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

NO doubt, demonetization has affected common people because they have to stand in queues for a long, and the people who are illiterate and live in a village with having limited banks and ATMs suffered a lot with this demonetization. But it's irrelevant to say that only common people suffered from demonetization. Those who were having lots of black money are the real suffers from this demonetization because they can't able to sleep at night in their beds having sleep wells mattress, and the common people who were in long queues for whole day can have a good sleep their floor at night because the don't have fear of losing money which they earned with hard work.

Hi, even after the demonization is done, still we are facing the problem, there is a lack of cash in ATM and people have to go to other ATM. Banks are also not of much use, and the common people are still suffering. Even if try for digital payments, we face lots of the problem, and common people are not aware of digital transactions. We cannot go totally digital, as we need cash to meet our basic requirements and to make small payments. Hope the things get back to normal as soon as possible.

In my opinion, the problem is, the black money holders are worried about the money earned through corruption but on the other hand the common people are worried about the money earned through hard labor as they have to stand in queues for so long to withdraw money from atm's and that too in limited amount and the same situation is there at the banks for the exchange of currency notes. There are labourers who work on the daily basis that means they work for the whole day and at the end of the day, they get paid. Now getting paid for them have become difficult. Meanwhile, the black money holders having enough money to let their staffs or servants stand in the queues to withdraw money from them.

Apart from all these difficulties, the common people have hope for better future and that means a lot.

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.

Common people are facing huge chaos in their daily life. They are standing in banks Queue for hours and black money holders have made workers stand in the Queue for exchanging notes at the rate of Rs 500 at per 5000 withdrawal. Many factories are shutdown as their labour are standing in the bank Queue. For whom this demonetization has taken place, are facing less problem ad compared to common people.

Hello,

I respect everyone's comment here but I believe that there was a great loss of people in our country due to Demonetization. No doubt that demonetization is a great revolutionary thought which is for the welfare of Indian public. I feel that definitely demonetization will be a great change India ever seen but yes no rich person has been died because of this movement only poor people suffered a lot.

I know we respect our Prime Minister and have full faith on him as he really did everything for the common man and for everyone's welfare but I can't forget common man contribution towards demonetization as everyone supported our Prime Minister.

I feel that all the common man who died because of this are not less than Martyr. We should respect them too.

Salute to all common man! actually, they are real hero of India.

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.

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.

The biggest advantage is that we came out of the black money and its has the best thing happened to our country by P. M Narendra ModiJi and I think he has the best for the betterment of the nation.

Yeah, demonetization is affecting common people more than black money holder. But it is a good step for the future purpose. This may not be able to stop the corruption but it will reduce it. Though the common people are suffering many problems due to this. But it is helpful to them only. Because everything that happens in a country it mainly affects to common people. So soon this small steps taken will lead to a great development for our country.