500 and 2000 rupees notes were have been demonitise recently how far this is helpful for Indian economy in your option
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With this bold decision India can see great growth in tax revenue. The benefit is people are disclosing their income by depositing money in bank accounts. Government will get a good amount of tax revenue. It will be used in transformation of country by providing great infrastructures, better hospitals, Schools, roads and many facilities to poor people.
There are more advantages and some are long terms like transparency in real estate, corruption may decrease,cashless economyand bank loans will be easily available at reasonable interest rates, fake currencies will be worthless.
There are more advantages and some are long terms like transparency in real estate, corruption may decrease,cashless economyand bank loans will be easily available at reasonable interest rates, fake currencies will be worthless.
Rockzz4:
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I think that demonetisation will help to curb the financial malpractices in the country.
This include money for which tax is not paid or in other words , black money.
It is believed that a considerable amount of black money is stored in denominations of 500 and 1000.
Hence , by making it invalid , users will be forced to get rid of them.
This will also help the government to find out the sources of black money circulating in the country.
This include money for which tax is not paid or in other words , black money.
It is believed that a considerable amount of black money is stored in denominations of 500 and 1000.
Hence , by making it invalid , users will be forced to get rid of them.
This will also help the government to find out the sources of black money circulating in the country.
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