Your Thoughts On Demonetisation - For It or Against It?

Kaustubh Katdare

Kaustubh Katdare

@thebigk • Oct 26, 2024
The Indian Government took a very bold step on November 8; announcing that the currency notes in denominations of Rs. 500 and Rs. 1000 have been withdrawn effective immediately. The move indeed was unexpected as majority of the high-value transactions in urban India were done through these notes. The high denomination notes were also one of the major causes of black-money generation in India.

I'd like to know how do our fellow CEans look at this move? What are your thoughts? Are you for it or against it? OR do you see it as a 'big scam' like opposing political parties in India?
Like 0 Replies 2

Replies

Welcome, guest

Join CrazyEngineers to reply, ask questions, and participate in conversations.

Sign up Log in

CrazyEngineers powered by Jatra Community Platform

  • Ramani Aswath

    Ramani Aswath

    @ramani-VR4O43 • Dec 22, 2016

    It is a good step bravely taken by Modi at a considerable personal cost.
    As for me, I rarely use cash (Since 1980). Purse strings are held by the better half. For bills and such I use net banking or card online. My wife doles out small cash if I am sent on petty shopping.
    0
  • ARAVIND SELVARAJ

    ARAVIND SELVARAJ

    @aravind-UOFaKH • Dec 23, 2016

    My point of view is it's a best decision taken by our prathan manthri modi ji but there is lot of troubles in implementation due to irresponsible officials in banks
    0