View Feed
Coffee Room
Discuss anything here - everything that you wish to discuss with fellow engineers.
12889 Members
Join this group to post and comment.
Kaustubh Katdare
Kaustubh Katdare • Dec 22, 2016

Your Thoughts On Demonetisation - For It or Against It?

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a very bold step on November 8; announcing that the currency notes in denominations of Rs. 500 and Rs. 1000 have been withdrawn effective immediately.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?
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.
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

Share this content on your social channels -