Katamarayudu telugu movie review | Katamarayudu Movie Review Rating | Katamarayudu Review | Pawan Kalyan Katamarayudu

X
close save
crop image
x
TM
Wed, Jan 17, 2018 | Last Updated 8:44 am IST

Menu &Sections

Search

Demonetization - The Two Sides of the Coin! #DeMoDisaster #DeMoWins

Demonetization - The Two Sides of the Coin! #DeMoDisaster #DeMoWins
Demonetization - The Two Sides of the Coin! #DeMoDisaster #DeMoWins
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

November 8, 2016 - Indian Prime Minister Narendra Modi announced that all 500 and 1000 Rupee notes will be invalid with respect to bring out the fake notes and black currency. It was also used as a tool to curb terrorism and bring out people's black money who avoided paying taxes.


Demonetization - The Two Sides of the Coin! #DeMoDisaster #DeMoWins


And when criticism was high, the Central Government said this would help India to switch from the cash to digital money. As always, a coin has two sides. The demonetization started off on a good note as the income tax returns filed for the year 2016-17 grew by 25%.


Demonetization - The Two Sides of the Coin! #DeMoDisaster #DeMoWins


And Digital transactions also increased and that brought more transparency into the system. Mobile wallet players like Paytm, Alibaba had an increase of 105%. Even Government started backing digital transactions for payments. 


Demonetization - The Two Sides of the Coin! #DeMoDisaster #DeMoWins


So, on the flip side, there has been a fall in GDP as predicted by Dr.Manmohan Singh. Public were harassed as we could see long queues before ATM's for a long period of time. Ex-Finance Minister P.Chidambaram said that RBI gained Rs.16000 Crores, but lost Rs.21000 Crores in printing the new notes.


Demonetization - The Two Sides of the Coin! #DeMoDisaster #DeMoWins


Due to this, Small businesses, Farming sector, Manufacturing sector, Real estate businesses were widely affected. Also, this took a hit as most of them were unemployed and there was a huge number of job losses in the two months after Demonetization. More than 50% of the power loom units were shut down in Mumbai alone.


Demonetization - The Two Sides of the Coin! #DeMoDisaster #DeMoWins


A report says around 1.5 Million jobs were lost in the first four months of this year due to this demonetization. The economy is also suffering as the growth gets slumped. Also, the Government said, those who have black money should step forward and declare it to avoid risks.


Demonetization - The Two Sides of the Coin! #DeMoDisaster #DeMoWins


But no one came forward and the Government also never did anything as promised. The number of fake currencies also increased and RBI said there has been a significant increase in fake notes. 


Demonetization - The Two Sides of the Coin! #DeMoDisaster #DeMoWins


Demonetization  Too less benefits, Too much damage! 


Demonetization - The Two Sides of the Coin! #DeMoDisaster #DeMoWins
5/ 5 - (1 votes)
Add To Favourite
More from author
Which Network's plan is the best?? Airtel or Reliance Jio
Men to look smart is a must to attract girls
Use Fenugreek seeds for many health related problems
A Player who earns 17 Crores for 2 months is just fined 25% of his Match Fee !!!
Goddess Durga Mantras for Happy and Prosperous Life
GST not imposed for second hand car by an individual
Railway Recruitment Board 2017 Education details
Cockfight was part of Sankranthi Celebrations in Vizag
Richest Man in History is Amazon CEO
Richest Man in History is Amazon CEO
India likely to lose 2nd Test despite Kohli's Blitzkrieg
Some interesting facts about the Harvest Festival - Pongal
Significance of Pongal
Vitamin C Enriched Oranges glows your skin
Osteo Arthritis makes many tough to walk
Can Yusuf Patha play in IPL after failing the dope test?
Every morning offer water to Sun God
MISSING - Kidnapped from Bengaluru - Kindly Report if you got any details
.  Despite freezing cold weather 8000 devotees and visitors thronged the Hindu Temple of Atlanta
Apply for Trade Apprentice Post in 2018 BHEL Recruitment
250 smart poles to be installed in Hubballi-Dharwad for charging Electric Vehicles
Can Angelo Mathews bring back glory to Team Sri Lanka?
About the author

Nanotechnology Degree Holder. Movie Geek. Crazy about comics and cartoons. Hardcore Cricket Lover. Photoshop Professional