEOPOLITICSTable of ContentsIntroduction:...............................................................................................................................2Discussion:.................................................................................................................................2Empirical description of the crisis:.........................................................................................2Interest involved directly in the crisis:...................................................................................3Cause of the crisis:..................................................................................................................5Recommendation for resolving dispute:.................................................................................6Conclusion:................................................................................................................................6Reference:..................................................................................................................................7
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2GEOPOLITICSIntroduction:The term geopolitics is a combination of Geography and Politics. The mainobjective of this subject is to define the effects of the geographical events on the politics of acountry and how it creates impression on the international relations. However, geopolitics notonly deals with the international relations but discusses with inter-continental geopoliticalissues also. Different ranges of the political power within a country and relation between thepolitical actors are included within the parameters of geopolitics. In the words of ChristopherGogwilt (2016), the modern geopolitics are discussing with domestic political relations.Every country has their geopolitical issues. This report discusses with the effect ofdemonetisation and attempts to understand the main driving force behind the crisis and alsodescribes the impact of the crisis on the social, economical and political background of thecountry. Discussion:Empirical description of the crisis: In every country, the issue with black money is important in nature. In thedeveloping countries like India, the effect of black money on the economics is huge. To curbthis phenomenon, Indian Government under the leadership of Prime Minister Mr. NarendraModi had implemented certain drastic changes in the financial environment in 2016 by wayof the process of demonetisation (Dhingra, & Menon, 2016). The Indian governmentsuddenly call for a meeting and banned the Rs 500 and Rs 1000 Rs or rupees are the terms ofIndian currency). The government decided to devalue the currency notes of 500 or 1000 afterthe midnight of Eighth November 2016. The main objective of the government behind thisdecision was to cut back the issue relating to fake notes, but such sudden announcement has
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