Was demonetisation a good move give your opinion?
HDFC Bank Managing Director (MD) Aditya Puri Sunday said the demonetisation in 2016 was a good move to boost economy in the long run, though the measure had brought hardship to the people at the initial stage. As a part of this plan, it would also double the number of branches in Sikkim to 18, the HDFC MD said.
Was demonetization good or bad?
After more than 2 years of Demonetization, Indian Economic Survey claims that the economy has done away with all the negative impacts of Demonetization. However, economic experts are of the view that the economy is still crying for a faster growth and little objective has been achieved by the demonetization move.
Do you think demonetization would be successful in curbing black money and bringing transparency which are essential for economic development?
On the fourth anniversary of demonetisation, Prime Minister Narendra Modi on Sunday said the move helped in reducing black money, increase tax compliance and formalisation of the economy. Demonetisation has helped reduce black money, increase tax compliance and formalization and given a boost to transparency.
Was demonetisation a good policy decision Quora?
yes it was a good step, after demonetisation there was a good and complete breakdown of stone pelters, old fake currencies were not in use, many black money holder’s have spent their money either on gold or crapped. This all was beneficial to our country.
Was demonetisation a good move Quora?
Originally Answered: Is demonetization good for a big country like India? Its good but now its definitely bad as implementation completely failed and black money still hoarding with many people in form of Rs. 2000/- notes which is horrible for common man and as usual corruption continues in higher denomination.
What are the views on demonetisation?
Regarding the top benefit of demonetisation, 42 percent said it brought a large number of evaders in the tax net, while 25 percent felt the move had no benefits at all. Around 21 percent respondents said note ban has reduced black money in the economy and 12 percent said it increased direct tax collections.
Will demonetisation work to tackle the black economy?
Demonetisation as a means of tackling the black economy was destined to fail. It was carried out on the incorrect premise that black money means cash. It was thought that if cash was squeezed out, the black economy would be eliminated.
What are the after effects of demonetization in India?
While the year 2019 will bring with it formation of new Government after the elections in April 2019, the after effects of Demonetization that happened on November 8, 2016 still haunt the Indian Economy.
What are the key points describing success of demonetisation?
Key points describing success of demonetisation are: Prices of commonly consumed commodities like Pulses, fruits, vegetables had gone down substantially post demonetization. Accordingly it brought down the rate of inflation during the months that followed demonetization.
How much money has been recovered after demonetisation?
As mentioned earlier, the main purpose of surgical demonetisation was to capture black money hoarded in cash. Though RBI is yet to release official figures, it is estimated that at least 95\% of the demonetised Rs 15.44 lakh cr has already come back to the banking system.