Question

impact of demonetization on ppl

Answer 1

The people suffered a lot during the process.Although the pm said that the demonetization would lead to downfall of corruption yet there are false notes in the market

Answer 2

Demonetisation of money means the currency which is existing is discontinued and new currency is replaced in it's place. In India there had been a ban on 500 and 1000 rupee notes which is officially announced by our honourable prime minister on 8th November 2016.

Demonetisation is a beneficial practise implemented against corruption. It had a great impact on our country.

Today in the modern world we find many government officials often bribing to complete people's work.This has become a great problem. Government officials, politicians and other rich people are becoming more and more rich while poor people are still remaining poor.This is a thing which is to be considered.

So our respected Prime minister had implemented demonetisation against this. It is implemented as an anti-corruption scheme. This scheme had brought out the real phase of many politicians and great people.

Demonetisation came out as a useful scheme as it has a limit to the amount of money which can be withdrawn per day and had fixed a particular date when all these exchanges should end . During this process many rich people simply threw the money in fright of being caught.any others were being caught and arrested.

Demonetisation was being opposed by many rich people, officals and politicians as they were frightened. But inspire of that demonitisation was successful.

However in some places it turned ot to be a waste. Many rich people got their money back.They were happy as before. Many new 2000 rupee notes were found in some of their houses. This turns demonetisation to be  a failure. it could not succeed much in many parts of India.

Demonitisation had both benefits and loss. It had a great impact on people.Common people suffered as there was a very big queue for collecting money in the banks.

Inspite of all these it turned out a successful with some people. It was able to reach its target in some areas.