Guest Lecture on Demonetization and its effect on the Indian Economy

A guest lecture was organized at the School of Management on demonetization and its impact on Indian Economy on 2nd March 2017. The resource person was Er. Sumir Mathur, CEO of AS Technosoft and leading member of a young entrepreneurial group who established an e-commerce initiative \'Saloni Fashions\' He is an MBA from Royal Holloway, University of London. The lecture started with explaining the previously launched schemes by the government, such as the promotion of Jan Dhan Accounts (which are zero balance accounts) and the income disclosure scheme etc which formed the base for the demonetization move by the government. Thus the process of demonetization was not a hasty decision though it turned to be mismanaged. The reasons which led to demonetization were highlighted, which were, firstly, to infuse money in the banking system,secondly to reduce terrorism by reducing fake currency and finally to shut the parallel economy of black money. Mr. Mathur also threw light on the impact that demonetization brought on the business in India. The session ended with an intense discussion on the positives and negatives of the process of demonetization. Overall the session was educational as well as interactive and Students School of Management gained an in-depth understanding on the matter.