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Demonetisation In India
The document discusses the demonetisation act in various countries, specifically focusing on India's implementation on November 8, 2016, where Rs 500 and Rs 1000 notes were declared illegal tender. It outlines the positive effects such as combating terrorism and promoting digital transactions, alongside negative consequences like stock market decline and economic hardship for lower-income groups. Overall, the act aimed to inject more cash into the economy while encouraging a shift towards a digital economy.
