Essay on positive and negative impact of ban of Rs500 & rs1000 in India

Free 509 words Essay on positive and negative impact of ban of Rs.500 and Rs.1000 in India for school and college students

One of the shocking decisions taken by our Prime Minister, Shri Narender Modi that came into effect on November 8, 2016, late night. This day became the shocking day ever seen in history of the country like India. Let us have a look at the positive and negative impacts of ban of Rs.500 and Rs.1000 notes in India.

Essay on positive and negative impact of ban of Rs.500 and Rs.1000 in India

Read Also : Essay on Impact of note ban in India ?

Read Also : Essay on positive and negative impacts of cashless economy

Looking at the positive side of ban of Rs.500 and Rs.1000 in India first:

  • Black money holders would be the most suffers. This ban put by our honorable Prime Minister to grab back money from the country would impact black money holders who were living their life peacefully earlier without paying any taxes.

 

  • Will put fake currency note on hault. Our market is flooded with the fake currency notes mostly of Rs500 and Rs1000 and most of the fake currency notes rackets will suffer from this ban. But we know they are smart enough and soon move to preparing fake currency notes of 2000 as well.

 

  • Impact terrorism:- According to our Prime Minister, terrorists are governing our country and many other individuals who are linked directly or indirectly to them. All of this is done through the fake currency. This decision will definitely impact such terrorists.

 

  • Impact on corruption:-This move taken by our honorable Prime Minister, Shri Narender Modi would reduce corruption to a considerable level.

 

  • Impact on Election: – All of us are aware of the false strategies played by the politicians at the time of Elections and all thanks go to the fake currency or Black Monet they own. This ban would force all those politicians to showcase their financial status if they really want to convert their money to white one.

 

Moving on to the negative Impact of ban of Rs.500 and Rs.1000 in India now:

 

  • Inconvenience this ban is causing to the people:-Since the ban was imposed just a few days back, it has really become a difficult task for the common man to survive on notes of Rs.100 only. Surprisingly, after the implementation of this ban, banks remains closed for public service and it caused inconvenience because people who have least amount of money found it difficult to survive in those days.

 

  • The Common man will be affected directly: –There are many people who are not aware of the difference between the fake and the real money. Now banks would simply refuse to accept fake money and such a kind of people who unintentionally own the fake money would suffer a lot.

 

  • People who deal only in cash like wholesalers, retailers, garments shop, merchandisers would suffer a lot due to this ban. Real Estate Industry would adversely be affected.

 

Wrapping up

This ban is a shocking news that came as a surprise from our Shri Narender Modi but definitely it is a positive move to remove corruption and black money from the country. People who are or have faced inconvenience would settle down soon and all of these problems would be resolved at a faster rate.

 

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90 thoughts on “Essay on positive and negative impact of ban of Rs500 & rs1000 in India

    1. Abhijit

      you’re right. But only the next election will show how it went down. Looks like the people who are suffering still support it. But it may not be so funny if they are still short of cash in a week’s time. As of this instant, it’s hard to say which will happen.

      Speaking broadly again, it will be impossible for Mr. Modi’s processing infrastructure to process the outcome of the data required to address any evasion, except taxation by the institution in which the money is held. Prosecutions are likely to be impossible, given the burden on our judicial infrastructure.

      Overall, I agree with the article. And the execution has not gone well enough so far. But the goal was good, if only it can be achieved by this effort.

      Reply
    2. mauricesarri

      The problem is income tax itself. Why tax good economic activity, providing goods and services people REALLY need, enough to pay their own money for them?

      What should be taxed is use of assets and resources. You extracted that ore or oil you did not put underground – pay for it. You use the land you did not create – pay for it. 0 income tax is totally possible, and would bring huge economic benefits. And non-renewable resource taxes will put a permanent incentive to reduce their use, which is not subject to periodic price drops to kill all competition (like Saudis do to kill off new energy companies).

      Reply
    3. Carlshen

      ile of black money they should be nailed and braught down. I’m happy even though i have to wait for an hour n a half at the bank. Yes people have suffered no doubt, but such a bold step is needed in our country because if any new law is discussed and passed people instead of trying to accept it they start challenging it and find a way to counter it (common dialouges: yeh sab dekha jayega, iska bhi tod hai humare pass and such other slang)
      For such people such sudden rules fall flat and is extremely effective.

