Who will reimburse the misfortunes that little scope enterprises are confronting?
Wasn't 500 cr. Rupees wedding a slap on ordinary citizens?
Before the finish of about 40 days, it's practically certain that it is a major disappointment, defilement has discovered its direction.
The majority of the ATMs are still not having money, regardless of the way that new notes are printed quickly. Where are the notes going?
I am not a Kejriwal fan but rather individuals slammed him for not keeping up the "Convention" when he met an assignment in Slippers. Leader additionally broke the convention by reporting Demonetization. Authoritatively, It ought to be finished by the RBI senator.
I can comprehend that cashless India is a decent activity however I don't figure you can ever show my granddad to work a PDA. Disregard instructing him to utilize Paytm.
Was it bad or good? Was it a success or failure? The answer
to these questions really depends if you’re a Pro-BJP or against. After all,
throughout the whole demonetization process, the nation – including commoners,
politicians, journalists, media houses, experts and economists – were spilt
with different arguments.
Demonetization happened to ***** out the fake currency from
the system, curb down the corruption and ***** the black money saved in and
outside the country. Funding to the terrorists and Maoists was stopped. Also,
the country strode towards a digitized economy and more of the population got
into taxable economic grid.
These were the biggest benefits of demonetization of Rs 500
and 1000 notes—or at least that’s what we were made to believe. However, there
were few downturns as well, contended with rigor by the opposing voices.
Low-income and rural population was hit the hardest by this
decision. Millions of people struggled to use their own hard-earned money. Their
purchasing power was dropped. So many died while standing and waiting in the
bank lines. Indian stock market plunged to new low. Many weddings were called
off. The aftermath was huge.
Many people argued that the execution of demonetization was
poor. They said why not go after the big fishes that have crores of rupees in
the Swiss bank as black money. To that, numerous economists argued that GDP growth
will slow down. At large, to meet the exact goals of demonetization, many were
saying that there are far better ways and methods that are less controversial
and more effective.
Was this big step a success? It’s difficult to answer this,
given there are no definite parameters to calculate it. The clear-cut numbers
are not out yet.