PROBLEMS AND PROSPECTS OF CASHLESS ECONOMY POLICY IN INDIA
Journal Title: IMPACT : International Journal of Research in Humanities, Arts and Literature ( IMPACT : IJRHAL ) - Year 2019, Vol 7, Issue 3
Abstract
Worldwide, there is diligence among policymakers to investigate the plausibility of moving towards a cashless economy and seeing digitization as an ideal approach for this. A ashless economy is when, the flow of cash within an economy is non-existent in its physical form and all transactions have to be through electronic channels such as direct debit, credit and debit cards. It is nothing but the latest stage in the evolution of money from commodity to fiat money. India’s ratio of cash to gross domestic product is, one among the highest in the world, against this background On November 8, 2016, Prime Minister Narendra Modi made a memorable declaration of demonetization as a result 86 per cent cash was all of sudden haltered. It shows the urgent scamper of policymakers seeing India as a cashless economy. In this scenery, the present study carried out to approach how the monetarist theories addressed the cashless, frictionless economy and what are the socioeconomic digital realities of India which is stand up for welcoming cashless economy along with the steps adopted by government and how far it is gaining ground in our country.
Authors and Affiliations
P V. Balkis
Keywords
Related Articles
- EP ID EP532357
- DOI -
- Views 56
- Downloads 0
CAREER – A FOOD FOR THOUGHT AND PERPLEXION AMONG STUDENTS
Career decision, a turning phase in students’ life is often discussed by them. It is one of the life driven and influential decision of one’s life. Ambiguity, double mind, alternative options etc. are the common traits w...
THE DUTIES OF THE WORKERS: BANGLADESHI AND ISLAMIC PERSPECTIVE
Where there is right, there is duty. Rights and duties go hand in hand. As a complete code of life Islam describes not only the rights of the workers, but also emphasize upon the duties of the worker. Protection of worke...
DEPRESSION IN ADOLOCENTS: NEED FOR SOCIAL AND EMOTIONAL SKILLS IN MANAGING DEPRESSION
Depression is a major factor in adolescent suicide, substance abuse, and a common cause of school failure and school dropout. Children and adolescents with major depressive disorders are at risk for suicidal behaviour, s...
Analysis of Major Air Pollutant of an Industrial Area in Coimbatore City using Fuzzy Topsis
The quality of air was determined based on National Ambient Air Quality Standards (NQAAS). According to the Comprehensive Environmental Pollution Index, Kurichi Industrial cluster in Coimbatore district has been identifi...
SELF-ASSESSMENT OF THE QUALITY OF SERVICES OFFERED BY THE SALES PERSONNEL IN ORGANIZED RETAIL MARKETS IN KERALA
The subject of the study is to enable the sales personnel to undertake a self-assessment of the quality of services offered by them in the organized retail markets in Kerala. During the pilot study, it was found that alm...