Just In
- 15 min ago Daily Horoscope, 20 April 2024: Leo Professionals Will Face Work Related Issues At The Office
- 42 min ago Sonam Kapoor Stuns In A Huisang Zhang Skirt Set, A Skirt-Top Style Guide From The OG Fashionista!
- 4 hrs ago Thrissur Pooram 2024: Date, Time, History, Significance, And Celebrations Related To Kerala's Rich Traditions
- 8 hrs ago Daily Horoscope, 19 April 2024: Gemini Will Have A Controversial Day In Terms Of Love
Don't Miss
- Movies Love Sex Aur Dhokha 2 OTT Release Date, Platform: When & Where To Watch LSD 2 After Theatrical Release?
- Finance China's Sinking Cities: Researchers Warn Of A Looming Threat, Say Half Of Major Cities Are Drowning
- Sports Hardik Pandya bystander as Akash Madhwal takes input from Rohit Sharma before bowling final over vs Punjab
- Technology Google Maps Introduces Eco-Friendly Commuting Options: All You Need to Know!
- Automobiles Sany India Introduces SKT105E: An Electric Dump Truck
- News Bengaluru Park Tragedy: Mother Avenges Daughter's Killer After He Stabs Her To Death
- Education Jharkhand Board Class 10th result 2024 is OUT; Know steps to check the result
- Travel Telangana's Waterfall: A Serene Escape Into Nature's Marvels
Things That Have Changed After Demonetization
The common man is still confused…
Every time a new party rules the country, the members of the ruling party come up with new ideas and strategies on how they would curb corruption. But not even in the wildest of dreams had the Indians thought about demonetization!
India is the most cash-dependent country in the world and when suddenly it found itself without enough cash to run its economy, each person in the country was left in a state of confusion. This was all thanks to the demonetization rule!
List Of Countries That Have Tried Demonetisation
On one fine day, when the Prime Minister of India, Narendra Modi, decided to take this step, it was a shocker to the people, as they were not ready to accept the sudden revolutionary change.
It all happened on November 8th at 10 PM, when India's Prime Minister Narendra Modi announced that on the stroke of midnight all 500 and 1000 rupee notes, which were in circulation, would be ceased to become legal tender.
It has been a year since the demonetization has happened and now let's check on how the country is coping up with this revolutionary change since that eventful day...
The people who were affected the most:
The Lower Section Of The Society...
From the farmers to the daily vegetable sellers and hawkers and many more were the worst affected people, as they were unaware of how their earnings became worthless with this sudden move. In some of the worst cases, the individuals were not even having a bank account to add their money in.
Suddenly The Country Went Cashless!
With the sudden decision that happened, there was immense chaos and people were confused on what was the alternative. It was chaos as people were confused on where they would get their money exchanged. From banks over working to ATMs running dry, a lot were left helpless. However, this did not let us down from fighting off corruption.
The Move Got A Mixed Reaction…
The move got a mixed reaction, as people applauded the move, while there were those too who had to face hardships of losing out on their black money and for the lower section, who did have to suffer due to this.
Things That Need To Be Banned In India
The Criticism About The Move
The biggest criticisms of the demonetization is that the government could simply not take the lifestyle of the country's massive working class or the poor and the subsistence-level agricultural population into account before taking such a major step.
The Changes…
Once the date of exchanging the old notes happened, there was nothing a common man could do. The new notes were released and it made the life of a commoner a bit too tough again, as people were not aware of the original new notes and the old ones and their differences. Apart from this, getting a change for a 2000 rupee note was a herculean task.
On The Contrary, The Positive Side
The
move
of
demonetization
has
done
a
share
of
its
own
good
as
well,
though
the
world
calls
this
move
as
a
failure,
it
has
helped
the
poor
people
move
in
the
direction
of
going
cashless
and
creating
their
own
bank
accounts
where
they
can
save
some
money.
It's
not
that
bad
a
condition
after
all.
What do you think? Was this movement a success or failure? Do let us know in the comment section below.
- healthWhat's The Secret To Living Till 100? Well, They Are Simple, Tasty, And Fulfilling!
- astrologyNumerology And Its Influence: How Numbers Can Impact Major Life Decisions
- insyncGuru Nanak Jayanti 2023 Bank Holiday: Banks Will Be Shut In These States Today, Check List!
- yoga spiritualityThe Three Sisters Of Sita: Life History And Cause Of Death
- faith mysticismSix Guides That Help You Reach Your Destination In Life
- faith mysticismParamahansa Yogananda: Priceless Quotes To Be Treasured And Remembered
- faith mysticismHow The Pandava Prince Yudhishthira Was Humbled By A Small Mongoose
- faith mysticismHow To Perform Your Duties Regardless Of Results, Take A Cue From Mahabharata
- lifeHow To Achieve Work Life Balance: 21 Tips That Will Come Handy
- wellnessYou Might Live Longer If You Have A Sense Of Purpose, Study
- beautyIs Life Really Easier For Attractive People?
- wellnessEvery Seven Years Comes With A New Life Challenge: What Happens To Us During These Phases?