On the one-year anniversary of prime minister Narendra Modi’s demonetization announcement, experts and politicians on all sides have been debating whether this risky move was a success or a failure. The decision to demonetize Rs 500 and Rs 1000 currency notes was part of the government’s overarching agenda to crack down on black money, to fight counterfeiting, to move towards a cashless economy and to include digitization and to boost the number of tax payers. There has been mixed reactions to the consequences after a year. On one hand Senior BJP leader Yashwant Sinha reprimanded demonetization and said "Notebandi has failed as its objective was not fulfilled. There is no black money return," adding that 99 per cent of the currency had returned. On the other hand, analysts
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Although financial literacy is one of the topics least discussed, the need to know more about now is more important than ever. Being one of the largest developing nations in the world, India’s need to know about financial literacy should be one of its main concerns. This is especially critical where the majority of the population have no clue what financial literacy even means. According to the world web, financial literacy is defined as the capability to use proficiency and information to take effectual and informed money-management assessments. Encouragement of monetary inclusion For an emergent country like India, this is especially significant as it increases the encouragement of monetary inclusion, therefore, resulting in economic stability. In the entirety of South-East Asia, less than twenty-five percent of the population is
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Slasher is a term which is commonly used to depict horror movies. So what’s the word doing in an article about job security? The author, Marci Alboher coined this word in the year 2007, which, in the financial sense, meant one person with multiple jobs. It basically gives the meaning of someone who has slashes “/ ” in their job description. Now that the theory part has been explained, let us get to the point of the article. A large majority of the population are slashers. Now the reasons may be different; some of them might enjoy the fast-paced lifestyle or on the other hand, they may want to work in one job, but the pay isn’t enough, so hence they're slashers. So why do people work multiple
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A creative economy is such an economic system which is based on people using their creativity and ingenuity to increase the value of an idea. This concept was developed in the year 2001 where worth is based on new qualities than the conventional land, employment, and resources. So how does creativity benefit the economy? Imagination and creativity Imagination and creativity help inspire new ideas which, in turn, form the basis for the progress of the economy. But is it whimsical to value creativity in this day and age? In the twenty-first century? The global economy is uncertain, it has its ups and downs and it is this sort of progress, which is innovative in nature, that creates jobs and benefits the society globally. This emphasizes on the fact that
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