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

My opinion about this topic is India will reborn with demonetization it helps reduced corruption and black money will be reduced and middle and low-class people really affected with this.

Demonetization is a good step our government, it leaked out the extra money which people had kept by earning through wrong paths, also the revenue in the municipal corporation and the income tax was paid in huge amounts during this demonetization period.

First of all, greeting to all of you. We are here to discussing the topic demonetization. From my point of view demonetization is good for us which is organised by our prime minister Narendra Modi in 2016 in November.

The main purpose of coming demonetization is to remove black money, corruption etc. But we are here to discussing the effect of this on poor and rich people. After coming to this approx 2 or 3 months people queuing in front of bank and ATMs for the purpose of the transaction, withdraw money. They serve problem for a long time but this type of problem is not happening with rich people they came anytime and take money or transaction at the right time they want. The currency of 200 0 and 500 note changed into new notes in which chip is inserted which cath the if your money is lost or stolen by any robbery. There are so many effects of this currency on poor people or rikshachalak. We know that Rikshachalak earn money in a day approx 300. They don't have a change of the large amount of 2000 notes when given by any customer on that time so this is the big problem on the time when demonetization came. But we can say that this organisation play a good vital role.

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.

Hello,

Demonetization is a desirable act in India done in 8th November 2016. The act intention is to recover the black money and hidden properties. And also for national income.

In India, most of the people are small vendors they work to daily wages as 300 to 500, at this time the government was decided the demonetization now what can do the small vendors. 500, 1000 notes very strong I mean they are circulated to 7 years but government has band that notes. To recovery from the demonetization is all over India the notes are needed is 21 billion notes are replaced, but in our mind (notes printing press) can print only 3 billion notes, we can't depend on foreign mints because the India in "make in India" when the notes has circulated properly then we recover from demonetization.

The Indian express says that the potentially significant amount would be subtracted from the reserve Bank of India's liabilities, and the authorities would have the option to transfer his windfall to the government.

India's sovereign credit profile will benefit from an improvement in government finances.

Yes, indeed it was a bold and impressive decision by our PM. Initially it showed some hope to get a country which we dream to live in based on honesty and Loyalty. But soon it was reflecting no such positive outcomes. The main aim was to remove the black money prevailing in society on large scale but it could not do so. The high class people have managed their black money in bank through some middle man who used to deposit their amount in bank rather they also distributed their amount to different members of society with some benefits to they. They have easily converted their money in white money. So, basically our government could not succeed in this stage. As a result they started digitallasing, here poor people who have poor connectivity could not utilise this. They are still the sufferer. But still hope is there to improve in this field.

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.

No, I think that demonetization is for the betterment of our nation because then only black money holders will get arrested or strict actions would be taken against them. Our country will then only move forward. This is done to curb currouption which is faced in this era. Many people are suffering through this and many people are enjoying the benefits due to currouption so the government has taken a good step as starting up demonetisation.

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.

Hello, Friends.

According to me, Demonetization is very good designation by the government. But government has fail to implement it. It only affects the small people or we can say the common men the big & powerful people are leaving their life as it is but common men has to go bank & ATM regularly get through lot of suffer even some people heavily lingered or died in Que. On another side powerful people are partying and posting selfie with bunch of new notes when peoples don't have a new single note. On another side it create awareness in people so many people who are not paying Tex or not using bank because of lake knowledge are used to with bank.