Demonetisation: It’s Impact on Economy and Environment

The study tries to frame the reason behind demonetisation that was announced by Prime Minister Mr. Narendra Modi 8th November 2016. Increasing terrorism, inflation in prices, the attacks in Jammu & Kashmir were the reasons that indicated the need for some strict and serious decisions like that of demonitisation. All the above activities cannot be done in the absence of funds and the source of funding was from black money. Black money is not only an illegal activity in itself but is also a backbone to all other such illegal and unwanted activities. This paper further tries to look at the impact of demonetisation on environment in various ways.