Project Management Demonitization

ASSIGNMENT NO.2

OPERATIONS MANAGEMENT

MAKING INDIAN ECONOMY CASHLESS

• VARIOUS ACTIVITIES INVOLVED IN THE PROJECT ARE

1. Printing of new 2000 and 500 rupee note

Denoted by A

As the next activity is of banning old 1000 and 500 rupee will create a rush in the country so to facilitate such a change ample amount of new 2000 and 1000 are to be needed.

1. Ban on old 500 and 1000 rupee note

Denoted by B

By this activity no 500 and 1000 rupee will be effective in the country.

1. Deposition of 500 and 1000 rupee note in banks and RBI

Denoted by C

500 and 1000 rupees are only to be deposited in banks and RBI by showing respective IDs, aadhar card, passport or address proof.

1. Withdrawal of new 2000 and 500 rupee note

Denoted by D

As old 500 and 1000 rupee notes are not effective to facilitate this change ATM are already flushed with new currency and withdrawal limit is 3000.

In case for more amount, showing valid ID and income statement amount can be taken through cheque.

1. Launch of secure net payment application to encourage e- payments

Denoted by E

Launching official government application of making payments through internet.

1. Providing easy way of  installation of ATM card swipe machines   to any product or service provider

Denoted by F

As our aim is to go cashless so to do we have to provide easy way of installation of card swipe machines to shopkeepers, railways etc. where money is used.

1. Ban on new 2000 rupee note

Denoted by G

Removing new 2000 rupee note from economy will not affect much as transaction are made possible through phone applications and providing card swipe machines. Deposited in the bank.