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

Hello every one!

Before starting the discussion, let us understand the meaning of demonetization. Demonetization means current money is being scrapped and it is replaced with new currency or coins.

In India, demonetization move was initiated by our prime minister Mr Narendra Modi and was bought into force on November 8 2016.

As a famous proverb says every coin has two faces, even this has its own good and bad. The main aim of demonetization was to remove black money and to reduce the corruption.

To some extent black money flow was controlled. But more than advantage they are disadvantages. Many common people especially farmers and and ages old people, they have to stand in the long queue to exchange their old money with the new money. Some rural areas don't even have banks to exchange the money. People where not were not able to buy even the basic neccessity. Due to this even the gdp is also not increasing. Although this is a very good move but it should have been executed in a very planned manner so that common people are not facing the difficulty.

For middle class and normal people, I would say it is No, It's not like just changing clothes but somehow corruption can be reduced. Whenever our respectable prime minister Sri Narendra Modi has announced that the central government is banning the 500 and 1000 rupee notes all Indian people were shocked and they were rushed to ATM centres but ATM's are already closed on that evening. People were struggled to wait in a long queue at ATM centres and at Banks by leaving their daily work but we didn't see any VIPs and big business magnates in a queue. So banning of 500 and 1000 rupee notes were most affected to the middle class and poor people only.

The Government wants to see "Cashless economy" but the public have seen "Cashless ATMs" and instead of introducing small denomination notes government has introduced big note such as new 2000 rupee note. This makes some VIPs, to do more corruption such that instead of carrying more number of smaller denomination notes they are hiding less number of big notes. For those people, it is just like changing clothes.

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.

Hi friends.

The intentions of our government behind demonetization was pure and true. But their planning, implementation, and consequences were not up to The mark. This was the reason of the failure of government on the mission of eradicating corruption.

Demonetization affected both common people as well as black money holders up to some extent. But common people was the one who affected more than black money holders by demonetization.

First of all, the rate of rural people is more than Urban people in India, and there is no or little internet facility in rural areas. Also, there was no awareness about a digital system which caused a lot of problems for poor people.

Common people had to wait in long queues from morning to evening and then also there was no guarantee that if there was money on their Palm at last.

Whereas black money holders used their servants and laborers to change their black money into white by standing them in long queues in place of themselves. It may affect common people's time, health and their work.

Thank you.

Demonetisation, in my opinion, had adverse impact on people of India as well as the Indian economy. Sudden withdrawal of higher value currency has lead common men like daily labours and small business very hard to meet their daily bread. Many times many people fainted by standing in such a long queues and even a count of 50 have been reported dead.

How come this government is so cruel? And the reason what our PM found was that to eliminate black money. We need to stand in long queues to withdraw the money that we earn only through hard work. Those people out there like Ambani have come up with lewd intention and have made his black money white by cheating common people in name of Jio sim he is a fraud and is depositing amounts in Jio users account by linking their Adhar cards and hence creating accounts but these people and youngsters out there who don't know about this are still being fools. Still, now many people are facing these problems. And the Indian economic stability has fallen due to this stupid process name to be demonetisation.

Hi Friends.

Everybody has written good views over demonetization. I appreciate our PM initiatives against black money and corruption from the country. Friends our respected PM has also urged the people of the country to come with us for this operation and cooperate us. PM also told on 8th Nov 16 with the help of the people of our country we definitely resolve this issue. He also told common people of our country will suffer initially but when the matter of reducing corruption and development of country Indian people will face difficulty for the nation. I also want to say that India will take a time to Digitalisation but it is not impossible.

People of the country could sacrifice and can stand in queue for 2 to 3 months for the development of the nation.

As we know that this is the land of brave. I also suffer and stand in queue whole day by taking hope India will be developed, corruption free and digitalize one day.

I also thank the common people of our country who suffered during demonetization.

Thanks friends.

Hello, friends.

The decision of Demonetization was taken by our Honorable PM on November 8th After this all currency notes of 500 and 1000(earlier) were declared as illegal many facts has been given by ministers and RBI officers that this will be helpful for our economy in longer way let's discussing all pros and cons one by one

1) Stone pelters who were pelting stones on our soldiers were stop after this decision that clearly indicates that after this decision fake cross border fake currency exchange stopped.
2) people of our country and bank officers did hard work for the completion of the reason behind this decision.
3) cross border terrorism reduces.

Now, as India is a very large country not only by its area but also due to its population so it is difficult to implement any decisions

People in the villages suffered a lot due to this decision might be government could implement this in a more planned way.
This decision affects our our economy for short time period but in a longer way it will be truthful.

Demonetization was a very bold and gutsy move that has been taken by our prime minister Narendra Modi on November 2016. That was done in a very planned manner so that the common people do not have to get very much affected because before this decision he has started a campaign to give every Indian their own bank account. The common people who work on the daily basis was much affected by this decision because of the lack of the cash in the market. In our India common people are very afraid of the incidents like looting and theft so they don't keep cash in their home for those fucking looters.

The people those have had black money in the form of 500 and 1000 notes currency were most affected by this decision because neither they could deposit the money nor the could reveal that.

After this decision the stop pelting incidents, Naxals attacks in our nation were at its lower stage. After this, around 657 Naxal groups have surrendered because of the lack of money. Around two lac crores, black money has been revealed.

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.

Hello everyone, myself Asmita Mondal.

Undoubtedly demonetization is one of the biggest step taken by Indian government to bring up the black money, and there is a great impact of it in our social economy.

But this step is taken all of a sudden and without any proper planning how to handle the situation after banning the 500 and 1000 rs notes. For this reason the poor middle class family had suffered a lot. There were never ending que outside the bank's and ATM's during the whole November and December months, . The people stood up on the que leaving the works. As there were no sufficient cash in hand they couldn't buy household things. And as that was a wedding season, and there was a limitation of withdrawal of money the families had faced lots of problems. Many old people had died due to the heavy rush in ATM's and banks.

On the other hand, the black money holders were exchanging their money in many unethical ways. So according to my opinion the govt could be handle this situation in a more mature manner.