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Paper Title: Strengthen the Indian economy through Cashless transactions and Dream to cashless society
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Published Paper Id: IJRTI1901010
Published In: Volume 4 Issue 1, January-2019
Abstract: The Prime Minister of India Sri. Narendra Modi announced Demonetization policy on 8th November, 2016, ceasing Rs.500 and Rs. 1000 currency notes as a part of legal tender in India. Up to now 2 years completed form 2016-2018. In the middle of the years physical changing of Rs.200 notes, Rs.50 notes and 10 notes also implemented. All for this RBI prepared Commercial banks for such an eventuality. The researcher expresses the positive sign in the present and future benefits regarding Demonetization in India. This move viable for a nation like India where a quarter of its population, after the JAM [Jan Dhan, Aadhar and Mobile Technology] passed successfully. Most of the Business persons realize the positive impact on their business they will continue to sell against cards and not for cash. Presently, the Government of India is attributing Demonetization to encourage Digital Transactions, which is very difficult to create cashless society as nearly 70% of Indian population is not inculcating into their daily life. Some of the problems like illiteracy fear of cybercrimes and so on. Key words: Physical changing, future benefits, Illiteracy,  Introduction  Objective of the study  Research Methodology  Objective of Demonetization  Black Money • Single black • Double black • Sources of black money • India position in the world in black money [statistical analysis]  Terror Financing  Corruption  Cash Alternatives • Cards • POSM [Point of Sales Machine] • Electronic Wallets • UPI [Unified Payments interface] • USSD [Unstructured supplementary Service Data] • AEPS [Aadhar Enabled payment system]  Challenges to Achieve  Conclusion  References
Keywords: Key words: Physical changing, future benefits, Illiteracy
Cite Article: " Strengthen the Indian economy through Cashless transactions and Dream to cashless society", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.4, Issue 1, page no.67 - 70, January-2019, Available :http://www.ijrti.org/papers/IJRTI1901010.pdf
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ISSN: 2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publication Details: Published Paper ID: IJRTI1901010
Registration ID:180671
Published In: Volume 4 Issue 1, January-2019
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Page No: 67 - 70
Country: Vijayawada, Krishna, Andhra pradesh, India
Research Area: Management
Publisher : IJ Publication
Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI1901010
Published Paper PDF: https://www.ijrti.org/papers/IJRTI1901010
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ISSN: 2456-3315
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