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

I appreciate that everyone has his own point of view about Demonetization but coming to the topic Demonetization is affecting common people more than a black money holder answer is no. According to me, it is a great initiative taken by the Indian government to reduce the black money, however it also great impact over the common people to make queue over the ATMs and banks but for the great future, they cannot suffer for one-two months? its is like short time pain but long time gain for common people. Because Riche people becoming more richer and poor people becoming more poorer. Because rich people can't paying the tax. By which government increases the tax on daily uses product by this a great impact over the common people for buying the product. Coming to the topic By Demonetization play a key role to reduces the corruption.

Hi,

According to my opinion, Demonetization was the good step for reduce the black money but it was affecting common people more than black money holders. While millions of people have been stressed over queuing up outside the bank and ATMs for their regular transaction. Common people struggle to get their own hard earned money withdraw and black money holders who funds the terriosst are stilk free and exchanging their money safely without any problm. Some people who run small business but unaware of digital banking are ones facing the biggest problem.

So, Demonetization is affecting common people more than black money holders.

Hello everyone.

Demonetization was a step taken by Honorable PM Narendra Modi on 8th of November 2016 for taken out black money from holders and also it related to the welfare of the people. This is really shocking news for all of us urgently we need to deposit all 500 and 1000 notes in banks there is a limited period for depositing money.

Who has black money are in danger they have black money in crores they find various ways to convert black money into white money.

Innocent people are not as much afraid of this decision because they pay tax time to time they face difficulties at the time of depositing money. They had to stand in a row for deposit money in the bank and it has taken lot of time. At the time of money taken out from the bank from ATMs, it takes also a lot of time.

All people have suffered innocent and black money holder also but innocent people were happy about the decision they thought all black money are out so there are an improvement in facilities provided to them.

This decision was short-term pain but it gave long-term impact on black money.

Demonetization was no doubt a very great initiative taken by our pm but it was not implemented the way it should have been. Its main aim was to curb the black money out of people's pocket. But most of the rich people were able to convert their illegal wealth into white money with the help of their links with the bank officials. Also, depositing some of their money in the bank a/c's of the middle class and lower class people and giving them their part after demonetization helped them further. It affected common people more as they had to stand in queue's to get their money exchanged. As soon as demonetization was implemented all the banks and Atm's went out of cash which made it even more difficult for the public.

So, I think it affected common people more than black money holders.

Demonetization is a way of defeat the corruption. But it does not executed well. Actually, most middle class and poor people affected the most. At the time of demonetization, people did not aware of that news, so many people do not have money in their hands. They need to dispose their old 500 and 1000 notes and move on to a new notes. Everyone stood for a long time before a ATM. Their plans have been destroyed. Many people who kept marriage had been definetely keep their money in bank. At that cruncy suitvation, what they will do, they need to perform the marriage, where he/she go for the money. Suppose next day is the marriage, he needs to stand in ATM queue? There is also restriction that only limited money can be taken in a day. At that time, what he will do? Common people are also important. So government must think of them and act. Thankyou.

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.

Yeah, It was the good step I appreciate it too. But think it from the other side like I am not against of any political parties or not in favor of anyone.

Actually on the 8 of November 2017, we were not celebrating the new era of the Indian currency but actually, we were celebrating in those Innocents those who were died in the queue.

There was no trouble for the rich ones but actually, the poor ones and middle ones get in the frustrating trouble. One of the BJP candidates had been caught with around 2 crores of 2000 new notes. And many more.

So according to me, it was the most foolish thing that government had done.

And according to the survey 99%plus notes has been back to the TBI. Then what was the use of demonetization?

And the last thing.

If you want to stop the black money then why you can't write the expiry date of the notes.

From this notes will in the flotation which will increase the economic condition and through this, no black money will also be there.

Of course, Demonetization is a good step taken by the Indian government to remove black money, terrorism and also a fake note of 500 and 1000. I would appreciate this step if it's execution was correct. Actually, it is a sudden step taken by the Modi government. People did not prepare for it. Thus they were suffered a lot. A long queue was made by people in front of ATM or a bank sector by leaving their important work for just a sake of a change of 100 bucks. Many people died due to stand in queue for a long time or by stroke etc.

A lot of people don't have any money at their hand for their household. They faced these kinds of the situation during whole November and December.

The main aim of this step is to remove black money but there still are a black money having in this society. Even a lot of fake note also arises of 2000, 200, 500 after publishing it.

During 2 months, this step impact on common people like a storm by which they suffered a lot. Black holders can make their black money into white by the unethical way because they have many sources who help them to do this. But what about common people.

According to me, Demonetization effected common people more than black holders and the government might take an more efficient way to execute this step properly.

Demonetization causes problems to poor and middleclass people because rich people can transfering their money through politics so poor people are suffering by standing near banks and wasteting their time.

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.