      Reply
    4. rajat

      On balance I don’t think the comment author truly understand the enormity of the problem that India faces. Normdo I think that their opinion necessarily has more credibility than the Indian intellectuals who analyzed and proposed the solution to their own problems.

      The time is over when a western perspective is automatically right.

      Black money including counterfeited notes have been a cancer, enabled enemies of the state and held back the Indian economy.

      The hypocritical failures of economic policy as evidenced by the 2008 recession caused by corruption in US companies and the Government can be brushed aside to scam the common American person and yet those very apologists hand wring about solutions proposed by other countries due to hubris and arrogance. Whatever the outcome, it cannot be worse than the mess Greenspan, Goldman Sachs and the US govt made by dismantling the Glass-Seagal Act.

      Reply
    5. Sabkaa

      Jumping the gun is as bad as jumping the Q, especially if its for changing the currency. But what if its for changing the country? I believe that we are not looking at the whole issue in right perspective. Change in a country of ours size, which is seventh biggest in terms of area with second biggest population globally, has always been difficult. Nice thing is that a politician at the level of PM has taken the initiative and rest assured that the ever adjusting and innovative Indian minds will do the rest. As far as Opposition of Indian parties is concerned, poll results of 2014 have already shown them the reality. A leader shouts in Parliament and dares PM to go for fresh polls, who did not even get a single seat in last elections. Its time to change and change now.

      Reply
    6. Nur

      A simple question.
      Are Modi and his advisers/cronies fit to lead and uphold the trust bestowed on them by the people? It’s one thing to fight corruption and the like, it’s another thing to disrupt the economy and the everyday life of the people. The wisdom: LOOK BEFORE YOU LEAP! :=/

      Reply
      1. truth

        Modi is doing exactly what the people put him in power for! The step of demonitization is only being criticised by those who either are hoarders of ill-gotten assets or those who cannot bear the sight of a progressive India!

        Also, it is convenient to blame Modi and his policies from the comfort of your home in Pakistan! Even the poorest in India are willing to bear the short-term inconveniences for long term stability!

        Reply
    7. globalv

      This was a great move by government to get out the black money which almost run as parallel economy and ruins everything. And, replacement of these currency with new currency is no big deal. All the banks are working fast.
      There is no short cut to control corruption.

      Reply
    8. Spark

      This is an awesome essay. I’m from India and what is explained in this essay is so true. I was just wondering how could you write like this – whatever we are going through is explained in the essay and in the comments. The government was doing this blindly without having any kind of technical knowledge of it. None of the exceptions were handled either. The market or the business is totally crashed.

      Reply
      1. browneyes

        Except that you are wrong. The Sensex has not crashed. It’s up 450 points today. And mobile payments are ramping up like crazy. If it’s bothering you, that’s too bad. The government has already announced it’s intention to do MORE things like this. It is expected that people in the elite who stand to lose billions of dollars will complain. Among the common people, approval is extremely high and that’s all the politicians care about.

        Reply
    9. Seema

      after 16 days, Modi has only replenished 10% of the money out of the 86% of the currency he banned on 8 November.
      So India is functioning with about only 20% of currency compared to what it was doing before 8 November.

      Reply
    10. Seema

      On 8 November the Government of India by notification issued under Section 26(2) gave Indians until 30 December to exchange the banned bank notes at banks for the new currency. Today at 8 pm, after banks are shut for the day, Modi declares that this will not be allowed after midnight tonight. So the Government now goes back on its own promise.
      Is this a government of sadists?
      I think the Supreme Court of India needs to step in and stop this farce and it must stay the Narendra Modi demonetization measure.

      Reply
      1. truth

        Only thing I can’t tell from your comments is whether you are from Pakistan or are a paid Congress party troll! Either way, I am totally enjoying the pain and discomfort of anti-nationals and black-marketers who got little time to move their cash befoee it was declared worthless!

        Reply
    11. Seema

      Modi’s demonetization pain for gain has caused at least one death from stampede in a bank queue and innumerable cases of bank customers being gratuitously beaten up by the Police . As I said in an earlier comment, please view these videos on YouTube. Modi’s demonetization has already in less than three weeks caused 4 lakh job losses.

