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8th November 2017 Editorial-1: Discordant Notes: Demonetisation: Success or Failure? (in Hindi)
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Demonetisation: An analysis after one Year of its success or failure

Jatin Verma is teaching live on Unacademy Plus

Jatin Verma
Have appeared in UPSC CSE thrice. Have been taking Unacademy Plus courses Academics- Polity, Economics & Current Affairs.

U
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Sir plz explain in hindi too.... Now a days y r u not giving the lecture in hindi ??? Sir we r waiting ????????
just see that it's is uploaded on jatin sir profile
nicely explained sirjee.... but i just wanna ask whether the cash black money actually reduced upto a handsome amount or not because i have seen people changing black currency notes with the help of bank managers or unfair means.....
99% money going back to banks means what ? means all the black money has transformed into white thanks to bank managers.
Ankit U
2 years ago
No doubt about this... these kind of activities not happened, even there was rate in the market to exchange like 10% per 1 lacks and it reached to 30% also. I have seen people are involve into this but in the last i would say ...Demonetization intention was good but We are not good at ours. We made to fail this, if we have participated well then i think picture becomes beautiful now.
Shubham Shahi
2 years ago
there is no clear cut know abouts of the amount of black money in India .government has no official estimate of the size of black money
Ankit U
2 years ago
I think it has many dimensions not just on Paper Currency and it seems an attack only on Paper Currency but government and other stakeholders have different views as per their analysis and interests. Calculation & even estimation is not possible because of efficiency, lacuna & past But flow of Black Market has been narrowed whose effect is shown in the economy in the form of Slowdown. this is not due to only unavailability of cash but also due to non taxed income become worth less. And most of the Agro-products Restaurant Market SMEs MSMEs are involve in Tax Evasion business. When i was working in Rice Industry which is complete Broker bases and every they create new company and closed before reaching to tax bracket. Delhi is the bigegst Rice market of Asia so one can imagine the threshold of Tax Evasion.
Sanyam Kapila
2 years ago
Watch Vocabulary Analysis from The Hindu https://unacademy.com/lesson/overview-of-the-course/VRT49RA7
thanks sir....but why should we always relies on international reports for measure corruption...we must indentified our ground realities...ek bar thane,secretariat and other public offices par jane pe sab pata lag jata hai....what is actual reality on ground situation...
our check on ground reality will lack credibility +opposition may allege to be influenced by govt+international org will be neutral hence much more accuracy will be expected by their report
Sanyam Kapila
2 years ago
Watch Vocabulary Analysis from The Hindu https://unacademy.com/lesson/overview-of-the-course/VRT49RA7
editorials !! Thanks a lot !!
Sanyam Kapila
2 years ago
Watch Vocabulary Analysis from The Hindu https://unacademy.com/lesson/overview-of-the-course/VRT49RA7
Sir, I'm totally new to this platform. I'm an aspiring Civil Servant. My educational background is that of Commerce and Accountancy and I wish to take Commerce as my Optional in UPSC Mains. I haven't seen much videos yet here in Unacademy relating to that paper. Therefore it's my humble request to share videos relating to the Commerce Optional paper. Thankyou.
give more insight on other editorials mentioned in hindu...one was "banking on legislation" .you doing great job ,giving us a platform to prepare strategically ..
Sanyam Kapila
2 years ago
Watch Vocabulary Analysis from The Hindu https://unacademy.com/lesson/overview-of-the-course/VRT49RA7
  1. Daily The Hindu Editorial Explanation &Analysis For 8th November, 2017 By Jatin Verma


  2. Discordant notes: A vear after demonetisation. The Government is celebrating November 8, the anniversary of demonetisation, as Anti-Black Money Day. Cabinet Ministers will disperse to State capitals where they will elaborate on demonetisation's numerous putative successes. In the days after more than 80% of the cash in circulation was removed via demonetisation a year ago, chiefly in the quest to stifle the black economy, the discourse turned so extreme and divisive, the goals were sought to be shifted so fast, that getting a fix on demonetisation became touglh. . So the anniversary is a good occasion to revisit the question: has the note-ban proved to be an effective policy tool to attack the black economy and control corruption? The flow of information recently from the Reserve Bank of India (RBI) makes some analysis possible. A few good clues Both former RBI Governor Raghuram Rajan and Deputy Governor R. Gandhi have, following their departures from the central bank, made a few things clear.


  3. e One. the central bank's recommendation to the government was that demonetisation would prove to be a weak weapon in the war on black money, and that superior policy alternatives were available for achieving the objective Second, the government pressed ahead with demonetisation, overruling this expert advice. e It appears the government was in fact out of its depth on the subject. The results from its counting of the returned notes show that the RBI did have a point. With 99% ofthe demonetised 500 and 1,000 notes back in the banking system, little of the stock of the black money in the country was evidently extinguished. Which means it was successfully converted into other forms, thereby delaying, if not altogether escaping, detection.


  4. Another challenge is that of measurement Although the chief goal of demonetisation was to place a check on black money, the government has no official estimate of the size of the black economy. Unofficial estimates range from a third of the white economy to as much as the country's GDP. Without an official estimate, it is impossible to meaningfully evaluate by how much demonetisation successfully down-sized the black economy, if at all e Some contradictions The agenda itself is fraught with contradictions. For weeks now, the rules requiring purchase of gold and diamonds (for lakh or less) to be linked to PAN (Permanent Account Number) are in suspension. Conversion of black money into gold and diamonds has gone on unencumbered. The window opened when the rules were taken down for a technical reason-they had to be reworded. No one knows how long this window will remain open.


  5. A vear after demonetisation was announced, the questions seem to outnumber the answers: Electorally, voters may judge the policy in terms of intent rather than outcomes. -Economists may quibble over the undue costs owing to the debilitating impact on the momentum of economic growth, even as damage to the vulnerable informal sectors remains unmeasured The government's spokespersons may extol the shrinking cash economy and growing digitisation. But an assessment of demonetisation on Anti-Black Money Day can be complete only if its deliverables on the state of corruption and the corrupt are established. Missing from the jumble of successes, data and analyses to be exhibited today will be conclusive proof of reduced corruption with evidence-backed answers to questions like Are fewer bribes being paid and demanded than a year ago? Is corruption down? Are Indians evading less tax post-demon etisation? It would seem India is all set to celebrate what has probably not- can possibly not actually be measured.


  6. secure https://unacademy.com/user/jatinverma 71 JATIN VERMAl Searching for JATIN VERMA" EDUCATORS Jatin Verma Mahesh Verma COURSES The Hindu-Daily News Analysis July 2017 (Hind) The Hindu-Daily News Analysis July 2017 yJatin Verma Hind) The Hindu -Daily Editorial Analysis for June 2017 The Hindu-Daily News Analysis for June 2017 The Hindu -Daily Editorial Analysis for July 2017


  7. UPSC Secure unacademy Explore a bearch Courses, Topics & Educators Jatin O credi Jatin Verma Worked at Citi Bank. Books, movies, travelling, share trading Have appeared in UPSC CSE twice. Preparing again Activity20 ouros114.4k Followers4 Fwing Impact Jatin Verma replied on a comment 38m 2,619,012 sir, I am not able to find your editorial analysis lessons for August. do you gonna post along with the lessons of July month like you did for.. read more Subrakshi Setg Jatin Verma 38m Editorials for 1 August could be found under July Editorials course in 1 hour from now. Thanks Jatin Verma Reply