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It is equally important to make a note of the following measures taken prior to the announcement of demonetization. In a way, demonetization was a carefully thought and a comprehensively planned strike.The following will highlight the initiatives in several schemes comprehensively taken by the Union Ministry of Finance in this regard.
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The announcement of demonetization on November the 8th, 2016, was not merely a routine announcement of a government decision. It was the culmination of a prolonged battle between the government authorities on the one hand and the black marketers, the counterfeit currency traders, the terrorists’ financers, the corrupt officials and non-officials and the tax evaders on the other hand. The known and the unknown offenders had been given a long rope to mend their ways since the Independence. It was certainly no
Indian polity in modern India was seen celebrating the dawn of an unprecedented era, commencing efforts anew of rebuilding the Indian nation and a new Indian society in May 2014. A peaceful and a quiet bloodless revolution took place. It was not a mere transfer of power from a defeated party to the victorious one, it dawned as a harbinger signaling the restoration of the forgotten glory of a golden era calling for its resurrection. The victory was the culmination of a long drawn labour of several thousand s
