Demonetization - My view

So one night since my exam was finally done, I had become a peruser of my own kind imbibing Agatha Christie in my imagination. (The start to this piece sounds like some narrator speaking with the brackets in an English Balbharti at the start of the drama. Ah. Yes, too much of drama in a very sophisticated way is involved ahead!)

    Well that's when my mom squawked at the top of her enthusiasm that our elected PM Mr. Narendra Modi had banned all the ₹500 and ₹1000 legal tenders! 

    I would narrate truthfully that the first counter back was, "Is that even possible to conduct?" Well, as it happened in every house the next second, the television set switching on with a sudden rise in the TRP's of most of the news channels. Hah. Kidding. 

    After listening to Modi speaking about the discontinuation of certain denominations in the money cycle, I tried to analyse the advantages and disadvantages from different perspectives! 

  Like every Indian, the first thought that came to my mind was very similar to every initial thought after the whole chaos formed, "Will it really work or rather they would find a way out from this as well? 

   The gravity of the situation wasn't sensed until the next morning when the older currency was the most convenient and yet, wasn't able to make use of! The ATM's were closed down for a couple of days for the banks to sort out the whole process which made it more strenuous for all!  

   At present, when I think of it, it felt so tricky to spend some cash for the moderately salaried people then have you ever imagined what would have been the situation for the people who earn their bread on the regular basis? Everybody worked their brain in the area for the longer run with all the black money out of the system but for the daily earners, it was sure like Trump getting elected as the president of the United States, shocking and difficult, ugh.

  So finally, the effect of this cause was seen when the ATM's and the banks were closed down for the next two days as per the given instructions! 

    Basically, the part demonetisation doesn't really make sense as a word as it actually should mean, us removing the currencies out of the market but some denominations are just being replaced! 

  So now, let me tell you some advantages of demonetisation. 

 The biggest advantage, which was evidently seen in context of the black money getting out of the whole system which as well, caused a lot of its holders a burst of sweat! This certain goal would put a step ahead to wipe out our enlarged corruption, well, that was the hypothesis. 

 That one percent of diminishing black money would also lead to developing countries take a step towards a more developed one!

      To my conclusion, to judge the taken decision is too early as the real application of it is still pending and the effects can be sensed over a period of time. 

-Gargi Joshi