      Reply
      1. Ramaswami

        Unlike the common legal practice of leaving several criminals free instead of convicting an innocent, the people of India have come to a state of mind to accept some short pains to save the next generation free from these evils. And for India to do so, the country has got its rarest opportunity and determined Prime Minister. Hopein the days to come other major nations will also follow suit. May be the process is bitter and bit costlier. When the disease is wide spread all over the body and is life threatening, certain bold measures are inevitable and this is the first step in that direction.

        Reply
        1. Seema

          People have died because their family members had no cash to pay for medical treatment. They had Modi’s old banned bank notes but were unable to get the new currency.
          People who refuse to die like this are anti-nationals in Modi’s world.
          Sarcasm alert.

          Reply
    12. Vilhelm

      Reading the comments, I am amazed to see how the main reason about the cash-ban politic is steamed away by a so called “war on corruption”… The main world problem is that people are hoarding money: it kills transactions, it kills the economy and it kills the banks. The middle class was devastated by globalism since its benefits went mostly to an “elite”. Trust in governments is slowly evaporated, national debts that are piling up like never before and a new crisis is on the corner: this time, it will not be like 2008 and people are feeling it. To force money out of the accounts, some “office genius” came around with the negative interest idea: it did not work where tried, as it pushed people to retrieve their money and hoard cash! In every country those negative rates was tried, the selling of personal safes exploded. So the solution the “office genius” came with, was to ban cash. I quote Martin Armstrong since he´s setting his finger on it “…people like Summers think they can force GDP growth by punishing people with NEGATIVE interest rates if they do not spend money. ” … “He will never admit a mistake and since his NEGATIVE interest rates has not destroyed deflation but encouraged more with people hoarding cash, he is now advocating ending cash to prevent hoarding and then hopefully his idea of NEGATIVE interest rates might work.” There you go: it´s all said. So when cash is gone, be ready to be savagely plundered with negative rates. Then and only then, will you understand which kind of freedom you had and which you lost! For sure, black money is a problem but do you really think that the black market will disappear when cash is banned? No: it will not. It will continue with foreign banknotes, silver, gold, goods and I even expect the “mafia” to print its own money. Humans been exchanging solid stuffs from hand to hand for ages: we are not ready to go fully digital since we need contact with things to appreciate real value. Good luck to India!

      Reply
  1. sorav Post author

    Stop issuing 2000 notes. We must look at increasing circulation of Rs.100 & below denomination notes. In next year or so we must stop issuing new 2000 & 500 series notes which will help us in getting closer to becoming a cashless economy.

    Reply
  2. naresh Post author

    This could perhaps have been done earlier. anyway where are the rs.20 and fifty notes in circulation. where have they gone!!!!why cant they release some hundred rupee notes at least in a shortwhile.

    Reply
  3. sona Post author

    Actually banks have exhausted Rs.100.00 notes including the entire stock of soiled notes. Rs.100.00 notes are more needed than Rs.50.00 and Rs.20.00 notes.

    Reply
  4. biz Post author

    Why not Coins ? Coins have a much longer life span, whereas paper currencies get soiled very quickly. At the same time, admittedly to carry coins in a wallet is difficult .

    Reply
  5. rahul Post author

    Increase circulating small denomination currency notes than high denomination, so that common people can transact easily for their petty day-to-day needs.

    Reply
  6. jagdev

    Modi”d popularity has already gone to drain. He would have been popular if this demonetization would have planned and executed properly. What has done shows his education level and he blindly accept whatever Jootly and Gujju patel says. Everyday these people change the policy and experiment, Country cannot run like lab experiment.

    Reply
    1. saloni

      I think this is perfect plan ban on 500-1000 and modi ji is not doing this for getting popularity he take this for getting india better country setting in chair say that I am doing this and this can do any one you and me also but doing with action much better I think modi is the best and real P.M of India ever

      Reply
  7. GC

    I think this man enjoys the suffering of the people of this country. He enjoyed the death of 2000 people in Gujarat and now the immense torture of people everywhere. I hope he is not looking forward to the next opportunity to cause pain to Indians.

    Reply
  8. Anu

    Everything is fine Sir, but the planning could have been better to avoid 84 deaths. We, who are already using digital payments may not feel the heat but the poor or the elderly people who do not know what PAYTM is, suffered. India belongs to them too.

