demonetization a short review

DEMONETIZATION a short overview

ON november 08,2016  NARENDRA MODIJI have taken a bold decision of making invalid tenure to the 1000 ₹/inr notes ,500 ₹/inr notes from economy.this step is taken to make control on terror funding ,black money ,fake currency ,duplicate currency ,to make a stabilized property or real estate market , to make the economy more powerful ,to grow bank liquidity and balances .now it's the the major one for making a cashless economy so every transaction is done legally and fast .govt wants to make a cashless economy to make corruption free economy.

i am in full support of making a cashless economy ,digitised economy ,fast transaction ,and against of carrying more cash for transactions ,table k neeche se payments  and fraud politicians .marwari techies will help govt in making a cashless economy as he can help in any form by making aware to the people of digital payments as digital transaction is billion time faster than a paper transaction . there are many types of payments gateways that are providing services of netbanking ,digital transactions .today's smartphone economy ,app payments are easy to access and are easy to use .there is no need of learning ,as its as simple as using whatsapp .people in India are having access to smartphones more than computers or laptops .its a cheaper device and easily available in market .about 50 millions of smart phones are used daily in India .people are using smart phone more for watching videos or using whatsapp like chat apps .

INDIA SUPPORTS NARENDRA MODIJI  JAI HIND

NARENDRA MODIJI have taken a brave decision again . from my point of view  demonetization will make people to use more of netbanking facilities , wallets payments , app payments , debit - credit cards payments , encouraging in  more of using plastics money for day to day transactions like buying foods from street vendors ,buying grocery from local kirana stores or super stores ,paying to any taxi or auto rides etc. all transactions that are done for day to day needs .

India is a business oriented country as people are more of doing business from a small shop to a big market venture . from this move all business persons will gain faster transaction services for there payments .those persons who are doing there business in cash and making it to deposit  it later will now make use of cheque or electronic funds transfer .people busy in making black money by saving there profit as cash or gold will now loose there whole black money if not shown to govt and make the tax plus other duties payment.read all related things from RBI website .

what if anyone is having daily payments in cash and later depositing in bank to make is secure ?? .or may not have bank accounts to deposit it ?? . this situation is for day wages farmers , labourers , day or monthly paid wages workers .they all are getting payments in cash as not having ban accounts .my advise to all my  friends that please open bank accounts in JAN DHAN scheme and connect it to mobile banking , e wallets and receive payments directly to them . i think more of are having smartphones ,few may have features phones , these payments are also being available .