A Historic Move of 2016

A Historic Move and A Slew of Benefits To The Country : Demonetization

Demonetization was a historic decision taken on 8th November 2016. High denomination currency notes of Rs. 500 and Rs. 1000 were ceased to be legal tender. This led to a slew of benefits to the country. It was this decision of the government that led to India’s highest ever detection of black money, increase in tax compliance and cleansing of the financial system.

The following graphics showcase how demonetization led to a series of benefits for the country:

Comments

Post a Comment

Popular Posts

Current Northeast budget around Rs 50,000 cr: Dr Jitendra Singh

Union Minister of State(Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh said here today that the current budget for Northeast for 2017-18 is around Rs. 50,000 crore which is significantly higher than that in earlier years and is also an indication of high priority that the Modi Government accords to the development of that region.
Read More In the Next Page »

Public Wifi Hotspot across India

Image
Telecom Regulatory Authority of India (TRAI) released an Architecture and Specification document for the Nation Wide WI-Fi Network named “Public Wifi Pilot” on dated 7 th July 2017. Through the scheme TRAI lays down the foundation for setting up nationwide public wifi network. TRAI aims to set up large number of public wifi hotspots across the country. This network architecture is built around an Open Architecture based Wifi Access Network Interface (WANI) that facilitates partition of public data office (PDO) provides, access point hardware/software providers, application providers etc. For more visit  www.trai.gov.in
Read More In the Next Page »

Government is committed for inclusive development through e- governance

Addressing at 20th National Conference on e-Governance concluded in Visakhapatnam the Union Minister of State for Electronics and Information Technology and Law & Justice Shri P.P. Chaudhary stated that there is a need for bridging the digital divide between the urban and rural areas & Union government promotes research and development and innovative eco-system of Information Technology and also encourages acquisition of the Intellectual Property Rights by Indians as it is stated in a press release by Press Information Bureau, Government of India.   The Minister further said that Cyber Security is the need of the hour and artificial intelligence will provide solutions to the problem of cyber security. There is also need for development of Nano technology and Nano electronics which helps for imparting value based education based on Mission mode Nano Electronics & India will be in a position to manufacture electronics devices and products in the country very soon. ...
Read More In the Next Page »

How to enroll in Atal Amrit Abhiyan-AAA

Image
Follow to enroll your name in Atal Amrit Abhiyan 1. Carry the following documents with you to the enrollment center :   EPIC (Voter ID) card for each family member   Birth certificate for minor members of the family   Members of APL families must additionally present their Income certificate and Rs. 100/- per beneficiary as premium.   The National Food Security Act (NFSA) card may be produced as an additional document. 2. Visit the enrolment centre; all beneficiaries must be physically present at the enrollment centre. 3. The Verifying Officer scrutinizes all documents and verifies eligibility. APL beneficiaries receive a uniquely numbered challan for depositing the premium into the designated bank account. 4. After verification (and payment of challan when applicable), the Operator takes a photograph of and also capture the finger prints of each beneficiary. 5. The operator issues the unique AAA ID card along with the scheme ha...
Read More In the Next Page »