    Reply
    1. NONAME

      Most of indian don’t know the use of digital money. The 86 died in banks Q, think of those who died because of this in hospital or home

      Reply
  9. Lakmi

    i agree, its so difficult, the public had enough of this since nov 8, what is the govt doing fooling witht he common man ? why are the ATMs empty . the common people who have casted votes to you dont get things easily like you ,hope u understand ,next time dont beg for votes

    Reply
  10. R.K.GARTIA

    Let common sense enter to the grey area of the people who act as KUBER..
    Enough is enough.The world will laugh at BHARAT.
    2000 rupee is one of the most idiotic thing that has entered to human mind.
    ever since the concept of birth of currency.
    Governance is subtle.

    Reply
  11. sourav

    This Real estate Marked should be hit very badly due to demonetization as they hiked price in last 4-5 years like anything & actually looted money from Middle/salaried people. So now time has come for bleeding.

    Reply
  12. Pramod

    To stop black money date is mention on each note with 5 year validity, after 5 year older note is invalid according to exp. Date. Just like medicines.

    Reply
  13. rimp

    Incompetent RBI. The Governor is acting as the Government Clerk. He deserves to be dismissed and he does not feel any shame for the chaos.

    Reply
  14. ts

    PayTM should indeed be investigated. It is Chinese investor owned company and we need to find out how RSS/BJP or any of their unknown/known affiliates are involved. Why should PM become a model in the hand of a small private sector company. Is no government organisation capable of providing the same service – banks, BSNL, etc.

    Reply
  15. Rakesh

    This government should be soon shown the door – better earlier than 2019 if possible, through a no-confidence motion or something like that. As if rubbing salt to a wound and adding insult to injury, there is no mention what the long term gains are nor any attempt to quantify the same. It is all talk in the air with no substantive logic and reason behind the same. Government by whims and fancy should come to an end and governance by a team of good people should be brought the fore now.

    Reply
  16. RAVI

    Country is taking huge leap in digital economy .Our people in villages were kept out of banking & digital revolution .This move of P.M. shall educated all citizens of India in banking & digital process –WHICH IS UNMEASURABLE GAIN FOR THE NATION

    Reply
  17. BHARATBASI

    6 MONTHS IS NO SHORT TERM , BUT THE GAIN IS DOUBTFUL. THE RBI WILL TAKE MORE THAN SIX MONTHS TO REPLENISH THE TREASURY OF DEMONETISED CURRENCY NOTES .

    Reply
  18. AnpadNotFoolish

    I often wonder if Mr Modi thinks that everyone other than himself is a fool! Law of nature tells me that a vast majority of Indians can not be fools.

    Reply
  19. Kumarapuram Sadasivan

    It is reported in newsable asianet tv that the speech by The Dictator on November 8th was recorded much earlier but was telecast as “LIVE”. As per Modi,reportedly,he got permission from the RBI on November 8th,had a cabinet meeting by the next Hour. Please google for:-newsable asianet tv modi”s demonetization speech recorded much earlier than November 8

    Reply
  20. naminder_dhir Singh

    The Govt needs to take multiple steps to ensure that the battle against black money hoarders is taken to logical conclusion and culprits are caught and heavily penalized , especially the Big fishes including Politicians, Bureaucrats, Judges, Police heads, etc. The common public is fully supportive of Govt drive against black money , with a belief that crooks will not be allowed to get away. Anything less that that will be a HUGE letdown to Indian public !!!

    Reply
  21. Vishwas Kanade

    Let the Prime Minister first show the courage to take action on his MP”s in Loksabha and MLA”s and MLC”s who are found with disproportionate assets and caught by CBI and punish them under the Law, only then the people will trust you.else you can continue till 2019 when people will decide whether they want you or not.same would apply to the state govt in Maharashtra. The CM only speaks lacks action. He cannot take action against his own minister what justice can be expected by the common man.

    Reply
  22. Govindarajur Rajarethinam

    Instead of demonetisation, government has intensified the searches and raids in the suspected people as that of now made which will definitely yielded good results without affecting common poor.

    Reply
  23. Juhi Chawla

    Feku promised to create 10 million jobs & improve manufacturing sector. Both failed now turned this FAILED note ban move to extend another 2.5 years with jumlas. Feku & jootley best suitable for PROFESSOR JOBS. Only talking NO ACTION!!

    Reply
  24. Dinesh

    I wonder how the problem will be over?

