Question

Essay on Demonetisation.

Answer 1

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 attacks.

Answer 2

Demonetization is like termination. When something is demonetized, it is stopped or ended and is no longer in use and is not valid for payment system. It is mostly related to money. For example, our Prime minister, Mr.Narendra Modi has demonetized 500 and 1000 rupee notes in order to avoid corruption (black money). It has many advantages like curbing corruption and stopping black money. If our nation becomes a corruption free nation that day the true day we get freedom. This is why our Prime minister has placed this move. Because today money and muscle play a very important role which is reflected in the low conviction rate.Nowadays people mostly politicians think that they can do anything with money. But do you think all their money is what they have got by doing many good work? No not at all ! In that most of the money would be from illegal business. If we pay our taxes we needn't worry about this sudden demonetisation act at all. It trembles those who have crores of black money who don't even pay their taxes.So this is why corruption cases should be tried on a daily basis. So friends let us join our hands together to make our country corruption free. Hope this helps!