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

Hello everyone,

From my point of view, its affecting both but yes it's affecting common people more than black money holders because black money holder did manage their problems but its very difficult for common people that how can they manage their problem related to marriages, medicines and so many problems.

I feel like demonetization had affected the middle-class people more than the black money holders. However, this will be useful and as our country is very large in its population decisions should be taken in a planned way which would affect the corrupted people.

Hello everyone, of course demonetization doesn't show it affects on black money holders but it shows effect on people who or not corrupted only 3 to 5% black money holders were affected (most important thing most of the black money holders stored money in foreign currency, not in Indian currency) demonetization effects people like contractors, small-scale industries, some officials who stored their money in Indian currency. According to my conclusion demonetization affect non corrupted people but not black money holders.

Demonetization is a powerful measure. But it is not implemented properly. Whatever modi did is in a proper manner except he would have taken a better steps to implement without suffering the common people.

If he would have arranged the quantum of currency for exchange for a common people who are depositing in a bank it would have get successful obviously black money holders cannot deposit black money to a bank except to some extent.

So the powerful idea gets flopped.

YES, I candidly support the statement. Although demonetisation was aimed to identify black money and curb the menace. But presently it has affected command people rather than targeting black money holders. Hundreds of hours of common people became useless in queueing up before ATMs and Banks for withdrawal of money or exchanging currencies. Many people lost their valued life. Degrowth of economy has rendered many people jobless. Rural masses are more deprived of new notes and buying of seeds and fertilisers has become a herculean task. People suffered a lot in organising marriages and related functions. Many occupations related to these got hampered wherein common people get seasonal employment. On the other hand rich and influential were found relaxed. New currency in bulk was found during search. The glamour and expenses of their functions were not at all affected. Moreover, some of them took the advantage of the situation and made money on large scale.

Hello friends,

Demonetization is affecting both common people & black money holders. But the facts that is common people more physical problem as like standing the queue of ATM and bank line but black money holders are faced problem mentally because their all money which is collected by themselves are wasted. The news of demonetization not more than a nightmare. But after some days demonetization affect are normal and there will be no queue in front of bank an ATM. The effect of demonetization is that all black money is under government or money is wasted. These reason the Indian economy are better than before and Indian currency is strong comparatively other currency.

The most effect of demonetization is stopped the terror funding in India and real state cleansing. And India GDP rate is increased.

Demonetization is a process in which we modified the currency.

Our PM Narendra Modi demonetized the 500 and 1000 RS notes on 8th November 2016.

Demonetization is a good way to control over black money, fake currency and corruption.

Many people hide their money in houses this money is called black money. It is the main obstacles in our country's progress. Most people of India bear many problems and some died in the queue of ATM's.

Black money encourages terrorism most of the terrorist use black money and fake currency.

So, I think Demonetization is a good decision taken by our official.

Jai Hind everyone,

Demonetization means modifying the current currency in the form of a new currency. Our honourable prime minister Narendra Modi announced demonetization on 8 November 2016 and said the notes of 500, 1000 invalid.

It was a good step to destroy corruption and control black money. It also affected terrorist activities. Many people hide a big amount of money in their houses illegally which is called black money. Demonetization was good for the development of the country but it affected the big population of middle-class people. People had to face a lot of trouble in the process of exchanging their notes. It also affected the GDP of our country. Demonetization also increased digital payment across the country.

At last, l would like to say that every coin has two sides so demonetization had also both negative and positive impacts on our country but from my point of view, it was a good decision to eradicate corruption and black money.

Thanks.

Hello, Yes demonetization is affecting common people a lot but it has affected the black money holders and the businessman too. We all know the fact that if we are on a good path there will be many obstacles we have to tackle them. These problems of common people are for only a few days but the black money holders will face a long-term problem. And about moving towards cashless economy, yes it's good but for implementing it we will have to first make people aware of the benefits of a cashless society.

Hi.

In my opinion, the decision of Modi Ji is very good in spite of having various problems for common peoples because doing something is better than doing nothing, At the time of PM Manmohan government, their is no such steps were taken about corruption but Modi Ji believed in doing rather than only speaking.