Question

Impact of demonetisation on society indian express

Answer 1

The demonetisation measure of the Government of India may, at best, disable a portion of black wealth held in the form of currency notes that have ceased to be legal tender. The stock of black wealth held in currency form has been generally estimated at around 5 to 6 per cent of the total. A portion of this stash has already been laundered. Current estimates of black money trapped through demonetisation do not exceed three lakh crore. The claim that the demonetisation was aimed at immobilising counterfeit currency is lacking in credibility, with such currency estimated to value no more than Rs 400 crore, a very small proportion of the value of the high-denomination notes that were in circulation. The current measure does not address the continued generation of black money through tax evasion. Demonetisation as a weapon against terrorism is a claim bordering on the ridiculous. Corruption is not a one-time activity to be put an end to through this measure.

Answer 2

answer to your question is given in the attachment

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