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Preeti Dabral 3 years ago
Following are the advantages of demonetisation:
- Curbing black money - Demonetisation has helped the government in tracking black money kept hidden by tax evaders. Demonetisation has helped in uncovering a huge amount of unaccounted cash. People had deposited more than 3 lakh crores worth of black money in bank accounts.
- Increase in tax revenue - As a result of demonetisation, people deposited their money in their bank accounts. The number of tax payers has considerably increased. As a result, the government got a good amount of tax revenue which could be used by the government towards the betterment of society.
- Cashless economy - Demonetisation pushed the Indian economy towards becoming cashless. The government succeeded in encouraging people to use digital means for making transactions. According to an estimate, the economy has witnessed a 20% decline in currency in circulation.
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Preeti Dabral 3 years ago
Land reforms are needed for the following objectives:
- To increase agricultural productivity- Land reforms are needed to increase agricultural productivity by creating conditions for evolving high levels of efficiency and productivity. Land reforms include consolidation of holdings and cooperative farming to increase the size of the operational unit and to benefit from economies of scale.
- To eliminate exploitation and to promote social justice- Land reforms seek to improve the socio-economic conditions of farmers by eliminating exploitation in land relations due to intermediaries and reconstructing agrarian relations to achieve social justice. Its main objective is to establish an egalitarian society by eliminating inequality.
After independence, the Indian government undertook various measures including land reforms to improve the condition of agriculture. The impact of land reforms has been the abolition of the zamindari system and providing security of ownership rights to tenants. But land reforms could make only limited success because of a lack of political will and poor implementation.

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Hitkar Miglani 3 years, 6 months ago
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