    Business is all gone for 1 year. There is a serious recession which is forced on economy.

    How will they cover failures.

    How exactly Modi can keep making false promises. And get away with it.

    Is it all about cyber cell forced propaganda in my country.

    Reply
    1. ind

      @Dinesh: Just pray this will be over soon. We need to be worried about Modi’s desperation if this plan fails. If most of the money finds its way back into the banking system without raising alarms – It would mean a total failure of Modi’s demonetization charade. That would imply the govt. and public both lost money, time and nothing was gained. Domestic and international media will make a joke of such a scenario. If that happens, desperate Modi will go to any length’s to find any accounts which were used as proxies or whatever he can think off. Even people with white money will be questioned and harassment will go to extremes. And that’s going to be ugly.

      Reply
  25. Hemendra Malviya

    Can foresee the following effects on our economy and polity:

    1. With this decision, black money in India worth few lakh crore may be at stake. So it has to be converted into white through the routine banking channels, or will else turn into trash. Hence people may end up declaring an additional black money or showing an excess income in this financial year. Either way, the tax income is likely to sour.

    2. The real estate and the land prices are likely to collapse, as a large chunk of black money will go out of circulation. If the purchasing power of people goes down, it will impact the prices of land and properties.

    3. Corrupt politicians and bureaucrats will have “bure din”, at least over a short term, till the new 500 and 2000 rupee currencies are floated in the market.

    4. Election expenditure will be a huge crisis for the political parties, as neither the candidates nor many of the voters are used to currency-free elections.

    5. Over a short term, the country will be cash-starved and there will be a huge crisis for “over-the-counter” economy (Read: Grocery Shops, Vegetable Mandis, Local Restaurants).

    6. Some businesses such as Gold Smiths, Money Lenders, Hawala Operators etc. will be the net losers in the game.

    7. Banking system may be crippled down on account of an unprecedented rush to change currency notes, obtain plastic currency & card swiping machines, amongst others.

    8. The success or failure of plastic money and eCash models might be subject to the effective Cyber Security Measures that the Banking System intends to take.

    Reply
  26. Nitesh Dhanuka

    Is this really a surgical strike against corruption ? ” A old lady with some stitches on her saree from a rural area ( village unknown ) came to a bank with a 500 note which doesn’t have year of make printed on it so bank refused to accept that note as such notes are now not valid . It was so painful for her that she started crying . She asked for help but no one could . I asked her from where did she got that note ? She replied that she saved that note for her difficult times . #Indians specifically womens Do have a mind set of savings little part of money which they get for running house hold activity . My question to you sir is this step right for her ?

    Reply
  27. Rishad Alavi

    Prediction – by the end of the deadline, that is 30th Dec, Modi govt will fill every “Jan Dan yojana” account having balance less than xxx amount with cash bonus (No, not 15 lakh. But say, 10k or 25k)

    Effects –
    1) He will “claim” this to be dividend of black money recovered. (It’s a cheap investment compared to election rallies and other spent. And part of it will come to the party itself – refer point 3)

    2) Our memory is short and votes cheaper. So, his political image will be on a high again.

    3) God knows how many of that 1rupee account belong to actual people. Many would be binami accounts and the sum of all 25k, into these 10s of thousands of account would fund the party

    So, in the end, people forgets the hardship, “thinks” black money is recovered and distributed, and all the political oponents forced to hail the move for moral reasons.

    Reply
  28. Manish Jain

    Leaked: Questions from Modi’s Survey which did not feature in the App.

    Q. Modi ji is solely responsible for death of over 70 innocent Indians?
    Opt 1: Fully Agree. Opt 2: Partially Agree. Opt 3: Can’t Say.

    Q. Modi ji is shamelessly lying to the Nation on preparations on the Currency Change Procedure?
    Opt 1: Fully Agree. Opt 2: Partially Agree. Opt 3: Can’t Say.

    Q. Modi ji is responsible for all the nationwide chaos?
    Opt 1: Fully Agree. Opt 2: Partially Agree. Opt 3: Can’t Say.

    Q. Modi ji tried to pull a Stunt, without any knowledge on the impact it would have on innocent Indians?
    Opt 1: Fully Agree. Opt 2: Partially Agree. Opt 3: Can’t Say.

