The one on Demonetization
Question: Only 1% demonetized notes didn't return to RBI. Isn't it an utter failure of the Modi government's declared war against black money?
Background: In November 2017, Indian government debarred Rs.1000 and Rs.500 currency notes from circulation.
Many welcomed this move from the government as they thought it would greatly curb the black/hidden money from the economy. People were excited that this move would be the first step to bring some equality in the highly biased Indian society where too much wealth is concentrated with too few. Some were skeptical that this juggernaut effort would be effective at all.
About Answer: Following is the answer from a CA who says that she has observed positive changes after demonetization. While others can just speculate what are the real effects on the economy, she has presented examples from her daily profession and that's what makes it readable.
Answer: Answer.
Intersting Comments:
Background: In November 2017, Indian government debarred Rs.1000 and Rs.500 currency notes from circulation.
Many welcomed this move from the government as they thought it would greatly curb the black/hidden money from the economy. People were excited that this move would be the first step to bring some equality in the highly biased Indian society where too much wealth is concentrated with too few. Some were skeptical that this juggernaut effort would be effective at all.
About Answer: Following is the answer from a CA who says that she has observed positive changes after demonetization. While others can just speculate what are the real effects on the economy, she has presented examples from her daily profession and that's what makes it readable.
Answer: Answer.
Intersting Comments:
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