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

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.

Hello everyone,

As demonetization is the biggest change happened in this year by honorable PM Narendra Modi. This step was actually taken to reducing the black money from the country. And most important to move the first step towards reducing corruption.

Although, its a very good thing decided by the PM but somewhere it was not properly planned. It hampers the common people more than the actual black money holders. Common people suffered from many problems in exchanging money. And as the middle and lower level people generally carry 500 or 1000 rupees note. Exchanging of these notes with 2000 not only affect those people but also government faced huge amount of lose in printing 2000 notes.

In other side, there also no result if found of it. Most of the ministers, corrupted leaders or businessman again saves themselves from the Money and by using some wrong ways. So for that time it has adverse affect that it enhances corruption.

I am against demonetization. The idea was good but implementation was not up to mark. Think about the daily wages labour class people. What difficulty they had faced because people are unable to pay them and India is having a 65 % of its population in a rural area so who is going to teach them these bank rules. Thankyou.

Now we discuss on demonstration.

Government taken the good decision to stop the corruption. The middle class people are suffering more than compare to rich people.

The people are going to bank and standing in queue for whole day to exchange the money.

This is a big topic to be discussed like its name. Demonetization had done on 8 nov 2016. It was a sudden announcement by our Hon'ble PM after that all the 500, 1000 rupee notes had banned. Demonetization was a right step for the black money holder as most of the black money becomes white. But there is an advantage and some sort of disadvantage of everything so demonetization also caused many difficulties to the common people regarding cash withdrawals. But overall it was a white revolution.

I truly support this statement. Demonetization has affected common people on large scale. Common people are suffering because of the lack of money. Most of the common people in India use only cash and they are not really good with banking services or electronic payment systems and they are not well educated about all these. ATMs are getting dry, people are really frustrated and they don't know what to do. More 50 people have died so far. We all can clearly see that demonetization is affecting common people only.

Demonetization is affecting common people more than black money holders. But it is a good step for the future. This not to be able to stop the corruption but it will reduce it. Here common people suffering lots because they are stand up in line in front of banks, ATMs and post offices. Because govt kept the limited time to convert their old currency. At the other hand, black money holders sitting their homes and they are converting their black money by giving a commission to poor people or bride to banks employees.

From my point of view, demonetization is a good decision, but its result is not that much good because as we see that most of the common people died and most of them commit suicide so its impact was very bad and the black money holders are changing their money from different ways and all the commoners are suffering.

Demonetization is an assault on corrupt people. Corruption is the biggest obstacle for the eradication of poverty in the nation.

According to my point of view, the approach which was taken by the government on 8th Nov called demonetization is one of the best methods to hold the command on black money holder.

Yes, I accept that due to this step common people were affected as much as black money holder. But this is the fact that common people are in trouble for one or two months but on the other side, black money holder will suffer a long time.

According to RBI information, they have been destroyed approx 12% black money.

As we all, know that no one gets the best result without facing any difficulties.

Demonetization is considered as PM Modi's surgical strike towards corruption and black money. It has helped in reducing the corruption to some extent but has not become so effective as it promised to be at the time of its origin. The people who supported this act initially started cursing it later on due to the inconvenience caused by it. The government has not given a clear idea or the result of demonetization in reducing the corruption, but we have a clear picture of how it affected common people in their day to day life, how people suffered from it and also government should have come up with the proper planning of handling the outrage situation before announcing its decision of demonetization.