India Remonetized Flashcards

https://www.hotstar.com/movies/india-remonetized/1770005016

1
Q

Twilight

A

During the Twilight of British Raj, high currency notes were demonetized to tackle black tax evasion and black money

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2
Q

Counterfeiting

A

The Govt explained this as a move to fight currency counterfeiting

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3
Q

Blatantly

A

I have taken payment from you which I don’t want to declare either to avoid taxes or it is blatantly illegal. Its cash which has mediated and illegal activity and is still with the perpetrator

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4
Q

Perpetrator

A

I have taken payment from you which I don’t want to declare either to avoid taxes or it is blatantly illegal. Its cash which has mediated and illegal activity and is still with the perpetrator

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5
Q

Radical

A

Anil Bokil who claims to have suggested this idea believed that it would bring radical changes

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6
Q

Upheaval

A

a violent or sudden change or disruption to something.
“major upheavals in the financial markets”
synonyms: disruption, upset, disturbance, trouble, turbulence; More
antonyms: stability, tranquillity
2.
an upward displacement of part of the earth’s crust.
“the first upheaval produced a hill which was called Roof Mountain”

Opinions were divided on the expected impact of demonetization. India was looking at the major upheaval in the months to come.

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7
Q

Spurt

A

The initial spurt in digital transactions saw a reversal in Geb 2017

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8
Q

Paradigm

A

if you want to make a paradigm shift in the mentality from cash to digital then that needs to be education drawn

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9
Q

Colonial

A

Most workers here do not have a bank account. Women form 50% of the task force with tea plucking their main task. Most of these gardens have been in operation since colonial times.

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