This demonetisation essay will deal with the background, causes, effects, public opinion, advantages and disadvantages of demonetisation in India. Origins of the idea: Demonetisation has earlier occurred two times in the Indian economy , both times the goal was to combat tax evasion through black money. The first demonetisation occurred in , during the rule of the interim government under Jawaharlal Nehru. It was undertaken to target the tax-evading business corporations which were hiding the huge profits they had made by supplying the Allied powers in World War 2. He remarked that the government would be lucky to get Rs. The second demonetisation took place in under the Janata Party government that had come into power after the defeat of the Congress party in the elections just after the Emergency of
ENGLISH ESSAY CLASS 10
Essay on demonetisation of indian currency
Demonetisation is a government policy that intends to remove a specific currency from circulation. Students would be interested in writing an essay on this fascinating and pertinent topic and may consider how other countries may also profit from replicating this intricate monetary move. If you want to write an essay on demonetisation, you should focus on a specific thesis or points only and have clear goals. However, if your goal is to simply provide an objective report of the current strengths and weaknesses of the policy, you may also adopt a detached tone of writing. It is important to have goals and thesis or scope to define the boundaries of your paper and craft a coherent and relevant essay for a specific audience. The introduction should define demonetisation first and how it has been applied in India.
Demonetization in India
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Below we have provided Demonetisation Essay in English, written in easy and simple words for class 5, 6, 7, 8, 9 and 10 school students. Demonetisation Essay: Demonetisation is one of the most talked topics of the past few years. The meaning of demonetisation is to replace the existing currency with a new one and to ban the older currency in any type of financial circulation. This is what the Indian government did on November 8, , when demonetisation of the currency of and was announced. This order of government had affected all Indian citizen more or less.