One month of demonetisation: Here's how country benefited and suffered

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New Delhi: Itís been one month since the Rs 500 and Rs 1000 notes were banned by the Prime Minister Narendra Modi-led BJP government. The PM has asked for 50 days to solve the problems faced by the people as a result of demonetisation.

Here’s how the country has suffered and gained as a result of this notes ban:

Benefits of Demonetisation:

    The country has moved towards cashless transactions.
    We are moving towards on the path of digital India.
    Grip has tightened on those holding black money after demonetisation.
    The fake currency has got vanished.
    Money from vaults has shifted to banks.
    As a result of demonetisation, 12 lakh crore has got deposited in banks, making the institution strong.
    Expenditure on unnecessary items has got limited to some extent which has resulted in saving.

How the country suffered:

    Since last one month, people of the country have been standing in serpentine queues outside the bank and ATMs.
    People have been starving for cash.
    People are dying while standing in long queues.
    Availability of less cash has impacted businesses.
    Small vendors and daily earners are the worst hit.
    Demonetisation has affected farmers and agriculture sector badly.
    There are speculations that the move of notes ban may affect country’s progress.
    Foreigners have been getting less cash.
    Notes ban has affected tourism.

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