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1903Why u demonitization war Coverned in India? |
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Answer» 1. Lots of people are uneducated in India so they are unaware of online payments. Most of them depend on liquid cash. Due to ban of old currency lots of people went hectic how to spend and give money to others. 2. Online payments would serve profits to American companies in india and stake holders of Indian online payments companies in India. So Obama suggested to ban old currency in name of end of corruption. 3. Due to print of new currency lots of misplacement of money may occurred. It was mass issue as concerned. 4. Printing of money needs a specialised paper. It was taken from Swiss. Which would have costed a big time money which is not disclosed by ruling government. Because of some issues. 5. When new notes are created which were 500s and 2000s. people went concerned for change of 2000s during demonization. They printed 2ks instead of 1k. This made easy for black money holders to hide money. |
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