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

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.

Hello friends, the topic for GD is How demonetization is affecting common people more than black money holders?

Demonetization has done on 8 nov 2017. There is very bad effect comes in common people. They all are face various problem at the time of demon. After stand in a very big line people only give 2000 in per day from ATM and lots of ATM don't had been money. And lots of poor people do not have a bank account so they face much more problematic for exchange money.

The decision which is taken by the Government was appreciatable because they know that if this thing went wrong, it will definitely create so many problems but still they showed courage.

Yes, we know that during demonization we faced so many problems like to stand in queue for hours, lack of cash availability, change issues. But friends after a long duration if someone tries to take the action against corruption at least we should support him.

And, I think the decision taken suddenly is part of the strategy, if they announced it before then there was a chance for exchange of black money. We know that there is a lot of money is laundered in terms of land, gold, in a Swiss bank. But we can't ignore this it is one positive step against corruption.

Thank you.

Now we discuss on demonstration.

Government taken the good decision to stop the corruption. The middle class people are suffering more than compare to rich people.

The people are going to bank and standing in queue for whole day to exchange the money.

Yes, demonetization affects the common village people more than the city people. It is better to saying demonetization is affected the middle-class people when compared with rich people.

This is a big topic to be discussed like its name. Demonetization had done on 8 nov 2016. It was a sudden announcement by our Hon'ble PM after that all the 500, 1000 rupee notes had banned. Demonetization was a right step for the black money holder as most of the black money becomes white. But there is an advantage and some sort of disadvantage of everything so demonetization also caused many difficulties to the common people regarding cash withdrawals. But overall it was a white revolution.

The demonetization was introduced to abolish the currency notes that are currently used in the economy. The demonetization has adverse effects on the common people rather than Black money holder's since the common people do not have enough backup facility to cope with the sudden changes. The commoners have to stand in queue for hours to get our old notes changed and at that particular time, only limited notes were available. So this caused a great chaos among the societies. Besides, the Black money is converted into various assets like jewellery, land etc. They will not suffer for their everyday needs like common people.

People have to stand in long queues to exchange their currency. The people who are in remote locations will have their savings in their home pose a major problem at that time since they can invest only 2L in the banks. So the common people will be more affected compared to the Black money holder's. The black money holders will find any other way to convert their Black money to White. The government must ensure to protect the common people before this kind of revolution is passed.

Hello, this is Bavita kumari.

Yes, of course, demonetization is affecting common people more than the black holders. Behind the demonetization drive, the main aim was to minimize the corruption means minimize the no of black holders, but what is the reality we all can see. Before demonetization 14. 11 lakh core money was in the market and in which more than 13 lakh core money has been deposited. Then the question is: where is the black money? The answer is: all the black holders have some connection at the upper level and they deposited their money with the help of connectors and many people or black holders deposited their money through their servant and poor people. Hence they are no affected. They recovered their money back in form of new notes. The main people who are affected by this drive is:"common people". Even many people or old people died in queues. Many marriage functions was stopped, many patients died, means all the problem affected to common people. Hence demonetization is affecting the common people more than the black holders.

Hello, all this is Nandy.

I am not in favour of this that demonetization is affecting commen people more than black money holders because it's very simple that those who have white money they can eailsy exchange they money however those who have black money holders first of all they will not sleep at all all the time they will keep in busy that how will they will make there money into white but common people they will face some difficulties like standing in long queue or to exchange there value but in the end they know this thing will really give them some benifits in long term not might be in short term that will find results but definatiley.

Hi, my name is Sandeep.

I am talking about common people point of view, all the below middle class and middle-class people stand in front of banks to exchange currency, I haven't seen any rich people standing in ques, waiting to exchange.

People are standing and waiting near banks just to see the future of India as corruption less country, we should support our govt as it is a very good initial step taken by the govt, even though it has many disadvantages.