ARE WE HEADING TOWARDS BETTER INDIA?? some points for debate in favour.......
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Those countries who wish to blow the Indian economy generally do it by starting fake currency. This is a big setback for them.
Terrorists and Naxalites, they are mainly funded in cash and this large cash is deposited in the underground, because now the legal tender has been taken, therefore the stored cash converts into pieces of paper.
Money depositors have an option, either collect them white or permanently and use those notes to create a fire during winter.
All the money was deposited by the depositors, they were not taxed, but these cash has earned something wrong in particular in a country's share. Now the government has a chance to check and keep them behind the bars.
If politicization works properly, then there should be a lot of money in the treasure (seized from the seizure), the biggest benefit comes here, things can get cheap and cheap, the government can think without obstacles, the government Schemes are being implemented smoothly, can be completed without delays in government's works. At the end of the day, people benefit
Against
The greatest loss of monsters is chaos and frenzy, which has started it among the common people. Everyone was running to get rid of the stalemate, while the lack of supply of new notes for the day-to-day budget of the citizens was reduced. Long queues were seen at banks and ATMs while small businesses faced temporary financial losses. The situation in rural India was worse, where people struggled to withdraw cash and withdrawal due to lack of adequate number of banks and ATMs in the area around them.
Another disadvantage is that the destruction of old currency units and the cost involved in the printing of new currency units, which has to be borne by the government and if the cost is more than profit then there is no use of diplomacy.
Another problem is that this move was targeted towards black money, but many people who did not keep cash as their black money and used the money in roaming or other asset classes such as real estate, gold etc., adverse to them Not affected by the effect.
As we can see from above that both the advantages and disadvantages of liberalization are the performance alone can not only fight parallel economy and can not eliminate black money. Many other measures are needed by the government to change the good for the economy.
Terrorists and Naxalites, they are mainly funded in cash and this large cash is deposited in the underground, because now the legal tender has been taken, therefore the stored cash converts into pieces of paper.
Money depositors have an option, either collect them white or permanently and use those notes to create a fire during winter.
All the money was deposited by the depositors, they were not taxed, but these cash has earned something wrong in particular in a country's share. Now the government has a chance to check and keep them behind the bars.
If politicization works properly, then there should be a lot of money in the treasure (seized from the seizure), the biggest benefit comes here, things can get cheap and cheap, the government can think without obstacles, the government Schemes are being implemented smoothly, can be completed without delays in government's works. At the end of the day, people benefit
Against
The greatest loss of monsters is chaos and frenzy, which has started it among the common people. Everyone was running to get rid of the stalemate, while the lack of supply of new notes for the day-to-day budget of the citizens was reduced. Long queues were seen at banks and ATMs while small businesses faced temporary financial losses. The situation in rural India was worse, where people struggled to withdraw cash and withdrawal due to lack of adequate number of banks and ATMs in the area around them.
Another disadvantage is that the destruction of old currency units and the cost involved in the printing of new currency units, which has to be borne by the government and if the cost is more than profit then there is no use of diplomacy.
Another problem is that this move was targeted towards black money, but many people who did not keep cash as their black money and used the money in roaming or other asset classes such as real estate, gold etc., adverse to them Not affected by the effect.
As we can see from above that both the advantages and disadvantages of liberalization are the performance alone can not only fight parallel economy and can not eliminate black money. Many other measures are needed by the government to change the good for the economy.
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