Replacing 500 and 1000 rupee notes."
"In a significant step to check black money
Prime Minister Modi on Tuesday announced demonetization
of Rs 500 and 1000 currency notes
with effect from midnight
making these notes invalid in a major assault on black money."
"What they do is
replaced old 500 and 1000 rupee note
with new 500 and 2000 rupee note."
"which is for the some people is
very Bold
and
very Shocking "
so let's talk about pro and cons of banning and replacing 500 and 1000 notes in India
"This decision is pain in the ass for black money holders
having trucks of money undeclared and enjoying without paying any tax."
"If implemented
correctly and effectively
then it will result at the end of
fake currency racket."
"As said by PM Modi
From across the border
our enemies running a racket in India through fake currency
it can be an Obstacle for terrorism."
"replacing and 1000 and 500 rupee note
also can be helpful in Reduce in corruption
for few months at least
Shameless corrupt traitors will find other methods but
it will take some time
Like in other countries
bitcoins online loopholes are used for bribe money but
it will take some time "
"we all know how much political parties use black money
it will be a tough task to use trucks of money in election
resulting in Fair Election."
"one of the biggest Con of this is
inconvenience caused to people
the burden in exchanging notes with common people
for few days they don't have anything to spend on daily needs."
"if you want to buy something you need online payment methods
like the master card or visa."
500 rupee printing costs 2 rupees and 50 pesa to Indian government
100 rupee printing costs three rupees to Indian government
500 rupee notes are 44 % of notes present in India
1000 rupee notes are 24 % of notes present in India
"now government has to print all that cash again
68 % of it
it's more than half of Indian currency
and printing charges are going to be paid by
the money of taxpayers
resulting in Loss of Tax Payers Money."
One of the biggest concern is Issuing the new 2000 rupee notes
"this is the topic which PM Modi is most picked on among their rivals
because of Issuing 2000 rupee notes later cause the increase in corruption as it will be easy to store."
"announcing it surprisingly with the perfect planning can turn into one of the Modis greatest Idea
there is no doubt It is a masterstroke by Modi and
it’s success highly depends on its implementation but
if all go well, Modi don't have to worry about Next PM election in 2019."
