Demonetization of Rs 500 and Rs 1,000 currency is going to make a common Indian citizen richer Demonetization of Rs 500 and Rs 1,000 currency is going to make a common Indian citizen richer Demonetization of Rs 500 and Rs 1,000 currency notes by the union government is a laudable and historic effort, we shall be glad on electing a government courageous enough to execute it; there is high chance – this decision may have profound negative impact and dethrone ruling party in the coming elections; people are not fully aware of its long-term benefits and their interim resentment could be cashed by the opposition parties to misguide them. Government’s latest initiative will benefit you in the long run and boost the country’s economy. If we don’t
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How would you benefit from demonetization? Buying a house or a piece of land or a gold ornament which was not affordable before demonization, due to raised prices from all the transactions made with unaccounted money, will now be within your reach. As an honest taxpayer you should hail this decision; presently all the money you earn, would be worthy and make you feel rich enough. All the good you have done to the nation as a law-abiding citizen, by paying your fair share of taxes would soon pay off. It’s a known fact that most of the land transactions happen at least 50 percent in black or unaccounted money which government isn’t aware of it; people do this just to avoid taxes. Demonetization would ban black money to a major extent, for the matter of fact most of it would be stashed as bundles of Rs 500s and Rs 1,000s; on account of being unaccounted, they cannot go and exchange their money in the banks for newer currency notes. Assuming that you want to buy a house, they would want to pay the complete price incurred in buying a land in full white, due to lack of unaccounted money; as people only have a small amount of white or legal money, they cannot shell out as much as they
How would you benefit from demonetization? Buying a house or a piece of land or a gold ornament which was not affordable before demonization, due to raised prices from all the transactions made with unaccounted money, will now be within your reach. As an honest taxpayer you should hail this decision; presently all the money you earn, would be worthy and make you feel rich enough. All the good you have done to the nation as a law-abiding citizen, by paying your fair share of taxes would soon pay off. It’s a known fact that most of the land transactions happen at least 50 percent in black or unaccounted money which government isn’t aware of it; people do this just to avoid taxes. Demonetization would ban black money to a major extent, for the matter of fact most of it would be stashed as bundles of Rs 500s and Rs 1,000s; on account of being unaccounted, they cannot go and exchange their money in the banks for newer currency notes. Assuming that you want to buy a house, they would want to pay the complete price incurred in buying a land in full white, due to lack of unaccounted money; as people only have a small amount of white or legal money, they cannot shell out as much as they