ur opinion on demonotisation
Answers
There has been a debate in the Country whether Demonetization Policy by Prime Minister Narendra Modi been a Success or a Failure?
After making a little study into this topic through social media and reading few articles in the Mainstream Media, reading about its implementation, I do not think demonetization has been a Failure. In fact, it has helped the country in the following ways.
The Govt was prepared enough before the demonetization though only PM,FM and 2 each bureaucrat in RBI and Fin Ministry were aware of the actual demonetization news before the public announcement on Nov 8 at 8pm.
The proposal mooted and was passed in the RBI Board at 6 pm on 8th of November led by RBI Gov Dr. Urjit Patel and soon Cabinet meeting of Union Govt was called on at 7 pm on the same day. The PM had also made the communication to heads of three armed forces regarding the decision.