Demonetization biggest advantage is that it got the money into the banking system which was otherwise lying dormant with people.Next all money which has come in does give a guarantee that it is legitimate money. Next the currency needs to be checked thoroughly whether it is genuine or a counterfeit. It will get the counterfeit out of circulation. Money which has not come back gives a direct indication that there were people who were hoarding currency which is black money. Black money which was in the system and being used to make big purchases suddenly disappeared as other regulation are now monitoring high value purchases done in cash which went unaccounted with the earlier system. Moving towards cashless system could not have been possible without withdrawing cash currency out of the system. Made the lowest in society to get into the organised banking sector who were at the mercy of brokers who were fleecing them of there hard earned money. It has made payments to labour in industry to be monitored who otherwise were paid in cash and made to sign inflated payments. Cash funding for illegal activities has been hit badly. Reduced funding of bad elements in the society who worked on cash payments. Reduced corruption in government departments as lesser cash in circulation to be offered as bribe. However, demonetization is not an end all solution for all our financial miseries it has be backed by other steps by the government then only the full benefit can occur.
Demonetization had left the middle class and poor people's living standard behind 10 years. But it has set the rich and super rich wealth forward another 10 years.
Re: BEHIND ANOTHER 10 YEARS.
by anil sood on Aug 31, 2017 02:58 PM
I know the reason why all people of your community can't see the rise of BJP and find fault with all the good actions taken by the government.
Re: BEHIND ANOTHER 10 YEARS.
by Lalukumar Choubey on Aug 31, 2017 03:21 PM
Better go to your own country and don't poke your nose in our internal mattgers. Right!!!
Re: Re: BEHIND ANOTHER 10 YEARS.
by mitesh on Aug 31, 2017 04:09 PM
Modi govt is a total flop show.This cheater & liar PM is fooling the nation since 2014.We have never seen a most third grade PM from a third grade party since 1947.
Re: BEHIND ANOTHER 10 YEARS.
by Great Indians on Aug 31, 2017 05:05 PM
Well Said, it is true.... They have not done anything for the upliftment of the poor.... More than half of the Indian Population lives in a very poor condition.....Lakhs of children in India die due to malnutrition and poor health facilities...There is a lot of corruption and lack of governance everywhere...India is lagging behind in terms of Education, Health, Administration and Basic Infrastructure Facilities....We only talk about 56 inch chest, but we do nothing.....Our Prime Minister is most of the time out of country enjoying. He is just a Jumla Man. No intelligence. He will let everyone drink only Chai.
Re: Demon
by Dipankar Mukherji on Aug 31, 2017 10:39 AM
Let us pay taxes correctly and then blame the Government. This is a nation where one is proud of evading. Japs ppl are proud to pay their taxes. It is easy to pen and comment anything.
Re: Re: Demon
by piri on Aug 31, 2017 11:06 AM
The ones who default the most on tax payments are large sections of the business classes !
The taxes they together evade add up to several times the taxes evaded by the rest of the country !
And for the biggest tax evaders in the country like Gautam Adani (who was caught red handed by 3 officers of the ED and is facing prosecution for stealing Rs 1800 crores of tax due from him by round tripping Rs 5468 crores of his profits from Mauritius using a single P note FDI), the govt, instead of playing the role of an active prosecutor, actively colludes with him and facilitates such loot in return for big election campaign funding !
"Demonetization had an impact on marketing of the record harvest" - this is the only TRUE part of the report submitted over here.
Farmer is largely affected.
Soyabeen go0t worst = lowest price so far.
Pulses = TUR or ARHAR , which was selling at Rs. 9000/- per quintal last year, got the lowest market price below Rs. 3500/- this year, which a TOTAL failure of the Government in providing right support to farmers.
That's why government has budged down to farmer's Loan waiver demand, even though the politicians are pressing hard to waive off the entire loan amount, just to wipe off their misdeeds , which they must have committed by misusing the loan they must have taken in the name of farmers.
But, all these has happened due to the bad effects of the Demonetization .
The subject is crossed with flying colours which after some time whole world is going to research,the writer doesnot have or rediff doesnot have any subject they are recirculating it,begani saadi mein abdulla diwana
