India Remonetized Flashcards
https://www.hotstar.com/movies/india-remonetized/1770005016
Twilight
During the Twilight of British Raj, high currency notes were demonetized to tackle black tax evasion and black money
Counterfeiting
The Govt explained this as a move to fight currency counterfeiting
Blatantly
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
Perpetrator
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
Radical
Anil Bokil who claims to have suggested this idea believed that it would bring radical changes
Upheaval
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.
Spurt
The initial spurt in digital transactions saw a reversal in Geb 2017
Paradigm
if you want to make a paradigm shift in the mentality from cash to digital then that needs to be education drawn
Colonial
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.