Professional Documents
Culture Documents
Demonitization
Demonitization
currency and terror funding, and promoting digital transaction as its objectives.
It means the middle classpoor people, poor people and specially the tax
payers have suffered the most and they have suffered for nothing. It was
remarked during the months of November and December 2016 that the
Indian people were demonstrating exemplary patience. Poor and lower middle
class people underwent great hardship during these months, standing for
hours in bank and ATM queues, and managing their lives with a chronic
shortage of cash. Yet the thought that it was all in a good cause, and that
holders of black money were suffering even more, kept them in relative good
humour. But now, if it turns out that black money holders have managed to
have the last laugh, and that common people have suffered for nothing, won't
the voting public be outraged?
According to RBI 99% old notes have been replaced or deposited in banks. So can
we say that 99% black money has been changed to WHITE MONEY. Only
difference is that now the money is with the banks but still the point has not been
cleared that does demonetization has stopped black money??
Fake currency :
Till 16th feb 2017 almost 3 months fater demonetization in 3 different cases in
mohali, indo bangla border and in Hyderabad NIA had arrested people for
dealing with fake 2000 Rs notes. so the motive of stopping fake currency has not
been stopped. According to RTI almost 12000 Cr have been invested to print new
2000 Rs notes. does it is worth of expensing such a huge amount and in return
people have started circulating fake notes within 3 months.