10 points for debate on demonetization in favour of and against
Dear student,
Please find below the solution to the asked query.- This will help the government to track unaccounted Black money on which income tax has not been paid by the black money holders.
- This will help India to become corrupt free.
- This will halt the circulation of fake currency.
- Most of the Big businessmen who have been hiding their income should pay advance tax as current year's income.
- Due to this individuals are depositing cash in their Jan Dhan account .This amount can be used for the betterment of country.
Disadvantages-
- This step may cause inconvenience for few days .
- The situation can cause problems if there is a delay in circulation of new currency.
- This is a loss to the economy as the government has to bear the cost of printing and circulation of new currency.
- The individuals who have a wedding in coming days suffering from a problems as they have to make alternatives for making payments.
Hope this information will clear your doubts about the topic.
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Regards