DEMONETIZATION
These viral questions generally asked after the demonetization -
1. What are the benefits of demonetization?
2. Why this were necessary?
3. Could this be avoided?
In this post i am trying to answer this questions
In my view the step of govt. to replace the currency is a bold step. No collision government ever could think about this. So, i think people gave mandate to the NDA govt to take such a bold step.
A simple people who are in line could not get direct benefit of this step. Some of the persons are
making noise for the line around all over India. I think our country persons are not facing any new problem. They stand in queue for famous movie tickets. Citizen also stand in line to get tasty Kachori and Samosa. I think in our capital every person who drink get their bottles after standing in queue. These works are not essential for us and for our life. But when we see kilometers long queue for entering the Cricket match all lines became shorter.
So decide,
how these queues are bad for us?
Are not standing for a noble cause?
Benefits of this bold step could be seen after February & March when interest rates will cut down unto 2% . These rate cuts will directly benefit the citizens. Hike of rate could be stopped because black money will be less in market. No one can say that all illegal currency come out. We are watching the effects of demonetization.
Now see what a benefits a common man could get-
1. Every loan EMI became lesser.
2. Cost of essential goods moves downward
3. Cost of Gold also shows negative trends
4. We can buy land @ cheaper
5. Most benefits is for middle/ lower middle/ lower class of the society
6. House will not remain imaginary for citizens
7. More funds will be available for loan in bank, one could expect documentation would easier.
8. Online transaction service taxes will be cut
9. More industries could be set up
10. More employment will generate
11. Startup India and all scheme will get more funding
12. Import cost will cut
13. Valuation of rupees will increase
14. More funds available for DRDO & IITs
15. We would be next export of defense component
If you are a well wisher of your country then i think you will definite support this step.
To make your country more powerful in the world give up cash translations, and stop black money to spread.
To be continued.........