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

Hi friends. Myself digambar.

I think demonization is a great impact on a middle-class family. Because by improving our life the rates will higher on imp needs. Like foods, clothes etc. By this increasing the cost this develops the problems in front of common people. Aand the black money holder's can easily exchange the black into white currency in banks. HHe does not face problems but common people can be faced problem in banks. By this situation, the loan is increasing day on our country.

Demonetisation was a step taken with good intentions but planned badly. I have seen that 99% of money came back to the system as suggested by the RBI but nobody has stated that how much of it is white money so which is still to be known.

After demonetisation our tax base has increased considerably earlier only 4% people used to pay taxes now it has increased to many folds.

Hi friends.

Demonetization is a very important factor for reducing the black money of our country because of wt ever the money in the country is to be digitalization. It will definitely effect on the common people due to the if it's happening in without any proper plan. In the rural areas, there is a lack of facilitates in the changing their money. Finally concluded that demonetization is the effect on the common people if it doesn't happen in the proper plan. Thank you.

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.

Demonetization is one of the good ways to improve our economy in our country. But the people who earn money in daily basis they are really affected to buy something whatever they need. In one side the poor people are affected by demonetization on another side the people who are sitting and debating in all TV channels. The black money holders have known how to change the black money into white money but the real sufferer is public.

Hello,

Yes, the question was framed really brilliant, of course demonetization was affected common people more than black holders or we can also people who are in upper middle class, our govt says it's only for common people and our country to go next level, but the govt was failed to recover black money, they changed black money to white money without any difficulties they used people who are in low and middle class to change black money I speaking as a man who affected by demonetization in November we had been building a new home it was sponsored home by our parish I had to give 50000 to people who work for me then only they can manage they can fulfil daily and food expensive of their family for the next week I have everything as old I can deposit to the bank but I can't take more than 24000 so I can I do, but you had seen television during the note changing common people standing in a long que because they don't have another option, I just want to conclude that it really affect only common people thank you.

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.

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.

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.

I think this decision was awesome, but implementation was not good. Therefore so common people were suffering from some problems. As we know, demonetization Was idea of Modi, due to this many people still feel suffering from some problems. This decision taken by government By saying to uproot corruption and reduce black money but it could not have happened. It could be succed but but never happened. According to me, the govt should not have displayed this step. It was sudden step towards corruption Nd black money. Only to control corruption Nd reduce black money it has taken but it is not fair and not sufficient step. I would like to conclude finally this step suddened happen. All of us shocked to listen this new. It is not well-planned decision.