Global Vision Publishing House


Demonetisation in India: Reasons, Effects and Government Initiatives


Author : Dr. Neelkanth Gajanan Pendse & Dr. Sukanta Sarkar
ISBN : 978-81-8220-974-9
Edition : 1st
Year : 2018
Pages : 150
Size : 14×21
Publisher : Global Vision Publishing House



Demonetization is the retraction of specific currency denominations in circulation and the subsequent replacement with new notes and coins. Initially, demonetization took the form of replacing an existing currency with a new one, and was enacted to mitigate cases of hyperinflation or to reduce large-denomination cash in circulation. It is a powerful policy tool for reducing the size of the underground economy. The historic demonetization move by the government is seen as a war on parallel economy, corruption, money laundering and to stop financing aid enjoyed by the terrorists. The present book highlights, considers and discusses various reasons, effects and issues of demonetization in India. It is hoped that the present edition of this book will be beneficial to all concerned of the society, in general and students, lawyers, advocates, academicians, human rights institutions, researchers and NGOs working in commerce/economics field, in particular.


Prof. Neelkanth Gajanan Pendse (MA, PhD) is former Head of the Department of Post Graduate Studies and Research in Economics, and Presently Chairman Board of Studies in Economics, Rani Durgavati University, Jabalpur M.P. He specializes in Econometrics and Development Economics. He has published more than 100 research papers in professionally reputed Journals. He has six books to his credit and 4 books are in pipeline. He is also member of Editorial Board of Departmental Journal “Katilya Varta”. He is expert member to several academic bodies and life member of IEA, ISAE, ISLE, ICA, MPEA and IIOA. He is the first economist in the state of Madhya Pradesh to win young scientist Award in Social Sciences awarded by MAPCOST, Bhopal.

Dr. Sukanta Sarkar (MA, PhD) was worked as economics faculty in various universities in India for last 12 years. He did Bachelor and Master degree in Economics from Tripura University. He was awarded doctorate degree for his research work on socio-economic changes of rubber tappers in Tripura He qualified UGC-NET Exam in December/2006. Currently he is working as Associate Professor, Department of Economics, Gambella University, Ethiopia, Africa. He presented many research papers in various seminars, conferences and symposiums. Various research papers have been published in foreign and national journals. He also previously worked as visiting lecturer in National Institute of Technology, Agartala and Tripura University. He has research interest in various topics like agricultural crisis, Urban development, women empowerment, sustainable development and social problems. He has authored books relating to Corruption, Human trafficking, Orphan children, Rubber plantation, Corporate social responsibility, Handicraft workers, Deforestation, Environmental pollution, Agrarian economics, Illegal trafficking, Environmental Science, Indian education, Rural development, Autonomous District Council & Tribal Welfare, Human rights, Minority rights, Women rights, Children rights, Social security etc.


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