Table of Contents
Who is the great economist in India?
Amartya Sen, (born November 3, 1933, Santiniketan, India), Indian economist who was awarded the 1998 Nobel Prize in Economic Sciences for his contributions to welfare economics and social choice theory and for his interest in the problems of society’s poorest members.
WHO launched demonetisation?
In a televised address, Prime Minister Narendra Modi had announced the demonetisation initiative at 8 pm on November 8, 2016 to fulfil four objectives of checking terror-funding by Pakistan, printing of counterfeit currency, black money and corruption.
Who first introduced demonetisation in India?
On 16 January 1978, the then President of India Neelam Sanjiva Reddy introduced the High Denomination Bank Notes (Demonetisation), Ordinance 1978. The then Prime Minister India, Morarji Desai of Janata Party, Finance Minister Hirubhai M. Patel, and Reserve Bank of India Governor I. G.
Who are Indian economists?
Use this list of renowned Indian economists to discover some new doctors of economics and economical ideas you weren’t familiar with before.
- Abhijit Banerjee. Photo: Metaweb (FB) / CC-BY-SA.
- Amartya Sen.
- Amit Mitra.
- Amiya Kumar Bagchi.
- Ardeshir Darabshaw Shroff.
- Arvind Panagariya.
- Avinash Dixit.
- Bibek Debroy.
Who Demonetised Indian currency in 1946?
Sir Archibald Wavell
Kuwait: Exactly 70 years before the Indian demonetization act of 2016, on January 12, 1946, the Viceroy and Governor General of India, Sir Archibald Wavell, promulgated the High Denomination Bank Notes (Demonetisation) Ordinance, 1946.
Is there 10000 rupees note in India?
It was first introduced by the Reserve Bank of India in 1938 under British rule and subsequently demonetized in 1946. Post-independence, the denomination was re-introduced in 1954. In January 1978, all high-denomination banknotes of ₹1000, ₹5,000, and ₹10,000 were demonetized in order to curb unaccounted cash money.
Was GST a success?
The short answer is yes. A look at GST collection estimates in the Union Budget proves this. The Union Budget for 2018-19 (the first full year under GST) estimated receipts to the tune of ₹7.43 lakh crore. Actual collections were just 78\% of this amount.
Who announced Demonetisation in 1946?
Kuwait: Exactly 70 years before the Indian demonetization act of 2016, on January 12, 1946, the Viceroy and Governor General of India, Sir Archibald Wavell, promulgated the High Denomination Bank Notes (Demonetisation) Ordinance, 1946.
Will demonetisation make India a cashless economy?
On “Cashless economy”: While Modi has continuously advertised e-transactions and said that demonetisation will pave a way towards India becoming digitally modern, Shourie said that those most affected were farmers, whose usual transactions are small. “You think in the agricultural sector, daily wages would be paid through debit cards?
What is Manmohan Singh’s opinion on demonetisation?
Former prime minister Manmohan Singh during the demonetisation debate. (Source: ANI) Overall opinion: Speaking at the Rajya Sabha, Dr. Singh has called demonetisation an “organised loot” , a “legalised plunder” and a “monumental mismanagement”.
Is Modi taking on the corrupt a classic Modi move?
The government sold the idea that this was a classic Modi move: decisive, expansive, unexpected and built on his election-time image of taking on the corrupt. The Opposition accused Modi of being draconian, unprepared and with the aim of enriching the BJP at the cost of other parties.
Was demonetisation an informed step by the government?
The nation stands divided in its opinion on whether the drastic measure taken by the government was an informed step. In the wake of demonetisation, there have been multiple debates on whether the “radical” and “bold” step taken by the Central government was a judicious, well-thought out and well-implemented step.