How demonetization is affecting common people more than black money holders?
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201 comments Page 14 of 21.
Siddharth said:
9 years ago
Hi,
First of all, it is a good initiative because other higher official didn't think of that.
Even a mighty ruler has a fall, and hence even it is a good step, there will be some draw-backs. Notably daily wage workers and farmers. The people who hold their money in terms of property are the kings of trade since they don't get affected but still there are some people who have in terms of cash. Common people are the one who gets affected the most but the scenario may soon change for them but for the black money holders it is a complete nightmare.
First of all, it is a good initiative because other higher official didn't think of that.
Even a mighty ruler has a fall, and hence even it is a good step, there will be some draw-backs. Notably daily wage workers and farmers. The people who hold their money in terms of property are the kings of trade since they don't get affected but still there are some people who have in terms of cash. Common people are the one who gets affected the most but the scenario may soon change for them but for the black money holders it is a complete nightmare.
(7)
Akash Nigam said:
9 years ago
Hi guys,
I am Akash and yes demonetization is affecting common people. Small vendor are spending more time in front of atm line. Its difficult for them to use electronic wallets for transaction because some are very old for learning this stuff and poor people don't have resource for e-money. All black money holders have money the only thig they need to do is convert into white but common people has to earn that money which in those days is a problem of transaction. This explains demonetization effect common people more than black money holders.
I am Akash and yes demonetization is affecting common people. Small vendor are spending more time in front of atm line. Its difficult for them to use electronic wallets for transaction because some are very old for learning this stuff and poor people don't have resource for e-money. All black money holders have money the only thig they need to do is convert into white but common people has to earn that money which in those days is a problem of transaction. This explains demonetization effect common people more than black money holders.
(33)
Shyam Dhakad svceindore said:
8 years ago
Demonetisation was announced by Narendra Modi on 8 Nov 2016. It is really good one. It reduces the money as well as duplicate currency. The Number of duplicate currency is used in India that also minimised.
I strongly support the decision taken by the Indian government, of course, I agree there were some problems faced by used during those three months what finally it's good for the country.
One bad thing was that is people exchange their money without standing in a queue by their influence but common people suffered a lot of this issue.
I strongly support the decision taken by the Indian government, of course, I agree there were some problems faced by used during those three months what finally it's good for the country.
One bad thing was that is people exchange their money without standing in a queue by their influence but common people suffered a lot of this issue.
(8)
Prudhvi said:
8 years ago
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.
(16)
Sunny said:
8 years ago
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.
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.
(4)
Vineet sharma said:
8 years ago
Demonetization is affecting common people more than black money holders. But it is a good step for the future. This not to be able to stop the corruption but it will reduce it. Here common people suffering lots because they are stand up in line in front of banks, ATMs and post offices. Because govt kept the limited time to convert their old currency. At the other hand, black money holders sitting their homes and they are converting their black money by giving a commission to poor people or bride to banks employees.
(18)
Danish said:
9 years ago
I truly support this statement. Demonetization has affected common people on large scale. Common people are suffering because of the lack of money. Most of the common people in India use only cash and they are not really good with banking services or electronic payment systems and they are not well educated about all these. ATMs are getting dry, people are really frustrated and they don't know what to do. More 50 people have died so far. We all can clearly see that demonetization is affecting common people only.
(18)
Komal Singh said:
9 years ago
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.
(14)
Saswati said:
8 years ago
Udoubtedly demonetization was helpful in eradicating black money to some extent but as it was announced all ofa sudden and was poorly planned the middle class people suffered a lot. There was a large que in atm's as people had no suuficient cash to buy their households even people even had to rush to banks to exchange the 500 and 1000 notes by taking leave from their offices. Many people died due to rush in atm's and as there was a restriction in withdrawl of money people faced a lot of difficulty.
(18)
RAMIT MISHRA said:
8 years ago
Common people are being affected by demonetization as they have to be in line in front of ATMs, but most of them were happy as they know that this (demonetization) will be helpful for our country's development and rescue from crimes like terrorism etc. Black money holders have money in more than sufficient amount so they bribe bankers or by other means make it white. They do not face many problems doing this. Even if they lose some money, they don't be nervous as that money are not their own.
(20)
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