In the night Donald Trump was elected the next US president, one of his fellow nationalist populist politicians chose to implement at the stroke of midnight "demonetization" intervention which affected 85% of the money in circulation in India. It was an unprecedented move, whether in India or almost anywhere else, and it is by far Modi's boldest policy intervention to date. In a surprise TV address Narendra Modi, the Indian prime minister, announced that all 500- and 1,000-rupee notes would be withdrawn immediately from circulation. At a stroke Mr Modi rendered 85% of currency worthless outside a bank branch. Old notes would have to be exchanged for limited supplies of new currency. It was justified as a move designed to fight corruption and target people who have been dodging taxes by holding stockpiles of cash, known in India as "black money." This Book gives a complete analysis for Indian Demonitisation Scheme. Many initially saw the withdrawal of banknotes as a price worth paying to eliminate graft. The short-term impact of "demonetisation" has been dramatic: the $2 trillion Indian economy will shrink.While Mr Modi campaigned to end corruption, it would have been better if the government had updated its antiquated tax system to realise such a task. This book analyze and give the road ahead for Indian economy post demonitisation. Book further reviews large surplus liquidity post demonetisation led to a significant improvement in monetary policy transmission as reflected in a significant decline in deposit and lending interest rates.
Educational Qualification: FCA - Chartered Accountant from Institute of Chartered accountants of India in Nov. 2008, M.Com - Master in Commerce in 2005, Ph.D - Banking Mergers and Acquisition in Aug 2009, CAIIB - Certified Associate of Indian Institute of Bankers from IIBF "Indian Institute of Banking and Finance. DISA -Diploma in Information system Audit from Institute of Chartered accountants of India in Nov. 2011. Arbitrator - Certification Course of Arbitration from Institute of Chartered accountants of India in May 2013. IFRS - International Financial Reporting Standards from ICAI DBF - D.B.F. (Diploma in Banking & Finance) from Indian Institute of Banking and finance in May 2006. Senior Management level executive professional Banker. Smt Khushboo Jain hails family of the Bankers, which served the bank for more than 40 Years and is vastly experience in Banking Domain and intricacies of the Reserve Bank and Commerce world in India. Smt Khushboo Jain holds the record of being the youngest Chartered Accountant in India to have PhD at age of 24 years. Smt Khushboo Jain is intelligent enough to pass her 12th standard in the age of 14 years. Khushboo is Passionate Banker and Experienced Finance Professional and youngest Chartered Accountant of India who have done CA with Ph.D, Khushboo secured Position in Merit in XII standard, and I have received Gold medal for the same. I have got 4th Position in Merit for Masters in Commerce program in the entire university. Khushboo, holding expertise in preparing large credit proposal, performing due diligence, Credit Monitoring, Adherence to Regulatory Banking Norms for finance. Khushboo have also cleared, CIIB and DBF (Diploma in Banking & Finance). Holding PhD in Banking Merger and Acquisition. Khushboo regular Speaker and Inter Banking Seminars and Conferences and received Accolades and Awards at National Banking forums. Khushboo certified Arbitrator and DISA (Diploma in Information System Audit) from ICAI. Khushboo is experienced Auditor for the complex Organization. Recently CA Piyush Goel, Hon'ble Minister of State with Independent Charge for Power, Coal and New & Renewable Energy in the Government of India, Rajya Sabha MP and CA Raghu President, ICAI felicitated me for my meritorious services in WTO convention in the Credit Finance Industry and Education.