10 points for debate on demonetization in favour of and against

Dear student,
 
Please find below the solution to the asked query.
 
The government of India recently took a bold step to demonetize Rs 500 and Rs 1000 currency-
Here are some of the disadvantages and advantages of De-monetisation
 
Advantages-
  • 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.
 
If you have any more doubts just ask here on the forum and our expert will try to help out as soon as possible.
 
Regards

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  • -7
what we should , should we tell about it in para's or in points?
what is your opinion in favour or against?
  • -2
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  • -7
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