    Q. Modi ji is working hand in glove with the corrupt Industrialists and destroying the lives of poor people?
    Opt 1: Fully Agree. Opt 2: Partially Agree. Opt 3: Can’t Say.

    Q. Modi ji is a very bad actor and gets caught everytime he tries shedding those crocodile tears?
    Opt 1: Fully Agree. Opt 2: Partially Agree. Opt 3: Can’t Say.

    Q. Modi ji is a compulsive liar and the entire demotisation was lesser abt black money and more abt filling the Banks with money so they can lend it back to the same Industrialists who looted them previously?
    Opt 1: Fully Agree. Opt 2: Partially Agree. Opt 3: Can’t Say.

    Q. Modi ji taught us to hate every Pakistani after Uri Attacks, and so by logic, he should be jailed for the death of 70 plus innocent countrymen?
    Opt 1: Fully Agree. Opt 2: Partially Agree. Opt 3: Can’t Say.

    Q. Modi ji will kill our Economy with his stupid decisions since 84% of our Economy runs on cash?
    Opt 1: Fully Agree. Opt 2: Partially Agree. Opt 3: Can’t Say.

    Q. Modi will take us back to medieval age?
    Opt 1: Fully Agree. Opt 2: Partially Agree. Opt 3: Can’t Say.

    Q.Modi ji leaked the Note Ban news to his close Industrialists before hand helping them get rid of their stash in advance?
    Opt 1: Fully Agree. Opt 2: Partially Agree. Opt 3: Can’t Say.

    Q. Modi ji is a big jumlebaaz cos why else would he be so afraid of revealing all of their 2014 Election Fund source and expenditure?
    Opt 1: Fully Agree. Opt 2: Partially Agree. Opt 3: Can’t Say.

    Q. Modi ji has all the time for Election Rallies for his party, while his duty to the Nation of attending Parliament are conveniently secondary?
    Opt 1: Fully Agree. Opt 2: Partially Agree. Opt 3: Can’t Say.

    Q. Our country has become a Circus ever since Modi ji was voted to power, with their stupid medieval ideologies on what to eat, what to pray, what to wear, what to watch, etc?
    Opt 1: Fully Agree. Opt 2: Partially Agree. Opt 3: Can’t Say.

    P.S: For other irrelevant one sided questions, u can ‘unnecessarily’ download the Narendra Modi App and take the stupid survey there too!

    Reply
  29. Azharuddin Pilakodan

    Day by day modi proves that he is not gonna become the prime minister of the poor people. He is just putting them into more trouble. And shamelessly make speeches across the country as if he did achieved something. Yeah, he achieved the credit of being the person who only implement blunders..

    Reply
  30. Ankit Chauhan

    #Namo – out of the world.. best leader, legend, specialist in surgical strike…showed the world what equality is…..by demonetization… He is the dark knight,,, a watcher,,, fighting alone with corruption and the corrupt…. todays youth is with him….n always will be…sare chorr ikatthe ho gye hain ek sath modiji k against so guyss this is our tym to do something for our country…support modiji and fight against corruption..

    Reply
  31. Danish

    The kind of moves happening everyday by Govt, itself shows that Govt is not sure what they really wants to do and they are hardly bothered about the inconvenience to public, Ban of currency at Petrol pumps is like sealing vaults and houses of people instead of catching thieves.

    thats big faliure and blunder at their ends and worst part that they cant acceot this, I am sure people who are getting their fuel tanks fulled are not Vijaya Malya, Adani, Ambani, and other Netas who can convert their thousands of crores black money, Modi is running after penuts and letting the big shots go.!

    Reply
  32. Sinst

    Blackstone’s formulation – Wikipedia’s_formulation
    In criminal law, Blackstone’s formulation is the principle that: “It is better that ten guilty persons escape than that one innocent suffer”

    But our hon’bl PM is exercising the reverse of the philosophy. He must be awarded a special bravery (cruelty) award

    Reply
  33. Satyajit M

    Mr. Jaitley, please try to go with your card (and don’t use cash) from the place you live to any direction you want by only 100 Kms through public transport and taking food from normal restaurants (not embedded with Stars*) , and spend just a day.

    In a theater to nab a terrorist, if there is a frisking, it is acceptable.
    But, in a nation of more than a billion, if you try to carpet bomb the whole nation (30 days completed today), with a logic to kill some terrorists, do you think this could be a sensible plan to be taken, and executed by a Government of that nation?

