Question

speech on cashless India- my future

Answer 1

Cashless India or Cashless India is a mission which was started by the Indian government under the leadership of Prime Minister Narendra Modi. The purpose of this mission is to reduce the reliance on the cash of the Indian economy, so that the large amount of black money hidden in the country will be brought back to the banking system. This mission started on November 8, 2016 when the government made a revolutionary initiative, suddenly devalued the old notes of 500 rupees and 1000 rupees. We are presenting separate articles in 100, 150, 200, 250, 300 and 400 words in simple language on 'Cashless India' subject to students, out of which students, according to their need, Can choose. The Indian government suddenly announced the devaluation of the old currency of 500 rupees and 1,000 rupees on November 8, 2016, and this led to an uproar in the whole country. The government raised this step to end the parallel economy being run by black money and fake currency, which was mainly used for the funding of criminals and terrorists. Because of this decision, people struggling to cope with the huge shortage of money had to stand in long queues outside banks and various ATMs to change their old currency and get new currency.

Answer 2

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.