Opinion : Immediate effects of Demonetisation
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Opinion : Immediate effects of Demonetisation

Archive Manager by WEB DESK
Nov 19, 2016, 12:00 am IST
in General
Jeay Sindh Freedom Movement chairman Sohail Abro

Jeay Sindh Freedom Movement chairman Sohail Abro

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PROS

*   Fake currency out of stock
*   Hawala sources dried up, terrorists,         naxalites, drug peddlers hit
*   Kashmir back to normalcy, schools         re-opened after long time
*   Small vendors have started using         Apps and card machines for payments
*   Fiscal deficit of India set to reduce
*   Defaulters of banks, Property Tax,         Electricity Bills and Telecom Bills are     clearing their long pending dues
*   Arhar dal crashes to Rs 80/kg in         many states
*   Drug peddlers and Human Trafficing     business afeected to a large extent

 

CONS

*   People facing inconvenience
*   Have to stand in queques for hours to     exchange and withdrawl of notes
*   Existing business transactions halted
*   Opportunity for brokers to make         some money by exchanging currency
*    ATM’s are not developed according to     new 500 and 2,000 notes
*   People are not getting change in the         market against the note of Rs 2,000

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