English, asked by sound27, 1 year ago

demonatisation in india in English

Answers

Answered by Monika2002
3
the process of cancelling the currency notes and supplying new one through banks only for the people who are....
like politicians and some other stupid persons.
and making people to suffer by standing outside the banks for a long time.
this is called demonetisation by narendra modi
this is my opinion.
may be he did this to stop black money problems but it is just a waste of time.
Answered by sweety70
3
Heya,

Demonetisation of money means the currency which is existing is discontinued and new currency is replaced in it's place. In India there had been a ban on 500 and 1000 rupee notes which is officially announced by our honourable prime minister on 8th November 2016.

Demonetisation is a beneficial practise implemented against corruption. It had a great impact on our country.

Today in the modern world we find many government officials often bribing to complete people's work.This has become a great problem. Government officials, politicians and other rich people are becoming more and more rich while poor people are still remaining poor.This is a thing which is to be considered.

So our respected Prime minister had implemented demonetisation against this. It is implemented as an anti-corruption scheme. This scheme had brought out the real phase of many politicians and great people.

Demonetisation came out as a useful scheme as it has a limit to the amount of money which can be withdrawn per day and had fixed a particular date when all these exchanges should end . During this process many rich people simply threw the money in fright of being caught.any others were being caught and arrested.

Demonetisation was being opposed by many rich people, officals and politicians as they were frightened. But inspire of that demonitisation was successful.

However in some places it turned ot to be a waste. Many rich people got their money back.They were happy as before. Many new 2000 rupee notes were found in some of their houses. 

Demonitisation had both benefits and loss. Common people suffered as there was a very big queue for collecting money in the banks.

Inspite of all these it turned out a successful with some people. It was able to reach its target.


Hope it helps u..
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ImRitz: Great!!!!!
sweety70: thnx
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