English, asked by susheelthakur60, 10 months ago

Demonisation 1min speech​

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Answered by shagunsinghsaini
0

Demonetization!

Demonetization means the change of units of currency as it recently happened on 8 th Nov 2016 our Prime minister Narendra Modi declared that the notes of 500 and 1000 would not be given any value so the submission of cash was done in banks through ATMs too it was exchanged .

The great and biggest theme behind it was to discourage corruption and black money .

Big Big dealers and business men used this black money for getting their wishes done etc etc....... and money was of government means but bad ideal creatures were using it for their stupid wishes and thinking themselves to be at the top of the world but the faces came out through this demonetization and it helped India a lot in its progress as great amount of money came up .

People were cursing Narendra Modi ji because their daughter's marriage was in danger , such ridiculous reasons they were giving but I don't think it to be correct because whatever he did was for the welfare of our country and new notes came up of ₹2000. It was really helpful for the progress of our nation. I salute my country and my prime minister Narendra Modi ji for his great work. Whatever he did was best for innocence and good people. If you do bad you will have to suffer. And he did against corruption which is the root of all evils so whatever he did was the Welfare progress and development of our country India.

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Answered by smillygoelshreya
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Demonetisation, 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 per cent 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 the 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. In the end, I want today that Demonetisation 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 the 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 a shortage of currency for a few days as requested by PM for good and clean economy.

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