Business Recommendations and Implementation Plan- Report & Presentation Assignment Help

Internal Code: 3DBA

Report & Presentation Assignment Help:

Task: Paper money has been serving the purpose of legal tender for more than thirty decades. However, with the advances in technologies and innovation in fintech solutions, there are non-conventional mode available in the market. Countries like Singapore, Netherlands, France and Sweden account for more than 50% of their transactions as cashless whereas India still does little more than only 2% of her transactions in non-cash (Business Today, 2016). With the objective of moving to cashless economy, curtail the shadow economy and remove the fake currency from market, the Prime Minister, Government of India announced on November 8, 2016 that the higher currency notes of Rs. 500 and Rs. 1000 would not be legal tender anymore from the midnight. The effect of demonetisation brought disruption to the various sector including the banking sector. The move to go towards cashless economy by going digital, has brought a drastic change in the payment systems like ATM Transactions, Mobile Payments, POS, NEFT Transfers, RTGS payment systems etc. It is important to assess how these payment systems have been disrupted after the announcement was made. The demonetisation also had some negative effect on economy for short-term and it is important to assess whether the benefits were worth the cost. Objective Impact of demonetisation on the economy (GDP, SME businesses, Sentiment on the Government Policy, Online payments, Banking industry) • Use text mining to assess the sentiment of public on digital transactions in general. Do sentiment analysis at aspect level. Demonetisation is just one of the aspects. • Role of macro-economic factors (Demonetization, Infrastructure, Literacy etc.) • Use forecasting to predict the impact of demonetisation on growth of digital transactions (Optional in part-1). • Analyzing patterns in various payment modes and how is it affecting the cashless economy objective (Optional in part-1). • Analyse the impact of one payment mode on another (Optional in part-1). Data source • Social Media (Twitter, News websites, Leaders’ speeches, etc.) • https://www.npci.org.in/statistics • Period of analysis: Apr 15 to Mar 18 (3 years data)