Demonetisation In India
By Jaya Haridas
@jayaharidas (9)
January 8, 2017 3:27am CST
Hi everybody.Today as the topic suggests I would like to discuss the current hot topic in India that is demonetization.This was initiated by our Hon. Prime Minister,
Shri Narendra Modi. This initiative lead to the 500 and 1000 notes to not longer be legal tender , which was thought to benefit the Indians by helping us curb Black money and I am really proud to say that to an extent , our government has been successful , but It also came with some of disadvantages like a really big loss for many companies and government departments.But , my friends don't you think a little sacrifice is necessary for the development of a country.
1 person likes this
3 responses
@allknowing (136593)
• India
8 Jan 17
In the absence of statistics one does not know if the purpose was achieved. The bad effects are still on. Small industries have closed. Labour is affected. Modi should not be an ostrich and bury his head in sand but see for himself the disaster.
@jayaharidas (9)
•
8 Jan 17
Yes,I totally agree with you, but don't you think for something good to happen , one should make some sacrifices.
1 person likes this
@allknowing (136593)
• India
8 Jan 17
@jayaharidas Means do not justify ends. The means should have been well thought out and not this way about which you are fully aware. A senior friend of mine had to stand in queue every day for days to pay labour who were doing some repair work. Modi was not doing any sacrifices and living in style. He was busy changing his clothes.
@jayaharidas (9)
•
8 Jan 17
@allknowing Don't you think your friend should have used Paytm.
1 person likes this
@shaynas (5487)
• India
8 Jan 17
I support this change whole heartedly. I wonder why some people, who are so much into internet, are having issues with this decision. If you can use internet so well, i don't think there is an issue they face in using cards or digital payment. I understand, people in villages, illeterate people, they are facing problem due to cash crunch. But i hardly had any issues, most of the payments and purchases I do with cards or digital wallet. And almost everyone in my circle does the same and no complains.
I feel, some people just criticize the good step taken for the sake of critisizing. I understand, many bank officials helped the corrupt people, but that should not stop us praising the one honest prime minister we have. He is the man!
@shaynas (5487)
• India
9 Jan 17
@ragikutty I don't. I go to restaurants and pay service taxi, so why can't i pay service tax for petrol or diesel? Plus, as per my knowledge, i have never been charged extra for ATM withdrawals or transacting through cards. Not even a rupee.
I understand it's irritating to pay tax and don't get facility while many people enjoy much even without paying any. But it has been same for years, isn't it? Now, for the first time, a man is trying to change it and i support him fully. I don't know if he will succeed or not, but i won't sit and crib about a positive step being taken.
Plus i already see the change. Many shop keepers who never accepted cards, have started doing so. Now all their income will be accounted and they will be paying taxes like we do. I already see the changes, i wonder how you don't. I can happily be at unease for few days for my country's betterment. Its very less that i can do from my side.
@immilind113 (607)
•
8 Jan 17
Talking neutrally...
Firstly...
From the news reports....it was stated that 97% of the cash was given back (deposited) to the bank....So where was the black money anyway when almost the whole amount was back into the bank...
Secondly...
Poor have suffered in getting their own funds...
Thirdly...
Talking about the fundamental right...we ourselves were not able to get back the money we have earned...
Forthly...
Queue's in tue bank and infront of atms were horrible...people had to take a leave from their jobs just to get the money they needed...
I would conclude that though a decision for demonetization was taken into consideration for the betterment but the execution of that decision was a failure...
