The sudden announcement by Prime Minister Narendra Modi to scrap the use of Rs 1000 and Rs 500 took everyone by surprise. In his 40-minute address on 8th November the Prime Minister said the notes of Rs 500 and Rs 1000 will not be legal tender from midnight tonight and these will be just worthless piece of paper. However he assured that there is no need to panic and the government will take all measures to address the concern of the citizens. He also announced that new notes of Rs 2000 and Rs 500 will be introduced.Stalwarts of the industry welcomed the move which aims to curb unaccounted-for cash in the economy. Though the steps are laudable still many feel will only create a pause for a while as those having bulk cash will soon resort to other means to suit their interest. Now in the wake of such discussion do you feel that demonetisation of current series of Rs 1000 and Rs 500 will really help in curbing the menace of black money in India.
Comments / Discussion Board - Will demonetisation of Rs 1000 and Rs 500 notes help in curbing the menace of black money in India?
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It only takes for an IMBECILE to think DEMON of 1000 & 500 & REMON of 2000 will curb the menace of corruption. This IMBECILIC act can only be delivered by none other an IMBECILE & ILLITERATE Politicians like FEku himself. Never to forget it is this illiterate who thinks hard work can win over the HArvard University intellectuals.
Its better to search for real money instead of dig for black, seems to be a human drilled all the mountain through and found a rats tail at very deep bottom,mean time many of genius personalities are died in the coz of mountain drill flatten,now whats the use of rats tail? (One who not able to dare straight wants to be on back, it is not at all Indians histogram earlier,after generations will only says that our earlier humans followed on back coz they don't have dare and the same we are)