How demonetization is affecting common people more than black money holders?

Demonetization is an assault on corrupt people. Corruption is the biggest obstacle for the eradication of poverty in the nation.

According to my point of view, the approach which was taken by the government on 8th Nov called demonetization is one of the best methods to hold the command on black money holder.

Yes, I accept that due to this step common people were affected as much as black money holder. But this is the fact that common people are in trouble for one or two months but on the other side, black money holder will suffer a long time.

According to RBI information, they have been destroyed approx 12% black money.

As we all, know that no one gets the best result without facing any difficulties.

Demonetization was a very bold and gutsy move that has been taken by our prime minister Narendra Modi on November 2016. That was done in a very planned manner so that the common people do not have to get very much affected because before this decision he has started a campaign to give every Indian their own bank account. The common people who work on the daily basis was much affected by this decision because of the lack of the cash in the market. In our India common people are very afraid of the incidents like looting and theft so they don't keep cash in their home for those fucking looters.

The people those have had black money in the form of 500 and 1000 notes currency were most affected by this decision because neither they could deposit the money nor the could reveal that.

After this decision the stop pelting incidents, Naxals attacks in our nation were at its lower stage. After this, around 657 Naxal groups have surrendered because of the lack of money. Around two lac crores, black money has been revealed.

Whether Demonisation decisions good or bad we haven't any logical idea but one thing is sure that in the demonization our poor and middle-class people were in trouble actually they hadn't any black money or any corrupted money. Second thing is that those people who have black money only 35-40 percent had exposed rest all is safe that is not fair to us!

Demonetization is affecting common people more than black money holders. Because of demonetization corruption will get reduced but not 100%. And the people who are responsible for corruption live their life as usual, but common people faced lots of problems like they have to be standing in a queue in front of the bank for withdrawing money and deposit as well. And because of demonetization, new notes are not available in the bank and common people are not able to do their work.

I would like to add few points here. Though our honorable PM announced that the motive behind demonetization was to tackle corruption and black money. Actually, after Vijay Mallya stole 9000 crores of rupees most of the Indian banks went bankrupt. So by demonetization, the main motive was to regain the financial stability of the banks. Regarding common people, I would like to say that around 85% of population thrives on cash. Only 4% owns a credit/debit card and around 3% have a net banking account. So small scale industries, book publication firms, wholesalers, and mainly farmers are struggling a lot in case of any emergency. Regarding black Money the process would have been more effective if some provision would have been made to procure the Swiss bank accounts. Rest amount of black money which is in India only 6% are in the form of cash. So the amount govt spent in making new currency notes is far higher than that 6% black money which would return back to the government So overall Loss in revenue is obvious. And from the prospect of curbing of fake currency, I would like to add a point that to make a 100 rupee note only 3 rupees is required and to make a fake 100 note even less. So you can see to make a fake of 3million rupees only 30000 is required. Definitely, only a small amount of loss will be procured by the fake currency makers.

Hello, friends.

The decision of Demonetization was taken by our Honorable PM on November 8th After this all currency notes of 500 and 1000(earlier) were declared as illegal many facts has been given by ministers and RBI officers that this will be helpful for our economy in longer way let's discussing all pros and cons one by one

1) Stone pelters who were pelting stones on our soldiers were stop after this decision that clearly indicates that after this decision fake cross border fake currency exchange stopped.
2) people of our country and bank officers did hard work for the completion of the reason behind this decision.
3) cross border terrorism reduces.

Now, as India is a very large country not only by its area but also due to its population so it is difficult to implement any decisions

People in the villages suffered a lot due to this decision might be government could implement this in a more planned way.
This decision affects our our economy for short time period but in a longer way it will be truthful.

In my opinion, Demonetization is a great initiative taken by the government of India and it definitely reduced corruption at certain extent but for this, each and every citizen of India has to put their step forward.

But in another way, due to demonetization there may be a reduction in black money but after demonetization again there are corruptions, black money is going on. I think first of all government has to eradicate the way of growing corruption by giving more initiatives to have a proper income tax evaluation.

In my opinion, Demonetization is a bold move taken by the government of India and it definitely reduced corruption at certain extent but for this, each and every citizen of India had to contribute and in another way. This topic is India will reborn with demonetization it helps reduced corruption and black money will be reduced and middle and low-class people really affected with this. Demonetization is affecting to the common people but they will get benefits from it in the future.

Thanks.

Hi, guys, this is Soundarya.

According to me, the announcement for paying tax have been informed to people through media six months ago. But people did not pay more attention. This ban of 500 and 1000 rupee notes announcement made most of them to pay their taxes and convert their black money into whites.

Hello, Friends.

According to me, Demonetization is very good designation by the government. But government has fail to implement it. It only affects the small people or we can say the common men the big & powerful people are leaving their life as it is but common men has to go bank & ATM regularly get through lot of suffer even some people heavily lingered or died in Que. On another side powerful people are partying and posting selfie with bunch of new notes when peoples don't have a new single note. On another side it create awareness in people so many people who are not paying Tex or not using bank because of lake knowledge are used to with bank.