Question

pm speech impact 150to200 words

Answer 1

Demonetisation in India
with its social and economic impact
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 queues before the banks and ATMs
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.
The new currency which replaced the old
one is of denomination of 500/- and 2000/-.
Though the people faced a lot of
inconvenience owing to shortage of funds,
they did not criticize the govt for the move.
Even they lauded the Modi govt for this big
move..