Question

Differentiate between india today and the economic times how did they projected demonetisation

Answer 1

we need to identify the objectives of the government's decision to recall Rs 500 and 1,000 notes. The immediate objective of demonetisation was to flush out a large amount of black money hoarded in cash, and the long-term objective was to convert our cash-based economy into a digital one. This conversion will turn India into an efficient economy with higher tax revenues.