    Reply
  34. Prasham Kothari

    If someone thinks that 50 days isn’t sufficient time to convert black into white or old black into new black… He/she is day dreaming.

    Yes there will be some cost but its manageable for sure.

    Reply
  35. Mohammad Âlï

    Before banning the currency one should be ready with alternate currency and sufficient amount with them..Without making all arrangements at a sudden ban is not good .. even though now there is no limit cash in banks so many people are suffering from cash crisis .. one should take step forward on this ..

    Reply
  36. Bhaskar G Nagendra

    a very senseless decision taken by modi, even though the decision is gud but the process makes the decision a big failure,what is the need of 2000 rs notes? and y didnt govt print 100 rupee notes before 6months itself if they want to demonetise 500 and 1000 notes so a big crisis has been occured and affects gdp because of modi senseless unplanned decision. y didnt govt made digital transactions compulsory in gold shops on nov8th night itself by stopping offline transactions.that would have made black money people in not buying gold after demonetisation.

    Reply
  37. deep

    people r suffering a lot of problems by banning old notes there is no need of 2000 note sir please ask them to introduce raedily 500 note n suffent amount shoub be supplied to people who r in need

    Reply
  38. Mrridula Thakur

    The very class of people who can Cath the flaws are being asked to shut up! The goverment knows that there titanic has almost sank so they are trying seal and patch every hole hoping that they can still stop it from sinking! Goodbye Democracy!

    Reply
    1. Sarath Kankanala

      The very class of people who are enjoying demonetization to earn more money for finding the loop holes to exchange black money.

      Reply
  39. Karan

    Gud & excellent …. But what about the new generation of corrupt managers of only private banks …. Making Hay while the sun shines ……! Exchanging old money with new one’s against 20% to 30% percent of consideration ….. How Modi’s Govt will tackle it on a large scale will speak volumes of Govt ‘s sincerity towards new found corruption in nexus with hoarders

    Reply
  40. Syed

    This was just implemented in wrong way, poor people have have got a big hit on it , which supporting people don’t understand there pain else y will anyone will be against it , to get there own money people are dying on it which is not humanity

    Reply
  41. Sugeetansh Utkarshh

    A leading clothing brand achieves success by providing different variation and different sizes they don’t weigh whole population on same scale .every individual has different profession different needs and IF A PM DOESN’T CARE ABOUT AN INDIVIDUAL THEN WHY THE VOTE OF AN INDIVIDUAL IS BEING COUNTED UPON IN ELECTIONS

    Reply
  42. Shiv Taneja

    its a pity that people today want corruption removed but want everything served to them on a platter. Do u guyz even understand what denomination is? what are its impact?? all you are bothered about is lack of sensitivity shown by some People and u use it to defame demonetization. if a landlord is arrogant in demanding cash how does government have anything to deal with it i fail to understand.

    one immediate benefit that People either dont understand or dont want to understand is that peace has returned in kashmir valley. how many stone pelting incidents have we read about after this step? how many maosist attacks have happened? whats the prime reason? please also understand the benefits of this scheme. yes i agree implementation could be better but then such a move will never have a perfect implementation in a country like ours due to the amount of population. instead of being so critical lets appreciate where appreciation is truly deserved because it was a bold move to take for any government

    Reply
  43. Paras Khanna

    Which government trying best .. I think u didn’t know the meaning of ‘Trying Best’
    They even not printed new Notes,
    Cash Slot of ATM is outdated…
    They even not Installed updated Cash Slots for new Notes in ATM’s ….
    India Always Failed in Pre-planning..

    Reply
  44. Shazeb Haque

    The very objective of demonetization was to put an end on the circulation of fake currency and terror funding Which is and will be achieved very soon Thanks to demonetization This step lead to channelizing those neutral money kept in home to the market thereby helping in capital formation ( As said by Govt and also economically correct)
    But what govt is saying that it will help to put an end on black money is nothing but wrong.
    Chunk of black money isn’t kept in cash at homes
    Cash accounts for 7-8%of total black money( reports from various govt and non govt org and reputed Professors)So ultimately this demonetization won’t affect black money to that extent as it’s been said and marketed by Govt
    As far as problems of small business man is concerned that’s bound to happen It’s obvious Those who are saying it as wrong are ignorant and are blind supporters As many sectors are there this implies more ways for black money Till our machinery from lower to upper most isn’t freed from the roots of corruption our country won’t be freed from black money

    And if Govt is that determined to take out black money Then it’s my appeal to all that ask Govt to disclose the name and take strict actions against those black money holders whose list Govt of India has said it has
    Govt should take strong measures to tackle rising NPAs
    Why the hell Govt pardoned the loans of big corporates ?

