Essay on Impact of note ban in India ? Essay on positive and negative effects of fashion 1000 words essay on Impact of note ban in India for school and college students.
India witnessed a historical decision in the month of November 2016, when Rs. Read full Essay on Impact of note ban on society and common man. Short essays on famous quotes » Essay on Impact of note ban in India ? 1000 notes were banned and completely withdrawn from the market, as per instructions of our Honorable Prime Minister Shri Narendra Modi. All of a sudden, there was a sudden growth of anxiousness amongst the Indian citizens as these were the highest denominations notes till date. Indian economy suddenly became invalid that amounts to around Rs. Aimed at curbing black money and use of it in terrorist activities, this step was undoubtedly a big step towards ending corruption by Shri Narendra Modi.
However, there have been various other implications of this step in almost every sphere of the lives of the common people of India as well as broadly over the whole of Indian economy. Essay on positive and negative impact of ban of Rs. There will be a drastic drop in the amount of black money in India. This is because all the unaccounted money of India today are solely in Rs. 1000 denominations and there are only two-way outs for the holders of the same.
Either those have to be exchanged in the banks with valid ID and address proofs that will definitely attract Income Tax attention or those have to be simply disposed of off as they are of no use at present. Quite obviously, the basic aims to identify the black money holders and take strict actions against them have been more or less successful, at least to a certain extent. The unscrupulous black money holders have finally come out of the comfortable cot of corruption! It is an open secret that all these black money was used to fund all kinds of criminal and terrorist activities. Therefore, this note ban will in turn help to bring down the level of terrorist and other criminal activities to a large extent. In other words, a very serious issue of national security is also been taken care of by the pros of note ban. Moreover, all kinds of illicit and illegal activities carried out by the land and underground mafia will come to a screeching halt.