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

Demonetization is affecting both common people as well as black money holders. But common people affecting more than black money holders. Common people have to face so many difficulties like they are standing in a queue for deposit as well as withdrawl of their money and also many those people who have no bank account, they have no option where they change their banned currency. Various small retailers are also affected, their sales fall down, pitfalls in resturant 20-30% etc.

As per above, I said that demonetisation is affecting black money holders also. They are also facing difficulies in conerting their money. If they deposit their money in bank, then they have to pay higher rate of tax. The news telecast in tv, various rags full of money found in river. Black money holders have no option to covert their money so they thrown their mony in river.

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.

Yes, indeed it was a bold and impressive decision by our PM. Initially it showed some hope to get a country which we dream to live in based on honesty and Loyalty. But soon it was reflecting no such positive outcomes. The main aim was to remove the black money prevailing in society on large scale but it could not do so. The high class people have managed their black money in bank through some middle man who used to deposit their amount in bank rather they also distributed their amount to different members of society with some benefits to they. They have easily converted their money in white money. So, basically our government could not succeed in this stage. As a result they started digitallasing, here poor people who have poor connectivity could not utilise this. They are still the sufferer. But still hope is there to improve in this field.

Good morning friends.

The motto of demonetisation in India was to weed out black money from every corrupt individual but we all know that common people in India is hardly earning it's daily livelihood they must be remaining unaffected but they were the most to be affected as they have to stand in long queue in order to get some cash to manage their day to day activities.

While corrupt people's are also affected as they have loosed their black money but they are not suffered a lot as they have found other ways to turn their money into white. While most affected people's were rural people's who were unable to understand what has happened to their country suddenly why their currency has become unacceptable suddenly. I think demonetisation would be more effective if gov could have saved the common public from suffering from its impact.

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.

Demonetization affected adversely on common people because people had to stand in front of a bank for exchanging or deposit their money in the harsh sunshine and many people don't have a bank account so this thing also cause so much unconvinced to common people. Everything has its own advantages and disadvantages so along with advantages of Demonetization, there are few of disadvantages like black money holders had created a new black market for saving their money. Recently news came into the picture that this time there is a huge increment in income tax returns so it's showing that government has got a success by Demonetization.

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.

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.

Hello,

I respect everyone's comment here but I believe that there was a great loss of people in our country due to Demonetization. No doubt that demonetization is a great revolutionary thought which is for the welfare of Indian public. I feel that definitely demonetization will be a great change India ever seen but yes no rich person has been died because of this movement only poor people suffered a lot.

I know we respect our Prime Minister and have full faith on him as he really did everything for the common man and for everyone's welfare but I can't forget common man contribution towards demonetization as everyone supported our Prime Minister.

I feel that all the common man who died because of this are not less than Martyr. We should respect them too.

Salute to all common man! actually, they are real hero of India.

Definitely, Demonetization affected on common people. Our Government started Demonetization for Black Money, but now it's come to cashless India. Even as per survey 15600 crores money should be deposited in bank but only 15400 Crores money deposited in bank. So where is remaining 200 crores rupees? That mean till now also there is black money holder. In case of cashless transition, how can it possible in rural area where ATM are 5-6km far from village, and what about uneducated people. And one of the most things is what did you saw any politician or business man in queue of bank. Only Rahul Gandi seen in queue only once but at that time only we can withdraw only 2000 Rs. Even I went in ATM more than 20 times because of Long queue and sometimes cash was not available, so how can he satisfy only one time stand in line.

Hi.

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

No doubt the common people had to face lot of troubles like waiting in long queues in front of ATMs and in the banks in order to withdraw or exchange their money. The first two days were a nightmare. But the black money holders were equally affected.

Black money holders tried to convert their money into white by buying gold, diamonds or by bribing bank officials nd poor people. But govt also made such stringent rules that their money just became garbage in the end.

They had to throw it in the pond or dustbin.

So overall the common people were affected but for a short period of time but this bold move had a deep impact on all the black money holders as now they will think twice before practicing corruption.

Thank you.