asl topic demonetisation
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Demonitisation
(The following speech is perfect for 1 min. to 1.5 min)
Demonitisation, as we all know was announced by the Indian Prime Minister Narendra Modi, on November 8th. It was a bold step which aims at eliminating black money, counterfeiting currency, black enterprise, black marketing and terror financing. I agree that it has a bad effect currently but with a great belief I can say that it is just for a short term. Long term effects are really very good in fact it showed its brighter side right from 8th of November. Although there was 7 percent growth in GDP of Indian Economy in 2016-17. Even the World Bank has said that it will lead to India’s Economy and India will be the fastest growing economy in the world by passing China. The total indirect tax rose to rupees 1.6 billion within 4 days after November 8th. Demonisation has led to a drastic fall in black money, terrorism, human trafficking and other types of exploitation. Even the RBI’s governor Urjit Patel and finance minister Arun Jaitley and many more are in the favour. People who have or had money were trying to pay more and more advanced taxes. Also the railway minister noticed that more number of railway tickets were bought by people of 1st A and 2nd A class seats for the same reason. Railways then announced that no person can buy tickets of more than rupees 10000. From the above facts we can also see that people were trying to give a boost to the GDP by getting rid of their black money. At the end I want to day that Demonitisation has some current and bad impacts but it will prove itself to be very beneficial in the upcoming years.
1. Do you think the evil of corruption and black money will be completely ended in this way?
Answer- The minds of people can be changed but up to a limited extent. As far as eradication of corruption and black money is concerned it needs the cooperation of the people. We can expect the last breath of corruption and black money only when people are fully determined to leave. It can do a lot but the complete end is on the will of people.
2. Overall, what do you think about the government’s moves to tackle black money?
Answer- I am fully agreed with the action taken by PM Narendra Modi. The first calculative action against black money holders and majorly corrupt politicians. I will request all Indians to bear with shortage of currency for few days as requested by PM for good and clean economy.
(The following speech is perfect for 1 min. to 1.5 min)
Demonitisation, as we all know was announced by the Indian Prime Minister Narendra Modi, on November 8th. It was a bold step which aims at eliminating black money, counterfeiting currency, black enterprise, black marketing and terror financing. I agree that it has a bad effect currently but with a great belief I can say that it is just for a short term. Long term effects are really very good in fact it showed its brighter side right from 8th of November. Although there was 7 percent growth in GDP of Indian Economy in 2016-17. Even the World Bank has said that it will lead to India’s Economy and India will be the fastest growing economy in the world by passing China. The total indirect tax rose to rupees 1.6 billion within 4 days after November 8th. Demonisation has led to a drastic fall in black money, terrorism, human trafficking and other types of exploitation. Even the RBI’s governor Urjit Patel and finance minister Arun Jaitley and many more are in the favour. People who have or had money were trying to pay more and more advanced taxes. Also the railway minister noticed that more number of railway tickets were bought by people of 1st A and 2nd A class seats for the same reason. Railways then announced that no person can buy tickets of more than rupees 10000. From the above facts we can also see that people were trying to give a boost to the GDP by getting rid of their black money. At the end I want to day that Demonitisation has some current and bad impacts but it will prove itself to be very beneficial in the upcoming years.
1. Do you think the evil of corruption and black money will be completely ended in this way?
Answer- The minds of people can be changed but up to a limited extent. As far as eradication of corruption and black money is concerned it needs the cooperation of the people. We can expect the last breath of corruption and black money only when people are fully determined to leave. It can do a lot but the complete end is on the will of people.
2. Overall, what do you think about the government’s moves to tackle black money?
Answer- I am fully agreed with the action taken by PM Narendra Modi. The first calculative action against black money holders and majorly corrupt politicians. I will request all Indians to bear with shortage of currency for few days as requested by PM for good and clean economy.
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Hello friend,
When PM Modi announced that Rs with the denomination of 500/- and 1000/- would cease to be the legal tender from 9th of Nov, the whole country was stunned. This decision caused sensation in the whole country. Social Media was flooded with messages and information. People started counting the trash they had accumulated for years legally or illegally.
Rumours became rife. Some tried to invest their dying currency in gold. Some contacted their near and dear ones in this miserable hour. People could get only Rs 4000/ of old denomination exchanged with the new one. Big lines became the order of the day.
Instead of getting shorter, these queues were getting longer with every passing day. The last date for the whole process was 30th of December. The persons could deposit the old cash worth Rs 2.5 lac till the said date.
The main objective of this move was to curb the black money, corruption and fake money menace. All the people but those who were indulged in malpractices welcomed the move. The whole opposition shook hand against this move under one pretence or the other. They called this decision a draconian law and wanted the govt to roll back it. Tirades were made to target the decision. Govt also carried out counter attack.
