Business owners in India have faced a problem with the detection of fake currencies. Another problem is that the holders of fake currencies could be genuine people who innocently hold such money. 2014-15 saw India record a rise in the use of fake currencies. Counterfeit money in India is mainly … [Read more...]

Overview The Indian government has long struggled with the issue of the fake currency and black money. In 1946 and in 1978, the respective Indian governments turned to demonetization as the long-term solution to the problem. The same historical event would take place in India in 2016. The … [Read more...]

Meaning of Demonetisation The act to cease a currency unit or put an official stop on its status as a legal tender is known as demonetisation (alternate spelling: demonetization). Demonetisation is the process that involves a change of national currency, where old currency is replaced with new … [Read more...]

Indian economy bags the seventh position among the other strongest and largest economies among the world. Being one of the top listed countries among the developing countries in terms of industrialization and economic growth, India holds a robust stand with an average growth rate of approx … [Read more...]

Though the Private Sector businesses are actuated by motives of private gain, it would be unkind to minimize the value of their contribution to the growth of our industrial life. Private sector businesses play an important role in manufacturing industries and the export and import trade of the … [Read more...]

The importance of coal as a fuel or power resource cannot be overestimated. The economic development of any country largely depends upon its industrial progress. And, the industrial development of a country largely depends upon its possessing a sufficiently large stock of this most valuable … [Read more...]

India’s progress in modernization of Industries has been quite impressive. India is a fast growing major economy. It size is vast. There is a rising graph of growing requirements for all kinds of products. The cement industry is said to be more or less self-sufficient as far as India’s … [Read more...]

It is said that "agriculture is the backbone of Indian economy." To an agriculturist, water is more valuable than gold. Most Indian crops require abundant, at least sufficient, supply of water. Where there are no irrigation works, the agriculturist gets his water supply entirety from the … [Read more...]

Benefits / Advantages of Moderate Inflation In spite of its many drawbacks, inflation, it must be admitted, inflation is not totally undesirable. A moderate rate of inflation (for example 2 %) has some advantages over deflation and stagnant inflation rates. Incentive for production: When there … [Read more...]

How can government control inflation? Though inflation may help the growth and development of a country’s economy, many evils associated with it cannot be minimized and any Government acknowledging responsibility to its people has the inescapable duty of keeping it under control, at least of … [Read more...]