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

The demonetization was introduced to abolish the currency notes that are currently used in the economy. The demonetization has adverse effects on the common people rather than Black money holder's since the common people do not have enough backup facility to cope with the sudden changes. The commoners have to stand in queue for hours to get our old notes changed and at that particular time, only limited notes were available. So this caused a great chaos among the societies. Besides, the Black money is converted into various assets like jewellery, land etc. They will not suffer for their everyday needs like common people.

People have to stand in long queues to exchange their currency. The people who are in remote locations will have their savings in their home pose a major problem at that time since they can invest only 2L in the banks. So the common people will be more affected compared to the Black money holder's. The black money holders will find any other way to convert their Black money to White. The government must ensure to protect the common people before this kind of revolution is passed.

Hello, all this is Nandy.

I am not in favour of this that demonetization is affecting commen people more than black money holders because it's very simple that those who have white money they can eailsy exchange they money however those who have black money holders first of all they will not sleep at all all the time they will keep in busy that how will they will make there money into white but common people they will face some difficulties like standing in long queue or to exchange there value but in the end they know this thing will really give them some benifits in long term not might be in short term that will find results but definatiley.

Hello friends.

Today's our discussion topic is how demonetization affects common people more than black money holders.

According to my opinion, demonetization, effect both of them common people as well as black money holders but more effect of demonetization is on the common people. Everyone standing in the queue and only for to change their banned 500 and 1000 notes. But if we discuss black money holder they are is in their house and try to exchange their money. And 70% black money holders change their money and turned white. During this exchange process, we see that and listen to commission agents. This is the disrespect of our currency. And some states literally sell old 500 notes worth rupees 400 and 1000 notes in 800 rupees. It means people helpless to fulfill their needs and due to long queue in banks, they do not have sufficient time to exchange their money. And the tourist who come to visit India they all are stuck in this period and they are unable to enjoy historical places. Another thing is daily wages worker does not get their salary and they are also facing lots of difficulties. But black money holders stay in their homes because they already have enough money and reputation to purchase any product to fulfill their needs from the market. My conclusion is an effect of demonetization is more on common people as compared to the black money holder.

Hello friends.

It's well known by everyone the condition of our country, 80 Rs. Of money are under the well-known celebrities, politicians and black money holders are also one of them and only 20 Rs. of money for the common people.

Yes, this decision affects common people but the common people have to understand that this decision is taken for them only, for their goodness. We can't expect change in one day it should take some time. Today common people suffer from this, but their today's difficulty give them a better and brighter future.

Now for black money holders, they are mostly affected people because they have that much money we can think. There is no way that they exchanged their whole black money into white money.

So it's a bold and appreciable decision taken by our government for the wellness of common people only.

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.

Behind the demonetization drive, the main aim was to minimize the corruption means minimize the no of black holders,

Demonetization has definitely affected middle-class people and poor families but in the short term only. While black money holder are affected in long term. In day to day activities and where they have to attend a marriage function and to organize special events or to build a home where one has to pay daily wages to a labour in cash. In all these areas people are much more affected in day to day life than black money holders. Demonetization basically occurred so that govt can have a good amount of black money and much black money holders are caught also due to it. And a large money has come to government many black money holders have do not put money in the bank and they ultimately have to waste his money.

And much black money holders went a sleepless whole night with the fear of getting caught in the eye of government Many 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 not affected. They recovered their money back in form of new notes.

After the 4 months when the cash has flown in the market common people, got relieved but black money holder did not as they did not exchange money. And whatever the efforts they put into earning that entire money their efforts and all struggles got wasted. So black money hplders got a great lesson to not to cheat the country and when govt has got money from they can utilize for common people.

Firstly, Demonetization is a good idea to get rid of corruption, The Government has implemented without a proper plan !so, it doesn't have any impact.

I feel demonetization has affected both the common people as well as the black money holders.

For the black money holders, the news gave them jolts as they got worried on what to do with the surplus, unaccounted hard cash they had. To be accountable for this wasn't an easy task for them.

Coming to the common people, the people who paid their taxes on time, had majority of their hard-earned money in banks, the initial days after demonetisation was no less than a nightmare. Banks being closed on the initial 2 days, those endless long queues outside the ATMs thereafter, hardly any money to make small transactions brought life to a standstill for them. While the educated class still managed to carry forward their lives using digital transaction, we are forgetting that majority of India's population is still illiterate and are unaware of such online facilities. The daily wage workers did not have enough money to make their ends meet for days. The ATMs ran out of money the moment they were filled with it. The elderly people, who had their life-savings in hard cash, were left worried with what to do as they feared the consequences of depositing these large savings in bank accounts.

Overall, a bold, appreciable move by the government but poorly executed.

Hi, I m Vaishali.

I think that demonetization affect the poor more than the black money holders. That black money holders convert their block money into white by investing in different ways or by many wrong ways. They buy n different shares to invest their money but the common people have to face too much problem, they have stand in queue for changing their notes but no black money holders do that. Poor people who have no 100 or 10 or 20 rupees notes are not to buy anything n the shopkeeper also enhance their prblm by not helping them. In every field only the common people have to face. No black money holders are in the queue for their notes but common people do that. In my opinion, demonetization affect the common people more than the black money holders.

Thanking you all.

Hello, guys.

Demonetization decision is correct but its implementation is wrong because rich people change it currency by giving percent tax and they also change currency and common people are going to the bank and standing in a queue for getting cash. Black money holders are changing his currency without paying tax.