DECODING DEMONETISATION
BAN ON CURRENCY NOTES
And here dawns the day when the zero placed in the units place is actually meaningless. Yes, the 50 and 100 rupee currency notes hold more value than those precious, hard earned 500 and 1000 rupee notes.
In an appalling move that seems to be revolutionizing the nations economy, the Indian PM, Mr. Modi, announced that the 500 and 1000 rupee notes would no longer be valued for any monetary transaction.
This sudden bolt from the government, aims at permanently terminating black money and sterilizing the nations economy.
The main reason behind the demonetization was an effort to stop the counterfeiting of the current banknotes alleged to be used for funding terrorism and for cracking down the black money in the country.
The main reason behind the demonetization was an effort to stop the counterfeiting of the current banknotes alleged to be used for funding terrorism and for cracking down the black money in the country.
This unprecedented drastic reform in legal tender left its citizens awestruck and the quick minded natives are coming with innumerable ways to squander away their heaps of cash.
The nation saw the monetary institutions flooding with people, standing impatiently outside banks and ATMs under the scorching heat of the sun only to withdraw some cash. The country came to halt with currency notes stealing the headlines, all expecting this “surgical strike” on the currency to be a beacon for eliminating black money and the corruption cropping out of it.
The inconvenience faced by the citizens today ,will be beneficial in the long run to the country. The funding to terrorists will see a major decline now onward.
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| Meanwhile somewhere in India. |
Burnt sacks of notes have been found in some places and the people don’t seem to be quite pleased by this movement. On the other hand, there has been much acknowledgement and praise for this significant action taken by the ruling government all over the country.
On a different note, to our respite, the rumors of there being nano –GSP chips embedded on the newly minted 2000 notes have be declared as “Watsapp hearsay”
On the horizons of conclusion, we make a humble request to each one of you to stop circulating unaunthetic watsapp messages as the reforms that are underway have already created enough ruckus for the people to panic.
People must be patient and then judge the decision by Modi sarkar as a beneficial step or not.
We as a nation need to join hands and come together as a pillar of strength for our government and respect its decision.
People must be patient and then judge the decision by Modi sarkar as a beneficial step or not.
We as a nation need to join hands and come together as a pillar of strength for our government and respect its decision.
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