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Nearest Metro Station Samaypur Badli Or Rithala Demonetization-Pros n Cons
Demonetization is the most remarkable economic decisions in India taken by Prime Minister Narendra Modi. People have raised their voices both for and against regarding this.
“India is majorly a cash-based economy and close to 98% of the total transactions by volume and 65% transactions by value are done in cash which makes it extremely difficult for the government to keep a track of all these transactions.”
Demonetization has been done before twice but its impact is huge this time. Black money will be rooted out through this move, hence resulting to less corruption. Government can keep track of all our economy, terror funding will vanish. Startups can now take loan of upto 2 crores which will increase employment and country’s economy indirectly. There are many other additional benefits of this move.
There are many myths also going around about this. People are tensed. Well that is correct but to make India a corrupt free country this is worthy.
Watch this video to learn more and share your views about demonetization.
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