mention few profits for people when note is banned
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Prime Minister Shri Naredra Modi on 8th November 2016 announced demonetization of currency notes of Rs. 500 and Rs. 1000. There are lots of benefits for people of this demonetization process. Some of them are mentioned below -
1. Black money is curbed - We have seen a lot of 500 and 1000 Rupee notes lying unattended after demonetization. This move has curbed the black money.
2.This decision has tackled the problem of counterfeit notes.
3.It has put an end to the funding of terrorism in our country.
4.Note ban as moved our country towards cash less economy.
5.It has encouraged people to disclose their income and pay tax on income that was undisclosed earlier.
6.Banks have started mobile ATMs for hospitals.
7.Jan Dhan accounts are fulled with money.
8. Kashmir valley has become peaceful.
9.A reduction in price of daily needed items.
10. Significant reduction in price of property and land.
11. Bribing has almost stopped.
Above are some of the benefits of banning of 500 and 1000 Rs. notes in India. Taking future prospective in account making India digital is one of the most promising benefits of banning notes in India.
1. Black money is curbed - We have seen a lot of 500 and 1000 Rupee notes lying unattended after demonetization. This move has curbed the black money.
2.This decision has tackled the problem of counterfeit notes.
3.It has put an end to the funding of terrorism in our country.
4.Note ban as moved our country towards cash less economy.
5.It has encouraged people to disclose their income and pay tax on income that was undisclosed earlier.
6.Banks have started mobile ATMs for hospitals.
7.Jan Dhan accounts are fulled with money.
8. Kashmir valley has become peaceful.
9.A reduction in price of daily needed items.
10. Significant reduction in price of property and land.
11. Bribing has almost stopped.
Above are some of the benefits of banning of 500 and 1000 Rs. notes in India. Taking future prospective in account making India digital is one of the most promising benefits of banning notes in India.
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every honest taxpayer should hail this decision. In the present economical situation, black money has inflated prices in real estate, gold and a few other sectors, making it a challenge for a common Indian citizen to invest. However the government’s attempt to curb black money will significantly lower the prices in such sectors. According to Finance ministry’s report in 2012, “real-estate accounts for more than 50 per cent of the current black money market” [2]. Demonetization would not only repair internal economic issues, but also tackles funding to terrorism. Counterfeit money is one of the main sources of funding for activities related to terrorism [3]. Also, corrupted government officials and politicians who have earned in illegal ways will have no other option to put that money into usage.
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