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

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201 comments Page 17 of 21.

Gulshan kumar said:   8 years ago
Demonetization has ruined this country resulting in a decrease in GDP of our country by 3%. All the results show that it has affected the economy of our country bvery badly. Even the data declared by reserve bank shows that the motto behind the demonetization has completely failed. If I would have to talk about the black money, the surprising fact is, that almost all the black money has been converted into white money. Thank you friends.
(6)

Nivetha said:   9 years ago
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.
(7)

Princess said:   8 years ago
I think common people have suffered a lot after PM announced ban on 500 n 1000 RS notes. The decision was quick and people were not ready for it. Common people had no money for buying common things required for household. Also they had to take a leave from their office to stand in que of banks to exchange their notes. I think it was not planned properly they should have first make sufficient currency available.
(30)

Satya Prakash said:   8 years ago
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.
(10)

Deepu said:   8 years ago
Hi, friends I am Deepu.

As on my view, It's a good step to reduce corruption and black money. But it affects the middle class and poor people when compared to rich people. We all get to know about that whatever scheme like this came it's not for a long future use it's just for a temporary corruption free India because again rich people and politicians get that new currency and hold it as black money.
(11)

Ritu said:   8 years ago
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.
(7)

Srilakshmi said:   8 years ago
Demonetization idea was good to reduce black money, but only with idea govt should not declare that it will be reducing black money, with proper action and implement can possible. Our pm had come known this thought after announced demonetization, he hasn't fulfilled his promises so far in my view planning is very important before going to do big change in society, that was missed in demonetization.
(13)

Raj said:   5 years ago
Hi,

According to me, demonization was the wrong decision because of this many people lost their jobs and after that, we saw our GDP growth decreased, the economy also suffered a lot and if you talk about the collection of black money which was promised by the government according to RBI data almost 98% notes deposited in banks and finally this is so many example failure of demonization.

Jai Hind.
(17)

Aditya Gahoi said:   9 years ago
As per my opinion, demonetisation affects both common & black money holders.

As all says that it affects common people the most but that not correct. It deals a huge effect on black money holders, but they never show it. But the effect can be clearly seen on common ones.

One should survive for a great change. Now the money collected by demonetisation is being used for the benefit of farmers.
(3)

RAGINI said:   8 years ago
At this time, after first at a first anniversary of demonetisation economy still coping with its after - effects, while consumers, farmers, small enterprises facing currency crunch, there was a surge in liquidity with banks, due to the invalid of Rs 500, Rs1000 notes being deposited in current, saving accounts this leads to inconvenience for small players rather than major players.
(4)


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