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Srishti Kapoor , DSE alumnus, working as a policy maker Dec, 07 2016

Demonetisations phycological effect is finally wearing off and the reality is coming forward. What should the Govt. do to sustain the emotional and financial hit?


People are becoming more and more aware about the reality of demonetisation.

Different sectors of India are experiencing both emotional and financial turmoil, what should be govt's next step to make sure this step doesnt bite them back?



Nitin S. , Observe think and then speak Dec, 07 2016


Demonetization shock wont spread over two months you are ignoring some of the positive variables here. The drop in interest rates creates once-in-lifetime opportunity for home buyer and is definitely going to boost demand in housing sector. Primary housing sector cannot have any adverse effect of cash constrains. So far as FMCG retail, automobile, e-commerce etc. are concerned, the slowdown is purely temporary and economy is likely to bounce back during next quarter. These dooms-day predictions only have the effect of creating panic among public. The basic economic figures are robust enough to tide over any temporary choking of commercial activity. This was arguably the best time for such an initiative like demonetization. For business any excuse is good enough for demand of tax incentives.
Demonetization shock wont spread over two months you are ignoring some of the positive variables here. The drop in interest rates creates once-in-lifetime opportunity for home buyer and is definitely going to boost demand in housing sector. Primary housing sector cannot have any adverse effect of ca


Sudhanshu , Live and let live Dec, 08 2016


The Government was likely forced to undertake this step based on the tepid response to their voluntary income disclosure scheme. As you would be aware, money does not equal cash. Therefore by my reckoning, eventually the demonetization would only uncover ~1-2% of the total stash of black money.

Post the demonetization, it now appears that the government will re-introduce the voluntary income disclosure scheme. I do agree that the idea has merit as a 'good cop, bad cop' tactic. My gut feel is that rather than black money, what this does affect immediately is the supply of fake currency in the system. This was a growing menace which has been temporarily stopped in its tracks. Again, I use the word 'temporarily' because it appears that there are no new security features in the new bank notes.

The Government was likely forced to undertake this step based on the tepid response to their voluntary income disclosure scheme. As you would be aware, money does not equal cash. Therefore by my reckoning, eventually the demonetization would only uncover ~1-2% of the total stash of black money.Post


Varun ravikant , Work in the field of Agriculture and want to Dec, 07 2016


You are trying way too hard to rake up hatred on the demonetization move.Let it go still verse. May be 6 more months. We hardly have any problem. But I keenly count on every single being, like you, who has a problem. I would down vote all of them as well as the people who they are in support of, during the 2019 elections.We just smoked the holes, and the rats are coming out. Now itz not even time for 2nd stage, because Modi asked until Dec 31. You guys fold and keep your stats in your back pockets.During 2nd stage we will kill the rats. Later we fill the gaps.Later we sow the seeds then we nurture the plans.
You are trying way too hard to rake up hatred on the demonetization move.Let it go still verse. May be 6 more months. We hardly have any problem. But I keenly count on every single being, like you, who has a problem. I would down vote all of them as well as the people who they are in support of, dur


Rahul Manikaran , Trying to make this world a better place to l Dec, 07 2016


No significant monetary benefit for the common man is seen as the rich have found ways to circumvent the new legislation by using fake id proofs from their employees’ record section. Telecom companies, utility companies are hand in glove with agents who are supplying fake id proofs to convert black money into white at the rate of several lakhs per hour. And now they have 50 days for it. No wonder banks have run out of cash even though huge stacks of new currency were being supplied to banks without telling them what they were being used for.Unless, the criminal justice system is fixed and the source of corruption which generates black income is plugged. No real improvements will happen.
No significant monetary benefit for the common man is seen as the rich have found ways to circumvent the new legislation by using fake id proofs from their employees’ record section. Telecom companies, utility companies are hand in glove with agents who are supplying fake id proofs to convert blac


Sahil Khanna , 9 years of experience in running 4 successful Dec, 08 2016


BJP government brought demonetization of Rs.500 and Rs.1,000 notes to weed out corruption and control terrorism. But off-late even after one month, nothing is happening after demonetization. More corruption, black money business and terrorism has increased overally. So afterall what best has happened due to demonetization? Only increased black marketing of money, terrorism has increased and many of our brave Jawans are martyred by enemies of peace and corruption in the new form of Rs.2,000 which uses less space even in pocket. The only affected are general public who are harassed and could not take their own money from the bank or ATMs as Banks and ATMs are mostly empty coffers. Most affected are in the villages and heard that many are going hungry as their hard-earned money is now shred of papers as their access to banks and ATMs are limited and over that banks and ATMs are maximum time getting emptied in no time and many left out dry and high. I am very critical about this demonetization as this has led to market getting affected very badly and unemployment on the rise. Where is money?
BJP government brought demonetization of Rs.500 and Rs.1,000 notes to weed out corruption and control terrorism. But off-late even after one month, nothing is happening after demonetization. More corruption, black money business and terrorism has increased overally. So afterall what best has happene


Srishti Kapoor , DSE alumnus, working as a policy maker Dec, 08 2016


Post the demonetization, it now appears that the government will re-introduce the voluntary income disclosure scheme. I do agree that the idea has merit as a good cop, bad cop tactic. My gut feel is that rather than black money, what this does affect immediately is the supply of fake currency in the system. This was a growing menace which has been temporarily stopped in its tracks. Again, I use the word 'temporarily' because it appears that there are no new security features in the new bank notes.


In the short-term, deficient planning and preparation meant pain to a lot of the unbanked population. Newspapers report around 70 deaths attributable to the demonetization. For any developed country, this would be a cost too high for so marginal a benefit. In the long term, the plan would only work if the government is able to go after the routes through which black money is generated, disseminated and stored. This means cracking down on various commodities and land deals. This is easier said than done.

Post the demonetization, it now appears that the government will re-introduce the voluntary income disclosure scheme. I do agree that the idea has merit as a good cop, bad cop tactic. My gut feel is that rather than black money, what this does affect immediately is the supply of fake currency in the