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

Demonetization is affecting common people as they have to stand in long queues to get their money exchanged cause them losses in form of both health and wealth as if a person has to stand in there so he cannot go to his jobs resulting in loss of his salary and must have heard about deaths of poor old peoples because of standing in the queues, this death toll will be larger if our prime minister would have announced this demonetization in summer season.

Actually, demonetization is causing problems to common people for a short time but it would definitely provide benefits in a long run.

The demonetization was a good idea.

But it not up to the mark, our honorable Prime Minister is came with this idea in midnight so it took bit success.

But the urban poor peoples are got struggle, and lot of machineries to be changed because for note is changed how the old machine will work (ATM & NOTE PRINTING MACHINE).

The govt got loss instead of getting a profit.

As well corruption is eliminated little bit, we can't say that it is eliminated fully it is not possible too.

If everyone supportive for this demonetization means our country will definitely go to somewhere else.

Demonetization was a very good step taken by our prime minister, but it adversely affected the common people. As we know that most of the Indians live in villages and don't know about the digital system while the black money holders are rich and corrupted so they led the same life as before and also got their money back, while the poor villagers were unable to get even a one time meal. It also affected the normal shopkeepers who have the cash as the only source of the transaction. Thus I would like to conclude that although it was a good step illiterate persons were affected most.

Good Morning to one and all.

As we know demonetization is one of the respected measures has been taken by our honourable Prime Minister Modi. Like two faces of the coin this measure also have two different effects.

The positive aspect is that this helps us to become a corrupt free country, it helps to remove terrorists and smuggling activity.

Negative aspects is that people need to stand in a queue and due to insufficient cash they are unable to meet daily liabilities.

But in overall aspect to meet corruption less country we also need to go through some tough times.

We all have talked about the demonetization affect at the time of its implementation, but it been around 10 months from then.

It affects common people in terms of lower interest rates for the savings account as well as fixed deposits as most of their investments are in the form of fixed deposit.

Lower prices of land and buildings as the one didn't get the price what he or she wants for the assets sold.

Due to demonetization, most of the payments are through the digital medium, due to which people are facing security issues and are being the victim of online frauds.

Hi everyone.

Demonetisation has been one of the most transformative event of 2016. While it is true that if we want to challenge corruption root and branch we can't merely trim the branches periodically to appease the public opinion. We have to attack the curse at roots, it is also true that ill planned move of such a major change will affect the innocent citizens.

Yes, the 90% honest Indians were ready to accept passing discomfort as collateral price again corruption but how is fair that despite such difficulties only a little amount of black money was unearthed.

Hello, everyone.

In My point of view, demonetization is affecting common people more than black money holders. Common people are stands in a queue in bank I day of summer. Heard some people are dying by stand in a queue. I think there is no reason behind demonstrations because there is a loss of the nation. Now days there GDP has been less than previous and black money holder exchange his money by other hand give tax and change money no black money are stored in government stock and some money are stored in government stock that is not distributed with people.

From my point of view, demonetization led to suffer the economic growth of the country. Demonetization was not planned adequately and led to escape of some black money holders easily. After demonetization, the economic growth of the country decreased and with the introduction of new currency notes led to more confusion to the people. The common people are not eagerly waiting to buy some new items as they are afraid of such new incidents in future and this led to only saving the money and investing it, which would rather multiply easily than keeping it safe.

First of all, I would like to give an overview about what the term 'demonetization' mean?

On 8th Nov 2016, our respected prime minister came up with the rule that the 500 and 1000 rs notes will no more be in circulation and in place of that new notes will be launched and used.

Now, I am in favour of this rule as it is the best way to carry out black money and it will also help in reducing corruption.

But due to this rule the common people are facing problems as they have to stand in the que for a long time so as to change there old notes into new ones.

Hi, Yes it is affecting a lot of common people like us not only in standing queues but also about the charges held in withdrawals.

For every transaction tax and charges held which is affecting us. In my opinion, demonetization is only affecting common people to ones who are corrupted. For every earning and saving we have to pay tax then where to save. If we are thinking about our future generation then what about us?

Conclusion: Demonetization has both advantages and disadvantages. According to me, it is just affecting common people more than other.