Course Hero Logo

Demonetization India's BLEXIT, Stakeholders Empowerment Services (SES).pdf

Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. This preview shows page 1 - 3 out of 12 pages.

Demonetization-India’s BLEXITCorporate Governance ResearchProxy Advisory ServicesCorporate Governance ScoresStakeholders’ EducationPrivate and confidentialFor limited circulation onlyStakeholders Empowerment Services 20122013 | All Rights Reserved
Demonetization-India’s BLEXIT: Black Cash EXIT2016© 2012 - 2013 STAKEHOLDERS EMPOWERMENT SERVICES | All Rights ReservedPage2EXECUTIVESUMMARYThe decision of demonetization appears to be sudden but in SESopinion is well crafted to end the cash black moneyhoarded by certain elements of the society.Read More.The objective of Demonetization to end black money, terror funding and counterfeit currency can only be achievedthrough effective implementation and stopping leakage from the system.Read More.Implementational issues being faced and criticized could have been avoided to a large extent by involving moreofficials in the scheme at the planning stage. However, as the number of those who knew before implementationgrew the secrecy would have been at stake, making failure a certainty. Thus, criticism was chosen above failure.Read More.Opposition parties are opposing the move by giving various logics mainly on the impact of the scheme to commonman and hardships faced by him, however it appears the government is taking criticism into account and helping thesections of society which have been hit the hardest by relaxing the norms like relaxation for farmers.Read More.SES is of the view that biggest gain is a feeling of justice amongst common people as illegitimate purchasing poweracquired through illegal means is likely to be immobilized.Read More.Common man has been impacted by the decision at varying levels but the pain can be reduced through properimplementation but the overall sentiment appears positive and people are supporting government.Read More.Although, the move is positive, however it will hit the Economy and GDP in the short-term as the demand of goodswill decrease both due to non-availability of both legitimate (for short duration) and illegitimate cash with thepeople. Initial period will experience marginal deflation. However, as the withdrawal norms relax the economy willeventually grow.Read More.The fake currency which found its way into Indian system through borders of neighboring countries has been hithardest and is good for safety and security of citizens and Country.Read More.A sudden impact will be assetliability mismatch of RBI’s issue department balance sheet. Thus, RBI will have toprint new currency notes and it is hoped that the government does not use this as an opportunity to capitalize thebanks which are already bleeding or to reduce fiscal deficit. Rather use the money in infrastructure and socialprojects to boost economy.Read More.

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 12 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Fall
Professor
azgar
Tags
Government, SES, stakeholders empowerment services, Black Cash EXIT

Newly uploaded documents

Show More

Newly uploaded documents

Show More

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture