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

In my opinion, Demonetization is a great initiative taken by the government of India and it definitely reduced corruption at certain extent but for this, each and every citizen of India has to put their step forward.

But in another way, due to demonetization there may be a reduction in black money but after demonetization again there are corruptions, black money is going on. I think first of all government has to eradicate the way of growing corruption by giving more initiatives to have a proper income tax evaluation.

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.

Jai Hind everyone,

Demonetization means modifying the current currency in the form of a new currency. Our honourable prime minister Narendra Modi announced demonetization on 8 November 2016 and said the notes of 500, 1000 invalid.

It was a good step to destroy corruption and control black money. It also affected terrorist activities. Many people hide a big amount of money in their houses illegally which is called black money. Demonetization was good for the development of the country but it affected the big population of middle-class people. People had to face a lot of trouble in the process of exchanging their notes. It also affected the GDP of our country. Demonetization also increased digital payment across the country.

At last, l would like to say that every coin has two sides so demonetization had also both negative and positive impacts on our country but from my point of view, it was a good decision to eradicate corruption and black money.

Thanks.

Sudden decision by govt. of demonetization is a great blow for common people because people like daily wages labour, rikshawala got a big blow.

Lines in the ATMs and lines in the banks are affecting common people more.

As we can see that many people have died in the bank lines.

Infect we did not heard about any rich people who was stand in the bank lines.

But at the same time, we can not refuse that this is a very big and good decision against corrupt people.

It will reduce tax evasion, children trafficking, fake currency circulation.

In short for long term benefit we must face short-term problems.

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.

Hi, even after the demonization is done, still we are facing the problem, there is a lack of cash in ATM and people have to go to other ATM. Banks are also not of much use, and the common people are still suffering. Even if try for digital payments, we face lots of the problem, and common people are not aware of digital transactions. We cannot go totally digital, as we need cash to meet our basic requirements and to make small payments. Hope the things get back to normal as soon as possible.

In my opinion, Demonetization is a bold move taken by the government of India and it definitely reduced corruption at certain extent but for this, each and every citizen of India had to contribute and in another way. 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 affecting to the common people but they will get benefits from it in the future.

Thanks.

Whether Demonisation decisions good or bad we haven't any logical idea but one thing is sure that in the demonization our poor and middle-class people were in trouble actually they hadn't any black money or any corrupted money. Second thing is that those people who have black money only 35-40 percent had exposed rest all is safe that is not fair to us!

This is one of the most debated topics today. The effect of demonetization affects every people. But the severity of this affects mostly the black money holders. Common people feels difficulty in exchanging money only. But the media use this situation for their benefits. They concentrate more on the people waiting in the queue for a long time in the bank. They also broadcast it every time. This changes the mindset of the common people. So we get the news that they face more difficulties. There will be some difficulties in everything. But the impact of this is larger on black money holders. We the common people should co-operate with our government. If we ready to walk on the way of thorns, our future will be bed of roses.

Hello, everyone.

In My point of view, demonetization is affecting common people more than black money holders. Common people are stands in a queue in bank I day of summer. Heard some people are dying by stand in a queue. I think there is no reason behind demonstrations because there is a loss of the nation. Now days there GDP has been less than previous and black money holder exchange his money by other hand give tax and change money no black money are stored in government stock and some money are stored in government stock that is not distributed with people.