Paper Title
IMPACT OF DEMONETIZATION ON SMALL TRADERS
Article Identifiers
Authors
T Ashok Kumar , S Vishali , P.Balayogi , Joshva.S.Lawrence , K.S.Nethan
Keywords
Demonetization, black money, corruption, online payment, e-banking, internet, Small traders
Abstract
Demonetization is the act of stripping a currency unit of its status as legal tender. It occurs whenever there is a change of national currency: The current form or forms of money is pulled from circulation and retired, often to be replaced with new notes or coins. Sometimes, a country completely replaces the old currency with new currency.Demonetization can be applied to coins, bank notes and all other forms of currency. Usually, demonetization is part of a wider process, which involves the old currency being replaced by a new one. Demonetization drive has impacted the Indian businesses directly or indirectly in terms of impact on demand but the impact of demonetization is majorly seen on small businesses as these are highly driven by cash transactions.Small unit construction traders includes all activities directly related to the sale of goods or services to the ultimate consumers. Small traders and vendors have been affected the most as they are facing a huge slump in sale. Many of these small traders are not equipped enough to make provisions of digital payments for their customers, and for this reason are having to go through a lot of hardships.
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How To Cite (APA)
T Ashok Kumar, S Vishali, P.Balayogi, Joshva.S.Lawrence, & K.S.Nethan (May-2022). IMPACT OF DEMONETIZATION ON SMALL TRADERS. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 7(5), 590-595. https://ijnrd.org/papers/IJNRDA001084.pdf
Issue
Volume 7 Issue 5, May-2022
Pages : 590-595
Other Publication Details
Paper Reg. ID: IJNRD_180956
Published Paper Id: IJNRDA001084
Downloads: 000121986
Research Area: Civil EngineeringÂ
Country: CHENNAI, TIRUVALLUR, TAMIL NADU, India
Published Paper PDF: https://ijnrd.org/papers/IJNRDA001084.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRDA001084
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