    Reply
  45. Jayant Kanbur

    If goons, bahubalis, corrupt politicians, hawala operators put a gun on bank staffers and force them to convert their black money into white, it becomes difficult to centre got to control such activities. State govts and local bodies should cooperate and stop the misuse. Just blaming central govt is of no use. All opposition parties are hand in gloves to make it a failed affair and force Modi to resign. He is a big pain in their neck due to his relentless campaign against corruption. It is common man’s duty to sustain the difficulties for betterment of the country.

    Reply
  46. B A Rather

    haven’t seen any congress leader or black money holder in Qs only poor people’s sufferers
    And in future they will suffer more

    Reply
  47. Luikang Anthony P

    Many people argue PM Modi is a Dictator, this is a clear example of dictatorship. India is a democratic country, wake my fellow comrades especially the educated and high officials. Our country is in a mess, don’t hide behind the curtain instead speak up and save this mess.

    Reply
    1. Jayachandra Rao

      60 years misrule, mismanagement, laxity in administration by congress government has led the country to this mess. One Modi can rectify all the defects. Every one is crafted to become a thief. Only digitisation can bring openness.

      Reply
      1. Luikang Anthony P

        His actual demonetisation objectives on black money, terrorism and corruption have changed into cashless economy where education and internet connectivity is a must. The sad reality is, India is a country where education and internet connectivity is among the worst in the world

        Reply
  48. Jainendra Bothra

    Dear madam/sir… do we all know what part of our economy is contributed by currency notes?? And many researcher and eminent economist has told black money in currency is 0.02% of our total economy… so can u let 99.98% (most economist suggest 52%) of economy to suffer due to such a small % of black economy.. there ll be 2% net loss in GDP…. and for 6 month government ll lose 15% of its revenue by which system works.. that amount is more than what Modi ll achieve to bring back via this move?? If you need any further article please msg back

    Reply
  49. Jeevan Tunga

    i see daily news banks recovering crores of new pink notes that means banks are helping to make money white..PM and FM should warn bank and its employees not for corrupt practicies

    Reply
  50. Sushant Awasthi

    There’s difficulty, I accept. But the results are going to be worth the pain. Even if 3 lakh crores of currency doesn’t comes back in the system out of the 20 lakh crores that was in circulation prior to 8th November, it’d almost be equal to India’s defense budget.

    Reply
  51. Asif N Najeëm

    total currency(1000&500) =14 lac cr currency returned =12 lac cr cost of printing currency and cost of indian GDP loss = 2 lac cr total 14 lac cr plus 82 death and many other problems of common people currency demonetisation end up in ” Buying a 5rs glue to stick a 5rs stamp”

    Reply
  52. Shivam Sharma

    I heard this comments from everyone that, people are standing for country in queue. If any person died, they are saying sacrifice for country. Comparing all this with Indian Soldier.
    First of all, this is creep. Moreover, these 82 people who are loyal citizen of India, does getting same respect & prosperity as Indian Soldier? Are they getting compensation, are they getting pension, is their family is getting something after their dead?
    Big question on all these comments!!!!

    Reply
  53. Dhanesh Goltekar

    For past 30 days. The ones who opposed the demonetisation decision were tagged anti-national and were called dumb and could not see the bigger picture. Atleast now everyone can see the real big picture. The worsed executed plan of the BJP govt.

    Reply
  54. Gautam Gond

    Government shows That they care for Indian Army, then why Army men are charged @ Rs. 5 per minute for the call…free krdo unka calling…waha sb ko JIO ka sim aur Ek 4G Handset share krdo

    Reply
  55. Joseph Bird

    The one and only PM who has the guts to stand up to all the corrupt lets stand and support him give him the support to take this country ahead

    Reply
  56. Muskan shaw

    This is a big step to stop corruption and also to make india digital as well as cashless. ……l really appreciate our honorable Prime Minister Narendra Modi😃

    Reply

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