शौनकचा कट्टा..

         "12 noon onwards currency notes denominated Rs.500 and 1000 will ceased to be the 'legal tender'.." decision declared by the Prime Minister on November 8th, 8 PM. Whole nation was shocked. This is a blunt and bold decision. There have been various aftershock incicendeces, political, social, economic. Various types of people gave various opinions about the decision, applicability and Future consequences. Whatever it might be. What are the reasons behind this? Why this decision has been taken, especially when, Indian economy is going through the phase of growth at higher rate. India is 'World's fastest growing large economy ' despite of this why this decision has been taken?         The central bank of India i.e. Reserve Bank of India keeps the track record of printing of currency notes, circulation in the economy. Considering this fact, the following figure gives severe shock. The difference between actual currency printed and-injected in ec