REVIEW OF LITERATURES
1. Dr. V. G. Sumathy and T.Savitha (2016) – In this paper they talk about the farmer’s conditions. The farmers resisted with the process of demonetisation because cash is the only medium for the payment of any event as well as for saving habits. Liquid cash is essential for day to day transactions. They are like street vendors therefore cashless transaction is not possible. Cash is the primary mode of transaction in agricultural sector. Farmers are illiterate in nature and have limited acres of land will not have bank accounts therefore demonetisation creates huge impact on the farmers. Those industries which are dependent on agricultural sector are also affected at the time of demonetisation. This situation attracts the farmers towards the illegal money lenders and black marketers to borrow the money for their transaction needs. At last, they focuses that agricultural sector is one of the major sector which is affected from the demonetisation process.
2. Sunil (Jan, 2017) – This paper is descriptive in nature used secondary data. In this paper writer says that demonetisation has its impact on various sectors. This paper consists the very short duration which is not good in long run. Demonetisation is very effective move which is taken by the Government, it emerge the Indian economy as one of the strongest economy
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Rajiv Chopra (April-June 2017)- In this paper researcher analyses the short term costs and medium term benefits of demonetization and its Impact on the growth of various sectors of an economy where significant cash transactions are involved. It is evident from observed data that the impact of demonetization on Gross Value Added growth was modest. Although the Gross Value Added contracted marginally, it is projected to be positive in coming years. In the beginning it negatively impacted the segments of manufacturing and service sector showing the downward movement in various markets such as automobiles, consumer, real estate
I watched the movie called Bitter Seeds in my environmental class. The movie talked about the problems in India about farming. The movie also talked about the suicide rate, how high it is compared to our country. It said that every 30 minutes, a farmer commits suicide. In India, the economy is not that great so they went with the seeds that were more expensive. The culture is completely different from ours, they celebrate Pola, which is the bull festival, they do rituals when something bad is happening. Most of the seeds were rotting and they were not getting enough water, which resulted in the seeds not germinating, eventually the plants died out and the farmers killed themselves. The people who were selling the seeds wanted more money than what it really should have cost. Banks rarely loan people any money, they had to go to a Loan shark. Loan sharks were basically thugs because they would charge the people 7% to 10% interest per month to grow seven acres. I think Indian farmers should be able to get loans from the bank at a higher percentage rate so they won't have to go to loan sharks and get ripped off.
Nearly every aspect of law enforcement has a court decision that governs criteria. Most court rulings are the result of civil lawsuit towards a police officer and agency. However, currently, there is no law that mandates law enforcement driver training. When it comes to firearms, negligence by officers has resulted in a multitude of court rulings. Popow v. City of Margate, 1979, is a particularly interesting case that outlines failed firearms training by an agency. In this case, an officer chasing a suspect during a foot pursuit fired at the suspect, striking and killing an innocent bystander (Justia.com, 2017). The court ruled that the agency was “grossly negligent” of “failure to train” (Justia.com, 2017). As a result, nearly every agency requires annual firearms training and has written policy concerning the same. Officers must show proficiency in firearms use every year to maintain their certification. Many states even impose fines on officers for
... British had colonized India for approximately 200 years, there were lasting effects on the country in terms of many sectors, specifically the economical and industrial sectors. Due to India’s non-participation and manipulation of agriculture by the British, some would argue that the British obliterated the economy. Others would argue that the British instead helped due to the creation of the railroad, improved communication and created the beginnings of an industry. The British harmed the economy and industrial sector more than they helped it, and effectively caused the destruction of the economy both in the short term and the long term. The growth rate directly after the independence was less than 1% for almost 5 years (BIC 4). It was necessary for India to rebuild the economy if they ever wanted to be on the same playing field as the other countries at the time.
Our nation was founded on agriculture, and for hundreds of years we were able to migrate across the nation bringing our farming tools and techniques with us. Technology has driven populations away from rural areas towards industrialized cities. With money now being pumped into cities, rural farmers are suffering the most. Farmers are taking out large loans in order to sustain their farms, leading to debt and in some cases suicide. Patel spoke about a farmer in India whose husband took his life because he was unable to live with the amount of debt from his struggling farm. This man left his wife and chi...
This is necessary as the vast majority of individuals migrating from rural to urban centers has been steadily increasing with the level of economic growth seen within the past twenty years as mentioned earlier. Unfortunately, this situation has further shown the structural issues and inequalities of cities, as most migrants end up having a poor quality of life living in informal settlements as highlight substantially by Boo. As a means of tackling this, however, the Indian government has turned its focus on investing rural regions, developing the agricultural sector. Specifically, Boo mentions that “the prime minister, Manmohan Singh, had come down from Delhi to express his concern for the farmers’ hardships, and the central government’s determination to relieve it” (p. 138). While this is definitely important funds are not being divided justly. For starters, between rural and urban areas almost all investments are being targeting towards rural regions, which is only addressing issues of inequality in one section of the country. Furthermore, across rural areas inequalities of investment are quite often overlooked. Although, “one of the governments hopes was to stop villagers from abandoning their farms and further inundating cities like Mumbai, but Asha’s relatives knew nothing of these celebrated relief programs” (p. 138). Therefore, even though
[6] Kripalani, Majeet & Egnardio, Pete. The Rise Of India. Business Week Online. December 8, 2003. http://www.businessweek.com/magazine/content/03_49/b3861001_mz001.htm
Subramanian, Arvind. India’s Economy is stumbling? The New York Times. August 31, 2013: A19. Print.