The new currency which replaced the old one is of denomination of 500/- and 2000/-. Though the people faced a lot of money because of shortage of funds, they did criticize the govt for the move. Even they lauded the Modi govt for this big move. Prime Minister also addressed the people many times telling the people that it was a mahayajna and they must offer their own ahuti in it.
He further said he was aware the hardships they were suffering from but he sought only 50 days for setting the things right. He jibed at the chief political leaders who have stashed big amount of money and now joined hand to force govt to take the decision back.
The most interesting thing regarding the demonetisation is that people are devising various unique methods for transforming their black money in to white one. Some of these methods are as follows –
Depositing money in the accounts of their poor relatives and friends.
Enticing the people with some percentage of money for exchange.
Asking their employees to stand in the long queues in front of Banks and ATMs for getting money exchanged.
Hiring labors for some Rupees ranging from Rs 500/- to 700/- for becoming the part of long queues in front of banks/ ATMs.
Converting black money in to gold.
Paying a few months salaries in advance.
Paying back loans forcibly.
Using their influence / links with bank employees and so on.
Impact of Demonetization on Indian Society/ Economy –
We shall see a great impact of this move of the Central Govt on Indian Society and Economy. The first impact shall be that people will have lower expenditure power. With that they will not be able to purchase luxurious things.
There shall be no ostentatious expenditures on marriages and other ceremonies. So the society will grow lesser materialistic and people more prudent. With the fake money destroyed, Indian economy will see a big boom and the so far booming real estate sector shall fall on the ground.
The things shall be cheaper. Indian Currency shall get respect at the international market. There shall be a great check on the terror-related funding and therefore on terrorist activities. Corruption shall be down to a great extent as people will stop the tendency of accumulating money using wrong means.
It will abridge the gap between the haves and the have nots. However, there may be some difficulties for a couple of months. But this inconvenience shall be temporary and for short-term.
When PM Modi announced that Rs with the denomination of 500/- and 1000/- would cease to be the legal tender from 9th of Nov, the whole country was stunned. This decision caused sensation in the whole country. Social Media was flooded with messages and information. People started counting the trash they had accumulated for years legally or illegally.
Rumours became rife. Some tried to invest their dying currency in gold. Some contacted their near and dear ones in this miserable hour. People could get only Rs 4000/ of old denomination exchanged with the new one. Big lines became the order of the day.
Instead of getting shorter, these queues were getting longer with every passing day. The last date for the whole process was 30th of December. The persons could deposit the old cash worth Rs 2.5 lac till the said date.
The main objective of this move was to curb the black money, corruption and fake money menace. All the people but those who were indulged in malpractices welcomed the move. The whole opposition shook hand against this move under one pretence or the other. They called this decision a draconian law and wanted the govt to roll back it. Tirades were made to target the decision. Govt also carried out counter attack.
The new currency which replaced the old one is of denomination of 500/- and 2000/-. Though the people faced a lot of money because of shortage of funds, they did criticize the govt for the move. Even they lauded the Modi govt for this big move. Prime Minister also addressed the people many times telling the people that it was a mahayajna and they must offer their own ahuti in it.
He further said he was aware the hardships they were suffering from but he sought only 50 days for setting the things right. He jibed at the chief political leaders who have stashed big amount of money and now joined hand to force govt to take the decision back.
The most interesting thing regarding the demonetisation is that people are devising various unique methods for transforming their black money in to white one. Some of these methods are as follows –
Depositing money in the accounts of their poor relatives and friends.
Enticing the people with some percentage of money for exchange.
Asking their employees to stand in the long queues in front of Banks and ATMs for getting money exchanged.
Hiring labors for some Rupees ranging from Rs 500/- to 700/- for becoming the part of long queues in front of banks/ ATMs.
Converting black money in to gold.
Paying a few months salaries in advance.
Paying back loans forcibly.
Using their influence / links with bank employees and so on.
Impact of Demonetization on Indian Society/ Economy –
We shall see a great impact of this move of the Central Govt on Indian Society and Economy. The first impact shall be that people will have lower expenditure power. With that they will not be able to purchase luxurious things.
There shall be no ostentatious expenditures on marriages and other ceremonies. So the society will grow lesser materialistic and people more prudent. With the fake money destroyed, Indian economy will see a big boom and the so far booming real estate sector shall fall on the ground.
The things shall be cheaper. Indian Currency shall get respect at the international market. There shall be a great check on the terror-related funding and therefore on terrorist activities. Corruption shall be down to a great extent as people will stop the tendency of accumulating money using wrong means.
It will abridge the gap between the haves and the have nots. However, there may be some difficulties for a couple of months. But this inconvenience shall be temporary and for short-term.
Hope it helped u
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