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objectives of demonization - Coggle Diagram
objectives of demonization
jan dhan yojana
Jan suraksha yojana
Mudra yojana, stand up india, ujjwala, e-nam
cash
drug trafficking, smuggling, human trafficing, international transactions
cashless economy
tackle fake currency
indian statistical institute -400 cr
widening of tax base, 2015-16 4.4 %, 84% canada, 46.2% usa, position worst among brics digitaixing transactions
informal sector, real estate
now environment condicuve- Pan. digital platforms, creedit /debit cards
pains of demo- drivers, maids, cooks, electricians, informal economy, rural area lacked basic infrastructure to handle demo
Lack of planning on RBI and governemnt, circulation of many circulars
efforts to make it fail
Bank employees- fake accounts,
cooperative bank - weak kyc procedure
chartereed accountants- fake shell companies
jan dhan accounts
gold and jewellery buillion- back dated transactions
why sucess-
bank computerisation, mobile applocation, upi , bank coverage,mobile and broadband services,
now better coordination between Income tax department, cbi,ed,sfio,dri,fiu,eow 9state police)
way foreard- master data management software to track investment in benami, real estate, jewelleryetc.electronic cash register for all busibnesses, GIS for mapping properties by municipal authorities, reducing surcharge on digital transactions, reduction in gst rates