Question

Demonotization paragraph of 150to 200 words​

Answer 1

Answer:

Demonetization is one of the most trending topics which occupied the columns of Indian newspapers in 2016. INDIAN PM Narendra Modi took a bold step against the black money holders by declaring demonetization in November 2016. Initially, implementation of demonetization in a populous country like India was not a cakewalk for the government.The sudden declaration ofdemonetization in the country has created lots of chaos and confusion among the common people of the country, but gradually everything becomes normal.The government has different objectives behind this demonetization. The first and foremost objective is to attempt to make India a corruption free country. In his different speech on demonetization Indian Prime Minister Narendra Modi clearly, points out that this bold step has been taken to get a control over corruption in the country. Secondly, it is done to curb black money, thirdly it is also a step to control escalating price rise, fourth to stop fund flow to illegal activity. On the other hand demonetization in India is also a very well planned step of govt of India to earn proper tax from the citizen. With the help of a different article on demonetization or essay on demonetization in different media, economist and responsible citizens tried to make the common people aware of the benefit of this steps taken by the government.The demonetization technique will help India to twist up sans corruption. Those appreciating taking result will quit worsening rehearses as it will be hard for them to keep their unaccounted money. In his different speech on demonetization PM Modi openly says that it is a process to trap the black money holders to track out their money.This move will help the governing body to track the dim or black money. After the declaration of demonetization, as per new govt rule, Those individuals who have unaccounted money are by and by required to show pay and submit PAN for any genuine budgetary transactions. The governing body can get pay cost share for the wage on which force has not been paid.The move will stop financing to the unlawful activities that are thriving a result of unaccounted pay. Denying high-regard money will deal with criminal activities like dread based oppression et cetera. The prohibition on high regard money will in like manner check the threat of money laundering. By and by such development can without a doubt be taken after and compensation charge division can catch such people who are in the matter of money laundering.A conclusive objective is to make India a cashless society. All the monetary transaction must be through the dealing with a record system and individuals must be responsible for each penny they have. It is a monster wander towards the dream of making an automated India. If, despite everything that these are the advantages, there are terrible signs of this system too.The declaration of the demonization of the money has made enormous inconvenience the all-inclusive community. They are rushing to the banks to exchange, store or draw back notes. The sudden declaration has made the situation wind up discernibly scattered. Tempers are running high among the masses as there is a deferral in the circulation of new money. It has significantly affected business. In view of the money crunch, the entire economy has been made to come to a standstill.Various poor step by step wage workers are left with no occupations and their consistent pay has stopped in light of the way that organizations can’t pay their step by step wage. The lawmaking body is suspecting that it’s hard to complete this procedure. It needs to bear the cost of printing of the new money notes.It is additionally feeling that it’s difficult to put new money into circulation. The 2000 rupees note is a weight on the all inclusive community as no one jumps at the chance to do the transaction with such high regard money. A couple of reporters think it will only help people to use dull money more successfully in future. Further, numerous people have covertly discarded the demonetized money notes and this is a disaster to the nation’s economy.Past Prime Minister Manmohan Singh who is a conspicuous economist, past RBI delegate and past Finance Minister of the nation, names the demonetization move as a ‘sorted out loot and approved plunder’. Regardless, if, despite everything that we consider the advantages versus terrible imprints, it will be protected to conclude that the past surpasses the last mentioned. In spite of the way that there are persevering and agony among the masses agreeable moment however the figure is that its points of interest will be found as time goes on. The administration is making all the fundamental walks and actions to deal with the money request and soon the trial and tribulations of the all-inclusive community will be over with the smooth stream of the new money.