Question

write a artical on demonitization ？？？ plz answer quickly

Answer 1

Demonetization is one of the most trending topics which occupied the columns of Indian newspapers in 2016. INDIAN PM Narendra Modi took a bold step against the black money holders by declaring demonetization in November 2016. Initially, implementation of demonetization in a populous country like India was not a cakewalk for the government.

Answer 2

The discontinuity of a particular currency from circulation and a replacement of it with a new currency is called Demonetization. In the present setting, it is the restricting of the 500 and 1000section money notes as a lawful delicate. In other words, it can also be said that A demonetization is an act of stripping a currency unit of its status as legal tender. It occurs when a particular form of money is pulled from circulation and a new note or coin is introduced in the market as a replacement of withdrawn form of money.

The demonetization technique will help India to twist up sans corruption. Those appreciating taking result will quit worsening rehearses as it will be hard for them to keep their unaccounted money. In his different speech on demonetization PM Modi openly says that it is a process to trap the black money holders to track out their money.This move will help the governing body to track the dim or black money. After the declaration of demonetization, as per new govt rule, Those individuals who have unaccounted money are by and by required to show pay and submit PAN for any genuine budgetary transactions. The governing body can get pay cost share for the wage on which force has not been paid.

The declaration of the demonization of the money has made enormous inconvenience the all-inclusive community. They are rushing to the banks to exchange, store or draw back notes. The sudden declaration has made the situation wind up discernibly scattered. Tempers are running high among the masses as there is a deferral in the circulation of new money. It has significantly affected business. In view of the money crunch, the entire economy has been made to come to a standstill.Various poor step by step wage workers are left with no occupations and their consistent pay has stopped in light of the way that organizations can’t pay their step by step wage. The lawmaking body is suspecting that it’s hard to complete this procedure. It needs to bear the cost of printing of the new money notes.

# I hope it's enough and helpful for you.