English, asked by BrainlyVirat, 1 year ago

Give Any 1 speech on..
1.Art is a stress reliever
2.Cashless India
3.Religion and Science..

Answers

Answered by swapnil583
0
It was on 8 November 2016 that the Government of India took the whole country by storm by announcing that the currency notes of Rs 500 and Rs 1,000 were no longer legal tender. The government move aimed at curtailing the menace of black or counterfeit money which is largely used to fund criminals and terrorists as part of a parallel economy. The acute shortage of money in the wake of this decision led to long queues of people outside ATMs or banks seeking to exchange their notes or withdrawing cash.

Conclusion: But eventually, the move has turned out to be a push towards cashless India that is bound to pave the way for a cashless economy, marked by greater transparency, ease and convenience in monetary transactions.

Cashless India
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Answered by Ajay1291
2
The Indian government suddenly announced the devaluation of the old currency of 500 rupees and 1000 rupees on November 8, 2016, and for this reason there was a crack in the whole country. The government took this step to end the parallel economy of black money and fake currency, which was used primarily for the financing of criminals and terrorists. Due to this decision, people were struggling to deal with the huge shortage of banks and many ATMs had to stand in order to convert their old currency and get a new currency in a long line attached to it.

Conclusion

But in the end, this step has proved to be crucial in starting a cashless economy in India. The cashless economy has paved the way for greater transparency, ease and convenience in monetary transactions.

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