*DEMONETISATION*
• Date- 8th November 2016
• Time- 8pm
• In charge- PM Narendra Modi
• ₹500 & ₹1000 notes’ were banned. 
• New notes of ₹500 and ₹2000 were introduced. 

*CAPSULE 1:-*
• India as a part of BRICS- its contribution to the world economy (relating to the fact that our country has almost one-fifth of the world’s population)
• How consumption has decreased.
• 86% of the currency in cash being pulled out, almost equal to 15 lakh crore.
• Huge experiment/ gamble by the govt.
•India consists of One fifth of the world’s population! 
• Two P’s- poverty and population 
• No riots/protests
-90% of the population is poor
-Modiji popular
-No opposition

*CAPSULE 2:-*
• PM Modi being compared to Tuglaq- Reasons (history of the ruler)
• Analysis of India’s population:
- 1% tax payers
- 40% population below 18
- Uneven distribution of World’s wealth
- Fastest growing large economy of the world
• shortcut to judge the economy- D,D,I,I,F

*CAPSULE 3:-*
•Excess supply, no demand (demand decreased for gold,silver,gem,jewellery,real estate,restaurants,disco,pub)
•Demand for inferior goods like bidi, street food, local quality goods increased. 
•Unemployment level increased. 
•Barter system or Cashless society. 
•Lipstick effect.