Business Studies, asked by falgunmpatel2885, 11 months ago

Bifferecnce between impact of demonetization on rich and poor

Answers

Answered by shivanshusingh97
0

He invoked the Emergency days under then Prime Minister Indira Gandhi, accusing the Congress of enforcing it to only “save Ms. Gandhi’s seat.” In contrast, Mr. Modi asserted, his decision to scrap notes of high denomination was taken in the “interest and happiness of the poor,” the good of the country and the farmer..

Answered by darshanpawar186
0

demonization is a process in which the old currencies are replaced with new currencies

impact on rich and poor are:

RICH:

* many of them had lost crores of ₹

* many brought their black money out and were caught

* many rich people were caught by Income Tax

* They had to stand in long queue.....

POOR:

*a little bit of loss

* no damage to their money

* stood in bank queue

* No IT raids

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