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

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.

Hello everyone, it is obviously true fact that, for sudden demonetization in India, the common people are affected so much, the common people who have a lot of 500 and 1000 notes in home or who needs to take lot of liquid money from bank or ATM for Marriage or Medical purpose are fell in great danger. The common people have to stand in a long line to change their 500 or 1000 notes in bank or to take money from ATM. But this harassment will be occurred only for limited time (3-4 months). But the black money holder will fall in Fish out of water. Although their maximum black money may be in form of Gold bars or Jewellery but the liquid money they have, are totally useless, if they want to give it back to bank, then they have to give 200% fine because they can not show legal source of their money. So this money will be totally useless to them. For the demonetization, though common people will fall in harassment but for this, it is to be said that Terrorist activity will be decreased, Corruption in India will be decreased for at least next 10 years. So I think it is a good and effective step against corruption by Indian Government. Thank you.

Common people are suffering from Demonetization more than the black money holder. They are not able to withdraw money from banks and even the ATM are cashless. Black money holders are already having sources to get the new currency. Small vendors are not able to make payments and labors are not getting wages on time. Even some people are not having money for their daily expenses.

Hai friends,

Demonetisation a major step taken by Indian government, definitely a step for long term benefits of people of India.

But what about common man who is major contributor of Indian population and economy.

I strongly feel that, with such a drastic decision naturally common man was (is).

Affected more. Many people without bank accounts, people with account also not comfortable with ATM, in such a situation if the currency changes they don't even have an idea what can be done. Because it has become problem of 80 percent of people every one is busy solving their own. No one to provide proper guidance and common man suffered like anything.

Many couldn't go to doctor and couldn't purchase their regular needs. Of course, the situation was handled by them nicely, as they were patient at many places. Now they got used to handling the situation and ready for forthcoming benefits with positive attitude.

But before implementing such drastic decision, government might have planned for certain steps like making online payments compulsory at places like pensions of senior citizens and having lower denomination in ample. This might have been a better step with such things.

Although common man affected more, definitely He is the one who is going to reap the benefits also.

Thank you.

Demonetisation is a bold strategic step taken by the PM to curb corruption in India. This step has not succeeded completely in its aim but yes some amount of corruption has been reduced. This step was supported by all the Indians. But it effected not only the corrupted people but also the common.

In India digital payments is not well practised. It is known by the city people but a very few practise this. In rural areas many of them are still not aware of this. Thats why people faced a lot of problems due to demonetisation. They used to stand for long hours in the queue in banks for exchanging old notes and withdrawing money. Many ATMs used to show no cash boards. Even if money is available, a limit was kept on withdrawing. All this stress frustuated the common. It has been very difficult for the people working on daily job basis to find a job, because no one was ready to give jobs due to less cash. Farmers suffered as they have no cash to buy seeds and fertilisers for their crops. Middle class and poor people had postponed their functions due to less cash. On the other hand the rich and corrupted were less effected as they have money and they can achieve what they want.

These all problems were identified by the govt and it had increased the limit of withdrawing, and announced that they can use old notes in govt sector utilities.

Hi everyone.

Demonetisation has been one of the most transformative event of 2016. While it is true that if we want to challenge corruption root and branch we can't merely trim the branches periodically to appease the public opinion. We have to attack the curse at roots, it is also true that ill planned move of such a major change will affect the innocent citizens.

Yes, the 90% honest Indians were ready to accept passing discomfort as collateral price again corruption but how is fair that despite such difficulties only a little amount of black money was unearthed.

According to me, demonetization doesn't affect any black money holder Instead it affecting common people because these many notes are banned in place of these new notes are not created. Still, we are facing the same problem, in many Banks and ATM there is a lack of notes. That is why it only effect common people.

Hello sir,

My opinion Is yes, definitely demonetisation is affecting common people than black holders.

When government on the 8 Nov 2016 announced suddenly the 500 and 1000 rupee note will be banned.

There are lots of problems facing common people. There are no of queue in front bank atm postoffice. The common people especially the lower middle class and the people live in rural Area they have many such difficulties faced. In rural areas, people don't have a knowledge of different online Apps for accessing and maintained their lifestyle. Many of them. They don't have their account they face more difficulties.

Thank you.

Hi, this is Yash,

Demonetization is the most happening factor present in India. Our Indian government has finally made a cult decision by banning currency notes to reduce black money transactions. Maybe, it's a good thing to hear initially but later on, many problems faced by common people makes us think: Is the step taken by our government is good or bad? The higher and lower classes faced problems to some extent. But the middle-class people suffered a lot due to the limited exchange of money, insufficiency funds for daily expenses etc. Finally, the government had released a new 2000 rupees currency which has been never before. Thus, somehow common people's troubles come to an end and the upper classes people started facing difficulties with their black money.

In my point of view, demonetization is a good step taken by the government it is definitely helpful to India to become developed country from developing the country and it is very helpful to decrease corruption in India. But for the demonetization common people's face lot of problems than the black money holders because for withdrawing money they wait a lot of time at ATM centres. It will apply for every five years it will definitely useful to decreasing corruption.