The rule of law, simply put, is a principle that no one is above the law. This means that there should be no leniency for a person because of peerage, sex, religion or financial standing. England and Wales do not have a written constitution therefore the Rule of Law, which along with the parliamentary Sovereignty was regarded by legal analyst A.C Dicey, as the pillars of the UK Constitution. The Rule of Law was said to be adopted as the “unwritten constitution of Great Britain”.
In the following report we have first tried to clear the concept of the multiplier then carried on with explaining various theoretical aspect of tax multiplier, government spending multiplier and planned investment multiplier. Then we have tried to compare the change in expenditure and change in GDP in Indian economy by providing data which was extracted through a secondary source.
Since demonetization took off, digital wallet companies have had lot of opportunities to penetrate into market and make India grow at digital life. The digital wallet company also expanded its merchant network by more than 1, 50,000. The company also added over 5 Million new users since demonetization started on November 8, 2016. This is the time, for Digital Wallet Companies to grow further and be the next way of growth because people are moving towards digital life by accessing internet facility to their life. Internet is dynamic in nature because it helps modernize the environment. The users of internet are increasing in India, so the digital wallet companies take an opportunity of demonetization and increase in internet users to grow
Moreover all the star the industries have a growth rate above 12%. And to maintain the growth rate the industries has spend large amount of money in their respective sectors. For example Tata Motors has invested in various projects such as Tata Nano project, and amny more etc. Also Tata tea did invested lot of money in therefore preserving its image by investing over jaago re campaign.
As agriculture has become more intensive, farmers have become capable of producing higher yields using less labour and less land. Growth of the agriculture has not, however, been an unmixed blessing. It, like every other thing, has its pros and cons. Topsoil depletion, groundwater contamination, the decline of family farms, continued neglect of the living and working conditions for farm labourers, increasing costs of production, and the disintegration of economic and social conditions in rural communities. These are the cons of the new improved agriculture.
It is clear that talks about Brexit will not end quickly, and most important question is, what will happen in future. Well it could be claimed that is three different endings how this situation could end. Firstly one of the scenario is that Brexit happened and the U.K. completely leaves EU. In that case firstly British currency, the pound sterling, will fall down even more, than in the start after referendum. Also it will have consequences not only in Britain but also in the hole world, for example , some other countries, will see how Britain left European Union, and they will also will spoke to leave EU. So British leaving EU will have wide ranging repercussions on the other countries who look into EU skeptically also it will help Euro-skeptic
A cashless society will further improve the globalisation that characterise our present time. The computerised systems can be used to decrease the quantity of paper trail therefore substituting paper cash with cashless credits or electronic money transfers. However, in a cashless economy, this will change with certain crimes almost eradicated. It will also be faster to generate electronic payments than cash as Near Field Communications (NFC) chips make their way into more payments cards and mobile handsets as well providing protection not applicable to purchases made using cash. This technology is simple with low power wireless link evolved from radio-frequency identification (RFID) tech that can transfer small amounts of data between two devices identifying us and our bank account to a computer. Another benefit of drawing nearer to a cashless society is that other companies are providing pioneering cash-free solutions to the payment related problems we come across. For example, WisePay, a provider of e-payments services, is deploying technologies that ensure parents no longer have to worry about sending their children to school with cash to pay for meals, excursions and other fees that will eliminate the likelihood of being caught short for cash or children misplacing money. The Government also has valuable explanations why they may deem to turn away from cash. Due the main factor of printing and distributing cash, not to mention ensuring the economy is free from forgeries which are all costly endeavours estimating that the cost to society of using cash is between 0.5 and 1.5% of GDP annually. In addition, there are many technological innovations that propose there is a real enthusiasm for an alternative to cash with the upsurge...
The automobile industry, and the auto components industry, is one of the core industries in India. A well developed transportation system its plays the important role in the development of an economy . Automobile is one of the largest industry in the global market. Automobile Sector occupies a special place in the fabric of Indian Economy. Automobile sector is leader in product domestic automobile industry is believed and manufacturing sector. It has been recognized as economic growth and the to be the barometer of the economy. Economies the automobile industry’s performance is the reflection the economy’s health. This sector has increased in the Indian economy. The auto sector accounts for 4 per cent of the total FDI Inflows (in terms