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Piyush Swami

A law students who doesnt have any interest in law.

Disciple [?]

A person you follow posted a new opinion on Nov, 17 2016

Has opposition trivialised the issue by focussing on inconvenience?

Vikram Gupta had posted

Oh maybe I misinterpreted what you meant. Care to elaborate on the seriousness of the issue over and above the inconvenience? To my untrained eye, it seems inconvenience


Piyush Swami A law students who doesnt have any interest i

Well, more than inconvenience, utility is the issue in this particular case. Elaborating on the point, every action that any government takes has and should have large utility. In this case, when a step like demonetisation is taken, it should be kept in mind that are we really acheiving what we are aspiring for. Lets discuss the problems with the new policy point by point:-


1. First of all, according to the data released by Income Tax Dept, only 4-6 % of the black money is cash form which can be curbed through this process. Most of the black money is already converted into investments like real estate, gold and other investments.


2. There are still ways to convert black money into legal money without actually paying tax (mind it I am only talking about the money on which the tax is not paid). Mandir hundis are the perfect mechanism through which the money can be converted. According to a source, in Ahemdabad there are several agents that are offering and are converting the black money with a deduction of 30% of the amount.


There are more, but I have to go

Well, more than inconvenience, utility is the issue in this particular case. Elaborating on the point, every action that any government takes has and should have large utility. In this case, when a step like demonetisation is taken, it should be kept in mind that are we really acheiving what we are

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