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

Demonetization is a kind of government action to tackle and stop black money in country. It also has been done in 1946 and after that, I was done in 1978 by Morarji Desai to banned 10000 and 5000 Indian currency notes and now one of the biggest step taken by PM Narendra Modiji to banned 1000 and 500 INR. So it's a normal process and there is nothing to become shocked. Mostly, people supported this decision that is very appreciated and helpful for the government. As I know that common people faced many problems during change notes and withdraw also but I think, people should understand that if we stand in queue for movies ticket, railway tickets, strike and etc then why can not stand for stop black money only for one and half month. For my opinion, It should be happening in every 5 to 10 years to stop black money in the country and people must support our government ever because it will help to grow the economy of the country and decrease inflation. Thanks.

My dear friends, demonetization was a step taken by Honorable PM Narendra Modi on 8th November 2016 for the welfare of common man. It was quite shocking news for black money holders. Some of them even died of heart attack and a few started taking sleeping pills. They started finding illegal means to convert black money into white by bribing bank employees or commission agents. Some of them threw their money into river Ganga. Donation boxes were also seen full of cash during those days.

On the other hand, innocent people also had to face lots of difficulties. They had to stand in ATM lines for hours. But they still stand with prime minister because they know that this step is for our betterment. Revolution can't be brought overnight.

Common man was getting money in exchange of their money unlike the soldiers on border who are getting.

Bullets in exchange of bullets. It is only journalists and opposition party who were making big deal out of it. Otherwise, common man supports this policy.

At the end, common man suffered hardly for 2 months. But it gave long lasting impact on black money holders.

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.

The idea of demonitization was very good and was taken with aim, to fight against corruption, fake currency, terrorism. Up to some extent it was successful in it attempt as many people declared their actual income (which was previously undeclare), many Naxal groups surrendered due to no cash, violence in J&K decreased considerably during demonitization as terror financing anti-nation groups had no cash (new paper money), human trafficking decreased, people started digital transactions, revenue collection steeply increased.

But as the monetization was not implemented as effectively as it was thought common people have faced scarcity of cash, had to stand in long lines in atm, banks to withdrawal their money, many poor workers of small industries lost their job, due inhumanity of some doctors, some poor people's died as doctor refuse to give then treatment because of not paying hospital fee in new notes.

On the other hand, many corrupt people successfully converted their black money in gold, exchanged their old notes with new notes with help of corrupt bank employee.

Conclusion: demonitization was meant for country benifit but unfortunately it caused common people suffering, we hope in future we got.

Good output of demonitization.

Hi, of course, demonetization is affecting both common people & black money holder. But I feel that heat is being felt more by common people and small-scale business people whose daily activities depend on cash transactions than black money holders. The idea of demonetization was damn good but I think it has failed in being properly implemented. And country along with the masterminds behind demonetization scheme might have shellshocked to witness never ever seen corruption done through or with the help of banks (new denomination currency unauthorizedly supplied few black money holders) which made the masterplan an utter failure.

Hi, I am Suraj. I think the planning for demonetization was perfect but management is not perfect because of that common people will face many problems such as stand in the ATM lines for withdraw his own money. But this will no any effect on the black money holders and they convert their black money into white money by other things such as purchase lands, gold, etc.

Hi all of you.

Yes, the demonetization is affected on common people than the corrupted people, the idea was good taken by our government it succeeded for half of their thought so it's mainly affected for normal peoples I hope that it will help for our country to develop Thank you all.

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.

Hi.

Common people are very affected by the demonisation but black money holders also shocked by this news when they could have heard the discussion which taken by the PM of India.

Demonetisation, in my opinion, had adverse impact on people of India as well as the Indian economy. Sudden withdrawal of higher value currency has lead common men like daily labours and small business very hard to meet their daily bread. Many times many people fainted by standing in such a long queues and even a count of 50 have been reported dead.

How come this government is so cruel? And the reason what our PM found was that to eliminate black money. We need to stand in long queues to withdraw the money that we earn only through hard work. Those people out there like Ambani have come up with lewd intention and have made his black money white by cheating common people in name of Jio sim he is a fraud and is depositing amounts in Jio users account by linking their Adhar cards and hence creating accounts but these people and youngsters out there who don't know about this are still being fools. Still, now many people are facing these problems. And the Indian economic stability has fallen due to this stupid process name to be demonetisation.