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

Hi, friends I am Deepu.

As on my view, It's a good step to reduce corruption and black money. But it affects the middle class and poor people when compared to rich people. We all get to know about that whatever scheme like this came it's not for a long future use it's just for a temporary corruption free India because again rich people and politicians get that new currency and hold it as black money.

Demonetization is a way of defeat the corruption. But it does not executed well. Actually, most middle class and poor people affected the most. At the time of demonetization, people did not aware of that news, so many people do not have money in their hands. They need to dispose their old 500 and 1000 notes and move on to a new notes. Everyone stood for a long time before a ATM. Their plans have been destroyed. Many people who kept marriage had been definetely keep their money in bank. At that cruncy suitvation, what they will do, they need to perform the marriage, where he/she go for the money. Suppose next day is the marriage, he needs to stand in ATM queue? There is also restriction that only limited money can be taken in a day. At that time, what he will do? Common people are also important. So government must think of them and act. Thankyou.

Hello friends according to me, demonetization which had been done on 8th nov 2016. This demonetization has changed the whole economy. This was the great change in the Indian economy. I think the govt had taken right decision of demonetization but they had not made any plans. Many middle-class people came in trouble become of this demonetization. Many poor people in India don't know to sign his signature and govt had told them to fill the form and then exchange the notes. Those people which were having black people they had given corruption to the banker and exchange their notes. But the middle and poor people those who are having white money they came in trouble.

By the current scenario, we can see the common people have face the many problems than the black money holder because from the 8th December only common people standing in bank line no one is from black money holders.

According to my view, Demonetization totally affected both middle class and high class people. Now here little Change seems. That is some of the people easily overcome this issue. Many of not. Black money holders were using their political influence and economical influence to change their money. So ordinary people didn't change their money.

Yes, it is affecting common people but they are okey with it just because black money holder are also in a big trouble.

As the decision taking by our honorable prime minister Mr. Narendra Modi Ji it is affecting common people for a short period of time but after the two months common people also not get suffered.

At last, I would like to conclude that demonization is good for our country as reducing corruption in India that's the big point.

In my opinion, demonetisation will only stop the money that is kept with the money holders with no records for that money and that form of money is in large percentage. Because of this, that cash will go useless. But n the other hand demonetization will not affect the money exchanged in the daily transaction. So it is reducing the corruption but it is not the complete solution of the problem of corruption.

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.

Hello, friends, I want to address the issue that supposes a poor person pays his taxes and keeps aside some money as savings for purpose of his children's education or marriage he has to deposit it again and will have to pay taxes on it again.

Moreover, the black money which is circulated in form of real estate and gold will have very less impact on them and most of the black money is stored outside the country.

The move was a good decision but not properly thought of and executed.

According to me, demonetization is changed the corruption era. It is affecting common people more than black money holders but good thing is that it affects on corruption. We saw that in demonetization the goverment collect lots of money from black money holders also its increase GDP of our country. But common people faced lots of trouble in three months. They are standing in a queue for a day for 2000 or 4000 and ATM was empty. Also, bank employees help celebrities and politicians for withdrawing money from the backside. My view is demonetization is a good step but its affecting common people very much.